Germany is printing deutsche marks in preparation to leave the euro common currency, says Philippa Malmgren, a former economics adviser to George W. Bush.
"My view is that it is Germany that will have to pull out of the euro," Malmgren said at an investors' conference in London recently, according to the Citywire news website.
"The decision has already been made by the government that leaving the euro is a possibility. I think they have already got the printing machines going and are bringing out the old deutsche marks they have left over from when the euro was introduced."
Malmgren, co-founder of Principalis Asset Management, acknowledged that leaving the euro would be a radical move that would cause Germany's export prices to jump, but said German industries are strong enough to handle price increases, Citywire reported.
Other countries have let currency unions before, Malmgren said, citing the report, "Checking Out: Exits from Currency Unions."
Countries leaving currency unions are usually larger, wealthier, and more democratic and typically have higher inflation than their partners, according to the report, published by the Monetary Authority of Singapore.
Malmgren predicts that more eurozone countries will default, causing deep changes in society, Citywire reported. "It is important to begin preparing the public to deal with this situation."
Malmgren isn’t the only one saying the euro is in trouble.
"The euro is nearing its ugly end," said Stefan Homburg, head of Germany's Institute for Public Finance, according to The Telegraph. "A collapse of monetary union now appears unavoidable."
The Bundestag, Germany's legislature, approved more bailout funds for Greece but the growing rescue fund is becoming increasingly unpopular in Germany. Many economists and investment professionals say the fund is not large enough to save Greece and other eurozone countries from defaulting.
Meanwhile, Ireland's central bank reportedly is printing Ireland's old currency in case that country leaves the eurozone. At least that's the rumor circulating in Dublin, notes Alan McQuaid, chief economist at Bloxham stockbrokers in that city.
McQuaid, writing a guest commentary for The Guardian, says he's not sure if the rumor is true. But he does hope Ireland has contingency plans in case the euro disintegrates.
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http://www.moneynews.com/StreetTalk/Ex-BushAdviserGermanyPrintsOldCurrencyinCaseEuroDitched/2011/10/04/id/413225#ixzz1Zqpe4umZ
Tuesday, 6 March 2012
Saturday, 3 March 2012
THOUGHTS ON WORKFARE
Both sides in furore over the "workfare" programme in which unemployed young people had to work for firms such as Tesco's are in my opinion wrong.
On one side are the SWP (an oxymoron) who believe this is slave labour, forgetting that many can use the experience to get a toehold into the job market. They believe this is exploitation but I don't think so.
Many of the young people need a motivation and are not an asset to the firms. Many are actually a cost.
The ones who are not and show themselves to be punctual, reliable and concientious could be offered a job.
It is NOT slave labour but an effort to give young people a discipline which is needed in the jobs market.
That is the governments line. Many young people nowadays can not be relied to turn up on time and work when they are at their place of employment, but many more are willing to try hard and they should be helped.
The government claims that 50% subsequent to these schemes come off the dole and maybe they do, BUT in doing so they only replace others who may be trying for jobs.
THIS SCHEME DOES NOT CREATE ANY NEW JOBS.
The same number of people will still be in employment however the scheme goes and it will be of no benefit to the country.
The only way to reduce unemployment is to create NEW jobs which were not done before.
To do that tax breaks should be given to small employers as an encouragement to expand and create new jobs. Regulations and red tape should be cut.
I know several small businessmen who will not employ people because it is not worth it for them.
The employment protection act makes them reluctant to employ a new person lest they are unable to dismiss them without an expensive industrial tribunal which they can not afford.
Thus you have the situation that a law which sought to protect workers actually sentences thousand to languish on the dole through no fault of their own.
Business rates are killers for small employers as are fuel duties.
What stops our young having a future is the burden on business.
Serving in shops may give people the incentive to get up and work but it does not produce anything.
What we need is more productive occupations and in a global economy that can only be achieved by reducing the tax burden on industry which is like a millstone around their necks.
How can our businesses compete internationally when they are hindered by high taxes and regulations?
Our country should prune the parasitical bureaucracy which lives on the backs of those who actually do something of value.
But the wont. Government is infested by those who have either never lived in the real world or feasted on the efforts of the producers in cohort with their friends in the City.
Until we have a government which realise what motivates small firms to expand we will get nowhere.
BUT if new jobs ARE created they should go to British kids and not foreigners who work for a pittance.
Possibly a tariff of perhaps £10,000 should be charged on every foreign worker to help pay for those of our own who can not get a job.
What do you think?
On one side are the SWP (an oxymoron) who believe this is slave labour, forgetting that many can use the experience to get a toehold into the job market. They believe this is exploitation but I don't think so.
Many of the young people need a motivation and are not an asset to the firms. Many are actually a cost.
The ones who are not and show themselves to be punctual, reliable and concientious could be offered a job.
It is NOT slave labour but an effort to give young people a discipline which is needed in the jobs market.
That is the governments line. Many young people nowadays can not be relied to turn up on time and work when they are at their place of employment, but many more are willing to try hard and they should be helped.
The government claims that 50% subsequent to these schemes come off the dole and maybe they do, BUT in doing so they only replace others who may be trying for jobs.
THIS SCHEME DOES NOT CREATE ANY NEW JOBS.
The same number of people will still be in employment however the scheme goes and it will be of no benefit to the country.
The only way to reduce unemployment is to create NEW jobs which were not done before.
To do that tax breaks should be given to small employers as an encouragement to expand and create new jobs. Regulations and red tape should be cut.
I know several small businessmen who will not employ people because it is not worth it for them.
The employment protection act makes them reluctant to employ a new person lest they are unable to dismiss them without an expensive industrial tribunal which they can not afford.
Thus you have the situation that a law which sought to protect workers actually sentences thousand to languish on the dole through no fault of their own.
Business rates are killers for small employers as are fuel duties.
What stops our young having a future is the burden on business.
Serving in shops may give people the incentive to get up and work but it does not produce anything.
What we need is more productive occupations and in a global economy that can only be achieved by reducing the tax burden on industry which is like a millstone around their necks.
How can our businesses compete internationally when they are hindered by high taxes and regulations?
Our country should prune the parasitical bureaucracy which lives on the backs of those who actually do something of value.
But the wont. Government is infested by those who have either never lived in the real world or feasted on the efforts of the producers in cohort with their friends in the City.
Until we have a government which realise what motivates small firms to expand we will get nowhere.
BUT if new jobs ARE created they should go to British kids and not foreigners who work for a pittance.
Possibly a tariff of perhaps £10,000 should be charged on every foreign worker to help pay for those of our own who can not get a job.
What do you think?
Tuesday, 28 February 2012
THE EDL
I watched the programme featuring the EDL on television last night and imagined it would be the usual smear job on anything vaguely patriotic.
There was some arrogant portrayal of the members as working class soccer hooligans, but the programme did demonstrate the dedication of Tommy Robinson against the muslim onslaught which threatens our country.
The police in the programme were shown to be invariably against the EDL but tolerant to the extremist muslims who are against our country.
These ugly b**ggers should not be in our country but are allowed to promote their extreme views when English people are made to keep quiet.
They openly say that they want sharia law here and when they get it they will subject the rest of us, the native populations to their intolerant medieval ideology.
It was interesting that Luton had out a multiculti circus? no doubt at ratepayers expense to sooth the alien invaders which played to an audience of ?.
Nobody seemed interested in seeing this alien crap.
Of course many other local authorities put on similar exhibits at our expense in an attempt to brainwash the local people. It is sad that through our council tax we are forced to pay for our own brainwashing, and they hope demise.
Someday we will have our revenge and those implicated will face justice.
I respect the EDL and its work and believe with a bit better organisation they could create a movement which would tally with the views of most Brits and be unstoppable.
That's what they need. Organisation.
Cells should be created in many towns and with a code word demonstrate, all at the same time time at short notice. The authorities would not have time to respond and ban demonstrations.
I believe in democracy, the rule of the law and ballot box, but the powers in control are denying us our rights. If this situation carries on I fear trouble in the streets.
If our people continue to be oppressed they will eventually wake up.
Remember the rights of the ordinary people. Remember the Chartists and Peterloo.
We, the people fought and got our just rights in the past and we will do it again.
However the longer this undemocratic sore festers the worse it will be, so let's sort it out before it is too late and while we still have the upper hand.
I was inspired by the effort put in and the risks taken by this organisation which only seeks to defend our country.
If the programme was expected to show the EDL in a bad light it failed badly.
After seeing it I may enrol as a member.
There was some arrogant portrayal of the members as working class soccer hooligans, but the programme did demonstrate the dedication of Tommy Robinson against the muslim onslaught which threatens our country.
The police in the programme were shown to be invariably against the EDL but tolerant to the extremist muslims who are against our country.
These ugly b**ggers should not be in our country but are allowed to promote their extreme views when English people are made to keep quiet.
They openly say that they want sharia law here and when they get it they will subject the rest of us, the native populations to their intolerant medieval ideology.
It was interesting that Luton had out a multiculti circus? no doubt at ratepayers expense to sooth the alien invaders which played to an audience of ?.
Nobody seemed interested in seeing this alien crap.
Of course many other local authorities put on similar exhibits at our expense in an attempt to brainwash the local people. It is sad that through our council tax we are forced to pay for our own brainwashing, and they hope demise.
Someday we will have our revenge and those implicated will face justice.
I respect the EDL and its work and believe with a bit better organisation they could create a movement which would tally with the views of most Brits and be unstoppable.
That's what they need. Organisation.
Cells should be created in many towns and with a code word demonstrate, all at the same time time at short notice. The authorities would not have time to respond and ban demonstrations.
I believe in democracy, the rule of the law and ballot box, but the powers in control are denying us our rights. If this situation carries on I fear trouble in the streets.
If our people continue to be oppressed they will eventually wake up.
Remember the rights of the ordinary people. Remember the Chartists and Peterloo.
We, the people fought and got our just rights in the past and we will do it again.
However the longer this undemocratic sore festers the worse it will be, so let's sort it out before it is too late and while we still have the upper hand.
I was inspired by the effort put in and the risks taken by this organisation which only seeks to defend our country.
If the programme was expected to show the EDL in a bad light it failed badly.
After seeing it I may enrol as a member.
Sunday, 26 February 2012
CAN WE NOT MAKE A STRIKE FOR FREEDOM?
I read today of the man who at the airport made a comment that if he had to remove his scarf for security reasons, why should the person? in front of him in a burka go straight through.
He was just making a logical comment but was detained and told that you could not say those things nowadays.
It is said that a muslim woman was offended by his comments.
Well I am offended by these third worlders who are in my country.
I am even more offended by the power they seem to have in the affairs of my country.
I don't even want to have to look at the ugly women who have to cover themselves up to prevent others fancying them. Some chance if they are as ugly as their menfolk.
I was brought up to believe that we had free speech in OUR country.
I know that is not the custom in the third world cesspits whence these uninvited people stem.
BUT is it not time we started to protect our freedom of speech?
Are we free or are we not?
If we all, as British patriots could unite we could unleash a backlash against our oppressors and sort it out.
The method is obvious but I am constrained by the fact that if I spell it out I could be in trouble with the authorities.
Think about what you could do to destroy this cancer in our country and as British people come together and do it.
Let's stop this assault on our freedom in our country. They did it in Tunisia and Libya.
United we can do it here but we are too comfortable to take a stand.
We need a martyr to say "Arise Britain and take your country back".
Someday I may sacrifice myself for my country in that cause.
He was just making a logical comment but was detained and told that you could not say those things nowadays.
It is said that a muslim woman was offended by his comments.
Well I am offended by these third worlders who are in my country.
I am even more offended by the power they seem to have in the affairs of my country.
I don't even want to have to look at the ugly women who have to cover themselves up to prevent others fancying them. Some chance if they are as ugly as their menfolk.
I was brought up to believe that we had free speech in OUR country.
I know that is not the custom in the third world cesspits whence these uninvited people stem.
BUT is it not time we started to protect our freedom of speech?
Are we free or are we not?
If we all, as British patriots could unite we could unleash a backlash against our oppressors and sort it out.
The method is obvious but I am constrained by the fact that if I spell it out I could be in trouble with the authorities.
Think about what you could do to destroy this cancer in our country and as British people come together and do it.
Let's stop this assault on our freedom in our country. They did it in Tunisia and Libya.
United we can do it here but we are too comfortable to take a stand.
We need a martyr to say "Arise Britain and take your country back".
Someday I may sacrifice myself for my country in that cause.
Saturday, 25 February 2012
WELL DONE TO THE DEMONSTRATORS.
Although I have issues with the running of the BNP (but not the policies) I take this opportunity of congratulating them on their demonstration against muslim violence and paedophilia in Rochdale and Hyde.
I also welcome the Party's abandonment of the proscription of the EDL which has done sterling work in publicising the muslim cancer in our midst.
Without these demonstrations little would have been heard of the paedophile muslim perverts who so abuse our young girls.
The police have ignored this scandal for years in case it harms "community relations"
The papers in hock to the Marxist NUJ have been notable in their absence of reports on this scandal, concentrating instead of nasty things said to touchy overpaid black soccer players who are happy to take advantage of the white man's money but object when someone calls him black.
If the police and media continue to brush this paedophile scandal (a direct result of third world aliens being allowed in our country without our permission) the only way to bring it to the notice of the public is for street demonstrations.
These will continue and get more intense as our people feel ever more beleagured and abandoned by the police and media. More will rally to the cause of the defence of our land and people.
We hope violence will not occur but the patience of the people is wearing thin.
We as British people feel that we are under a tyrrany, just as many people in the Middle East have been and still are.
Someday we will regain our country as other countries have. I hope we do not have to gain it by violence but as recent events abroad have shown matters can change quickly.
The powers that be should not imagine that things will always remain the same. Gadaffi did as did Mubarak and now Assad and look where that got them
Our government should listen to the people, our people whom they are supposed to represent or they could suffer the same fate.
Having said that we must as nationalists put aside all previous arguments, forgive insults and concentrate on what unites us.
Only inflated egos of the leaders of the parties including the BNP prevent this.
We are all nationalists, patriots and love our country.
Can we not put our differences aside, concentrate on what unites us and work for our country.
United we could be an unstoppable force in spite of the PC police and media.
Come on you leaders. Get together and have constructive talks and form a nationalist grouping and save our country.
Egos are not important.
Our country and future is.
In the meantime boycott any foreign businesses, and support your own.
You know it makes sense.
I also welcome the Party's abandonment of the proscription of the EDL which has done sterling work in publicising the muslim cancer in our midst.
Without these demonstrations little would have been heard of the paedophile muslim perverts who so abuse our young girls.
The police have ignored this scandal for years in case it harms "community relations"
The papers in hock to the Marxist NUJ have been notable in their absence of reports on this scandal, concentrating instead of nasty things said to touchy overpaid black soccer players who are happy to take advantage of the white man's money but object when someone calls him black.
If the police and media continue to brush this paedophile scandal (a direct result of third world aliens being allowed in our country without our permission) the only way to bring it to the notice of the public is for street demonstrations.
These will continue and get more intense as our people feel ever more beleagured and abandoned by the police and media. More will rally to the cause of the defence of our land and people.
We hope violence will not occur but the patience of the people is wearing thin.
We as British people feel that we are under a tyrrany, just as many people in the Middle East have been and still are.
Someday we will regain our country as other countries have. I hope we do not have to gain it by violence but as recent events abroad have shown matters can change quickly.
The powers that be should not imagine that things will always remain the same. Gadaffi did as did Mubarak and now Assad and look where that got them
Our government should listen to the people, our people whom they are supposed to represent or they could suffer the same fate.
Having said that we must as nationalists put aside all previous arguments, forgive insults and concentrate on what unites us.
Only inflated egos of the leaders of the parties including the BNP prevent this.
We are all nationalists, patriots and love our country.
Can we not put our differences aside, concentrate on what unites us and work for our country.
United we could be an unstoppable force in spite of the PC police and media.
Come on you leaders. Get together and have constructive talks and form a nationalist grouping and save our country.
Egos are not important.
Our country and future is.
In the meantime boycott any foreign businesses, and support your own.
You know it makes sense.
Friday, 24 February 2012
ANOTHER BETRAYAL
The days are getting lighter, warmer and spring is on the way and yet,
I'M GETTING EVER MORE DEPRESSED.
Why?
Because of the daily dose of bad news and betrayal of our country by those supposedly running it.
Every day Cameron has a new "initiative" often concerning such matters of importance as racism in football.
I don't give a st**f about either of these topics but am concerned that the MOD has given an order for four RN supply ships worth £400 million to South Korea.
Their excuse is of course economy and they have said that British shipyards did not bid for the order. I don't believe that one.
Possibly some of our shipyards need upgrading but how do they manage that when our own navy will not give them orders?
How will we retain what little engineering skills we have and train new apprentices when we give valuable orders to foreign firms?
The government seems to have found £200 million for Somalia. Surely it could find the money for a tax break to the shipbuilding industry, a break which is a fraction of the bonuses just handed out to our loss making governernment owned banks, or the amount Philip Green "saved" from his business in cheap foreign tat by transferring his tax to his wife in Monaco
Such assistance would be a step to secure PRODUCTIVE jobs and have a multiplier effect in the steel and associated small companies.
But no. All effort is expended on assisting the unemployed to gain employment as shop assistants and burger flippers. One of his latest ideas to combat unemployment was tax breaks for those employing servants,very helpful to city types.
Do they not realise that the money they are spending in Korea or giving to Somalia has to be paid for by production here in Britain and nowadays by borrowing?
Or is it all part of a plan to finally put the last nail in the coffin of our country to satisfy their rich friends in the City and othere who profit at our demise?
I believe it is.
Just think if we had a government which supported, not through subsidies but low taxes for engineering, ships etc, coupled with an efficient management we could be as prosperous as Germany where they put industry as top priority.
But they won't. They will just continue to support the banks at our expense as well as every fly blown terrorist country.
They are quite happy to offshore production in the "interests of efficiency"
Our banks liabilities are unknown but are far bigger than admitted.
A suggestion. Sell RBS to Korea and let them take all their experts and liabilities with them.
But then would Korea want to have these "valuable" assets and the "expertise" they would bring?
They wouldn't touch them with a lifeboat pole from one of the ships they are building "for us"
I'M GETTING EVER MORE DEPRESSED.
Why?
Because of the daily dose of bad news and betrayal of our country by those supposedly running it.
Every day Cameron has a new "initiative" often concerning such matters of importance as racism in football.
I don't give a st**f about either of these topics but am concerned that the MOD has given an order for four RN supply ships worth £400 million to South Korea.
Their excuse is of course economy and they have said that British shipyards did not bid for the order. I don't believe that one.
Possibly some of our shipyards need upgrading but how do they manage that when our own navy will not give them orders?
How will we retain what little engineering skills we have and train new apprentices when we give valuable orders to foreign firms?
The government seems to have found £200 million for Somalia. Surely it could find the money for a tax break to the shipbuilding industry, a break which is a fraction of the bonuses just handed out to our loss making governernment owned banks, or the amount Philip Green "saved" from his business in cheap foreign tat by transferring his tax to his wife in Monaco
Such assistance would be a step to secure PRODUCTIVE jobs and have a multiplier effect in the steel and associated small companies.
But no. All effort is expended on assisting the unemployed to gain employment as shop assistants and burger flippers. One of his latest ideas to combat unemployment was tax breaks for those employing servants,very helpful to city types.
Do they not realise that the money they are spending in Korea or giving to Somalia has to be paid for by production here in Britain and nowadays by borrowing?
Or is it all part of a plan to finally put the last nail in the coffin of our country to satisfy their rich friends in the City and othere who profit at our demise?
I believe it is.
Just think if we had a government which supported, not through subsidies but low taxes for engineering, ships etc, coupled with an efficient management we could be as prosperous as Germany where they put industry as top priority.
But they won't. They will just continue to support the banks at our expense as well as every fly blown terrorist country.
They are quite happy to offshore production in the "interests of efficiency"
Our banks liabilities are unknown but are far bigger than admitted.
A suggestion. Sell RBS to Korea and let them take all their experts and liabilities with them.
But then would Korea want to have these "valuable" assets and the "expertise" they would bring?
They wouldn't touch them with a lifeboat pole from one of the ships they are building "for us"
AN ENJOYABLE REUNION
Last Tuesday I attended a meeting in Tameside to hear Andrew Brons's opinions on the future of nationalism and the form it may take.
A video is on the "Ideas" website.
A highlight of the meeting for me was meeting so many old friends from the BNP before that organisation had been destroyed by the present leadership. It was like a reunion and heartening that though many attendees had become inactive or joined in other organisations the bond of nationalism was still there.
There was a full room in spite of the event being by invitation only in order to avoid disruption by hardened "Griffinites" and was thus low key.
It is a sad state of affairs when long term activists are frightened of their erstwhile colleagues that they fear to publicise such events.
In his speech Andrew was his usual reasonable and moderate self when he put forward the options available to us, the pros and cons of each.
No name calling ("vermin" "scumbag" etc, the language of the gutter). Andrew is far too cultured and polite than that and puts his points over in a reasonable manner
He urged us not to join one of the several disparate new groups which he said would tend to lead to division and separation of the various groups.
He advised that an umbrella grouping be set up under Jim Lewthwaite's "Democratic Nationalist" name in order that like minded people could keep in touch and even stand in elections.
This grouping could later reconnect with the other groups to which so many have drifted, not because they have any problems with the policies of the BNP, only disappointment and disgust at the way it has been run down deliberately or otherwise by the incompetent leadership. They feel they need a home and a party in which to belong.
And that is the core of Andrew's message. Drifting off in different directions will tend to separate people.
Our project must be to keep some semblance of nationalist unity so that when the present leadership of the BNP is ousted we can once again come together as a united cause for the sake of our country.
I realise that this can seem like inaction but that is better than the wrong action.
After the May elections we will have a better idea of the best policy to adopt, but the message I take from the meeting is that in future --
WE MUST UNITE ALL THE GROUPS and in the meantime keep the contacts open between these groups.
OUR TIME WILL COME but only when nationalism is free of those in the BNP who seem intent on destroying it.
There was discussion as to the best way forward in the question and answer session with various opinions, but all agreed with the importance of keeping in touch.
Another such "nationalist unity" meeting will be held next month. BNP hierarchy not invited I believe.
A video is on the "Ideas" website.
A highlight of the meeting for me was meeting so many old friends from the BNP before that organisation had been destroyed by the present leadership. It was like a reunion and heartening that though many attendees had become inactive or joined in other organisations the bond of nationalism was still there.
There was a full room in spite of the event being by invitation only in order to avoid disruption by hardened "Griffinites" and was thus low key.
It is a sad state of affairs when long term activists are frightened of their erstwhile colleagues that they fear to publicise such events.
In his speech Andrew was his usual reasonable and moderate self when he put forward the options available to us, the pros and cons of each.
No name calling ("vermin" "scumbag" etc, the language of the gutter). Andrew is far too cultured and polite than that and puts his points over in a reasonable manner
He urged us not to join one of the several disparate new groups which he said would tend to lead to division and separation of the various groups.
He advised that an umbrella grouping be set up under Jim Lewthwaite's "Democratic Nationalist" name in order that like minded people could keep in touch and even stand in elections.
This grouping could later reconnect with the other groups to which so many have drifted, not because they have any problems with the policies of the BNP, only disappointment and disgust at the way it has been run down deliberately or otherwise by the incompetent leadership. They feel they need a home and a party in which to belong.
And that is the core of Andrew's message. Drifting off in different directions will tend to separate people.
Our project must be to keep some semblance of nationalist unity so that when the present leadership of the BNP is ousted we can once again come together as a united cause for the sake of our country.
I realise that this can seem like inaction but that is better than the wrong action.
After the May elections we will have a better idea of the best policy to adopt, but the message I take from the meeting is that in future --
WE MUST UNITE ALL THE GROUPS and in the meantime keep the contacts open between these groups.
OUR TIME WILL COME but only when nationalism is free of those in the BNP who seem intent on destroying it.
There was discussion as to the best way forward in the question and answer session with various opinions, but all agreed with the importance of keeping in touch.
Another such "nationalist unity" meeting will be held next month. BNP hierarchy not invited I believe.
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