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Sorry typos in last paragraph, posted by mistake should read
Whatever her religion and family beliefs Arlene Foster lost credibility by going into power sharing for a fee ( £1 billion) with the last minority Theresa May Tory UK government and now as a result she has failed represent the best interest of the Irish people.
https://www.independent.co.uk/news/uk/politics/theresa-may-20-000-raf-plane-fly-arlene-foster-dup-leader-home-belfast-deal-a7819116.html
https://www.theguardian.com/commentisfree/2021/apr/28/arlene-foster-thrown-to-wolves-johnson-brexit-games-northern-ireland
Hi RedSparrow,
Oh yes, I came across it on a regular basis, there are infiltrators in every party from the other side whose role it is to gain other members confidence/trust and feed their findings back to the other party HQ.
The labor party is infested with with pro Tory spies, one of their favorites is the good old anti antisemitism accusations , unfortunately that was used with great success against Corbyn, it was mostly complete lies of course.
As a union convener I met Corbyn several times long before he became party leader, poor old Jeremy he still had genuine political beliefs, certainly not the right man for leader in today's politics, that why the media were able to annihilate his credibly, although to be fair at least he had some, more than can be said for most today!
https://www.pinknews.co.uk/2021/05/27/arlene-foster-doctor-christian-jessen-affair-tweet-defamation/
Christian Jesson should have checked out the credibility of his information sources better,who knows he may have been set up, I hope Arlene donated the compensation money to a deserving charity,
Whatever religion and family beliefs Arlene Foster certainly up going into power sharing for a fee with the last ToRy UK govrnment represent the best interest of the Irish people or the union
https://www.theguardian.com/commentisfree/2021/may/02/arlene-foster-first-minister-northern-ireland-protocol-unionism
Hi Mr Tibbles
I see you are in fine form this Saturday.
I read recently that Arlene Foster had won about £110000 in a libel case. Someone on Twitter had accused her of having extra-marital affairs and generally being immoral. She is a woman of very deep faith and strongly family orientated. Those kinds of accusations must be very deeply wounding to such a person. So, well done Arlene.
I have a friend who stood for the Liberal Democrats in a General Election some years ago. The Conservative candidate put a rumour around about her having an affair with a married man, she was single at the time, and generally slurred her name. She confronted the Conservative candidate, and he just said that she should expect politics to be a dirty game. It's just another reason why decent people avoid becoming poiticians. It's a shame because we end up with the dregs of society in power.
Dominic Raab? Such an ardent campaigner, now surely the lowest profile foreign secretary in our history, and when he does venture out, it is rarely to invite us to dance on the sunlit uplands, for they are not there; and nor it is to exploit the greater power that Brexit has delivered to our diplomacy, for in truth it has made us weaker and less respected around the world.
Michael Gove, though charged with trying to sort out some of the mess he and his fellow Brexit liars and charlatans delivered, is remarkably low profile compared with during other stages of his Brexit career. Better than anyone else in the cabinet at slithering out of tricky question areas, even he is finding there are too many circles to be squared, so best to keep your head down, take your son to Champions League games abroad, and enjoy a bit of special privilege self-isolation.
Also, it seemed odd that during seven hours of testimony at his recent select committee appearance, Dominic Cummings, for whom the entire exercise was designed to feed his ‘I was always right’ narrative on Covid, did not find a way to make his role in winning for Leave part of that narrative?
Is he too now so embarrassed by the reality of what it has delivered that, like Johnson, he prefers to have his life dominated by a pandemic created by others, than the Brexit mayhem created by them?
Fair to say, they are not working out fine, but heaven forfend anyone should think it is Johnson’s or Frost’s fault … No, those bloody Europeans made them sign the Protocol, of course they did. ‘How were we supposed to know it would have the effect they said it would? Why should we implement it just because we agreed to?’
And what of Arlene Foster, how must she be feeling about life these days, having fought so hard for Brexit despite a majority in Northern Ireland not wanting it, having supported Johnson as Tory leader on the basis he would be "a fabulous friend to Northern Ireland", and now part of that long list of people to learn that if you hitch your wagon to Johnson, the chances are you’ll one day regret it? Now in her final month as first minister, a child of Brexit devoured by Brexit, and its inevitable contradictions, on which she is now silent, as well as powerless.
Kate Hoey, another Ulsterwoman who flew the Brexit flag, not least from the back of the boat she shared with Nigel Farage as they sailed down the Thames to rage at EU fisheries policy, and promise UK fishermen a bright new future freed from the shackles of Brussels… where is she now? Sitting in the House of Lords, where else, alongside other Brexit-supporting ex-Labour MPs, Gisela Stuart and John Mann, similarly very quiet these days when it comes to Brexit.
As for Farage, he remains high profile of course, because his profile is his living. So he piles into any debate which allows him to say ‘woke,’ and milks his Brexit fame to become one of Cameo’s star turns, delivering video messages to anyone who wants one, and failing to spot that when someone called ‘Hugh Janus’ paid a few quid to get ‘a personalised message from Nigel’, it was a ****-take, just to hear the words ‘hello, huge anus’ fall from Farage’s lips. But when was the last time you heard Farage talk fishing, or farming, or indeed any of the other sectors promised they would thrive, and now realising they were lied to by people like him?
While Farage keeps on trilling and shilling, other leading lights of the Brexit campaign have simply vanished from public view, among them cabinet ministers. There was a time you could not turn on the radio or TV without hearing the über-Etonian tones of Jacob Rees-Mogg telling us how Brexit would lead to cheaper food, cheaper clothes, cheaper holidays, less red tape, greater competitiveness, a stronger economy, more power… now that none of those things have turned out to be true, he has gone from ubiquity to invisibility, perhaps hiding away in agony that his beloved Catholic Church will these days marry twice-divorced proven liars who pay for abortions as a way of keeping their child tally to single figures.
Why don't Brexiteers like to talk about Brexit any more?
Hi Redsparrow,
I don't see why those of us who have been taken back 50 years and are now being caused so much unnecessary hardship and inconvenience should remain quiet anymore, Borirs, Farage and all the other pro Brexiteer Guru's are guilt of gross deception of those that chose to vote leave and misrepresentation and even slander of the other member states.
Weatherspoon’s boss Tim Martin inevitably attracted heaps of scorn when recently bemoaning staff shortages for his pubs, and demanding the government allow more EU migrants to fill the gap. But at least he was prepared to face that scorn to point out an unfortunate if inevitable consequence of the Brexit he had helped to bring about.
Most of his fellow Brexit warriors have preferred instead to run for the hills. The new Brexit battle cry seems to be: ‘Don’t mention the war, in case anyone remembers that we were the people who started it …’
Tory failures David Davis, Iain Duncan Smith and Liam Fox have morphed from being Brexit experts to become Covid experts, if by ‘expert’ we mean that they are regularly invited onto flagship BBC programmes to give their view, without ever being asked why they got so much wrong in their previous field of expertise.
On the rare occasion they do face a question about the B-word, Davis chuckles, IDS coughs, Fox sighs, and all three complain that, sadly, the" Europeans "have created the wrong sort of Brexit. Taking Back Control is all very well, but not if it means forfeiting the ability to blame the EU when it turns out we have lost more than we gained in doing so.
‘The wrong sort of Brexit’ is a line of defence now adopted by none other than David Frost, the government’s chief Brexit negotiator, who stood so proudly and so smugly behind Boris Johnson as the prime minister signed an agreement he had almost certainly never read, and who now laments the deal-clinching Northern Ireland Protocol of which he was once so proud and so smug.
It was not as though anyone warned them, was it, that to make Brexit happen, you would need either a hard border on the island of Ireland, or a border down the Irish Sea that would mean Northern Ireland was treated differently to the rest of the UK? Nor did anyone point out that this would create all manner of economic and political problems for the region… well, apart from Tony Blair and John Major five years ago and many times since. And apart from the Irish government until they were sick of saying it, and the European negotiators who kept trying to spell out the realities, but were met with Johnson’s populist bluster, and Frost’s insistence that things would work out fine!
Indeed, Mr Tibbles, you are thinking along the same lines as Blackrock who are shifting out of government bonds into real estate. It's just another example of the move from public to private assets. Even our Boris is beginning to get a taste of the people's lack of confidence in government. We're dosed to the eyeballs with experimental vaccine and now we want our freedom back! It's only the start of things. The 'private bubble' won't even burst until the early part of the next decade.
There's nothing like a bit of 'shock and awe', or should that be 'Blitzkreig?', to frighten the poor underlings. I suspect the shorters are scrambling out of positions while the rest of us are too stunned to even think straight. However, I'm glad to see one poster has suddenly become 'brave' overnight.
Life's a bowl of cherries - if you're a blackbird!
Hi Mr Gnome,
I haven't read the information you kindly gave links to in detail yet, so forgive me if I have misunderstood these corporate bonds so there are obligation or penalties due if selling corporate bonds during the 10 year term?
So they are really another form of managed investment funds in a number or range of companies (which may change over time) for which those managing the funds most probably charge handsome management fee's and in return they guarantee an income at the agreed rate on profits to the investor?
Seems a nice little earner for the those managing and trading the bonds with pretty mediocre returns in comparison , albeit guaranteed to the investor?
Hi Mr Gnome, Thank you for the explanation and links, in my view with inflation and the poor rate of return I can see no point in tying up money for 10 years in UK government bond's NS&I.
Some hopeful election results
https://www.msn.com/en-gb/news/uknews/boris-johnson-warned-dozens-of-conservative-seats-will-fall-after-stunning-lib-dem-by-election-win/ar-AALaJUa?ocid=msedgdhp&pc=U531
Mr T
10 year government bonds are assets which mature in 10 years. What happens between now and 10 years time is dictated by the investor appetite for the 10 year bonds, which are sold on various exchange/market.
https://www.australiangovernmentbonds.gov.au/how-invest
https://www.bondexchange.com.au/invest-in-bonds-with-abx/
Personally I (and an increasing number) prefer Corproate bonds, where one can pick and chose the corporation. Some are much more reliable than governments in returning a decent ROI !?
https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Economics/deloitte-au-economics-corporate-bond-report-2018-030518.pdf
cheers
the gnome
Hi Mr Gnome,
What I have difficulty understanding is the way 10years bonds are bought and sold, surely the buyer of a 10 year bond is committing to hold it for that period in return for that rate of interest?
if an ordinary individual opens/buys bonds at a bank/building society or even UK National Savings Bonds they are required to tie their money up in that bond for the full agreed period to get that rate of interest, if they close the bond early they have to pay a penalty and forfeit interest.
Yet it seems 10 year bonds are being bought and sold over more like 10 days?
Is this yet another case of one rule for the ordinary investors (Plebs)and another for those that control and manipulate the markets?
No wonder the markets are so volatile when it seems the rules under which they are supposedly regulated are open to such inconsistency and blatant irregularity, or am I missing something?
Tibbs
What a last 24 hours in thed fin markets, not just for gold, but for just about anything. The Oz currency plummeted 1 per cent to as low as US75.98¢ , the US dollar surged 0.8 per cent in a move that went against the expectations many strategists had pencilled in for this year.
The comments from the Fed “had a profound impact on currency markets,” said NAB’s head of FX strategy, Ray Attrill. “We’ve had our forecasts at US80¢ for the end of the [June] quarter. That’s now being seriously challenged.” (trashed?)
A sell-off in US 10-year bonds pushed the yield up 8 basis points to 1.58 per cent while inflation expectations, as measured by breakeven rates, dropped, creating a favourable setting for the US currency.
“You had this background where many traders were short the US dollar and long the euro, and what we saw last night was the Fed conceding that economic dynamics are good enough that tapering discussions have been given the green light,” said ANZ FX strategist John Bromhead.
Powell emphasised that this was an “extraordinarily unusual time”, and emphasised that forecasts for the timing of future interest rate hikes should be taken with a “big grain of salt”. In fact taking note of what 500 or so PhD economists think has got to be a red flag at the best of times. The power bequethed to these fine brethren is frightening.
IN fact all bets on the future prices of anything would have to be with a grain of salt, except, real income producing assets?