It was easier to believe in Freedom of Speech and Democracy in 2011. The Ongoing Fascist Coup EUssr and GBLimited. #Brexit #Brino #MayMustGo #ConquestofDough #Peston



Pestonds PicksBack in 2011 when BBC reporters had their Blogs and comments were allowed to be of a sensible length, And indeed when Comment on the Guardian was indeed free it was easier to believe in Democracy.

Kant contrasts “apodictic” with “problematic” and “assertoric” in the Critique of Pure Reason, on page A70/B95. . These matters are to do with what we know as truth in the world which is sometimes called reality. Some commentators have been arguing a ´Post Truth´ turn in the news this is a logical error in reasoning for as Frank Harris says in England or Germany, p.144 (

´´Genius welcomes criticism; the more the
merrier, the higher the better. “Come look
what I’m doing´´, it cries fearlessly, knowing
that truth must help it and that in an open
struggle between truth and falsehood, truth has
nothing to fear. ´´





I made this comment on Robert Pestons Blog, back then way back then when loves young dream of freedom of speech and democracy still seemed possible .


Hi Robert, How about some background on this Private Members Bill, What’s this all about?

Douglas Carswell MP announced a bill that would end fractional reserve banking. It’s produced below in full (directly from Hansard), but I’ve added some explanatory comments in [brackets]. The bolding is mine. The bill passed to a second reading, which will be held on Friday 19th November 2010.


Banking Commission wants firewall around retail banking

Robert Peston | 07:58 UK time, Saturday, 9 April 2011

The Independent Banking Commission will say that an internal firewall or protective barrier has to be put around the parts of a big or universal bank that are deemed to be vital to the interests of the economy (as I said on the Ten O’Clock News last night).

They are the parts of a universal bank such as Barclays, Royal Bank of Scotland and HSBC that would always be bailed out by taxpayers – and they include our savings, the mechanism for moving money around (what is known as the money transmission mechanism) and business lending operations.

The idea is to make sure that they could not be damaged as and when problems arise in other part of banks, such as the trading activities of banks.

However there are different ways of achieving this end – which would be more or less expensive for banks to implement.

Banks argue that the cheaper option would be to reinforce the operational separation of this kind of retail banking from their investment banks, with tighter legal separation into separate legal subsidiaries only occurring in a crisis, in a process called resolution.

In these circumstances there would be some increase in the costs of borrowing for banks – because it would be clear that taxpayers were no longer prepared to bail out everything they do in all circumstances, and therefore the risks of lending to banks would increase.

But because banks would retain the ability to deploy their capital across the range of their activities according to the returns they perceive to be available at any particular moment, the increase in their costs of doing business would not be – in their view – prohibitive.

The other option would be for the banks’ investment banking and retail banking operations to be forced to operate in independently funded and independently capitalised subsidiaries in good times as well as bad.

The banks fear that this would force them to raise a lot more expensive capital for each of their new subsidiaries and would also lead to a far greater increase in their borrowing costs. They claim such a structural reform would put them at a disadvantage compared to their overseas competitors.

However this form of subsidiarisation is widely seen to be a far more robust way of reducing a substantial implicit taxpayer subsidy for investment banking – the parts of the bank that trade on financial markets and advise the biggest companies on how to raise money – and also of reducing the probability that taxpayers would be called on to bear the enormous financial liability of rescuing an entire universal bank that runs into difficulties.

My understanding is that the Commission will present the options and initiate a debate.

As for the Chancellor, George Osborne, he will welcome the analysis carried out by the Commission, but he will not throw his weight behind any particular proposal to reform the banks until after the Commission’s final report is published in the autumn.



These Days the censorship, the Political Correctness and the Self Censorship, fear and downright dumbed downness of the BBC and general discourse has one wondering about what is happening to our Country our culture and our Language.



At 8 mins 40 secs Dr Graham Downing talks about how the policing of Language by political correctness seems designed to prevent interpersonal communication and self-expression, I think he is right and it is by design and not by accident.

Off Guardian Exists due to the Coup by the Green Fascist NGO Lobby and the apparent possession of its Star Journos by PC Maybot inspired pseudo left-wing virtue signallers, Jones and Monbiot anyone?




I Have a Novel to write and frankly these bumper sticker posts I find incredibly tedious so just go and wake someone up today or Pinch yourself and start paying attention too.

#ConquestofDough   Click here and order an advanced copy first though.


Energy Economy, Renewables including Nuclear.


Working on Subtitles in English at Moment.


  1. Two helpful annual reports from Lazards on Levelised cost of electricity. Very informative.
    Also this is a very interesting Wikipedia article on OTEC ( Ocean Thermal Energy Conversion.
    Just by way of explanation by Profession I am a Chartered Surveyor and Valuer. I began my Career at Shell UK Limited where I was involved in the Tax Assesment of the St Fergus Gas Terminal in Peterhead, To Tax large oil industry plant and machinery open market valuations of Property Value based taxes like Property Rates do not exist and to calculate a property value for taxation purposes a Valuation Technique called the contractors principle of Valuation is employed.
    The Contractors Principle of Valuation is a residual method of valuation which adds up all the input costs and then applies a discount rate to generate an annual economic rent ( Net Present Value )
    which can then be used to calculate the rating assessment. At Shell I did hundreds of these types of Valuations and the Largest such valuation was for the St Fergus Gas Terminal.
    Concepts such as Embodied energy also feed nicely back into measures of Levelized costs of electricity. Pulling these concepts of energy value as opposed to financial value into the equations should hopefully result in seeing what the problem we are trying to solve is? DO we want to save Society or the financial system as it currently operates?
    Discount rates based upon the cost of Capital are pretty subjective as you will know Tim but it seems to me that EROIE measures Levelised costs of Electricity production and so forth and a residual valuation approach can yield a good method by which to assess the Economic potential for future prosperity based upon access to energy.

    Energy and Capital are very different things.

    The best description of this dichotomy I have encountered is this from Carol Quigley in Tragedy and Hope,
    ”Thus, clearly, money and goods are not the same thing but are, on the contrary,
    exactly opposite things. Most confusion in economic thinking arises from a failure to recognize this fact. Goods are wealth which you have, while money is a claim on wealth which you do not have. Thus goods are an asset; money is a debt. If goods are wealth; money is not wealth, or negative wealth, or even anti-wealth. They always behave in opposite ways, just as they usually move in opposite directions. If the value of one goes up, the value of the other goes down, and in the same proportion.”
    Quigley Tragedy and hope.
    Energy and Money are different.

Without hot air

I am a Libertarian Mutualist Anarchist, Stoic and Poet. I have no time for the confected lies of SIlver spooned Aristocrats and their Bourgoise apologists. #ConquestofDough #Brexit







I was invited to vote in a consensus issue on Wikipedia today, I had a read of my profile talk page and thought this clarification from 2016 when I was trying to make a contribution in kind to David Malones green leadership campaign kind of explained my own reasons for doing what I do. I particularly was struck by



A portmento of pragmatic and ideological .

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