Showing posts with label Sovereign Debt. Show all posts
Showing posts with label Sovereign Debt. Show all posts

Sunday, 25 March 2012

George Osborne shows his Tory colours by lowering taxes for the rich

By Dark Politricks

So Boy George Osborne delivered his 2012 budget mid week and as he obviously reads my blog every day LOL he decided to implement nothing that I advised him to do in my own Dark Politricks 2012 Budget Guide.

No despite his obvious distaste for diverse discourse and alternative news I doubt Boy George has ever even heard of my site unless it has crossed his desk on some kind of watch list compiled by MI5 or some other Internet Snoop brigade.

He decided to cut the top rate of tax from 50% to 45%. Deciding that the rich are obviously having a hard time at the moment and need all the help they can get.

It must be hard in your brand new Range Rover delivering little Timmy and Charlotte to their private schools, after school Cello lessons. Suffering with their private health care and living on money most of us can only dream of with the thought of gold plated pensions to retire on whilst inflation rises constantly and the public services everyone else relies on gets worse and worse by the day.

I wouldn't begrudge anyone who can afford private health care but as someone who has spent more than my fair share of time in hospitals and doctors waiting rooms lately I can attest to the utter uselessness of our national health system.

It seems that even when you have Cancer only a letter of complaint will bring about the necessary phone call to tell you what's going on with your health treatment. I dread to think of how I would be treated if I couldn't write English and had the same problems.

But Georgey Boy didn't scrap the higher 50p tax band Labour had brought in, in their dying days as a last ditch attempt to placate their core supporters. Those same supporters who they had spent the last 13 years pissing off with their "greed is good" mantra that allowed the first run on a British Bank in living memory to occur with Northern Rock.

No instead he cut it in half as if that would be enough to keep the Lib Dem's happy as well as the rich donors who, as the Sunday Times today exposed today, are promised access to David Cameron's very own dinner table in return for dosh and campaign contributions.

I suppose every party must be funded somehow. Labour sold gongs and honours, the Tories chose to sell dinner seats with their grandees. The Lib Dem's probably only hold annual raffles at Gay Pride marches which I suppose is the reason they fail so miserably at each election.

This wasn't a budget for growth, and it has been remembered for the "granny tax" which although has pushed Labour's poll ratings through the roof has probably been blown out of proportion. This is not down to any logic but more to George's attempt to hide it as a "simplification" of the tax system.

Everything else in his budget had been leaked anyway so this was the one thing the papers leaped upon once it became clear he felt the elderly hadn't paid their fair share in these times of austerity.

We are all in this together, we are all in this together - keep saying it enough and you might just believe it to be true.

If it is true then it sure doesn't seem like it when the Tories are sending out the message that the richest few percent need to pay less not more tax.

Now this might piss off class warfare warriors and those who see any progressive tax code as a way of attacking ambition but if I was on £150,000 a year I wouldn't really mind paying a few grand extra a year.

I mean if I did earn that much I can guarantee that I would already have a good lawyer and accountant  busily hunting through our overly complex tax code looking for loopholes and ways to avoid paying tax. It is the way of the world apparently to avoid tax as long as you do it legally.

If we did want to bring in the bucks and attract business to our shores we would be simplifying the tax code but not just for the OAP's but for those who have the means to use those over-complications to their advantage i.e the rich. Let Vodafone & co pay their fair dues if they want to sell their Chinese made phones & other goods on our shores.

A simple tax code equals less room for people to escape paying. Simples.

If lower taxes for everybody helps bring in more dosh then I'm all for it so sort it out George. But we should be putting money in those peoples pockets who actually spend it in shops each weekend rather than give it back to those who have already conned the system and own offshore bank accounts. A nice rebate for every tax payer would get our high streets humming in no time.

We need to stop moving allowances up and down a few percentage points here and there and think big for once.

Use all those fine brains on the Economist and Financial Times to our advantage for once instead of allowing people to pay for the privilege to persuade our government what's best for them equals best for everybody.

Lobbying is not what is needed to get us out this mess. A proper budget for everybody is.

Monday, 2 January 2012

Dark Politricks Review of 2011 - What's ahead for 2012

By Dark Politricks

If you believe in all the ancient prophecies then next year 2012 is the year the Mayan Prophecy predicts some kind of major disaster or change for our planet.

Even if you don't believe in that prophecy 2012 looks like it's going to be another year full of war, protest and austerity measures as inflation rises, jobs are lost and taxes raised.

Elections are going to occur, how real they will be is another matter. Or if you live in Europe they might be abandoned completely so that "Eurocrat yes men" are given jobs as leaders of once democratic EU nations. Just so that they can do the bidding of the banks and globalists and ignore the wishes of their population which they are supposed to have their best interests at heart.

This is as Time magazine correctly put it the year of the protester.

From Tahrir Square, to Occupy Wall St, Occupy London and all the other various Occupy Camps around the world. From riots in London and Athens to resignations of Prime Ministers in Greece and Italy. From Spain to Yemen and farmers setting themselves on fire in India due there have been protests, staged revolts and enough western humanitarian assistance to kill a few hundred thousand innocent people.

The Republicans under George Bush were pretty blaze about their desire for control of Middle Eastern oil supplies, regime change, the implementation of democracy through war and destruction and then lucrative contracts to their friends to rebuilt afterwards.

However the democrats under a supposed teacher of constitutional law Barack Obama AKA Barry Soetoro  have been a lot more underhand in their methods.

Not only have they carried on the worst of the Bush excesses by keeping Guantanamo Bay open and continuing their special 4th class and totally free special rendition flights for suspected "terrorists" to hell holes around the world.

His administration has also broken all the promises Obama made during election about restoring America's standing in the world, stopping the destruction of freedoms that the terrorists supposedly hated us so much for and his desire to make a positive changes for the American people.

They have kept the terror threat at a maximum level allowing them to pass some of their own draconian legislation, the NDAA that puts even the PATRIOT ACT to shame in it's constitution destroying powers.

The National Defense Appropriation Act (NDAA) basically gives the President dictatorial powers which he has already used to kill American citizens overseas without arrest or trial and this law pushes the USA further away from the founding fathers dream of liberty to a place that many find too scary to think about.

Under the NDAA the POTUS can arrest and imprison any American indefinitely, either at home or overseas in one of their "special prisons", without access to an attorney or trial or and even allows for their torture.Whilst the Bush administration just kidnapped and tortured suspects the Obama administration just sends drones or hit squads in to kill them.

In this regards he has taken actions that liberals would have been outraged about if Republicans were in charge and pushed policy further to the right than even they could have dreamt of. Liberals and Conservatives should be outraged at both the Obama and Bush administrations disregard for the Bill of Rights and the rule of law.

Ron Paul calls it martial law. Many Americans agree. When the President can choose whether you live or die by a stroke of a pen with no legal recourse you are basically living in a dictatorship.

As the USA slips further towards it's own special blend of corporatism, fascism, nationalism and imperialistic dreams that are already bankrupting them they still cannot help meddling in the affairs of others.

Some claim the troubles in Syria and the ratcheting up of tough talk with Iran is just Israel once again pulling Americas strings in an election year to get what they want. Someone has to pay for all those expensive  election campaigns you know. Wouldn't it be great if anyone could stand for President without needing a few hundred million dollars backing them up and a lot of favours to repay if they win?

Others see the rise in war mongering with Iran as more of an excuse to not have to remove their forces from their multi million dollar bases in Iraq and Kuwait and instead build them up in preparedness for the rise of China and a resurgent Russia.The grand chessboard has been re-opened for a new game between a declining power and a rising one.

Whilst the USA secures it's oil supplies and business contracts with bullets, bombs and death China is too busy making friends and investing in any country with resources that it requires. Together with Brazil, Russia and India the BRIC countries are definitely on the rise and their economic growth will outstrip the USA and Europe before many had predicted.

Compare and contrast if you will and try and remember those days you were back at school.

Would you be friends with the school bully purely out of fear or make friends with the rich kid who helps you with your homework, buys your sweets off you at lunch time and doesn't throw a punch at anyone all term?

So we are getting geared up for another Iraqi style false propaganda onslaught by US media slaves who repeat whatever they are told by the White House and probably haven't got an honest journalist amongst them.

When a comedian like Jon Stewart offers more insight and logic into the world around us than any US congressman or Senator then something is seriously wrong with US politicians.

The Occupy Wall St protesters started out small and were ignored for time until those nice well meaning robocops in blue started getting filmed spraying pensioners and students in the face with pepper spray and battering aggressive students who had the audacity to link arms with each other.And I thought the motto was to protect and serve. Serve who exactly?

Nothing gets publicity like a good police brutality story or two and we have had more than a few this year.

Claims of meaningless demands and the usual piss taking from talking heads at FOX only made the Occupy protesters simple message stronger.

Since the crash of 2008 the 1% of people who own the majority of the wealth, money, land and stock have been doing very well indeed whilst the 99% are facing rising prices, job losses, benefit cuts, and future without hope.

The riots in London proved that when the kids think there is nothing worth working towards they will kick off. If only their aspirations went a bit higher than a new pair of trainers and included demands to see some of the banksters who ripped us all off be sent to prison.

Shouts of "we are the 99%" may make sense to the protesters in Wall St and St Pauls as they glare at those tall churches to capitalism that surround them, but for a lot of people they still don't get it.

In fact there are still a few delusional people who think that the current system of government and phony corporatist capitalism we're living under is still "the best" we can hope to achieve. They see the Occupy groups as socialists, communists and hippies looking for somewhere free to live and state handouts forever.

However it is sad when you actually realise that the cops battering the protesters from Oakland to New York, the dismissive news readers and even some of those city brokers who thought they were special as they wrote "we are the 1%" on the windows of their offices are themselves within that group that they dismiss so much.

They won't be saved when the shit goes down. When will that get through to them?

So the protests around the world was the main event but key figures such as Gaddfi, bin Laden (supposedly) and Kim Jong-il all died during the year of 2011.

Gaddafi died after a UN backed NATO air campaign that wan't even declared a war by the main player the USA. No need for Congress to vote on the matter, just shut up and look the other way please.Another case of US law being ignored and no-one doing anything about it on Capital Hill.

So after an air raid on a convey and a bedraggled Gaddafi was pulled from a drain by rebels. He was shot in the head by someone who disagreed with the commanders idea of actually obeying Geneva conventions, treating his injuries and then trying him in a court for all his crimes.And who said the rebels were just a rabble army of ex Gaddafi supporters, terrorists and people eager to shoot a gun for the first time.

So the war in Libya ended like it started with lies, war crimes and death and still the people haven't seen any real change in their lives and protests still occur daily around the country.

Then we had the mysterious case of the killing of bin Laden who had supposedly been hiding out in Abbottabad, right next to a Military College, in plain sight shall we say.The Pakistanis deny this but the USA relationship with their supposed ally is falling apart as fast as the number of Pakistani civilians and soldiers murdered "accidentally" by US drones.

The US obviously not wanting to let their Pakistani "allies" know about their plans carried out a night raid in which apparently the President and his chiefs of staff watched live - albeit with a 20 minute blackout that cut out all the good bits - or so we are told.

No photos were released to the public (too gruesome said Obama), even though all the SEAL team members had video cameras on their helmets so a photo before the kill shot could have been taken and shown as proof to the disbelievers.

Whilst Saddam Hussein was paraded in front of the cameras, tried and then hung on camera and even Gaddafi's final moments were allowed to be broadcast it seems the USA's number one enemy was allowed a more decent death. A death not seen by anyone in the public.

Then there is the sudden wish to obey Americas evil agent gone astray's religious rights by burying him in the middle of the sea like a Pirate being made to walk the plank.

So no-one has actually seen any actual evidence of this event occurring and the story is so full of anomalies it could make you believe those that say bin Laden died years ago from a natural death by kidney failure.

Some people even think this was just a show put on for the US public so Obama could finally say "we got him" and have an excuse for ending the war in Afghanistan.

Except we are still at war in the Stan.Why is that? Our reason for going there has now disappeared apparently and if we are there to fight drug production we are certainly not doing a very good job at it.

In fact most of the people we are at war with in Afghanistan have never even heard of bin Laden, 9.11 or the Twin Tower attacks.

They see us as just another foreign invader which they have been at war with (and winning) for the last few hundred years.They have defeated the British Empire multiple times, the Soviet Empire, many other ancient armies and by the looks of things the USA as well.

Then there are the anomalies surrounding bin Laden's death such as the crashed SEAL helicopter, the neighbours who said it wasn't bin Laden but some other well known local figure and then the later occurrence of a 20 members of the same SEAL team responsible for the Abbottabad attack being killed in action when a helicopter was downed in Afghanistan not too much later.

A clean up and shut up job maybe? Or just a freaky co-incidence.

Maybe a few of the SEAL team were feeling a bit guilty about their first "acting performance" having such a profound effect and knowing that in reality they did little more than shoot up a building in the middle of the night and kill some innocent people.

So now that the reason we went back into the dark ages, threw away all our freedoms and liberties, enacted draconian laws like the PATRIOT Act and NDAA, started a decade of war and pissed off half the people on the planet has gone then what exactly are we still doing?

On the one hand al-Qaeda are the cold war replacement enemy that will never die but on the other we help their allies out as we did in Libya and are supposedly doing now in Syria.They seem to be our enemy when it suits us but our ally as well as in Bosnia (the KLA), and Libya.

The head of the rebel army in Tripoli was actually an ex Gitmo detainee who we have provided arms to. What does that tell you?

Maybe that al-Qaeda are just useful brainwashed idiots that are used by their handlers to cause havoc in places we need to de-stabilise before we can come in on our white horses to reap the rewards of reconstruction contracts and oil supplies?

Or maybe that is just too much conspiracy theory and I have been listening to Sibel Edmonds, the most gagged woman in history,too much again. Someone who many influential people have called a very credible witness which is probably why she has been gagged so much.

It is clear certain people know the truth but 2011 has also been the year that the authorities have shown how they treat whistle blowers and assets who don't play ball.

Claims of sexual assault seem to be the best way of delegitimizing anyone who might want to speak up.Who knows if the ex IMF head Dominique Strauss-Kahn was going to speak out about the phony ponzi scheme our debt based currency system is built upon.

Then there is Julian Assange who hasn't been charged with any offence but who is stuck in an extradition battle with Sweden over sex allegations that involve two women who apparently willingly had sex with him. All they want to do is talk to him, and maybe send him to the USA for the secret grand jury that has been conveyed to see if he is a danger to the country. Expect a drone flying your way soon Julian!

So if you speak up you can expect to be shut up. That is if you're not already under a national security letter or sitting naked in a military cell somewhere being gently cajoled by having a free wash of their face as the GOP like to call water boarding.

So what will happen next year then?

Well if we don't all die from more nuclear power plant explosions, massive sun flares, and what looks like a planned war with Iran to drive the price of oil up even more then who knows.

I certainly wouldn't have predicted the "killing" of bin Laden or the war in Libya last year although the protests were clearly visible over the horizon as the economy got progressively worse.In 2012 they will definitely get worse and I expect to see at least a few more European cities afflicted by severe violence and maybe even leave the doomed Euro.

Maybe we will find out that Hitler is actually still alive hiding out in Argentina and an Israeli Mossad hit team will finally take him out - no photos of course.

Or maybe we will finally see how much Sweden is in the USA's pocket when Julian Assange finally gets extradited for a crime he hasn't even be charged for.

For god's sake if all they want to do is talk to him then why can't they just pick up the phone? Or is extradition the only way one country can interview a suspect residing in another country now? What happened to passing questions from one police service to another?

Then there is the financial doom we are all heading towards due to hubris and a desire for an ancient plan of European Statehood not to be derailed.

Even when whole European countries are literally living on handouts from the IMF, Merkozy will be holding regular meetings in Brussels to kick the ball further down the road so that the only obvious two answers to the problem don't have to be decided upon.

Either kill the Euro and go back to a common trading block or create a European Super State and give up all national sovereignty - something the people of Europe definitely don't want to do. Kicking the ball down the road is obviously the easy option.

So maybe we should be hoping that the Mayan prophecy is true as if things go to certain peoples plans we might all die anyway in a nuclear explosion, a rouge Iranian missile or a terrorist act in retaliation for the US / Israel starting their next desired war.

Who knows what will happen if the Mayans were right, maybe in comparison with what's happening at the moment it might seem like a change for the good anyway.

Wednesday, 21 December 2011

Did our PM David Cameron do the right thing for the UK?

By Dark Politricks

For those of you that have a worldview that exists outside your national boundaries (I'm talking to you USA), then you may have heard about a little thing called the European Sovereign Debt crisis. This is the huge financial mess that is moving once proud nations from democracies to mere subsidiaries of Frano/German power on an almost weekly basis.

For the UK, this is worrying to many people for many reasons. Not only are we not members of the Euro, and have no wish to be, but the move of power from nation states like Greece and Italy to Germany horrifies the Daily Mail crowd. The thought that Europe is going to end up being controlled by the same nation we fought two world wars against without a shot even being fired horrifies many people of an older generation.

For the younger generation the fact Germany is a powerful country is not so much a problem as the lack of democracy that is inherent in the European institutions that encroach on our daily lives more and more year by year. Whilst it is fair to say UKIP attracts an older fan base than other political parties their underlying message of UK sovereignty versus Brussels Diktats is one that resonates across generations. Anyone who believes in small government, democracy or having a say in how your own life is run has a lot to complain about when it comes to the European Union.

Forgetting that Germany is actually the only real industrial power making quality goods left in Europe, we should be concerned that this financial crisis is being used by Euro fanatics and bureaucrats to bring about their dream of a United States of Europe - something that has been attempted by many from the Roman Empire, Napolean, Hitler and now personality devoid bureaucrats like our "president" Herman Van Rompuy and his fellow pen pushing globalists.

When it comes to conquering the European continent it truly does seem that the pen is mightier than the sword.

So far we have seen two once proud nations, the originators of democracy i.e Greece, and the last successful rulers of the continent, Italy, fall to the plans of European dreamers along with the help of those dastardly Bond vigilantes under the weight of their sovereign debts.

The threat of unsustainable debt levels and high interest rates has seen their governments fall and their democratically elected leaders replaced with more pliable and "acceptable" leaders, much to the disgust of their nations people. Riots and protest marches are becoming daily occurrences all over this continent and will only occur more frequently the worse this mess gets.

So for the millionth time this year, European Prime Ministers, heads of state and top Eurocrats met once again to come up with yet another "final plan" to solve the crisis, calm the markets and keep their dream of a United European Super State on track.

This last sumit of Europeans leaders was meant to be the final drink in the last chance saloon and during the run up leaders of France and Germany, Sarkozy and Merkel (now branded and probably trademarked: Merkozy), were both declaring that there was only a few hours to "save the Euro".

Many people were hoping that they would fail for reasons other than financial instability it may cause in the short term and it seems David Cameron, the UK PM has delivered his backbencher Euro-sceptics desires on a silver platter by vetoing an EU-wide treaty change designed to tackle the euro-zone crisis.

He claimed changes to the much hated Lisbon Treaty that would have given up even more UK sovereignty to the EU was not in the countries best interests due to  due to it's tougher budget rules and a plan to implement a "Tobin tax" that would have affected the City of London unfairly.

David Cameron explained his reasoning:
"We were offered a treaty that didn't have proper safeguards for Britain, and I decided it was not right to sign that treaty," he told the BBC.

"We're still in the single market. That is the best safeguard of keeping markets open," he said.
Its main provisions include:
  • A cap of 0.5% of GDP on countries' annual structural deficits.
  • "automatic consequences" for countries whose public deficit exceeds 3% of GDP.
  • The tighter rules to be enshrined in countries' constitutions.
  • The EU's permanent bailout facility, the European Stability Mechanism (ESM), to be accelerated and brought into force in July 2012.
  • The adequacy of 500bn-euro (£427bn; $666bn) limit for the ESM to be reassessed.
  • Eurozone and other EU countries to provide up to 200bn euros to the International Monetary Fund (IMF) to help debt-stricken eurozone members
Being outside the Euro it is understandable that the UK does not want to join a fiscal union with nations using the Euro but a tax on financial transactions could have been a good solution if implemented world wide for many reasons.
  • Merkozy was right when they rebuffed Cameron's veto by claiming that the financial crisis they were trying to sort out was mainly caused by large financial institutions going crazy over leveraging their assets, engaging in automated trading and other forms of risky speculation and dubious financial behaviour. Merkozy's plans which included a form of a Tobin tax would help reduce the exact kind of risky transactions Cameron was trying to obtain an opt-out for the City of London.
  • The Tobin tax would go a long way to help fill the coffers of nations who are now suffering "austerity" measures due to the taxpayer bailing out these same financial institutions therefore it would placate many people who are currently outraged that the banksters have been able to bankrupt whole nations, place the burden of paying back the debts on taxpayers and who continue to pay themselves huge salaries and bonuses without seeming to realise or care that they have done anything wrong.
  • The large majority of financial trading is automated, computers trading with other computers and the practise of high frequency trading and front running legitimate trades has been a major source of concern for those who are aware of the practise.
  • A Tobin tax on these particular types of trades that were only held for a few seconds at most rather than all financial transactions would not hurt legitimate investments, pensions firms and other long term investors but it would help reduce the amount of risk that comes about from computers making trading decisions. As a programmer of automated systems  myself I know that any program can make erroneous mistakes if certain circumstances arise that a human would spot and many economic commentators have spoken about the huge drops in stock markets that occur every now and then that are blamed on trading systems following other computers once a trigger initiates a sell off.
  • The UK economy is too unbalanced and basically relies on financial services for a huge portion of its GDP and tax revenue. The coalition government was supposed to come up with a plan to help reduce this reliance on financial services and create a more balanced economy by increasing high tech industry, exporting more goods and increasing the size of the private sector in relation with to the public sector.
  • A tax on the very businesses that make our country the most money (which logically are also the same companies that can obviously afford to pay it as their recent profits and bonuses reveal) as well as being the same businesses that helped caused the mess we are in would go a long way to helping restore public trust in that part of our economy. It would also satisfy a growing public lust for some form of justice in the face of massive cuts to public services, tax rises, rising inflation and increasing unemployment and the sorry sight of not a single bankster going to jail!
Obviously at the moment our governments plan to re balance the economy has gone nowhere and the UK is still overly reliant on the City for revenue generation and in these regards it was probably wise for Cameron to put our own interests above those of the Euro members.

However much commentators have lamented his actions as destroying Britain's place in Europe at the decision making table  it was always going to happen sooner or later unless we joined the single currency.

No-one can expect a non member of a monetary union between multiple states to have an equal say over how that group of states is run and how close they work together. In the same way that closely integrated group of countries cannot expect to apply the same rules they obey to countries outside their common fiscal and monetary policies.

Cameron obviously believes in these difficult times it would hurt our stagnated economy more than help it by implementing extra taxes on the City of London and it would be politically unwise to agree to treaty changes that would trigger an in-party war over Europe, a possible breakup of the coalition and due to new laws a public referendum.

If the rest of Europe wishes to give up their national sovereignty to save a doomed currency then so be it but I doubt many citizens across Europe will be happy.

Little by little their national governments are becoming little more than talking shops and  real decisions about their economy and other key policy areas are now made by unelected bureaucrats in Brussels and Strasbourg with the Germans having the loudest voice.

As the BBC Editor Gavin Hewitt succinctly put it:
"For the European people, they are in a closer Europe than they ever voted for".
From this point of view David Cameron has pleased his Euro-sceptic back benches and many UK citizens who have never even had a chance to vote on their countries participation in a political pipe dream that was concocted during the ashes of the second world war designed to prevent Germany from ever again becoming the dominant power within Europe.

Whether or not Cameron and the UK go their own way, the other 26 members of the EU seem to be willing to sign up for closer economic and political union which will be done by multiple inter-country treaties due to Cameron's veto instead of a single EU treaty.

However countries such as Ireland which have already been enslaved by Euro debt relief have to put any European treaty to a referndum so there may be more countries standing with the UK than there currently are and the talk of the UK being isolated could just be a temporary situation.

More and more people are realising that the Euro is slowing crumbling and whilst a disorganised disintegration may cause immense distress and disruption the UK should be better placed than it's European partners to weather the storm that is undoubtedly brewing across the channel.