Little Nicky’s Anti Corporatism Week

It wasn’t planned (nothing on this or my other blogs ever is) but this has turned out to be anti – corporatism week:

One day we post a long article on how the corporate cartel is taking over the world, the next we read very credible information showing the corporate businesses that make up the cartel are being bought up by the central banks. Now nominally the central banks are owned by government, i.e. we the people. In reality however most central banks are controlled by the rothschild banking dynasty which hold jaw dropping amounts of government debt. WTF is going on?

Read more:
If Free Market Capitalism Is The Global Economic System, WTF Is This All About?

While the left wail and gnash their teeth over the evils of capitalism and when they need a change scream and shout accusations of ‘racist’ anfd ‘bigot’ at those who try to enlighten them, the problem in the world is not capitalism but corporatism. And as Italian Fascist leader Benito Mussolini said, corporatism is fascism. Learn how the dupes who think they are left wing are helping fascim succeed in the article below.

Read more:
Corporatism: Government of The People By The Technocrats For The Monopoly Men Of The Global Elite

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Bilderberg hijacks Britain’s $60bn defense budget

It’s getting close to Bilderberg time again folks. More leaks, speculation and … OK sometimes whacky conspiracy theories about what the global shadow government have been and will be getting up to.

We reported last year how someone had carelessly left behind in a conference room at The Grove country house hotel and conference centre in Watford details of how the Bilderbergers planned to rig financial markets in order to steal our money.

Has anyone noticed how weird the markets are these days, particularly stocks and shares. Each morning the FT, Dow Jones, Dax and others open sharply higher than the previous evenings close.

This prompts a “me too” panic among traders who pile in sending prices even higher. Later in the day the big players start dumping stock and the smaller investors panic and follow suit, enabling the big boys to use their operators in the far eastern markets who trade overnight while our lads sleep, to buy cheaply and repeat the exercise ready for traders in the west to ramp up their opening prices.

Technically it is known as High Frequency Trading, the trades are made by computer which is why the banks can pull the same scam again and again (Artificial Intelligence my arse, comoputers are really very stupid) colloquially it is pump and dump which better describes the dodginess of it.

Well the plans to use the technique in a global scam rather than locally was detained in the Bilderberg link I provided.

Not content with rigging markets and stealing our pensions and saving however, it seems the Bilderbergers are now setting their sights on controlling the war machines of major military powers.

From Russia Today
Democracy had another near-fatal stroke, and the military industrial complex further tightened UK defense spending with the appointment of ex-army officer and Tory hothead Rory Stewart MP as the new chairman of Westminster’s Defence Select Committee.

Last week the Home Affairs Select Committee delivered a damning verdict on Britain’s defense and secret service oversight, on taxpayer accountability. It said the refusal of the director general of MI5, Andrew Parker, to appear before them and lack of any effective supervision was “undermining the credibility of the intelligence agencies and parliament itself.”

Surely nothing could surpass the ‘Dodgy Dossier’, the criminal conspiracy that led to the US and Britain, as the Arab League put it in 2003, to ‘Opening the Gates of Hell in Iraq’? But with Stuart’s appointment to oversee public scrutiny of UK military spending just two weeks before NATO’s political cabal of which he’s a member, the Bilderberg conference, meets in Copenhagen later this month, it is clear to those who still have eyes to see that those bloody lessons have not been learned and the worse could be yet to come.
The most powerful private club in the world

In their Christmas 1987 edition, The Economist described Bilderberg as ‘Ne Plus Ultra’ the most powerful private club in the world. Its power has certainly not diminished as the decades have rolled by and neither has its secrecy. Although it began with trades unionists and powerful people it wanted to persuade, in its final days Bilderberg has boiled down to a rotten core of bankers, royalty, arms industry, oil and media barons and Rory Stuart MP, in the tradition of Kissinger, Blair, Cameron, Osborne and Balls, has thrown his lot in with them.

Continue reading:

European Commission puts business profits before the needs of the world’s poorest.

You are about to be mugged (and there is nothing you can do to stop it)

The FDIC (Federal Deposit Insurance Corporation)has drafted secret plans to loot bank accounts; yours, mine, everybody’s – and don’t think the fact that you voted Labour will buy you an indulgence, were you really so gullible as to think those elitist champagne socialists scumsucking scab lice cared about you?

This news is hardly a surprise, apart from the fact it has been talked about openly (though not reported in mainstream media) since the big bankers and global government brigade go away with robbing Cypriots, it was inevitable really. Kleptocracy was already the financial policy of supra national bureaucracies before the slow motion collapse of the Euro began. Market analyst Graham Summers explained, “Depositor theft is coming. Europe is banker occupied territory. So is America.”

Finance is the new form of international warfare. A market stitch up can wreak more havoc than than standing armies. The Banking giants,run things. Rothshilds via Goldman Sachs, Bank of America, Citibank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are the American institutions on the list.HSBC, Lloyds, Barclays,BNP Paribas,Deutsche Bank, Societie General, Commerzbank, UniCredit, UBS Switzerland, Credit Suisse, Ings, Santander, Nordea, Mitsubishi UFJ, Mizuho, Sumitomo Mitsui Banking Corp and Bank of China are those listed by Forbes Magazine as too big to fail.

They are also too big to be concerned about cross border disputes and a bit of foot stamping by petty tyrants like Fat Boy Kim.

And of course, they and their political lackeys see no reason why the diempowered individuals of Cyprus or the nations of Europe and North America should enjoy protection when banks screw up.

Cypriot officials agreed to tax citizens’ savings accounts. Canada, New Zealand, and Euroland member states have already announced they plan on doing the same thing. The Obama administration in the United States of America have admitted the idea ‘has been considered’.

The Official name for such government kleptomanis is “bail-ins.” In plain English we would call it theft. Instead of breaking up, nationalizing, or closing down failed banks, funds sequestered from depositors will keep them operating.

Commercial Banks, Central Banks and governments must have known the money printing madness (Quantitative Easing, Stimulus) could not go on forever. Since 2001, major currencies have held value against each other thanks to cosmetic exercises in market fixing but have all taken around a 50% devaluation against major traded commodities. Regulators like FDIC no longer have enough money to guarantee deposits. It’s simple arithmetic.

Ordinary people, from the modestly rich investor to granny’s savings account have trillions in bank accounts. It’s low-hanging fruit, such people have neither the ability to move money offshore not to hire expensive lawyers to protect them as the seriously rich can. Punters’ nest eggs are a treasure trove begging to be looted. All that’s needed is a bit of legislative jiggery pokery to make theft by government’s lawful.

It has been approved in Canada. Obama’s kleptocratic goons are drafting the law for America. The E U is talking about extending the grab from Cyprus to other troubled nations in the Eurozone.

“What happened in Cyprus isn’t a ‘one-off,’ ” says Graham Summers. “When systemic crisis hits, things happen FAST and FURIOUS.”

Cpyriot bailout negotiations had been going on for months, the nation’s financial situation was known two years ago. But in the end the entire banking system fell apart in one weekend.

Banks shut their doors. Restrictions on movement of money were imposed. People couldn’t write checks. Cash machines were switched off. People were deprived of access to their funds. When the banks reopened only limited amounts could be withdrawn. Strangely the seriously rich were tipped off and their money left the Island before the crisis. The thrifty and hard working, uninformed of what was coming are now left to pick up the tab.

Think it can’t happen here? Think again. It’s coming. Proposed FDIC legislation lets it “take control of banks it deems systematically important and write down your savings (and other bank accounts) as part of the bail-in.”

What is happening is wrong and criminal. It provides a veneer of regulatory cover at the expense of the economy, sovereign states, local communities, and of course ordinary people who will be hit hardest.. It’s a scam. Like global warming, like green energy, like globalisation, like Quantitative Easing, it is a racket conjured up to try to disguise the fact that the global economy and the fractional reserve banking system are screwed. But what really matters is it lets Wall Street, The City of London, Hong Kong and other financial centres carry on with business as usual.

What are we going to do about it?

No bank is safe
From Bail Out To Bail In
IMF backs bank bail in powers


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How to create wealth out of thin air

Politicians love to talk about encouraging entrepreneurs to create wealth,provide jobs and revitalise zombie economies. But entrepreneurs do not create wealh, they move money and goods around. Only the banks and the finance industry can create the wealth that drives the economy. Bankers do this by using asset values as collateral for loans. Learn how the system works and how it failed ….
Creating Wealth

EU Chief Von Rompuy – Pumpuy Wants To Shaft You Through The Back Door

Bit late with this, the story broke yesterday. It’s worth a look however.

The National Socialist Government of Federal Europe is making another bid to get its hands on the controls of the British state. Yes, that dirty little Belgian bastard Von Rompuy – Pumpuy is trying to use the Lisbon Treaty to transfer control of Britain’s finances to Brussels. In other words The Bastards of Belgium are trying to stick their Federal superstate ambitions up our national arse.

Now this story comes from the Daily Mail and we normally treat DailyMail EU scare stories with some scepticism. This one does check out however. Well we told you the Bureau Rats of ?Brussels would not give up on their dream of world domination – ever.

Von Rompuy – Pumpuy is trying to fuck us through the back door.

European President Herman Van Rompuy intends to use a report on the economic crisis to press for sweeping reforms that will ‘strengthen economic governance in the EU’.

“Ah but aren’t you over – reacting Nicky?” you might well ask. After all Big Society Dave promised us a referendum on any further transfers of sovereignty to Brussels. He did, and that’s why Rompuy – Pumpuy is trying to stick it up us the back way.

Mr Van Rompuy also suggests that ministers should sidestep calls for a new treaty and try to force through the new measures using existing powers under the Lisbon Treaty.

“Yeah well no worries,” you say, “if Dave says he will look after us we can relax, he’s a much bigger bloke than Von Rumpuy – Pumpuy and he’ll see us right”

You think?

Don’t forget Dave is a former Public School Boy so he will be used to taking it up the arse.

Downing Street has indicated that David Cameron may be prepared to trade agreement on a new treaty in return for a deal to cap the EU’s runaway budget.

Now don’t you wish you had taken UKIP a bit more seriously at the election?

Hat tip to the Grumpy Old Twat for pointing us to this one.

The Daily Stirrer
Congnitive Dissonance, Hypocrisy or Naziism: EU denounces democracy

What Do The Bilderberg Bastards Have To Hide?

One of the most important meetings in the world, The Bilderberg Group, took place over 6 days up to the 18 May. This group comprised of the world’s leading politicians and businessmen and financiers meets annually but little is known and even less reported of what goes on. Why is that do you think? And why is the meeting’s venue surrounded by a level of security that makes the inauguration of a United States President look like a church coffee morning? The lack of openness, the paranoid suppression of news reporting and the heavy handed treatment of the few journalists who have got past the security suggest if we knew more about Bilderberg we would not like it. We must find out more.

Read full article with links to stuff by long term Bilderberg watchers at The Daily Stirrer post Bilderberg Bastards

Fruitcakes, Financial Crisis and Guido Fawkes

Little Nicky Machiavelli has grown up and doesn’t play around much now. These days he is working for The Daily Stirrer where today you will find some vigourous stirring on these topics:

Who Are The Fruitcakes Now
UKIP leader Nigel Farage thinks now Ukip’s policy to reduce tax on low wages has been taken up by Oxfam ans other poverty relief agencies his party is well on the way to breaking into the mainstream. Who are the fruitcakes and loonies now? he asks. Well bearing in mind the Lib Dems had the same policy years ago and it did not do a lot for them…

Extreme Right Cherish the financial crisis
Financial turmoil helps populists such as Geert Wilders; to beat them we must come clean about how we got in this mess say the authors of this article. Well OK so long as we really come clean and don’t try to hide behind politically correct eyewash.

Guido cofesses
Blogger Guido Fawkes comes clean on how he slighly exaggerated a jounalists complain that Guido had slightly exaggerated the stupidity of questions asked by the journalist about the Damien McBride / Dolly Draper smear scandal.

Could the recession have been predicted?

The government is standing by its unfeasible claims that the recession could not have been predicted.

Here Chris Colvin attempts, quite successfully, to show how plotting the movements of the Gross Domestic Product (GDP) could have enabled economists and treaury ministers to see what was coming.

Little Nicky Machiavelli says there is no need for Colvin’s graphs, worthy as they are. The astounding thing was the recession needed to be predicted, after all it has been with us since 1991.

We are still in the recession of the early 1990s, caused by the collapse
of the industrial base after it had been undermined for over a decade by the economic lunacy of Margaret Thatcher’s government.

The recovery and sustained growth which continued through the 1990s and until 2007 was an illusion of accounting created by writing up asset values to insane levels. Those who looked past the smoke and mirrors to see what was really going on had been warning since the millennium of the inevitable crash.

Now we are less well placed to cope with the collapse of globalism because thanks to the free market obsession we have outsourced all the real, wealth creating work to low labour cost economies and are left with a candy floss economy.

See veteran agony aunt Claire Rayner podcasts here on how the recession is truly a depression in the making and politiciand and business leaders do not have a clue what to do about it.

Magic Money

Comic verse on the recession from Ian Thorpe: The Slug and the Snail

Greenteth Multi Media
bog of blogs
A Tale Told By An Idiot

Around the blogs – 9 Oct

We’re expecting big news from the American election trail overnight. As usual Little Nicky Machiavelli will be ready to point to the really interesting stuff we do not see in the British Press. Until that story break however here are a few more local issues:

We’re all socialists now Teleraph columnist Simon heffer thinks the bank bail out has truned us into a modern version of the Soviet Union.

All Hail The Bunha Bail Out The government’s plan to rescue the economy was hatched over a takeaway curry. I’ve made better plans over takeaway curries before now, but what was on Alistair Darling’s order

Time to grasp the fiscal nettle The only way to steer the world back to reality after this crisis is to accept that just because someone says an asset is with £Xmillion, that does not mean it is actually worth anything.

The Age Of irresponsibility – When did it start asks political commentator Michael White of the era that has just crashed and burned. When Thatcher abolished legal constraints on the rich or did the irresponsibility begin before that?

And finally… a welcome bit of humour from the American election, A comic book look at McCain and Obama

The One We’ve All Been Waiting For: The Credit Crunch..

It’s here at last folks, the show you have all been waiting for, The Conservative Party Credit Crunch Conference. How interesting it will be as Lord Snooty Cameron and his Pals take centre stage to hear what they have to say about the meltdown of the global economy and the irresponsibility of the Merchant Bankers who caused it. Especially when you remember Lord Snooty and his Pals were at school with that very same bunch of Merchant Bankers. In fact some of Lord Snooty’s chums used to be Merchant bankers when they were younger but, we hear, now they are serious politicians their tastes have matured and they can only be satisfied by a couple of visits a week to Nanny Whiplash.

No doubt as the chums take the podium they will unite behind Lord Snooty Cameron in blaming the hapless Gordon Brown for the crisis. Fair play, he was in charge of the tuck money for eleven years but we must not forget it was Lord Snooty’s Party, The Conservatives, led by Margaret Thatcher who kicked off the economic madness that led to the bubble and squeak economics of the past quarter century by a hasty and ill though out package of deregulatory measures.

Before Thatcher’s disastrous meddling on behalf of her hubby’s cronies, short selling, known by the much more sinister sounding name of arbitrage, the process of selling something one does not own in the expectation of buying back the asset more cheaply before returning it to the owner at a profit was illegal. People could go to prison for it. So was arbitrage a restrictive practice holding back markets or just good sense.

Whatever we think, short selling, in effect betting on stock market movements, was so lucrative that trade in “derivatives,” administrative vehicles facilitating such trades, became more profitable than trading in boring old stocks, commodities and bonds. The risks became greater too but nobody mentioned that.

As time passed the Merchant Bankers became more greedy and took bigger risks. They were not risking their own moolah of course, oh no, they were betting with your pension funds and personal savings.
There have already been two financial disasters, in the early 1990s and the dotcom + 9/11 bust of 2000 and 2001. if once is unfortunate and twice looks like carelessness to paraphrase Oscar Wilde, then three times is downright stupidity.

So it will be a tad hypocritical for Lard Snooty and his pals to stand up and condemn the Labour Party for mismanaging the economy. They were simply playing the game invented by the Conservative economists with more flair and panache than the Conservatives have shown.

So it will be like blaming Brazil for England’s decline as the foremost footballing nation.

Suicide is back In Fashion

As conflicting reports about the depth of the world’s economic woes continue to be issued (Today a sensible, level headed independent report said the credit crunch is not over and house prices have a long way to fall, yesterday some plank who runs a bank was saying house values will increase 25% in the next few years) a huffington Post writer comments on the upsurge of suicides in the US where the recession is deeper than ours.

The suicide solution

Some people are still saying the ecomonic meltdown is just a blip.

How deluded can people get. There are “experts” out there still saying the economic crisis is just a blip, a market correction.

What planet do they live on?

Rising costs and an economy sustained for too long by unserviceable levels of debt combine to make this the most serious crisis in over a century. And all the politicians can think of is policies that will fuel another bubble.

The psychiatrist Harry Stack Sullivan once commented on “how suavely we simply ignore great bodies of experience, any clearly analysed instance of which might present us with a very real necessity for change.”

Today we also looked at:

Gazza – how to make a bad situation worse

How to save £50 billion without even trying

The mirage of meritorcracy

Britain Should Learn From Switzerland

Bush Knew Iraq Weapons Report Was False


The Population Timebomb
As food shortages threaten to lead to war and humanitarian disaster John Feeney asks the question Little Nicky’s blog posed six months ago, is it time to face up to the need for population control.

Race Issue Dogs Obama
Will the race issue derail the Barak Obama bandwagon before he even secures the nomination?

A Brighter Outlook For The Economy The markets and the people who write about them are amazing. Nine months of consistently worsening financial conditions was dismissed as a “blip.” Now a one day knee jerk surge in share prices has them all scrambling to claim “the recovery has begun.”

Base Instincts The way polls are going across the pond suggests America’s democrats, like New Labour in Britain, have lost touch with their core vote.

The Great Conspiracy and The Parking Scam

One thing that exposes the hypocrisy and deceitfulness of all the weasel words spouted by politicians about “community” is the conspiracy between all levels of government, supermarkets, internet shopping ventures and property developers to squeeze out of existence the independent traders that used to fill our high streets.
The effect of this is to rip the living heart out of communities that have evolved over hundreds of years.
The most noticeable aspect of the conspiracy is the cost and difficulty of parking a car anywhere in town that is in safe walking distance of where you need to be.
On top of that, the draconian penalties imposed on people who stay on a meter two seconds over their paid for time and the practice if contracting out parking patrols to private firms whose untrained operatives are paid bonuses for exceeding revenue targets and we have a driver hostile town centre environment.
Many more people might be happy to leave their cars at home and use public transport had public transport not been all but abolished by Thatcher’s privastising pirates. But that is how the scam works, promise people freedom of choice them remove all choices except compliance with the interests of big money.
Free parking on municipal car parks is a thing of the past and had the property bubble not burst municipal car parks would have been a thing of the past very soon too as authorities raced to sell off all available land to property developers.
Challenge the Town Hall though and a bureaucrat will say that when car parks are sold for redevelopment, alternative spaces are provided elsewhere. This is a fine example of that age old political too the lie that is not untrue. While new parking spaces are indeed being provided these are usually close to a big shed development on the outskirts of town, well away from the traditional town centre. The units available are far too big and expensive for local independents and so are occupied by national and multi-national retail chains. This type of shopping facility had no character, we could be anywhere in our nation and not notice a difference. A Briton in America or an American in Britain would only notice that some of the names are different.
The needs of the shoppers are secondary to the needs of the money men.
Thus when redevelopment in a town is considered, the planning applications of big corporate chains are fast tracked while those of independent stores are bound up in red tape and steered into the labyrinth of local planning regulations.
Town councils have a duty to provide certain things, both as public services and business enterprises. For a town to function as a community, retail areas, public spaces, leisure facilities from sports centres to theatres and pubs are needed as well as those necessary services like waste disposal, street lighting, hospitals and schools.
Neither Town Hall or central government has a duty to pander to the interests of big business, especially when we consider the lengths to which big business will go to avoid national and local taxes.
Local and National administrations are immersed equally deeply in the brown smelly stuff that flows abundantly from all activities where big money is involved. Even the media are complicit. How often do we hear or read that the opening of a new outlet by Wal-Mart, Tesco or one of the other Big Unfriendly Giants of the retail world will create hundred of new jobs in a town. They never seem to mention how many jobs will be lost as small businesses are forced into liquidation or have to downsize.
There is no proof of any conspiracy between business and government as supporters of the rabid right will be keen to tell me. That is the whole point of a conspiracy of course, there is never any proof. The way these factions manage to act so unerringly in each others interests could be down to the most amazing chain of coincidences.
On the other hand people who are planning to help each other to gain dominance in a particular field are hardly likely to issue press releases.
So next time there is a rumpus about parking facilities in your town you must make a choice. Either collaborate with the conspiracy or fight. Refuse to pay your fine.
They can’t put us all in prison.

When business calls the clunking fist turns into a wee tim’rous beastie
Obama loses momentum

Tales of terror

Marvin Gaye’s Inner City Blues

Blue Gal

Who Profits From The Food Shortage

One of the objectives of Little Nicky Machiavelli has always been to undermine the spurious arguments of those snake tongued swindlers who proclaim the virtues of free market economics.

This excellent article that raises the question of who is actually benefitting from the global food crisis, which is causing minor hardships to the poor of the industrialised world.

feasting on famine

It explains how as houlsehold budgets in the west are squeezed we should not be fooled by the lies of free marketeers into thinking the hard pressed farmers of Eastern Europe and Asia or even the fairly prosperous farmers of the USA, Canada and Australia are benefitting. The people who are reporting increased profits are the food producers, the commodity brokers and the bankers who finance them. These bankers are the same people who are bleating about needing handouts from our tax money to cover the losses they have made on fraudulently mis-selling mortgages and “secured” investments.

Is anyone stll naive enough to believe all that Thatcherite bullshit about the trickle down effect. The only thing that trickles down is misery.

Free Market Thinking: Privatise the Profit, Nationalise the Losses.

Free Market Thinking: Privatise the Profit, Nationalise the Losses

Do you feel poorer today? You should because each an every one of us is poorer to the tune of £25,000. That is how much it will cost the taxpayer to bail out the financial train wreck that is Northern Rock. Don’t panic, because nobody is going to come knocking on your door asking you to stump up or Lefty and the boys might have to get rough. Think of it this way though, £25,000,000 taken out of the community chest (well it’s only monopoly money isn’t it) is a big chunk out of the funds that should be available to pay for your kids education, your health needs, dental care or you Dear Old Mum’s hip replacement is ten new Private Finance Initiative hospitals (or a hundred new hospitals paid for directly out of public funds.

Put in that perspective, it makes all this talk of free markets, trickle down theories and entrepreneurial skills look rather wan. Free market economics is for idiots, even Bozo the effing Clown could see the flaw in the logic. The pie is only so big and if the most powerful people demand bigger slices it means a lot of people will be left to fight over the crumbs.

This in itself would be fair enough if the Free Enterprise people were prepared to stand or fall by their own efforts. But they never have been and never will be. They want freedom to get rich while remaining attached to the umbilical cord of the state so they are fed by a bottomless stream of taxpayers money. And so long as we have governments led by weak, self serving politicians the Free-Marketeers will never have to face the consequences of their short sightedness, greed and incompetence.

The current crisis is part of a pattern repeated since the South Sea Bubble which occurred in the first burst of Free Market Mania after the totalitarian rule of the Stewart monarchy was overthrown. Then as now people had invested heavily in largely imaginary financial vehicles. Then it was stocks in the South Sea Trading Company, now it is dotcom startups and house prices inflated beyond reason by the greed of the finance system.

This time we might learn the lesson, but I doubt it. The next time some shyster comes along promising that we can all get rich buying and selling things that do not exist, enough greedy little people will fall for it to kick off the whole process again.

Little Nicky Machiavelli does have a solution to the problem though. The next time somebody tells you that capitalism works, that Free Markets are the only way out of our problems or that “what this country needs is someone like Margaret Thatcher”…..KILL THEM.

UPDATED 13 Feb 2009:
Labour are consistent at least, they are extending their Privatise The Profit, Nationalise The Loss policy from finance to other areas. In Transport the new super trains will be funded by private finance but built by Japanese firms, with appropriate government guarantees handed out all round. Read Fast Train To Failure and Real British Enginerring, Real Japanese Jobs to find out more about this pernicious scheme.

The Triumph of Failure

Imagine what would happen to your career if you failed so utterly in every aspect of your job that the result was the exact opposite of what you were aiming for. You would not expect a big leaving party with a strippagram, lots of presents from grieving colleagues, a hyperbolic speech from the boss praising your professionalism and talent and a big fat cheque in appreciation of what you had done.
No, more likely you would be given thirty minutes to clear your desk before being escorted off the premises.
Little Nicky Machiavelli’s definition of social justice is very simple, SAME RULES APPLY, so we would hope that in any business whether the failure was of a low grade hireling, middle ranking exec. or a CEO the exit would be equally ignominious.
Are we all agreed?
Right. So can anybody explain why when a clerk, a shelf stackers or a burger flipper screws up you would think from the reaction they had sold their security pass to Satan as they departed with the words “and don’t expect a reference” ringing in their ears, the CEO of Northern Rock expects his severance package to run to millions while the recently departed CEO of the world’s biggest investment bankers Citigroup, whose wild adventures in the world of sub – prime lending will cost his finance company billions (they’re still counting) will be rewarded for his ffff failure with a golden handshake estimated at $95 million. Even at current exchange rates that’s a lot of money and makes failure an attractive career move.

And we have been told by politicians from Thatcher to Blair and Brown we should admire and seek to emulate America’s meritocracy. When it is put in perspective it makes our current economic plight (and theirs)more easy to understand.

This Is How Not To Run A Hospital

The NHS Trust that runs the renowned teaching hospital Jimmy’s (St. James’, Leeds) and Leeds General is facing up to 1000 job cuts due to its budget deficit.
In an unusually outspoken statement from an NHS Senior Manager, Hugo Mascie – Taylor has blamed the deficit on the new “pay by results” system imposed on all hospitals by the Government. Under this scheme hospitals are paid according to a set tariff for each procedure.
Unfortunately instead of ramming his point home Mascie – Taylor quickly lapsed into mealy mouthed mode saying “The system has exposed the hospitals’ inefficiencies, costs are fifteen percent higher here than the national average.”
Now while the Leeds is a typical general hospital as far as I can gather, Jimmy’s in addition to its teaching function which surely adds value to every operation and treatment carried out because the next generation of doctors are learning their trade there. In that we have the best rebuttal of the government’s bean counting approach to hospital management
Jimmy’s is also a centre of expertise for cancer and cardiac problems. The teaching function must add to costs.. Who could ever predict how many heart attacks and cancers there will be in any year in a city the size of Leeds? Budgets in the NHS must always be flexible, bean counters are genetically ill – equipped for flexibility.
It seems that in looking at this trust’s financial problems we do not need to know the answer to the CEO’s question about how costs come to be higher, what we need to know is how such a short sighted dickhead ever got such a responsible job.
Its an effing teaching hospital Hugo, think about it.
But of course Hugo is just making the right noises in order to protect his pension. He has to be sure he is on message as the New Labour Brunhilde, Patricia Hewitt, has burst onto the stage (to the accompaniment of Ride of the Valkyries) and announced she will personally take responsibility for returning the NHS to financial stability by March.
As the NHS, for reasons stated, is by nature subject to financial instabilities this will be another New Labour exercise in bolting the stable door after the horse has shat.
Has Ms. Hewitt no idea at all of the implications of her pledge (in the event of, say, a flu epidemic, or have she and Blairissimo hatched a secret plan to ration healthcare as the government intends to ration travel miles?
“Appendix out? Oooooh sorry mate, you haven’t enough tokens; hers a couple of indigestion tablets.”
Hewitt has so far only called for more cost cutting and a bit of juggling with contingency funds. You may be sure however when this smoke an mirrors act fails it will be doctors, nurses and other front line staff who bear the brunt. There will be no bean counters getting their marching orders. In fact they will probably hire more bean counters to implement even tighter financial controls.

Slaves to Bricks and Mortar

A couple of weeks ago Little Nicky wrote with some concern of the constantly rising price of homes and said that the plan is to make us all slaves to our motgages.
Today a finance house in south-east England announced the launch of an ongoing, interest only mortgage. The idea is the fanancier buys your house and you pay interest on it for ever. Not just til you die, right, but for EVER!
There is a getout of course. You will be able to bequeathe your debt to your heirs. Alternatively the financier will simply grab your home and sell it again to some other mug.
After “renters” being stigmatised for the past few decades until they are second class citizens, this sounds an awful lot like renting but without any of the privileges.

If you want to know what happened lat week read a magazine,
if you want to know what happened yesterday read a newspaper, but if you want to know what will happen tomorrow read LITTLE NICKY MACHIAVELLI.