I Have Added an Ethereum Donate Button and will be liberally pasting it about the Blog until the novelty wears off. The Same Goes for the Tee Shirt Site. If you are able to, do please give it a go.
Keep an eye Out for the Lagom White Paper and new Complementary Currency App which I am currently developing too.
Please Ignore the Donate button Blogger formatting is kicking it out so not working!!!!
Mrs May Seems to be giving Barnier more than a Flash of the Ankle, She should be giving him the Full Thatcher Knock Back, Non-Non Non!
Would someone please show this to Theresa May No is not supposed to mean Yes and those things Barnier are doing to her are Bad things and not things the public think are good!
BREXIT EXPLOSIVE: Black Friday looms as May runs out of can-kicking road
BREXIT EXPLOSIVE: Black Friday looms as May runs out of can-kicking road
Theresa May is a girl who likes to please. She tries to please the House of Commons, the House of Lords, both wings of the Conservative Party, the EC negotiators in Brussels, and the 17.4 million majority voters who put a cross next to ‘Leave’. It could be called a collaborationist attempt to embrace The Many Not the Few. In reality, it is the same cowardice as that displayed by those who collaborated with the Nazis in Europe after May 1940.¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
Leaks from several sources – on Twitter, at the BBC and in Brussels – are suggesting that Theresa May has signed an EU Council document granting the UK the right to stay in the European Union and keep its MEPs after March 29th 2019 if no Brexit “deal” has been achieved by then.
Comment made by Rog, just Now….
I have been doing quite a bit of deep wading through international trade dynamics, My interest being energy cost of energy rather than Dollar equivalent levilised local parity ( or whatever the acronym is+)
Anyway, I put this spreadsheet on line with data gleaned from the CIA world factbook.
https://drive.google.com/file/d/1PPdIcx2u_chVXwcwcbBoVE0ocIPgtlu1/view?usp=sharing
it is still a work in progress and I will be making use of this new API for the Fact Book,
I will be spending today trawling through the figures presented for the European Union and then the Separate Figures for individual States as there are some summing anomalies which I think are due to double counting.
What I have really been quite surprised by is how stark the Supposed winners and losers are as between the Energy and production figures and the financialised economy figures
That Said even though I think Tim Morgan Latest regarding USA V China is missing the point with regard to focusing on Debt Measures at the domestic level.
My essential Point in the numbers is this.
On Debt, the only measure of debt of any relevance to a sovereign nation-state with its own Currency Is External Debt held by foreign nationals denominated in other than the sovereign states own currency.
For US and China, the position looks like this.
COUNTRY COMPARISON:: DEBT – EXTERNAL Debt – external compares the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis.
RANK COUNTRY DEBT – EXTERNAL DATE OF INFORMATION
1 UNITED STATES $17,910,000,000,000 31 MARCH 2016 EST.
COUNTRY COMPARISON:: DEBT – EXTERNAL Debt – external compares the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis.
RANK COUNTRY DEBT – EXTERNAL DATE OF INFORMATION
14 CHINA $1,649,000,000,000 31 DECEMBER 2017 EST.
The need for Foreign Currency arises due to Current account deficits and also a lack of Foreign Reserves the current situation vis China and the US looks like this.
COUNTRY COMPARISON:: PUBLIC DEBTPublic debt compares the cumulative total of all government borrowings less the repayments that are denominated in a country’s home currency. Public debt should not be confused with external debt.
RANK COUNTRY (% OF GDP) DATE OF INFORMATION
43 UNITED STATES 77.4 2017 EST.
COUNTRY COMPARISON:: PUBLIC DEBTPublic debt compares the cumulative total of all government borrowings, less the repayments that are denominated in a country’s home currency. Public debt should not be confused with external debt.
RANK COUNTRY (% OF GDP) DATE OF INFORMATION
190 CHINA 18.6 2017 EST.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html#ch
COUNTRY COMPARISON:: RESERVES OF FOREIGN EXCHANGE AND GOLDReserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK COUNTRY RESERVES OF FOREIGN EXCHANGE AND GOLD DATE OF INFORMATION
22 UNITED STATES $117,300,000,000 31 DECEMBER 2016 EST. 01.19445333%
COUNTRY COMPARISON:: RESERVES OF FOREIGN EXCHANGE AND GOLDReserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK COUNTRY RESERVES OF FOREIGN EXCHANGE AND GOLD DATE OF INFORMATION
1 CHINA $3,194,000,000,000 31 DECEMBER 2017 EST. 32.52000000%
When one drills down into the Embodied energy in Primary, Intermediary and Consumption in different economies and also looking at the range of Energy Mixes a number of Things do Jump out.
One is The Emergence of the importance of Natural Gas, Second is the Electricity Generation dynamic with some countries being large exporters of Electricity. But what is overwhelmingly clear is the US and The UK are taking rather more out than they are putting into the Pot.
COUNTRY COMPARISON:: CURRENT ACCOUNT BALANCECurrent account balance compares a country’s net trade in goods and services, plus net earnings, and net transfer payments to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis.
RANK COUNTRY CURRENT ACCOUNT BALANCE DATE OF INFORMATION
199 CANADA -$55,570,000,000 2017 EST.
200 UNITED KINGDOM -$91,420,000,000 2017 EST.
201 UNITED STATES -$462,000,000,000 2017 EST.
On Debt, the only measure of debt of any relevance to a sovereign nation-state with its own Currency Is External Debt held by foreign nationals denominated in other than the sovereign states own currency.
For US and China, the position looks like this.
COUNTRY COMPARISON:: DEBT – EXTERNAL Debt – external compares the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis.
RANK COUNTRY DEBT – EXTERNAL DATE OF INFORMATION
1 UNITED STATES $17,910,000,000,000 31 MARCH 2016 EST.
COUNTRY COMPARISON:: DEBT – EXTERNAL Debt – external compares the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services. These figures are calculated on an exchange rate basis.
RANK COUNTRY DEBT – EXTERNAL DATE OF INFORMATION
14 CHINA $1,649,000,000,000 31 DECEMBER 2017 EST.
The need for Foreign Currency arises due to Current account deficits and also a lack of Foreign Reserves the current situation vis China and the US looks like this.
COUNTRY COMPARISON:: PUBLIC DEBTPublic debt compares the cumulative total of all government borrowings less the repayments that are denominated in a country’s home currency. Public debt should not be confused with external debt.
RANK COUNTRY (% OF GDP) DATE OF INFORMATION
43 UNITED STATES 77.4 2017 EST.
COUNTRY COMPARISON:: PUBLIC DEBTPublic debt compares the cumulative total of all government borrowings, less the repayments that are denominated in a country’s home currency. Public debt should not be confused with external debt.
RANK COUNTRY (% OF GDP) DATE OF INFORMATION
190 CHINA 18.6 2017 EST.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html#ch
COUNTRY COMPARISON:: RESERVES OF FOREIGN EXCHANGE AND GOLDReserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK COUNTRY RESERVES OF FOREIGN EXCHANGE AND GOLD DATE OF INFORMATION
22 UNITED STATES $117,300,000,000 31 DECEMBER 2016 EST. 01.19445333%
COUNTRY COMPARISON:: RESERVES OF FOREIGN EXCHANGE AND GOLDReserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK COUNTRY RESERVES OF FOREIGN EXCHANGE AND GOLD DATE OF INFORMATION
1 CHINA $3,194,000,000,000 31 DECEMBER 2017 EST. 32.52000000%
When one drills down into the Embodied energy in Primary, Intermediary and Consumption in different economies and also looking at the range of Energy Mixes a number of Things do Jump out.
One is The Emergence of the importance of Natural Gas, Second is the Electricity Generation dynamic with some countries being large exporters of Electricity. But what is overwhelmingly clear is the US and The UK are taking rather more out than they are putting into the Pot.
COUNTRY COMPARISON:: CURRENT ACCOUNT BALANCECurrent account balance compares a country’s net trade in goods and services, plus net earnings, and net transfer payments to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis.
RANK COUNTRY CURRENT ACCOUNT BALANCE DATE OF INFORMATION
199 CANADA -$55,570,000,000 2017 EST.
200 UNITED KINGDOM -$91,420,000,000 2017 EST.
201 UNITED STATES -$462,000,000,000 2017 EST.
These two Reports which Tim produced as head of research for Tullets are very informative.
This brings me to the Brexit bit,
One Wag Dereck wall opined at the time of all the referendum result fuss that at the very bottom of it all, Brexit is an imaginary solution to real problems.
The seat of those problems are actually to do with the unbalancing of the economy largely up to this point due to Greed at the very top and a failure to understand the simple exponentials of debt as they apply to our debt based money system. It the same DYnamic which Will Rogers pointed out back in the 30’s.:
The second problem is the tool of the Hammer, that is the CO2 CLimate beliefs church sees every problem as one of CO2 emissions control and the real problem of the real Energy COst of Energy Extracted has been missed even though if one looks at the numbers it’s absolutely obvious.
The Solutions are not being looked for which tackle these two failures of Reasoning. You do not solve the problem of Debt with more debt and you do not solve the problems of declining surplus energy from traditional Hydrocarbons by demonising precious hydrocarbons and sawing off the branch upon which the whole economic edifice sits whilst looking at the tree on the other side of the saw between the economy and the tree trunk!
It is true that the ECB and the Euro Zone have one of the worst cases of this Peak ignorance of monetary creation. Libraries of commentary have been written pointing all of that out.
Johns Twitter slogan does the job for me.
Cognitive dissident: rejector of ideology, community mutual capitalist, bollocks deconstructor, satirist, writer, underdog supporter
Cognitive dissident: rejector of ideology, community mutual capitalist, bollocks deconstructor, satirist, writer, underdog supporter
I would merely replace Capitalist withCommunity mutual Cooperative Merchant Commercialism, What is required is neither socialism or capitalism bt Mutualism and a proper place for the Commons.
Mrs May is obviously out of her depth she even ran this Intersectional meme on her Twitter the other day.
https://twitter.com/RogerGLewis/status/1014112987580456960
https://twitter.com/RogerGLewis/status/1014112987580456960
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I’m proud to publish today our #LGBTActionPlan – setting out concrete steps to help improve lives for LGBT people and eliminate the discrimination and inequality they face: https://www.facebook.com/notes/theresa-may/were-publishing-our-lgbt-action-plan-setting-out-concrete-steps-to-improve-lives/2263572006992893/ … #Pride2018
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Replying to @theresa_may
Excellent Virtue signalling Theresa. Meanwhile, nom’s now closed Bad Luck! #GreenPartyLeadership2018 
@Greens4Liberty @TheGreenParty “Two black blokes and a northerner” An astute satire on the leadership elections of @brightgrn http://www.wetube.io/video/2-black-dudes-and-a-northerner-in-the-green-party-brighton-pavilion-show/ … #NotTheLeaderShipCoups
@Greens4Liberty @TheGreenParty “Two black blokes and a northerner” An astute satire on the leadership elections of @brightgrn http://www.wetube.io/video/2-black-dudes-and-a-northerner-in-the-green-party-brighton-pavilion-show/ … #NotTheLeaderShipCoups1:45 PM – 3 Jul 2018 from Malmo, Sweden
GRAND BARGAINS, DANGEROUS CHOICES? & False Equivalences. “Land of Brave” or “The Rising Sun” . Trumps Trade War.or Who ate all the pies?
Understanding Trumps Trade war is very hard through the Lens of Orthodox Monetary measures and the economics priesthood of Wall Street, Frankfurt and the City of London. One needs to quantify the Material Resources and Energy resources used in their transformation into the Goods and necessities of Life ( Liberty and Freedom . It is July 4th).
Anyway if we dispense with the Self Evident truths of American exceptionalism and #MAGA just for a second and look at the CIA World Fact Book for our data we will find quite a different story regarding where the Stuff is done, Useful energy conversion into work, and where the Lead is being Swung, in the counting houses and Bourses of the imperial powers of Usury.
Enough of the flim-flam lets let the facts do their own talking! So Who the fuck is eating all the pies?
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Friday, 2 June 2017
BREX-ZIT , A Limerick Poem #Election2017 #Brexit #May-Zit #Jexit
Brex-ZIt
A Vicars Daughter from Wheatley,
Had a facial eruption twice weekly.
Given no orders to squeeze it,
she wished just to leave it.
The Welsh Incident , Smelling the Coffee? groaning to oneself on Sunday morning In Chapel, close before the second psalm.’ ‘What did the mayor do?’ ‘I was coming to that.’
One for all those urging a ‘Progressive Alliance’. This is the real face of Labour. They’d rather support the Tories to run a council than come to an understanding with the SNP (the largest party in Aberdeen). The total destruction and humiliation of Labour is, perhaps, the only way for them to learn their lessons. BTW – This isn’t the first time either.
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Meet The Fuggers, Brexit, The Euro and Clueless Elites.
The Eastern Roman empire under Justinian saw the seeds of its final fall to The Ottomans when Abd El Melik started paying tribute in Gold coinage under his own Political Branding you might say.
With all the talk of Brexit being the removal of a final obstacle to the deeper federation of a European State transcending tiresome nationalism, perhaps a little review of History, particularly Monetary history, might not be such a bad thing.
In the review of European competences carried out as a consultation by the foreign office regarding Brexit and or reform requirements of the Eu, two of the papers need to be considered in the context of the Money power argument.
The first paper considered is the Subsidiarity and proportionality aspects of the Lisbon treaty and the competences of the EU institutions vis National and regional democratic institutions. This is a trade-off between Centralised Efficiency and Local democracy.
The second trade-off is the mutually exclusive realities of either Democracy or Private Credit creation, both again are not possible you can have one or the other.
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Austerity, Enlargement and Monetary Union. The End of European Democracy. Not Waving But Drowning.
https://rwer.wordpress.com/2012/03/30/money-circulation-on-the-eurozone-banks-deposits-under-the-lens/
Austerity, Enlargement and Monetary Union.
The End of European Democracy.
´Not Waving But Drowning´.
There are two things that the European Elites, in the Big Player countries at least, simply do not get. They are; Democratic Accountability and the importance of Economic Prosperity. If” it´s the economy stupid,” that comes first and people vote with their pocketbooks, there is then an option to dispense with one of these two mystery conceptions. Which one? of course, that would be Democracy.
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Referendums related to the European Union
This is a list of referendums related to the European Union, or its predecessors, the European Communities. Since 1972, a total of 48 referendums have been held by EU member states, candidate states, and their territories, with several additional referendums held in countries outside of the EU. The referendums have been held most commonly on the subject of whether to become a member of European Union as part of the accession process, although the EU does not require any candidate country to hold a referendum to approve membership or as part of treaty ratification. Other EU-related referendums have been held on the adoption of the euro and on participation in other EU-related policies.
The United Kingdom is the only EU member state to have held referendums on the issue of continued membership of the European Union and its antecedent organisation, the European Communities. In the first referendum in 1975, continued membership of what was then the European Communities (which included the European Economic Community, often referred to as the Common Market in the UK)[nb 1] was approved by 67.2% of voters, while in its second referendum in 2016 voters voted by 51.9% to leave the European Union.[nb 2]
Greenland, an autonomous territory of Denmark, voted to leave the EEC in a referendum in 1982 by 53% of voters.
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