Thatcher’s Recession, and Now?

How Bad was Thatcher’s Recession compared to the Current Economic Slump? Q. Well, how would you find out, exactly? A. Surprisingly easily.  This graph here compares historical economic slumps with the current one, on a month by month basis.  It’s taken from the “National Institute of Economic and Social Research” (NIESR) website here.  Notionally, it’s [...]

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A Military Way out of The Credit Crunch

Willie Sutton In a curious parallel with the Great Depression when many millions lost their homes and money, I’m reminded about the phrase reputedly said by a USA bank robber of the time, and how it could equally well be applied to our current predicament…. When asked “Mr Sutton, why do you rob banks?”, he [...]

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Der Spiegel on World War 1

Today’s the 90th anniversary of the armistice, the end of the war to end all wars as it was called.  All we seem to have had here in the UK is pictures of loads of stark white, neatly arranged tombstones for weeks now.  It’s as if en-masse, the people get an obligation to feel sadness, [...]

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I Wonder What Alistair Cooke Would Have Made of it All?

Alistair Cooke, the journalist, writer and broadcaster, lived from 1908 to 2004.  For most of his life he lived in New York, and witnessed the great depression (and booms), almost countless changes in government and the causes and aftermath of WW2.  He was personal friends with many of the great and good of the century, [...]

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Georgia, USA Trade & the Gas Bills, Repeating History & The Destroyer of Worlds.

As a follow up to my earlier post us-nationalises-banks-while-russia-devalues-the-rouble-total-irony pointing out the sharp reversal in political and economic fortunes of the (former) two world superpowers, I remembered something from last month. An American friend decided to post a present for my family here in the UK.  I (and then we) ended up having to pay [...]

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Georgia: Disaster looms for the West while it Watches the East

If the nation is destroyed and people’s homes are wiped out, then where can one flee for safety? If you care anything about your personal security, you should first of all pray for order and tranquillity throughout the four quarters of the land, should you not? – Nichiren Daishonin / On Establishing the Correct Teaching [...]

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Austria Still Denies Bad Things Happen

It wasn’t Us! We’re Not the One’s Wot Dunnit! In the latest gaff from Austria regarding the bizarre incestuous happenings in Amstetten, the the BBC report that the Austrian Chancellor, no less, said that he, while speaking from Vienna, underlined that the “abominable events” were linked to one individual case. But I also quote, without [...]

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