Labour planned to privatise 40% of NHS as Hypocrite Corbyn accuses Johnson of selling off the health service

Labour planned to privatise 40% of NHS as Corbyn takes aim at Johnson


Corbyn’s scaremongering preaches to the converted (Picture: Google)

One quickly tires of Labour Party candidates and their Jew – hating supporters claiming, every time an election is in the offinge, the “The Wicked Conservatiovs plan to sell the NHS to private enterprise. They’ve been at it again throughout the current election cycle, and of course there is no more truth in the claims than there ever was before. But the lefties, as they glefully point at any conservatives whose heads appears over the parapet, “Witches, burn them,” that the Labour government, between 1997 and 2010 under the traitor and war criminal Tony Blair privatised much of the NHS. (Our local super-hospital where my wife was recently murdered by bureaucratic institutionalised incompetence was built by one of Blair’s Private Public Finance initiatives and is now owned by a subsidiary of HSBC, making it, perhaps, an NHSBC hospital.

So those leftie claims that the “evil conservatives” planned to sell off our ‘precious NHS’ qyickly start to look rather empty. And that is before we have considered the detail of Labour’s plans for the NHS.

Labour leader Jeremy Corbyn made the repeated accusation that Boris Johnson’s government, if re-elected with a majority in parliament, will see the NHS to American healthcare companies as part of a free trade deal informally discussed between Johnson and US President Donald Trump. Corbyn and his Stalinist bagman John McDonnell, along with other party figures and left leaning joursnlists in mainstream media continue to repeat this in spite of both men offering assurances that the NHS was not “for sale” and the document Corbyn and his cronies claimed revealled a secret deal containing no evidence that any such deal had been discussed.

Corbyn’s attempts to expose his imaginary Anglo – American conspiracy by producing a 451-page document “proving the NHS is for sale” during a press conference on November 27 were debunked when it was revealed that the NHS was only mentioned four times, with US officials only once asking about the UK position on our ‘health insurance’ system”. The other times the UK Health Servive was mentioned were all in the context of allowing US pharmaceutical companies access to the NHS for their products.

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Despite this, the stunt has caused quite a storm, but it can be revealed how Labour were actually the first to float the idea of privatising health services in the UK.

Tony Blair took office in 1997, with the promise of removing “internal markets” in the NHS – the idea that Health Authorities ceased to run their hospitals, but “purchased” care from their own or other authorities hospitals.

However, during his second term, Mr Blair announced his administrations intention to strengthen links with the private sector as part of his plan to “modernise” the NHS. Driving Labour’s planned reforms were factors including the rising costs of medical technology and medicines, the desire to increase standards and “patient choice”, an ageing population, and a desire to control government expenditure.

It was these plans, now more than ten years old, that Corbyn referred to in his docdgy dossier on plans to sell the NHS.


Picture: Daily Expres

Corbyn’s stunt caused a storm in an eggcup on social media as the usual suspects jumped on the bandwagon to accuse Boris and his party of planning to sell the NHS, but it is widely known that Labour were actually the first to float the idea of privatising health services in the UK, although Margaret Thatcher’s conservative government in the 1980s introduced the idea of an internal market (whatever that means’) to the NHS and also encouraged the outsourceing of certain services such as janitorial duties and waste disposal.

A Labour government under Tony Blair took office in 1997, and quickly introduced the concept of PFI, Private Finance Initiativs (also termed Private – Public partnerships,) the idea that Health Authorities ceased to own their hospitals, but hired them from private companies as a managed facility. Many left wing commentators were horrified and dismissed the idea as a ‘licence to print money’ for the private half of the partnerhip.

In 2006, Blair welcomed 11 private healthcare providers, including private health insurance firm Bupa, into this “NHS family,” in a bid to drive up the quality of services provided. Blair made his and Labour’s intentions clear in 2006 when he said “By 2008 we could have as much as 40 perrcent of acute operations done in the private sector being done under the NHS banner.”

The network’s spokesman, Mark Smith, admitted the changing healthcare market meant the independent sector was increasingly looking to the NHS for business. He said some companies had “specific targets for a large number of patients to be NHS patients in the future because undoubtedly things are changing. Wherever people are treated – in a traditional hospital, an independent hospital, a new treatment centre or in the community – it is the protection afforded to them of tax-funded healthcare, according to need and not ability to pay, which makes them NHS patients.

Nice try at wrigging out of Labour’s committment to privatising the NHS but between 2004 and 2014, demand for NHS services increased rapidly and hospital admissions increased by 32 percent, outpatient attendances by 17 percent, primary care consultations by 25 percent and community care activity by 14 percent. The only way the massive, clumsy, centralised bureaucracy that runs service could cope was by outsourcing more work. Research carried out on behalf of the GMB trade union, which represents many NHS workers, shows 15billion of health service contracts have been handed to private companies since 2015. And yet the service is still failing to cope with increased demand.

So far in 2019 £3.3billion, or 63 percent, of contracts have been given to organisations in the private sector. So though Labour Party spokespersons have not admitted as much in public, these figures prove that their manifesto committments to increase spending on health must include further outsourcing of work to the private sector. Far too much of what the organisation does has already been handed to the private sector for the position to be reversed. So Blair’s plan to put more work out to the private sector, carried on by the Conservative . Liberal Democrat coalition from 2010 and by the Conservatives from 2015 is still in place. And it has to be said that the NHS, in permanent crisis now, would have collapsed without it.

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How Much Does The UK Actually Send To The EU

Big kerfuffle this week over Conservative Party leadership contender Boris Johnson facing a court hearing over his claim, made during the EU Referendim campaign, that Britain sends £350million a week to Brussels. Originally the Rabid Remainers tried to claim somebody in the Leave campaign (they weren’t quite sure if it was Boris, Nigel Farahe, Jacob Rees – Mogg, Michael Gove or somebody else and didn’t really care,) had said all of the money would go to the NHS. Nobody had actually said it of course but such is the solipsism of the globalist camp that if they want something to be true, they can easily convince themseles it is true.

The claim is in fact true but misleading. If the amount paid into the EU budget is taken, then it is close to £350million a week. Our net contribution (i.e. after the amount paid by the EU to fund various EU supported projects means the net amount we contribute to the EU is somewhat less. However that £350million is not the full story:

from The Bruges Group

The true cost to Britain being a part of the European Union is close to £661 million per week since 2010, a number hidden from the British taxpayers due to an intricate payments system and largely ignored by the mainstream media.

Our estimated figure encompasses £80billion lost to the Treasury after the European Court of Justice forced tax rebates to multinationals.

A key area of controversy is on the rebate, an annual, purported “reduction” in United Kingdom’s contribution to the EU budget that’s equal to about 66% of the difference between what the UK contributes to the EU budget and its receipts from the EU.

Even after the rebate, in membership fees alone, Britain shelled out £70.6 billion since 2010.

Data derived from a briefing paper on “The UK’s contribution to the EU Budget” indicates Britain contributed between £8-10 billion per year. The same report acknowledged “the UK made the second largest net contribution to the EU budget in absolute terms, and the third largest net contribution per head of population” in 2015.

If the EU exceeds its budget, as it did in the fiscal year 2014-2015, UK is responsible for footing the difference. We did that year in the amount of £1.7 billion, as reported by the Daily Mail.

The EU demanded the amount after recalculating the income of member states dating back almost 20 years, penalizing the British economy that was found to be larger than previously determined. The article detailed Britain “paid the amount due” in full with two instalments not subject to rebates.

Parliament has no control over these payments since Britain is part of the EU and civil servants are legally obliged to pay these costs. Britain is increasingly relied upon as a financial support structure for Eurozone countries facing serious financial difficulty or at risk of defaulting on their debt

oblications.

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EU’s Top Eurofederalist admits EU wants an empire
The leader of the Alliance of Liberals and Democrats in Europe (ALDE)
told CNN that plans to reform the EU and devolve power from Brussels back to the nation-state proposed by the populist paries that have spring up in member states, and led by Matteo Salvin’s Lega (League) in Italy, Marine le Pen and her Rassemblement National in France and Hungary’s Victor Orban, leader of the Fidesz party would mean that the bloc “will die inside.”

Little Donny Tusk The Polish Has-Been Tells Britain How To Vote.


Donald Tusk, who is the President of the European Council and was the centre-right Europhile Prime Minister of Poland from 2007 to 2014 made the remarks in support of his former Deputy Prime Minister, Anglo-Pole Jan-Vincent Rostowski who is standing as a Change UK candidate in London for Thursday’s election.


bYellow Vest Violence Erupts Again, 23rd Straight week Of Protests

Clashes between Gilets Jaunes (Yellow Vest) protesters and French riot police on Sturday (20 April,)during the 23rd straight week of protests across France. Police arrested 137 protesters Euro News reports.

Brexit Is Now About More Than Leaving The EU

Until now we have not posted anything in the past few days on Brexit. Our position is well know to our readers, let’s face it, the saturation coverage left nothing new to be said. The whole thing is a craptangle, but it was obvious from when the Conservative Party engineered a situation in which Theresa May was left as the only candidate for the leadership that there could be no other outcome.

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation
Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Nigel Farage Swipes Back At Irrational, Screeching, Crazy Clinton
US Democratic Party presidential candidate Hillary Clinton launched a hysterical, irrational attack, filled with half truths and blatant lies, against the most prominent figure in the campaign to get Britain out of the EU (Brexit), UK Independence Party leader Nigel Farage, during a speech at a rally today. Mrs Clinton, responding to Farage’s address to a large and enthusiastic audience at a Donald Trump rally, may have been rattled at the prospect of having such a hihly effective campaigner in the rival camp …

Rebellion Against EU Authoritarianism Escalates As 8th Member Nation Threatens Referendum
Brussels went too far, they crossed the line in moving from an economic union to a political pan – European political empire. In the end it was a race as to which member state would quit first, Britain, Natherlands, Denmark or Italy. In the event it is Britain.

Is Brexit A Harbinger Of Doom For The ‘Experts’
The Brexit vote, the decision by a democratic majority in Britain to leave the European Union has sent shockwaves around the world. Not only does the EU now face a tsunami of departures, the usurpation of democracy by ‘experts’ ( technocrats ) has been challenged and exposed as a sham.

BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members
Unless the testicularly deficient politicians stand up for their nations he only thing that will halt the European Union’s push beyond Europe’s geographical borders to incorporate Asian, middle eastern and north African nations is war. Power is addictive and the bean counters of Brussels have ambitions far beyond Europe.

The Hypocrisy and Snobbery Of The Remain Campaign And The Antidote

When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the ‘facts’ they post in support of their arguments.

The Labour Case For Brexit by Kate Hoey M.P.
After my short intro is a savage indictment by Brexit supporting Labour MP Kate Hoey of the way the Labour Party has abandoned the working class and is now trying to betray the party’s proud heritage and its roots in the industrial areas by taking Britain into an undemocratic, corporate controlled, capitalist friendly, elite dominated globalist control freak project.

Dutch Referendum This Week Shows why We Should Leave The EU.
Few of you were aware probably that there is an EU referendum vote in The Netherlands this week. As usual with anything negative about the EU barely a word has been printed in the topic in mainstream media and the silence from our notionally unbiased national broadcaster The Bolshevik Broadcasting Corporation (BBC) has been deafening.

French, Belgians, Dutch, Italians Follow Britain in Euroskepticism
Europeans want us British to lead them out of Europe. Don’t be fooled by project fear, the European Union (aka the Euronazi Federal Superstate) is falling apart. There will not be chaos if we leave, there will be chaos if we stay.

Head Of European Institute: Brexit ‘Better’ For Everyone
Brexit would be the best result of Britain’s in / out referendum for both Britain and the EU i a Belgian professor who heads up the European Institute at the London School of Economics (LSE) has said.

Johnson’s article lines up his reasons why Britain must exit on June 23rd. It’s time to be brave
OK, I know a lot of you think Boris is most accurately described by a word many people find offensive, but he’s put together a very good argument here on why we must leave the EU. Published in part here under ‘fair use’ terms and conditions, in the public interest …

FBI Is Investigating If Tesla Misstated Info About Model 3 Production

 

Tesla car crash – Elon Musk doesn’t do things by halves (picture: indianexpress.com)

Electric Vehicle maker Tesla, which released astounding Q3 figures yesterday, suggesting the company had turrned a $1billion plus loss in Q2 into a multi million surplus in the third quarter of this year (more on that a little further down the page,) looks to be courting more trouble from Stock Market regulators, and simultaneously tempring the FBI to get involved.

While we already know that following a statement by loony CEO Elon Musk to the effect that he was taking the public company private, a move that netted Musk millions as the value of his holding soared, but resulted in a regulatory investigation as Musk did not have the finance to carrry out the change,  a second SEC investigation is taking place in relation to Tesla’s Model 3 production, because Tesla overstated production figures after news was leaked that production was well short of the break – even target. This afternoon the Wall Street Journal dropped a bombshell  by revealing that a Department of Justice investigation into Model 3 production numbers was also not only was taking place, but was also intensifying.

According to the Wall Street Journal, the FBI is examining whether Tesla misstated information about production of its Model 3 dating back to early 2017. Action in the criminal investigation is reported to have intensified since Musk settled with the SEC last week.

The Journal also reports that the FBI has contacted former Tesla employees for testimony in the criminal case. Many former employees have received subpoenas and have been interviewed by the FBI.

Tesla shares quickly dropped almost $25 off highs on the news before bouncing after releasing its own response, stating it has only received a “voluntary request for documents” and not a subpoena. If people believe any statement from Tesla any more they deserve to lose their money.

Here’s what an experienced US market analyst had to say about those third quarter profits yesterday:

Analyst Erupts At Tesla: “They Used Every Trick From Every Fraud To Put Lipstick On Q3 Results”

by Adventures in Capitalism

On October 11, I noted that “…I have booked all of my Tesla (TSLAQ – USA) Jan 2019 250/175 put spreads after owning them for almost a year, at a reference price of $255 compared to a reference price of $320 when I first wrote about them. While I am certain that Tesla collapses in the near future, all evidence seems to show that they’ve used every trick from every financial fraud over the past 100 years to put lipstick on the Q3 financial results.” Modern day Ivar Kreuger has not disappointed.

Over the years, I have purposefully kept accounting and numbers to a minimum on this site—they’re “boring.” Besides, if you must use a fancy spreadsheet to prove a point, then your thesis isn’t very good to begin with. The numbers should fit onto a bar napkin after a full night of drinking. Unless, of course, you suspect fraud—in that case, numbers and financial ratios are everything. With that out of the way, let’s delve into the Q3 Tesla numbers.

Big picture, from Q2 to Q3, there was a sequential improvement in operating income of $1.038 billion, and they delivered 43,007 incremental cars. That’s $24,140 per incremental vehicle on a car that is retailing for as little as $49,000. No other auto OEM even comes close to that. Something simply doesn’t add up—so I went looking for it.

I get that when revenue grows, you get operating leverage. This can be seen where SG&A as a percentage of revenue declined for 4 sequential quarters (green). This is normal. You would expect with a huge increase in Q3 revenue, that there would be more operating leverage. Would you expect that SG&A drops 2.8% sequentially on a 70.5% increase in revenue (red)? That’s not how manufacturing companies work. The expense is obviously still there, we just don’t know where they hid it…

Meanwhile The Daily Telegraph was running a story about how lousy electric cars are when faced with real, open road driving conditions (they don’t like hills according to this road test, carried out in southern England. Imagine driving one round the Lake District, the north Pennines, Snowdonia or the Scottish Highlands.

Elon Musk, Tesla, Sued For Fraud Over Tweets, Going Private Transaction

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It’s not just Tesla cars that burn easily, Elon Musk’s credibility has gone up in flames too. (Picture source: https://electrek.co/ )

 

On Thursday (9 August), on the back of a dramatic move by Bullshitter – in Chief Elon Musk, who out of the blue Tweeted that he was taking his electric car / solar panels / space exploration company private, Tesla stocks initially spiked thanks to Musk’s claim that “funding was secured” for the massive buyback needed to take the company off the stock market, then slumped when it emerged that there had been no prior discussion with investors or members of the Tesla board. It quickly became clear that Musk had no funds secured and has already maxed out his company’s credit. Then somewhat more sinister rumours emerged anbout Musk’s motives and gossip in financial markets suggested Musk and Tesla may soon be sued by both traders who had taken short and long positions on the company when the dust finally settles.

To be short on a stock, in very simple terms, means traders have made forward contracts to sell at an agreed proce stock they do not own, in the expectation the market price will fall and the stock needed to cover the contract can be bought more cheaply than the contract price. A long position is simply making a forward contract to buy a stock at a fixed price, anticipating that by the contract date the prive will have risen above that, and the stock can be resold for a quick profit.

In news that emerged yesterday first half of this prediction came true when we learned buth short and long sellers of Tesla stock had filed actions against Tesla and Elon Musk alleging the Tesla CEO and anointed Messia of Silicon Valley tech fanboys had fraudulently engineered a scheme to squeeze short-sellers – something Musk has previously indicated he intended to do – through his shock announcement to take the electric car company private.

The lawsuits were filed three days after Musk’s shocking tweet in which he proposed a record $72 billion transaction that valued the company at $420 per share, and that “funding” had been “secured.” One day later, Bloomberg reported that the SEC had inquired from investment banks about whether this funding was indeed “secured”. the alternative would indicate an attempt by the CEO to launch a short squeeze by materially misrepresenting wishful thinking as reality.

Subsequently on Friday, Bloomberg (again) reported that Tesla’s Board of Directors had only begun canvassing investors and banks about funding of an MBO-type transaction, implicitly confirming that Musk may have misrepresented facts, opening up the company to legal action.

In one of the lawsuits, plaintiff Kalman Isaacs said Musk’s tweets were false and misleading, and together with Tesla’s failure to correct or retract them amounted to an “attack” designed to “completely decimate” short-sellers. The lawsuit filed by Isaacs, and a second one filed by William Chamberlain said Musk’s and Tesla’s conduct artificially inflated Tesla’s stock price and violated federal securities laws.

In the confusion following Musk’s tweet a rumour circulated that Musk had secured an agreement with the government of Saudi Arabia to fund the delisting transaction, but the Saudi Royal House quickly denied any interest in such a deal.

 

Has The Tech Backlash Begun

The world of high tech, Internet based businesses have had things all their own way as governments and regulators meekly stood aside while tech companies played fast and loose with users data, (not talking about the data gathered from our explorations of their sites or personal details we volunteer, but the practice of ‘data mining,’ scraping up personal details from our hard drives,) destroyed whole industries, turned the high streets of our towns and shopping centres of our cities into deserts, made “not-fit-for-purpose” an acceptable quality for goods on sale, and dehumanised the whole process of buying and of socialising.

It was inevitable there would be a backlash, not from business rivals, politicians sweetened by campaign contributions and fearful of being dubbed anti – progress or anti – science have let the tech industries get away with murder – literally in some cases. The resistance was always going to come from ‘we the punters’.

For almost two decades we have complied with exhortations to ’embrace change’ even when it was clear the change was not for the better, we have been pushed into shifting most of our financial business online, trusting financial details and our money to a notoriously insecure medium, we have been squeezed into buying from online retailers, knowing through mainstream media that ‘customer service’ was a completely alien concept to the bosses of these organisations, and we have accepted an increasingly impersonal world where increasingly our interfaces are with robots.

AND ALL THE TIME WE WERE ABLE TO SEE THIS BRAVE NEW WORLD WAS JUST NOT WORKING.

So it is encouraging that we are seeing headlines like:

What’s happening? Bernie Sanders Agrees With Trump: Amazon Has Too Much Power

Independent Vermont senator and 2016 presidential hopeful Bernie Sanders echoed President Donald Trump in expressing concern about retail giant Amazon. Sanders said that he felt Amazon had gotten too big on CNN’s “State of the Union” Sunday, and added that Amazon’s place in society should be examined.

“And I think this is, look, this is an issue that has got to be looked at. What we are seeing all over this country is the decline in retail. We’re seeing this incredibly large company getting involved in almost every area of commerce. And I think it is important to take a look at the power and influence that Amazon has,” said

Sanders.

After the backlash against Facebook over the past few weks for privacy abuses, and the backlash led by President Trump against Amazon, is there something bigger going on. Are these things connected? Yes, they probably are, but not in a way that either Trump or Sanders has clued in to. Someone who has, a for now lone voice, is Dave Stockman, a financial pundit who describes himself as a Washington insider turned iconoclast. Here’s what he wrote last week.

It is said that even a blind squirrel occasionally finds an acorn, and so it goes with The Donald. Banging on his Twitter keyboard in the morning darkness, he drilled Jeff Bezos a new one – or at least that’s what most people would call having their net worth lightened by about $2 billion:

“I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” You can’t get more accurate than that. Amazon is a monstrous predator enabled by the state, but Amazon’s outrageous postal subsidy – a $1.46 gift card from the USPS stabled on each box – isn’t the half of it.

The real crime here is that Amazon has been exempted from financial regulations, and the culprit is the central banks’ malignant regime of Bubble Finance. The latter has destroyed financial discipline entirely and turned the stock market into the greatest den of speculation in human history. That’s why Bezos can kill established businesses with impunity.

The casino allows him to run a pernicious business model based on “price to destroy”, rather than price for profit and a return on capital.Needless to say, under a regime of sound money and honest capital markets Amazon would be a far more benign economic creature. That’s because no real investors would value AMAZON’s money-loosing e-Commerce business at $540 billion – nor even a small fraction of that after 25-years of profitless growth.

The bubble economy that was forced into being by Barack Obama’s stupid and economically illiterate Quantitative Easing policy and ultra-low rates, which saw central banks buying up trillions in what used to be sound assets, corporate bonds, and allowing massive buybacks that allow companies to While stocks nominally trade at astronomical rates, but actual traded volumes are low. Buybacks allow companies to reward managers and senior staff with stock, and then buy back the shares they have paid in lieu of salary or bonus, thus avoiding tax and holding their own stock while running on borrowed money, escaping financial scrutiny. The system allows them to inflate stock market capitalisation and raise their ‘value’ to astronomical levels by inflating the value of shares and capital assets. The system enabled a company like Amazon to kill off its competition, which consists of many thousands of retailers, all the time running a balance sheet loss on paper.

These financial policies have allowed not just Amazon, which though Trumps favourite target currently, but many of the most ‘valuable’ tech companies to expand at an exponential rate without having to account to investors for absence of dividends and thus elbow their way into our lives in ways designed to seem beneficial to us at first, but in reality resulting in less variety, less competition, and thousands fewer jobs. For too long they were the darlings of the media and the stock markets; the creations of the brightest and best among us, according to ‘the narrative.’

For some of the creations of our tech Olympians it’s easier to see the inevitability of disaster than for others. Tesla, Uber, Airbnb are all struggling right now, but more will follow. What you may notice is that two of the three sell noting but ‘cool.’ Tesla also may pretend to be a real car company, but in reality they sell stocks to investors, basing their pitch on promises they cannot fulfill.

Even Apple may not be immune from the carnage even though they make and sell real things they make real things! Apple CEO Tim Cook may have sought to distance his company from the likes of Facebook on morals and ethics, he can’t deny that Apple sells a zillion phones to a large extent because everybody uses them not so much to look at Facebook and Alphabet, Uber and Air BNB apps because there are many cheaper pieces of kit out there that will do the job just as well. People buy Apple in order to be seen using Apple gadgets, so what Apple really sell is social kudos. If data ethics are the only problem Cook sees ahead, he’s in trouble.

Silicon Valley infighting shows that the industry does have an idea what is going wrong, in ways that should have already led to many more pronounced worries and investigations.

Mr. Cook, who has long sought to differentiate Apple on privacy matters, contrasted its focus on selling devices with Facebook and Google’s ad-based businesses that are built on user data. Asked what he would do if he were Facebook CEO Mark Zuckerberg, Mr. Cook replied: “I wouldn’t be in this situation.”

Facebook hasn’t responded specifically to criticisms, but the hostility of those who live in the same glass palaces has provoked adverse comments from its own former vice president of growth, Chamath Palihapitiya. “The short-term, dopamine-driven feedback loops that we have created are destroying how society works,” Mr. Palihapitiya said at a talk at Stanford University in November.

We can expect to hear much more in the same vein over the remainder of this year. Big Tech is changing the world in more ways than one. And spying on people Facebook-style is merely one of a long list of them. Facebook doesn’t build the devices people use to see what their friends had for breakfast, Apple does that, but it’s the way Apple sells those gadgets that makes it vulnerable. Moreover, Apple profits hugely from stock buybacks, the practice of rewarding senior staff with company stock which they can then sell back to the company, thus incurring a lowrer tax liability than income from salary, so it fits in Stockman’s bubble finance definition of Amazon, too.

The failure of politics to investigate, and act against Facebook style ‘dopamine – driven’ feedback loops which exploit a vulnerability in human psychology in order to maximally waste your time and sell you product after product that you never (knew you) wanted is bordering on criminal negligence. They all made the mistake of thinking they could get away with it forever. What was that somone once said about not being able to fool all the people all the time.

Neural Networks, Deep learning and Algorithms Will Never Develop Into True Artificial Intelligence.

IBM Lays Billion Dollar Bet On Artificial Intelligence System Called Watson: They’ll Lose
This publication has always been sceptical of the claims made by computer scientists that’the thinking computer is just around the corner’. The fact is pointy heads have been saying arificual intelligence would be with us in two or three years for the past forty years. And the old computer professional who owns the site says we are no nearer than when he wrote his fisrt program.

Nothing Good Has Come Of The InternetWhen a technophobe denounces the internet as anti – social, anti jobs, a force for dumbing down or a waste of time it can easily be dismissed but when the CEO of a major technology company like Sony saays nothing good has ever come of the internet we should perhaps listen..

The Robotification Of Human Society Is being Implemented

Are you ready to surrender your humanity to science, accept having computer chips implanted in your skull that will link your brain to the internet (via a Google server) and let your life be controlled by machines? That’s what The Controllers are planning for you …

Internet Access As A Human Right?A survey carried out by the BBC found a majority of people around the world believe internet access should be a basic human right. We suspect a bit of statistical rigging because the majority of people in the world live below the poverty line and probably have more urgent priorities than surfing the net.

Is The Internet Making Us All Stupid.The more gullible and wide eyed among academics like to burble ecstatically about how the internet has ushered in a new age of creativity. We have to wonder just how much time these self styled experts have spent surfing scial networking sites

Web Induced DementiaIn most civilised societies there are laws governing what outrageous claims advertisers can make for their products. This does not apply on the web it seems, where ‘revolutionary new world changing technology’ means ‘not fit for purpose’

Computer Cops Will Arrest You Before You Commit A Crime
Innocent until proved guilty has always been a basic principle of British and before the Union, English and Scottish justice. Since late in the ninth century when King Alfred signed into law the Liber Judicialis, the presumption of innocence has stood.Thinking of committing a crime was not punishable, only in George Orwell’s dystopian novel “1984” has Thought Crime ever been a punishable offence. Until now …

Is Technology Creating Physical and Psychological Hazards In The Digital Age?
Scientific research used to be the area of work that trailblazers, those with an unquenchable desire for new experience and a hyperactive sense of adventure wanted to be involved in. Now those who label themselves ‘scientists’ seem to have become the high priests of an ultra – conservative religion, determined at all costs to block progess that may lead to understanding that the dogmas of the past are just wrong

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?

Google’s Brave New World Of Artificial Intelligence – And The Destruction Humanity
Almost every day we hear scientists burbling about artificial intelligence and how very soon machines will be smarter than humans. As scientists are nowhere near as smart as humans its hard to see how science can build something smarter. The problem is of course we don’t understand what contsitutes intelligence – those who think academic qualifications are the only indicator are retards. So where will this madness to replace us with machines end?

Transhumanism – What The Elite And Their Science Whores Have Planned For You
Transhumanism, the creation of – or turning us into – part human, part machine cyborgs is generating a lot of discussion and a lot of spontaneous ejaculations in the scientific community as they contemplate having their brains replaced by a computer. There are no limits on the ambitions of scientists fantasies, they even envisage creating robots that can interbreed with us, but how much is realistic?

Don’t be Evil, Google Will Do It For You
Google have abandoned their “Don’t Be Evil motto. Good thing really, they are becoming more evil every day. The latest plans to integrate our brains with their servers may seem like a science fiction freaks wet dream, but these creepy nerds are serious …

Google wants to change the way you see the world
News Used To Be Important – Now It’s Just EntertainmentPeople talk about technology, mainly television, cellulat telephones and the internet having given us an unprecedented ability to communicate. But have they? OK, we can trade meaningless messages with strangers on the other side of the world, we can join the cacophony of social netwoks where everybody yells at once and nobody listens, or we can sit in isolation, shouting inmto the void. But none of those are communicating. Technology has actually inhibited communication. …

Google Evil Empire In New Privacy ViolationOnce again the neo-Nazi nerds at Google are in trouble for playing fast and loose with our privacy. Google have bypassed browser privacy setting to track our movements on the web, the bettrer to target us with ads for poxy shite no sane person would buy. What is it these arseholes find difficult to understand about the idea that in the real world or cyberspace same rules apply …

Google Has Comptely Forgotten ‘Don’t Be Evil’ As The World Domination Agend Gathers PaceAt last Google has been caught stealing information from a business rival rather than private induviduals. Will people now wise up to these scumsucking pirates of the internet search engine world.

Science Brings Doomsday Closer – scientists announced we are nearer to a global catastrophe than we were a year ago

A Chronicle Of Decay
Slaves Of The Machine

Facebook Scuicide

You Get What You Deserve.

Anti – Social Networking

Internet technology

Could Italy’s Banking Crisis Drag Down Mario Draghi?

The latest banking crisis in Italy risks focusing scrutiny on the leadership of both the Bank of Italy and Italy’s financial markets regulator Consob. The decision to give the central bank’s current Chairman Ignazio Visco a fresh six-year mandate despite his having presided over one of the worst banking crises in living memory (and as Italy usually has a banking crisis every two days, that’s an achievement, has started a tug-of-war between political parties and the president, who makes the ultimate decision on who to appoint as central bank chief.

The first to point the finger was Italy’s former premier Matteo Renzi, who, in an effort to distract from his own party’s part in the collapse of Monte dei Paschi di Siena (MPS) perhaps, called into question the supervisory role of both the Bank of Italy and Consob during Italy’s banking crisis.

Silvio Berlusconi, a key player in the center-right coalition whose party came out on top in recent elections in Sicily, was next to join the fray. “The Bank of Italy did not exercise the control that was expected of it,” he told reporters in Brussels in response to a pointed question about Visco.

As the controversy grows, it risks drawing the role of Visco’s predecessor, current ECB President Mario Draghi, into the spotlight. Many of the key events that helped pave the way to Italy’s current crisis took place during his mandate as governor of Italy’s central bank. And now the skeletons are beginning to crawl out of the closet.

It was recently revealed in a Milan court case that in 2010 Italy’s central bank, run by Draghi, knew that MPS’ management had papered over a loss of almost $500 million in 2010 and failed to report it. It’s not the magnitude of the loss that matters, but how it was done and who knew what and when. Bloomberg:

A 2010 report from the Bank of Italy … shows inspectors were aware that a 2008 trade struck with Deutsche Bank AG was the mirror image of an earlier deal Monte dei Paschi had with the German lender. The Italian bank was losing about €370 million ($431 million) on the earlier transaction, dubbed Santorini, as of December 2008. The new trade posted a gain of roughly the same amount and allowed losses to be spread out over a longer period, the document shows.

One of the main reasons was to hide the losses racked up from MPS’s purchase in late 2007 of Banca Antonveneta, a mid-sized Padova-based bank. This still-opaque deal is arguably the most important banking scandal in Italy of the last ten years, and it directly paved the way to the collapse of MPS.

In its quest for growth at any price, MPS paid €10 billion for Antonveneta, over 50% more than the €6.6 billion Spanish lender Banco Santander had paid just months prior as part of its joint acquisition (with Royal Bank Scotland and Belgian bank Fortis) of Dutch giant ABN Amro. Santander was happy to hold on to the Brazilian side of ABN Amro’s business while hastily disposing of the Italian “assets.”

For Monte dei Paschi it was an ill-timed disaster, just as the purchase of ABM Amro’s disparate other parts had been for Royal Bank of Scotland and Fortis, both of which would end up receiving taxpayer-funded bailouts to stay alive once the post-Lehman hangover hit Europe.

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Soros immigration scam

While Germany pursues its policy of replacing expensive German labour with cheap third woeld labour at act as fodder for its profit hungry factories, and the French government obediently follow their German masters while Britain stands aside, it is the poorer E U nations, led by Hungary, that have at last acted to stop the flood of unskilled, often illiterate refugees from third world nations flooding into EU nations

Sharia courts creating dual justice system in UK?

As if we did not have enough immigration problems to deal with as the inflow of illegal immigrants (or refugees and asylum seekers as our ruling elites insist on calling them) shows no sign of slowing.
from RT.uk:
Thousands Flood The Streets In Germany As Fury Over Refugee Sex Assaults Reaches Boiling Point

What mostly news reports in English speaking countries initially believed was isolated riot by newly arrived migrants in Cologne’s city center now appears not to have been confined to the German city but was a bloc-wide phenomenon as women in Austria, Switzerland, Finland, Sweden, Denmark, The Netherlands, Norway, France and other places have come forward to report being molested

Boat Migrants Landing in Italy ‘at a Pace Exceeding Anything We’ve Seen Before’

Canada Passes ‘Blasphemy’ Bill To Silence Critics Of Islam The International Organization for Migration (IOM) estimates 20,484 migrants have arrived in Europe by sea since the beginning of 2017, with numbers now averaging around 3000 per day and increasing as spring brings better weather. These numbers put Italian arrivals well ahead of the total for …

Italy’s Prime Minister Says Merkel Unilateral Initiative On Migrant Crisis Is Unacceptable
We have been reporting on the breakup of the EU for several years now. The immigrant crisis, the problems with the European Single currency system and its detrimental effect on the weaker economies among its twenty seven members, and the increasing encroachment of the Brussels bureaucracy on matters of national sovereignty are symptoms of a …

As Migrants Pour Into Italy ISIS Say: Overrun Europe with Immigrants and “Turn it into Hell’

Thousands of Africans every month are crowding onto flimsy boats like this one to make the three hundred mile journey from Libya to Sicily and the refuge of European territory*. (Image source – Malta Star) It is well reported that western intervention in Libya, for the purpose of overthrowing Gaddafi resulted in the North African …

Hungarian Government Minister Slams Down German Call To Show ‘Humanity’ To Illegals
A senior member of the Hungarian government accused a German Foreign Affairs minister of having lost his grip on reality after the German insisted that in order to stop further atrocities like the one in Paris, more open borders and less restrictions on movement were needed.German Federal Foreign Office minister of state Michael Roth yesterday insisted the Paris attacks showed Europe should move to integrate more fully …

Muslim Only No Go Areas For Police And Emergency Services In Our Cities? – It Already Happened In Sweden.
Sweden continues to lead the way in surrendering its nation, culture and self respect to exremist Muslim dickheads, reasoning that the violent rapists and murderers of the relion of peace will thank them rather than kill them all. but the people all over Europe are waking to the betrayal of their elites.
Hungary speeds up fence building as criticisms of its ‘no more migrants’ policy mount

With the criticisms from Austrian and German leaders still echoing through the strets of Prague, likening their treatment of undocumented travellers who are trying to enter the country illegally to Nazi holocaust deportations, the Hungarians have been rushing to finish their razor-wire fence along …
Mediterranean Immigrant Composite

The flow of undocumented migrants from Africa trying to cross the Mediterranean from the coast of Libya to Italian, Greek and Maltese territory seems unstoppable. Two factors in the problem however have been western (particlarly American meddling in the internal affairs of African states, and wester aid leading to a population explosion national infrastructures are unable to cope with. And of course European leaders haven’t a clue how to deal with the problem.
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The West Is Always To Blame For Africa’s TroublesIt seems to us that according to the the political left of European and north American nation, we in the west are responsible for all of Africa’s racial, economic and it was even the ‘evil white man’ who instigated tribal wars and genocides that took place before and parts of the continent was colonised. But excusing Africa’s endemic problems is a path to self destruction.

Europe’s Immigration Burden

Immigration Omnibus – posts on Immigration problems

How immigration his European hospitals and schools
Immigration boat people

Populist Authoritarianism

Broken Societies

Equal Rights Campaigners Not Christians Are Imposing Their Belief On Others

Europe Unglues – is the union coming apart

Champagne Socialists

Corruption is the root of the EU problems
European Union stealing members’ sovereignty

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation

Late on Friday (21/07/17), Congressional negotiators agreed to advance a cross – party bill that would punish Russia for its (alleged) interference in the 2016 election according to the Wall Street Journal. And while it seems improbable that President Trump would sign the bill if it reaches his desk, the loudest complaint about the bill to date has emerged not from the Oval Office, but from US allies in NATO and the European Union …

Fears Over Threat To Sovereignty Could Wreck EU European Army Plan

No they’re not Star Wars Imperial Stormtroopers, they are German soldiers assigned to an international peacekeeping force, showing how like Imperial Stormtroopers a pan European army might look (Image source)

Germany Threatens Sanctions Against Poland Over ‘Lack of Western Values’ (for Western read German)

Last year, Poland’s conservative nationalist Law and Justice party (PiS), led by former Prime Minister Jaroslaw Kaczynski, captured both the presidency and parliament at elections in May and November. Since taking office, the party’s lawmakers have used their parliamentary majority to initiate a series of controversial legal reforms, causing concerns both at home and abroad, specifically in Brussels and in Berlin.

Italeave or Quitaly? The EU Is Falling Apart

Italy: Too beautiful to be part of EU bureaucratic dictatorship (picture source) Since the shock of Britain voting for ‘Brexit’ just over a year ago this blog has been speculating on which EU nation to quit the former free trade association that is being driven by Germany and the globalist elites closer and closer to …


Europe’s Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure

… yesterday we observed a surprising development involving Deutsche Bank, namely the bank’s decision to quietly liquidate some of its shipping loans. Reuters reported, “Deutsche Bank is looking to sell at least $1 billion of shipping loans [a market sector] whose lenders face closer scrutiny from the European Central Bank.

BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members

The only thing that will halt the European Union in its tracks, stop the push beyond Europe’s geographical borders and prevent EU expansion to incorporate Asian, middle eastern and north African nations is war. Unless the testicularly deficient politicians stand up to the bean counters of Brussels. That’s what they are, bean counters; not one among them is a risk taker or a person who has advanced because of their willingness to put their arse on the line.

Quitaly Begins: Italy referendum: ‘People don’t trust establishment, want big changes’
The defeat of Italian Prime Minister Renzi’s in Sunday’s referendum on constitutional reform, though not a surprise in the way that Brexit and Donald Trump’s win in the US Presidential election, show that people are not happy with their government’s performance, don’t trust the elite and want more radical reforms, says Italian journalist, Marcello Foa. …

The Hypocrisy and Snobbery Of The Remain Campaign And The Antidote
When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the ‘facts’ they post in support of their arguments.

Adolf Hitler, His Part In Our Downfall

.pdf dowload

A thirty five thousand word book on the authoroitarian, undemocratic, bureaucratic dictatorship that is the European Union. Following the outburst of left wing hate politics following Boris Johnson’s reminder that the EU has its roots in Hitler’s Naziism, which as any intelligent person is aware is both true and very well documented. My blog colleagues and I decided to assemble this collection of our articles (with some long extracts quoted from public domain and creative commons sources) to help people misled by the REMAIN campaign into thinking the arguments are solely economic.

EU Vows To Use Powers To Block All Elected ‘Far Right’ Politicians From Power

… populist social conservatives are regularly topping the polls across the Europe, but have been victims of EU orchestrated stitch ups to keep them out of power and ddeny the democratic will, in France, Sweden, Holland, and now Austria – and anti-migrant populists are already in power in Hungary, Poland, and the Czech Republic. Mr. Junker’s definition of “far right” is somewhat broad, noted by him previously describing Hungary’s conservative president, Viktor Orbán, as a “fascist”.

EU Vows To Use Powers To Block All Elected ‘Far Right’ Politicians From Power

… populist social conservatives are regularly topping the polls across the Europe, but have been victims of EU orchestrated stitch ups to keep them out of power and ddeny the democratic will, in France, Sweden, Holland, and now Austria – and anti-migrant populists are already in power in Hungary, Poland, and the Czech Republic. Mr. Junker’s definition of “far right” is somewhat broad, noted by him previously describing Hungary’s conservative president, Viktor Orbán, as a “fascist”.

Italy’s Northern League To Launch EU Referendum Campaign Next</b>

Shortly after the final Brexit referendum result was announced, first the Freedom Party in The Netherlands and then Front National in France quickly declared they would proceed with demanding referenda on E U membership in their own nations. These were quickly followed by the head of Italy’s Northern League who saidaid “Now it’s our turn.’ …

The Labour Case For Brexit by Kate Hoey M.P.

After my short intro is a savage indictment by Brexit supporting Labour MP Kate Hoey of the way the Labour Party has abandoned the working class and is now trying to betray the party’s proud heritage and its roots in the industrial areas by taking Britain into an undemocratic, corporate controlled, capitalist friendly, elite dominated globalist control freak project.

EU’s Bureaucratic Dictatorship Is Losing The Support Of The Most Loyal Nations

When the unelected bureaucrats of the European Union Commission decided, without consulting member states, to comply with the wishes of the warmongering rent – boy in The White House and impose sanctions on Russia, after Vladimir Putin ordered the annexation of Crimea (to prevent the US backed neo – fascist government in Kiev carrying out a genocide of ethnic Russians in Crimea,) the idiotic goons were as usual duped into doing Washington’s dirty work.

Cameron’s Hopes For EU Membership Reforms For UK Torpedoed By Tusk

David Cameron’s hopes of winning serious concessions on sovereignty, border controls, contributions, trade agreements, human rights and labour laws so he could claim to have won a better deal for Britain by the time the in / out referendum starts next year European Union suffered an early blow when European Council President Donald Tusk warned that reaching a deal would be “very tough” …

EU tiring of confrontation with Putin.

Huge reversal: the EU seeks a normal relationship with Russia. It seems that the EU is being greatly affected by the actions of Vladimir Putin in Syria: suddenly the EU President Jean-Claude Junker is saying that the EU must not let the US dictate their relationship with Russia.

Disillusionment With EU Grows as Swedish Support Slumps By 30%

A new opinion poll carried out on support for the European Union in Sweden has produced some shock findings as a massive turnround among Swedish voters probably due to mass immigration and migrant related crime waves in cities. From being one of the most solidly pro-EU member states, Sweden now has a substantial majority against membership of the EU.

Fears Over Threat To Sovereignty Could Wreck EU European Army Plan

No they’re not Star Wars Imperial Stormtroopers, they are German soldiers assigned to an international peacekeeping force, showing how like Imperial Stormtroopers a pan European army might look (Image source)

Did The Bank Of England Just Admit Financial Markets Aren’t "Real"?

On a day that has seen global financial markets take a roller coaster ride, which is not the fault of greedy bankers but is the latest move in the currency war being fought between the USA led developed world and the eastern bloc and emerging powers led by Russia and China, we spotted a story that reveals the truth about ‘markets which is that they are all rigged and the eastern bloc are better tat playiong the system than the west..

The Bank of England has announced an “Open Forum” to be held on November 11, with the title: Building Real Markets for the Good of the People. No, I’m not making this up. Here’s a screenshot from the BOE website:

This might be good news for people with pensions and savings, but don’t depend on it – the corruption in the financial system is very deep. At best we can hope to see curbs on the algorithm driven high frequency trading that has served investment bankers and financial traders so well and the public so poorly.

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