There is not a lot for me to say today. This is because a couple of posts made a very interesting coincidence. The first is from the web, Rowans blog, from someone who has a great deal of experience in financial crime.
This is a longer item but clearly written. Basically, he is saying that the key police force for dealing with financial crime, that of the City of
(not to be confused with the Metropolitan Police) seems never to be in sight
when it happens. The implication is that
they are in effect supportive of it. London
The second is from Nicholas Shaxson, writer of the best selling book “
which deals with tax havens with special reference to the City of . This deals with the same subject but wonders
why so little is done. London
The much wider context for this is that now the US Presidential election is over and The White House turns to deal with the economy, it may well be that the “Special Relationship” the UK claims to have had will be over. President Obama may be having a Tea Party all of his own in kicking the City financial Brit’s out of
Meanwhile, whilst Cameron is trying to cope with Merkel, back in
the EU High Command may be about to
make The City of London the Target for Tonight.
This may be to protect the French and German banks from worsening
contagion and the increasing risk of Brussels London
destabilising Europe as it did Iceland
and . Ireland
For those with an interest in history here is the story of Sir George Colebrooke, the crisis in the East India Company in the 1770’s and the bail out from the government; who then needed to increase the taxes on those pesky colonials to help cover the costs. So what happened next?
I keep trying to explain to people about the loss of the American colonies, just follow the money.
First, check out your investments. Second, stock up on the necessities.