Do you smell it?
I do not think I do:
I really do. It rather stinks; it is going to be one of those storms described as perfect. Perfect because things are
starting to fall into place that we expected to eventually fall but not all at
once.
I could live with bad management, lousy and/or corrupt
managers being punished like it finally
seems
to happen with
RBS
and HBOS’ so called
former
bosses. Whether in the end any of those heroes will ever really get punished -
I doubt it. See the
Libor
scandal! What scandal you might ask? True: that law-breaking insolence is
dealt with behind those thick curtains that
protect today’s banksters’ offices from any light; just in case Deutsche Bank and
others set up
provisions,
some hundred million Euro, measurements in return reducing their tax load and buying them off. But, that
scam will end without further consequences except for them trying harder, next time.
That
Offshore
Leak might be a different story; for one there is not much about that in
British media, yet
* ; may be that is because there are many off-shore
paradises, money wise in this case, that speak English, some very close, and many are somehow related
to thee Queen, thee Commonwealth and thee City? Mind you, we are told it
involved 170 countries and 120.000 letterbox-companies. Mind boggling that
amount of data going back 30 years and as much as this needs to be dealt with
** –
I am afraid this could be a financial and social tsunami. What if the Queen and
the Camerons are part of this, or even Tony and George? What if Putin, Merkel,
Hollande and Berlusconi plus Sarkozy needed to be arrested and put into the
same jail cell? Well, guess somebody would notice and put Madame Merkel into
the female block.
Watch the suicide and emigrant lists of those 170 countries … and do not believe a minute that any criminal or immoral aspect of all this will be put into any bankster's basket; evil to him who evil thinks and while all banks offer sophisticated off-shore services it is the stupid customer that gets caught, eventually.
Emigration will not really help anybody to avoid that
global
currency
battle, now entering an unknown dimension with Japan going berserk. As a
measurement of last resort they are printing vast, vast, vast sums of money –
mind you, that’s hitting return after punching in 12 or 15 zeros behind a 1 or a two or actually any figure and that not only once but monthly from now on – fiat money the
easiest way, ever - to buy back their own crap; recycling, snow-balling, ponzi-ing? Government bonds and then dump them in a bin, or the worst bank, if that’s
the better name for it. That is
the most daring monetary experiment of modern
times as
The
Telegraph titled this flooding the market with YEN; the idea is to massively
devalue
the currency for exports (jobs!) to grow fast and furious, to force-inject
inflation into what is a deflating economy and hope for nobody else following
that pattern.
That’s hopeless, stupid! What BO and BSB do for the
greenback in the US, why Merkel insists on a EURO agitated by the PIIGS’ and french stress to keep it soft, DC and GO want to do in the
UK; strengthen UK exports by weakening the Pound or rather vice versa; woau! How much of that export strength is left? I
believe proper schooling, training, apprenticeships worth the title, dual
education plus on-going, extensive studies and education would do much
better! Want an example?
While discussing Passiv
Haus Standard during this year’s ecobuild seminars and the
installation of a MVHR, a mechanical ventilation system including heat
recovery, UK experts explained coram publico that this would make things too
complicated, too difficult a gadget for the average British tenant/owner to
cope with.
Sorry? Hellooow!? Such
a system includes a ventilator and a mechanical heat exchanger controlled by
three or four buttons to press – basta.
Frightening; and
insulting: why would the average middle-European be able to cope with that kind
of high tech while the British … ?
Or, this very likely is the early result of adding the word vitiosus to this circulus
of cuts and savings into schools, training, education? Next step will be to forbid knife and fork endangering the hungry!
Apropos weak: how much does a weak Pound buy? We import more
than 50% of our energy and, while you might like it cold, more than 50% of our
food! Do you like strict diets? This year we might even have to import much more, or do you see UK
potatoes growing with the coldest March on record?
Just for another
record: in general terms importing means we have to pay in a foreign currency
after swapping Pound into $, € or ¥ where, please note, the last stands for the
YEN but also for the YUAN!
China is
boosting
its defence spending by almost 11% - this year! Obviously China has the funds,
hardly any debts and something to prepare for or against? It is also growing
its
agriculture and
pumping a lot of money into
renewables.
Funny, isn’t it? We are cutting any incentives, we are discussing silly bedroom taxes for the poorest and
whether to install
Casinos
in Cyprus to save its economy, Merkel’s Euro and Schaeuble’s regime - while China
prepares for its future. They might not value human life as high as we are rumoured to do, but then...
Well -
the
Euro! Really, I wanted to avoid that criminal rubbish; it is still alive; rather,
it is not disconnected, yet, from life supporting but until lately utterly illegal
instruments such as bad banks, bail-outs and bail-ins, and the on-going … here we are again:
money printing.
A pity they cannot print jobs. Unemployment in the EU rates
are soaring, even the official ones, the ones that lack continuity and belief:
Spain 26.3%, Portugal 17.5% Italy 11.6%, Greece 26.4%;
that’s the overall one.
But our future even looks more difficult and much darker:
Spain 55.7%, Portugal
38.2%, Italy 37.8%, Greece 58.4%, France 26.2%; the official figures for
those between 18 and 24 years old. Official! And what kind of jobs does the rest have?
Low-paid ones, un-trained ones, picking tomatoes or serving beer to poor tourists? How many of them all have gone through any
decent apprenticeship and can base their lives on the founds of a sustainable
education?
Shows unemployment of the 18-24 in countries…
Please see Greece, Griechenland!
30% when it entered EURO-Casino!
You could call it the Euro’s unemployment bomb - until it explodes; no wonder DC
and GO think, why should they put any money and effort into a dying market of people needing
training and education?
Guess what, at least car sales show some sympathy:
Spain minus 13.9%, France minus 16.4%, Austria minus 19.9%,
Finland minus 58.6%, Germany minus 17.1, Netherlands minus 31.4, and in
addition Japan minus 16.7, Brazil minus 4.7%. So, really, how long can we be
happy and proud on headlines like
UK car
sale rise for 12th consecutive month? And what is the base of
this rise, how are they paid for, those cars, and how long do they or does this
last?
Is it a coincidence that VW is creating
new
jobs, outside the EU?
It becomes apparent that Mr Neo and Mrs. Lib have not only
allowed all those jobs to be exported to – mainly –
China;
any kind of job machine has been given up for nothing,
for free. This is the third time I add this video… I think it should now read 2020, not
2030:
My respect, China. Age must help in becoming wiser.
While Gobi Dessert is growing steadily, 28% of Chinese
landmass is dessert-like area, anyway, and China buying all kinds of land
worldwide, we are all in for increasingly bad weathers; if you thought that
cold lately would tell us Global Warming has had it then I would recommend to
come to senses and title the problem Climate
Change. And that’s what it is.
The rate of changes multiplied by the level of ignorance in
solving any of our problems is unbelievable; we are presented with scientific results by crowds of scientists
from all over the world, they describe the problems we face, we see and in many cases feel those; we do understand most of them but we are
unwilling or incapable of addressing and solving them; or, even worse, we wilfully ignore them all for all kinds of stupid, bad and criminal reasons; that makes it
easy for the storm to become that perfect storm.
I can smell it.
Carpe diem!
* … might be that they all need time; similar to
the big fish on Cyprus when Putin took two days to decide whether he would
support Cyprus or rather give his friends and soon-to-be-friends time to visit
those London branches of the Cyprus banks to sort out their accounts just in
time…
** ... we will see capital control mechanisms installed like we had them before 1985, no question.