On Food, Photography, Post Oil Transport and Living Blog, sometimes with Politics.
Friday, July 8, 2016
Where Do We Go From Here?
Another American institution was destroyed this week through officially endorsed corruption. And she'll probably be the next president despite being shown incompetent or evil. Apparently, all Democrats in my state don't care and will vote for her since they can't vote for Bernie the Communist. Federal government is a laughingstock. Sigh.
The Brexit vote for the UK is still having a ripple effect in the stock market. I remain unclear on which businesses will be impacted by trade and currency-influenced pricing changes and tax differences now that Britain is leaving the EU. Some say it will take 2 years for Britain to exit the EU, but others a few months. I suspect its closer to months. The impacts I've read about so far that actually matter are import and export paperwork increases. That means Carney-paperwork so cross-border excursions get more expensive and slow, thus reducing such projects. Top Gear benefitted from the EU agreement, according to Clarkson and May. Every camera needed Carney paperwork before the EU and they'll need them again. This may affect planning for the Grand Tour program since they'll be crossing borders often, and it might be beneficial if they move their headquarters to an EU country, officially, and retain mobility and simplicity.
The Grand Tour, the new motoring show from the Top Gear staff now on Amazon, is still going to be about cars and travel, and while the new Top Gear on BBC has flopped spectacularly, which is unfortunate, the old crew with new funding and no feminist Man-Haters screwing with their budget or trying to get them killed, Clarkson and May and Hammond should be offering a proper show, eventually. As a fan of their prior program I await it with interest.
Other impacts of the Brexit are less certain. Britain is a major grain exporter to the EU. Increased taxes on their grain, often a retaliatory consequence in such cases, will mostly hurt the EU poor rather than British farmers. Famine and food riots can be avoided by money, but the UK escaping the Derivatives Bubble in Spain, Portugal, Italy and most especially Greece, caused by German bankers investing in bad real estate scams in those countries, then demanding that British and French bankers bail them out? Could France exit the EU next? What about the Scandinavian countries? The Southern EU nations, with all the real estate bubble debt, are the ones who gain the most by bailouts of their bad investments, although in many cases the investments were by foreign bankers and real estate scammers who funded the purchase of land and construction of all those apartments and homes, many of them empty today. As a resident in a region famous for Ghost Towns, I am quite familiar with this. Cities only exist when there's either a resource or geographic reason to stay there, preferably both. When its ONLY a resource, that place empties when the resource is gone. In California that often means either gold or water supply. And water supply isn't often enough by itself. Geography is usually more important, thus the old Real Estate Agent saw: "Location, location, location!" Paying for these apartment complexes in Spain and resorts in Greece, which only existed because a plane ticket from Heathrow and Berlin to these warm and sunny resort towns was cheap 10 years ago (and that price increase ended the trend), is the primary boondoggle of the entire derivatives market mess for the EU. And its still trillions of Euros, which basically bankrupts entire currencies and means instant replay of the 1929 stock market collapse, only today there's way more unemployed young people, religious extremists, and serious potential for both genocide and nuclear weapons use. It would be bad. Islamic fundies have made themselves and their families targets for the rage of all those Catholic youth without jobs. They could be utterly wiped out, not just from Europe but possibly everywhere. As far as Europeans are concerned, a war of religious genocide is better held overseas than turned into ever more vicious wars at home. WW2 could be replayed, after all. It was the German Bankers that caused the collapse. I don't think the young people have forgotten that, even if their banker-owned media don't talk about it. Angela Merkel was elected using German Banker money, and its why she's so loud about demanding EU bailout money for her sponsors, rather than letting them Eat Their Failure. Sigh.
The USA and UK have reasonably good ties, and I suspect that the Jaguar and other UK cars will get cheaper thanks to the falling Pound. This will be good for them and us. While Clarkson and May tend to mock America, they also express a certain awe for just how LARGE America is, and how many roads there are to drive on, and how you can cross borders without stopping, unlike the EU. I know that neither candidate is likely to make much headway on maintaining those roads, since most of that work is contracted, and managed by the states involved. Still, I can hope that sane people will ignore the collapsing federal government and stick to maintaining the critical infrastructure as long as they can. Our roads and bridges need to stay up. Collapses like the St. Paul bridge shouldn't happen again, but probably will. It was typical communist indifference that caused that. The inspection funds were diverted to more populist socialist programs like children's cheese, and 80 people died. That sort of viciousness is what Socialism is really about. Think about that the next time you vote.
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