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Tuesday 11 December 2018

Of All The Worlds... Hardly Brexit!

The Background To Today
A step towards "The best of all possible worlds" will be determined in the House of Parliament in Westminster, England on Tuesday 11th of December 2018 . The Members of Parliament (MPs), or the entire elected representative MPs of United Kingdom, vote on the 'Withdrawl Agreement' to date. Its importance is the direction of Europe; or at least as far it concerns Britain's membership within the construct of the cganging European Union - EU. 

The above quote in bold parenthese is by German Gottfried Leibniz about "the claim that the actual world is the best of all possible worlds is the central argument in Leibniz's theodicy, (or his attempt to solve the problem of evil)".

The people's referendum vote in 2016 was prounced by the media as significant and given a blended name "Brexit" (known as a portmanteau word) for "Britain Exit(s)".

Since that referendum and subsequent triggering of the formal Article 50 notification to leave the EU in March 2017, Parliament are now at a stage to vote on a framework for the transition period called the "Withdrawl Agreement". As negotiated by the incumbent Government: The Conservative Party lead by Prime Minister Theresa May. 

[STOP PRESS: Tomorrow's Parliamentary Vote Is Off]

The House of Commons Parliamentary vote on the draft Withdrawal Agreement was called off the day before. The reason cited was that the draft terms would have been rejected by the House, and thus delivering a humiliating defeat for the under-siege Goverment led by Mrs May. 

The formal notification via triggering Article 50 started the two-years countdown. In which to define UK's relationship with EU going forward as an non-member. Implying that Britain is supposed to leave the 28 member country union at the end of March 2019. Whatever version of Britain exiting the EU is delivered by the Government and the Parliament is still emphatically up-in-the-air!

Democracy Is Only An Illusion

The prescient message of this article is that democracy is only an illusion. The EU Referendum is the litmus-test case study for that assertion, as concerns the principals at Fund Portfolio Management - FPM. The principals actually collectively suggest "...Hardly Brexit!", as Britain's unresolved exit from the EU persists. FPM surmise that stalling and delay via Brexit process has two important ideological reasons:

Firstly, that the original 2016 people's referendum on the issue was a deliberate political mistake. Handing over a political decision on nationhood to its island-mentality citizens should could and would only have one outcome. Therefore, the entire political class know this unwitting act of democracy decided by former Conservative PM David Cameron, will probably lead to copy-cat requests in future political decisions. If it is not utterly quoshed and debased now as the historic example of democratic and Parliamentary failure. Thus potentially setting the scene for elimination of the political class entirely, as no longer fit for purpose. Which it CLEARLY IS by evidence of delivering Brexit.

So the British government and Parliament are complicit with all political classes in evidencing or showing #BrexitShambles or #BrexitChaos to demonstrate failure of democracy in complex decisions. 

Secondly, and more intuitively the EU is also party to this sham convoluted Brexit process. More often resulting in a "Punch and Judy" show on mainstrean media globally. The theatrics, more than likely intended to demonstrate the futility of other potential EU-member countries looking for the exit-doors again. A decoupling process with any political will on both sides, which could have been achieved quicker.

The Saga of Brexit

In June 2016 the British electorate were offered a referendum to vote on whether they wanted to be "IN" or "OUT" of the EU. After an acrimonious battle by campaigns representing both sides of the bi-option vote, the people (and therefore the country) voted to be "OUT" of the relatively new Union of countries, by a divisively narrow margin of the brave courageous and discontented fool-hardy 52% of voters. 

The United Kingdom nation that pioneered many innovations and wickedness through its British Empire and Industrial Revolution is agains the protagonist of the "Divide-And-Conquer" strategic policies. Not unlike the "Commonwealth countries gaining independence from being a Colony of the British Empire", Britain will NOT be a sub-state of the EU!

Another Powerful Iconic Image From "Leave" Propagandist (Source FPM and Bounce Agency)
Very Graphically Powerful Symbol of The Blended Word  (Source: Twitter)

The referendum vote was prounced by the media as significant and given a blended name "Brexit" (known as a portmanteau word) for Britain Exit(s).

Since that EU referendum and subsequent triggering of the formal Article 50 notification to leave the EU in March 2017, Parliament are now at a stage to vote on a framework for the transition period called the "Withdrawl Agreement", as negotiated by the incumbent Government of the Conservative Party. The House of Commons Parliamentary vote which was called off in the eleventh hour, or the day before. The formal notification via Article 50 started the two-years countdown to define UK's relationship with EU. Implying that Britain is supposed to leave from the now 28-member states union at the end of March 2019. 

Whatever version of Britain exiting the European Union is eventually and actually delivered by the Government and the Parliament it will be the best of all worlds. Only by evil conspiritorial design rather than by some probable chance act of public democracy in action. The repeated evidence of the narrative and discourse of a nation, as portrayed in media and the new social media, is very woefully narrow and limited, see below:

The Circus of Brexit: The Ringmaster

The Circus of Brexit: The 'Remoaner' Freak

The Circus of Brexit: The 'Remoaner' Nationalist
The Circus of Brexit:The 'Remoaner' Clowns

Powerful lobbyist forces are at war in the tug-of-nations between the eternal conflicts waged with propaganda to manipulate perceptions and manufacturing concensus of populations. As evidenced by the constant media hysteria and circus surrounding Brexit (only second to Donald Trump's distraction antics in the U.S.A).  Just incidentally and coincidently and most-probably relevantly, there was a B.B.C review / show about the circus-life and its characters featuring amazing acrobats to absurd freaks. Don't forget the cast of clowns peddled out for the circus show. All celebrating the first circus's 250th anniversary in 2018.

Decoupling of Britain from the EU
The larger grouping of nations via globalisation would in the main be subject to a singular vision of world policy via its repeated messages forming propagandist framed-narrative and disinformation for the subjected dazed and confused population to witness and discuss. Public house or 'pub' conversations have been contextually broader about the Brexit process and ideology than the tabloid and broad-sheet analysis of so-called 'newspapers' and mainstream political news commentary. The go-between of media and politics are influential lobby groups.
FPM wrote earlier that "the narrative and discourse of a nation, as portrayed in media and the new social media, is very woefully narrow and limited"; well here some new additional elements toward the voting behaviour not widely mentioned:

An FPM principal and Brexiteer voted to 'Leave' so as not to be "marginalised in wider-whiter Europe". Krishna of FPM, feels he has just made his way among the British citizenry through the ages, with recent introduction to new influx Europeans. Especially as a former Commonwealth country's citizen living in London, England for 40 years. 

Another perspective of "Remain" believer resident with family in UK pre-freemovement, had the opposite feeling, of wanting to be part of her ancestral continental Europe. She was part of the remain crowd not being legally British to vote in domestic national elections but of European birth. Many like her but British-born were able to vote. So which of these people were the emphatic-voting citizen to vote on 23 June 2016? Duh!

As alluded earlier about the 'singularity of vision', globalisation in its current manifestation is the greatest fear of any expansion of territorial alliances. Admittedly, globalisation in another manifestation can also bring hope. We would be fool-hardy and quixotic to believe establishment figures have anything in mind other than entitlement from the servititude of the much and many. In the economic-wisdom of contemporary Michael Hudson, this was and is known as "rentier capitalism" from the classical idea of economic rent. 

"Economic rent – the excess of price over this “real cost” – is unearned income. It is an overhead charge for access to land, minerals or other natural resources, bank credit or other basic needs that are monopolized." https://twitter.com/Kristian_FPM/status/10706622

FPM advice everyone, including so-called journalists politicians and economists to read his work via his website www.michael-hudson.com.

In this debate and contest about the future of British peoples, in relation to a regionalised grouping of nation states in the EU. Remember the latest incarnation of the EU - forever progressing towards federal Europe - until Brexit is completed, is 28-countries as of last member country Croatia joining on 1-July-2014. A construct originated from just six equally weighted countries in terms of  wealth and population in 1950s. Read the history of the EU and its spurious advocates here.

In this 'colonialism' by any other word like 'federalism', heading towards European regionalisation with ultimate globalisation in mind, the Balkans countries and such former Soviet-sphere satelite states will be culturally over-run with McDonalds, Lidl, "Friends" TV-show lifestyle, poor command of the English language as a second langauge or non-native tongue,

 Tomorrow sees.. prescient piece_Brexit and final version by design and less by accident. May had poisoned chalice taking over - 3 defeats only comparable to James Callaghan heralding Thatcher.
Propagandists at the behest of powerful globalists at work
Mainstream representation narratives (via headlines at least) have been poor viz Twitter; greater debates in pubs somewhat but framed by media so limited
Globalisation and marginalisation pro-Out unspoken reason
Just as the remainershave two good inclu. a lot of the Brits 2nd gen originate from Europe (while 1st gen brits with long residence unable to vote .i n national elections); and Labour ideals of solidarity among workers etc is nonsense or at least double-think as there are certainly Oligopolies and less competition (quote book by The Myth of Capitalism by hfdmgr name)
"michael hudson another world" in search engine resulted in a fictional characher ("Michael Hudson was a fictional character on the NBC daytime soap opera Another World"); using language to muddy the waters eg Ingmar Bergman was muddied by Ingrid Bergman to the non-film enthusiast.

Wednesday 5 December 2018

The Rotten Financial System - ROT$

The Economics of Things Post-2008

Since the near melt-down of financial system in 2008, which warranted £4.3 trillion of taxpayer / public funds, little has changed in economic fundamentals. Fund Portfolio Management - FPM staffers collectively hoped for the catastrophe to morph into the reversal of neoliberal economic policies, which technically would mean taking control over the money supply.

In essence forward to now, and the global banks are again making above-normal profits at their pre-2008 levels and huge bonuses after paying some hundreds of billions in regulatory fines for their gross wilful sabotage of the economic and financial system. How were executive-level bankers fraudlent? Simply by making irresponsible loans that they were able to take-off their own books or have subsequent accountability for, by packaging and passing on to long-term savers. The corruption of the whole related entourage of businesses and regulatory authourities were vividly shown to be perfunctory and illusionnary, in substance. Shame!

Back then, the trust in the banking system, among bankers themselves, was lost as banks would NOT lend inter-bank, thus the overnight-lending which is lifeline of daily banking operations ceased / froze. (FPM ask whether this really potentially was crippling industry relying on credit lines for their daily operational cash-flows, as cited for using public bail-out funds?). The melt-down was averted by central banks, led by America's Federal Reserves flooding the banking systems with new capital. Printing money out of thin air is one the basic functions of a central bank as lender-of-last-resort.

This "Bernake Parachute" of money onto Wall Street banks practising casino-banking was in stark contrast to the infamous Great Depression of the  1930s, where a stock-market bubble was blown via wreckless margin-lending by banks / brokers. Hindsight reviews of that financial crash suggested that the Federal Reserve - FED did not act quickly to avert a domino effect collapse. So this time round Ben Bernake as central banker and prompted by US Treasury offcial decided and persuaded their elected politicians that they could raid the public coffers to again make solvent the private financial institutions which were bankrupt, which were floundering. Remember, this time round a credit buble had been blown with housing-stock as reference asset. In 1930, the reference asset fuelling the greed for get-rich-quick mania was stocks and shares.

By parachuting money onto Wall Street banks - as a prototype president for averting a severe financial crisis instigated by the FED and with other global central banks to follow - the policy makers DID NOT TAKE CONTROL OF MONEY SUPPLY. Central bankers did the opposite i.e loosening or expanding money supply through what the media euphemistically peddled as  "Quantitive Easing - QE" and numerous other acronyms for basically printing money - i.e. digital records. Control of money-supply meant assuring how much money in a system. Of increasing and decreasing according to the economic situation prevailing. 

This model of robber-baron banking has been around since the beginning of the 20th century (get and read free PDF about the clandestine creation of the FED as model of banking-monopoly in "The Creature From Jekyll Island"). FPM have been disillusioned to see same extractive exploitation of the public entering into the 21st century and the new Millennnium. The authourities, regulations, and legislative-laws that are supposed to act as checks and balances to protect the public are virtual and deliberately non-effective.

Fund Portfolio Management's mission is therefore to now earnestly educate, as opposed to indoctrination as dumb economics in schools, colleges and banks; but to promote the greater good for the public by provoking thought activism of the unfairness of the financial system. Related bretheren of the banking dynasties is the industrial military complex. As well as other industrial-cousins such as oil and gas, travel and transport etc. Taking our cue to from one the greatest activists known to FPM's principal Krishna FPM dub the money-allocating financial system "Rotten Financial System - ROT$".

P.S. note and disseminate the ticker / stock symbol for the rotten financial system; also note the 10th anniversary of the symbolic-gesture of Lehman Bank going-bust marking the "Great Recession", as media-muppets term it.