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Friday, 23 June 2023

Russian Invasion Of Ukraine Coming To A Head?

Events of the past 24 hours suggest Putin is either about to back out of Ukraine or spark a war with NATO...

The Ukrainian President warned yesterday of intelligence that suggests the Russians are about to blow up the nuclear plant in Zaporizhzhia.

That prompted an immediate bipartisan effort in the US Congress to send Putin/Russia a clear statement that using a tactical nuclear weapon, or blowing up a nuclear powerplant, in Ukraine would cause harm to NATO countries, especially Poland, in the form of radiation; and that would trigger a NATO response under Article 5 of the treaty. 

Meanwhile, Prigozhin, oligarch and owner of the brutal Wagner mercenary group, suddenly reappears with a 30 minute monologue presenting Putin's assault on Ukraine as effectively a coup by local Russian military/authorities and oligarchs who've been plundering Eastern Ukraine since 2014 and triggered the 'special military operation' as a cover for further personal gain. That would certainly set up a basis for he and Putin to back Russia out of Ukraine and pin the whole disaster on those 'culprits'...

Worryingly, this is far worse than the Cuban Missile Crisis, since that stand-off involved ships with warheads nearing a port, while this involves some random Russian soldier with a hand on a detonator...

How this ends depends on who's really in charge and how insane they are.

Not encouraging, based on what we've seen the Russians do since February 2022! 


Thursday, 15 June 2023

The Tories' Love Affair With Boris Is Over... Isn't It?

The UK's Parliamentary Privileges Committee (a majority of which are Tories) has found that Boris Johnson so completely misled Parliament that they do not even want to allow him a former member's pass.

Of course, assuming Parliament votes to endorse the findings and the result, this won't be Johnson's first divorce.

And he quit as a Member of Parliament, anyway, so why does it matter?

Because, like the Terminator and his Orangutanian friend in the US, he'll be back. 

And he has plenty of people he hasn't fucked fans and flunkies lurking to support him despite years of fraudulent electoral promises designed to advance his own career. Sunak fears it too, hence the recent tug-of-war between he and Johnson over the release of ministers' and officials' WhatsApp messages from during the pandemic to Britain's Covid Inquiry; and the more recent round of 'dishonours' that the pair hastily agreed in advance of Johnson himself leaking the Privileges Committee report and resigning as an MP in high dudgeon, claiming that he had been hoisted by his own petard 'ousted'.

Good riddance to the man, I hear you say.

But, sadly, we'll be hearing a lot more from him, whether or not he ever slithers back into public office...


Saturday, 18 March 2023

Financial Crisis: Death By A Thousand Cuts

Speaking 10 years after the Global Financial Crisis of 2008, Hank Paulson worried that, while banks were not over-leveraged, governments had no room to stimulate growth because they were already spending and borrowing record at record rates and interest rates couldn't go any lower. Another 5 years on, and the era of cheap money is over, inflation has rocketed and suddenly there's a crisis of confidence in banks, not governments. What the hell happened? Well, it's the same old problem: greed and stupidity are winning, but this time it's everywhere, all at once. 

The result is a broader crisis in confidence - or the lack of it. No matter where investors turn unexpected holes are appearing. A string of crypto collapses culminating in the discovery of a vast fraud in FTX and the ensuing crypto-contagion that bled into the banking system via Silvergate; the SEC finally calling time on numerous unregistered crypto-securities programmes, again stressing real world investors and funding providers; the Truss-Kwarteng 'mini-budget' producing unaffordable mortgages and declining property prices amid flat-lining business investment and other trade problems in Brexit Britain, now the basket-case of the G7; Russia's invasion of Ukraine driving energy price explosion and rampant inflation, to which central banks have responded with rapid interest rate rises that in turn cut the market value of long term bonds held by banks with needy depositors, like SVB, First Republic and other lesser US banks that Trump exempted from proper scrutiny. And then there's the perennial doom-spiral that is Credit Suisse. 

Where will it end?

Who knows. Buckle up and try to enjoy the ride.

Monday, 6 March 2023

Behind Every Major Public or Political Decision Is A "Private" Message... Release Them All

From FauxFoxNews' 'coverage' of Trump's "stolen election" claims to a seemingly endless list of British government decisions to police officers' own misconduct, access to the participants' "private" messages has revealed gross dishonesty on issues of critical importance to the public they are supposed to serve. WhatsApp launched in 2009. Given the evidence of such outrageous abuses of public trust can be found on that service (and no doubt others launched since), it's vital that government ministers and senior public officials should be prepared to publish their private messages on such platforms.

Of course, those in public office may - and must - hold opinions, but they must also be genuine champions of truth and honesty. The mere fact of the revelations cited above underscores the point. So, too, the consequences of the rampant dishonesty that many public officers seem to privately share. Witness the attempted slaughter on Capitol Hill on January 6, 2021 or the degree to which Britain's care homes unwittingly became a killing zone during the pandemic or the extent to which the country's police prey on women and minorities. 

There's an endless list of issues in relation to which ministers and public officials seem to have been less than frank with the public and I will not list them here. But I'm willing to bet that sustained pressure to release their private messages during the periods when they were deliberating on those issues will, if they survive in public office at all, help deter dishonesty when it comes to their next important decision. 

Thursday, 12 January 2023

This Tory Gang Is A Repressive Regime, Exploiting Britain For Its Own Gain

The British government's recent attacks on public sector workers' pleas for fair pay and the right to strike have shocked only those who have not followed the plans of Boris Johnson and a cabal of Conservative Party members, donors and cronies...

Since early 2016, when Johnson and Gove hatched their Brexit plans at a dinner with the wealthy son of a Russian KGB officer, Britain's Conservative Party has been transformed into a vehicle for bending Britain to the will and benefit of a far right cabal under a false banner of 'liberty' and other lies. At stake is power and the ability to allocate vast amounts of public money to their plans, starving everyone else of wealth and power in the process. This is the very opposite of 'liberty' and 'democracy' and has most in common with Orban's regime in Hungary and Putin's regime in Russia. There is hope for ordinary Britons, just as far right experiments have been defeated for now in the US, Australia and Brazil. Yet ultra conservative forces continue to lurk even in those countries. 

The first step was to persuade the masses to decouple Britain from the world's largest trade bloc, not only the UK's biggest external market for goods, services, labour and capital, but also a source of trade rules and standards - many designed by Britain itself - to protect consumers and workers and ensure a level playing field among members of the bloc: all standing in the way of this Tory cabal and their plans. The inevitable blow to Britain's economy (while their hedge fund donors made billions) was key to weakening potential sources of resistance to their plans.

As soon as this gang had a public mandate for destruction, they were able to root out from their ranks anyone who stood in their way. The 2019 election saw the removal of all centrist Tory Members of Parliament who were not prepared to kow-tow to the Enterprise Research Group and a web of conservative 'stink' tanks

Once country and party were fully in their hands, Johnson and his gang were free to unlawfully award vast fortunes in contracts to cronies, break international asylum and trade laws, behave as they wished even in the grip of a pandemic while requiring others to follow their rules, threaten any source of resistance in the media; and begin their assault on workers rights (proposing laws only seen in Russia and Hungary), food and other product standards, financial constraints and other checks on greed and corruption, recklessly introducing legislation to rip-out any laws adopted from the EU by the end of 2023 without adequate assessment of the impact

That process is still playing out before our very eyes under the false flag of 'liberty' and libertarian ideals that are actually authoritarian in nature and designed to bend Britain's economy and people to the Tories' self-serving whims.

Make no mistake. Sunak and his crew are of the same stamp as Johnson and Gove (mostly the same people). And as Sunak's failure to rein in Johnson's own lucrative speaking tour while still an MP has perfectly demonstrated, they are all in government purely and simply for themselves.

Yet none of the alleged benefits of leaving the EU has ever surfaced. Only the downsides for everyone but the Tories and their donors and cronies. 

It's the biggest electoral fraud in Britain's history, and the most repressive regime this country has seen in modern times.


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