Airlines & Other International Passenger Carriers Should Be Left To Flounder Without Taxpayer Bailout In Covid19

(This "Airlines" commentary originally posted on Reddit under a sub-Reddit called "Political Discussions" with 987K members on 6th October 2020. But was rejected on the basis of "karma" points - see below! This is flagrant technocracy controlling freedom of expression.)

As manifold reasons suggest, airlines and such related industry as fright and cruise-line shipping have thrived and burgeoned since the advent of low-cost aircraft passengers flights and international trade in the 1970s.We vaguely remember Sir Freddy Laker and his attempt to break into the natural monopoly of national-airline carrier British Airways at the time in the UK.

Up to 2001, when so-called terrorist aeroplanes crashed into the twin Trade Towers in New York, America, the airline industry and by implication international passenger travel has grown at an alarming rate. Similar parallels can be drawn with related transport industry sub-sectors in developed countries.

"Alarm" due to known and intended consequences wreaked on climate and environment by the exponential use of fossil-fuels in transportation. These emergent "gypsy-like" traveller class of holiday-makers and subsequent mass migration. Former flargely transported from relatively rich countries and latter class from developing countries.

Sticking with the specific example, these largely monopoly national airline carriers allowed the world to get smalller. As did, around similar time, the growth of international shipping freight, in the name of business expansion and growth via international trade.

This "business-expansion" in the name of "economic growth" by initially American and European conglomerates led to "globalisation of everything". A growth sponsored and backed by their respective and successive governments as source of prosperity for the people since JFK in USA, and others elsewhere. From fast-food and novel drinks (McDonalds + Coca Cola) to widespread inter-racial marriages and homogenous culture-spread via Hollywood, and "Friends" tv-series televised globally through national television networks.

The complete globalisation of media has led to the international boon and bane of covid19; among other deliberate intention of coalescing media and corporate power around the "international capitalists"  were media barons. National sovereign socio-political and economic structures have also been grouped as innocuous sounding "multilateral agencies". The UN, Nato, World Bank, IMF, etc are the hijacked bodies of "globalisation of everything". Incidentally, W.H.O  in 2020 joined that illustrious list of multilateral agencies setup to promoting trade, financial-harmony, world-peace and now health? Pun intended!

These above rationales are not anecdotal observations but mere common-sense conclusions which can be backed-up by valid statistics (as opposed to manipulated statistics presented for cov-id19) . Such as the Baltic Freight Transport Index, as indicator of the growth in international trade, and other such benchmark measurement of passenger and product transportation growth between 1970 to 2001 and beyond.

Please do comment as appendage to the brief outlines of many relevantly co-joined ideas above - not necessarily as criticism or plauditary but as debate commentary.

(This is an excerpt of themes developed by author Krishna Siva on his enterprise's little-trodden website: www.fundportfoliomanagement.com & their #NoSmokeWithoutFire:OfReputation aka #NSWF:Reputation)

Stealth Super Slowdown of Fossil-Fuelled Economy

Coronovirus has implications as a control of the economic ebb and flow we can expect from 2020 onwards. From global government efforts to mitigate climate change. A "Super Slowdown" of the "Fossil-Fuelled Economy" is the necessity.

Coronavirus started in December 2019 is now reportedly expected to become a pandemic virus, at least according to some "cheap" expert (as in paid-for) who was rolled-out by BBC News. The globalisation of the virus was the headline-news story of the day. As we will observe, the re-named virus, officially "covid-19" is causing business and economic disruptions.

Coronavirus Distraction More Than "Disruption"

Never mind that being the headline news, but on the same day of 24th February 2020, on which journalist Julian Assange is facing a sham hearing on whether he should be extradited to America. His alleged crime is exposing war-crimes of America via WikiLeaks. Journalistic press-freedom should be paramount concern for the world. This hearing in Woolwich Crown Courts (see below about this Court) is in remote South East London, where he is being held in H.M.P Belmarsh Prison.  (Update here: "Your Man in the Public Gallery – Assange Hearing Day 1" and another from Consortium News with Live Updates From The Hearing Here.)

"Woolwich Crown Court is nothing but the physical negation of the presumption of innocence, the very incarnation of injustice in unyielding steel, concrete and armoured glass. It has precisely the same relationship to the administration of justice as Guantanamo Bay or the Lubyanka. It is in truth just the sentencing wing of Belmarsh prison." Craig Murray 25/02//2020

Yet "Disruption" Evidenced By Stock Markets Tumble

 Also that same day saw US$ 1.7 trillion wiped-off global stock markets due to participants seemingly pricing-in coronavirus becoming "pandemic" category. Allegedly from shareholders selling stocks affected by coronavirus global disruptions. FPM's sister enterprise LineBall Tennis who agitated on Twitter, shown below; had an understanding of what has greater impact on wider population - loss of freedom of press or variant of common flu:

Fake Tweet! Source:Twitter @LineBallTennis, CNN

The crux of the matter as a coronavirus distraction. Our understanding is that Covid-19 is virulent variant of influenza also known as "flu". They both have similarities that both are deadly especially to vulnerable categories, as it is do do with breathing and respiratory systems of our body. Despite the media frenzy and hysteria (as they have to propagandise 24-hour news cycle), the less media-minded people understand that a much greater proportion of people die annually from the flu, than have globally died from Covid-19.

The Importance of Business-Cycles In Forecasting

We at Financial Portfolio Management understand business cycles since the fledgeling organisation's founder initiated a dissertation when at Middlesex Unversity in his youth about business-cycle boom-and-bust, specicially studying the "Kondratieff Cycle" economic cycle factors.

 Professional investor greed and fear means share price valuations are currently trending ever higher at near record levels (see proxy FTSE100 chart below). These dizzy heights justified or otherwise WILL cause speculator trader and real-money investors to expereince wild uncertainties / swings, especially before settling into a secular reversal or possible up-trend. This is a precept about technical chart analysis and mean reversion in market behavioural analysis. Which is more short-term orientated cycles of stocks and stock markets.

Proxy FTSE-100 Near Record Levels. Source: Yahoo, FPM

So what is the fundamental long-term catalyst for putting the brakes on global economic activity? Which is undoubtedly causing catastrophic human-added climate change. The evidence of climate-changing is before our eyes via high definition mainstream television news. We've seen flooding in wetter climates, droughts with forest fires and bush fires in drier climates, and so on. The evidence is numerous. Mainstream news source nowadays bang-on about it' but not as prominently featured 10-20 years back sadly; or even further back when the science and extrapolation of trends first suggested "global warming from anthropic activities".

Slowdown Or Disruption Of Economic Activity

 

Every NATO or UN country will manifest a particular "shock" catalyst which results in effective slowdown of the real and financial-market economies. 'Brexit' as global known enduring phenomenon in United Kingon, as a political movement is designed to curtail economic activities, especially through short-term disruption to free movement of people and goods. Since Brexit is 'not done' despite Tory rhetoric and shock democracy of 2016 referendum, reverberating as "Brexit In Name Only", it is business as usual. FPM as firm Brexit-supporters say sham European Union is continuance of neoliberalism (see FPM's meaning of 'neoliberalism'), but rolled out to the newcomers from former U.S.S.R eastern European countries. When eventually Brexit gets done intra-European Union short-haul flights will be controlled. As necessary to meet 2030-50 set emissions targets for countries. Also as a footnote, UN climate-change summit will hosted by Glasgow, Scotland UK dubbed "COP26".

FPM's Understanding of Neoliberalism in Manifestation - Source: Naomi Klein "The Shock Doctrine" 2007

FPM is expecting further geopolitical fall-out from de-globalisation of the socio-economic political process. As well as Brexit, "America First" and POTUS Trump's border-wall war-cries are all part of stealth-super-slowdown in neoliberal globalisation, but dressed-up as populist nationalism or quarantined cornoavirus. FPM further believe there is global backlash to the liberal democracies of the West, which has prosperously benefited the few at the cost of austerity for the many. Not a political slogan but a fact. Austerity or poverty also rationlise the wider population from affording holidays and travel. Therby reducing economic activity.

Of course referring to the wealth-inequality issue, and circumstances of 2007-09 global financial-crisis. Especially how the ridiculed taxpayer via its government saved banks and other financial institutions from insolvency. After banks' self-regulating profligacy of virtually gambling. And of course regime-change agenda followed by western democracies in the Middle East / Gulf region. To keep the war-machine in these old-power countries chugging along. Again, who is paying for waging wars in the Gulf? Yep, the #stupidelectorate taxpayer! (Stupid Electorate hashtag was coined for some of the UK voters after the December 2019 General Election defeat in UK of Jeremy Corbyn and Labour Party)

"Stealth Super Slowdown" has to happen in the name of saving the planet and environment as we know it. We all acknowledge China's emergence to eminent economic super-power is the future driving-engine of global economic growth in the 21st Century. So by China peddling its soft-power of business-wealth potential, it can perhaps direct a new sustainable way of achieving economic life other than from fossil-fuels based industries. But the shock-impetus towards stealth slowdown of China's powerhouse economy is underway, see below excerpt from Reuters. Reminder that generally China's economy has been growing at double-digit rate or averaging 7% economic growth.

Economic data for January had been fairly upbeat, but analysts have since sharply cut their forecasts for economic growth in China. J.P. Morgan now expects Chinese GDP to shrink 3.9% this quarter, while Capital Economics sees it outright contracting. Reuters 27-Feb-20

Guest Post: Last Forty Neocon Years - Kaput!

Mark Blyth’s Incisive Post-Crisis Takedown: “A Brief History of How We Got Here and Why”

Posted on August 5, 2019 by Yves Smith

Mark Blyth, the Brown political scientist of “The Hamptons are not a defensible position” fame, has a must-watch video of a presentation, A Brief History of How We Got Here and Why, which we’ve embedded below. We’re featuring it despite the lack of a transcript. Even though Blyth presents a fair bit of detail that is familiar to readers, he manages the difficult task of synthesizing it in a way that generates novel observations. It doesn’t hurt that Blyth is also colorful and a high bit rate transmitter. This video is a fantastic way to get people you know who’ve started to develop doubts about orthodox stories about how the economy works to see thing in a different light.

Blyth argues that the world has been through three policy regimes, using computers as an analogy and arguing that like computers, capitalist systems all have the same major components and economic ideology is the “software”. 

The regime first was the gold standard, which allowed for international capital mobility without inflation, favoring capital over workers. That regime worked from roughly 1870 to World War I. As academics like Peter Temin described in detail, after the Great War, European economies tried to restore the gold standard, and Temin argues that those efforts produced the Depression.  
The Depression ushered in policy changes which eventually produced the next era, which started after World War II. The policy objective of this era was full employment. Cross-border capital flows were restricted, countries were more autarky-like than now, and governments were economic activists. Blyth quips that no one knew who central bankers were back then.

This era broke down with the 1970s inflation. But Blyth argues that the trigger was that the share of GDP going to labor had become intolerably high to businesses and investors. Inflation also favors labor over capital by eroding the real value of debt. The answer to that was the capital-favoring, globalist, inflation-hostile neoliberal era.

Blyth stresses that what happened after the 2008 financial crisis, which resulted from the failings of the neoliberal regime, the effort to restore the old system, is an unnatural response which will only lead to intensification of the underlying stressors, like rising levels of private debt, greater income inequality, and even more financialization.

Only an economist could see climate change as hopeful. Blyth sees climate change as discrediting the populist right, which has no answers for this problem, and libertarians, who are allergic to state action, when that will not only become necessary but desperately sought after.

"I don’t want to diminish your appetite for watching this video-talk by saying more, particularly since a lot of the fun of a Blyth talk is in his asides where he present things as obvious, and even if you kinda-sorta knew that particular factoid, you probably didn’t have as pithy a formulation as he does."

The video!

Principal K Kristian Siva's of FPM addendum chart:

 

Is Farage The New Soros For The Euro?

George Soros famed from a multi-billion dollar hedge fund as "the man who broke the Bank of England" is a popular narrative of the mainstream financial media.

Frage: the Face of Brexit - An Anti-Hero or Man of The People? (Source: Twitter)

Yet I have not heard the context of the man who broke the British Parliament! Witness the political impasse over Brexit to Easter 2019 and one can deduce that Nigel Farage, the figurehead of the "Leave European Union" movement, did indeed break the House of Commons. He did not make money to the tune of a billion dollars, but gained an ardent reputation against status quo (of which he is admittedly low on the scale).

The Betrayal Of Britain By Incumbent Politicians June 2016-19 (Source: Twitter)

Fund Portfolio Management's principals feel they do not need to deliberate further about the above statement. As an open-minded read of mainstream media - msm - background to "Brexit" clearly indicates. Mr Farage like Mr Soros, believed in fundamental macro tenets, and stuck to his guns when others were merely interested in the ideas that prevailed. What was this fundamental belief? As most financial pundits will know, Mr Soros believed that the exchange rate of the Pound Sterling versus the benchmark German DeutscheMark was fundamentally too high in the Exchange Rate Mechanism. ERM was the fore-runner mechanism which decided the exchange-rates between member states; before the fully-fledged Euro currency that we know today. Equally, whether by design or accident, the EU is an assembly expanding from six equal-wealth member states to what is now a twenty-seven member states (excluding Britain pending Brexit), is and was fundamentally a flawed crrangement.

The flaws of the EU are VISIBLE in its current dysfunction, as well as the benefits accrued to the newer member states in "sweetners. The single pointed flaw is conceptual. Without having a tiered system, how can one-rulebook be applied to 27 disparate countries? Then if there is discretion, like France and most members exceeding the national debt to GDP limit of 60%, then what's the raison d'etre of EU bureaucracy. The much called for reforms of the EU have not happened, which was a reason for UK calling for an EU referendum on leaving or staying. And consequent Brexit, which is still pending at time of writing, voted by the British people.

[Article originally started on 2-May-2019 NOW continued 14-June-2019]

The culmination of Brexit issue is the single most important policy decision of western globalisation of the past 40-50 years and the next 30 years. This is especially important when considered in connection with climate-change. In order to reduce environment damage and the climate damage it seems obvious that we have to put the brakes on economic activity. Implicit or explicity stated. Or what we at FPM suspect, the global economy has to or is shifting or transitioning towards a "green economy". Some are vanguard pioneers in this. Others are in slow realisation while fronting a total denial of the potentially devastating problem: FPM cite the current POTUS and leader of the Western world Donald Trump and his administration. However, politics being by nature a two-faced profession, maybe Mr Trump is slowing the two giant global growth engines via his trade-wars and sanctions spat with China. As much as Brexit-deliverance will disrupt free movement and of goods and people, and thereby reduce carbon-footprint and CO2 emissions.

Another important but seemingly overlooked concern about Brexit deliverance, or mired by propagandists narratives, is "democracy". Defined as the organisation of society decided by the people. Whereas "aristocracy" meant society organised by the elite or best people. Or as FPM believes, we live in an actual society organised for "wealth", known as "plutocracy" but parading as deluded-democracy. FPM know we are right: just look at the scale of the wealth inequality in societies globally. As vividly described in book by Thomas Piketty in "Capital in The Twenty-First Century", or simply searched on internet; example from 2018 passive-article in Guardian newspaper.

The Book Describing Wealth Inequality

The Book Describing Big Government and Big Business Collusion

But democracy or people need to be heard and will indeed be heard on matters of personal and wider passions of mind. That was description of a typical Brexit mentality. Don't interpret FPM's assertion as an opinion, just look at the voting statement of the people of Britain and the EU in the European elections results of May 2019 (more in next paragreph). Again, don't forget that, and start to view or read the shameless manipulation of the voting-results by "propagandist pratts". Who interpret the facts as "win for Green parties" or "win Liberal Democratic". No, no and no! Anyone can interpret facts, for instance, one can justifiably postulate whether we really need another tier of trans-national government for Europe, or elsewhere. While most people do not want more Government, and fed up with existing structures of managing society in the interest of the rich and powerful, we are concerned about the rise of institutional fascism. Not to be confused with populism and acts of democracy like the Brexit or Arab Spring or Gilet Jaunes; but actual instituional people in governments and multi-national corporations, as well as global investors or financiers. Hence why FPM referenced the 1980s book "Friendly Fascism - The New Face of Power in America" by Bertram Gross above.

People voted clearly, at least in England, for the 3-weeks-in-existence, Brexit Party and its figurehead from former UKIP party Nigel Farage. And the dumb-founded establishment are still scratching their monkey-brains and fighting against this populist uprising and revolt by the "demos" vote. "Demos" is the Greek word for people in society. As if further evidence of voting motives, and how Tory MPs in House of Parliament view the issue of Brexit (leaving it or remaining), witness who won the first and subsequent round of voting for the new Conservative leader or would be Prime Minister. At time of writing, Conservative members vote for the final two of Boris Johnson and Jeremy "Msprint" Hunt!

The Outright Brexit Supporter Leads Tory Leadership Race (Source: Twitter)

Yes you got it, a Euro-sceptic and figurehead of the Leave EU campaign Boris Johnson is leading the race.FPM actually rated and follow the diary of a true Brit and Brexit-man John Redwood, Conservative MP for Wokingham since 1987.

While it is true Fund Portfolio Management is about financial perspectives, and less about politicial upheavals, we have been pushing the idea of the fundamental long-term value of the British Sterling Pound versus that of the start-up new-millenia currency the Euro. The procrastination and swaying about clean-cut breakaway from the EU via Brexit, after nearly 3-years to the month (remember 23rd of June 2016 EU Referendum day), has only made the resolve of that vote more impudent and ardent, rather than losing its distinct drive of anti-establishment anti-corporation populist ambition.

Of course the globalist capitalist cabal with the dollar-firepower have been driving down the value of the breakaway nation's currency. The Sterling has de-valued against the US Dollar from $1.50 plus to now being worth only $1.26 to the Pound. It is a similar story versus the Euro: at the Pound's peak-value against the Euro was £1.50 (in early 2004, and even a year before the "#EUref" the value was £1.40 plus), but now the Pound drifting at £1.12 to the Euro. It should be noted that the low for the Pound valuation versus the Euro was during the financial-crisis when on 1-Dec-08 the Pound reached near parity to the Euro, of £1.02 for GBP/EUR. This low for Sterling was way before Brexit was even a word in the lexicon! Therfore Mark Carney, Bank of England  governor and other so-called experts of "Project Fear", are only influencing democratic-concensus towards their global and capitalist agenda, as per their "useful idiot" office in the bigger picture. Mr Carney even apologised for stoking-up fears of Brexit  before the EU referendum in 2016. Having BOTH the leave and remain campaigns lying is material but not unheard of in political pledging.

The Convenient Lies of The So-called Experts About Brexit (Source: Twitter)

FPM's fundamental deep-insight is that the current devaluation of the Pound, in its natural up-down policy-paved-path, may have significant downside to UK tourists to America and Europe. Impact on business is mixed. UK imports become expensive, while exports from UK cheaper. The net effect is determined by whether UK has more exports than imports - our perpetual current-account deficit suggests we have more imports, in terms of goods and services. When most countries pursue the ambition of driving down their currencies to compete internationally on exports, the devaluation-rounds are partially neutralised. As coined in the phrase "the race to the bottom". Only the stand-alone countries with their own currencies, like Switzerland Sweden Norway Denmark and UK in Europe, can eventually buck that trend of raising interest rates and allow their currencies to rise. Hence FPM's medium-term curency-play thesis, which is now a long-term play due to delays in Brexit deliverance. WARNING is that anyone following this forex trade should have long-term warehousing costs for maintaing or rolloing-over position with views about being long Sterling GBP and short Euro EUR. 

In concluding FPM recommendations and remarks, we re-affirm our strong belief that Britain's manner of exit from the European Union is more relevant for the federal European project than domestic impact. FPM feel this is especially true in a world of de-weaponising economic growth objectives in light of climate change emergency. Dont's take our world for it! Read excerpt from story by Politico.EU which cites Mr Carney's apology:


"Leading Euroskeptic backbencher John Redwood, a close ally of Brexit Secretary David Davis, said Carney was right to warn European leaders that Brexit posed a greater threat to their financial stability than to the U.K.’s. Reflecting the increasingly bullish mood among Tory MPs, Redwood said: 'I’m very glad he’s come round to the logic of it. The difficult hand in these negotiations is the EU’s, not ours. We meet all of our objectives simply by leaving.'" [By Silvia Sciorilli Borrelli and Tom McTague via Politico.EU on 1-Nov-2017]

Why Its Plain To See The Geopolitical Writing On The Wall

Not only does China have state-run newspaper called the "Global Times" but their phenomenal surge economically to the position of second economic power in the world threatens the status quo of the current hegemonic power. Note "power" said not in the plural but singular.

Hence why trade-war onslaught started this month of March 2018 with steel and aluminium tariffs imposed under order of demagogue leader  of the so called "free world"  President Donald; and yesterday he further announced tariffs on $60 billion value of Chinese imports - its official its war! China retaliated with tit-for-tat action of imposing tariffs on only $3 billion on American imports, as reported by CNBC in the link provided above.


While officially an economic war, at the same said President of the United States of America  or USA, announced the biggest ever increase to its military spending. Up US$80 billion to approximately US$700 billion on military spending; or expressed as a proportion of the total spending approved in the Senate in the early hours of Friday, 54% of the total US$1,300 billion expenditure in 2018/19 will be on the industrial military complex.

Of the US$1.3 trillion spending bill passed exigently early Friday, there are some reading between the lines, other than the obvious. 

First of all this bill is also the raising of the "budget ceiling" i.e. how much spending the USA government fiscal deficit will sustain in a given year. As things stand the budget ceiling has today been raised 4 times int total in recent years (as WolfStreet.Com explains here), to avert what has been dramatically described as "government shutdown". So this current raising of the deficit "legislation would fund the government through the end of September". As for thereafter in this unique American legislation designed to ensure fiscal-budget prudence, anyones guess, or great uncertainty.

Remember that earlier this year the national debt of the USA passed the US$21 trillion mark (also described in the WolfStreet article referenced above, and shown in the chart below). This is less significant as a absolute number, with the Dollar as the reserve token currency allowing unprecedented increase in "money printing" (to make historical Weimar Republic period of hyperinflation look restrained),  but reflected as percent of GDP or what America produces, the debt is very unsustainable.
Also as a  consequence of the unsustainable ballooning debt-bubble of government, Trump is perhaps leading us to that one major dire and disastrous outcome - debt default. The caveat is, only if his "America First" protectionism does not lead to sustained growth. But as we have seen over the last 10 years of kicking the debt-calamity into the long-grass, since the credit bubble in financial services, there are other remedies than debt default and debt-destroying inflation; namely near-zero or zero interest rate policy - Z.I.R.P and debt restructuring (the bad debts racked-up by financial services are now American taxpayers debt burden through T.A.R.P and Q.E etc). Who should continue to revolt or cause civil disorder with rage, after sucessive US administrations and policies delivered austerity instead of prosperity for the masses.

 
 This is why China is THE concerning crucial factor in the economic globalisation that we have seen accelerated since the 1980s or last 40 years. Trend of globalisation stopping now is evident, for fear that China grabs the economic growth that is needed in the current G7 countries, to pay-off their debt.

Yet the economic growth solution is hampered in the face climate change concerns. Yes climate change is only too REAL and beginning to be evident as an imminent threat to humanity and the planet. As are economic-growth threat from disruptive technologies that are burgeoning through to destroy traditional trading activities (e.g. shop-front buying and selling versus Internet online markets). Another example of the titans at
 trade war: China's scale of production has massively reduced the price of solar panels as an alternative to expensive fossil-fuel based oil and gas. 

What of the disruption (which is a euphemistic term) to traditional oil and gas exploration extracting refining and distribution industries, from climate-change concerns? The write-down or destruction of these industries' assets, whose stock market values reflect status quo international free-trade policies, will not be merely disruptive! We have seen this month the stock market valuations impact on global steel and aluminium companies.
See the latest research from the CarbonTracker.Org initiative (which investment bank research will not show!): Mind The Gap: $1.6 trillion energy transition risk.

Finally, in the context of what we have discussed above there will begin as covert of subterfuge psychological operations towards a cultural revolution. "America First", mentioned earlier is only the same socio-economic political stance as once great empire hegemony of United Kingdom, who exited the regional union of group known as European Union (which had as it early phase / guise the E.E.C - the European Economic Cooperation), on June 23rd 2016. Now this great tear-away from globalisation via regionalisation, project is named simply "Brexit". Abbreviation for for Britain Exits the European Union.

The cultural revolution in countries will also be "twitching" by the masses of people away from traditional government by politicians, viz. billionaire Trump as President of the USA and Andrej Babis in Czech Republic. Political machinery, which after 40 years of liberal capitalism, a period better known as "neoliberalism", has produced the rise and decline of the middle class, while creating and enriching plutocrats and oligarchs. As represented by billionaire wealth status of the top 1% of global population. Those politicians are dubbed by Fund Portfolio Management's own reputation thesis, NoSmokeWithoutFire, hastag #politiciansRcriminals.

The cultural revolution will also take the form of behavioural changes, as led from not only disruptive industries (whether people like or accept the phenomena that we are put-through for corporations, who define and rule via Pavalov's dogs impulses, most of our lifestyles behaviours), but from controls about freedom of movement of people, and indeed movement of goods. Which in context of free-trade developments THIS month, is supportive of Fund Portfolio management's geopolitical-tension scenario in the near- to medium-term. 

In short any activities which all add to greater carbon emission, and destruction of the planet will be curtailed. As evidence look at the slow economic growth of the last 10 years imposing mass austerity on the many under neoliberalism. That was not by accident, it was by design, in the face of the most important chart to mankind (by kind permission of Nasa below citing all the evidence. Don't take FPM's word for it.





 

Plutocracy Plots With Trump

 
President of the USA Donald Trump: Examplification of Wealth in Politics (Source FPM, Twitter)

[This is an exqusite excerpt and edited narrative used by FundPortfolioManagement to understand explain and interpret the paramount risk of today #Geopolitics other than #climatechange - q.v. footnotes] 

Masterful and arrogant wealth, known as “Plutocracy”, created largely by Government protection of its profits, not content with its domination and influence within a single party of Republicans, had sought to corrupt them both. And to that end had insinuated itself into the primaries, in order that no candidates might be nominated whose views were not in accord with theirs. Such was the political socio-economic system of American democracy that manifested in turns the “Capital Crook” Clintons and “Black Lives Matter” Obama.

By the use of all the money that could be spent, by a complete and compact organization and by the most infamous sort of deception regarding their real opinions and intentions, Plutocracy had succeeded in electing its “Apprentice Trump” creature to the Presidency. There was no longer a need for the middle-men “politiciansRcriminals” at the White House. Plutocracy had a “corruption fund” of millions of dollars with which to mislead those that could be misled, and to debauch the weak and uncertain.

Plutocracy had a marvelous aptitude for political manipulation and organisation, and with President Trump’s malversation they forged a subtle chain with which to hold in subjection the natural impulses of the people. Sometimes the public had been mistaken as to the true character of their Presidential office. “Wealth” or “the interests” was openly for or against certain men and measures.
 
Trump’s first move was to confer with Plutocracy, the high priests of finance, and unfold his plan to them, explaining how essential was secrecy. Plutocracy’s influence throughout commercial America was absolute. Their wealth, their ability and even more the sum of the capital they could control through the banks, trust companies and industrial organisations, which they dominated, made their word as potent as that of a monarch.
 
Trump then transferred these corruption-fund amounts to the private bank of his son-in-law perhaps, who would then become final paymaster. The result was that the public had no chance of obtaining any knowledge of the corruption fund or how it was spent. The plan was simple, the result effective. He had no one to interfere with him. It was a one man power which in the hands of one possessing ability of the first class, is always potent for good or evil.
 
Not only did Trump win the Presidency, but he also planned to bring under his control both the Senate and the Supreme Court. He counted upon having a good majority of the Senate, because there were already fifty-one Republican Senators upon whom he could rely in any serious attack upon corporate wealth. As to the Supreme Court, of the nine justices there were three that were what he termed "safe and sane," and another two that could be counted upon in a serious crisis. Then there would be an easy working majority.
 
Trump’s plan contemplated nothing further than this. His intention was to block all legislation adverse to the interests. He would have no new laws to fear, and of the old, the Supreme Court would properly interpret them. The President was the centre, and from him radiated everything appertaining to measures affecting "the interests".

Footnotes:
Get Ready for the First Shocks of Trump’s Disaster Capitalism -Naomi Klein - January 24 2017

The Curse Of The Zeitgist: Globalisation Trending

You are NOT about to read a script for a B-movie sci-fi of social dystopia!

Instead a joined-up considered exposition  of the present state of our times and "the human condition"; which many many great persons of the past deliberated on in timely fashion (in mind we have George Orwell's epochal "1984" novel, or before that John Stuart Mill (1806-1873) a British philosopher, socio-political economist and civil servant). This text is neither intended as government or corporate propaganda. Whose worker-ants' end-goal is towards changing our mind-sets. Yet for the purpose of intelligent cogitation and reflection of our socio-economic life governed ultimately by politicians - or so we are foolishly led to believe!

As propaganda IS subversive: as defined by its key proponent Edward Bernays below in the opening chapter "Organizing Chaos" from his 1928 treatise "Propaganda"; and if one marries Ivan Pavlov's (1849-1936) behaviour experiments, better known as Pavlov's Dogs; we begin to understand the certitude of mass manipulation through the recent centuries, when we falsely believed we were free of slavery, barononial-tyranny and fiefdoms. However, the forms of "master-servant relationship" has changed, what should not be in doubt is 'plutocracy' still exists today: many today describe it as slavery through indebtedness. Throughout the ages, similar human-conditions of servitude yet different mechanisms and methods of subservience to the few wealthy and powerful strata of society existed.

Edward Bernays 1928 treatise "Propaganda"

To this understanding of propaganda and human-conditioning, there is inductive-information from indirect experience or hear-so-say. That is, how we know what we know and consequently do what we do as behaviour. For this subject one needs to present the mid-18th century British philosopher David Hume's "Problem of Induction".

"Hume identifies two ways understanding (reason) exerts itself: demonstrative and probabilistic. Demonstrative reasoning is deductive; it allows us to draw specific claims from general ideas. Probabilistic (or causal) reasoning is inductive; it allows us to make general claims from specific ones". [Hume, David (1888) ‘Reason and Passion’...]

Deceitful propaganda uses the latter "probablistic" reasoning in facetious ways.  We are indoctrinated as a society rather than as a smaller community by its members, if the globalisation process is accepted; and induction of understanding i.e. what we we know and how we know it, is the basis of the opinion and values a society receives from media in all its various guises, including nowadays as technological social-media. For example, if we take George Lucas's "Star Wars" franchise as being a global phenomena, e.g. as represented by many species of humans and aliens characterised in the films, books etc; then there is widespread potential for mind-control of masses if not billions of the planet's population through subtle but sub-conciously influencing masses (more later on Oliver Stone films). English does translate more often; more so than the most spoken language of China!

Actual Examples Of Globalisation (and why it 'sucks'!)

Language Through Entertainment

Thats was the introduction, now allowing for the examples of globalisation which I find unnerving as it is expressed in todays' crude terms; instead of the 21st century terms some have dreamed of and been told about by scientists and extrapolative-fiction, classically in novels ands books.

Information and language are indelibly linked. If a customer of a hotel asks me "Press this please", as different from "Iron that please", as she hands me her dress to me, as if I am concierge at the hotel. I might understand or not, as the case maybe, but I will at least notice the oddity of how someone has requested the service, compared to how the royal "one" might have requested to have less folds / creases in my clothes/ garment. On many levels the sentence is or would be curious to a mind educated and organised to understand the interplay of  the three-word sentence in numerous interpreted contexts! The obvious similarity in the two-forms is that 'please' has been oddly inserted / stated, when we know politeness has various expressions in varied cultures. Burping is good in some class-circles foreign-cultures, while a grand "faux-paux" in others. Secondly, 'this' was used in one sentence and 'that' used in the opposed 3-word sentence. And finally, I have never used "press this", only "iron that"! Please write to me as to if "social-class" or "dated" usage of "press" usage or if predominantly American used word? I really do not know English language grammar to know, yet I allegedly speak and write it. Also I know as a thumb-rule, and understand that usage make the final definition of acceptability of grammar. If i start saying "press this" for an "ironing" request, I would change from my social-class and age or use American vocabulary. I like how I am perhaps, and not through globalisation.

Then I would identify Hollywood as a source of mass-media and communication for the masses of English-speaking and pseudo-English spoken audience. Already has been mentioned how "Star Wars" is a globally recognised phenomenon. Oliver Stone seem to make epic films of historical events; as if re-telling history in some alternatively interpreted way of the facts - called "artistic license". Mr Stone's selected movie portfolio include Platoon ('86), Born on the Fourth of July ('89), JFK ('91), Alexander (2004) etc. All the films mentioned revealed degrees of political and idealogical controversy, hence the FPM assertion of "alternatively interpreted way of the facts". The Oliver Stone film that ALL financiers will remember is his Wall Street ('87) series of films. As well as Wall Street bankers and bankers globally, the liberals and intellects find pertinent, is the 2010 film "Wall Street: Money Never Sleeps".

Filmed in the aftermath of the 2008 started financial crash and the consequent Great Recession, FPM uses this to show how a global larceny running into trillions of dollars was committed without rousing the angst of the viewing public. In the formulaic happy-ending story-telling of a Hollywood block-buster with its distortions, there is an empyrean truth: that the financial crisis allowed 17 or so "too big to fail" banks and similar financial players benefitted from the greatest transference of wealth in history from the taxpayer-funded the public purse to the so-called free-market private sector financial institutions. Why do you think the "National Debt" of the USA / America and other key countries have ballooned to the tune of trillions of Dollars? This truth paragon could be said to be the crux of the film to rouse the public taxpayer's ire; but instead the director air-brushes over with fantasy about Gordon Gekko's reformation and how he saved his family and donated £100 million to the "Green economy". Happy ending, neatly wrapped was up the story of greatest robbery by todays' robber-barrons.
Mere story telling which ultimately distorts global perspectives of history in the viewers eye is still a lie. The ancient civilisation used to believe that a picture taken of them steals their souls; similarly a "picture steals your soul and time", is also true.       

The Economics Of Triumphantlism - Trump

Revised  / updated: 6th Jan 2017

For a country, or for that matter an individual at a time upheaval in mans' migration, to triumph as a Western Democracy is great indeed; yet originally the triumphant players were forces at war against other equally rapacious entities. Today and certainly since World War II attempts to conquer EVERYTHING under various "globalism" umbrella is tantamount to supremacy borne out of insatiable greed for power and possession. A psychology of a creed of men which is not best described as merely megalomaniac, as is often distorted in the tawdry popular media, but "monomaniac". See classic dictionary definition below:

Dictionary Definition of "Monomania", Collins Westminster

Only a few nations or countries have achieved significant global ambitions over the milennia. Nowadays we can call some of these nations as members of the Group of Seven or "G7" countries, or "G5" countries. Of individuals, which can extend this topic to, since individuals possess wealth (and therefore power) greater than that of countries, who have achieved global reach in business and other field of aspirations e.g. Hollywood actors, maybe  be termed the "1%" for vogue sake. More later.

We have witnessed such phenomena of conquest and rule in many guises throughout the millenniums. Not just initially colonizing neighbouring villages as marauders, but eventually taking over whole regions of a country. This all-consuming purposeful "greed" is the super-powers' sickness and its eventual tumultous downfall. The fact of eventual decline and downfall facing these supremacist nations and their leading conspirators is evident in history (in black-and-white text and nowadays in bright multi-colored spectrum vision - er internet!) has changed little, to date. These superstate nations' overwhelming dominance has now not only translated into historic domestic mastery of its population; that is, society organised as slaves and fiefdoms, but also into a template model for international scope assimilation and exploitation. 

Just as megalithic Dinosaurs, Indus Valley, Mesopotamian, Greek, Roman etc etc civilizations and creed came conquered and they themselves vanquished into oblivion - one can adumberate / adduce outcome for the in mode hegemony or superpower. This free form narrative propounds capitalism facing the decimation fate, or at least decline, perhaps in our life-times.

What is often called by capitalists as "greed" and described euphemistically as "economic bubbles" is the phenomena of deliberate overreach and what is term "crash recession depression bust" is the inevitable extinction or deflation of most hubristic events, acts and entities. As discovered from historical decline and fall of empires; and more broadly of any anthropological entities' life-cycle. In classical Greek mythological terms "hubris" and the story of Icarus. 

Dumbed-down indoctrinated economists and other purveyors know this creative-destruction  as "boom and bust cycles". But these economic theories and education-establishment preached vocabulary wittingly or otherwise dissemble more sinister dark and ashamed features of the human intellect and social existence;, as little known esoteric understanding.

Indian spiritualist called this life-force cycle Brahama, Vishnu and Siva - the original name for the Holy Trinity of Creation, Preservation and Destruction. It got distorted to Biblical proportions in the Middle East. A universal triumvirate of life-cycle disseminated in many forms of religion and in many other templates. Joseph Schumpter, an economist of genuine integrity, at least in this authour's perception, we believe coined the phrase "creative-destruction".

Applying the spiritual Siva or "The Way of The Left Hand" - in Sanskrit scriptures "Vamachara" - we analyse today's last speech of the year by Mario Draghi, the head of the European Central bank. The "Satan-eyes Impresario Mario" charged with maintaining the facade of a crumbling new citadel, i.e. the European Union, via vital financial management. Some say an expanded European Union is the first pillar of Zionists agenda to "inherit the earth" (also known as One World Government / New Word Order) or some such garbage from the Semite story telling hypocrisies.

As stories and narratives have been imposed on a wider more unsuspecting innocent populous for milennia's, we at Fund Portfolio Management decided to interpret one. Our analysis has been "geopolitics" in context of global macro fundamental economic flux (Triumphant Trump Card and Great British Brexit). So FPM pseudonym 'Fred'  read between the lines of the captive of the international capitalist creed doing his life-threatened life works  speech on 28th November 2016 to Committee on Economic and Monetary Affairs of The European Parliament:

For Fred's agenda perspective on Brexit bomb implications going forward - as greatly relevant as any polished and 'puppet' hack / journalist out there, contact Fund Portfolio Management - FPM.

FPM has long believed the EU project doomed to failure, for many many reasons, not least as the epicentre of hypocrisy responsible for genocide and other human evils. What has transpired since the industrial revolution, and that which must face an age of decimation destruction or reformation is perhaps here with last financial bubble bursting in 2007-2008... 

The Olympian Debt Write-Off - #Rio2016

(This Draft Of K.Siva's "Geopolitic Strategy" Report Is Dedicated to Prescient Work of David Scott, Indousez WI Carr Economic Strategist in 1997 - Year of  Hong Kong Handover to China. Mr Scott elucidated the phenomenon of China exporting global deflation.) 

Economies of the world in slow transition is the likely cause of the stagnation in economic activity, as reflected by traditional measures since the financial crash of 2007-08. 

The effectiveness of the continuance of current #politiciansRcriminals monetary-stimulus policies have been considerably questioned for the sustained great inequality of wealth between people, the state and its "hidden hand". Is current monetary economics merely blowing small capital-markets related trading bubbles and consequent corrections - at the phenomenal cost to taxpayers via a monumental public debt-bomb? 

Perhaps just round the corner with Italy or 'PIIGs' debt default being catalyst for contagion of national debt defaults. Remember, sub-prime mortgage default was trigger for wave of write-downs of housing market securities valuations. FPM's more modest view is the prospect of debt devaluation via concerted and manipulated inflation index increases.

Some have argued that Government debt-financed stimulus spending since last orchestrated financial crash from 2007-08  caused a bubble in commodities and propped-up the unrealistic real estate / property asset  valuations, more than actually protect jobs and  other reputed public-interest effects conveyed by by complicit peculators in corporate-media. Free-market companies and economies are no longer able to grow evolve and founder on their own idiosyncatic risk i.e. as Schumpter's "Creative-Destruction" model of capitalism; instead they take propping-up with public money. These systemic risk companies have come about through globalisation and related deregulation of anti-trust and anti-monopoly policies. These safeguard policies diluted means globalisation and deregulation are dirty words. Despite moron economists and media lies.

The  big pharmaceuticals conglomerates corporations DO exactly the same with human lives - that is, help people live longer by being dependent on their medicines. Laissez-faire capitalism or branded widely as "Neoliberalism" policies since 1980's in all reality died a death in 2007-08. Yet the sovereign public debt in the major economies that have ballooned since that US-led housing and financial crisis is the result of policy failure to allow capital asset destruction. Financial and housing assets should have legitimately crashed, not just temporarily out of panic and ensuing fundamental bubble re-valuation, but without the State intervention with taxpayer money to uphold excessive notional valuation. The 1% of society's asset or wealth owners and the larger middle-class beneath them should have had their bubble-inflated assets wiped out - but for the benevolence of the "ragged-trousered philanthropists", the public!

For example, shareholders in Citigroup Inc  suffered at the height of the financial crisis when the global retail and corporate banking 'big bank' reflected distressed and insolvent fundamentals with share price trading as low as between USD 1 and USD 5 (before stock split). However, the American taxpayer has been burdened, not just the present generation but  future generations too, with Government policy supporting the 1% asset owners with multi-billion Dollar public money infusions and backing. US Treasury department's stated reason for the support was that Citigroup was a "systemically significant" bank and industry. The scale of the taxpayer support for a publicly held / listed company is shown from this excerpt: 

...Treasury in November 2008 gave Citigroup a $20 billion emergency infusion, on top of $25 billion received the prior month, from the $700 billion TARP fund. The government also backed about $300 billion of Citigroup assets, helping to prop up the New York-based bank as its share price plunged below $5 and some depositors withdrew funds. (Source Bloomberg, January 13, 2011 "Citigroup Bailout Based on ‘Fear of the Unknown’")

This one example highlighting Citigroup of why the creative-destruction cycle was not permitted in a supposed free-market deregulated economy is the rub, that should cause repugnant revolt from the public about the 21st century con-trick of "neoliberalism": "Private Profits Public Losses" or "socialising losses". The systemic thieving from the public purse is not a new one; Governments of the day or #politiciansRcriminals have enforced prudent austere policies, such as public services cuts, on the greater mass of the public in the name of reigning-in national debt levels; while at the same time systemically allowing the capitalist-wealth class to accumulate private profits in staggering amounts. Evident by the wealth inequality in societies.

To complete FPM's geopolitic vision using the Citigroup example, is the price chart. This shows a story of euphoric excess and deflating stagnation. 

The Iceberg That Titanic Citigroup Inc Hit: Yet Not Sunk! (Source: FPM, Yahoo)

In a progressive outlook Citigroup is not a zombie economy constituent but a tell-tale of not allowing creative-destruction to run its course. As demonstrated the "big bank" model in all likelihood has lost its faithful followers and investor adherents; and subsequently exposed  the folly and sheer criminality of Government policy failures of flooding these financial bastions with public capital / debt. The new alternative media exposed multi-trillion financial criminality - fraud is too lesser word - has been described as the corrupt crony capitalism of neoliberalism, which engulfs the major profession of politics, judiciary, mains stream media, public relations and of course the banking cartel, all and more pulling the "hidden-hand" strings.    

Others suggest public funds used after reckless and scandalous corporate recessions, in the name of economic stability policies have artificially kept interest rates low, and prevented mass scale corporate insolvencies and debt default. Of the numerous "jackanory" stories, really truly it theft by robber barons. As one property builder once pronounced memorably for this author  at a builders' merchant store counter, while paying for his purchase: "You Ought To Wear Balaclava, That's Daylight Robbery!"

The systemic stealth transfer of wealth from public sector to private sector has been happening since Second World War on a "Lion-Zion" scale. Currently Dissembling As "Middle-East Regime Change" and "Privatization Of Government and Functions". (Source: FPM and Naomi Klein)

  

In Great Britain yet another round of so-called “Quantitative Easing” was instigated by its Canadian-origin central bank governor Mark Carney. This monetary re-assurance was allegedly to support the expected slump following Britain's public national election to exit from the European Union globalisation project on June 23rd, 2016. In FPM geopolitical vision, this is simply the greatest transfer of public wealth to private concerns. 

No Smoke Without Fire: Of Reputation (#NSWF:Reputation) know who these private concerns are by historical reputation. To name two direct at hand, @richardbranson of Virgin Group (and FPM's financial honing of reputation @stevencohen of #SAC Capital et al.)

Stop Press! Opposition Leader Of UK Labour Party #Corbyn Encapsulates Re-Nationalisation, And Heads Into a #Train Crash With Billionaire Corporate Conglomerate Owner #Branson... (Source Twitter Date 25th Aug 2016)

FPM believes the economic-policy course needs to be re-directed towards real fiscal or Keynesian-driven expansion, and beyond only capital market support. The real economy or at least the public sector spending has been squeezed ie in recession and austerity; while financial markets and real estate and other selected sectors of the economy (military spending) have been taxpayer supported and still surviving. Once the directed will is there the way to a “sustainable new paradigm of economics” is possible.

The drivers for the new paradigm of sustainable economics; certainly a shift away from the current #neoliberal agenda are numerous:

a) stagnation state of trade and commerce in traditional sectors (eg fossil fuel energy exploration and production. Traditional industries hit i.e. Nasdaq outpacing Dow and Standard and Poor benchmarks of future corporate  valuations)

  

b) much needed overhaul in E.S.G principles (eg combatting systemic corporate corruption; Steven Cohen of leading hedge fund famously paid US$2 bn to settle with the US Governments and agents etc)

 

c) excessive public private and corporate debt and eventual need for debt destruction eg USA National Debtis US$ 19.5 Trillion now (Source: http://www.usdebtclock.org/)

The illustrious manager of Pimco’s bonds funds, Mr William Gross, stated that on a long-term basis, governments are likely to use financial repression, where the rate of inflation is higher than bond yields, to erode the value of sovereign debt over time. The late Barton Biggs, Morgan stanley strategist also stated in Mid-2011 that debt devaluation is less painful than debt destruction as a long-term course. (Source FPM; Bloomberg - 2011)

d) public-policy led geopolitical agendas (eg competitive foreign exchange devaluations; nationalism spurning #globalisation – eg “Brexit”; et al)

e) climate change concerns changes everything ("redundant assets" i.e. oil reserves reported in oil company stock valuations)

f) loss of trust in politics spawning alternative leadership and policy direction (e.g. Trump in US, Corbyn in UK; etc)

g) An Olympian ideal of greatness which can only be locally inspired while thinking global. Brazil Rio 2016 Olympics about national pride for us in London #claphamCommonm #ProudBrit via #Brexit. 'Brits' were and are worldly without subscribing to clubs of nonsense to with pretext to unite nations (Once upon a time British Knights supported Teutonic German comrades to "crusade" Christianity! How did that turn out?). A little Britain just finished 2nd in the Olympic medal table. 

Are Investors Really Out There: #Brexit & Siva

The title of this post is a reference to our exposition “The Search forAlpha: Soros of the Euro?”, way back in October 2011. Below is the extract from the opening paragraph:

“We know hedge fund managers are out there but are they "really out there", say with a macro play to break-up the Eurozone's common currency the Euro? Like the one George Soros spearheaded causing the exit of the British Sterling from the European Exchange Rate Mechanism in 1992?”

The title of this post is also a play on the theme with “Siva” being the “Soros” of Euro breakup vanguard. FPM bases it fundamental view, held since the EU inception, on the fact that the capital markets, particularly “forex trading” lost a swathe of business from foreign-exchange trading. This happened with the elimination of Francs, Deutschmarks, Lira, Pesetas, Guilder etc when a new Union currency was hypothesised and eventually introduced in 1999. This represented a radical shift in the geopolitics tectonic-plates of European national sovereignty; an identity which has been at the heart of an  advanced economic society of the last 200 years, since and before the industrial revolution. 

To put the European Union project in a relative context for comparison, the tectonic-plate shift would be akin to, for example, the South East Asian region being regulated towards consolidation  or unification of their numerous car manufacturers. Loss of car firms instead of  the EU currencies is the comparative. The disappearance of car manufacturers in just two of the major economies of the region would represent a seismic  loss of business. Considering just Japan and South Korea,  the following list is  only some of the car companies, that would disappear: Toyota, Honda, Hyundai, Kia, Daewoo, Daihatsu, Nissan, Mazda etc. Perhaps these companies are replaced by one or two regional mega car manufacturers. 

That comparative example would see national car companies  disappear to leave one large regional conglomerate and loss of car manufacturing business in some countries. While those countries retaining the less-is-more car-production facilities in the region may benefit from the mergers and acquisition in the automotive sector.  Arguably, whether theories of monopoly businesses eliminating wasteful competition, or a degree of  competing oligopoly business model etc, prevails is left to impotent academic economists. FPM principals in their practical and studied considerations suggest these corporate M+A, and similar social unification have its profound rationale in geopolitic and realpolitik - not mere commercial sense. This is really the issue for in this changing  mileu, which FPM is developing to a crest through its triumvirate enterprises (convergence, no smoke without fire: of reputation and M+A in alternatives).

Back to the case in point: winding-time forward from inception of the Eurozone of countries adopting the common currency, and we have K Kristian Siva, principal of FPM, uncompromisingly and absolutely speculatively promoting  the raison d'etre of the thin-end-of-wedge European Union project, as it is now and what it implies. This one-size-fits-all regional entity therefore occasionally casts doubts about the existentialism of the representative Euro currency. FPM  does not believe it is wholly an existentialism crisis for the Union project at this stage; more that the mainstream media narrative is used as rhetorical tool to instigate capital market devaluation of the Euro currency. This is indeed in keeping with global sovereign currency devaluations taking place. Devaluation maintains national competitiveness in global trade i.e. imports become expensive and exports cheap, and viceaversa . The exchange rate of a national currency determines health of an economy relative to others. Depreciation of national exchange rate have been   taken in turns by China, Switzerland, EU and Japan over recent years. Among these sovereign currency super-powers, there is indeed “Currency Wars” which are preceded by the “Trade Wars”. STOP THE PRESS!

US slaps China steel imports with fivefold tax increase - BBC.CO.UK 18 May 2016

Whatever scenario unfolds, just as in 1992 when the British pound exited the Exchange Rate Mechanism - ERM, a forerunner to the Euro currency (and hence why FPM and other foresighted experts describe the EU project as being implemented through  thin-end-of-wedge policies towards ultimate Federalism of Europe), the British are again central to the plans for homogenization of distinct European countries. The EU project has been in the making since 1953 when 6  European countries were inaugral members, through the Treaty of Rome, or some other grandiose "conflab" event. This time round the British citizenry are not represented by the Government making decisions about being part of the EU block, but relevantly by a democratic voting referendum of the people. It was then the Conservative alias Tory government under the lead of UK Prime Minister John Major after Margaret Thatcher's epochal innovations that forced exit from Euro project.

This time round it is the British people who decide whether it has been good FOR THEM over the last nearly-40 years since 1977, when EU and Milton Friedman school of capitalism / economics came to the fore. also to the fore came  “realpolitic” by Morgenthau, espoused by uber internationalist Henry Kissinger.

"Some good, some bad!” is what most people will say with personal relevance about the EU. But economically and in investment terms that era has left exponentially big national sovereign debts. A debt which the citizenry ultimately pays for through loss of municipal amenities and through greater taxation. To a point of catastrophic credit crisis, viz Greece played out as a microcosm of many many other countries' impending crisis. Some perspicaciously blame a model of the world, which is based on debt servitude and lacking idealism, on the moneylenders' creed. 

Robert Schuman (one of the founders of the EU) warned in 1963 that political counterfeiters were already undermining European democracy.

   
A people vote for Britain to exit (#Brexit) the European Union in the EU referendum (#EUref) on June 23^rd, 2016 by indigenous Britons, as opposed to unnaturalised UK citizens from Europe and other places over the decades, begins to unwind the first pillar of globalisation, which is rapidly heading  towards an "Orwellian 1984" New World Order. A one world government  ambition  which we as a global citizenry are most definitely currently  disastrously heading towards. The unwinding of the EU project, first and foremost, would damage the international capitalists from their hegemonic megalomaniac machination for the global population. An elitist ambition which has produced decade-long future austerity, sell-off of national assets and global wars, as well as greatest wealth inequality in populations. And Climate Change!

FPM's recommended  short play on the Euro versus the Dollar via an Exchange Traded Fund - ETF is ETFS 3x Short EUR Long USD (SEU3).

And as pictures speak a thousand words, below the ETF's is the performance over 5-years  and the past 1-Year is juxtaposed:

To Be Continued (only if you don't geddit yet idiot Brit!)