The archive is catalogued by 'Economics', 'Politics', 'Mockingbird', 'And in other news' and 'Thoughts on other things' 

MarkGB 

"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

And in other news – Saturday 2nd July 2016

And in other news this week:

There has been no other news this week. Everything…OK not quite...is now a function of Brexit…

1. The Chancellor of the Exchequer, George Osborne, is no longer targeting the eradication of the deficit by 2020, because of…Brexit…the fact that he has made no progress for the past two years and fish swim better in the Sahara than he does in the economy has got nothing to do with it

2. The Governor of the Bank of England, Mark Carney, is no longer talking about rate hikes, he’s opening the sluice gates instead, because of…Brexit…no mention of the fact that he’s been talking about raising rates for two years…he was just about to do it folks…honest…           

3. The Federal Reserve will not raise rates either, because of…Brexit…indeed, the whole thing has been great for politicians, central bankers and ‘economists’, who have now got the excuse they were looking for…the recession that we’re already in can be announced (after the Presidential elections) with no adverse effects on their reputations.  This is good news for everyone in Washington and New York, except the people who sell Valium, which has been temporarily replaced by a sigh of relief and a good night’s sleep.

Keen observers will note that the only thing that has not been caused by Brexit…is Brexit…the snakes are still trying to wriggle out of that one, cheered on and lubricated by their grease merchants in the press, not least amongst these, the FT’s very own oily obfuscator…Phillip Stephens…

And now for the serious bit (the bit not designed to ‘take the piss’)…the human mind makes sense of its world through the functions of ‘generalisation’, ‘deletion’ and ‘distortion’. I.E. It interprets data within existing mental ‘frameworks’, created by these three functions - which operate largely automatically. The ability to see the bigger picture requires ‘distinction’ – seeing events as separate but connected – not all the same, but related.

Brexit has not ‘caused’ these things. It is a link in a chain that was shattered 8 years ago when the financial system designed and run by vested interests for vested interests collapsed under the weight of its own hubris. Brexit is the sound of the latest link clattering to the ground.

Don’t expect the mainstream media to describe the big picture. They will go along with the narrative of people like Osborne, Carney, Yellen, who are desperate for something to blame for what they know is coming. There are another three major elections coming over the next year  – US, France and Germany. They are scared of losing control. Personally I think that ship already left port.

Finally, if there had been any other news this week, it would have included the US Attorney General, Loretta Lynch, having a little 'tarmac tryst' with Bill Clinton to discuss ‘grandchildren’ whilst assiduously avoiding any mention of the FBI’s investigation of Hillary…and the announcement that the Austrian Constitutional Court has ordered the re-run of the presidential election because of ‘irregularities’…

And that was the other news…Saturday 2nd July 2016...a good weekend to all…MarkGB

Brexit is symptomatic - the issue we face is fundamental

'We're turning into Greece' says sore loser