Petrol companies making profits

Oil prices dropped have dropped about USD 45 a barrel but petrol prices in the UK are still high and expected to rise. 

In the current climate how comes a Swiss owned refinery in Essex UK has closed down as it's gone bankrupt.

Because of this closure we have warnings that petrol in the UK can go up 10p a litre.

Now this just doesn't make sense, for the whole of the UK! There are other refineries and one that is just about 5 miles down the road.

I think there is some skulduggery going on there. this is profiteering.

The government refuses to cut tax or even stop a rise in August. This will be counter productive and you can see cars being used less, so the govt will in fact lose revenue.

The govt is threatening extra taxes on the oil companies but lets see the facts;

1. The govt wont drop taxes

2. The govt will keep the rise in tax on profits for itself

3. there is no benefit to the motorist

4. It won't drop road tax

So in the end, it seems it's just a way for the government to raise more revenue and they don't care about the families.

The last time petrol was this price on the markets the cost of a litre of petrol was about Stg 0.90.

So why is it 50% higher?

Is the IMF really qualified?

First the IMF tells the UK that they need to bring in austerity packages.
Now they are saying we are stifling our economy for a recovery!

So what is it they want us to do?

Then there is Mrs Legard now found out not to be paying taxes.

 I think it's called 'I'm alright Jack!'

The EU and Euro problems will go out to the next generation

ost Governments and people are correctly focusing on the near term affects of the global economic collapse and the Euro debacle.

How can we get the economies going

How do we save jobs

Etc

 

However, what people are not saying – Yet! Is what will it do to the next generation?

 

Because there is such problems and now poverty, the western world isn’t spending and if they are not spending they certainly won’t want to have children.

I suspect that in a few years time we will start seeing figures of how much an increase there has been for Abortions.

Also, in about 5 years, the governments may wake up to the fact that we will have the opposite effect of the ‘Baby Boom years’ and that the Western world population will in fact decrease, which in

turn, will put massive pressure on governments incomes and social benefit funding.

What about a lack of workers or skilled people like plumbers and electricians. How about capital intelligence being eroded by a lack of students etc.

 

This will be totally alien to the western world and this is where the Chinese will begin to take over. They already have poverty and still reproduce, so they will continue to grow in population and to redistribute themselves.

 

Euro and Ireland

It appears that Ireland will vote to stay with Austerities.
You may ask the reason why.
Well let's take a look at the background.
The whole infrastructure of Ireland has been built on funding from the EU. They even got to as point of being able to borrow at negative interest rates. They have built everything based on the the advantages of a small nation being in the EU and the Euro.
So, based on this fact it must really irk the Irish that Greece has obtained billions of Euro's and now it's the chance of Spain and then it will be followed by France. So the Irish will NOT want to be left out. So this is why they need to vote along with austerity.
In the end with the funding from the UK and with the EU, you can bet your life the Irish will walk away with a plus cash flow from the EU and Euro.
Also, bear in mind the Germans need a positive piece of news, so they will reward Ireland.

UK and IMF

The IMF says Britain are not recovering fast enough after the austerity package.
Here may be a few reasons why:
Utility bills up 15%
Dartford Tunnel fees up 30% eventhough it's been paid off many times
Banks not lending to individuals nor SME companies
Overdrafts up to 29%
If you can get a loan it's generally at 14.9%
Credit Card interest upto 30%
Tax up on petrol
VaT up from 17% to 20%
Food costs up for families

I would estimate that daily living has gone up by 25% since the 2008 financial crisis and there are more increases in costs and tax coming.
When there is a crisis like this ALL big companies put their prices up, otherwise how else are they making almost record profits and just look at the banks, they are steaming ahead for their shareholders.
Don't get sucked in by management not taking their bonuses or not taking as much, it is all hidden for when the furore dies down in the form of shares or in a bonus pot invested somewhere.

Abu Qatarda

Why are we waiting to kick this useless piece of life out of the country.
We now have the go ahead by the 'Uman Rites' mob in Europe.
Jordan have wanted him back for years to charge him for something he did in Jordan.
He has sponged millions from the UK taxpayer. Just save money and get him on a plane.
Otherwise, ship him to the USA where they want him as well.
Anyway to defy the UK and all the proper channels it would have cost the UK a fine if Stg 25,000.
We could have saved millions of pounds!
I wonder if his wives and family will go with him?
Doubt it, they will stay here and get all the benefits they can, 'cos in Jordan they get naff all!!

What are the consequences of Quantative easing?

QE may have held off initial problems with the banking industry, but no where else.
Here are the facts:
1. Banks borrow this money at 0.5% and it shows a huge profit on their Balance Sheets and to the shareholders. This improves the bonuses!
2. Banks overdrafts are ranging from 18-30%
3. Personal Loans are ranging from 8.9%(very little) to 14.9%
4. Bank Credit cards are charging between 24% to 35%
5. Small to Medium sized companies are not getting the loans promised by the government and they do nothing
6. Large businesses are hoarding their cash. This is why the Stock Market is so strong
7. Banks have generally stopped lending no matter what they say.
8. The economy in the UK cannot get going strongly unless there is money
9. Stg 325 bln into the system, but where has it gone? as I said above, to the banks

So basically, the whole thing has been a whitewash.
However, watch the bleating 2 years down the road when inflation starts to grow fast!
No doubt it will be blamed on the consumer for spending money, or having too much in savings.
And they wonder why?