Todays Kaiser report on RT

• • • _We have a saying here in Jersey that I would think is pretty universal, it goes like this; 'If it walks like a Duck, and talks like a Duck.... It's probably a Duck'!
      
      How could a pension fund for American teachers buy toxic debt? Aren't there any economists over there?
      If somebody is in debt, it's because they can't manage their money, does anyone ever think someone who has to pay more interest on a debt, than the borrowed capital amounts to, because inflation has gone through the roof in the last 50 years, that buying the idea that they can make money out of interest installments will make them an income?
      
      These people are in debt, that means they can't pay back the money they borrowed! You can't squeeze a rag dry that has already been through the spin-dryer.
      
      It's morally wrong in the first place, try reading the parable of the talents in the Bible. The principle of investing, is to invest in something that holds a relitive tangeable value, that offers a small regular income.
      
      With the 1980s attitude of 'you have to own your own home', we now have everyone in debt up to their eyeballs. It is genuinely better to rent a property from a good landlord, Paying 50% over what you need to buy, because of the interest you get charged over 25 years for the borrowing doesn't leave much for living. Then the government take a whacking chunk out of it for death duties! What are you leaving your kids... more debt!
      
      Renting, you don't have to pay for structural repairs, your rent is set for each year, and here we are not allowed to increase that rental above the rate of local inflation. That is given out as an official report, and that is the amount that we have to try to increase wages by each year. I would rather drop my % income from a tenent for a year to get continuity, than have my flat empty.
      
      Plus with renting you don't have to pay lawyers fees when you buy and sell the house, or capital gains tax if you decide to sell and settle your debts and go into the renting market. Never get into equity release, that just means you have to maintain the house, and you don't own it.
      
      No it's not perfect because we have got a major problem at the moment with a lot of sub standard accommodation in the non qualified market. It needs investment from private owners to rectify this, but there is a relative status quo. Also we still have a very good social housing stock, that is owned by the island.
      
      Tell you what, we are very good at looking after people's money and making it work for them, We have a very well regulated financial structure, and do a pretty good job. We are also pretty solvent, and print our own money that does actually have a gold reserve. We are linked to the £, but our currency is actually independent. It's very pretty too.
      
      You wouldn't get us printing money to devalue it! We are one of the most respected financial offshore centers worldwide. If you can get a field of Jersey Royals to market, breed the best cattle in the world, innovate some of the best services, like the postal service, build the first pre-cast concrete lighthouse in the world, create wealth in every generation out of the best marketable skills, and you can make your money go further than everyone else, because you are tighter than 4 Scotsmen in a bar, you can make a good assessment of what does, and does not make a good investment.
      
      I just said goodbye to our Canadian cousins. We have had a wonderful few days with them, showing them where they come from. Truly delightful people, and we will definately be seeing them again. We managed to get a good deal of their family tree for them, and can do some more research for ourselves and for them. We took them to their actual ancestral home and connected them with their roots in Jersey.
      
      We had a crab sandwich for lunch today, and then we started talking about fishing, which is what linked our two communities in the first place. They mentioned that all the small Canadian fishing communities are dying out because of overfishing, and they don't get crab any longer.
      
      We explained about 'Hugh's Fishfight'. This is where all the Brits have got up in arms over fish quotas. We want the nets designed better for catching specific fish, and for a lot more fish to be line caught. We won't buy fish now unless it has been caught like this. That pretty soon gets the supermarkets taking note.
      
      We are trying to get the whole catch landed again and the good fish that is normally just thrown back into the sea dead brought onshore so it can be used. Fish is processed into all sorts of products. We don't want the waste of good fish.
      
      _Here's Hughs Fishfight website. Don't just stop with Dolphin friendly Tuna! Get involved with your government and local supermarket! Realise this is a worldwide initiative! Even if you live in the middle of a landlocked country and you buy fish in a tin, you have to help all us sea people make a difference.
      
      www.fishfight.net
      
      I think I might have mentioned this in a previous post somewhere, but when (I think it was Mexico) made a marine park area that was off limits to fishing near their fishing area, within 5 or so years the fish and seafood stocks recovered, and are better than ever. Well done Mexico!
      
      Greed does not make for sustainability, it makes for bankrupcy, whether it is fish stocks, or money farming! Putting huge industrialised trawlers out there is raping the seas and putting the smaller traditional fisherment out of work they have done for generations. It is destroying peoples way of life, and their communities.
      
      Our Canadian cousins said we just don't say anything, we just accept it... I said where's the French part of you? The French are political animals, they get out and have a demo, or make sure their government know they aren't happy.
      
      Perhaps because they do live in these remote communities there isn't a sense of being able to join together to stop the tide of commercial rape. However most of Hugh's Fishfight has been waged on the internet. It just takes a few people who truly care, for the right reasons, and who aren't just doing it to win votes or make a buck out of it, to change the world!!! Get those people together to lobby the politicians and keep pestering. They give in in the end. Support the 'Fishfight' in every way you can.
      
      The best way to change the world right now,
      _is not to buy unethical products or services.
      Demand transparancy about your countries fiscal dealings.
    • The best way to draw a line under the las 50 years of spiraling inflation, collapsed money markets, and the rape and pillage of corporate barons is not to buy their products, or do business or transactions with, or through them. Don't invest in a company unless you know it's subsidiaries. What do they make, what impact does this have on the rest of the world.
      
      Make everything you can yourself out of the raw materials at home. It's far cheaper to make cleaning products, toothpaste, shampoo, and soap, they do a better job without toxic residues, and you save a shed load of money, and don't have to suffer endless plastic bottles going in the bin.
      
      I promised My new girlfriend cousin, that I would put some of these 'old fashioned recipies' here on my site, so I will have to start a new section! I was explaining how harmful many of the ingredients are that we just don't think about when we buy shampoo, toothpaste, household cleaning products, bubble bath.
      
      No wonder everyone is getting cancer. Just start with researching Sodium Laurel Sulphate to start with, and see if you can find a toothpaste that does not contain it next time you are at the supermarket!
      
      Then just buy a Large tub of Bicarbonate of Soda, (Having typed in Uses of Bicarbonate of Soda into your search engine). It might not make you look like you swallowed a bar of soap next time you clean your teeth. You will pay less in dentist bills, and if you just don't give up until you get used to it, you will stand a lot less chance of getting sick! 
      
      You can actually make the toothpaste with all the ingredients, and whatever flavour you like. The kids love doing this, and if their science lessons don't do it for them at school, you can teach them all the science stuff during home economy at home.