This is a story about ingratitude...

Why do I attack the industry that has suckled me? Why am I so angry and upset with the profession that has nurtured me? Why am I so ungrateful for my whopping big salary and cushy benefits?

Administration: the unnecessary bureaucratic headache that creates unwelcome red tape, adds no value to the real economy and is an overhead that limits the productivity, innovation and creativity of those who are truly useful. I don't work in the Information Technology business. I work in the business of administration.

The two most productive things that I do in any given week are filling in my timesheet and submitting my invoice for payment. The most important thing that I do each quarter is to pay my Value-Added Tax (VAT) down to the precise penny that I owe. If I'm not perfectly on top of my bureaucratic administration, the Government will stop me doing my 'real' job, which is creating software.

But what does the software I create do anyway? Most of it is just keeping score. It's bean-counting software. It's software that creates jobs for zillions of IT professionals like me, so that companies can get rid of zillions of administrators, that they immediately re-employ to make sure their IT professionals are filling in their timesheets correctly.

For every person who I put out of a job, by automating the processes they perform, the company will then invent some other pointless position. Our whole economy is based on bullshit jobs.

Should I be happy to have a job, and to count my blessings? Well, no. It's immoral to not consider whether you are having a positive or a negative impact on society, and on the planet. To count my blessings is an incitement to be wilfully ignorant of global issues, and the betterment of humanity.

So what am I doing instead, to align my values? How do I reconcile the rhetoric of what I preach with the obvious fact that I am enabling massive corporations to continue to ride roughshod over the human race and the fragile planet?

Well, I take the money, and with it I pay my rent & bills. And then, I spend 90% of my time thinking about issues and writing this blog. I'm not paid to create software - so little of my time is actually spent doing that - instead, I'm paid to bite the hand that feeds me. It's an inside job. I'm disruptive and cynical. I'm disillusioned and critical.

Does that mean my colleagues have to work harder to make up for me slacking? No. It doesn't work like that. If my boss asks me to do something, I won't do it. I'll wait to see if they ask me again. My boss isn't going to ask somebody else to do it, because they've already asked me to do it. 9 times out of 10, I'll never be asked again. The tenth time, I'll realise that whatever was asked of me actually was important, so I'll apologise and do the work.

So, am I idle? Absolutely not. With the time I could have spent doing those 9 things that were clearly unnecessary, I will conduct a kind of audit. I will go around, looking to see if there's anything more useful I could be doing. Invariably, there isn't. Everybody is just so locked into a hierarchical system of managers, administrators & clerks, that nobody has looked at the bigger picture and realised that what they're doing is absolute bullshit. Or if anybody has realised that their job is utter bullshit, they're not talking about it.

Now, I'm not talking about nurses, garbage collectors, train drivers, firemen. It's pretty obvious what the useful function of many front-line workers is. However, these people are working all hours for some of the lowest wages. No manager needs to tell a nurse to help a patient who is in pain & discomfort. No administrative drone needs to make sure that a garbage collector is hitting their Key Performance Indicators and is going to achieve their annual objectives at their appraisal. Either the important job is done, or it isn't.

There are functions that literally nobody would miss, except maybe not being harassed by an army of micromanagers and bureaucrats. Isn't it the case that you're propping up a sick and twisted system, by continuing to count your blessings and not rock the boat?

I frankly find it disgusting that I'm paid so many more times more than what a nurse gets paid. If I was to simply sit back and "think positive" and try to enjoy my ill-gotten gains, doesn't that make me a terrible, terrible person?

It's probably true that the world doesn't need any more bloggers, but what am I supposed to do? Impoverish myself and retrain as yet another disrespected front-line worker? It's hardly like they're being heard today, is it? How are the social wrongs ever going to be righted?

It seems to me that the right thing to do is to speak up. Yes, I jeopardise my lucrative career in doing so, but it's the right thing to do. People are more likely to listen to an IT consultant from the banking world, who is critical of the sector that pays me handsomely, than they are to somebody who could easily be dismissed as simply "jealous" or "not smart enough" to land themselves a similar job.

Truly, I do not think that front line workers are not smart enough to do my job. In actual fact, you have to be pretty dumb to be able to turn a blind eye to the social injustice of being highly paid to be an idle manager of hardworking people who do the real jobs.

I currently have no cash to put my money where my mouth is. Quitting my job would literally see me homeless and destitute again. However, I do anticipate a time when I will be faced with a true test of my morality: when I am able, will I quit the rat race and try to do something that is more in line with my values?

I have massively impoverished myself, trying to take an ethical stance, and I would do it again. It's the right thing to do.

Tags: #politics #banking #capitalism #career #computing

This is a story about having too much of a good thing...

Pills, pills, pills. A pill for every ill. We have so much faith in modern medicine at the moment, that we have medicalised boredom, depression, stress, when clearly these are as much a product of our environment, as they are a sign of anything pathological.

The very process of going to your doctor and getting sent away with some unnecessary pills, is well known to have a placebo effect. With the Internet and the possibility of self-diagnosis, we have turned into a society of hypochondriacs, who attribute every tiny discomfort to symptoms that require medical attention.

We have now overprescribed to the point that we have super-resistant strains of bacteria that can't be killed even with our last-line-of-defence antibiotics. Going running to your doctor because you've got a cough or a cold, and being fobbed off with magic beans that you believe can cure your viral infection, is just downright stupid, and now it's biting our arse.

It's the same thing with antidepressants. Because over 60% of us hate our boring stupid stressful crap jobs, we've been dishing our psychiatric medications like they're sweets. Over 60 million antidepressant prescriptions got written last year in the UK. That's enough for every man, woman and child in the whole country.

The number of people taking antidepressant medication for their clinical depression has doubled in a decade. There is a mental health epidemic that is driving so many other antisocial trends: alcoholism, drug abuse, isolation and loneliness, insecurity and anxiety, loss of productivity, loss of motivation, loss of drive to exercise and socialise.

What are you going to do if you work some dreadful zero hours contract for rock bottom wages and can barely make ends meet? What are you going to do if there's no hope of you getting on the housing ladder, or escaping from the financial situation you find yourself trapped in?

Of course people are going to turn to drink & drugs, to try to numb themselves from the painful monotony of working as hard as you can but never getting ahead. There is no light at the end of the tunnel for so many people. You just work, and then you die. None of your dreams will ever come to fruition. None of your hopes will ever be realised.

There's a disrespect for addicts and alcoholics, like they're taking the easy way out. Because there is supposed to be instant gratification in a pill, powder or liquid that contains psychoactive substances - uppers & downers - then it doesn't seem as worthy as those who physically toil for their fix of endorphins. However, how many 'legitimate' routes to happiness are there in the world, really?

There used to be a formula: get married, buy a house, have some kids, die. The first 3 you can't really do anymore, without cash handouts from the bank of Mum & Dad and/or the state. Who can really afford the lavish wedding that society expects us to have? Who can afford the deposit on some crappy tiny little flat, and afford the mortgage repayments, when you earn barely enough to survive? Who can afford childcare and all the other associated costs of childrearing, when you already don't have any disposable income?

All the hard work, industriousness, austerity, careful financial planning, saving, budgeting and diligent application of yourself to furthering your career, is likely to result in what? Maybe a few percentage points of a pay rise, if you're really lucky. Are you going to get promoted? Are you fuck. They're going to promote somebody incompetent and lazy, because they're older and they've been with the company for longer. Merit and hard work will get you nowhere.

So, pretty soon, you're going to get tired & depressed about it all. You tried hard at school. You turned up for your exams and gave it your best shot. You stressed yourself out and went to those interviews and got that job, and you worked your hardest, day after day, even though you could sense it was all utter bullshit by now. And for what? Where are you? What have you achieved? What are you ever going to achieve?

The enormity of it all hits you: you were sold a lie. You can't be anything you want to be. You're not special. You're not unique. You're not different. We're all just so much meat in the mincer. Turn the handle and out comes yet another drone just like you; prepared to do the shittest, most mind-numbingly boring and pointless work imaginable, for a salary that doesn't even buy you the basic essentials in life.

Why wouldn't you go running to the doctor, and ask them to dope you up to the eyeballs, so you don't have to live with the crushing realisation of the pointlessness of it all anymore? Why wouldn't you need happy pills, when you realise that the only way you're ever going to get the things that you were promised that hard work would bring, is by being given a council house or a cash lump sum from your parents. The only way you're going to ever be self sufficient is if Mum & Dad or the state top up your income... like you're some sort of fucking charity case... going around with your begging bowl.

How undignified. What an affront to human dignity it all is. Our parents and grandparents proudly tell us that they're "self made". They make loud proclamations that "nobody ever gave me a handout. I worked hard and I earned my keep". How shameful it is that we're twice as smart and work twice as hard, but we have nothing to show for it, except for a sneering generation telling us that exams are getting easier and that we're lazy and stupid.

Crippling debt and the crippling shame of not being able to live independently, not being able to be self sufficient and feel like we too are earning our money and contributing to the growth and wealth of the nation. It's all so crippling, so debilitating. Of course we need to turn to medications, drink and drugs.

You think it's about having a good time? Happy pills, and lashings of beer & wine? You think people wouldn't rather be happy by natural means, because they're fulfilled by normal things in their life: walking the dog, kissing their kids goodnight and paying the mortgage on their own home?

Antidepressants are a sticking plaster over a gaping wound. We have attempted to cover up the steady decline in the standard of living of young people, and mask the problem using happy pills, but the soaring suicide rates are just the tip of the iceberg.

Unless we face up to the reality that those who are suffering from many mental illnesses are the canary in the coal mine, we will reach a crisis point where most of the population are unable or unwilling to continue to maintain the status quo.

The mental health epidemic is the true breaking point, not immigration.

Tags: #mentalhealth #suicide #depression #politics #capitalism

This is a story about the debt spiral...

When the burden of debt in society is too great, and lenders are unwilling to forgive - to take a debt haircut or even write off debts - then there will be popular uprisings.

It's not that people don't want to repay their debts. In fact, most people accept that debt is a necessary evil in order to get the things they need when they need them, rather than towards the end of their life, in senile old age and infirmity.

And so, we become burdened with a mortgage, in order to give our family a stable roof over their heads. We become burdened with a car on hire purchase, so that we have a reliable and safe modern vehicle to be able to take the kids to school, and to get us to work without breaking down. We put our holidays and special occasions on credit cards, and pay back the debt when we get back, or after the festivities are over.

Most people diligently repay their debts.

In free-market economics, prices are able to fluctuate to find the point where affordability meets maximum profit. Do you think the cost price to the producer or supplier of the goods and services that you purchase, bears any relation to the retail price that you pay? Of course not. That's why a designer brand T-shirt costs at least 10 times as much as an unbranded garment, even though they come from the same sweatshop in the developing world.

In our consumer society, you are 'free' to select the goods and services that you want. However, in order to fit in with your buddies who are in a similar socioeconomic group to you, you will select the brands that they do. If you're rich, you'll do your supermarket shopping at Waitrose. If you're poor, you'll do your shopping at Asda/Walmart. However, the food you buy will have similar calorific content.

The brands become better and better at pricing their products so that you are just about able to buy everything you need, but won't have much spare cash left over. The brands know the income bracket that they're targeting, so they know the level where their consumers will become price insensitive. I literally don't care whether my coffee costs £2 or £4. If my coffee cost £5, then I'd think "blimey! that was expensive, I'm not going to go there again" but the £2 coffee shop could literally increase their prices 100% and I wouldn't even notice.

Once everybody has maxed out their budget, on the mortgage, the car finance, the credit cards, the overdraft, the store cards and some personal loans, where do you really go from there?

We demand that our corporations make increasing profits, but yet in order to do so they must hold down wage inflation and the cost of raw materials. We demand that our economy grows, but in order to do so, people must use increasing amounts of their limited pot of disposable income to drive consumption. What happens when everybody is just maxed out?

We're living in the age of low growth, high borrowing and low wage inflation. In order to sustain corporate profits, the cost of goods & services continues to increase. In order to prop up the capital growth of the pension funds, asset prices - such as house prices - have continued to be overvalued. However, the only way that the general population have been able to maintain their standard of living is through borrowing.

Ordinary people have not been profligate and stupid. People were promised pay rises and promotions, and instead they've been given job insecurity and wage cuts in real terms. If your wage increases just a few percent, but the cost of your housing, bills, food and transportation all increase in double-digit terms, then you're actually getting poorer.

If the headline rate of inflation - which is pretty much just concerned with wages - is low, then the value of your loans & mortgages is not getting inflated away. The baby boomers might complain about interest rates reaching over 15% in the late 1970s, but they forget that their wages were also increasing too. By the time the 1980s came around, people's mortgages were a tiny fraction of what they were earning.

What we see today is people's cost of living skyrocketing, but their wages are the same, which means they're earning less and less in real terms. If your wages stay the same, and your cost of living is increasing, that means you have less and less money to service your debts. So, you tighten your belt and cut back on your consumer spending, which in turn hurts an economy that is so dependent on spend, spend, spend!

What we see today is far worse than the Japanese stagflation that meant that the price of goods and services was getting cheaper, which encouraged people to become thrifty because they could buy things more cheaply if they waited. Instead, what we are seeing is people who have been promised growth, completely screwed over by a system that robs them of their wealth with no opportunity to do anything about it.

In a zero growth world, debts need to be forgiven or else ordinary people will become so unhappy that they will overthrow their idle creditors.

Tags: #banking #capitalism #politics

This is a story about ethics...

Imagine if you or I got caught laundering the best part of a billion dollars worth of drug money. We'd get sent to jail for a very long time, right? What if a bank got caught doing it, and there was so much evidence that there was clearly a case for criminal wrongdoing that could be prosecuted? Well, maybe you'd get given a chance to get rid of some of your dodgy customers, and nobody would go to jail. Does that sound fair?

Let's think about the financial crisis of 2007/08, when reckless trading meant that the whole banking sector had to be bailed out, causing austerity for ordinary hardworking people. The people who have paid the highest price - with lower wages, job insecurity and cutbacks for frontline services - would never be able to go begging for interest free loans if they behaved so irresponsibly.

Bankruptcy is not a criminal offence. It's OK for a private citizen to run up huge debts, find out they could never hope to possibly repay their creditors, and declare bankruptcy. You don't go to jail for bankruptcy.

So, arguably, what the banks did in 2007/08 wasn't that bad. It wasn't criminal. They had their risk underwritten by governments, so why wouldn't they take huge risks with public money? They were economically incentivised to take those risks, because the precedent of the "too big to fail" bailouts meant that there was no downside risk.

But what about money laundering? What about facilitating payments for drug gangs, dealers, traffickers? If you or I were involved in any of that as a private citizen, the courts would throw the book at us. They'd lock us up and throw away the key. It's criminal.

So, what about the banks? If the biggest bank in Europe - HSBC - was well known to authorities for helping a couple of major drug gangs to launder the best part of a billion dollars in dirty money, wouldn't that be criminal too? Wouldn't people go to jail?

Well, no. Enter the concept of "too big to jail". Just like the financial bailouts that the banks received, banks can also receive Deferred Prosecution Agreements. That is to say, even though you got caught doing criminal stuff, you'll get let off so long as you take some steps to stop doing it in future.

And how long would you have to get rid of your dodgy customers? Well, say the US Department of Justice were thinking about prosecuting you in 2012, you might still be botching the IT project that is apparently 'essential' to get rid of your dodgy customers 4 years later... in 2016.

How much do HSBC really know about their customers anyway? Well, from their electronic records that they already have on file, they know about 6% of what they need to know. So basically, they don't know 94% of what they need to know.

Now, you might not be an IT project management expert, but you'd have thought that it's more important to find out the missing 94% of what you don't know, than even to bother with the 6% that you do know. Sure, it's pretty embarrassing to have to ask your customers where they live again, but what you really need to know is this: where did you get your fucking money?

In Customer Due Diligence terms, this is called Source of Wealth. You might have inherited the money (legit), you might have won the lottery (legit), you might have sold a priceless artwork (legit) and you might have trafficked vast quantities of illegal narcotics (not legit). Basically, HSBC had 4 years to ask all their customers "is your source of wealth drug money?". Did they manage this? No.

I'm quite spectacularly offended by just how badly they botched a simple project to ask all their customers to fess up: are you in the illegal drugs business?

Sure, it's true that HSBC had to cough up a couple of billion dollars in fines, but for them that's just the cost of doing business. Their profitability was barely affected.

Arguments were made to the US to defer prosecution, and to allow HSBC to keep its banking charter and continue to do business in the United States. These arguments were made on the basis of maintaining stability in the financial markets. The Deferred Prosecution Agreement came with stringent terms, that a court would appoint a Monitor to make sure that HSBC actually cleaned up their act. I can tell you now, Michael Cherkasky, that the project to clean up HSBC's customer base was a total sham. A shambolic waste of time & money, mismanaged to the point that the whole thing was laughable.

Do you think that message that is sent to "too big to fail" organisations, that they're above the law and they can never go bankrupt because they'll always be bailed out, is looking like the right one, today, now, in 2016?

The argument that has been made is that we need to prop up the share prices so that the pension funds are protected, and we need to maintain financial stability. Isn't that just utter bullshit, in the face of austerity and extreme volatility in the markets? We've had round after round of Quantitative Easing (QE) and other attempts to breathe life into markets that have lost their minds. There is nothing at all rational or efficient about the global markets that we see today.

And to round it all off, it's corrupt as hell. To allow banks to ride roughshod over the rule of law is the final step in handing over the nations of the world to the multinational corporations who have driven us into a position of financial ruin, much to the pain of the vast majority of ordinary working people. It stinks of the worst corruption ever perpetrated on Western civilisation, does it not?

Somebody has to call time on the lack of ethics and accountability for the too big to fail organisations, and their board members who are too big to jail.

When we allow the likes of Stuart Gulliver to be the CEO of HSBC, when he doesn't even keep his wealth in the bank he manages, but instead keeps it hidden in the Cayman Islands and Switzerland, clearly we have corruption right from the top down.

David Cameron, outgoing Prime Minister of the United Kingdom said, as recently as April, that "[I] can't point to every source of every bit of [my] money" but yet we would have the likes of you or I have to prove that our filthy lucre was not ill-gotten gains from some criminal enterprise. The corruption comes from the very top of both Government and organisations. It stinks.

Who is going to grasp the nettle and hold Government and large enterprise to account for having run us into economic ruin, while busily siphoning wealth offshore?

There needs to be accountability. There needs to be jail time for corrupt executives and government ministers.

Tags: #banking #capitalism #hsbc #politics

This is a story about a feeling at the pit of my stomach...

How often do we think "I want to help, but I've got so many of my own worries"? How often are we held back by the bystander effect... assuming that somebody else is going to step in first, so that we don't have to?

You'd hope that nobody would have to be in hospital alone, uncared for, while they're in pain and discomfort. You would think that even somebody who has been infected with Ebola, has loved ones who have come to wave through the protective plastic bubble.

Leaving aside my own obnoxious family, doesn't it set alarm bells ringing for you, the fact that we have a society that can so easily turn its back on undesirable members?

Whether it's the benefits cheat, disability scrounger, mental health basket case, junkie, alkie, hobo... whatever. There are plenty of people who have been demonised by the media. We have even descended to the depths of attacking our economy-boosting immigrant population, with terrorism as the brush with which we tar an entire Muslim community, for example.

This whole "look after number one" isolationism, along with "take our country back" and "look after our own" misguided silliness, is rather telling of a wider trend: everybody is just being selfish as fuck.

You might think it's in your family's best interests to hide behind your locked front door, and assume that the world is filled with rapists, paedophiles and murderers, but actually the whole of civilisation is coming to an end, because of the fear and mistrust, and reluctance to help one another.

That's a big statement, isn't it? "Civilisation is coming to an end".

Well, let's examine that a little more carefully. What even is civilisation? Surely, civilisation is not leaving anybody to die of starvation or exposure to the elements? Surely, civilisation is caring and sharing with one another? Surely, civilisation is working together, not acting like a bunch of individual animals, fighting with each other?

So, when I think about going back to work tomorrow after an excellent weekend of looking after number one, I can't help but have a heavy heart, thinking that my job is simply to make the rich richer. I might have a big paycheque but I certainly don't think that means I'm delivering good value to humanity. On the contrary: I know that I'm propping up a very broken system, and I hate it.

Yes, it makes sense for me to take the money, and to stuff my mattress full of filthy ill-gotten lucre, but it's painful. It actually makes me unwell, to know that I'm part of the problem, not part of the solution.

Once you get some skin in the game I guess it becomes a little bit easier to justify the unjustifiable. Little Hugo needs his ballet shoes, after all, so you'd better go off to work for the capitalists who are intent on destroying the world. How could you possibly help the homeless, when you need that money to get bright special little Alice into that slightly better primary school? Perfectly understandable.

Maybe our children will catch poverty. Maybe children will catch mental illness. Let's not take any refugees, and let's allow people to starve and go homeless, because surely we're living in a jungle where only the fittest will survive. Isn't that what life's about? Have as many children as possible and fuck everybody else?

Doesn't it seem a little primitive to you, this way of acting that is tribal, nationalistic, isolated, don't trust your neighbour, fuck the refugees, fuck the poor, fuck the sick, fuck everybody who isn't me?

I know that I could easily do a "fun run" or a sponsored "do something enjoyable that I was going to do anyway" in order to salve my conscience. Maybe I can get a partial lobotomy, so that I can forget that charity has completely failed to do anything about poverty and inequality, and it never will.

It's people's attitudes that suck. It's this whole "it must be somebody else's problem. It's certainly not my problem" thought pattern that sucks.

The point is: it's everybody's problem.

Tags: #politics #capitalism #career #depression

This is a story about terrorism...

Do we take stability for granted? In actual fact, I think we do a remarkable job of Keeping Calm and Carrying On, in the face of the threat of violence.

I often think about Britain's role in my lifetime, as a diplomatic and tolerant nation. We made great strides in the Northern Irish peace process, and IRA bombings and bomb scares had almost faded from memory. We managed to protect Salman Rushdie, when he published the The Satanic Verses, while at the same time maintaining a good relationship with the Islamic world. Acts of terrorism, like the Pan Am bombing, were committed on British soil, but yet our nation never stumbled as a respected statesman in foreign affairs.

However, perhaps our politicians took our position for granted.

Entering into an illegal war against Iraq was just downright arrogant and stupid, on the basis of supposed intelligence that was never questioned within the corridors of power, despite the fact that the public were obviously not convinced by the outlandish claims.

Surely nobody can deny the fact that Britain's recent foreign policy has made our nation a target, rather than a safer place for our citizens. The war in Iraq was cited by the 7/7 bombers, as the reason for their attack. Our MPs voted to bomb Syria, further compounding a refugee crisis, and angering the Arab world. Then we held a referendum on leaving the EU, which threatens to derail the Northern Irish peace process as well as unleashing a tidal wave of racist hatred & intolerance.

London needs to remember that Britain is a European nation, and Europe has land borders with the Middle East. We are not the USA, with a massive body of water - The Atlantic Ocean - that separates us from those who want to kill us.

It's OK for the USA to meddle in the affairs of Ireland, Europe and the Middle East, because they are the best part of 4,000 miles away. So long as the Arab parts of the Middle East don't get intercontinental ballistic missiles with nuclear warheads, they're more than happy for Britain to idiotically make itself unsafe in the process of protecting American interests.

Our Irish neighbours who believe in the re-unification of their island under a single republic, can quite easily take a short ride on a car ferry and come and blow us up. Have we forgotten that? I can't really tell you how my fellow Brits in Belfast feel, but I certainly don't want to offend my friends in The Republic of Ireland, by making them feel like Britain is yet again becoming a viciously violent imperialist, at the expense of European peace.

Britain has long had a tradition of multiculturalism, and offending our Muslim population seems unwise. We can't deport people based on their religion. Many Muslims are second or third generation. They're as British as you or I.

The USA can send Israel guns, bombs, tanks and warplanes, in order to illegally occupy Palestine and oppress the Arab people. The USA can do this, because they are thousands of miles away, across vast oceans, from the vast swathe of the planet that they are committing atrocities against. Muslims are just 0.9% of the population of the USA. However, in England, 5% of the population follow the Muslim faith.

Britain is in no position to act like the USA, in terms of foreign policy. Britain is in no position to make itself an enemy with its neighbours and its own citizens.

Horrible racists like Donald Trump might talk about "the ban" on people of the Muslim faith, and this might even be sadly workable, because of the popularity of the policies in a predominantly isolated nation. However, Britain is an island trading nation, a multicultural society, and close to the great landmass of Europe, which borders Asia and the Middle East. We don't have a Panama Canal to the south, and an Arctic wilderness to the North. People quite regularly swim across the English Channel.

To use the language of the USA is ridiculous. We can't talk of imposing our own brand of freedom on people, and riding around the world in war machines, blowing up whoever we like, and then acting all surprised and upset when a few people fight back.

The UK has increased and increased its reckless stupidity with foreign policy that threatens the safety of every peaceful law-abiding citizen. I don't want to live in a country where I have to be mistrustful of the Muslim community, the Irish community. I don't want to go back to the days of bomb scares and terrorist attacks.

Britain and London's great success has been in welcoming visitors to our shores. I feel safer in a multicultural London, than I would in a sea of angry white faces, all chanting jingoistic racist nationalistic tosh, at the expense of national security.

You can't use violence and aggression to bring peace. All that warmongering foreign policy, and racist domestic policy, will accomplish, is to alienate the many cultures who had previously felt at home in Britain, and turn ourselves into a proxy target for those who seek to hurt the imperialists that oppress them.

Having Tony Blair as Middle East peace envoy was a dreadful insult to the Arab world. What on earth is Britain doing, other than painting a big target on its back?

Tags: #terrorism #politics #london

This is a story about getting rich quick...

Don't get high on your own supply, they say. It's good advice, because weed seems to dull the wits of my friends, and to curb their enthusiasm for anything more than the getting of more weed, and the consumption of shit food and crap TV.

When I meet young people who feel like they're part of a counter-culture revolution, because they smoke a bit of marijuana, I think how easily they have been duped. How foolish you are, to think that you're fighting the establishment, through your choice of intoxicant.

Governments and the police are mightily pleased to have a stoned population, who are too doped up to be bothered to get off their arses and do anything about social issues, or involve themselves in politics. Chuckling at low-brow humour that is designed to appeal to the stoner brain, is never going to change the world.

The energy and passion of youth has been quashed by the dreaded weed. You're not cool or "fighting the power" by smoking dope. You're actually playing into the hands of the establishment. The cannabis leaf - that ubiquitous emblem - sells tons of merchandise. Camden Market is London's second most popular tourist attraction, and it's mostly because of drug culture.

But what hopes have young people got? They're never going to be able to afford a house, pay for a wedding and be able to support a family, without topping up their income somehow. For those kids with wealthy parents, they might be able to go with their begging bowl to Mum & Dad, but it's hardly the independent self-sufficient life that we should all be entitled to live, is it?

You bust your balls all through school, get some grades, and now what? You can get a massive student loan that will only cover your tuition fees, and you still have to figure out how to pay for accommodation, food & books for your 3 years of undergraduate studies.

Maybe you can save up money before you go to University, but under-18s will be paid £3.87 per hour. Do you think a 17 year old is less capable of stacking a supermarket's shelves than a 64 year old? Why on earth should a young person be paid just 54% of what an old person earns, for doing the same job?

While you're at University, you'll be paid slightly more for your bar work, waitressing or whatever part-time job you can get. You'll get a whopping £5.30. That's still 26% less than somebody with arthritic joints and early-onset dementia. Who would you want working behind a bar? The young attractive, energetic student, or the miserable old codger who shuffles around?

So, what do the most enterprising individuals do, to cope with the crippling debt burden that they face, with little hope of elevating themselves from a position of poverty? Well, some of them will sell their bodies, and sell drugs.

If you deny people a legal route to pay for a quality of life that they're entitled to, they will turn to a life of 'crime'.

The two bestselling commodities, in the history of humanity, are sex & drugs. Ugly people need to fuck, and people want to get high and forget about their shitty lives. The drive to get intoxicated is not even a uniquely human thing. There are plenty of examples from the animal kingdom of non-human species that get off their faces, using various substances.

You might think that demanding plenty of interest on your life savings and wanting a nice fat pension, is OK, because you're entitled to a cushy retirement. However, your young, beautiful and fresh faced daughter or grand-daughter might have few options to live independently, other than being a stripper, escort or 'flatmate with benefits'.

If you browse the London property adverts, you will see a shocking number of offers of free accommodation in return for sex. This is the society that has been created, by structuring everything around the pension funds, instead of investing in young people.

Can't get the job without the experience, can't get the experience without the job. That's the Catch 22 that entraps most young people into minimum wage jobs and living in shared rooms in atrocious quality housing in big cities. It's no fucking picnic being young at the moment, and weed is probably the only thing that allows people to forget the hopelessness of their situation.

A pint of beer in London is £5 or more. That means I can buy two pints for £10. For the same amount of money, I can buy a gram of super-strong skunk weed, and get dribblingly intoxicated for at least a day. Two pints would make me slightly tipsy, and because I'm well-off, I could then easily afford to have 3 or 4 more pints and get violent, abusive and urinate and vomit in the street. However, it's more economical - as a young person - to get stoned out of your mind and not do anything.

The girls who have sugar daddies, hustle for tips as waitresses and strippers or even sell their bodies - these aren't fallen angels, forced to prostitute themselves because they have a drug habit. Often times, the drug habit is a result of having to use what mother nature gave them, as a means to make money. These girls have a plan. They're smart. They've figured out that no amount of shelf stacking for a supermarket will allow them to ever escape poverty.

Our prettiest daughters and grand-daughters are living in luxury apartments in the city centre, taking taxis, eating in expensive restaurants and ordering cocktails at the bar... but how is that lifestyle funded? Every gorgeous pouting selfie you see on Facebook or Instagram... doesn't that say something about the sexualisation of an entire generation, through economic necessity, to you?

The boys will grow weed, or cut coke. The girls will strip or fuck. This is what we've wished for. The olds sit idle in their big empty houses, while their sons, daughters and grandchildren have no option but to pursue the most economically profitable path they can: drugs & prostitution.

I'm painting a bleak picture, but I don't think it's inaccurate.

"It's only a bit of harmless dope" right? Wrong. Can't you see that people's eyes are dulled. The fire has gone out of people's hearts when they're just sitting around stoned. Where is the energy and enthusiasm to change society for the better?

Tags: #drugs #addiction #society #politics #capitalism #sex #police

This is a story about the final countdown...

My target was 300,000 words in less than a year, and I'm almost there. There is certainly quantity, but the quality has been hit & miss.

Why would I continue to write, when the number of readers I have has dwindled? I descended into ranting insanity during a rocky start to 2016, and then the ever-unpopular topic of politics.

Well, at some point you're going to make a breakthrough, turn a corner.

Because Google has indexed all of my 292,000 words for search, people are finding this website from all over the world, and they're able to explore the inner-workings of my mind, on a range of different topics: mental illness, addiction, banking, IT, childhood, and of course the running theme of a person who writes candidly, without self-censorship.

I'm going to write more extensively on the topic of 'open sourcing' the contents of your mind. You might think that I'm narcissistic, self-obsessed, but in actual fact it takes time & effort to sit down every day, compose your thoughts, and attempt to convey your feelings, the inner-workings of your own brain.

Imagine if anybody ever wanted to create a 'bot' version of me. How would you 'download' my brain into a computer system, so that my mind could be simulated? There is no technology in existence today that can create a facsimile copy of my entire neural network, and no technology is likely to be possible in any immediate future, given the trillions upon trillions of nerve cell connections in your brain.

However, the more you write, the more data there is for a machine to analyse. The technology for parsing natural language is very advanced. Also, how would you want to interact with me? Today, most of my friends communicate with me via text chat. If I had already created a bot version of myself, would any of my friends even know?

My friends: how are you, Nick?

My bot: I want to die. Every day is pain and suffering.

You see... it wouldn't be that hard.

My friend Ben created a bot that can do certain tasks, like a Siri-style personal assistant, but wouldn't it be so much cooler if you could interact with a virtual version of me that encapsulated my personality, my values, my unique thought patterns and writing style?

Alan Turing famously came up with the Turing Test, where a computer attempts to convince a human that it is also human. As yet, no computer system has managed to pass the test.

Instead of thinking about complex algorithms that can analyse a question, and formulate an appropriate response, shouldn't we start by thinking about how we can capture a human mind, in digital form?

Sure, we could take all your emails and Facebook status updates, and attempt to reconstruct your personality from data like that, but aren't we constrained by social protocols and expectations? Besides, the computer system would be fooled by the fake image you wish to project.

So far as Facebook thinks right now, the human race is full of happy smiling people who love their kids, never have arguments, and whose lives revolve around a culture of trite soundbites, quotes. So far as Twitter thinks, the human race revolves around clipped, concise 140 character retweetbait. Are we really a race defined by short witticisms?

And so, this long-form verbose version of myself, where my heart and soul gets poured out onto these pages is hopefully highly representative of who I am, what makes me tick. I've tried to leave no stone unturned, no hidden characteristic and shameful secret undocumented.

I still have a time-based objective - to write for at least 1 year - to complete, but I really feel like that's not going to be hard. Writing has slipped seamlessly into my life, and I now depend on it to be able to manage my emotional state. Writing is like the best counsellor that money could buy, because the pages of this website are always here, ready to listen to me, as I pour my little heart out.

Maybe I should STFU, but why? I'm not hurting anybody. This is a legacy. An insurance policy. If anybody's ever standing around wondering "why?" it's probably documented somewhere right here. The smoking gun is undeniably here for all to see.

I know from public speaking, that the more you tell an anecdote or a story, the better storyteller you become, and the more engaging and entertaining you get. For sure, it's addictive, putting yourself out there, once you get over the initial fear of embarrassment. However, how would you feel, if faced with the prospect of writing the equivalent of 5 novels in the space of a year?

How should I feel about the vast quantity of white noise I have pushed out onto an overcrowded Internet? Should I feel embarrassed, ashamed, to have not contributed something more pre-planned and better executed? Am I simply polluting the world of words, with my own contribution that doesn't come with a seal of approval from an institution? Where is my peer review? Where is my commercial or academic backer, to lend authority to my case?

Perhaps we should all go on creative writing courses or get degrees in English Literature from University, before we are allowed to be let loose on a keyboard?

No. Writing is democratic. Writing is human. Writing captures the very essence of who and what you are.

I like my little time capsule.

Tags: #writing #socialmedia

This is a story about premonitions...

Our perception of reality is subjective, and it is coloured by our state of mind. I'm deeply depressed, so I tend to see everything as negative, hostile, and doomed to failure.

Yesterday, I was writing a piece about how I thought the markets had over-corrected, and how I expected to see another rout in the FX and equities markets, of Sterling and the FTSE. Little did I know, that as I was writing, a terrorist attack was occurring in Istanbul, Turkey.

When your mental health is suffering, sometimes you can start making too many connections, seeing too many co-incidences. Last year I started to misinterpret events as significant in my life somehow. I started to feel overly connected to things happening around me - because I was unwell - and thought I was at the epicentre of a seismic event again, like during the Credit Crunch, when I felt at the very heart of the derivatives market and Credit Default Swaps, with JPMorgan.

Michael Cherkasky, the monitor from the US Department of Justice, still isn't happy with HSBC's customer due diligence, but nobody seems to give a shit. The share price might have dropped almost 20%, but so far as I know, nobody's going to prison for not warning the shareholders, which would be a violation of the Sarbanes-Oxley Act, which has tried to force public corporations to be honest and open when things are going wrong.

The thing is, the show must go on, and everybody has a vested interest to some extent. Bear Stearns couldn't fail, because the markets were already spooked by Lehman Brothers. Greece couldn't default, because the entire stability of the European single currency and the stability of global markets was at stake.

Even now, with Britain prompting a disorderly rush for the door, and the potential for systemic collapse, as a domino-like chain of events is set off, we are still seeing a surprising amount of stability.

Market economics is supposed to weed out the weak and the reckless. The companies and governments that have gone beyond their means are supposed to be punished by the market, but actually what we have all demanded is stability, not a free market.

Really, Bear Stearns should have been allowed to fail, AIG should not have been bailed out, Greece should have been allowed to default on its debts, the UK should be allowed to precipitate the collapse of the Eurozone and the inevitable failure of the Euro and debt defaults across Southern Europe.

What people seem to be voting for is the free market that we supposedly have. Where would we be, if we had bitten the bullet in 2007/2008 and not simply propped everything up? Aren't we going to have to suffer a global recession that is many, many times worse than it might have been if we'd allowed reckless companies and governments to fail earlier?

However, the politicians and the banks believe that they've been tasked with economic stability. Certainly, the Bank of England's brief is to try and maintain inflation in a certain range. It certainly runs contrary to our Keynesian understanding of economics, when central banks are actually used to prop everything up, to maintain the status quo.

Gordon Brown famously declared that we had seen the end of boom & bust, but haven't we simply made a farce of the idea that debts ever have to be repaid, and there isn't an endless supply of money?

Civilisations normally fall when the burden of debt is unmanageable, but creditors refuse to forgive debts.

The world needs to deleverage, to have a debt haircut, for debts to be forgiven. The system has failed. There's no moral hazard. Everything is too big to fail. There is no market economics anymore.

I think that what people want is either inflation, to inflate away their debts, or debt forgiveness, because they are over-burdened with huge mortgages, student loans etc. etc. People feel that they've been hurt in the pocket, and they really don't care about the stability of stock portfolios and the value of Sterling.

I see the Brexit decision as almost a vote to accept a devaluation, in the hope of stoking up domestic inflation. It's a vote to accept volatility and chaos in the financial markets, that we supposedly wanted to avoid during the Credit Crunch, but people were never asked if they were OK with a whole heap of bad banks going bankrupt.

Yes, people are probably naïve about how upset they'd be about their life savings being wiped out, and having to use a barrowload of pound notes to pay for a loaf of bread, but perhaps it's better than their lives of quiet desperation, while the rich get richer and the poor get poorer?

I'm incredibly impressed to see stability in the markets today, but I don't think that's what anybody wants. People are looking for a shake-up in the pecking order. People are rocking the boat, because they're unhappy, and they literally don't care about the global economic impact and systemic risk. Perhaps propping it all up, and forcing a very long period of austerity onto everybody wasn't such a smart move.

The next question is: how far are the wealthy prepared to go, in order to get their pound of flesh?

Tags: #politics #banking #capitalism #hsbc #politics #europe

This is a story about volatility...

Most people don't like Mondays. I don't like Wednesdays. I refer to them in my own mind as "whacky Wednesdays" and try and make a mental note not to be travelling anywhere on that midweek hump day. The world always seems to be going bezerk on a Wednesday.

I woke up early this morning to check what the Nikkei - the top 225 shares traded on Tokyo's stock market - was trading at. Money has to go somewhere. When money takes flight, it can run to save-haven currencies, like the Swiss Franc, or it can flow into to other global markets: heading East or West in a follow-the-sun tidal wave. 3 trillion dollars are currently on the move.

Capital can move into scarce commodities like gold when stuff is really turning sour, like it did in the lead-up to the credit crunch. Finally, there are the bond and gilt markets, for the mugs who believe in the power of governments and corporations. Built on top of all these securities are quadrillions of dollars worth of derivatives, but it's very hard to get any sense of what the value of these 'assets' are, and where they're held.

Derivatives are a bet on an underlying security's value. Futures and options are the classic instruments, that allow you to bet that the share price of a company is going to rise or plummet more than the market expects.

The thing about placing a bet is that it manipulates the market. George Soros was famously given so much leverage by the investment banks backing him, that he was able to exhaust Britain's foreign currency reserves and force the UK out of the European Exchange Rate Mechanism, causing the value of Sterling to plummet.

Laughably, people were able to speculate on the outcome of the EU referendum in very much the same way... including George Soros! The amount of commission earned by investment banks on trades last Friday will pay for some pretty good bonuses this year, I expect. The result of the referendum was obvious: speculators had placed such big bets that there was a vested interest in the result.

When a jockey jumps off a horse, or a goalkeeper throws a game, are we surprised? An entire baseball team fixed the world series, for fucks sake. It's basic economics: people respond to financial incentives.

If you want to know what's going to happen, just follow the money.

Vast sums of money flooded out of Kuwait before Saddam's invasion. Loose lips sink ships, but loose lips also make the whole capitalist system go round. How do you think hedge funds know what to bet on? They've got a fucktonne of bent lawyers, who tell them what's happening with every merger & acquisition... that's how!

You can somewhat regulate share dealing: it's obvious when somebody has bought or sold a big stake in a company. But with spread betting, derivatives and FX, there's no record of who was clearly 'insider dealing'.

Opinion polls and equity markets mean jack squat. If you want to know what's going to happen in the global markets, have a look at which way the betting is going.

When it comes to bookmaking, the favourite is the one that's likely to win, right? Well, err, not exactly. A bookmaker's job is to price things according to sentiment not probability. If you want to sell anything, it has to be at an attractive price to your buyer.

So, when we came close to the referendum, there were very generous odds on backing Brexit. What does that say to me and George Soros? We're both speculators. Neither of us hold a position. We've got a big purse of money, and we're going to back a particular outcome, and the bookmakers have baited their hook, looking for a buyer with deep pockets.

In a year where the 5,000 to 1 shot, Leicester, win the Premier League, surely people could see that the generous odds were pointing to something? In a 1 in 20 horse race, odds of 1 in 5,000 are generous. In a 2 horse race, the odds that we would remain in the EU peaked at 86%. Don't you feel just a little dumb, if you think that everybody is playing fair? There's so much money at stake, why would they?

Why do the rich keep getting richer, and the poor keep getting poorer?

Well... the game is rigged you stupid c**ts. From sharp-elbowed parents getting their kids the best places in school, to executives making sure they get a big pay-rise and bonus while holding down the wage inflation of their underlings. This isn't some illuminati conspiracy-theory bullshit. The hard data is right there in front of your eyes.

So, tomorrow, your pension fund gets trimmed still further and your currency takes another hammering. More wealth leaves your pocket and enters the pockets of the guys who know what's going to happen next before it's even happened, because money talks.

I also fear that there is going to be some terrible event soon, because of the forces of hell that have been unleashed by this jingoistic rhetoric, hateful language and right-wing empowerment. I have this feeling of dread that a mosque is going to be desecrated, or another person like Omar Mateen or Thomas Mair is going to commit an atrocity. The tinderbox of hatred has been set alight by those who seek to profit from instability and volatility.

Anybody who thinks that bankers are suffering from the Brexit vote is an idiot. The markets love volatility, and trading floors are making a killing.

Tomorrow is business as usual in the City and with the hedge funds, and the idiotic British public have played into the hands of speculators like George Soros spectacularly, yet again.

Tags: #banking #capitalism #london #europe #politics