EU Referendum

I have just researched Google to find the advantages that the UK has for its membership of the EU. Sites were difficult to find. The best arguments came from – United Kingdom. There is a site this is dated and 2007 and looks like a Gordon Brown fudge. There is also a treasury site of April 2005. The Europa site made a good fist of finding reasons to belong to the EU, but whether £50,000,000 a day value is a matter for the readers judgement. As most people know, the government is not prepared to do a cost benefit analysis of EU membership at present

The Europhiles seem to keep a low profile. Very few blogs, very few features in the press informing the public of the benefits of EU membership. Few high profile business leaders announce their views on the European venture. The Eurosceptics must identify the opinion formers who are going to use their influence to oppose the UK leaving the EU. All these people either don’t exist or keeping their powder dry. Of course there may be opinion formers in the Eurosceptic fold who  keep a low profile.

The Eurosceptics should assume that there will be a referendum. At present they have no leverage regarding the time and the date or the question asked. Assume the referendum could be called at any time with a poll in three weeks. Say all political parties advise a vote for the status quo, the Eurosceptics will be left stranded, not knowing who their enemies or allies are and they will also be underfunded.

Start planning a fund to support an out vote in a referendum, plan the publicity campaign. Identify business leaders in support. Assume those who don’t support, wish to stay in. Don’t push for the referendum until all preparations are made. Remember the referendum is not the objective, WINNING the referendum is the objective. The only way to win is organisation.

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The Civil Service and How It Rules You

This is not original, but it deserves an airing from time to time. I am sure most can identify events where these rules have been applied. 


The Seven Rules of Bureaucracy


Rule #1: Maintain the problem at all costs! The problem is the basis of power, perks, privileges, and security.

Rule #2: Use crisis and perceived crisis to increase your power and control.

Rule 2a. Force 11th-hour decisions, threaten the loss of options and opportunities, and limit the opposition’s opportunity to review and critique.

Rule #3: If there are not enough crises, manufacture them, even from nature, where none exist.

Rule #4: Control the flow and release of information while feigning openness.

Rule 4a: Deny, delay, obfuscate, spin, and lie.

Rule #5: Maximize public-relations exposure by creating a cover story that appeals to the universal need to help people.

Rule #6: Create vested support groups by distributing concentrated benefits and/or entitlements to these special interests, while distributing the costs broadly to one’s political opponents.

Rule #7: Demonize the truth tellers who have the temerity to say, “The emperor has no clothes.”


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EU bail out fund

Tis is an extract from Open Europe 11/05/2012
UK’s EU bailout fund guarantees “may not be legally binding”
The Times quotes Open Europe’s director Mats Persson, discussing the EU Bill set out in the Queen’s speech to enact an EU bailout fund treaty change. He says: “There are two issues with this EU treaty change that could cause big problems: first, it allows the eurozone to integrate further with consequences for UK interests; second, the quid pro quo guarantee that the UK won’t be forced to contribute to euro bailouts in future may not be legally binding.”
Times Open Europe blog

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Quantifying a billion

This is too true to be funny. The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money.

A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of its releases.


A billion seconds ago it was 1959.


A billion minutes ago Jesus was alive.

A billion hours ago our ancestors were living in the Stone Age.


A billion days ago no-one walked on the earth on two feet.


A billion Pounds ago was only 13 hours and 12 minutes, at the rate our government is spending

Stamp Duty
Stamp Duty    Corporation Tax

Income Tax
Council Tax
National Insurance Tax
Fishing Licence Tax
Petrol/Diesel Tax
Inheritance Tax
(tax on top of tax)
Alcohol Tax
Marriage Licence Tax
Property Tax
Service charge taxes
Social Security Tax
Vehicle Licence Registration Tax
Vehicle Sales Tax
Workers Compensation Tax


Not one of these taxes existed 100 years ago and our nation was one of the most prosperous in the world.

We had absolutely no national debt.

We had the largest middle class in the world. Mum stayed home to raise the kids, Dad was allowed to discipline kids.
A criminal’s life was uncomfortable.

What the hell happened?
Political Correctness‘, Politicians or both?’
I hope this goes around the UK and beyond
at least 100 times.

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Understanding Derivatives

A Primer

Heidi is the proprietor of a bar in Detroit …
She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar.
To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.
Heidi keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Heidi’s bar. Soon she has the largest sales volume for any bar in Detroit .
By providing her customers freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.
Consequently, Heidi’s gross sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi’s borrowing limit.
He sees no reason for any undue concern because he has the debts of the unemployed alcoholics as collateral!
At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS.
These “securities” then are bundled and traded on international securities markets.
Naive investors don’t recognise that the securities being sold to them as “AAA Secured Bonds” really are debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb – and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.
One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi’s bar.      He so informs Heidi.
Heidi then demands payment from her alcoholic patrons.  But, being unemployed alcoholics — they cannot pay back their drinking debts.
Since Heidi cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and Heidi’s 11 employees lose their jobs.
Overnight, DRINKBOND prices drop by 90%.
The collapsed bond asset value destroys the bank’s liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.
The suppliers of Heidi’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the BOND securities.
They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds.
Due to her bad debt, her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations.   Her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.
Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings-attached cash infusion from the government.
The funds required for this bailout are obtained by new taxes levied on employed, middle-class, nondrinkers who have never been in Heidi’s bar.

Now do you understand?

This not an original work, but I thought it needed further publicity. (I have nowhere to drink now!

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