Smoke signals

The IMF has an attack of the vapours (again). Snouts in Athens and Berlin seem convinced that the IMF will not be part of the eternal Greek bailout next year – even though the public line hints at  Summer 2013. The Wagnerian Brünhilde in the Chancellery has been informed.

This means of course that the Troika will become the Duoka. Then Berlin will drop out, and it will become The Wanka.

Black Dude in tense mood. The watchword in the White House is ‘don’t make trouble’. This hasn’t until this week been the watchword over at State, where Hillary and her elves have been busy making a war in time for Christmas. The chosen venue is Syria (this isn’t news) but the pace has been stepped up since the Libyan Embassy compound fiasco, following which O’Drama tried very hard to  dump the blame onto Mrs Clinton.

However, somehow last week the President exercised a nuclear option on the Secretary of State, and she then locked herself in the stocks. The deal seems to have included not making any Syrian wars until after The Big Day has been and gone in November. Thus the US Joint Chiefs of Staff now declare themselves “adamantly opposed” to further American military involvement, and former Defence Secretary Robert Gates has been sounding off everywhere about the dangers of a new war.

One begins to wonder if any policy anywhere will be able to move forward until Barack the Empty Suit is re-elected.

The Prime Minister and his legal advice. Thanks to the Independent, we now know that David Cameron shares the same Amnesia gene as Jeremy *unt in relation to emails. Tongues are wagging at full belt, however, as to what it is in the ‘private’ exchanges that Dave doesn’t want to be made public.

However, word reaches me that Jeremy Rhymeeng-Slange will be disappointed if at least two of the e’s enter the public domain….as this will release the iron grip he seems to have on Cameron’s decision-making when it comes to human resource management. In the Groucho Club’s boardroom, events are being monitored closely.

If you want to send me a snap of some smoke, write to


42 thoughts on “Smoke signals

  1. @kfc1404.The most likely result is 1-1,England v Poland,electoral stalemate,an enfeebled new president,confronted with a massive deficit,and crys from Europe to the US to support its unsustainable social welfare budgets(also known as government borrowing),all wrapped up in a failing currency(the Euro),a banking system near collapse,and the prospect of more serious violence in Syria,and riots in Iran,as their version of ‘society’ends in chaos.We are not in a good place…


  2. The USoA will become isolationist (as far as Europe is concerned) over the coming years regardless of the outcome of the election; quicker under the Republicans than the Democrats. The EU will get no help from that direction.



  3. The IMF has been moving towards this since late winter. The BRICS and others threatened to withhold their dues until the IMF radically reduced its dangerous overexposure to Europe. (Sounds like the IMF has the same doubts about the EU as we do.) And preferably, withdrew altogether – since why should IMF money be invested in the world’s richest economic zone? Good question and a radical turnabout toward common sense.

    In sum, the EU should pull its finger out and handle this on its own.

    Ps It looks like the ‘nuclear option’ has been excercised on Christine Lagarde too. (Perhaps her name turned up on the Lagarde List?)


  4. Assuming IMF money buys political influence also, one understands the European involvement. However it becomes more and more obvious that Merkelian opposition makes the plan fall apart in a rather expensive manner for the Americans.


  5. I am indeed until the odds on intrade drop to below 50 per cent, currently 64.5 per cent. Similar odds on the well respected blog in spite of the incredibly close popular vote spread of less than 2 per cent. Better the empty suit than some off the reservation cultist.


  6. Let’s hope so. The pathetic Euro weenies are like teenagers who wont leave home but resent their parents. Time to ncut the umbilical and let them sink (hopefully) or swim.


  7. Wiiliam I still think you are too optimistic. This isn’t going to come to a head immdeiately. It is a slow water torture.


  8. one thing that could bring things to a head that the pressitutes in the MSM are ignoring is a Romney victory, against the odds, that leads to the resignation of Helicopter Ben and an end to QE. This would lead to an increase in interest rates and massive losses in the bond markets, commodities and shares, a recession in the US, until a few months later the policy is reintroduced. The only way out is the inflation route.


  9. Any informed/scurrilous guesses as to what is in those Cameron/Brooks emails or a link to anywhere with any insights? What about predictions of how long it will take for this to blow?


  10. I agree, inflation is now the only way (that TPTB will accept, anyway) to end this drama.

    Seems very much, given the socio-political situation globally, like TPTB have instead decided to have a bash at a big, hot war first, though. After all, much for fun for the tough and well-armed to fund their excesses by stealing the money / resources from Johnny Foreigner than to actually practice sound policy.


  11. I suspect he will.

    Both he and Romney are quite obviously bought and paid for puppets of the elite establishment. But Obama Debt Laden has the advantage of being available for the ‘blame it on the black dude’ dodge if things don’t go quite according to plan and a rethink on how to keep the debt slaves in order is required. Granted, Rom-Com has the ‘weird cultist’ thing going on, if the same is required, but I feel it’s trumped by that ever useful race card.


  12. Sometimes OAH it is only having you be so bloody cheerful that keeps me going.

    I am certain that TPTB agree with you re inflation and therefore it is what we will get. But if that truly is the only way out I think I’d prefer to stay in if it is all the same to everyone else.


  13. “One begins to wonder if any policy anywhere will be able to move forward until Barack the Empty Suit is re-elected.”

    Or when he is dumped. Some analysts in the US think he will be, though I wouldn’t know.


  14. @OAH.@’The markets are always right’ is an old adage,that is frequently misunderstood.Both Greenspan and Bernanke have been as disastrous as our Soviet friend,MarK.You cannot run a democracy where the base rate of interest effectively robs savers.Sooner or later,God knows when, some elected politician is going to be obliged to restore ‘sound money’,with, as you say higher interest rates,the end of deficit financing of welfare budgets,a consequent sell of in bonds and commodities ( but ,not equities after a short term blip,which I will try and catch).The ‘inflation route’ is illegal in the UK, a no go area in Germany,and as a consequence,the US presidential election is a mere sideshow,where the lenders are finally going to restore their price dictating powers to sovereign borrowers.The stunning silence of the man who saved the world,in 2008,Garry,says it all about the calibre of politicians.


  15. Gold for the BNP/EDL….scary times are coming…I see German twitter has banned a far right group; freedom of speech is obviously not.


  16. Except for Muslims of course who can take over whole UK streets, week after week after week, to exercise their right to Freedom of Speech. Fairs fair.


  17. Democracy, Show me one! Sound money will only come after a thorough and utter debasement of the currency. We still have a long, long way to go. I do agree with you on equities. There value out there. Any sell off because of an election surprise or some geo-political event will only create better values. I think we are in the equivalent of 1977-9 right now and the great bull took off in 1982 but you did alright if you bought and waited before the takeoff.

    Don’t agree about inflation route being illegal here. You old mate
    Mark has already floated the idea of much greater inflation rates. Ditto the IMF. Bernanke lauded it in Tokyo a few days ago. The ECB will have no choice. If the Krauts don’t like it they can take their stinking food and leave and the Club Meds under les grenouilles will rule the roost.


  18. I don’t envy the decision that the American people will shortly have to make in this Presidential election its like being asked to choose between Syphilis or Gonorrhoea. They are both equally unappealing.


  19. Here’s a smoke signal for you, John…… troughing MPs at it once again. Renting out flats/houses that WE have paid for, and then claiming rent on another place.
    I am absolutely LIVID about this and hope for a huge outcry.
    And then we hear stories about them getting a 40% or 50% increase in pay!!! We must all make a huge fuss about this.


  20. More Jim’ll smoke signals, saw this posted by Guido Fawkes, so apols if corn – former child-actor speaks out about life running a daily gauntlet of paedos in the entertainment and, latterly, political worlds.

    Sadly few people mentioned in this tale get named, but one of the few that does is your favourite Bilderberger and mine, cuddly uncle Ken Clarke:

    Also the Home Secretary when Jim’ll was given his own keys to Broadmoor, Clarke has now told Leveson that he backs statutory press regulation. I wonder why?


  21. I’m not so sure the “chosen venue” is Syria. The way I read it is that Iran is still very much the chosen venue, but it’s off limits until after the election. One of the primary concerns with a war in Iran has always been the expected blowback from Syria.

    The politicians very cleverly deduced that the public would stomach (ie: ignore) a war in Syria, so they’re dispatching with the “blowback problem” in advance — prior to starting the main show in Iran immediately following the election.


  22. @Lupulco
    From the same site;

    “Life Explained

    On the first day, God created the dog and said: ‘Sit all day by the door of your house and bark at anyone who comes in or walks past. For this, I will give you a life span of twenty years.’

    The dog said: ‘That’s a long time to be barking. How about only ten years and I’ll give you back the other ten?’

    So God Agreed.

    On the second day, God created the monkey and said:

    ‘Entertain people, do tricks, and make them laugh. For this, I’ll give you a twenty-year life span.’

    The monkey said: ‘Monkey tricks for twenty years? That’s a pretty long time to perform. How about I give you back ten like the Dog did?’

    And God agreed.

    On the third day, God created the cow and said:

    ‘You must go into the field with the farmer all day long and suffer under the sun, have calves and give milk to support the farmer’s family. For this, I will give you a life span of sixty years.’

    The cow said: ‘That’s kind of a tough life you want me to live for sixty years.. How about twenty and I’ll give back the other forty?’

    And God agreed again.

    On the fourth day, God created humans and said:

    ‘Eat, sleep, play, marry and enjoy your life. For this, I’ll give you twenty years.’

    But the human said: ‘Only twenty years? Could you possibly give me my twenty, the forty the cow gave back, the ten the monkey gave back, and the ten the dog gave back; that makes eighty, okay?’

    ‘Okay,’ said God, ‘You asked for it..’

    So that is why for our first twenty years we eat, sleep, play and enjoy ourselves. For the next forty years we slave in the sun to support our family. For the next ten years we do monkey tricks to entertain the grandchildren. And for the last ten years we sit on the front porch and bark at everyone.

    Life has now been explained to you.

    There is no need to thank me for this valuable information. I’m doing it as a public service.”


  23. OFF TOPIC I’m afraid, but has anyone but me noticed that the HSBC website has been down for the past four hours? I hadn’t read of any pre-arranged maintenance downtime. Are we witnessing another RBS-NatWest “recovery” episode?


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