German Industrial Production Slumps For Third Month Running

Is This Why The EU Did Not Want Us To Leave?

 

Germany’s industrial base is showing consistent signs of an economic crisis amid trade tensions between the U.S. and the European Union. Output from German factories unexpectedly declined for a third consecutive month according to statistic reported by Reuters and Bloomberg.

The figures, published last Friday, showed a 1.1 percent decrease for September, missing economists’ forecast of a 0.2 percent increase. Exports from Europe’s manufacturing powerhouse fell 0.9 percent and the trade surplus, a point of contention with President Donald Trump, narrowed further.

The news came at the end of a challenging week for the Eurozone economy, with other published statistics showing fears of a trade war between western and eastern blocs denting manufacturing confidence and Germany reporting another drop in factory orders.

Berlin’s Economic Ministry blamed the apparent weakness on temporary bottlenecks related to new emission-test procedures for cars. “In light of the slow order intake but a large backlog of work, the industrial upswing should continue as the squeeze loosens,” it said in a statement, adding construction business is booming.

In the Netherlands, manufacturing production fell 0.9 percent in July, while Spanish output fell for a third time in four months. But there was better news from France, where production beat expectations by rising 0.7 percent. Separately, German labor costs rose 0.2 percent in the second quarter compared to the previous three months.

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Germany

The Birth Of Cultural Marxism

the daily stirrer
Karl Marx

Over the past week politicians, academics along with showbiz and media luvvies have been falling over themselves to celebrate the 150th Anniversay of Karl Marx. When we consider the misery inflicted on humanity by supporters of his ideology we really must ask why this stupid man is celebrated rather than being demonised.

Wherever the economic and social dogmas or Marxism have become part of a government program the results have been disastrous. Dissidents and free thinkers, members of religious groups and political opponents have been slaughtered while innocents have died by the million in famines and epidemics, they result of a politcal ideology that has no understanding of human nature causing the infrastucture to grind to a halt.

And yet people continue to advocate Marxism as a solution to the world’s problems, claiming: “It wasn’t done properly in the Soviet Union, Communist China, Castro’s Cuba, Cambodia under the Khmer Rouge, Vietnam, East Germany, Hungary, Poland etc. Do they mean I wonder, that for Marxism to work there needs to be more government control, more social engineering, more curtailment of civil rights and suppression of individual freedom.

Alestair McLeod of GoldMoney.com gives the sane view on Marx

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Corbyn’s Politically Correct Hypocrites Hate Sexism But Approve Of Muslim Sexism

On encountering my insense dislike of the Labour Party, people asume I am a Conservative. WRONG! I have never supported The Conservatives and have never voted either Conservative or Labour in my life. Politicians should never be trusted, I but what sets Labour politicians and activists above the rest in terms of being worthy of only contempt is the hypocrisy.Corbyn’s Politically Correct Hypocrites Hate Sexism But Approve Of Muslim Sexism

On encountering my insense dislike of the Labour Party, people asume I am a Conservative. WRONG! I have never supported The Conservatives and have never voted either Conservative or Labour in my life. Politicians should never be trusted, I but what sets Labour politicians and activists above the rest in terms of being worthy of only contempt is the hypocrisy.

Guess Which Political Grouping Wants To Legalise Incest and Necrophilia?

Has the headline sunk in. Yes it says there are people out there who want to legalise incest (brother /sister or parent / child sex) and necrophila (sex with dead people). Puzzled about who would want to legalise such repugnant things? I’ll give you a clue, they aren’t conservatives, libertarians or nationalists.

Politically Unbiased BBC Launches Left Wing Attack On Donald Trump For Illegal Immigrants Stance

The BBC, Britain’s publicly funded broadcaster is bound by a charter which commits it to be balanced and non partisan in its news reporting. Repeatedly however, the BBC, its management now doniated by left wing luvvies is becoming more and more blatantly left wing in its unbiased reporting

One in four Jeremy Corbyn supporters believe world is run by ‘secretive elite’

YouGov analysis of Labour supporters also finds most Mr Corbyn’s backers see America as the ‘greatest single threat to world peace’ in revealing research. And they call us conspiracy theorists …

Labour Leadeship Contest, Corbyn Comedy Caper

When Labour elected Ed Miliband as their leader in 2010 it was clear the party had a death wish. The ‘broad church’ Prime Minister Harold Wilson spoke of in the 1960s, the alliance of intellectuals and socially conservative industrial workers who made up the party’s core vote managed to coexist. Then came feminism, politically correct thinking, New Labour factions as the party started to tear itself apart. It looks as if we are in the endgame.

Ugly Marxist Lesbians Demand Right To Menstruate In Public

The story of the militant femists munter who ran a marathon on the first day of her ‘monthlies’ without using a tampon or sanitary towel (they’re a sexist symbol or the oppressive patriarchy donchakow) is not new. The London Marathon was run back in April and the story of Kiran Gandhi’s brave stance against male oppression (along with pitures of the dark stain speading across the croth of her leggings) was ignored by mainsteam and alternative media alike.

Home Secretary says Britain Will Outlaw Hate And Extremism

In yet another example of how out of touch with reality our leaders are, Theresa May announced on BBC Radio 4’s Today programme that the “British” government’s determination to make “hate,” “extremism” and “Neo-Nazism” illegal.

Multi-Cultural England: Are You Feeling The Progressive Diversity That’s Enriching Your Life
Visit some parts of most British cities with large immigrant populations and you will be hard pressed to recognize it, certainly my granparents would struggle to recognize the towns they knew. Appeasement of foreigners has destroyed the character of our communities but as usual the political left advise solving the problem by doing over again the things that caused it.

Labour Scourge Of Tax Avoiders Is A Tax Dodger? WTF is going on?

We have often made points about the hypocroisy of the left, particularly those lefties, but surely Margaret Hodge (nee Oppenheim – the diamond people) is the undisputed champ of left wing hypocrites. As a senior Labour MP Margaret was always eager to condemn tax avoidance. Unfortunately like most self righteous Labour millionaires she did not practice what she preached.

UK General Election, 2015: David Cameron Hugged A Hoodie but Nobody Wants To Hug A Tory.

So far, no matter what the political leaders do, the public are not responding to electioneering. The biggest losers from this disengagement with establishment politics are likely to be David Cameron’s Conservatives who ned a five point lead over Labour to be un with a chance. So are the polls being distorted by the UKIP effect or is something more significant going on?

Ed Miliband Sounds Like A ‘Public Schoolboy’ Says Traditional Labour Voter.

With two and a half months still to go until polling day, the election campaign is well and truly underway. Ed Miliband kicked off Labour’s effort with what could turn out to be his bigotgate monent, as he stopped only a nanometer short of telling an aircraft electrician that ordinary people were not intelligent enough to understand politics and should stick to talking about the soaps.

Anti UKIP media gives Kippers another boost

As far as UKIP is concerned, thE media seem to be following the old Joseph Goebells mantra of ” If you tell a lie big enough and keep repeating it, people will eventually come to believe it.”The problem is that they have forgotten there is a second part of the mantra which is “The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie …

U.N. Official Reveals Real Reason Behind Warming Scare

We said it was a scam, now a United Nations official has admitted the whole climate change scare was really about destroying capitalism. But what doo the elites plan to replace it with, A Corporaite Global Dictator ship in which the world is run by unelected bureaucrats selected from withing a small, elite class? Actually we predicted that as well.

Authoritarian tide of left wing politics

The left have been branded as idiots

Lack of diversity drives left wing hate

Left wing hate must not be allowed to stifle free speech

Pink Van Woman In Trouble Again

Labour Bullies Try To Stop UKIP Event

Persecution Of Ched Evans: When Was Being A Scumbag Made A Crime?

The hypocrisy of left wing extremism

Is politically correct extremism a psychosis

Is the left’s hatred of the fair skinned races racist?

Left wing bigots think they are immune to bigotry

The left do not have a monopoly on goodness and truth

The left like to forget that the Nazis were Socialists

Labour’s journey from extreme left to extreme right

The Cockfish And The Conspiracy Theorists

In Byzantium

How Prostitutes And Drug Pushers Are Driving Economic Recovery

Mark Steyn – IPCC Official Admits Global Warming Is A Lie To Redistribute Wealth Wake UP People!

If you needed any more evidence that the entire theory of manmade global warming was a scheme to redistribute wealth you got it Sunday when a leading member of the United Nations Intergovernmental Panel on Climate Change told a German news outlet, “[W]e redistribute de facto the world’s wealth by climate policy.”

Such was originally published by Germany’s NZZ Online Sunday, and reprinted in English by the Global Warming Policy Foundation today (we link to a much shorter summary in The Blaze):

(NZZ AM SONNTAG): The new thing about your proposal for a Global Deal is the stress on the importance of development policy for climate policy. Until now, many think of aid when they hear development policies.

(OTTMAR EDENHOFER, UN IPCC OFFICIAL): That will change immediately if global emission rights are distributed. If this happens, on a per capita basis, then Africa will be the big winner, and huge amounts of money will flow there. This will have enormous implications for development policy. And it will raise the question if these countries can deal responsibly with so much money at all.

(NZZ): That does not sound anymore like the climate policy that we know.

(EDENHOFER): Basically it’s a big mistake to discuss climate policy separately from the major themes of globalization. The climate summit in Cancun at the end of the month is not a climate conference, but one of the largest economic conferences since the Second World War. Why? Because we have 11,000 gigatons of carbon in the coal reserves in the soil under our feet – and we must emit only 400 gigatons in the atmosphere if we want to keep the 2-degree target. 11 000 to 400 – there is no getting around the fact that most of the fossil reserves must remain in the soil.

(NZZ): De facto, this means an expropriation of the countries with natural resources. This leads to a very different development from that which has been triggered by development policy.

See Mark Steyn video commentary – YouTube:

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After Brexit and Trump, As They Gather In Davos The Normally Arrogant Elite Are Crapping Themselves.

Later this week representative of the finance, corporate, political and academic elites will gather in Davos, Switzerland, as they do at this time every year for the World Economic Forum. In previous years the mood had been upbeat, these people were confident that as they ate $40 hot dogs, sipped $20 coffee and knobbed $1000 an hour prostitutes all paid for one way or another by us poor schleppers who work our arses off just to keep rooves over our heads and food on the table, that their chit chat and shady deals would shape the future of the world.

This year they are not quite so cocky, in fact they are shitting themselves as they struggling to answer the question ‘where did it all go wrong’ and cower in “silent fear” as they face a force they have not previously encountered – populism, the will of the people, or rather the refusal of the people to bow to authority, to automatically defer to the dick who is waving a degree certificate in ancient history and claiming it qualifies him to pontificate on how a modern business should be run. The irresistible might of the popular voice was first demonstrated by the “unexpected” Brexit vote and subsequently by the “shocking” election of Trump. As Moises Naim of the Carnegie Endowment for International Peace put it, “there is a consensus that something huge is going on, global and in many respects unprecedented. But we don’t know what the causes are, nor how to deal with it.”

Adding to the farcical nature of this year’s Davos shindig is that, while one of the main topics of discussion is “populism” and social and wealth inequality, overnight a new Oxfam study revealed that not only 8 people own the same amount of wealth as (the poorer) half of the world, but that since 2015, the richest 1% has owned more wealth than the rest of the planet. It is expected that many of the “eight people” highlighted by Oxfam will be present at Davos.

For all the pontificating of politicians, academics, religious leaders and media luvvies, in the decades since we started to hear the mantra that globalisation would make us all equal and propsperity, inequalities have grown exponentially and the gab between rich and poor has widened from a chasm until it is now an abyss.

One of the factors in the rise of populism and an acceptable type of nationalism is that trust in governments, companies, the media and the political establishment has evaporated almost completely as ballots from the United States to Britain to the Philippines have rocked political establishments and scandals hit business. Trust in the media itself, meant to be an objective and impartial observer of the Davos boondoggle, yet sadly captured, has likewise crashed to record lows across all age groups.

Thus the executives, bankers, professors and politicians present at the Forum find themselves in a totally unfamilar position. Some have made placatory noises about learning from past mistakes but it is not in their nature to admit mistakes let alone learn from them. They cannot bluff and bluster as they have in previous years when the difficult questions were raised. They know that nigel Farage or beppe Grillo, Marine Le Pen or Donald Trump, Geert Wilders or Bernie Sanders, Frauke Petry or Rodrigo Dutarte are going to keep on questioning.

As Bloomberg puts it, while “the top executives, financiers, academics and politicians making their way up the mountain to the World Economic Forum will be talking a lot about such non-establishment leaders as President-elect Donald Trump, France’s National Front chief Marine Le Pen and Italian populist Beppe Grillo of the Five Star Movement, they won’t be meeting them. Not one of the leaders bent on overturning the world order as Davos has designed it will be present.”

So much for Davos learning from its mistakes, or truly seeking to reach out to its sworn nemesis: those who have been elected because they represent everything Davos is not.

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Corporate Capitalism Has Replaced Democracy In Western Nations.
Although this is about the UK General Election in 2015 it has much wider relevance, concerning what is happening in the democratic societies of the developed nation. For that reason this look at how corporate capitalism is usurping democracy and individual freedom will also be relevant long after that election in May 2025.


Cultural Marxism Curriculum: The Frankfurt School

Western civilization at the present day is in a crisis different from anything that has been previously experienced. Other societies have changed their social or cultural values under the influence of external forces or by gradual development. But none, like our own, has ever consciously faced the prospect of a fundamental alteration of the beliefs and institutions on which the whole fabric of social life rests being imposed …

The Authoritarian Left And The Threat To Personal Liberty
Ian reflects on his political position, has he realy moved from near anarchist left to reactionary right on the political spectrum, or have authoritarians hijacked the language of liberal and libertarian philosophy and perverted it to serve a neo fascist, big government agenda?

The Mummers: The Controlling system And The Illusion Of Freedom
We live in a world of deception, where truth is an ephemeral thing, slippery as an eel and shadowy as a spectre. What we are expercted to perceive as reality is just spin and misinformation designed to ensure the elite maintain their control. There’s eff all you can do just get on with your life, say the shills for big government and authoritarianism. But are we really nothing more than slaves of the system?

Our New Unhappy Lords
The title, a line from a poem by G K Chesterton is explained in the article. Every year our new, unhappy lords meet at the World Economic Forum in Davos, Switzerland to plan the future of…

News From Davos: America Is Finished Global Governance And NWO To Rule
The World Economic Forum (or the junior Bilderberg Group as some call it) held their annual jolly conference at the exclusive Alpine resort of Davos-Klosters where it will cost you €20 (about$22) for a cup of coffee because the locals have to keep chavs out somehow. Two thousand five hundred politicians, celebrities, and business leaders from all over the world gather every year for this “Bilderberg style” meeting. The delegates include 53 people who own as much wealth as the poorest half of the world’s population and representatives of over 1,000 of the multinational corporate businesses

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Terry Pratchett’s Hydraulic Computer Wasn’t A Joke After All

In Terry Pratchett’s Discworld novel Making Money which is a satirical story of the creation of a fractional reserve banking system on the Discworld, the Wizards of the Unseen University* help to develop a water driven computer to model the economy of the city state of Ankh Morpork and predict future trends.

MONIAC – the water computer, now a museum piece (source)

 The computer is no more successful that the modern, digital supercomputers used by banks and governments but the book is very funny, it’s central character has the irresistible name of Moist Von Lipwig and while providing plenty of laughs it makes some very sound points about the flaws in the global financial system.

Now since reading the book I have thought the hydraulic computer was a creation of Terry Pratchett’s abundant imagination. I was wrong it seems, there was once, not all that long ago, a hydraulic financial modelling computer named MONIAC – Monetary National Income Analogue Computer. And it was no less successful (i.e. they’re all totally hopeless) at predicting economic trends than the supercomputers used by banks, government agencies and universities that failed to predict the 2008 financial crisis. I’ve linked an article from Zero Hedge below.

Water clocks are a kind of computer of course and have been around from pre Roman times. The earliest documented by contemporary witness accounts was the one in Alexandria, Egypt, in the reign of Nero (1st Cetury AD). There are several examples of medieval water clocks still telling the time in Germany, Netherlands, Belgium, Austria and The Czech Republic.

*you have to be sharp to pick up all Pratchett’s jokes, did you know for instance that Britain’s foremost scientific association, The Royal Society, was in former times nicknamed The Unseen College for the way it steered research.
from Zero Hedge

Presenting The 70 Year Old Hydraulic Computer Used By Central Planners To Visualize Economy

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What Would George Orwell Think Of The Screeching Left’s Horror At Plans To Shrink The State.
In part one of his classic social commentary, The Road To Wigan Pier, George Orwell wrote of the grinding poverty and appalling living conditions endured by people in industrial areas. The second part, which is more revevant to the 21st Century is a rant against the superiority of the upper class ‘Fabian’ socialists who have hijacked the Labour movement and …

America’s GDP Surges 4% in Quarter 2 – Jonathan Creek Shows How The Trick Is Done

Magic sleuth Jonathan CreekMagic sleuth Jonathan Creek exposes tricksters – economic sleuth Boggart Blog exposes statisticksters

This morning the US Bureau of Economic Analysis, an agency of the Commerce department revealed Q2 GDP statistics which blew made nonesense of estimates, showing year on year growth for the second quarter at 4.0%. This was explained as the result of a surge in Inventories and Fixed Investment, while exports added only 1.23% to the GDP number. The full breakdown by component is shown below.

The BEA noted, “The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency. The “second” estimate for the second quarter, based on more complete data, will be released on August 28, 2014.”

Hmmmm – several notes of caution there, and let’s not forget that the corresponding figure (the headline grabber) for the first quarter said GDP had grown by 1.6% for the quarter. This was later revised to -2.9% with the long cold winter (Warmageddonists please note) blamed for the contraction.

See a detailed breakdown of figures as the BEA web site.

What does this mean for the global economy? Nothing really, the economic recovery being puffed by Obama in the USA is as illusory as the one George Osborne is raving about in the UK. And don’t let any economically illiterate idiots tell you everything would be hunky dory if Labour were in power. Remember Osborne’s recovery illusion is employing the same trickery as the Brown Balls Boom of 2001 – 2007.

The real problem is that GDP, the statistic used by most governments as a measure of their economic success, is not a meaningful measure of economic performance. It only measures the amount of money churning through the economy. So ship in a million immigrants, give them £200 a week in benefits and you have grown the economy by £200million a week. Then if you fund that by raising £100million in taxes and borrowing £100million, you have ‘grown’ GPD by £400million a week.

Simples.

Do not trust a word government (of any political party) says. It is the responsibility of the electorate to hold the buggers to account.

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America’s Dumbest Move Yet: Hijacking A Foreign Bank

Has Quentin Tarentino been given a role in the US Government. Ten dark suited men strolled into the headquarters of FBME bank in Cyprus last Friday (18 July) afternoon and took it hostage. It must have looked like a scene from a Tarentino movie. And given the surrealism of how the east / west or to be precise USA / Russia conflict is escalating, maybe it was.

The Reservoir Dogs lookalikes were from the Central Bank of Cyprus (CBC). And they took control of FBME because an obscure agency within the US government recently issued a report accusing the bank of laundering money. On what grounds? You might well ask. It just so happens that FBME, and Cyprus in general, is where a lot of wealthy Russians hold their vast fortunes.

Bear in mind, there has been no proof that any crime was committed by FBME nor have reasonable grounds for suspicion been demonstrated. There was no court hearing. It wasn’t even the government of Cyprus who accused them of anything. No charges were read, no evidence produced ( although the men in suits might have said, “The American government says you’re guilty and we have to believe them because they’re not Russian,” as they did in connection with another of last week’s big news stories.

There was just a generic report penned by some bureaucrat 10,000 miles away.

Funny thing—when HSBC got caught red-handed laundering funds for a Mexican drug cartel last year, the US government gave them a slap on the wrist. HSBC got off with a fine.

Yet when the US government merely hints that FBME could be laundering money, the bank gets taken over at gunpoint.

Welcome to warfare in the 21st century. It’s not about battleships and ground troops anymore but bank accounts and bond yields.

How big an error is this compared with all Obama’s other recent fuckups such as Syria, Ukraine, Iraq, Afghanistan, Yemen and the rest. Massive. By terrorizing Russian interests, the Obama administration is begging the rest of the world to reconsider their misplaced trust in the United States.

All these foreign countries really have to do if they want to retaliate is start dumping their US Treasuries (which they are doing). Or simply stop letting the debt roll over when the notes mature. That will cause catastrophic consequences in the United States. Interest rates will soar, inflation will kick in, and the government will be even closer to default than it already is.

Inexplicably, Emperor Obama is practically begging the world to do this by reiterating his attitude filled pledge, “I was elected, I can do what I like.” It’s gobsmackingly arrogant. The US Republican’s response is tremendously stupid, they seem to think letting Obama screw up will make them popular. They will learn they world has not forgotten the Bush administration.

What Obama is doing is like the economic warfare equivalent of Napoleon and Hitler pompously throwing their already overstretched forces into a third front in Russia.

And neither Napoleon nor Obama gave the slightest consideration to the big picture consequences.

Here’s a funny thing about this story. My link to Yahoo News (above) is reliable enough but the original news report published in Cyprus News of Nicosia has been taken off line.