Thoughts from Chairman Dan.

Great Read!

It’s been another terrible day for investors in the smallcap Oil & Gas, Mining underverse with stocks plummeting to new lows. I can’t see any light at the end of the tunnel until next year. The losses for some are huge. I read a very good comment on twitter yesterday “With Markets like these the best trade is usually no trade”

I can’t help thinking how prophetic that statement may well turn out to be. Caution needs to be exercised when investing. The fear running through the city is real with Lloyd’s trading at pennies and most banks suffering it’s apparent that there’s real fear of a world-wide crash on the cards. The Americans with the Europeans can only agree to disagree there’s no consensus between countries let alone between indigenous political party’s! Yet again Western Politicians have shown the people that they are incapable of governing using common-sense consensus. Is it any wonder why Europe is on the brink of a monumental crash? Self interested, self-indulgent idiots who call themselves leaders, vying for pre-eminence while the world burns? Leaders of the free world gravy train! They couldn’t organise a trip to the local supermarket without invoking security, cost, health & safety, transport, committees after committees, enquiries, commissions, fact-finding missions, consultants, ethics, minority views and never forget the totally useless parliamentary Debates! Is it any wonder why the Global economy is in such a mess? My old man taught me one very important lesson which has stood me in good stead all my life. “All politicians piss in the same pot!”

It’s time to re-jig the political map the old boy networks of Europe need dismantling. Out with the Sarkozy,Merkel’s,Cameron’s and Clegg’s; In, REVOLUTION Russian style! New political parties are needed untainted by the OLD BOY ETONIAN NETWORKS.  THE ECONOMIC THEORYS of Keynes (as opposed to THE  “classical economics,” of David Ricardo,John Stuart Mill, Alfred Marshall, Francis Ysidro Edgeworth, and Arthur Cecil Pigou. A central tenet of the classical view, known as Say’s law, THE NONSENSE THAT “supply creates its own demand THEORY” are bust and broken, failed hope washed upon a barren shore.)  need to be revisited. The Keynes′ theory suggests that active government policy could be effective in managing the economy. Rather than seeing unbalanced government budgets as wrong, Keynes advocated what has been called countercyclical fiscal policies, that is, policies that act against the tide of the business cycle; deficit spending when a nation’s economy suffers from recession or when recovery is long-delayed and unemployment is persistently high with the suppression of inflation in boom times by either increasing taxes or cutting back on government outlays. He argued that governments should solve problems in the short run rather than waiting for market forces to do it in the long run, because, “in the long run, we are all dead.” Governments need to act NOW rather than leave it to the Markets that caused the problems in the first place. The lack of over-sight and regulation by Governments has caused the current meltdown! It is Government policies that have acted against the long-term national interests of their respective country’s this has caused the problems that we as normal human beings now face. Lack of regulation and over-sight with corruption of policies at the behest of the great & the good while the chattering classes sit it out! The age-old battle of “The haves versus the have-nots is upon us once again!”

Viva!

Daniel