Downfall McBride

Gordon McMental loses it in the bunker over some dodgy emails...

This week I will mostly be...

... re-arranging deckchairs as the good ship Britain crashes on the rocks of economic and political misery.

Merry Christmas.

Is Wikileaks a black flag operation?

With the ongoing "leaks" of American diplomatic messages by Wikileaks, I got to thinking about why would someone do this.

"Follow the money" is usually my first port of call.

I think Assange has been turned. His previous form in hacking and attempts to circumvent computer security has led me to beelive that he is turning tricks for his former tormentors and accusers. He has experience of manipulating and working with anonymous hacking organisations, that knowledge would be worth a fortune in order to create mayhem.

How useful would it be to have a supposed independent organisation working to propagate propaganda? Get the little people, and the equally small-minded main-stream media into a flap about National Security, and you have further need to address the manufactured problem of spies and secret agents.

Got to give them credit, whoever is pulling the strings at Wikileaks is playing a blinder. Assange has been arrested and denied bail in order to keep him away from other journalists. If he's locked up somewhere safe, nobody can ask him awkward questions. If maintains the veil of secrecy and that, most importantly, "something is being seen to be done" by the powers that be.

Naughty Naughty! Tories telling porkies in parliament.

Tories are being naughty with lies, damn lies and statistics.

Left Foot Forward have been keeping an eye on the numbers being used by the Department for Work and Pensions.

Looks like Ian Duncan-Smith hasn't been entirely truthful when reporting "facts" and figures to parliament.

Thumbs up go to Left Foot Forward for keeping an eye on the new bunch of spinners, liars and charlatans.

Euroland being sold off to the Chinese.

With the continued unwinding of the Euro, bailouts and loans, who is really pulling the strings?

The chief architect of the Euro, Germany is finally getting close to acheiving it's dream of being the Head of Europe.

The Germans and their proxy bank, the ECB have successfully duped most of Europe into joining a common currency. A common currency with cross-border interest rates, monetary supply and control mechanisms.

This "one-size-fits-all" only fits one nation. Germany. The industrial giant of mainland Europe has successfully brought the peripheral countries of Euroland to heel. By keeping interest rates low, the ECB has created housing bubbles throughout Ireland, Italy, Greece, Portugal and Spain. There are a lot of people that have agreed to pay over-inflated amounts for bricks and mortar.

The "little people" of the PIIGS are at the mercy of the ECB and the Germans. Those nations are collapsing. Ireland is being encouraged to rid itself of low business taxes in order to pay of it's debts. This will make it worse for Ireland. Low taxation has made it possible for large corporations to operate profitably out of Ireland for the past 15 years. Those corporations brought jobs and money to a country that had been impoverished by financial incompetencies going back to the Easter independence.

Those in the ECB now want to kill off any chance of the Irish getting themselves out of the mire by penalising their taxation model. The EU wants to bring them in line with everyone else. The EUSSR is going to kill off any chance that the Irish have got, bankrupt them and turn them into paupers. They want Ireland to be kept on the breadline so that it has to constantly return to suckle at the teat of the EUSSR, and to gets it's milk, it's going to have to do whatever it is told to do.

The Euro was doomed from the start. Each nation within Europe has different financial needs. Industrial nations need exports, the southern states need tourism and agriculture to thrive. These are two very different types of economy. The hammer of low europe-wide interest rates worked for the Germans, but has led to rampant borrowing by nations that can now not afford the repayments on their debts.

In steps the Germans and the ECB to bail-them out. How much are the PIIGS going to have to kow-tow to Germany to retain any remains of their sovereignty?

As the German proxy bank steps in to provide assistance, they are creating debts owed by sovereign nations. The ECB has no need to keep hold of this debt, it is far more lucrative to sell it on. Make a proft on the backs of the duped millions throughout Europe. Only one nation has the clout to buy up such large packages.

That nation is China. It has vast cash reserves after convincing the West to buy goods and items that depreciate as soon they are sold. China has been using this income to invest in assets that appreciate in value. Not only does China take money from us from trade but it now owns the mortgages that we and our children and our children's children will be paying off long into the future.

People of Europe! You've been had.

UK should expect another wave of Immigration

Again, there will be another wave of immigration to Britain.

Agian it will come not from afar, but from the Irish Republic. As the Emerald Island goes on the beg to the ECB and possibly to the IMF over the next few months, I expect a flight of Irish to the UK.

The port of Holyhead will be busy over the coming years. I expect many Irish will escape the dire straits of the Eire economy and flee to England in order to find work and to pay off their accumulated debts. Northern Ireland is already being bankrolled by Westminster and will see its mainly public sector workforce feeling the pinch. There is no slack within the Northern jobs market, and the Republicans know this.

Sorry Ireland. You had your chance. You rejected the Lisbon treaty only to be asked to vote until you got the "right" result for the EU masters. You took large EU subsidies and pissed them up the wall in a humungous housing bubble.

Ireland: would you like to leave the Euro and join the pound?

Rolls-Royce pulls engines from A380 production line.

An Airbus spokesman in Singapore has been reported as saying that Rolls has pulled engines from the A380 production line in order to replace problematic engines.

This could make an impact on deliveries to airlines waiting for A380 orders to be completed. Singapore Airlines and Qantas still have outstanding orders with the Airbus Consortium.

Rolls-Royce shares have taken a knock since the Qantas A380 incident that saw an engine break apart during flight on the 4th November.