I really am going to ditch my FT subscription. The financial information I need to keep ahead of the curve is currently too often buried by a great steaming heap of poorly informed, but very well written op-eds. As for the rest of the press, I’m more inclined to read the National Enquirer or Fortean Times for serious information at the moment. Dear me. The BBC is a joke. The Times and Telegraph aren’t much better than the Wail. The Guardian is full of clickbait op-eds. CNN, MSNBC etc are too busy taking pot shots at Trump. The main Canadian media channels are bought and paid for by our taxes, so they’re little better than trolls or bots. When it comes to real news it’s like the western mass media is in some alternate reality.
Listening to a Q & A session from 10 Downing Street and later another from the White House, I was struck by ‘Journalists’ attempts to finger point and assign blame rather than dig out the real numbers, which is where any worthwhile information resides. It seems that we are poorly served by our mass media, who currently resemble a crowd of dancing monkeys, each desperate for their moment to please and garner a few pennies in their cap whilst delivering nothing of real value.
Then there are desperate for attention ‘celebrities’, virtue signalling and lecturing the rest of us from their fan bases without actually helping out. Some preferring to sing that idiotic Lennon song ‘Imagine’ on a YouTube video, pretending to show us mere mortals that they ‘care’ (Yeah, right). Lennon’s tune is a pleasant enough sequence of notes, but otherwise completely vacuous. It really is like being lectured at and talked down to. And I for one don’t care about air head ‘celebrity’ politics or morals because both derive from a moral vacuum. They can roll around in a cloud of cocaine until their noses rot and bugger each other senseless as far as I’m concerned, but so long as it happens behind closed doors and I’m not expected to like or pay for it, have fun guys.
By way of contrast, might I point to the example of James McAvoy, actor, who has donated GBP 275,000 of his own money to an organisation equipping NHS frontline staff with masks, then rolling up his sleeves and volunteering. Much Kudos and respect to that man. It’s his money. Besides, volunteering will get him an excuse to be out of the house with something worthwhile to do whilst this emergency is on. The fact that such a donation will also be tax-deductible is fine by me.
Speaking of tax, my bill has almost tripled this year, which I’m not totally ecstatic about. This is because Mrs S and I made quite a bit on investments in the last tax year. Unfortunately much of these profits have since evaporated in the current economic downturn. So effectively we’re back where we started at the end of last year. Notwithstanding, I’ve still got my ‘walkaway money’ and our investments will recover, but in the meantime the taxman takes his bite regardless, so I’m down. Significantly. Even though I’ll make it all back and then some in the next 6-12 months.
Nobody likes losing money through no fault of their own, least of all me. But here we are.
Little Blackface needs our money to buy that seat on the UN Security council. Although with the (local) price of gasoline down to under a dollar a litre at present, which is about 56p / litre! You heard me, Fifty six pence per litre, he might have to wait a while for that extra carbon tax money. For example, up province in Prince George, the price of 87 octane has dropped to under seventy five cents a litre, which translates at current exchange rates at 43p GBP (forty three pence) per litre, although I’m not driving that far for cheap gas. By comparison, in December 2019 we were paying 1.40 a litre (80p / litre). All I have to say is, long may the Russo-Saudi oil price war continue. That price war, more than the Wu-flu or mishandling rail blockades by NGO’s posing as First Nations could well be the deciding factor in Trudeau’s well deserved downfall.
Although you’ll never hear that from most of the bought and paid for dancing monkeys. Never mind about the Wu-flu plague.
Quick financial tip; watch for a series of possible (Probable) sovereign debt defaults by certain African nations. They’re deeply in hock to the Chinese and European banks who are all over extended in that region. That is where the next financial crisis will be coming from.
As for the reports of China ‘opening up’ and coming out of lockdown, the Indian English language site video below paints a very different picture. Even if it is someone else’s propaganda.
(Watch this space. Someone is playing silly buggers with YouTube shares – fixing)