Category Archives: Economics

The USA has lost the Iran War

By denying the Saudi government vital help in their war against the Yemeni Houthi the USA has admitted defeat. There was no fanfare but that’s what it amounts to. Abandoning the Saudi at this moment sends a catastrophic signal to … Continue reading

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Getting value for money from the defence budget

The £300bn the government will spend between now and 2030 will largely be wasted because warfare has changed. Using the two current wars as a blueprint the suggestion is that the defence budget (in part) be used to pivot Britain … Continue reading

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Why the defence budget is squandered

The defence budget is going to explode in the next three years. £300bn will be spent by three ministers none of whom are military men. They will be advised by the Chiefs of the Defence Staff. They are all career … Continue reading

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Black Lives Matter: Schools in 1940s south Carolina

The local white schools had brick buildings, running water, flushing toilets, and strict bus routes. The schools for Black children were wooden cabins without electricity or indoor plumbing. Heat came from a single wood stove. Books were hand-me-downs from the … Continue reading

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Book Review: Roberto Saviano ~ ZeroZeroZero (2013) (Translator Virginia Jewiss)

I recently read Oliver Bullough’s Everybody Loves Our Dollars (2026), which describes the *Money Laundering Industry*. The city of London’s finest feature: Banks, financial professionals, high price lawyers, estate agents, stock market and subsidiary organisations. He said: The amounts involved … Continue reading

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£8.4bn down the drain: Nuclear submarines

£8.4bn down the drain – YouTube In 2020 I wrote a blog which covered some of this territory but was far more detailed. If you turn to that blog you’ll catch the flavour of the intellectual context. The Royal Navy’s … Continue reading

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An unambiguous advert

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Sir Francis Drake’s Piracy and 400 years of Compound Interest

For I trace the beginnings of British foreign investment to the treasure which Drake stole from Spain in 1580. In that year he returned to England bringing with him the prodigious spoils of the Golden Hind. Queen Elizabeth was a considerable … Continue reading

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The strategic use of ‘Fear’: Iran 2026

The USA is spending billions of dollars in the Iranian war.1 Strategic fear comes more-or-less free. Like all strategies it requires management. The Mafia knew this long ago, and immortalized it in the phrase, “I’m going to make you an … Continue reading

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Bezos and Musk compete again

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