This is a story about liberal arrogance...

Ah, caps lock, my old friend. Also, exclamation marks: you can never use too many. Do you think if there was more caps lock typing and sentences ended with multiple exclamation marks, we could wake the sheeple from their coma? The sheeple are clearly sleepwalking [or is it shleepwalking?] towards disaster.

While this is self-deprecating humour, it's also mockery of the same old liberal lines that are trotted out instead of any kind of nuanced counter-argument.

During Brexit, I noticed that people on both sides would say "I can see you're far too intellectually inferior to be able to have a debate, therefore this argument is over and I won". I lament the loss of anybody who can actually be bothered to have a proper debate, without being so childish.

Your white-trash, redneck, poorly educated person is now incredibly bored with the tried and trusted liberal short-cuts that supposedly immediately discredit an opponent in a debate. "Bigot" is a particularly charged word, and guarantees instant disengagement by the disenfranchised members of the public, being browbeaten by a group of elites who consider themselves morally superior.

I'm as guilty of it as anybody.

But, I've also noticed a kind of pathetic infighting amongst the intelligentsia.

Firstly, one must overcome the snobbery of the grammar Nazis. For your argument to even be considered it must be deemed to have attained certain standards. The most innocent spelling mistake will become the focus of commentary, rather than the points raised by the original author, no matter how eloquently the central argument is presented.

Having established oneself as 'a cut above the rest' there is one kind of ad hominem attack that succeeds where all others might fail. All one has to do to win the argument is write "WAKE UP SHEEPLE!!!" in mockery of your opponent's attempt to make a reasoned argument and reach a sensible conclusion. Essentially, you're accusing somebody of being a nutjob; a raving madman. Case closed. End of debate.

Our asylums are stuffed full of 'visionary' people, and those seized by absolute conviction that the end of the world is nigh. However, do we not also laud that tiny handful of individuals who successfully predict recessions, stock market crashes, credit crunches, housing crises and other cataclysmic man-made events?

Why is it that a stock market trader or hedge fund manager, who might make a good living from short selling - betting against the market - is considered a highly intelligent person - cloaked in the mystery of mathematical models - while others who also forecast negative events, are dismissed as lunatics?

Humans always err on the positive side. There is a psychological test where participants bet money and win precisely as much as they lose. In this randomised gambling experiment, most test subjects will report that they think they're making a profit, even though they're breaking even. Even when the experiment is adjusted so that the participants are losing money, most will still think that the course of events is in their favour.

It's undeniable that we do see a herd mentality amongst groups of humans. The accusation of sheep-like behaviour is entirely valid and well supported by evidence. Stock market crashes are created by market sentiment not by external events. When investors collectively lose confidence, there's a rush for the door. The sheep line up for slaughter, even though by selling their stock, they're going to lose money.

Bank runs are another great example. The FCA underwrites deposits - your savings are safe - but we still saw long lines of people queuing up to withdraw cash from Northern Rock, during the credit crunch. That's a bank run, and it's driven by sheeplike behaviour. The panic is not rational. It's animalistic behaviour, not calculated and logical.

The well-educated middle classes have turned on one another, in this zero-growth second Great Depression. Research grants are at stake. Well paid middle-management jobs are at stake. The baby boomers are trying to collect excessively generous pensions. For God's sake don't even breathe, for the whole house of cards may come tumbling down at any moment. We are so highly leveraged - indebted - that one hiccup and we're all screwed. 

We should remember that the working-class are more numerous than the middle-class. While the working-class wail inarticulately about their poverty and lack of opportunities, the middle-class lock themselves into an echo-chamber of Facebragging and snobbery. Whenever somebody is critical of the status quo, we quickly shut them down by typing "WAKE UP SHEEPLE!!!" to bully them into submission.

Personally, having safely circumnavigated the City of London - and profited - during the dot com crash, 9/11, the commodity price boom (and bust), the credit crunch and Bitcoin's ups & downs, I feel rather like Cassandra.

Dismiss and ignore me at your peril.

Tags: #politics #capitalism #economy

This is a story about unhealthy coping mechanisms...

I've been surviving on a combination of barely concealed loathing and contempt for my job, copious amounts of alcohol, occasional use of tranquillisers and a lot of passive-aggressive blogging. It seems to have worked, according to my bank balance and my CV.

In four months, I had one day off sick and a one-week holiday. That's not bad. Just 6 working days that I was unproductive. 1 out 82 working days unwell is only 1.2%.

It's been killing me in unusual ways though.

I've been comfort eating a lot. When I first started my contract, I was munching my way through loads of sweets and nuts at my desk. I was having a great big lunch. I was having cakes and pasties. I was having super-size meals at McDonalds. I was coming home and stuffing my face with crisps, ice cream and unhealthy meals.

I've been drinking far too much. To begin with, I was picking up a bottle of wine on my way home, every single day. I switched to beer because I could drink more of it, but there would be less alcohol in it. There's 94ml of alcohol in your average bottle of white wine. There's 75ml of alcohol in 3 cans of lager, even though the beer is double the volume. Then, things got out of control briefly. I was having two bottles of wine, or 6 cans of beer. The alcohol was a real problem, but then so was the job. Sobering up at my desk was a way of getting through the day.

Early on in my contract, I decided that I wasn't going to blog at work. I wanted to do my best to look busy. I didn't even want to surf the web and read the news websites that I like. I certainly didn't want to be looking at Facebook on my phone all day long. However, that just made things worse. Getting through the empty boring days was excruciating agony. By the time I got home, I was so relieved, but so stressed out, that I felt I needed alcohol to relax and face the next day.

Then, I started to read the news. I found myself constantly clicking refresh, willing something to happen. The summer months are fairly dreadful anyway. The politicians have gone off on holiday, the markets are quiet. Not a lot was going on. Brexit provided a very unhealthy obsession for a while, and I took great delight in trolling the closet racists and xenophobes. Post-Brexit was quite anti-climactic, and just tragic.

I decided that the only way that I was going to stay sane was to write 3 times a day. I was briefly mailing short stories that I was writing to a couple of friends. They helped to keep me sane by being the willing recipients of my bleak allegorical tales of wage slavery: read Alan the Alcoholic if you want to know what I mean.

Finally, I decided I would allow myself to blog at work. I had the additional problem of being told I could no longer use my personal MacBook and I would have to have some piece of shit PC "because data security" or whatever. Anyway, I then didn't have access to my photo library - I try to use images that I own the copyright for - and I didn't have Photoshop to be able to make high quality edits. There's also a slight worry about what kind of corporate spyware is watching what I'm doing.

Somehow, I've nearly limped through to the end of my contract, and I even managed to work my notice period, which is something I haven't done for 6 or 7 years. I'm even getting a couple of leaving dos, as opposed to being escorted off the premises by security (that's never actually happened, but things haven't been wrapped up 'neatly' in recent years).

Obviously, I'm on really dodgy ground, because I'm going to be looking for a new contract in a fortnight or so, and I suppose prospective new employers could stumble on my Twitter profile, Facebook page or this blog. So, to be sensible, I probably have to blog "nicey nicey" for a couple of weeks, so that all the juicy gossip is buried deeper than most miserable corporate drones would ever dig.

I'm not sure what the magic formula is for recovery from clinical depression / major depressive disorder, bipolar disorder, substance abuse (dual diagnosis), borderline personality disorder, functional alcoholism and all the other labels that get bandied around. However, I'm pretty sure that it looks like this:

• An absolute imperial fucktonne of cash. I mean LOADS.
• Rest & recuperation. I don't just mean a couple of weeks. We're talking months or years
• Surround yourself with addicts and people with mental health problems. Nobody else 'gets' it
• Cut horrible toxic people out of your life
• No compromise
• Force yourself to do things you don't like very much
• Do something that requires discipline and routine, and stick with it for months, if not years
• Set yourself some achievable goals, where you're in control

That last one is probably the most important. I absolutely love the fact that I've been blogging for over a year, and I'm on track to write 365 blog posts and 450,000 words in less than 13 months. I've blogged from psychiatric hospital. I've blogged from San Francisco. I've blogged from a desert island off the coast of North Africa. I've blogged through a couple of projects from hell. I've blogged through depression. I've blogged through addiction. I've blogged through isolation. I've blogged through loneliness. I've blogged through suicidal thoughts and self harm.

The only thing I haven't quite done yet is to blog through happiness and contentment, but either that's coming or blogging is keeping me trapped in a certain mindset and stopping me moving on with my life.

I don't think writing like this is keeping me stuck in a rut. I can't imagine my life without writing now. Writing has become such a part of me. I'm more a writer than anything else. There's nothing else I live for, as much as writing. There's nothing else that I put as much passion and energy into. There's nothing else I'm as enthusiastic about.

I guess for many people, work is what defines them. "What do you do?" is the classic middle-class party icebreaker question, when meeting new people. What do you even say if you hate what you do, or you're flailing around to find something new? What should I say, on Thursday, when I'm out of a job again?

If I tell people I'm an IT consultant, that's slightly misleading, because that's a thing that I do just to get money when I'm desperate, and I won't even be consulting for any clients on Thursday, or for at least a fortnight or so after that.

However, I'm not going to stop writing when I finish my contract. I can't see me ever stopping writing, now I've started. What would I do with myself? How would I structure my day, without writing?

Obviously, writing is not a panacea, and it's a dangerous strategy to turn yourself into an open book. So many people will gleefully abuse your honesty, in order to gain a competitive advantage over you, put you down. So many people are looking for an excuse not to hire you, or to sack you. I'm giving my enemies all the ammunition they could possibly want.

However, isn't there something poetically wonderful about loading the gun, handing it to your enemy and turning your back on them? If they choose to shoot you in the back, with the bullet that you loaded in the weapon that you gave to them, isn't that going to eat away at them for the rest of their life?

Isn't there something exciting about deciding to say things that you're not allowed to say because of the conspiracy of silence? People are so afraid about becoming unemployable, and tainting their professional reputations. I almost want to start linking to this blog from my LinkedIn. Of course, every time I write the word "LinkedIn" the higher up the Google search index I will climb when somebody types "nick grant linkedin" into the little search box.

I'm not sure how much the 9 to 5, Monday to Friday routine has given my life some useful structure. I think, on balance, it's been more damaging to my mental and physical health to have a shitty project and an offshore team, than any benefit that I have gained by forcing myself to get out of bed every morning. I have no difficulty getting up and getting on with being productive, when I'm working on something that isn't mind-numbingly boring and depressing anyway.

The suffering has been worth it, financially, and with money comes opportunity: the opportunity to find something better to do with my limited time on the planet. Life is short: too short to be working a job that's like death itself.

Who knows how I'm going to feel when I wake up on Thursday. Will I feel elated, depressed, motivated, anxious?

I'm not exactly in a rush to get my CV out into the marketplace and find myself in another shitty contract. I want some time out, and I want to be more picky about the project I choose next time, even if I am still in a precarious financial situation. It's unwise to become complacent about your employability. Catastrophic market events can happen at any moment, and work can dry up overnight.

Will I be able to cut down my drinking, eat less, exercise more, or will the task of job hunting loom large and make me unbearably anxious? I certainly lost a lot of sleep during the week that my contract was terminated early and my flatmate revealed that he didn't have any money to pay his rent & bills for the 4th month running. Life's never straightforward, is it?

Health vs. wealth. That seems to be the battle that is being fought. Is it possible to have it all? Watch this space.

Tags: #career #mentalhealth #addiction #depression #bipolar #alcohol

This is a story about bravery...

How do terrorists win? By spreading terror. There's a video going round on the Internet of a prankster in Arab head-dress throwing a black duffel bag at people and shouting "Allahu Akbar!". His unwitting victims run for their lives. For me, this is anecdotal evidence that the terrorists are winning.

I tend to be a little irreverent and it's easy to miss my satire or irony sometimes, but I'm disappointed when people act as thought police, and act with more offence than is strictly justified by their personal involvement with a tragedy. Taking up the position of moral outrage is simply thought policing, when no outrage is warranted.

When I write about terrorism on 9/11 or 7/7, I'm always mindful that family members, friends or work colleagues of people who lost somebody during those attacks, might be offended. However, there are billions of Netizens and the chance of somebody directly affected reading my stuff is negligible. It's in the greater public interest that I should discuss the terror that obviously affects so many, instead of self-censoring because of the tiny risk that anybody might take legitimate offence.

Having grown up in the UK, from 1979 to present, I lived through the IRA's bombing campaign. Far more people died in 1985 through 1995 than in recent years, including 2001. I used to work near the Baltic Exchange and I live and work in Canary Wharf. Both of these places were blown up by IRA bombs.

So am I Irelandophobic? Am I afraid that every Irishman I meet is a terrorist? Do I detest the Irish, because they all carry some collective responsibility for the actions of a small handful of their fellow countrymen? No. Of course not. Some of my best friends are Irish. The Irish have shown me nothing but love.

Being brave doesn't mean dropping bombs on people from 30,000ft, safe in the cockpit of your $350 million fighter jet. Being brave doesn't mean killing civilians in a drone strike, pushing buttons on your joystick, watching everything remotely on a TV screen. Being brave doesn't mean being racially abusive - "build a wall" and "send them home" - while you teach your kids to fear and reject people who look different, and are from a different culture.

Being brave certainly doesn't involve shutting down people who appear to be desecrating the memory of the dead.

If we're going to move forward as a race, we've got to get over this whole "your tribe killed somebody from my tribe" bullshit. A couple of days ago there was great offence taken at a stag party taking selfies at Ground Zero. Hey! Guess what? Nearly every inch of the globe has had human blood spilt on it at some point, at the hands of another human. Get over it.

We need to move beyond the "brown/black/Irish kills privileged white shocker!" type headline trolling. There are underprivileged people who get killed in gang shootings and knifings every day here in London, but it never makes the national news. If you're not white caucasian and you're poor, attacks that are not overtly religiously motivated just aren't news outside London. However, a bunch of whites appear to be mocking some other whites, and that's global news? What the fuck is that all about?

An estimated 675 people have been shot and killed by police in the USA this year so far. There were 990 last year. If we say that in the 15 years since 9/11, on average 700 people have been killed by police each year, then over 10,000 people have died at the hands of the police. America, you had fewer than 3,000 killed in 9/11, but you've killed more than 3 times as many since then, just with your cops.

Grief is a kind of hobby. "You just can't say this stuff today... people are grieving" I hear you say. Well, who's grieving for those 10,000 people who got gunned down by cops? When is the day that you grieve for them?

Lest we forget.

Well you did forget, didn't you? You forgot that being afraid of black and brown people means that terrorism is winning. Terrorism affects your life. Terrorism is something you're afraid of, so the terrorists have successfully created terror. The terrorists have won.

You forgot that the biggest threat to your life is not terrorism, but guns in the hands of your fellow Americans. Toddlers kill more Americans than terrorists do.

Maybe I have no right to contribute to this debate, because I'm not American. However, Donald Trump waded in on the side of Brexit, and the UK has suffered a huge upsurge in racially abusive attacks on our own people, as a result of the referendum result. In a little under two months, the presidential election could possibly elect a racist into office, and cause a further wave of abuse and attacks.

Europe is a more dangerous place when anti-Islamic sentiment is allowed to foment. Europe suffers the consequences for America's rhetoric. The UK becomes a proxy target for anti-American attacks, when the phoney war on Islam is perpetuated.

Terrorism is just a phoney distraction. So few people are dying in terrorist attacks that it shouldn't even get any media attention. It's not relevant. It's counterproductive to spread terror for the terrorists.

I'm expecting to get shot down in a big way, for any number of reasons, in writing this piece. I'm not trying to be deliberately offensive. I'm not being insensitive. If you lost your mom in 9/11, I'm sorry, but I really don't think you personally know anybody who lost their life on that day. 0.0001% of the population were killed.

There were 372 mass shootings in the US in 2015. I should be far more worried about an American with a gun than an Arab with a bomb.

If we use this day for anything, perhaps it should be to reflect on how well the British and the Irish generally get along today. If ever there's an example of putting terrorism behind us, it must surely follow this model. I love the Irish. I don't see us as different. We were all Europeans, until Donald bloody Trump wandered into our debate and we voted to leave the EU.

The brave thing to do is to act irreverently. Don't allow the terrorists and the thought police to disseminate fear and mistrust.

Tags: #terrorism

This is a story about invasions...

Are you worried about your culture being wiped out? Are you concerned that we could all end up speaking German, Japanese, Chinese or Arabic? Are you concerned that you will no longer be able to worship your favourite imaginary friend? Are you concerned that you'll have to salute a different combination of colours, stitched into fabric and raised on a flagpole?

When you look at nationalism, you'll see that it's pretty insane. While some people willingly learn another language and enthusiastically adopt the culture of another country, and go and live amongst those people, others believe that "our" way of life is worth dying for. In fact, they believe "our" way of life is worth killing for.

Why would somebody learn German and go and live in Germany? Surely that would be like surrendering to the enemy. Surely that would be a slap in the face to our brave grandfathers and great grandfathers, who fought in two world wars so that we never had to learn another foreign language or eat a bratwürst. Our dead relatives laid down their lives so that we should never have to suffer an Oktoberfest and drink large steins of cold beer brought to us by buxom wenches in lederhosen.

When we study history and people's attitudes, it was nationalism that was the main reason we went to war, not the protection of the Jews. The genocide that was being committed is what we are mainly taught about today in schools, but the strongly held belief in British hearts, was that we needed to protect our country.

Only when our European allies had been completely overwhelmed by German forces, and they had reached the northern beaches of France, did we decide to put some boots on the ground.

If you examine the rhetoric of Donald Trump and the Brexit movement, you will hear similar attempts to stoke up nationalistic fever and paranoia over an 'invasion'. Apparently, a "swarm" of brown people are on their way to our shores, intent on fucking up our national identity. We are told to live in fear and mistrust of our Muslim neighbours, who wear strange clothes and congregate in strange buildings. Islamic culture is so different from ours, and we are being trained to treat what is different with suspicion of an ulterior motive, of overwhelming everything we hold dear.

Talk of walls and pulling up the drawbridge. Shut down the borders. Send "them" home. Look after "are" (sic.) own. Britain First. Make America great. Blah blah blah.

But, if we ignore the social problems that are driving suport for far-right jingoistic nationalists, like Trump, Farage, Le Pen, then we fail to defeat them. By continuing to bury our head in the sand and repeatedly just cry "racist" and "bigot" then we continue to drive a wedge between enlightened liberals, and the vast numbers of poorly educated people who feel economically disenfranchised.

Why would I talk about economics? Surely ordinary British people just want an integrated society, full of fellow British people, not all these damn foreign types with their weird food and strange customs? Well, no not really. The reason why people have rounded on immigrants, as has been stated ad nauseum, is that people feel poor and insecure in their jobs. Ordinary people are economically disadvantaged, and there is a popular belief that immigrants are fuelling excessive competition for a finite number of jobs and resources.

I'm about to suggest another, more controversial reason, why we have been taught that the West has 'won' and our way of life is the correct one.

Let's leave all discussions about anti-Semitism and the holocaust aside. Of course, any discrimination based on colour or creed is wrong. Of course, any act of genocide is deplorable. These things are not the topic of my thesis. Let's set those points to one side, because they're discussed at length elsewhere.

Now, let's think about how the Nazis swept to power. Do you think Hitler said "let's kill all the Jews" and all the Germans went "Yeah! Brilliant idea! Let's vote for this guy!". Nope. Even if the Nazi policies of getting rid of gypsies, homosexuals, the mentally ill, Jews and other minority groups was central to their meteoric rise to power, something else was driving it.

Think about the economic situation in Nazi Germany. The country was saddled with debt. The war bonds were a crippling millstone around the neck of the ordinary German people. For every Deutsche Mark that was produced by hard working ordinary Germans, 17 more Marks had to be found for the repayment of national debt. The German people felt enslaved to the money lenders, and the money lenders were perceived as Shylocks (Jewish money lenders, Jewish bankers).

In the twenty year period in-between the world wars, ordinary Germans had been massively economically disadvantaged by the national debt, in the form of war bonds and reparations, that their own government and nation had taken on. Do you think the ordinary Germans felt that they owed this debt? Do you think that, given the choice, they would have borrowed so much?

The German people wished to free themselves from the slavery of interest payments and the tyranny of capitalism. The Nazi movement was essentially an anti-capitalist movement, with the ideas of Gottfried Feder at its roots. The Nazi movement was more akin to communism than the neoliberal capitalist democracy that we assume was the basis for all Western economies in the 20th century.

How were the Nazis able to motivate so many people to work hard to produce vast quantities weapons of war that are hard to not admire, for their sheer feat of engineering prowess? Germany took a great leap forward in putting the instruments of industry to productive use. From a position of being economically depressed, and with massive financial problems, how was it able to build airships, planes, tanks, bombs, guns, and massive amounts of infrastructure to support itself? How did Germany go from depressed doldrums, to becoming a world superpower, so quickly?

The answer is that they abandoned capitalism.

What, in essence, is capitalism anyway? Well, it's putting capital to work, through interest bearing financial instruments. Instead of having labour exchanged for food or goods or services, instead, debt is exchanged for factories and machinery, and people work because they don't own any of the factories or farms anymore. Where does the capital come from? The capitalists. Where does money flow to? Back to the capitalists.

Gottfried Feder figured out the pyramid scheme of capitalism. In his Manifesto for the Abolition of Interest Slavery, Feder explains how the owner of a factory does not benefit from the productive output, and neither do the workers either. Instead, the bonds that paid to purchase the factory bear effortless interest, meaning the profits of the factory flow back to the capitalist. The people who work in the factories need to buy the goods that the factory produces, so, their money again flows back to the capitalists. And through the exponentially multiplative effect of compound interest, the capitalists will grow ever richer, while never having to do a single day's labour. Infinite endless effortless capital.

It was an economic idea that brought the Nazis to power and kept them there. The Nazis brought a sense of prosperity and wellbeing to a nation that had felt depressed and enslaved to the capitalists. The Nazis brought about pride, not in the nation, nor the flag, nor the Nazi party, but in their productive contribution. People feel proud to have done a good day's work and to have produced something. Economic depressions rob people of their feeling of self worth. Economic depressions rob people of their self esteem.

Now, if we look at Islam, we can see that a core teaching of the Muslim faith is that earning interest is a sin.

In fact, do you think of yourself as Christian? Yes? Did you know that Christian supposedly means that you're Christian. That is to say, you follow the teachings of Jesus Christ our Lord and saviour. Do you believe in Christ?

Well, Christ is documented as saying "build no store of wealth on this Earth". Christ is documented as smashing the tables of the money lenders in Herod's temple. Think about that for a second.

Had time to digest that? Yes, that's right. Jesus Christ was anti-capitalist.

So, if we look at the successful religions from the past 2,000 years, and the most recently succesful attempts at world domination, you will see that anti-capitalism is the secret to their success.

Look at the Chinese. In 58 years, the Chinese have brought a nation of 1.3 billion people into economic prosperity. China has become a world superpower. China is one of the largest economies on the planet. How did they achieve that? By rejecting capitalism.

Islam counts 1.6 billion souls following the Muslim faith, and enshrined in law in Arab countries is the illegality of charging interest on loans. Imagine that! Imagine every bank in Europe and America being no longer allowed to charge any interest!

So, if you're looking for a reason why we should all fear the 'invasion' of these conquering hordes, and the demise of our precious culture, you might find that you're empathising with the likes of Rothschild and Goldman Sachs, cowering in terror because their plutocracy is about to be overthrown by the people that they have economically enslaved.

Why do we have a nation of bankers, lawyers and accountants, when those professions are only needed by the very wealthiest 0.1%? We are shaped in the image of what our rulers think is important. When we are governed by billionaires and millionaires, our whole nation and the priorities of our laws are shifted towards supporting their needs, not ours. We are producing trillions of dollars worth of useless derivatives, rather than useful goods & services.

Imagine if we took our best & brightest out of UBS, JPMorgan, Deutsche Bank, Merrill Lynch, and instead deployed them to work in science and engineering. Imagine if we took our hardworking poor in McJobs, and instead allowed them to build wonderful things for the betterment of humanity. Imagine how much happier and productive everybody would be if they were working towards something, rather than against everything.

Our world is so adversarial, with us & them, the haves and the have-nots, the rich and the poor, the wealthy white Westerners and those pesky brown people who want a few crumbs from the table.

In actual fact, there's plenty of everything to go around, but we are so intent on playing by the existing rules of the game, that we fail to wake up and realise that we are propping up a status quo that only makes us poor, disadvantaged and divided.

What have the Nazis ever done for us? They've shown us that economic ideas can create prosperity, optimism and productivity. They've shown us that there's a better way than neoliberal capitalist democracy.

It's distasteful to revere the successes of the Nazis, because I might be seen as also endorsing their genocide and ethnic cleansing. However, what could be more ethnically cleansing than building a massive wall, deporting all the Latinos and banning people of a certain religious faith from entering your country? Trump epitomises everything that is bad about the Nazis, whilst offering nothing that was good about them.

We need to cherry pick the best ideas, and we need to get rid of the ideas that enslave us and hurt the vast majority of ordinary people.

Tags: #economics #politics #capitalism

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

This is a story about destiny...

Do you trust exit polls? What do you think about the predictions made by political commentators, newspapers, TV stations? Why is the UK's vote on membership of the European Union different?

Well, let's dig into my predictions, and why I think what I do:

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1. Brexit is going to win

What the heck? All the polls say that Brexit is behind. All the bets seem to be backing a vote to remain in the EU. The currency markets seem to be predicting that Britain will vote to stay a member of the European Union.

However, the vociferous liberal press has shouted down the ordinary person with loud cries of "BIGOT!" every time  somebody suggests that the UK should go it alone. Brexit has become synonymous with closet racism... and that's exactly where the average voter has retreated to... the closet.

There's a fear of sharing your far-right views, because people know it's wrong to bash immigrants and brown people in general, but with the anonymity of the ballot box, things are going to be a different story. The fact of the matter is that there has been a massive upswell of racist sentiment since the economy went belly-up, and the patronising voices of the liberal elite have only further angered the general public.

The people who are going to vote Brexit are the ones who have gone quiet. They are biding their time, just waiting for the time when they can put their little 'X' in the box, and stick two fingers up at Johnny Foreigner. They've given up arguing that "I'm not racist, but...".

Racists will never win a battle of wits, but they will win when they're allowed a free vote, anonymously.

2. We can't escape our destiny

Did you forget about the crippling debt in Greece, Italy, Spain? People have short memories and attention spans, but we are still suffering the consequences of the credit crunch, which is in turn a result of runaway borrowing. Not borrowing by individuals, but borrowing by governments with spending deficits, and by corporations that are trying to manipulate their tax burden.

The problems have not been fixed, and debt continues to balloon. Austerity and deep cuts have done nothing to plug the holes in an economic rescue plan that is deeply flawed. All that Quantitative Easing has done is to further line the pockets of a handful of wealthy people. There's no inflation, so the problem is just as bad, if not worse than it was 8 years ago.

Defaults and debt haircuts, write-offs... these are the only options, and distancing ourselves from Greece, Italy, Spain and other European neighbours, is not going to protect us. We're going down the shitter with them, whether we like it or not.

3. Cameron is ceding control to Bojo

How do you step down, when you have won two general elections back-to-back, and still save face? Well, how's about having a referendum to placate your predominantly eurosceptic party members, and then you can hand over control to a more popular and likeable leader, in readiness for the campaign for a 3rd term in power.

The macro plan is so painfully obvious.

4. The anticlimax is going to be so depressing

There is real optimism in the Brexit camp, as if destroying unions ever solved problems. There is a kind of delusional belief, that the woes of the country can be solved at a stroke.

Brexit is just the beginning of rebuilding everything that gets smashed, as we cut off our nose to spite our face.

It's not like we can drive immigrants out of our country with pitchforks on Friday, although I fear violent reprisals, whichever way the vote goes. The country is a tinderbox, just waiting for a single spark.

A vote to leave gives the green-light to yet more immigrant bashing. A vote to remain will result in disappointed bigots taking out their frustration in mob violence, rioting. Do you think Brexiters are just going to say "oh well, back to normal" if the vote doesn't go their way? In actual fact, it could be terrible, if they feel even more than ever that their voice isn't heard.

5. Political activation is destabilising

Even though I believe the status quo should not be maintained, having this referendum has brought people into the political process who were otherwise disengaged, disillusioned. However, there isn't the maturity there to accept that part of democracy is compromise, and with democracy also comes the responsibility to be mature, measured, calm, patient.

I see a kind of national hysteria everywhere I look. The language, the rhetoric, the aggression... it's appalling. The world looks up to us - to follow our example - as an advanced nation, and as a symbol of democracy. However, we bicker like children, we sulk, we tantrum and call each other names. We descent to the level of the playground. We are not making a fine account of ourselves on the world stage.

By pandering to the ill-educated, ill-informed concerns of the much abused general public, we have turned a serious question about how to lead our world out of economic danger, and sustain prosperity, into a silly game of finger-pointing and tit-for-tat measures, cronyism, cliqueness.

---

Whatever result is declared on Friday, I expect that a genie is out of the bottle. There is no finality, no real result. Instead, either I will be living in fear of reprisals by a bitter disaffected group who have been dealt a disappointing blow, if we stay in the EU, or we will accelerate the dissatisfaction that people have in their every day lives, as they realise that voting to leave the EU has made precisely fuck all difference to their prospects and quality of life, and they look for further opportunities to express their frustration.

The world seems a more dangerous place, more filled with hate, less reasonable, less progressive and idealistic, thanks to this stupid debate, and pointless vote.

I pray that the vote is to remain, so at least we are not a laughing stock internationally, and as a nation we look terribly right-wing and bigoted. English football hooligans are already a national disgrace, but a vote to Brexit tars the whole country with that brush.

However, I totally get that the rhetoric of the Brexit camp has tried to leverage a kind of class revolt. I fear that it has been a little too successful at doing that.

Tags: #europe #politics

This is a story about national identity...

I will never be accepted in my place of birth, because I can't speak Welsh, I only lived in Wales for the first few months of my life, and I have English parents. I will never be accepted as a Yorkshireman like my Dad, or a Lancashire lass like my Mum, because I've never lived in the North of England, and I have a posh Home Counties accent. I will always be a Grockle (tourist) in Dorset, because I wasn't born there, just as I will always be a 'blow-in' in London, because I wasn't born within the sound of the Bow Bells.

So, I find all this talk of British national identity a bit laughable. This talk of a UK Independence Day, and "take our country back" is a joke. If you were to look at my passport, you might think I'm descended from Gauls, given that I was born in Wales where some of the oldest ethnic inhabitants lived... who perhaps escaped genetic mixing with Vikings, Saxons, Romans, Normans... but we know that's ridiculous.

The thing I like about London is that most people don't care who you are or where you've come from. It's a fairly meritocratic place where you can seek your fortune without being too held back by too many prejudices. It's a big enough place that any mishaps and misdemeanours can be overlooked.

I hate small-minded localism. I hate that "you're not from round these parts, are you?" idiocy... like it really matters where the hell you're from. I hate people who aspire towards some kind of backwards step, to a time when we lived in tiny villages and hamlets, in pockets of blissful ignorance. It's a nice fantasy, but it's never going to be a reality.

I've been that immigrant kid, bulking up a classroom that's already full. I've been in the minority, with a different skin tone from all the others in the classroom. I've been in the family that talks in their mother tongue, whilst living in a community that doesn't speak our language, and not observing local customs.

I know that while things are economically prosperous, there is joy in welcoming people of other cultures into our communities. There is novelty in observing and interacting with the outsider, and exploring the interesting differences between each other.

But when things turn sour and you're afraid for your job and you can't afford a house, and you start feeling pretty hard-done-by, it's natural to start picking on the odd-one-out. We're programmed to weed out the members of a herd that are different. As predators we look for the weak, the elderly, the young. As asexual beasts, we look for those who are most genetically normal, and reject the oddballs who might have undesirable mutations. We want those who share our genetic material - those who look the same as us - to survive at the expense of those who look different, who probably aren't part of our extended family, and therefore share our genes.

I get it. I understand this "look after our own" thing from the point of view of the selfish genes. There is no altruism, when push comes to shove and we feel threatened. And we feel really threatened at the moment. Housing, education, jobs, transport, healthcare, the economy... everything is screwed.

But you know what? You know who's really pushing you around? You know why you really feel threatened? It's because London is disproportionately represented. There's this little microcosm of politicians, lawyers, accountants, consultants and other highly paid professionals, who pretty much decide the fate of the rest of the country... not some bureaucrats in Brussels. You think the EU is why we have such a ridiculously financial-services centric economy? Is it fuck.

I know that in London I'm going to have the best of everything. All the tax breaks are going to go in my favour. All the infrastructure investment is going to be for me. All the political attention is going to be focussed on my concerns.

Yes, housing is a massive issue in London, but it's going to get addressed. Nobody dare let the concern of the City worker go overlooked, lest our precious position as a major centre for floatations, international litigation and the headquartering of some of the world's largest enterprises, be threatened.

However, 5 out of 6 people in the UK are not well represented, because we are so London centric. Do you think anybody much cares about the NEET (Not in Education, Employment or Training) on some God-awful sinkhole estate on the outskirts of a depressed Northern town, who is pissed off about their lot in life? Of course not, because they're neither economically nor politically active.

In actual fact, the tracksuit-clad pasty white housing estate resident, who drinks too much, smokes too much and abuses drugs, whilst having too many children that they can't afford to raise, is perhaps far more representative of the average citizen of the United Kingdom, than the suit-wearing, briefcase carrying City worker, with their well remunerated job in the service sector.

Yes, it's a liberal cliché to wring my hands with worry about the great unwashed masses. The voiceless angry mob outside London, who are in socioeconomic groups that mean that not even the advertisers care much about them, let alone the policy makers. However, something has captured the imagination of a much broader spectrum of British society, in this EU referendum.

Just as the killing of Mark Duggan was the catalyst for rioting in Tottenham, then in Croydon, and indeed all over the UK, it's clear to see that the motive for the vast majority of the rioting and looting was not to do with police action and race issues at all. It only took a trigger, for a wave of violence, vandalism, looting and rioting to be unleashed. People who would never think of running for Parliament or lobbying their local MP were literally voting with their feet, as they kicked in the windows of their local consumer goods vendor, and helped themselves to the merchandise.

I want London to feel as close to Berlin or Paris, as it is to Newcastle or Swansea. I want Europe to be united, but we are ignoring the fact that London feels very different from depressed towns and cities across the United Kingdom that are severely economically distressed, and politically ignored.

London cares more what the leaders of fellow European nations have to say, than what the mayors of other major cities do. What, for example, is the position of Liverpool in the whole Brexit/Remain debate? Nobody cares, in the newspapers that are written by London-dwelling journalists, nor in the benches of a parliament that sits in Westminster.

Distancing ourselves from Europe is the wrong thing to do. Bringing the rest of the UK into the decision-making that centres almost exclusively on London and financial services, is the right thing to do.

Tags: #europe #politics

This is a story about being a Francophile...

Vive la République! Having lived, worked and briefly been to school in France, I feel adequately placed to talk about some of the pros and cons of a different way of life that we aspire to.

Firstly, monarchy. I'm actually in favour of keeping the Royal Family. They're a great draw for tourists, and they give the UK a brilliant national identity. I like having the Royal Mail, Royal Mint and companies that are by Royal Appointment to various members of the aristocracy. Just as the USA has the stars and stripes, we have the Royal Crest and the Queen's head on everything. It's good branding.

The French might have cut off the heads of their aristocrats, but they still go nuts for all that royal shit. The palace of Versailles is still referred to as the Royal palace. The French still celebrate Bastille Day as if the monarchy were very much still in power: they ascribe a significance to royalty as if they had never actually become a republic.

What disadvantages do we have, remaining under divine rule? I can walk in the Royal Parks, enjoy looking at Buckingham Palace and seeing the changing of the guard, as well as all the other pomp and circumstance that accompanies the ceremonial head of state. It's better to sing God Save the Queen than some awful national anthem dreamt up by a committee, with its trite attempts to be inclusive.

Ok, so what about being a backwards agricultural nation of peasants, rednecks? Well, it's nice for a relaxing holiday. It's nice that the whole of France stops and downs tools for a proper lunch. It's nice there's still village life, with a butcher, a baker, a plumber, an electrician, a joiner and a builder, who are the mainstay of village life, under the Máire - the mayor - and people live a fairly old-fashioned life, where people shop locally and family life is at the centre of everything, along with good food & wine.

This is where I'm slightly divided. In the UK we have an 'always on' culture, where I can get 4G mobile broadband everywhere I go, and I'm constantly plugged into email, Twitter, Facebook. I eat my lunch at my keyboard and get crumbs from my sandwich all over my laptop. Village life in the UK has been destroyed as the commuter belts have moved further and further out into every pretty village with a railway station, within a few hours of London.

Sure, France has its cities, but over 50% of their working population work for the Government, and the spread of population density isn't quite as extreme as the UK, where the South-East is getting somewhat ridiculous, as London draws everything into its financial-services centric orbit.

While we're on the subject of financial services, would I rather be like France, which has had a relatively conservative approach to consumer debt and exotic financial instruments, or be like the UK where we're about as highly leveraged as we can possibly get? Well, apart from a few high profile cases like Société Générale, the French weathered la craque - the credit crunch - far better than the UK, which only survived because of the bailouts.

Basically, the UK is propped up on very shaky foundations. There is no underlying quality of life in the UK. Everything's on hire purchase, interest free credit, and the promise of work now, be rich later... screw spending time with your family or having anything other than work in your life.

Those who hanker after some kind of yesteryear could do worse than moving to France. However, you need to remember that a lot is lost in translation. Even with the best colloquial French, you're still not going to understand a lot of jokes, and pick up on the cultural subtleties. You're going to end up clustering together with ex-pats, swapping tea bags, Marmite and Heinz baked beans, and pining for England.

Certainly, if you have kids that have not been raised from birth in a bilingual environment, you're denying them the chance to really bond with their peers and get the most out of their education, and enjoy their childhood. They're always going to feel different. They're always going to be an outsider.

Gone are the years when France had significantly cheaper housing and cost of living. Gone are the days of cheaper food and fuel. Gone are the days of rustic farmhouse charm. Good riddance I say. Chopping firewood and fetching your water from the well, putting sawdust on your excrement in a freezing outhouse and burying your waste in the back yard... these are things that silly children like to do, because it's an adventure. It's not a way of life that we should aspire to.

Living without TV, Internet and high quality daily newspapers - ignoring current affairs and global issues - it's dumb. Just because France still manages to maintain a certain rustic charm and village idyll, doesn't mean that it's any way realistic in our globalised world.

In a way, the anti-EU sentiment stems from a history of mocking the French as cheese-eating surrender monkeys, who live some kind of hick outdated life. But there's also jealousy there. Wouldn't we dearly like to be as true to ourselves as the French?... protesting about every threat to our way of life, and insisting that our lingua franca is enshrined? The French are often unashamedly right wing and open about the divisions in their society. When we think of the Frenchman, we are likely to think of a farmer, rather than a Parisian, and hasn't our own culture been regrettably diluted by immigration, in a way that hasn't in France?

We look at the camps in Calais, and wonder why people don't just seek asylum there. Isn't France a safe country? There must be something desirable in our own country, but really, what we are saying is that we'd prefer it if people were just passing through the UK, rather than coming to settle. We'd rather be like France, where we have shipped our immigrants out to suburbs, camps, ghettos.

For me, a vote to remain in the EU is a vote of solidarity with Europe and with France. I want the UK to be more like France, and I want France to be more like the UK. I want to feel equally at home anywhere in Europe. I don't like these ridiculous notions of rolling back the clock to some unattainable yesteryear state, where we live in idyllic little villages and roll in the hay during an eternal summer.

For me the vote to leave the EU - Brexit - is clearly driven by this enemy at the gates idea that is epitomised in the Calais camps.

Frankly, I find the idea of building barriers between us and our nearest neighbour, most distasteful. Frankly I find the idea of rejecting our European identity to be complete madness, even if there is something emotionally appealing in the Union Jack and Her Majesty The Queen.

I feel a lot happier being a son of Europe than just a subject of The Queen. I like telling people I'm a European, just as a citizen of the United States of America would tell you that they're an American. I like the idea that I could live and work anywhere in Europe with no visa or work permit considerations.

Vive la France!

Tags: #politics #childhood #france #europe

This is a story about dirty tricks...

The Government and affluent Londoners have completely misread the public mood. There is a complete disjoint between the media, politics, and the concerns and struggles of the general population.

Youth unemployment, ballooning student debt, a lower minumum wage for people aged 18 to 24, unaffordable house prices, ridiculous cost of living... these things don't just affect young people, but also their parents. Parents are waking up to the fact that their kids aren't lazy & stupid, but in fact millennials are far better behaved than any previous generation. You just have to look at falling alcohol consumption, smoking and teenage pregnancy rates, to see that today's young people are far more responsible than their parents and grandparents ever were.

Meanwhile, there's a population bubble that is coming up to retirement age and hoping to collect a final salary pension - an income that is not at all linked to how much they have paid in and asset values - that is causing a massive deficit that nobody is talking about.

Everybody's dug into their trenches.

Students quite rightly demand the same standard of education that their parents received, but must get themselves tens of thousands of pounds into debt, and there isn't even the guarantee of a good job at the end of an expensive education.

Pensioners quite rightly demand the same retirement age as their parents, but are going to live much longer, healthier, lives in their retirement, and expect to continue an extremely high standard of living: 3 foreign holidays a year, new cars and large empty houses, with expensive luxury kitchens & bathrooms, lavishly decorated.

Parents quite rightly expect their kids to move out, live independently, get married, have some grandkids. But that's not going to happen unless parents share some of their wealth, and many parents are already worried about whether they have enough money to maintain their high standard of living. So, the reality is kids never leave home, never become financially independent, are never able to escape the demeanment of being dependent on their parents.

Driving this drop in living standards is the fact that the West has been exporting its inflation for years. The postwar boom years were achieved by abandoning the gold standard and printing money. The only way that the value of the Pound, Dollar, Euro and Yen have been propped up is by an agreement called Bretton Woods, which defined a basket of so-called "hard" currencies.

Now, the people of the developing nations are demanding payback. These people have worked far harder and saved far more money, than the arrogant West. These people are quite rightly dissatisfied with being economically enslaved by a culture that broadcasts its profligacy to the world. If Hollywood is to be believed, we all live in mansions, drive supercars, fly helicopters and know the President of the United States of America, personally.

People want everything they were promised, but reality is a real let-down.

Even in London, where the streets are paved with gold, we live in tiny damp flats, with paper-thin walls where you can hear every little noise your neighbours make and the din from passing traffic is incessant. We are like sweaty sardines on a dangerously overcrowded public transportation network, working the longest hours in Europe, in the hope of affording some ludicrously overpriced piece of real estate. Pollution and crime is all around us. Yet, we are high-brow Guardian newspaper readers, who deign to patronise the ordinary working people outside the M25.

Nobody in the provinces gives a shit about a few malnourished brown people. They just want the cushy life their parents had: with a free University education, a seat on an uncrowded train, a 9 to 5 job that has a big enough salary for one parent to work, buy a house, pay the bills and raise some kids. However, that dream is never going to come to fruition.

People have been disengaged with politics for years. The disillusionment with the instruments that maintain the status quo, has reached crisis point. The wealthy elite have been too greedy for too long, and they have completely misread the public mood, the will of the people.

We're going to have problems when even the middle classes become squeezed, because their kids are a massive drain on their finances. The middle classes are the ones who still wield some political clout, and can even become somewhat radicalised.

Finger-pointing at immigrants will fool some simple-minded folks who didn't pay attention at school and who fail to see the spine-chilling parallels with the rise of far-right fascism in 1930s and 1940s Europe. However, it's only going to buy a very small amount of time, before the UK descends into all out chaos and destruction.

While one generation goes on strike, to demand that their final salary pensions aren't touched, and the protection of jobs that have become unnecessary due to technological advancements, another generation will have their lives made ever more miserable. Young people have to suffer train strikes, on services that are already overcrowded and cost a significant proportion of their income, in order to get to a job where they're paid less simply because they're young, and their money disappears into the black hole of the pensions deficit, with no hope of ever owning a home and having the luxury of going on strike themselves, for fear of losing their job.

We are being turned against one another, and against minority groups like immigrants and Muslims, when the real culprits for our suffering are the public-schooled wealthy elite, who become career politicians and rule over us. The real culprits are those who take out more than they've paid in. The real culprits are those who expect us to work harder than they would work themselves.

The enemy here is inequality, not immigration. The thing that we should be correcting is the rich:poor divide, not dismantling the safety net of social welfare, and blaming people who suffer long-term disability, or immigrants.

We have been manipulated by the media and politicians into voting against our self-interests. We have elected politicians who have massively increased national debt, while at the same time making people more insecure in their jobs, less financially well-off.

Now, the politically inactive class have become radicalised, in voting for right-wing policies, and for relinquishing politically progressive ideals, which had given us greater protection for ordinary working people.

A vote to leave the EU is further playing into the hands of wealthy property owners, who want to see the clock rolled back to a time when there were no labour unions, worker rights and there was no job security or opportunity to better yourself. Brexit is vote to increase the power of a bunch of Eton-educated toffs, who have never done a hard day's work in their lives.

Yes, things need to change, and things need to change quickly, if we are not going to suffer a terrible rebellion by a hard-pressed working public, that could sweep away most of the advancements that our society has made, at great expense.

However, reversing the result of a referendum that was already held once before, is not the way forward. The House of Commons should be just that: representative of the common person. Getting rid of EU gravy-trainers simply hands more power to the wealthy elite, who have presided over a shameful decline in the British public's standard of living, for far too long.

Voting Brexit sends completely the wrong message to the elite, and to nasty bigots, like UKIP's Nigel Farage. Voting Brexit emboldens those who wish to divide and rule us.

Tags: #politics #capitalism