Good Money and Bad Money: the Rules have Changed

There is good money and bad money. If you took out a mortgage in order to buy a house or a long term loan in order to buy an assets between 1964 and 2008 in most developed or developing nations in the world you borrowed good money and repaid in bad money. If you saved money between the same periods in a deposit taking institution you parted with good money and in most cases got back bad money years later. In 2008 the rules changed although most ordinary people did not know it, because the rule change was not generally known.  Continue reading

Exorcising Lawyers

My computer is making strange noises, so I had better write a short article today, just in case.  I find that a group of “radical activist performance artists have performed what they describe as a exorcism outside the offices of lawyers King & Spalding in order to publicise and complain about its work in Transatlantic Trade and Investment Partnership litigation. they fear that the “partnership will enable large corporations to prevent governments from pursuing the interests of their citizens where such interests conflict with those of the large corporations.  Continue reading

“A poor excuse for picking a man’s pocket”

Yesterday was the first of May, which was the most important holiday to the communist rulers of the world, when they did rule much of the world. Today it is somewhat of a functionless holiday. In Britain in comes a little too early and occurs just a few weeks before another public holiday, Whitsun, now officially known under the politically correct epithet of Spring Holiday. Continue reading

A Big Battery

There are very few genuinely innovative energy products. The problem with energy is that the laws of physics limit what can be done and when it can be done. In the case of electrical energy we have the means of generating electricity from non fuel sources, – wind and light – but until now no really easy means of storing the electricity that we can generate. Attempts to feed solar and wind generated power into a grid fail to be effective in large emission reductions; because of the intermittency of the source of energy we need to have large power stations running on standby by, wasting fuel and creating emissions, to cover the times when the wind does not blow and the sun produces no light. Continue reading

Rescuing The Climbers of Everest

When people go to climb Mount Everest those people know that they will be risking their lives. they assume the risk for the thrill of climbing the world’s highest mountain, knowing that if something goes wrong their lives will be in great danger. Climbing Mount Everest has become a thrill seeking tourist attraction since Edmund Hilary and Sherpa Tensing made the first recorded climb in 1953. When the earthquake struck Nepal recently there were a thousand people climbing the mountain in various stages. Continue reading

How to Defraud People

Barclays has set aside £800 million to pay fines for being involved in rigging foreign exchange markets. In November, HSBC, Royal Bank of Scotland, UBS JP Morgan Chase, Citibank and Bank of America have all be fined for rigging foreign exchange markets. No one has gone to prison and the ill-gotten gains for these frauds cumulatively must exceed many billions of dollars. The lesson of this is obvious. Continue reading

Don’t Tell Mr Barroso That!

All the big oil companies claim to be aware of global warming and all claim to be fighting it in their own ways. It is good publicity for them. The truth, of course, is that all oil companies want to see their businesses prosper and unfortunately if we were to do anything to reduce emissions their businesses would fail, or else reduce in size quite considerably. It should therefore come as no surprise that Shell have been lobbying the European Union very aggressively and it seems persuasively to reduce renewable energy targets. This was part of the negotiations which led to an EU wide climate agreement in October 2014 which the then European Commission President, Jose Manuel Barroso, said was “real progress” in the fight against climate change. Continue reading

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