UK Nuclear arms being managed by private firm

what is it the government just doesn't understand about reducing the armed forces? Now they are passing the management of some of the nuclear arms. This will definitely lead to espionage and spies and bribery etc.

http://www.telegraph.co.uk/news/uknews/defence/9435227/Private-firm-to-look-after-Trident-nuclear-deterrent.html

How useless is Cameron?

Cameron really is becoming a useless Prime Minister that only reacts to situations. He has no back bone and wants to be everyones boy! He backtracks on most things and really has no idea what a statesman or true politician is. I have never known a Prime Minister to have so many holidays or just travels around instead of governing the country. The Liberals are likely to dump him in the next election but he still seems hell bent on austerity. The problem is that Ed Milliband is no better but will crave the regards of what the Conservatives are doing for the economy by not spending.
The UK politics and parties are in the doldrums and there is no rising star in any party really. I have no idea what the Universities are teaching students, but it isn't true politics, but just being politically correct! What has Cameron actually achieved? He promises to make the banks lend money-nothing happens, he has promised numerous things but they don't happen. He tells people by reaction what they want to hear and then lets time go by and blames others when it doesn't happen. He is completely useless and ineffective!

UK economy to go lower before a rise

The UK economy could go lower by -0.5%, before any upturn.
If the level of -1.0% holds then we should expect an upturn to an eventual +2.5%.
This would take about 4 years to achieve.
It’s all down to Osborne to relax austerity and force banks to lend money!
However, at the moment Osborne is screwing it up and soon will hold the wrath of the IMF although they told us to implement austerity!

Syria will use Chemical warfare on it's own

Do NOT believe for one minute that the Syrian government will NOT use Chemical warfare on their nationals!

They have slaughtered thousands so far, so why not go that one stage further?

This is an historical theme in the Middle east that when they have lost, the government WILL use chemical as a trail for the victors, so that they can weep their losses and families that have gone

Islam in non-Muslim countries

At Long Last Blair admits the threat of Islam vs Christianity

 

In a recent interview Tony Blair admitted that Islam is about dominance rather than coexistence!

Hopefully MP’s around Europe will take note!

Immoral to pay cash in hand

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/9421590/Middle-classes-who-pay-cash-in-hand-morally-wrong-and-aiding-law-breaking-says-minister.html

A UK government official says cash in hand is morally wrong!
The question is why is this happening more these days?
Could it be that since Labour was in power about 75-100 taxes came into play and now the conservatives have imposed austerity and we have the collapse of the European economies.
All of these items are because the governments didn’t notice the warning signs or care at the time of the economy bubble.
I would say the governments failure is worse than the cash in hand issue and besides it’s the actions of the governments that are creating this behaviour!

It is morally wrong to pay tradesmen cash in hand, says David Gauke - Telegraph

www.telegraph.co.uk

People who pay cash in hand to tradesmen are “morally wrong”, damaging the economy and helping tax evaders, a minister has warned.

Pay cash in hand is immoral

The government is claiming that they are losing stg 2 billion a year by people paying cash in hand and it's damaging the economy!
Which kind of school do these people go to?
1. By a plumber not paying tax he gets to keep more, which is the aim. Then he can spend it on his family or staying alive with food.
2. Lets the government make their figures transparent. A loss of Stg 2 billion by 2 million people as they suggest makes each one of them saving Stg 100,000 each! If they are not suggesting the man on the street then let them investigate medium to large company books! They are only whinging 'cos it stops their expense accounts going overboard! Is the government that strupid?yes of course they are, history proves it!!!

UK MP's and their ability

In UK Politics we have no Statesman in either party, ut we have a number of 40 odd year olds who have been to privileged school and many are wealthy.
Now we have a woman/girl of 32 years old who wants to bring voting age down to 16 years old. Now this is a curious thing because after this year all school 'Children' have to stay at school until they are 18 years old. Based on the fact that politics isn't taught at schools much, why would they do this?
Typical Labour-ite who has been to Uni.
Think about it!
Primary school==>Secondary school/Grammar school==>University==>gofar for an MP==>Bunk up for an MP==>Brown noser for an MP==>become an MP!
Where do they become street wise in this flow??
There you go, thats the state of our politics at the moment.

Oil Prices since 1967 based on WTI Oil (American)

This is based on the globally traded WTI Oil price which is a little cheaper than the Brent Oil




Over the next few days I will show the difference of what the price is today and what it should be and how we are being hoodwinked by the governments and profiteers!





Historical Oil Prices

Year/Mth Price in USd

1946-1 1.2

1946-2 1.2

1946-3 1.2

1946-4 1.3

1946-5 1.3

1946-6 1.3

1946-7 1.3

1946-8 1.5

1946-9 1.5

1946-10 1.5

1946-11 1.5

1946-12 1.6

1947-1 1.6

1947-2 1.6

1947-3 1.6

1947-4 1.9

1947-5 1.9

1947-6 1.9

1947-7 1.9

1947-8 1.9

1947-9 1.9

1947-10 1.9

1947-11 2.1

1947-12 2.1

1948-1 2.6

1948-2 2.6

1948-3 2.6

1948-4 2.6

1948-5 2.6

1948-6 2.6

1948-7 2.6

1948-8 2.6

1948-9 2.6

1948-10 2.6

1948-11 2.6

1948-12 2.6

1949-1 2.6

1949-2 2.6

1949-3 2.6

1949-4 2.6

1949-5 2.6

1949-6 2.6

1949-7 2.6

1949-8 2.6

1949-9 2.6

1949-10 2.6

1949-11 2.6

1949-12 2.6

1950-1 2.6

1950-2 2.6

1950-3 2.6

1950-4 2.6

1950-5 2.6

1950-6 2.6

1950-7 2.6

1950-8 2.6

1950-9 2.6

1950-10 2.6

1950-11 2.6

1950-12 2.6

1951-1 2.6

1951-2 2.6

1951-3 2.6

1951-4 2.6

1951-5 2.6

1951-6 2.6

1951-7 2.6

1951-8 2.6

1951-9 2.6

1951-10 2.6

1951-11 2.6

1951-12 2.6

1952-1 2.6

1952-2 2.6

1952-3 2.6

1952-4 2.6

1952-5 2.6

1952-6 2.6

1952-7 2.6

1952-8 2.6

1952-9 2.6

1952-10 2.6

1952-11 2.6

1952-12 2.6

1953-1 2.6

1953-2 2.6

1953-3 2.6

1953-4 2.6

1953-5 2.6

1953-6 2.8

1953-7 2.8

1953-8 2.8

1953-9 2.8

1953-10 2.8

1953-11 2.8

1953-12 2.8

1954-1 2.8

1954-2 2.8

1954-3 2.8

1954-4 2.8

1954-5 2.8

1954-6 2.8

1954-7 2.8

1954-8 2.8

1954-9 2.8

1954-10 2.8

1954-11 2.8

1954-12 2.8

1955-1 2.8

1955-2 2.8

1955-3 2.8

1955-4 2.8

1955-5 2.8

1955-6 2.8

1955-7 2.8

1955-8 2.8

1955-9 2.8

1955-10 2.8

1955-11 2.8

1955-12 2.8

1956-1 2.8

1956-2 2.8

1956-3 2.8

1956-4 2.8

1956-5 2.8

1956-6 2.8

1956-7 2.8

1956-8 2.8

1956-9 2.8

1956-10 2.8

1956-11 2.8

1956-12 2.8

1957-1 2.8

1957-2 3.1

1957-3 3.1

1957-4 3.1

1957-5 3.1

1957-6 3.1

1957-7 3.1

1957-8 3.1

1957-9 3.1

1957-10 3.1

1957-11 3.1

1957-12 3

1958-1 3.1

1958-2 3.1

1958-3 3.1

1958-4 3.1

1958-5 3.1

1958-6 3.1

1958-7 3.1

1958-8 3.1

1958-9 3.1

1958-10 3.1

1958-11 3

1958-12 3

1959-1 3

1959-2 3

1959-3 3

1959-4 3

1959-5 3

1959-6 3

1959-7 3

1959-8 3

1959-9 3

1959-10 3

1959-11 3

1959-12 3

1960-1 3

1960-2 3

1960-3 3

1960-4 3

1960-5 3

1960-6 3

1960-7 3

1960-8 3

1960-9 3

1960-10 3

1960-11 3

1960-12 3

1961-1 3

1961-2 3

1961-3 3

1961-4 3

1961-5 3

1961-6 3

1961-7 3

1961-8 3

1961-9 3

1961-10 3

1961-11 3

1961-12 3

1962-1 3

1962-2 3

1962-3 3

1962-4 3

1962-5 3

1962-6 3

1962-7 3

1962-8 3

1962-9 3

1962-10 3

1962-11 3

1962-12 3

1963-1 3

1963-2 3

1963-3 3

1963-4 3

1963-5 3

1963-6 3

1963-7 3

1963-8 3

1963-9 3

1963-10 3

1963-11 3

1963-12 3

1964-1 3

1964-2 3

1964-3 3

1964-4 3

1964-5 3

1964-6 3

1964-7 2.9

1964-8 2.9

1964-9 2.9

1964-10 2.9

1964-11 2.9

1964-12 2.9

1965-1 2.9

1965-2 2.9

1965-3 2.9

1965-4 2.9

1965-5 2.9

1965-6 2.9

1965-7 2.9

1965-8 2.9

1965-9 2.9

1965-10 2.9

1965-11 2.9

1965-12 2.9

1966-1 2.9

1966-2 2.9

1966-3 2.9

1966-4 2.9

1966-5 2.9

1966-6 2.9

1966-7 2.9

1966-8 2.9

1966-9 3

1966-10 3

1966-11 3

1966-12 3

1967-1 3

1967-2 3

1967-3 3

1967-4 3

1967-5 3

1967-6 3

1967-7 3

1967-8 3.1

1967-9 3.1

1967-10 3.1

1967-11 3.1

1967-12 3.1

1968-1 3.1

1968-2 3.1

1968-3 3.1

1968-4 3.1

1968-5 3.1

1968-6 3.1

1968-7 3.1

1968-8 3.1

1968-9 3.1

1968-10 3.1

1968-11 3.1

1968-12 3.1

1969-1 3.1

1969-2 3.1

1969-3 3.3

1969-4 3.4

1969-5 3.4

1969-6 3.4

1969-7 3.4

1969-8 3.4

1969-9 3.4

1969-10 3.4

1969-11 3.4

1969-12 3.4

1970-1 3.4

1970-2 3.4

1970-3 3.4

1970-4 3.4

1970-5 3.4

1970-6 3.4

1970-7 3.3

1970-8 3.3

1970-9 3.3

1970-10 3.3

1970-11 3.3

1970-12 3.6

1971-1 3.6

1971-2 3.6

1971-3 3.6

1971-4 3.6

1971-5 3.6

1971-6 3.6

1971-7 3.6

1971-8 3.6

1971-9 3.6

1971-10 3.6

1971-11 3.6

1971-12 3.6

1972-1 3.6

1972-2 3.6

1972-3 3.6

1972-4 3.6

1972-5 3.6

1972-6 3.6

1972-7 3.6

1972-8 3.6

1972-9 3.6

1972-10 3.6

1972-11 3.6

1972-12 3.6

1973-1 3.6

1973-2 3.6

1973-3 3.6

1973-4 3.6

1973-5 3.6

1973-6 3.6

1973-7 3.6

1973-8 4.3

1973-9 4.3

1973-10 4.3

1973-11 4.3

1973-12 4.3

1974-1 10.1

1974-2 10.1

1974-3 10.1

1974-4 10.1

1974-5 10.1

1974-6 10.1

1974-7 10.1

1974-8 10.1

1974-9 10.1

1974-10 11.2

1974-11 11.2

1974-12 11.2

1975-1 11.2

1975-2 11.2

1975-3 11.2

1975-4 11.2

1975-5 11.2

1975-6 11.2

1975-7 11.2

1975-8 11.2

1975-9 11.2

1975-10 11.2

1975-11 11.2

1975-12 11.2

1976-1 11.2

1976-2 12

1976-3 12.1

1976-4 12.2

1976-5 12.2

1976-6 12.2

1976-7 12.2

1976-8 12.2

1976-9 13.9

1976-10 13.9

1976-11 13.9

1976-12 13.9

1977-1 13.9

1977-2 13.9

1977-3 13.9

1977-4 13.9

1977-5 13.9

1977-6 13.9

1977-7 13.9

1977-8 14.9

1977-9 14.9

1977-10 14.9

1977-11 14.9

1977-12 14.9

1978-1 14.9

1978-2 14.9

1978-3 14.9

1978-4 14.9

1978-5 14.9

1978-6 14.9

1978-7 14.9

1978-8 14.9

1978-9 14.9

1978-10 14.9

1978-11 14.9

1978-12 14.9

1979-1 14.9

1979-2 15.9

1979-3 15.9

1979-4 15.9

1979-5 18.1

1979-6 19.1

1979-7 21.8

1979-8 26.5

1979-9 28.5

1979-10 29

1979-11 31

1979-12 32.5

1980-1 32.5

1980-2 37

1980-3 38

1980-4 39.5

1980-5 39.5

1980-6 39.5

1980-7 39.5

1980-8 38

1980-9 36

1980-10 36

1980-11 36

1980-12 37

1981-1 38

1981-2 38

1981-3 38

1981-4 38

1981-5 38

1981-6 36

1981-7 36

1981-8 36

1981-9 36

1981-10 35

1981-11 36

1981-12 35

1982-1 33.9

1982-2 31.6

1982-3 28.5

1982-4 33.5

1982-5 35.9

1982-6 35.1

1982-7 34.2

1982-8 34

1982-9 35.6

1982-10 35.7

1982-11 34.2

1982-12 31.7

1983-1 31.2

1983-2 29

1983-3 28.8

1983-4 30.6

1983-5 30

1983-6 31

1983-7 31.7

1983-8 31.9

1983-9 31.1

1983-10 30.4

1983-11 29.8

1983-12 29.2

1984-1 29.7

1984-2 30.1

1984-3 30.8

1984-4 30.6

1984-5 30.5

1984-6 30

1984-7 28.8

1984-8 29.3

1984-9 29.3

1984-10 28.8

1984-11 28.1

1984-12 25.4

1985-1 25.6

1985-2 27.3

1985-3 28.2

1985-4 28.8

1985-5 27.6

1985-6 27.1

1985-7 27.3

1985-8 27.8

1985-9 28.3

1985-10 29.5

1985-11 30.8

1985-12 27.2

1986-1 22.9

1986-2 15.4

1986-3 12.6

1986-4 12.8

1986-5 15.4

1986-6 13.5

1986-7 11.6

1986-8 15.1

1986-9 14.9

1986-10 14.9

1986-11 15.2

1986-12 16.1

1987-1 18.7

1987-2 17.7

1987-3 18.3

1987-4 18.6

1987-5 19.4

1987-6 20

1987-7 21.4

1987-8 20.3

1987-9 19.5

1987-10 19.8

1987-11 18.9

1987-12 17.2

1988-1 17.2

1988-2 16.8

1988-3 16.2

1988-4 17.9

1988-5 17.4

1988-6 16.5

1988-7 15.5

1988-8 15.5

1988-9 14.5

1988-10 13.8

1988-11 14

1988-12 16.3

1989-1 18

1989-2 17.8

1989-3 19.4

1989-4 21

1989-5 20

1989-6 20

1989-7 19.6

1989-8 18.5

1989-9 19.6

1989-10 20.1

1989-11 19.8

1989-12 21.1

1990-1 22.6

1990-2 22.1

1990-3 20.4

1990-4 18.6

1990-5 18.2

1990-6 16.9

1990-7 18.6

1990-8 27.2

1990-9 33.7

1990-10 35.9

1990-11 32.3

1990-12 27.3

1991-1 25

1991-2 20.5

1991-3 19.9

1991-4 20.8

1991-5 21.2

1991-6 20.2

1991-7 21.4

1991-8 21.7

1991-9 21.9

1991-10 23.2

1991-11 22.5

1991-12 19.5

1992-1 18.8

1992-2 19

1992-3 18.9

1992-4 20.2

1992-5 20.9

1992-6 22.4

1992-7 21.8

1992-8 21.4

1992-9 21.9

1992-10 21.7

1992-11 20.3

1992-12 19.4

1993-1 19.1

1993-2 20.1

1993-3 20.3

1993-4 20.3

1993-5 19.9

1993-6 19.1

1993-7 17.9

1993-8 18

1993-9 17.5

1993-10 18.1

1993-11 16.7

1993-12 14.5

1994-1 15

1994-2 14.8

1994-3 14.7

1994-4 16.4

1994-5 17.9

1994-6 19.1

1994-7 19.7

1994-8 18.4

1994-9 17.5

1994-10 17.7

1994-11 18.1

1994-12 17.2

1995-1 18

1995-2 18.5

1995-3 18.6

1995-4 19.9

1995-5 19.7

1995-6 18.4

1995-7 17.3

1995-8 18

1995-9 18.2

1995-10 17.4

1995-11 18

1995-12 19

1996-1 18.9

1996-2 19.1

1996-3 21.4

1996-4 23.6

1996-5 21.3

1996-6 20.5

1996-7 21.3

1996-8 22

1996-9 24

1996-10 24.9

1996-11 23.7

1996-12 25.4

1997-1 25.2

1997-2 22.2

1997-3 21

1997-4 19.7

1997-5 20.8

1997-6 19.2

1997-7 19.6

1997-8 19.9

1997-9 19.8

1997-10 21.3

1997-11 20.2

1997-12 18.3

1998-1 16.7

1998-2 16.1

1998-3 15

1998-4 15.4

1998-5 14.9

1998-6 13.7

1998-7 14.1

1998-8 13.4

1998-9 15

1998-10 14.4

1998-11 12.9

1998-12 11.3

1999-1 12.5

1999-2 12

1999-3 14.7

1999-4 17.3

1999-5 17.8

1999-6 17.9

1999-7 20.1

1999-8 21.3

1999-9 23.9

1999-10 22.6

1999-11 25

1999-12 26.1

2000-1 27.2

2000-2 29.4

2000-3 29.9

2000-4 25.7

2000-5 28.8

2000-6 31.8

2000-7 29.8

2000-8 31.2

2000-9 33.9

2000-10 33.1

2000-11 34.4

2000-12 28.5

2001-1 29.6

2001-2 29.6

2001-3 27.2

2001-4 27.4

2001-5 28.6

2001-6 27.6

2001-7 26.5

2001-8 27.5

2001-9 25.9

2001-10 22.2

2001-11 19.7

2001-12 19.3

2002-1 19.7

2002-2 20.7

2002-3 24.4

2002-4 26.3

2002-5 27

2002-6 25.5

2002-7 26.9

2002-8 28.4

2002-9 29.7

2002-10 28.9

2002-11 26.3

2002-12 29.4

2003-1 32.9

2003-2 35.9

2003-3 33.6

2003-4 28.3

2003-5 28.1

2003-6 30.7

2003-7 30.8

2003-8 31.6

2003-9 28.3

2003-10 30.3

2003-11 31.1

2003-12 32.2

2004-1 34.3

2004-2 34.7

2004-3 36.8

2004-4 36.7

2004-5 40.3

2004-6 38

2004-7 40.7

2004-8 44.9

2004-9 46

2004-10 53.1

2004-11 48.5

2004-12 43.3

2005-1 46.8

2005-2 48

2005-3 54.3

2005-4 53

2005-5 49.8

2005-6 56.3

2005-7 58.7

2005-8 65

2005-9 65.6

2005-10 62.4

2005-11 58.3

2005-12 59.4

2006-1 65.5

2006-2 61.6

2006-3 62.9

2006-4 69.7

2006-5 70.9

2006-6 71

2006-7 74.4

2006-8 73.1

2006-9 63.9

2006-10 58.9

2006-11 59.4

2006-12 62

2007-1 54.6

2007-2 59.3

2007-3 60.6

2007-4 64

2007-5 63.5

2007-6 67.5

2007-7 74.2

2007-8 72.4

2007-9 79.9

2007-10 86.2

2007-11 94.6

2007-12 91.7

2008-1 93

2008-2 95.4

2008-3 105.6

2008-4 112.6

2008-5 125.4

2008-6 133.9

2008-7 133.4

2008-8 116.6

2008-9 103.9

2008-10 76.7

2008-11 57.4

2008-12 41

2009-1 41.7

2009-2 39.2

2009-3 48

2009-4 50

2009-5 59.2

2009-6 69.7

2009-7 64.1

2009-8 71.1

2009-9 69.5

2009-10 75.8

2009-11 78.1

2009-12 74.3

2010-1 78.2

2010-2 76.4

2010-3 81.2

2010-4 84.5

2010-5 73.8

2010-6 75.4

2010-7 76.4

2010-8 76.8

2010-9 75.3

2010-10 81.9

2010-11 84.1

2010-12 89

2011-1 89.4

2011-2 89.6

2011-3 102.9

2011-4 110

2011-5 101.3

2011-6 96.3

2011-7 97.2

2011-8 86.3

2011-9 85.6

2011-10 86.4

2011-11 97.2

2011-12 98.6

2012-1 100.2

2012-2 102.3

UK Immigration is in a complete mess!

We can't seem to stop unwanted immigartion! Why?


We have a body of law makers in the the Supreme Court that are now saying the new points system for the UK to control immigartion is unlawful!



So does that mean non-UK people can now control who comes in or not?

Someone needs to stomp on this useless body of people.

Trust in the CommonSense Party UK to do this!

1 in 5 rapists are immigrants in UK!

Rule 8 in the Human Rights act allows rapists to come and here and commit their rape and we cannot send them back!


Why not?

I am confused why should an immigrant come here with the permission of their own government hoping to get rid of their problem and pass it onto us.



I say kick them out and never let them have any rights again!

Scum of the Earth!

New Census shows huge increase in UK Population

Now let me see, vast immigrants coming to UK claiming Rule 8 of the Human Rights act, or just pure immigration from Muslim countries. On average a Muslim family is about 6-8 peopel, of mainly are oppressed to take the faith and to copulate as much as possible to grow their numbers.


So is it unusual that out of the 3.7 million increase at least half are foreigners, which of course doesn't include the UK passport holding Muslims.

Don't forget if you look at the UK and the demographics, we have to take into account the following nationalities:

Chinese

Indians

Pakistanis

Egyptians

Saudis

UAE

Kuwaitis

Iraqis

Syrians

Morrocans

Algerians

Libyans



These are just a few to note that tend to have large families.

It's a well known fact that Europeans don't normally have large families, so my guess this is where the large increases are from. I may be wrong. However, having lived, worked and have friends from a number of these groups I doubt it.



All I am saying is that the government can't be surprised that the population has grown and it will be bigger at the next Census.



I will let you the reader have a conclusion as to how this has occurred!

Jobless Facade in the UK

Hail to the mighty Coalition, jobless has reduced by 100,000+ last month.


Here is the story!

1. Jobless centres are stopping to pay benefits

2. The London Olympics takes on short term staff, like 1 month

3. Summer brings about short term work for labourers with long days



So you can bet your bottom dollar that come October, unemployment will jump and the governement won't know what hit them - again! We will see 3 million unemployment in the UKL as more school leavers come on board as well.

Don't forget the armed forces staff who have been made redundant.

Don't forget the new immigrants sneaking in as well with the Border staff not being botehred anymore!

It doesn't take a brain surgeon to figure this out.

The government are just grabbing any tiny bit of good news at the moment.

Who is going to save the UK?

Any donations for me to work full time on my Party- UK CommonSense Party UK will be more than welcome!!!

Petrol price rip off in UK

So petrol is about to go up again. Although it has come down and we haven't seen a similar adjustment.


Saudi Arabia promised to produce more, but no price drop.

Economic turmoil globally and a reduction of manufacturing hasn't brought a drop in price.....

All stinks of a cartel or manipulation to me!

Bring on the alternatives quickly!!

G4S basically are liars and Teresa May incompetent

It's as plain as the nose on my face that G4S have been trying to save money and get away with it. They had hoped to get many foreigners here at a much cheaper price, rather than give Brits the chance. A RAdio interview with another company showed that they offered 6000 experienced security staff to G4S who refused. They aslo offered training officers that could train 150 ...people a day and this was refused. So don't believe the owner and let's hope they go bust!


However, who was the twit in government that gave them the contract without any checks or project management. Plus gave then Stg 53 million fee!

Teresa May has now at least twice been caught being told lies and not checking any details. She needs to be removed for a sceptical male, rather than a trusting optimistic female!

The U.N. is a bigger murderer than the Syrian Government

Isn't the U.N.as a body, a bigger murderer, than the syrian government?
Thousands of Syrians are being killed by the government in Syria and all the U.N. can do, is debate and watch!
I thought that the U.N. was established to protect people globally against such horrors. Obviously, I am wrong!
They did this in the Gulf war and numerous other conflicts.

USA beginning to fall from power

I wrote about the USA as a power house collapsing and China taking over, seems to be coming true, but in a quiet way. A large number of the African nations,especially those in oil are not being pricing in USD anymore, but in the Yuan!

Explanation of my comments

MY blog comments are read globally and after some comments I need to explain a little more.
In the UK there is a furore regarding interest rate fixing by Barclays and the argument is, that the government says it’s a crime and want someone to be prosecuted for it.
However, for those involved in banking and setting interest rates ( I used to be one of them) , all know, that this is not possible to prosecute for wrong doing and maybe this is just a jerk reaction to all that is going on in the UK at the moment.
So let me explain a little.
Each business day at 11am (UK time) interest rates are set by several banks using the average rate of all banks quoting.
Barclays was proven to email the other banks asking for an agreement on the level of the rates before they were fixed. This is officially set by the British Bankers Association. The name of this is LIBOR (London Interbank Offered Rate). This isn’t set by a law but is self regulated. Differences on this rate is about 0.125% each day up or down and it is used to set rates for various periods of time up to a year. This has an affect on personal loans, mortgages etc to the consumer as well as set the rate for banks lending to each other. In today’s market where a single deal can be STG 3billion this can make a large difference.
The government is now trying to prosecute bankers for changing the rates by collusion, because they call it fraud. However, what I am saying is, that it can’t be fraud and therefore no one will be prosecuted and the whole thing is a waste of time.
The reason I say that this isn’t fraud is because of the following:
1. The LIBOR is run by the British Bankers Association
2. It is concluded and shown on systems like Reuters and Bloomberg
3. It is advertised on the internet
4. The rates are published each day in the financial newspapers
5. It is reported to the Bank of England
6. The Bank of England is answerable to the Treasury and the government
So in light of this how is it fraud?
The inference now is that the treasury at the time run by Labour did in fact have words with the Bank of England to lower rates in this way. Funnily enough all of those mentioned in the Treasury and Bank of England deny this was said. Bob Diamond said the conversatrion wasn't recorded as the call was made to his New York office that didn't have a recording machine on. All very convenient and all of the participants trying to deny the conversation was made with Bob Diamond.
That is why I say it all stinks and is a waste of time. Unless the Bank of England wanted to get rid of Bob Diamond at Barclays who has resigned.
I hope that this clears some matters up for my readers

The government, Banks, Bank f England and the FSA are all crooks and know perfectly well what is going on! The LIBOR fixings are everyday business day and these are controlled and run by the British bankers association (BBA). These are reported to the Bank of England and the FSA, who in turn report to the Chancellor and his cronies. So everyone knew what was happening! I know because i used to have to help fix the LIBOR in my trading days.
So if a LIBOR rate was higher than the interbank market, they ALL know. What I find incredible is that no one is investigating why banks are charging: 14% loans, 17-30% overdraft rates and that there are companies charging 2700% interest for loans. Why are these not mentioned?
LIBOR fixing is not run by laws so no one can be charged for fraud. Fraud is a means of hiding hidden costs, LIBOR rates are published everyday in the Financial Times and online.
It's all rubbish and no one is accountable