PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH
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The last time I felt under attack from Sir Vince Cable was when he called on the FCA to deal with myself and fellow critics of that Great British company Quindell (QPP). As, even Sir Vince now knows, Quindell was the UK's biggest stockmarket fraud for 30 years, the regulators have thanked me for my work exposing it but Sir Vince worked hard with Lord Peter Hain of sleaze and others to get me sent to jail for market abuse.To the man who has predicted 17 of the last 4 recessions I say thank you once again for your efforts. Now he calls folks like me, hardline brexiteers, "jihadis" in an article in the Mail on Sunday which, even by the standards of that paper, is lie filled fiction.
It is hard to know where to start with Sir Vince's diatribe. He labels some of us Brexiteers Jihadis and implies that our extreme positions will cause violence. His only evidence is a speech by the loathsome Nigel Farage suggesting that if Brexit does not happen, that is to say if the result of the largest exercise in democracy in British history, is ignored, there may be civil unrest. Farage is not calling for it but he says there may be. Well Sir Vince what does history tell you happens when an out of touch and widely despised elite ( and we can surely agree that MPs are despised) ignore the wishes of the sans culottes? Sometimes we little people get angry.
Sir Vince then proceeds with economic analysis which is GCSE grade fail material to justify his claim that since 2010 "the old have shafted the young" - he writes:
The martyrdom of the old comes cheap, since few have jobs to lose. And even if the country were to become poorer, their living standards are largely protected by the 'triple lock' on the state pension and many can rely on occupational, final salary, pensions which are closed to younger people. When I joined the Coalition Cabinet in 2010, we took pride in the 'triple lock' to banish the scourge of pensioner poverty. But one of its unintended consequences has been a growing rift between generations.
Pensioners have suffered relatively little from the aftermath of the financial crisis – unless they were slow to shift savings from banks to shares or property. The burden of austerity has been carried by the working population. Young people suffer the additional disadvantage of prohibitive housing costs, growing job insecurity and limited career progression. The old have comprehensively shafted the young. And the old have had the last word about Brexit, imposing a world view coloured by nostalgia for an imperial past on a younger generation much more comfortable with modern Europe.
What pure drivel. There are a lot of pensioners who have been screwed by the policy response to 2008, those on fixed incomes for whom near zero interest rates have been a disaster. Our response to 2008 has been to obliterate the income streams of the prudent and yes most such folks are old. The idea that millions of pensioners could switch asset allocation to shares or buy to let in response is just fantasy.
Those low interest rates have fuelled an asset bubble notably in property and that has indeed screwed the young via higher rents and increased costs of buying. Indeed so expensive is it to rent that record numbers of young people have to sell their bodies for sex to survive. We should have raised interest rates to reward the prudent and to pop that bubble. We did not. When did Sir Vince make the electorally unpopular call for higher rates? Natch. Never.
This is not the old screwing the young and it is not a British only phenomena. It is the establishment screwing the rest of us, the pensioners, the young and the ordinary working class folk with no exposure to the asset bubble who missed out on the gains enjoyed by the metropolitan elites. Those who have suffered are the sort of folks who voted for Brexit and for Trump and for other people Sir Vince despises.
This is not about austerity for, as everyone bar the man sho has predicted 17 of the last 4 recessions knows, Government spending has increased in real and absolute terms, every year since 2008. There is no austerity. This is about ZIRP and the asset bubble.
Sir Vince's icing on the cake is the claim that we ageing Brexit voters voted as we did because of "a world view coloured by nostalgia for an imperial past ". Hmm I guess the 54% of Sikhs who voted to leave were just looking back on the Raj and saying let's have more of that. Notalgia means memories of things that happened in the past but is almost always used about events of which you have first hand experience. You look back nostalgically on your school days, on University, on your first kiss on when West Ham last won anything at all. But when did Britain last actually have an empire about which we can be nostalgic? The answer is during the second war: by 1945 the empire was in tatters, Britain was a bombed out mess. So to have remembered that imperial past you would have had to be, say, 12 in 1945 so born in 1933 which makes you 83 at the time of the Brexit vote. I put it to Vince that very few of we Brexit voters actually have any sense of imperial nostalgia. Folks in their sixties reached 12 in the sixties by when Empire was dead and buried.
Last week Polly Toynbee was saying that we evil Brexiters voted as we did to protect the green and pleasant land. Now Sir Vince says it is because we dream of empire. That is the way of the patronising elites they like telling the rest of us why we voted as we did because they know better than we do - we are just too dumb to know why we vote as we do. Okay the remoaners change their mind and contradict themselves but they do know best. Remember that common people.
I voted as I did because I wanted decisions about the country where I live made in that country not by an out of touch elite in a foreign land whose direction I could not influence and which was able to take my money year after year even though it could not get its accounts signed off and could not explain where the cash all went. I think that view can be summarised as believing in democracy. that also means that I respect the referendum result and don't - like Sir Vince - want it overturned. There used to be a party that believed so much in democracy that it had Democrat in its name. Sir Vince can you remember what that party was?
Incidentally my wife, whose parents came here from India, voted the same way as me but thanks to ir Vince we now know that this must be becuase she was just looking back on the Amritsar massacre of 1919 and thinking of what a great time we Britishers used to have before the evil EU.
As I noted above, even by the lamentable standards of the Mail on Sunday, the fraudster's friend scores a fact check fail.
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I could just about accept the poll tax that is the BBC license fee if I was served a diet of high quality non news, as Lord Reith desired, and full impartial news. But in fact my license fee goes on paying idiots such as the tax dodging, virtue signalling, fraudsters pal Gary Lineker seven figure salaries to front up crap. And as for the news?
On BBC World about ten times a day we have an advert fronted by Katty Kay in which she boasts of how the BBC never takes sides in any war, election or dispute and that makes it the most trusted brand in world news. Does the silly woman believe that pap or is she being ironic?
The headline below came out today:"Three Palestinians killed after deadly stabbing in Jerusalem." Fuck me those Jews are evil. Fucking Israelis butchering three poor Palestinians. Bastards. Total bastards. Er....
Er.... well what actually happened was that three Palestinian men pulled out knives and started attacking anyone they could find - all they wanted to do was kill Jews. A number of civilians were injured and a 23 year old female cop was stabbed to death. To end this rampage other cops shot the terrorists and killed them.
Their families will now receive a mega "pension" from the Hamas run authority in Gaza, a body that is heavily funded by EU money. What's not to like? They are set up for life and we EU taxpayers get to fund it. Great.
Does this incident ring any bells? Did the BBC run the headline "Three muslims killed after deadly stabbing in Borough Market". It did not but the facts are broadly the same. The only difference is that Israeli cops carry guns so the death toll was much lower in Jerusalem than it was in London.
How can this headline be seen as anything other than misleading? Wherever you stand on this conflict surely you find something Orwellian in the reporting of the state funded broadcaster? The BBC gave up on showing any balance in its coverage of Israel ages ago. The BBC was slammed by watchdogs for its lack of balance on Brexit. Donald Trump got it right in calling the BBC out as a fake news channel.
I make no secret of the fact that I stand with Israel. So for me to be forced to pay for these lies is something that I find personally offensive. Let us hope that the DUP sticks to its manifesto pledge and as part of a deal with the pathetic Tories, forces Mrs May to slash state funding for this shameless propaganda and for the ghastly Lineker once and for all.
716 days ago
Everyone, including me, called the French election right, but I was one of very few who predicted a Trump win in the US. For my hat-trick I am now having a stab at forecasts for the UK General Election on a party by party basis. But first just a few general observations before I go onto what will be a night of triumph for the Tories.
1. We are back to the 1970s in that - outside Scotland - we now have two party politics. In England and Wales almost 90% of those voting will back he Tories or Labour. Folks know that the other parties are irrelevant.
2. London is different to the rest of Britain. Multicultural, largely very asset rich, remoaning it is keener on brand Corbyn than the rest of us. Labour may pile up votes in safe seats in the Capital but in real England the values of the Corbynistas go down like a bag of cold sick and the shift will be away from Labour.
3. The Tories ran an awful campaign but at the end of last week it hit is nadir in terms of support as minds focused on the sheer horror of the alternative. Events at London Bridge have not helped Labour. Corbyn and his close allies have been the friends of all sorts of awful terrorists for 35 years. Folks know that.
4. There are imponderables. The biggest is how many young people who can't remember the IRA and believe in Money Trees have registered to vote or will bother to cast a ballot?
So how will the parties fare? I exclude Northern Ireland because although Ulster is God's chosen land I have never understood its desire to elect folks who from all parties are as mad as a nest of snakes. So let's just leave NI as snakes 18 unchanged. The speaker, the loathsome John Bercow, will also hold his seat so make that 19 snakes.
UKIP will win no seats. In fact I'd be surprised if it keeps its deposit in more than a handful of places. The party is well and truly over and its leader Paul Nuttall can go back to playing for Tranmere Rovers or whatever he claims to be good at. In many seats it is not standing so its 4-5% in the polls is illusory. It will be lucky to get 2% of the national vote. The question is where do its 4 million votes from 2015 go to. Oddly many of those votes came FROM Labour but they will not be going back. My instinct is that most fruitcakes from 2015 will vote Tory, with a large chunk not voting and only a small number voting UKIP or Labour.
The SNP is now on 56 seats but will, I predict lose 12. The Scottish Nazis have not run the Greece of the North well and their obsession with independence post the referendum defeat is not helping - most polls now show a clear and increasing majority against independence. There will be some tactical voting by Unionist/ SNP haters and the extent of that is the great imponderable thus I would expect The Tories to gain 9 to go to 10, Labour to gain 1 to go to 2 and the Lib Dems to gain 2 to go to three.
That is almost the end of the good news for the Lib Dems. They should pick up two seats in South West London on the remoaning riviera and that will see the fraudsters friend Vince Cable back at Halitosis Hall. But they may not hold the Richmond by-election gain ( where the fuzz are now investigating their god-awful MP) and they will lose a couple of other seats (Southport and North Norfolk) so net net they will end up on 10 (up from 9). Do not expect Cable, the man who has predicted 17 of the last 4 recessions to hang around for long. He will stab hapless Tim Farron in the back and be crowned as the Lib Dem's new leader by the Autumn.
Plaid Cymru have not had a good election but folks in parts of Wales are strange so they cottage burners may hold their three MPs.
The Greens will hold their one seat in Brighton. The only possible gain is Bristol West which has in living memory been Con, Lab and Lib Dem. The seat is prosperous and remoaning. But the Labour MP is a very likeable woman and I think she will hold as the opposition fragments.
Labour is on 229 seats right now. There will be the odd rogue result which sees a Labour gain. But outside London the UKIP votes going to the Tories and traditional lower middle and working class votes going Blue (as well as Indian and Jewish voters) will see Labour do very badly indeed. It is perfectly possible that the overall Labour vote may - thanks to Scotland and London - actually go up but seats like where I live where Labour has a 4,000 majority may well go blue. The Bookies have the Tories odds on with Labour evens in Bristol East. On that basis my prediction is Labour 201
And that leaves the Tories winning 372 seats and thus having a majority of 92. They do not deserve to win so handsomely but they will certainly have a comfortable majority so it is full steam ahead on Brexit.
Please note the imponderables at the top of this article. The polls suggest that it will be closer than I forecasts. But the fact that both Mrs May and Comrade Corbyn have spent the past few days campaigning in what should be safe Labour territory tells you what the internal polling of the major parties is telling them.
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On the day that Marissa Mayer, the CEO of Yahoo, increased her net worth by $187 million to c $700 million by selling the company, there was a conference in Berlin yesterday to discuss gender inequality, glass ceilings at al. Most of the big names were career politicians with zippo private sector experience. Convicted fraudster Christine Lagarde - who somehow remains head of the IMF despite her criminal conviction - was there and so to, representing the US was Donald Trump's charming daughter Ivanka. Cue: a fake news outburst from the liberal media.
But she is not elected say the MSM? er yes... Do they not understand how American politics works? Folks elect a President and he chooses his cabinet and advisors. None of them are elected. So who the President opts to send to a pointless conference in Germany is completely up to him. Whoever he sends is going to be unelected.
If you remember President Rapist got his wife crooked Hillary to mastermind his disastrous healthcare reforms. No-one elected crooked Hillary to do that job, President rapist just appointed her as he was totally entitled to do.
As it happens Ivanka has run her own business so was probably more qualified than almost anyone else in Berlin to talk about gender issues in the workplace in that she has actually spent some time in the workplace while the flock of career politicians also present have not.
But for the fake news outlets to say that Ivanka not being elected is an issue is just fake news. It is not.
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City law firm Pinsent Masons played its part in the Sefton dirty tricks campaign against Dan Levi and me with its infamous letter to the FSA trying to stop me writing about shares. To protect its bent client it tried (and failed) to deprive me of a living. And it then (at great expense to Sefton shareholders) tried to bully me in the libel courts. As such you might understand why I am not its greatest fan.
Pinsents tried to destroy me on its chosen playing field (the law). It failed. Now the rematch is set to take place on my chosen playing field – the internet and new media.
Pinsents disgraceful behaviour is now all over the internet. Those responsible for its new media promotion cannot be enjoying what they read. Its role in the Sefton scandal is now laid bare and my triumphant visit to its luxurious office with a glass of champagne is now a well watched video. The Times newspaper mentioned it in full and Pinsents must be squirming.
But still the fuckers will not withdraw their law suit (which they admit is in tatters). Still there is no apology. I am not asking senior partner Chris Mullen (hey Chris you now feature in google searches alongside a pic of a scantily clad Cheryl Cole which is not pornography and the word fraudster thanks to liar and fraudster Jim Ellerton) to come and grovel personally. But Chris, you could send along a few of the other partners to buy me a slap up dinner at RMPC or just write a public letter of apology.
Oh shite, Chris now appears on google searches next to the word pornography. Welcome Pinsent Masons to my chosen battleground of new media.
Meanwhile I know Pinsent Masons has spent a great deal of effort building up its twitter presence so if you are bored just head off to @pinsentmasons find any one of its worthy tweets and draft a suitable reply. As an example earlier today I found a tweet from PM
Financial firms to set targets for female board members - Linda Jones of @PinsentMasons talks to @BBCNews http://bbc.in/13cGpRN #ukemplaw
So naturally I replied (including both @pinsentmasons and @bbcnews)
@PinsentMasons @BBCNews how about as a priority ensuring boards do not have contain crooks like Pinsents star client Sefton @TomWinnifrith
If you having nothing else better to do this weekend, feel free to go and tweet a reply to one of the numerous dreary tweets sent out by Pinsents and bring some life to its twitter feed. I am sure that they will appreciate the gesture.