Tuesday, 28 February 2012

Nick Griffin smeared by glamour model

For reasons that are not totally clear, the BNP seems to be a magnet for large breasted women with a photographic past. The latest to thrust her assets into our faces is...

Claudia Dalgleish:
Glamour model and modelling agent

Yesterday Ms Dalgleish earned herself a little payday with a "kiss 'n' tell" on Nick Griffin, BNP Chairman. The Daily Mail called Griffin a "sex pest", while the Daily Star said Griffin "exposed himself".

It sounds like Griffin has been a bad boy!

The operative expression being: "sounds like".

There's an awful lot of tell and not much kiss in this story. When you read "exposed himself" you are expected to think: indecently exposed himself, perhaps waved his willy around. But the papers have been careful with their wording: they don't said "indecently", they just hope you will assume it. Likewise they say Griffin was "excited". They want you to think: sexually excited. But they don't say that.

Unfortunately we're not likely to find out how much truth there is to this story. Griffin almost certainly isn't going to rise to the bait. He has tangentially referred to Dalgleish as an attention seeker without actually using her name, but that has been the totality of his response. The careful phrasing of the articles prevents Griffin from getting his own payday in the Libel courts.

However we may not have heard the last of Ms Dalgleish. Rumours abound that she has been "romantically" involved with other top BNPers, possibly with photographic evidence, and so more fourth estate cheques could be dropping into her lap in the future - no serious tabloid can be expected to resist the combined allure of Ms Dalgleish's assets and tales of far-right naughtiness.

Monday, 27 February 2012

Many muslims on trial in secret

There seem to be lot of muslims on trial for paedophilia, grooming children for sex, rape of minors and the like at the moment. And the strange thing is the mainstream media is not reporting the trials, so we're not really sure what's going on.

Earlier this month the trial at Liverpool Crown Court was started and was abandoned of 47 muslims, mainly from the Haywood area of Greater Manchester. The identity of the accused; the detail of the charges; and the reason 47 people from Manchester are being tried in Liverpool are not clear. It seems the trial started but was adjourned when some of the defense barristers were assaulted outside the court. There has been no reporting of the trial in the national press. Nor has there been much reporting of the demonstrations by local people in the Haywood area, especially quiet has been the BBC. All we know is that there are 47 accused; they are muslims; and the charges are of a paedophile or child grooming nature.

Meanwhile over in Birmingham six muslim men are being tried for the rape of a 15-year-old white girl. Again, there seems to be no mainstream reporting of the case and we know very little of what is going on here.

Link: BNP

Friday, 17 February 2012

Tram Lady pleads not guilty

From the Beeb...
A woman has pleaded not guilty over an alleged racist rant on a tram in south London, which has been seen online 11 million times.

Emma West, 34, of New Addington, south London, appeared at Croydon Crown Court charged with two counts of racially-aggravated public order offences, one with intent to cause fear.

She was arrested in November after footage, filmed on a Croydon-to-Wimbledon tram, was posted on YouTube.

She will stand trial on 11 June.

Emma is at liberty but sadly her two children have been taken into care. The "rant" video is still on YouTube but is now "private".

Tuesday, 14 February 2012

Some actual deflation has happened

The CPI and RPI numbers for the year to end of Jan 2012 are out. CPI fell to 3.6% in January, down from 4.2% in December and RPI fell to 3.9% from 4.8%.

So still massively over the 2% target, 80% over to be precise, but moving in the right direction. However dig into the small print of the RPI numbers and what do we see...

RPI December 2011... 239.4
RPI January 2012...... 238.0

Yes Siree, prices actually came down during the month of January, stuff is literally cheaper. And in case you think this is a usual post-Christmas effect, let's go back a year...

RPI December 2010... 228.0
RPI January 2011...... 229.0

So there was a rise over January last year. However if you go back another year you do see a tiny 0.1 reduction in the index...

RPI December 2009... 218.0
RPI January 2010...... 217.9

So January can be a deflationary month, but a whole 1.4 off the index is pretty impressive. Let's hope that 1) it is sustained in coming months, and 2) it's not an early warning of the next recession.

Remember, the Holy Grail, what we really, really want, what we expect our political leaders to deliver for us is... non-inflationary growth.

Unfortunately all the signs are that just as inflation went away so did growth. It looks like Q4 of 2011 will turn out to have a negative GDP. The first estimate was -0.2%. So still no cigar guys!

Thursday, 9 February 2012

QE3 is announced

This morning the Bank of England requested and received permission (from the Chancellor the Exchequer) to extend QE by another £50bn. The markets responded favourably, both shares and sterling rose on the announcement - they had been braced for a £75bn print run.

The QE story so far looks like this:

QE1 5th Mar, 2009 £200bn
QE2 6th Oct, 2011 £75bn
QE3 9th Feb, 2012 £50bn

A total of £325bn has been created from thin air. (Please ignore all the "issued from Bank of England reserves" nonsense that the BoE puts in its press releases. There are no reserves; haven't been for years.)

The national debt is now almost exactly one trillion pounds. £325bn is near as makes no difference one third of that. So the BoE has bought up one third of our entire national debt.

Now let's remind ourselves of the government's borrowing since 2009.

2009/10 £175bn
2010/11 £149bn
2011/12 £122bn

That's a total of £446bn (assuming this year will be on budget until April.) So more than 70% of government borrowing since QE was started has been offset by QE.

Although the Bank of England continues to claim that the purpose of QE is to prevent inflation falling below its 2% target (as if we would actually care if it did!) the real purpose is obvious: it's to fund the government's deficit. QE is the reason the bond markets haven't rebelled and refused to fund our national profligacy. The BoE buying up gilts has held the price high, hence the yield low, and shows that HMG is notionally borrowing at below 3%. I say notionally because they are really borrowing from themselves - and that's got to be the cheapest lender in town.

The price to be paid will be inflation. Fortunately for the BoE there are a couple of major deflationary events in progress so they won't be paying the piper just yet. First, last year's VAT rise to 20% is about to drop out of the statistics. This will flatter the numbers for the next few months, although it does nothing to make life cheaper for ordinary people. Second, it looks like oil is about to get cheaper, perhaps down to $70 a barrel. This isn't good news through. It's because the USA and Europe are falling back into recession and will consume less.

So do not expected QE3 to bite on the rear just yet. But eventually it surely will - just like QE1 and QE2 have done already; although the worst pain is reserved for when the QE'ed money is removed from the economy. That's not even on the horizon in the UK.

Wednesday, 8 February 2012

Abu Qatada: not fat, not extreme, and has committed no crime

The BBC has issued guidelines to its journalists that they are not allowed to refer to the fat muslim extremist Abu Qatada as "fat" or "an extremist". And the fat Justice Secretary Ken Clarke - responsible for keeping him locked up - has claimed he has "not committed any crime".

Well, you decide...

Abu Q: fat extremist bearing loo rolls

Ken Clarke: fat Justice Secretary

The BBC does allow Abu Qatada to be called "radical". The OED definition of radical by the way, is "holding extreme political views" (plus various other definitions about roots and origins.) So this is just pc nonsense - there's one approved term and others are forbidden, without rhyme or reason.

As for Ken "Justice Secretary" Clarke: is entering the UK using a forged passport a crime, Ken? Because that's what Abu Q did back in 1993. And one way or another he's been living off the British taxpayer ever since.

Getting rid of him is easy. He is "wanted" in the USA, so just send him to America already.

Monday, 6 February 2012

India to UK: We don't want your aid

The Indian Finance Minister has called the UK's 1 billion aid package (over five years) to India 'a peanut' and said he does not want it; not even 'peanuts', just one peanut!

Well, how about we stop sending them the money then? India is nuclear power, they have their own space programme, their GDP will be bigger than ours within the decade, why on Earth are we forcing aid money on them when they don't even want it?

Let me answer than question. We are doing it out if sheer bureaucratic empire building. Civil servants and ministers measure their worth by how much money is passing through their hands. DFID, the Department for International Development, cannot abide the thought that their budget might be reduced, so they insist the aid recipients take the money and shut up.