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 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 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 substance dependancy...

The daily grind. How do you get through the working day? What is your routine?

150 million Americans drink coffee every day. That's roughly 50% of the entire population. No matter where you are in the world, you have some kind of vice to help you limp along.

Coca leaves, coffee and tobacco in the Americas. Tea and opium in Asia. Betel nut and Khat in Africa. Alcohol just about everywhere across the globe.

The workforce will literally down tools and be unable to work, without the substances that they're dependent on to pep them up and chill them out. The world functions through substance dependency.

Presently, I'm under pressure to addict myself to anti-depressants and tranquillisers in order to be able to work. My chemical-free life is unbearable. How am I supposed to cope with the relentless pressure without something to calm my jangled nerves? How am I supposed to cope with the futility of my existence without something to artificially raise my spirits?

Caffeine will alter my concentration span, so that I can feel productive even though my day is largely pointless and boring. Alcohol will shut my brain down and dull my senses, at the end of the day, when all there is to do is worry about having to do the same shitty stuff all over again tomorrow.

Yes, I could fill my life with kids, cats, dogs, guinea pigs, so that I'm too busy mopping up shit and snot to even notice that all I'm doing is perpetuating human misery. The opiate endorphins that are released during childrearing or caring for pets will make my life more bearable, at the expense of the poor unfortunates that I have spawned. Defining my existence by the fruit of my loins is merely handing on the problem to the next generation.

Doing sports merely floods my body with opiate endorphins, as my body tries to manage the pain of the muscle and joint damage that I have inflicted on my body. Yes, it's a 'natural' high, but it's every bit as natural as putting a synthetic opiate into your body, and a hell of a lot more likely to lead to arthritis and injury.

Pursuing adrenalin, through kitesurfing or skydiving, will give my brain a jolt of 'fight or flight' chemicals that I could get by fighting a tiger, or putting amphetamines into my body. The relief of having survived an encounter with a wild animal trying to kill me, will make me feel happy to be alive, but sooner or later you're going to get mauled to death. The pursuit of adrenalin knows no bounds : you will always have to push the envelope a little further each time.

I have a deep moral objection, to having to medicate myself to function in modern society. Just because everybody I know needs their morning cup of coffee, their cigarette breaks, the glass of wine when they get home from work... it doesn't mean that we are living our lives correctly.

Things have gotten even worse in modern life. Now people need anti-depressants and tranquillisers just to hold a job down and not have a nervous breakdown. People are popping pills from their doctor just to hang onto what they've got. "I'll lose my job if I don't have these pills to help me hide my crippling mental health problems" people say. Where is the cause and effect?

What if your mental health problems are a result of your job, your lifestyle, your life? What if your mental health problems are a symptom of having to do shitty work that you hate, and compete in the rat race?

We have been indoctrinated, at school, to prepare ourselves for a world of work, but it's not a real world. We are not supposed to be away from our families. We are not supposed to live with such insecurity, and in such uncaring environments.

From the very first day at school, we are being set up to compete with one another. Only a small number of the kids can get the "A" grades. Only a small number of students will get a first class degree. This prepares us for work, where only a small number of us will get the good jobs. It's a pyramid scheme, so most people are losing.

You've been set up to fail. Your rent is always going to be a significant proportion of your income. Your household expenses are always going to leave very little disposable income. The cost of childrearing will always leave you with less than you really need, to not feel anxious, afraid, insecure.

We are living in a world that has been completely shaped by market economics. The very design of our economy is designed to separate fools from their money, in the most efficient way. If you get a pay rise, the cost of goods and services will automatically rise to compensate. Prices are fluid, dynamic. Freedom is always going to be just out of reach.

Wouldn't you like it if only one parent had to work? Wouldn't you like to see more of your kids than just kissing them goodnight, and stealing a glance in the morning before you have to rush off to work? Wouldn't you like to be close to home, in case there's something you need to take care of, or just to see more of your loved ones? Why do you have to do a shitty commute that takes up hours of your day, and deprives you of time with your family? Why do you have to leave the village where you grew up, and go to the big polluted crowded city, in order to seek your fortune?

But don't worry about such existential questions. Just dope yourself up with tea, coffee, alcohol, antidepressants, tranquillisers. Don't worry about it, just zap your brain with enough chemicals to kill an elephant. Don't worry about it, just keep putting toxic stuff into your body, because you need that job, you need to stay in the rat race, you need to stay competitive.

Students are even taking Modafinil and Ritalin in order to stay awake and concentrate on their studies, because it's so important that they get good exam grades.

Doesn't all this sound like a terrible arms race to you? Doesn't it sound like our efforts to compete with one another are destroying our mental health? Doesn't it sound like we're sacrificing so much of our existence, to do more homework, study harder, work harder, work longer hours, deny our aching heart that cries out to be at home, cuddling our kids and hugging our loved ones.

Aren't we denying our very humanity, and using chemicals to mask problems that we label as mental illness? Wouldn't we all be more mentally healthy if modern society allowed us to be more human than just some worker-drone in an anonymous big city somewhere, with a cruel boss who only cares about productivity and timekeeping?

The lives we lead are collective madness. We are killing one another, not with guns, but with our relentless drive for good exam grades, pay rises and promotions.

I'm in favour of a general strike, because the madness has to stop.

Let's get some new kind of society under construction, where we worship happiness, not money.

Tags: #politics #capitalism #career #depression #suicide #mentalhealth #addiction #drugs

This is a story about respecting your elders...

Who's the responsible one round here? Who's got to carry the can, at the end of the day? Who's got to live with the consequences of bad decisions, and clean up other people's mess?

There isn't a class war going on. There's a generation war.

The baby boomers drove around in gas-guzzling cars, burnt dolphins to stay warm, dynamited the glaciers, blew up nuclear weapons under the polar ice caps, and generally whizzed around the globe spraying deadly chemicals on everything and saying "FUCK YOU GRANDCHILDREN, HA! HA! HA!".

I remember at school, when I was 10 or 11 years old, me and my friend Ben used to write long rhymes about saving the environment, and read them out at school events. We basically urged a modicum of control over the unmitigated climate disaster we saw all around us.

Growing up in the Thames Valley, huge numbers of my friends were asthmatic. Particulate emissions from internal combustion engines, gathered in the river valley, and in central Oxford the percentage of kids suffering from respiratory conditions was at the highest level in the country.

My friend Ben's parents had responsibly given up smoking for the health of their children, but mine would not listen to my pleas to stop wasting a significant proportion of the family income on something that was destructive to the health of us all. It was selfishness, plain and simple.

I still vividly remember one time when I begged my Dad to stop taking drugs. "Do you expect me to be a boring old fart?" he asked, incredulously. The tragic thing is, that I didn't need him to take drugs to look 'cool'. It was his own insecurity and pathetic attempt to impress young family members like my cousin Sue, that meant that he thought he was some kind of counter-culture hero, just because he took addictive drugs.

My Dad was adamant that I should not get to go to University, nor my sister, even though him and my Mum both enjoyed a free University eduction. My sister and I were both educated in state schools, even though my parents enjoyed the option of private/selective schooling.

My parents had substantial financial help from my grandparents to purchase their first home. No such help has been forthcoming from our parents, and indeed I bought my house without any financial support from my parents, as well as paying for my wedding & honeymoon out of my own pocket. My sister has - as a percentage of her income - possibly been even more financially independent than me.

As kids and adults, my sister and I have certainly been very economical, responsible, mature, in ways that my parents don't even come close to. We've paid our own way in life. We've grafted harder than my parents could possibly imagine.

And for what? So that my parents' generation can tell us that we're profligate, reckless with money, irresponsible, lazy? My parents' generation tell us we should save money for a rainy day, when the pensions that they draw bear no relation to the actual amount of money that they've saved up. The baby boomers are hoping to have hefty final salary pensions that far outstrip the amount of money they've paid into the schemes, to the point of causing a massive black hole in the nation's finances.

The upper-class Victorians used to say "children should be seen and not heard" but those children were reared by wet-nurses, nannies and au pairs, plus all the other servants. If you don't have servants to rear your children, you don't get to say such obnoxious things, because you're the only person in your child's life.

Infant mortality used to be very high, so ordinary Victorians cherished their children. Having a healthy child was a blessing, and something to be celebrated. There wasn't this strange culture of worshipping people with old-fashioned ideas, who sat idle for 30, 40 years, just criticising everything. Yes, we'd all like to retire and just sit around in our favourite chair reading shit newspapers and being mean to everybody, but the retirement age was always supposed to be just 1 year more than the average life expectancy.

Our economy is structured around the 'grey pound'. After the banks, the most powerful institutions in the country are the pension funds. These massive piles of money, managed by asset managers and institutional investors, for the benefit of their pension-drawing clients, decide everything about how this country is run. When we talk about things being run for the benefit of shareholders, those shareholders are mostly pension funds.

If anybody ever says to me "what have you given back to your parents?" or  "be grateful your parents gave you the gift of life" I'm going to struggle not to scream in their face with rage.

My whole life has been generating value for shareholders. Every penny and pound of profit that I have generated for my masters has gone into dividends and higher stock prices, to inflate the asset value of a pension fund somewhere. My whole life has been toiling to allow the baby boomers to have a life of idle luxury, not that they're fucking grateful.

But you know what? Things have gone way too far.

The older generation has fucked up the environment, fucked up the economy and demanded that young people suffer austerity, University tuition fees, job insecurity, wage stagnation, eye-watering rent, impossibly over-inflated house prices and listen to a sneering arrogant bunch of lazy grey-haired cunts telling them they're lazy and stupid the whole fucking time.

They say you should be nice to your kids because they'll choose your nursing home. Damn fucking straight, but you don't get to have 20 years of idle luxury before you go so damn senile that you have to be put in a home, so that your hard-pressed children can continue working all hours to pay for your profligacy, laziness and arrogance.

Yes, it's true that a huge proportion of wealth has been diverted into the hands of a few eye-wateringly rich families. However, WHO THE FUCK WAS ASLEEP ON THE JOB WHEN THAT HAPPENED?

Why the hell is it me who has to go on political marches, to demand that wealth is more fairly redistributed? My parents were too busy sat on their fucking arse taking drugs and reading books and newspapers to actually get off their lazy backsides and engage in the political process, for the good of the country and the good of us kids and grandkids.

Don't pretend like voting to leave the EU is somehow in the best interests of the country and future generations. One lazy pencil cross in a box doesn't make up for the idle years spent enjoying a free University education, job security, high pay, reckless drug taking, low cost of living, great housing, foreign holidays, new cars, superb pension and lots and lots of disposable income. YOU HAD IT FUCKING EASY, YOU STUPID OLD CUNTS.

As you can tell, this is a fairly calm and measured response to being sold down the river, and having my future destroyed by a bunch of people who won't be around to suffer the global warming and economic depression.

Literally, almost everybody I know my age or younger suffers from depression and/or anxiety. What a legacy!

We used to sing "he's got the whole world in his hands" but where is your fucking God now?

Tags: #parents #childhood #oxford #family #politics #capitalism

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

This is a story about working class heroes...

What could be more symbolic of the ordinary working Englishman, than the white van driver? What embodies the British working class more than a beer-gutted builder, wolf whistling at a pretty girl in the street, from the vantage point of their scaffolding? What could be more patriotic than the colours of the St George's flag, and a rioting football hooligan, swilling lager while chanting racial abuse?

Oneupmanship is rife, even when people are talking about reverse snobbery. People say to me "everybody's got to work" as if they're some kind of class hero, some kind of fucking Victorian chimney sweep. They see themselves as hardworking, and everybody else as angst-filled spoiled brats.

But, this is stupidity, plain and simple.

The fact of the matter is, people don't have to work. There is enough wealth, that if it was all shared out, we'd have over $200,000 each, so a family of 2 adults and 3 kids would have a million dollars. That's enough to live for 548 years, in the developing world.

In actual fact, we have been programmed - brainwashed - to believe that what we do is productive and useful and necessary. Somehow, the world's going to come to an end without those sales forecasts. Somehow, everybody's going to die if you don't fill in your timesheet. Somehow, all the crops are going to fail if you don't sell any insurance policies today.

I was watching a documentary about legal highs last night, and the film-maker asked a guy who was manufacturing and selling legal drugs how he could live with himself, knowing that he was fuelling people's addictions: "everyone's gotta work" he said.

I worked for a weapons manufacturer, as my first job after college. If you don't think to yourself "what is the negative impact on the world of what I do?" then you're a fucking idiot. You can't hide behind "everyone's got to work".

"I was just following orders" is the equivalent of "everyone's got to work". Being a guard in a concentration camp, or an officer of an army committing a genocide... those things are jobs, and everyone's got to work, apparently. It's pathetic. You can't hide behind a justification like that.

Anyone who says I'm lazy is going to get a boot up their fucking arse. I've founded multiple businesses and worked 100+ hour weeks, in a non-stop career that hasn't included any breaks, any gap years, any sitting around reading fucking books. I've been in full-time education and employment since I was out of fucking nappies. Fuck off. Fuck all the way off.

What I'm talking about is conscientious objection. Yes, we normally associate that with people who refuse to do a government's killing for them. However, the way that wars are waged nowadays is not with boots on the ground, but in boardrooms, stock markets and with foreign currency trades.

There's an arms race, where multinational corporations have enslaved the world. If I have an economic monopoly, because I have used my stock price in order to acquire all my competitors, I obviously control the labour market as well the ability to manipulate prices.

I can buy a pair of jeans from Primark for £7. How is that possible? Somebody still has to pick the cotton. Somebody still has to operate the sewing machine. We haven't entered a robotic futuristic world yet.

Here's a picture of the very moment that I broke down, and became so depressed that I could no longer work. This is the West's lie, their fantasy, their trick. This is a robotic distribution centre, where goods are distributed to stores, for your consumption. This is what we believe is the reality of progress, and innovation.

However, somebody still has to pick the cotton. It might feel like we're arrived in a futuristic utopia, but the reality is that simply the shitty jobs have mostly been offshored. When I decided I wanted to be an electrician, it's because somebody in a callcentre in India can't clamber down the phone line and come and fix your lights.

The lack of a tangible reality, in almost everything I did as a software engineer, really started to fuck me up. Where's the physical proof that something I did was useful to humanity? In actual fact, I had proof of quite the opposite, having been right at the very heart of the credit crunch during 2007/2008.

Turning on each other and saying crap like "get a job" and "everybody's gotta work" is such utter bullshit. People who have become depressed and can't work have got it right. Propping up a system that enslaves most of humanity is total horseshit. You damn well should be depressed about your crappy job that ignores the blatant crime of economic imperialism. It is unconscionable.

We are now living in such a highly-leveraged society, that nobody can take their foot off the gas pedal. People have skin in the game - kids - so they think they have to keep servicing their debts, paying their rent/mortgage, working their crappy job. People mistakenly believe that work will set them free. Work will not set you free - you toil for your own demise.

The worship of corporate profits means that people must work longer hours for less money, in real terms. Wage inflation is rock bottom, and that means that your wealth is inflated away. The cost of goods, services, housing, food... all these things have massively increased, but average wages have barely budged.

The brainwashed massses are now fighting with one another. Instead of being pleased that your co-worker got that promotion, we think "it should have been me". We think "I could do what they do" and secretly hope that our peers are just as downtrodden as us, just as hard-up. There is jealousy, resentment.

The crabs in the bucket are pulling each other back down into their prison, whenever one of them is close to escape. The working public are crawling all over each other, in a seething mass of claws and excrement at the bottom of a plastic bucket, just waiting for the day that they're tossed into a pan of boiling water.

The government encourages us to report benefit cheats and other victimless crime. We are taught to bully and abuse people who don't work. We are brainwashed into thinking we're some kind of fucking hero, for working a shit job that does nothing except perpetuate human misery and further compound global problems.

Have a kid, get a dog. Try to pretend you're really important. Well done. Gold star. You worked your job, without giving a shit about what it really fucking means.

This is the reality of how your cotton pickers and callcentre staff get to work. This is the future. This is what you don't see, as a consequence of "everyone needs to work" and feeling smug about what a hard little worker you are.

Tags: #career #banking #capitalism #politics

This is a story about jobs for the boys...

Do you feel like you earn your salary? What is it that makes you think you're worth your wages? How do you value your contribution?

If you work a physical job, you're likely to feel pretty exhausted at the end of the day. Maybe your feet hurt, your back, your muscles. Perhaps you judge your working day based on how much energy you've expended. Perhaps your job involves standing up, walking around, even running around. Perhaps your job involves lifting, stacking, moving, shifting. Can your value therefore be considered a function of how many things you physically move? For example: boxes of stuff from the storeroom, products on shelves, patients from beds, or children from perilous situations.

Maybe you work an academic job, or something you have to be highly qualified for. Perhaps you judge your working day based on how hard you worked in the past. You maybe had to really concentrate at school and do all your homework. Perhaps you had to go to University and at least turn up for some of the lectures. You're probably pretty pleased with yourself that you beat the competition to those limited places, and got the necessary grades. Can your value be considered a function of how stressful your exams were, and how hard it was to write your disseration, your thesis?

Maybe you work a high pressure job, something you really have to concentrate on. Perhaps you have no time to judge your day, because you're just so busy that you don't have time to think about it. You maybe have to take sales calls all day long to meet your targets. You're always talking to people. Or maybe you have to watch a computer screen all day, like a stock-market trader or an air-traffic controller. Can your value be considered a function of your ability to concentrate, and keep busy with the task in hand for the whole working day?

Maybe you work a caring job, or something that delivers service directly to people. Perhaps you judge your working day based on how many people you deliver satisfactory outcomes for. Perhaps you have had to work on a caring bedside manner. Perhaps you have had to develop diplomatic skills for dealing with people. Can your value be considered to be a function of how many smiles you get each day, how many thank yous?

Maybe you work a repetitive job, or something that requires very little problem solving. Perhaps you have plenty of time to think and it's quite clear what needs to be done, but there are only a limited number of hours in the day. Perhaps you enter data in spreadsheets. Perhaps you type the answers that are written down on forms. Perhaps you work on a factory production line. Perhaps you deliver widgets. Can your value be considered a function of how many of these repetitive functions you can perform in a fixed period of time? Do you take pride in the tiny efficiency gains you can make in a job that has been easily mastered?

Maybe your job is to educate, inform, inspire, entertain. Your job is to titillate the attentions of other people. Your job is to spoon feed culture to the masses. Perhaps you had wide-eyed ambitions about bringing song and dance to the people. Perhaps you thought you were going to be a war journalist. Perhaps you thought you were going to set the minds of young people alight. Can your value be considered a function of your reach, your influence? Do you know how many followers you have? How many viewers? How many readers? How many listeners?

But what happens when your purpose is cloudy, unclear? What happens when you can't see what difference you're making, either to other people or to yourself?

Why do you do what you do? Is it possible to work a job, just because it puts food on the table and shoes on the children? Is it possible to work a job just because?

Everybody needs to work, right? But what if your job is makework? What if your job is made up, just to justify the salary of your manager, who has to have a certain headcount in order to get their promotion? What if your whole industry can't justify its existence? What if everything that your company does, and companies like it, is completely superfluous to human existence?

What do we need? Food, water, shelter, warmth, social bonds. Where does insurance fit in that world? Where does a law firm fit? Where does a bank fit? Where do technology companies fit?

If you woke up tomorrow, and your company didn't exist, and neither did any of its competitors, would the human race keel over and die? If you work for an agricultural business, then quite possibly. We need grains, we need vegetables. If you work for an accountancy firm, I think we'll all be just fine.

I've got nothing against the people who work in the service sector per se but should we value those industries more than, say, fishing, farming, building & caring?

Do you think I give a shit about the protection of intellectual property rights of a wealthy corporation? Do you think that I respect the instruments of capitalism as an efficient means to do more with less?

Fundamentally, how many people are living miserably? We might point to increases in life expectancy as an indicator of progress, but what if those lives are filled with stress, anxiety, depression? What if those lives are miserable and isolated, unfulfilled, unhappy?

Official statistics say that more than 1 in 4 of us are battling mental health problems. In truth, the real number must be much higher, because there are so many people who have undiagnosed problems. We know from suicide rates and prescriptions of psychiatric medications - such as antidepressants and anti-anxiety drugs - that problems are growing at an alarming rate.

There's a direct correlation between my lack of job satisfaction, and my poor mental health. When I've been happy in my job, I've been overworked. When I've stopped to think about what I've been doing, I've realised that I've been building systems that perpetuate human misery.

It's said that for every 1% that unemployment increases, over 40,000 people will commit suicide. I built a system for JPMorgan that processed the equivalent of $163,000 for every man, woman and child on the planet, in Credit Default Swaps. You think that money is better off locked up in the banking system rather than being in people's pockets?

If I'm building banking systems that process $37 million a second, why the hell are people living in poverty? Why the hell has the National Health Service got to be left underfunded? Why the hell is science underfunded? Why the hell have I got to work a crappy job that I hate, in order to make thousands of people redundant?

Rational self-interest, and the philosophy of Ayn Rand has led us down a very dark path. It's actually in our rational self-interest to smash the systems that take us on a race to the bottom.

Perhaps it's time to throw our clogs into the loom?

You think that you want an A-list celebrity life, with all the trimmings and bling. However, collectively wanting this is leading us all down a path that makes humanity miserable, depressed, stressed, anxious, lonely and isolated.

Tags: #depression #mentalhealth #suicide #career #banking #capitalism