There seems to be some feedback coming through to me about how the U.K leaving the EU would be bad for the UK economy – utter tripe I’m afraid

I would suggest the UK leaving the E.U would:

1. Create 1 Million jobs

2. Save the U.K £125 Billion per year in red tape, contributions, bureaucracy and tax receipts from new jobs

3. Allow the UK to go on and become a prosperous country instead of a piss poor state where 75% of the laws are laid down by un-elected European bureaucrats.

The idea that us leaving the E.U would cost jobs is ill thought out nonsense by Socialists who can not add up. We run a £30 Billion trade deficit with Europe – what kind of economist suggests that the UK leaving the EU would mean the imposition of taxes and tariffs on U.K exported goods by countries who rely so heavily on the UK for their exports – its nonsense

BUT – AND FAR MORE IMPORTANTLY – These issues of UK jobs losses are proposed by people who have not worked out that future export markets do not lie in Europe [ an area self destructive, economically and politically - and this is terminal as Europe destroys democracy and turns itself into a large Socialist Republic] but in China, India, Russia, Africa, South America, Canada, Australia – and all the other countries who are on the front foot not in terminal economic decline

The trouble with most economists [ particularly at LSE] is they’ve never run a business [ I run a business and cannot employ people in the U.K due to EU regulations making it too expensive - 3 immediate jobs lost ? multiply thousands of times over the country] and they use economic models based on past data as they cannot think cleverly enough about the future and I’m afraid a lobotomized monkey could work out what the economic future of Europe looks like

There seems to be an overwhelming call amongst European leaders to “end” or at least relax the austerity measures currently in place – certainly amongst Southern European states – heaven forbid at this rate there will be uncontrollable social unrest if we’re not careful!

To say this totally misses the point is a bit of an understatement. So lets clarify exactly what European leaders are saying [ such as Barosso].

We have no choice but to stop borrowing unlimited amounts of money and creating a false illusion of jobs and growth but heck if we do that our economies will totally go down the toilet because they are built on a house of cards and a total illusion. So therefore we need to cease with austerity and go right back to borrowing money , creating more debt and unsustainability - in fact let’s make all the mistakes we made over the last 10 years and create even more instability, insuring still further [ if that's possible] that Europe is destined for economic, social and political meltdown – lets abandon austerity which is desperately needed because it just “ain’t” going to get us re-elected!

Austerity is not a choice – it’s what all of Europe will need to endure for decades. A recovering heroin addict doesn’t not wake up one morning and say “heck” im fed up of all this sobriety I’m gonna get back on the drug ? If he does he’s dead ?

Europe – please don’t tell me they have even begun to realise the magnitude of their problems yet – let alone made any steps whatsoever toward sorting them out.

As Global projects go this is a beauty !

As we are reminded by European leaders this week of the passing of the crisis and the return to stability lets celebrate the Nobel Peace Prize winning project by taking a look at what the last 13 years has achieved for Europe;

Mass unemployment, crippling youth unemployment [ circa.50% in most southern European states], the total abolishment of democracy,youth aspirations and youth future crushed,  governments stealing from the people [ not only Cyprus but new proposed plans to withhold property wealth from Southern European citizens], starvation , abject poverty, centralisation of power in an un-elected and non accountable parliament, misery, chaos,economic meltdown, the total destruction of small business across Europe, suicide, protests and street riots across Southern Europe, Ms Merkel’s picture tainted with a swastika posted outside Greek Parliament building, the re-emergence of much more powerful extreme right-wing groups across Europe, huge social unrest in Germany [ yes Germany], higher taxes, more red tape and bureaucracy, manipulated financial markets held up only by money printing, abolishment of free trade and free movement of citizens [ yep exactly what it was supposed to be set up to do], capital controls, suspension of free capital markets and speculation [ don't you dare sell a European stock and bet against the state] and on and on and on and on………..

I truly think a lobotomized monkey could work out where this is going but unfortunately Europe seems to contain too many “beige” leaders and citizens in the year 2013 !

What a wonderful success and deserving of the Nobel Peace Prize.

Is this what it set out to do ? Completely screw 45% of the total population of Europe?

Anyway must run – need to go buy more Euro’s and German stocks as of course it will all be okay in the end .. the Governments have promised us that will be the case?

Sad news to hear of the passing of Baroness Thatcher – a great leader, Prime Minister and an inspiration to so many.

I was bewildered watching the BBC News on the night she passed to be confronted by a student looking chap declaring he was “glad she was dead as she destroyed the community he grew up in”

Maybe someone should explain to him that what is more than likely is his community was a victim of changing times and circumstances. No longer could it exist in an industry that trade unions has made un-competitive and no longer was the Government going to state fund a factory such that Union members could go to work, take their sleeping bags and sleep on the night shift.

I’m sure as long as he picks up his benefits cheque at the end of the week instead of “man-”ing”" up and getting a job – his anger will calm down !

Where as events in Cyprus this weekend are pretty appalling they simply go to show the current state of thinking amongst Europe’s Comrades [ leaders sorry] and its verging more towards heavy-duty socialism by the day.

Least we forget and God am I bored with saying it – absolutely none of Europe’s problems have been tackled, the fundamentals are getting worse and the financial markets have been totally suckered into the lies and deceit of Europe’s leaders as they have spent a busy six months telling the World how the worst is behind Europe – without actually doing anything. Meanwhile all the economic numbers that actually matter i.e. unemployment, German car sales, retail sales, deficits etc continue to worsen daily , weekly and monthly – it really is an accident waiting to happen.

Cyprus is not a big deal unless you happen to be a Cypriot bank depositor of course – but what really matters here is that all of the cards are now stacked in a very dangerous way and as www.zerohedge  points out – everything i snow in place for the disaster to begin to unfold.

In my humble view we may have a little longer to wait but Europe is heading for meltdown and when it does I will be charging $25,000 an hour for my lectures and speeches – it’s a shame that a lot of others cannot see whats coming – I wager the average 5-year-old could work it out but then the average 5-year-old doesn’t control trillions of Dollars of Global Capital – we leave that to the blind and the stupid

Fact 1 – In real terms the Japanese Equity Market is hitting a 29 Year Low even with the Nikkei  rallying to 11,500

Fact 2 – February 6th 2013 – an EU Official states “Things are going well in Greece” – Same day someone trampled to death in a handout of free food for the starving Greeks ? Oh the success of the Euro zone

Fact 3 – The LBO announcement of Dell is not the holy delivery of the saviour of Economic growth from this point on. Aren’t LBO’s debt based – surprise surprise !

Fact 4 – The Economic situation in the Euro zone is still deteriorating. Nobody is / has addressed any of the fundamental reasons [ nor will they] – The idea the crisis is over takes the biscuit as the single biggest fallacy I have witnessed in 25 years in this job – wake up and smell the coffee !

Fact 5 – The U.S CONTINUES  to add more debt to the $16.something TRILLION it already has – there is no economic growth in the USA – there is just more debt building up

Fact 6 – when it happens – and believe me it will ….. please don’t whine about your investments or blame the financial sector – blame yourself and your local M.P if you were a big enough sucker to believe the hype !

Good luck……..

Since the Global Financial meltdown of 2008 and the resultant need for banks to be bailed out using tax-payers money, there has been a relentless surge in media attention on the financial sector and all that is wrong with it. Yes there is an awful lot wrong with it – there are corrupt, un-ethical and downright devious people who work in it. Just like every other industry – public sector or otherwise –  in the U.K.

The fact is that the media do seem to like a sensationalist story that satisfies what they believe to be the “way” the general public is thinking. The media it seems are almost fuelling a witch hunt in the U.K financial services sector. To a degree that is justifiable because there are people in the U.K financial services sector who should be punished – but we already know who they are , where they are [ mostly in new and better paid jobs] and yet nothing seems to be done about them?

Why focus solely on the UK financial services sector when Instead of/ as well they could be getting their teeth into the absolute myriad of corruption, waste and un-ethical behaviour in the U.K public sector – something has contributed a far greater weight to the current state of the U.K than the financial sector ever did In terms of its cost to the British taxpayer! The media choose instead to continue to focus on every new story and every new revealing insight into “City” shenanigans. Don’t get me wrong – the most recent scandals to beset the city – the LIBOR scandal and the UBS rogue trader scandal – are both symptomatic of what is wrong with the Financial Sector – and that is a lack of capitalism in a capitalist sector? What do I mean by this?

Go back 100-150 years when the U.K was a great industrial empire , as was the U.S for that matter , and you found that senior people in large corporations basically had a large ownership stake in the companies they ran. There was accountability to the stock holder because senior management took responsibility for their decisions [they were the stock holder]. Not only that but senior industrialists were accountable for their actions and most probably feared the consequences of miss-management and corruption too. After all back then we had a proper legal system that actually had the balls [if you’ll excuse my French] to punish people.  If problems ensued people starved – plain and simple. Come back to the present day and now what do we have? We have a system where those in charge at major U.K institutions [including the banks] have no stake in what they are doing, they are not punished for their devious and downright stupid acts and they find it easy to deny responsibility for their actions – corrupt or otherwise. The examples are too numerous to mention but what is Fred “the Shred” doing now? What is John Corzine , x- Goldman CEO and CEO of MF Global as it became the 12^th biggest bankruptcy in U.S history [ in very spurious circumstances] doing now? Are they in prison, in a lunatic asylum or banished to the heap of “never to take on a senior job every again society”? No they haven’t even been punished or struggled to get back into good jobs? What happened to the management team at UBS responsible for overseeing the rogue trader there that cost the bank £1.6 Billion? Are they in prison too? I bet they haven’t even left their jobs if the truth be told!

So talking of a lack of management, responsibility and un-ethical behaviour we can turn our attentions to the U.K public sector. Excuse me but didn’t the Government fail on the biggest I.T project in history – the NHS computer system? Wasting tens of billions of pounds of British taxpayer’s money trying to develop a system that doesn’t even work? What about the scandal after scandal in U.K local councils? Their dubious contracts with the private sector, their wastage of tax payers’ money and their in-efficiency? Excuse me but didn’t the last Government in the U.K waste and spend the U.K into oblivion for the next 50 years? Who is responsible for this? Why aren’t the media focusing on these issues?  Yes the financial sector needs better regulation and yes there are scandals in the U.K Financial services sector but let’s get some perspective here.

Then of course there is Europe – the definitive example of corruption, miss-management, un-ethical behaviour and the one place that most media commentators seem up in arms about the prospect of the U.K departing from its clutches?

Ask yourself a simple question. What percentage of the U.K population is un-ethical, devious and criminally minded? Then compare this percentage to the people who work in the financial services sector, the Government, in industry, in the public sector – in any walk of life and I’d bet not only would the financial sector come out cleaner than most but it’s probably sitting at the top of the “ethical behaviour” league.

Wake up and smell the coffee somebody.