North Korean Rocket Failure

BBC News: Reports that the North Korean Regime has confirmed that its attempted rocket launch has failed. Thus folks the Asian Region on the one level must happy, this is the 2nd failure to launch an ICBM by the Stalinist North Korean Regime, the question is how does North Korea react, it can be postulated that it will want to counter this failure, thus one can expect either a nuclear test or some kind of military confrontation between North and South Korea. One can guess, since North Korea is a closed society, that the Regime will go for the big bang, in other words a nuclear test, just to remind outside powers that it is a nuclear armed power. Of course the rocket launch could be a good way to spin this, the Regime could argued that the rocket failed due to secret moves by the US to shoot it down, total lies but the PR will be for home consumption. Lets see what the last Stalinist Regime in the world does over the next few days.

US Court vs. UK Parliament

Guardian: Reports that a US Federal Court has blocked a House Commons Select Committee from seeing documents that concern the UK’s role in rendition. One can see why Judge Ricardo Urbina ruled the way he did, the request was not an individual request it was from a branch of the UK Governmental system, a very low branch of the UK Parliamentary system. The Judge might be thinking why are they asking the US Government, why don’t they ask THEIR own Government. One cant wait to see former Labour Ministers having to answer some very tough questions from the Police, but then as stated this blog has predicted that this messy business will be thrown in the long grass, the Police have close contacts with MI5 through Special Branch, they need each other, this is a political argument. If there was another major terrorist attack in the UK the people would want answers from the terrorists, even torture, politics change, what was seen as illegal one day but comes Government policy the next day. This blog lives in the real world folks, even if our MPs don’t at the moment.

Spain and the Eurozone

Telegraph Live - Markets: Reports in its 12.55pm post that the new Spanish PM Mariano Rajoy has stated that Spain will not go to the EU, and in his words with its begging bowl. Lets see folks, Spain is in a mess, it has planned billions of cuts, its has the highest unemployment in the EU, and even the cuts planned by the new Spanish Government will not bring it down to the level just agreed by all EU Countries. It can be argued with some justification that Spain is heading the direction of Greece, can the politicians get the people to accept the tough German Austerity plan for the EU. In Greece there is going to be a General Election, from polls it seems that the pro austerity Parties are going to lose out to Parties that oppose the harsh austerity plan of the Coalition Government, also in France the French Left Candidate is promising massive Government spending and tax hikes that would make you eyes water, thus the rich French are going to come over to the UK, its 45p in the pound for the higher tax payers. If the French left are elected expect France to be the next target of the bond market. The economic cliff could not be that far away folks, France might take down the Euro and the EU.

The Last Messages from the Titanic

BBC News: Reports that the BBC’s World Service is to broadcast the messages form the Titanic, although the original messages were in Morse the programme will use a mechanical voice for the messages. This should be interesting folks, as the article notes Morse was the Twitter of its day, the latest in technology, lets recall Morse was used to catch a well known Edwardian killer who tried to escape the UK via Ship. As recent events have shown in Italy, even the latest technology cant prevent a Ship sinking. Lets never forget the main lesson of Titanic, never allow Hubris to make you think your God.

Market Troubles - Eurozone

Guardian: Reports the following on the dive in the European Stock Markets, “ sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling ..”. At its core folks its politics vs. economics, a hidden bomb in the system is the French elections, the French left candidate is leading, he has promised massive Government spending, taxing the rich, the usual left rubbish, while the Conservative Government of France has been following a austerity plan to keep the bond markets off the back of France. If the left win in France and the Coalition Government in Greece does not get re-elected expect the Euro to go over the cliff. The French Left has made it clear that it will want fresh talks on the recent EU Treaty, it will want to tax UK Finance sector, thus expect another bloody EU meeting. The left in the UK and the EU don’t get the fact that the welfare state model is over, its very success has killed it, at its most basic, there are a lot of old people and fewer working younger people. The costs of health all over Europe can not be kept at its present level, the NHS has billions and will want more billions, it never ends. But all things end folks, even the Welfare State, and the Welfare State is no Roman Empire, it wont be for hundred of years.

Eurozone and the Euro

Telegraph Live - Markets: The US and European Markets have dived due to the slower than expected US jobs report last week, and Spain has replaced Greece as the next big problem, the rate of its bonds cost his heading to 6%. Thus folks we are back to the Euro and the welfare state problems of the EU, the bond market has NOW returned to attack Italy and Spain. Lets cut all the BULL, if Spain or Italy or both need a bailout its over for the Euro, even the EU. The core problems folks is that Germany wants austerity, that’s the only way it can get its tax payers to bailout Greece, but that cost is placing a stake through the heart of the Euro. The cuts in public spending through out Europe has returned the EU back in to recession, there has been arguments form the Labour Party in the UK and the French left that Government should spend and tax the rich, YES folks the fools still talk this kind of rubbish. The Miliband Labour Party seems to have missed the disaster that is Greece when you allow the public finances to go down the toilet, Spain could be next, the French Left just want to spend and tax the rich, they will move to the UK, its 45p in the pound for high tax payers. There is a solution folks, but its dramatic and out there, lets face it needs something, the clock has to be restarted, ALL DEBT has to be written off, as if it never happened, all the BANKS will have to be secured against runs on the banks, then those holding the DEBT will have to given exception from tax till the end of time. Then the welfare state has to be reformed through out EU, you don’t retire in till your 70 for women and 75 for men, the public sector has to see massive cuts, no major difference between the public and private sector, the Unions have to be restricted in their actions for a time, no STRIKES. The above might work, might not, so far nothing else seems to have worked.

Santorum OUT - No Reagan of 1976!

BBC News: Reports on the withdrawal of ex Senator Rick Santorum from the 2012 Republican Race. In his speeches the Senator has compared himself to Ronald Reagan and Reagan’s run for the 1976 Republican nomination against President Ford, to be honest folks that is BS, Reagan understood keeping on message, the Senator has allowed himself to get in to debate about social issues, as is known the Senator has very Conservative opinions about social issues, not in the main stream, when it was talking about the economy his Campaign worked, once he got side tracked by the main stream media it was on to a loser. If Santorum wants the Republican Nomination in 2016 should Romney lose he has to keep to bread and butter issues, never mention social issues, we know were he stands!! If a question is about social issues, the Senator has to return to it’s the economy, if not he wont stand a chance in 2016.