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Archive for July 11th, 2010

I am, it has to be said, delighted that the footer is…finally…. over. Well done Spain.  It will, help your economy and, thereby, mean that Germany doesn’t have to bail yet another country out…. well…. until we CUT our entire economy so ruthlessly Osbore finds it a bit puzzling as to why there are lower tax receipts.

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After my decision to resign my seat in the Lords, following an entirely misguided change in the law (no doubt introduced by sundry tree huggers and hand wringers in the Lib-Dem part of the new government) I am no longer able to play my part, nay divine right, in governing unless if I pay United Kingdom taxes.  Democracy is a curious concept enabling a large number of people who have absolutely no idea what is going on – many do not even read newspapers, let alone party manifestos – to have a say in who governs this country at general elections.  I suspect that AV or worse, PR, will make the situation worse.  Many people in the far reaches of the United Kingdom have only just mastered the idea that one puts an ‘X’ in the box adjacent to the candidate of choice to cast one’s vote.  How these people will manage with anything more complex is anyone’s guess. But there you are.  I digress.

Charon has been kind enough to make space on his blawg from time to time to allow me to report on my views as to the The State of the Nation. For this I am grateful.    Let me say at once that I am preparing an action under the Human Rights Act claiming that  exiling those of us who wish to spend more time with our money is a ‘cruel and unusual punishment’. Not  mentioning names, of course, but some of my fellow British tax avoiders out here really are beyond the pale and some look as if they would be more comfortable being fugitives from justice in Marbella or some other chavved up part of sunny Spain.  But, noblesse oblige:  I bear my trials, vicissitudes and tribulations in the manner of a stoic.

Governance is a very serious matter so it gives me great pleasure to readA Kent MP has apologised for being drunk in the House of Commons and missing a vote on the Budget”. Mark Reckless said he did not feel it was appropriate to take part in the vote in the early hours of Wednesday because of the amount he had drunk, according to the BBC.  For the life of me I just cannot see why inebriation, be it Reckless’s,  reckless or intentional, extreme or mild, should be a bar to exercising one’s vision and wisdom as a decision in a vote.   I shall be writing to Mr Reckless later to tell him to ‘man up’ and not make such foolish statements to the BBC again about never drinking again at Westminster.

I turn now to the matter of Sado-Masochism – or Le Vice Anglais as we call it down here in Monaco. Nick Cohen, writing in the Observer today, tells us we are all having a good flogging with all these cuts and seem to be enjoying it.  Popular mythology suggests, of course, following the antics of Germanophile Max Mosley, that the English tend to prefer the ‘M’ part of S&M.  Well, I can tell you that when I was at a well known public school, our head master Dr James ‘Flogger’ Chenevix-Sade, was rather more interested in the ‘S’ part.  Nick Cohen, once one wades through the salacious (and thereby interesting) bits of his article,  was suggesting that we are all going through a period of collective masochism and are actually looking forward to a bit of austerity and stern governance.

This is, of course, complete nonsense.  The truth of the matter is that many people, bewildered by our chaps failing miserably at the World Cup, distracted by failure at Wimbledon, the activities of Mr Moat and Mr Gazza pitching up with chicken McNuggets and lager at the most serious manhunt in recent history have not really had time to take in the fact that the proposed 25-40% cuts, the budget and rise in VAT to 20% will actually be rather difficult for many.  The sunshine and the complete lack of a Labour Opposition has allowed the new Coalition to escape real criticism.  The political bloggers and pundits are biding their time.  When the Labour Party finish “Around the houses in Eighty days’ and actually elect a leader and the summer sun turns to Autumn rain which in turn to a winter of discontent as the VAT hits – it will be an entirely different landscape.

May I commend to you –

Secret diary of a civil servant: my life amid the cuts and chaos of Whitehall

Writing anonymously, a senior civil servant offers this savage critique of how the service is being targeted by government cuts – and issues a stark warning about the devastating impact they will have on our society, politics and economy  (Observer)

Anyway – we may not have to worry about any of this. Charon forwarded to me an email link he received from @Ianpj [Ian Parker-Joseph, formerly Leader of The Libertarian Party  UK – a collection of political cats impossible to herd.  Ian also blogs] Charon, in his usual laconic style, replied to Mr Parker-Joseph thanking him for the emailed article link and suggested that Ian book his summer holiday now before the world ends in a few months time.

There is a news blackout in force in relation to the Gulf of Mexico oil spill.  There may well be a good reason for this if this article is to be given any credence.

Doomsday: How BP Gulf disaster may have triggered a ‘world-killing’ event

Helium reports: Ominous reports are leaking past the BP Gulf salvage operation news blackout that the disaster unfolding in the Gulf of Mexico may be about to reach biblical proportions.

251 million years ago a mammoth undersea methane bubble caused massive explosions, poisoned the atmosphere and destroyed more than 96 percent of all life on Earth. [1] Experts agree that what is known as the Permian extinction event was the greatest mass extinction event in the history of the world. [2]. the planet when they explosively blew from deep beneath the waters of what is today called the Gulf of Mexico.

Now, worried scientists are increasingly concerned the same series of catastrophic events that led to worldwide death back then may be happening again-and no known technology can stop it. The bottom line: BP’s Deepwater Horizon drilling operation may have triggered an irreversible, cascading geological Apocalypse that will culminate with the first mass extinction of life on Earth in many millions of years.

Well, I won’t spoil the pleasure for you in reading of our imminent Departure through Gate 21 – but basically, we are fucked and it is all BP’s fault. That should do wonders for their share price.  If you do believe this – enjoy your last few moments on Earth.  If you don’t believe it, keep an eye on the BP share price and go long when the price hits the bottom.  I think we may well have more to worry about than oil spills once the government cuts start to bite and it would not surprise me at all if the government is in fact getting it wrong – despite many years to prepare.  We could be tipped back into recession.  Only time will tell.  Fortunately, I am in Monaco, and have put a lot of my newly acquired gold into an old  war bunker in the Swiss Alps which has been renovated so those of us who are rich can keep hold of our money in a terrorist and nuclear proof facility and emerge with lots more when the Euro goes tits up and things settle down.

I shall write again soon.  In the meantime, as we say down here, ‘If you have to ask, you can’t afford it’.  As the very best banks are now saying to customers.  Don’t ask for credit.  A refusal often offends.

Best

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