I can't quite make up my mind on the latest move by the Greek government. It seems they have said 'NO' to the Troika's proposals on the grounds that they were 'bad' for Greece and 'democracy' and have now come back to the negotiating table with a set of proposals for the reform of their economy, benefits, pensions and so on that look amazingly like those they said 'no' to just a week ago. How anyone is able to keep a straight face on it is beyond me.
So it looks as if the Greeks will be staying in the €uro. I suspect there will be no end of disappointment in the UK Media and certain US based news media, all of whom have spent the last week telling us how 'evil' the proposals were, and how a 'Grexit' was the only way forward. I imagine they weren't too impressed by the tens of thousands that besieged the Greek Parliament on Wednesday and Thursday demanding that Greece STAY in the €uro and secondly, that their government sort things out. I suspect that may have given Mr Tsipras a bit of a message.
Reading the Telegraph, the FT, The Spectator and the Washington Post articles on the crisis, one could be excused for thinking they were actually trying to orchestrate an exit and would like to see the €uro swept away. That made me wonder why? What is it about the EU and the €uro these commentators are so afraid of? Or is there some other agenda?
Reading Christopher Clark's monumental works Iron Kingdom and The Sleepwalkers, I begin to suspect there is a deep seated fear in sections of the British populace and perhaps mindset, that cannot accept the thought of a powerful and successful European unit, whether we call it a 'Union' or a 'Federation'. It is interesting that Prussia was one of our principle allies until 1871 and the unification of the German States. From the moment of unification onward, the British Press briefed against Germany, and slowly incited a mindset that equated the German people with enmity. It led to an arms race, diplomatic attempts to isolate Germany and finally war. It is amusing to note that one aspect of this misfired spectacularly. Parliament demanded that all German goods had to be labelled 'Made in Germany' and got it. The idea being that this would encourage people to boycott such goods. The opposite happened. The Label Made in Germany immediately became the stamp of quality.
What has this to do with the current Greek farce? Simply this - reading the UK and US Media reports on it, the EU has become synonymous with 'Germany' - and of course, that means it must be bad. The fact the EU was the brainchild of the French, Dutch, Belgians and one or two others seems to have escaped them. They have forgotten that it began with the 'Benelux' countries forming a Customs Union, which then expanded. The German were then divided between West and East Germany, and only the West German Federation was initially a part of the enlarged EU. Funny then, that so many today in the UK media seem to be convinced that the entire EU project is the brainchild of an expansionist Germany trying to take over the world by stealth.
It would be funny, if it wasn't so small minded and frankly stupid.
For the moment, however, it looks as if the Greeks will now accept the proposals they originally rejected, but are now proposing as their own. They'll sort out their economy (they say) and behave from now on. So, to the disappointment of many anti-EU commentators we will not see the €uro 'unravelling' or the EU tearing apart.
Never mind, there's bound to be some new thing they can whip up a storm about in a week or so ...
Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts
Saturday, 11 July 2015
Thursday, 9 July 2015
Left? Right? Centre?
In the interests of clarity, I'd just like to check. The 'Troika' is under fire from both the 'left' and the 'right' and both claim to be doing it in defence of Greek democracy. The Left claiming that the demands to reform the Greek economy before any 'relief' package can be handed over, is 'damaging the economy and denying vital services', while the right claim it is undemocratic to demand any controls at all. Both, presumably, would like the Greeks to be allowed to continue on their merry way, funding their corruption with everyone else's money.
Once you add in the UK Media which seems to simply put a negative spin on anything to do with the €uro or the EU and one rapidly comes to the conclusion that the 'Troika' (which I understand to be the German Federal government, the European Central Bank and the EU Commission) may actually be right. That they aren't popular with the Left or the Right is a given. The Right love to hate them as being about 'stealing sovereignty' and trying to create a 'Fourth Reich' to use the populist UKIP label, and the Left love to hate them because they won't allow freewheeling spending. The Greeks currently hate them because they want to keep on with their freewheeling spending - using the rest of Europe's money as the former Latvian PM said on our television recently. Funny how the media love to show us all the hard Right and hard Left banging on about the 'evil' EU restricting Democracy on the one hand, and the 'evil' Troika on the other for imposing controls on free spending handouts.
The irony is that both sides earnestly believe they are defending the 'democratic' rights of everyone to determine their own affairs. Both seem to forget that the currency is currently the world's second largest 'Reserve' currency and has actually proved reasonably stable in the sixteen years since it was created. The Greek government actually cooked their books to get in in 2000, joining at a Rate of 340.75 Drachma to the €uro. What we now know is that they did so because the Drachma was on the point of collapse, and perhaps Brussels and the Commission should have looked at the glossy figures a little more thoroughly when they were presented by a rather large UK based international accountancy firm that handles major corporate tax affairs for several companies who pay little or no tax to the countries they operate in.
The argument advanced by Mr Farage in an interview aired last night is that the Greeks have 'lost their sovereignty' because they are unable to 'adjust their economy' be devaluing their currency. I got the impression he felt that, to help Greece, everyone else in the Eurozone should allow the Greek government to run the printing presses, flood the market with devalued €uros and allow runaway inflation everywhere else. Ironically, this is what Die Linke and their fellow 'socialist' supporters in the Greens and other 'left' parties want.
Just so the Greeks can carry on doing the spending they are doing. Not unnaturally that suggestion has the more prudent Finance Ministers - and Hr Schauble is just one (though he happens to control the largest €uro based economy, and does it rather well) - rather cross. Especially the Baltic States, Poland, Czech Republic, Slovakia, Finland and Sweden.
Having lived in a country where printing money was used to address economic downturns, and devaluation employed to improve export trade, my own feeling is that those who feel this is the right way are either mad, or they are deliberately and dangerously trying to ruin the whole European economy. I'm starting to believe the latter in fact. Which makes me think that none of them have any concept of the misery it will inflict. As I said, I have lived through it. I have lived with an 'official' inflation rate of 12.5% year on year and the consequences were that though my salary was automatically 'adjusted for inflation' and I usually got at least 5% annual increments - my actual spending power decreased annually by a minimum of 7 - 10%.
Why? Because the 'official' inflation rate was roughly half the actual. That is what allowing Greece to 'devalue' the €uro would produce in the longer term. Thank you all the Left wing commentators in the UK and US media trying to talk the €uro out of existence, or talk it into devaluation. I can't use the expression here that I would say to their faces, but I will use the Shakespearean curse - A pox on all your houses.
Perhaps it is time for a reality check for the ideologues of the 'left' and the 'right' - and maybe the 'centre' as well. Economies are built on trade, productivity, goods, services, savings and prudent management of the resources of any nation or group. The EU isn't perfect, but it is doing a remarkable job of holding together a very disparate group of people and cultures. As Josephus has reminded me from time to time, one of the biggest problems is the divide between the frugal and industrious 'northern' nations and the more laid back and less industrialised southern ones. That is perhaps most evident when one looks at the divide between Southern Italy and Northern Italy, or those South Eastern States once part of the Austrian Empire and those that were run by the Ottomans. A similar divide almost tore the US apart in the 1860s, less than a hundred years after its Founding.
The Germans are very, very touchy about inflation and falling productivity. They remember all to clearly how runaway inflation in the 1920s and early 30s brought a certain Party to power that plunged them into almost total destruction, and they won't allow anyone to take them there again. In the last weeks the Greek government has repeatedly come to the table with the same proposal - no cuts, no immediate reform, just give us the money and we'll see what we can do. Understandably, Hr Schauble is angry, after all Germans are going without some of the benefits they are paying for the Greeks to enjoy. It might pay the UK Media to be a little less 'anti-German' and get their heads out of the 1940s mindset. The German economy is remarkably stable, partly because they don't have the same lurching from 'socialist' to 'neo-socialist' and 'capitalist' economic dispensations and flights of fancy as we do. They aren't the threat, and neither is Brussels - the real threat is the idiocy that says fragmenting Europe into a myriad small states with parochial politics is the right way to go in the world as it is developing today.
As for the current crisis, Mr Tsipras is going to have to come up with a bit more than rhetoric and lots of glad-handing people like Mr Farage to get any change from the Troika and no amount of Farage Fulmination and Leftist whinging is going to change it.
Once you add in the UK Media which seems to simply put a negative spin on anything to do with the €uro or the EU and one rapidly comes to the conclusion that the 'Troika' (which I understand to be the German Federal government, the European Central Bank and the EU Commission) may actually be right. That they aren't popular with the Left or the Right is a given. The Right love to hate them as being about 'stealing sovereignty' and trying to create a 'Fourth Reich' to use the populist UKIP label, and the Left love to hate them because they won't allow freewheeling spending. The Greeks currently hate them because they want to keep on with their freewheeling spending - using the rest of Europe's money as the former Latvian PM said on our television recently. Funny how the media love to show us all the hard Right and hard Left banging on about the 'evil' EU restricting Democracy on the one hand, and the 'evil' Troika on the other for imposing controls on free spending handouts.
The irony is that both sides earnestly believe they are defending the 'democratic' rights of everyone to determine their own affairs. Both seem to forget that the currency is currently the world's second largest 'Reserve' currency and has actually proved reasonably stable in the sixteen years since it was created. The Greek government actually cooked their books to get in in 2000, joining at a Rate of 340.75 Drachma to the €uro. What we now know is that they did so because the Drachma was on the point of collapse, and perhaps Brussels and the Commission should have looked at the glossy figures a little more thoroughly when they were presented by a rather large UK based international accountancy firm that handles major corporate tax affairs for several companies who pay little or no tax to the countries they operate in.
The argument advanced by Mr Farage in an interview aired last night is that the Greeks have 'lost their sovereignty' because they are unable to 'adjust their economy' be devaluing their currency. I got the impression he felt that, to help Greece, everyone else in the Eurozone should allow the Greek government to run the printing presses, flood the market with devalued €uros and allow runaway inflation everywhere else. Ironically, this is what Die Linke and their fellow 'socialist' supporters in the Greens and other 'left' parties want.
Just so the Greeks can carry on doing the spending they are doing. Not unnaturally that suggestion has the more prudent Finance Ministers - and Hr Schauble is just one (though he happens to control the largest €uro based economy, and does it rather well) - rather cross. Especially the Baltic States, Poland, Czech Republic, Slovakia, Finland and Sweden.
Having lived in a country where printing money was used to address economic downturns, and devaluation employed to improve export trade, my own feeling is that those who feel this is the right way are either mad, or they are deliberately and dangerously trying to ruin the whole European economy. I'm starting to believe the latter in fact. Which makes me think that none of them have any concept of the misery it will inflict. As I said, I have lived through it. I have lived with an 'official' inflation rate of 12.5% year on year and the consequences were that though my salary was automatically 'adjusted for inflation' and I usually got at least 5% annual increments - my actual spending power decreased annually by a minimum of 7 - 10%.
Why? Because the 'official' inflation rate was roughly half the actual. That is what allowing Greece to 'devalue' the €uro would produce in the longer term. Thank you all the Left wing commentators in the UK and US media trying to talk the €uro out of existence, or talk it into devaluation. I can't use the expression here that I would say to their faces, but I will use the Shakespearean curse - A pox on all your houses.
Perhaps it is time for a reality check for the ideologues of the 'left' and the 'right' - and maybe the 'centre' as well. Economies are built on trade, productivity, goods, services, savings and prudent management of the resources of any nation or group. The EU isn't perfect, but it is doing a remarkable job of holding together a very disparate group of people and cultures. As Josephus has reminded me from time to time, one of the biggest problems is the divide between the frugal and industrious 'northern' nations and the more laid back and less industrialised southern ones. That is perhaps most evident when one looks at the divide between Southern Italy and Northern Italy, or those South Eastern States once part of the Austrian Empire and those that were run by the Ottomans. A similar divide almost tore the US apart in the 1860s, less than a hundred years after its Founding.
The Germans are very, very touchy about inflation and falling productivity. They remember all to clearly how runaway inflation in the 1920s and early 30s brought a certain Party to power that plunged them into almost total destruction, and they won't allow anyone to take them there again. In the last weeks the Greek government has repeatedly come to the table with the same proposal - no cuts, no immediate reform, just give us the money and we'll see what we can do. Understandably, Hr Schauble is angry, after all Germans are going without some of the benefits they are paying for the Greeks to enjoy. It might pay the UK Media to be a little less 'anti-German' and get their heads out of the 1940s mindset. The German economy is remarkably stable, partly because they don't have the same lurching from 'socialist' to 'neo-socialist' and 'capitalist' economic dispensations and flights of fancy as we do. They aren't the threat, and neither is Brussels - the real threat is the idiocy that says fragmenting Europe into a myriad small states with parochial politics is the right way to go in the world as it is developing today.
As for the current crisis, Mr Tsipras is going to have to come up with a bit more than rhetoric and lots of glad-handing people like Mr Farage to get any change from the Troika and no amount of Farage Fulmination and Leftist whinging is going to change it.
Saturday, 19 April 2014
Hackers ...
For the second time in just a few days, I have received notice from Google Mail that someone in France (Rennes to be precise) has tried to access my personal email account. Why anyone would be interested is unclear, especially to me. It is annoying, because each time it happens I have to change my passwords, and for safety reasons I do NOT use the same password for everything I do online. And again, for safety reasons, I change them all each time I get a notice to this effect.
That is probably the biggest nuisance, because not only am I having to think up new and ever more complex passwords, and then remember them, but I have to keep track of them as well. So, here is a message for any hacker reading this; I don't have loads of money, and my bank account isn't overflowing with it either. I'm not a member of the NSA, CIA, MI5, MI6 or any other 'interesting' organisation. I am not interested in being the recipient of those hidden zillions some unfortunate is unable to extract from Nigeria, the UAE or any other foreign state. I am not the CEO of some bank, oil company or major multi-national. I'm a private individual living on a pension. So would you mind taking your silly games somewhere else.
This does seem to be a major problem for everyone at the moment, and I am reliably informed that while some of this is down to criminal activity (as in organised crime) a great deal of it is opportunist and instigated by students of computer science for 'fun' - though they often pass on the passwords and data they do crack to crime gangs in exchange for payment. It is worrying for someone in my position since it could be extremely costly - something I could ill afford. What puzzles me at present is this; who in Rennes is targeting my email, and why? I have no connection with anything in Rennes, and only two friends in all of France. In short, this makes no logical sense.
Oh well, here we go again. A new batch of passwords to generate.
That is probably the biggest nuisance, because not only am I having to think up new and ever more complex passwords, and then remember them, but I have to keep track of them as well. So, here is a message for any hacker reading this; I don't have loads of money, and my bank account isn't overflowing with it either. I'm not a member of the NSA, CIA, MI5, MI6 or any other 'interesting' organisation. I am not interested in being the recipient of those hidden zillions some unfortunate is unable to extract from Nigeria, the UAE or any other foreign state. I am not the CEO of some bank, oil company or major multi-national. I'm a private individual living on a pension. So would you mind taking your silly games somewhere else.
This does seem to be a major problem for everyone at the moment, and I am reliably informed that while some of this is down to criminal activity (as in organised crime) a great deal of it is opportunist and instigated by students of computer science for 'fun' - though they often pass on the passwords and data they do crack to crime gangs in exchange for payment. It is worrying for someone in my position since it could be extremely costly - something I could ill afford. What puzzles me at present is this; who in Rennes is targeting my email, and why? I have no connection with anything in Rennes, and only two friends in all of France. In short, this makes no logical sense.
Oh well, here we go again. A new batch of passwords to generate.
Tuesday, 18 February 2014
When Politicians start to be 'certain' it's time to check which planet they're on ...
The US Secretary of State, Mr Kerry, seems to never read a briefing paper, or to have much contact with reality. Dr Judith Curry, a climate scientist of considerable note, though NOT one of the 'team', says it far better than I can. She is, after all, a scientist.
She has a long article on Mr Kerry's pronouncements on climate change on her blog. I am more and more convinced that all of this hysteria on the subject of climate change is a cover for an agenda which wishes to de-industrialise and de-commercialise the western nations and economies, turning them into someone's ideal of a pre-industrial cottage industry style aggrarian world. I note that it is always the 'west' that must cut consumption, cut fuel use, cut emissions and cut its economic throat to 'save the planet' or 'give developing nations a fair deal' with the same never being asked of any of the real polluters and over populators.
The truth is that our leaders are apparently hell bent on destroying our economies in pursuit of the policies set out in the UN's Agenda 21. The question I ask is this; who, precisely, will benefit from it? Certainly not our societies, or our children.
She has a long article on Mr Kerry's pronouncements on climate change on her blog. I am more and more convinced that all of this hysteria on the subject of climate change is a cover for an agenda which wishes to de-industrialise and de-commercialise the western nations and economies, turning them into someone's ideal of a pre-industrial cottage industry style aggrarian world. I note that it is always the 'west' that must cut consumption, cut fuel use, cut emissions and cut its economic throat to 'save the planet' or 'give developing nations a fair deal' with the same never being asked of any of the real polluters and over populators.
The truth is that our leaders are apparently hell bent on destroying our economies in pursuit of the policies set out in the UN's Agenda 21. The question I ask is this; who, precisely, will benefit from it? Certainly not our societies, or our children.
Monday, 10 February 2014
Jewish Presence in Israel
Every so often one stumbles across something unexpected and interesting on the blogosphere. One such is a blog I found yesterday which had a fascinating article about a necropolis in the Jezreel valley which was the burial place of the wealthy and famous families of Jews following the Roman destruction of the Temple in 70 AD. Bet She'arim was developed as a burial place following the Roman ban on the continuance of Jewish worship and burial in Jerusalem. It continued in use under the Byzantine regime which continued the ban on Jews in Jerusalem and only gradually fell into disuse after the Muslim conquest of the area.
In the last couple of centuries, the site was seriously damaged by grave robbers, but the Israeli government has placed it under strict control. Today archaeologists are able to examine each of the several huge man-made caves and their associated tunnels and burial chambers properly. One does have to wonder why it is not listed under the UNs Heritage protection programmes - but then none of the important Jewish shrines, tombs and archaeological sites are. There is a great fuss over Jews attempting to visit those still under Muslim control. There is also rampant vandalism of those and some major Christian sites by Muslim vandals, but not a word of criticism from the UN about that. There is considerable evidence to suggest that there has been a very concerted effort in East Jerusalem, during the time it was under Muslim control, to erase all trace of Jewish history, and that is ongoing as the Waqf that controls (by international and Israeli agreement) the Al Aqsa Mosque and the platform surmounting the Temple Mount has 'enlarged' a number of underground structures and, contrary to the same international agreements, carried out a systematic programme of destroying anything and everything that might be Jewish or Christian in origin in the areas they control.
Bet Sha'arim is important, since it demonstrates the continuous presence of Jewish leaders, thinkers and merchants - plus, of course, the ordinary folk who worked for and supported them - in Israel from at least the time of the Roman occupation. Bet Sha'arim, the town, was the seat of the 'exiled' Sanhedrin, and the seat of the School of scholars that shaped and formed the post Temple form of Judaism. Why, therefore, do we hear nothing whatsoever about it in our media? Or, for that matter, in our histories of the area?
Probably because it would show that the arguments that Israel is an 'illegitimate' Nation are false. That would, presumably, not suit the narrative of the history of the region our current crop of so-called leaders wish to present.
In the last couple of centuries, the site was seriously damaged by grave robbers, but the Israeli government has placed it under strict control. Today archaeologists are able to examine each of the several huge man-made caves and their associated tunnels and burial chambers properly. One does have to wonder why it is not listed under the UNs Heritage protection programmes - but then none of the important Jewish shrines, tombs and archaeological sites are. There is a great fuss over Jews attempting to visit those still under Muslim control. There is also rampant vandalism of those and some major Christian sites by Muslim vandals, but not a word of criticism from the UN about that. There is considerable evidence to suggest that there has been a very concerted effort in East Jerusalem, during the time it was under Muslim control, to erase all trace of Jewish history, and that is ongoing as the Waqf that controls (by international and Israeli agreement) the Al Aqsa Mosque and the platform surmounting the Temple Mount has 'enlarged' a number of underground structures and, contrary to the same international agreements, carried out a systematic programme of destroying anything and everything that might be Jewish or Christian in origin in the areas they control.
Bet Sha'arim is important, since it demonstrates the continuous presence of Jewish leaders, thinkers and merchants - plus, of course, the ordinary folk who worked for and supported them - in Israel from at least the time of the Roman occupation. Bet Sha'arim, the town, was the seat of the 'exiled' Sanhedrin, and the seat of the School of scholars that shaped and formed the post Temple form of Judaism. Why, therefore, do we hear nothing whatsoever about it in our media? Or, for that matter, in our histories of the area?
Probably because it would show that the arguments that Israel is an 'illegitimate' Nation are false. That would, presumably, not suit the narrative of the history of the region our current crop of so-called leaders wish to present.
Tuesday, 4 February 2014
The Pensions Debacle ...
I used to have a quote on my office 'action board'. I can't recall who said it originally, but it summed up the constant state of financial difficulties over a wide range of issues. It said simply: Don't expect me to drop everything to deal with some crisis caused by your lack of planning.
As I follow the dispute between the serving fire fighters, the government, and the employers over their current pension age and pension provisions, I am constantly struck by how the pensions crisis is now the fault of the fire fighters, pensioners and everyone else. It is a crisis created by the abysmal planning and practices of the politicians and civil servants (who have looked after themselves very nicely - thank you), and it could have been foreseen - in fact some did - more than sixty years ago. The Fire Fighters Pension Fund should have been revised in 1974 when the service underwent a massive re-organisation and expansion, but then, as now, all the politicians and civil servants involved saw, was a nice source of 'revenue' from all those extra contributions.
The root of the problem actually goes back, in the UK, to 1908, when a Parliament dominated by middle class and aristocrats with a paternalistic mindset, voted to create a State Pension to be paid to all working class men reaching the age of 70. It seemed safe enough at the time perhaps, as the average age at death of 'working men' then was a mere 45 years of age. Note the pension was only for men at the time, but post WW1, it was expanded to include women and the retirement age was lowered - but what everyone failed to notice was that the introduction of the first generation antibiotics, better working conditions, healthier food and access to better medical care also increased the life expectancy of the people it covered. Suddenly many more people were qualifying for a pension - and drawing it for longer. Did Parliament, the civil service or anyone else make any change to the way they were funding it? No. They continued to collect the small contribution each worker paid into it, and treated it as 'revenue' to be spent on any and every pet project and expansion of the State.
This is a particularly sore point for the fire and rescue service personnel. There were, and still are, very good reasons why they retired at 50 or 55. Only officers above the rank of Senior Divisional Officer could continue to 60, and it all has to do with your reflexes, your bodies ability to recover from heat and cold stress, injury and general health and fitness. The vast majority of people cannot achieve the levels of fitness now being demanded of fire fighters at age 50, let alone 55 and as for at age 59 - forget it. Worse is that the Minister concerned and his civil servants are being decidedly 'economical with the truth' when they say that only a small number of fire fighters will be affected. Their own report states that as many as 90% of fire fighters could fail to maintain the fitness level at age 55. They are also failing to be honest about how much the fire fighters are contributing to their pensions. Where the majority of Pension Funds have taken between 4 and 9% of salary from their members, the Fire Fighters are contributing 14 -17% of income.
It doesn't take a genius to realise that our local and national politicians have squandered the money (we won't mention Gordon Brown's raid of 8 billion on private pensions that destroyed the majority), treating the contributions as a nice way to subsidise the local and national tax pot. Of course, it would all have been fine and dandy as long as the workforce continued to grow. As long as more people were 'in work' and paying into the pot, everything is hunky-dory and we can get away with this sort of economic sleight of hand. Unfortunately, the 1930-40s dream of 'full employment' and state run industrial and commercial activity fell apart - and the politicians and civil servants can't bring themselves to admit that it was not only never achievable, but is a direct cause of their present crisis.
Not one penny of the money they have collected for the last 106 years was ever invested to cover the promises they made year after year, election after election. As for the Treasury's 'economists' - I wouldn't trust them to invest the small amount of money I once had in an ISA! Frankly, if anyone ran a business the way they run the national economy, the Serious Fraud Squad would be considering a major prosecution. The fire fighters have a right to be up in arms, and their current Chief Fire Officers are as much to blame as the politicians they serve. The various Local Authorities have taken the contributions from the men and women in their service for years and used it to subsidise the Rates and now the Community Charge.
Now that the revenue is shrinking as they cut down the service side (while expanding the paper shufflers and 'non-operational' side), they want to cut their losses by blaming the fire fighters. There are claims that a fire fighter that is fired at 51 because he can't maintain the fitness level or has been injured, can be 'redeployed', but this is false. Until ten years ago, he or she could have been, but since Labour' modernised the service, all the posts they could have been redeployed to have been stuffed with 'non-operational' and non-fire fighting staff. It was claimed then that this was 'cheaper' - so the fact that these folk are now, on average, earning the same as or more than the fire fighters they replaced is possibly another small problem the politicians are being 'economical with the truth' about. The truth is - and the reality - is that someone being 'let go' for health or fitness reasons at 51 is highly unlikely to find employment at anything like the income he or she enjoyed at that point. Nor will they be able to claim their full pension, or any pension until they reach 60 and then the new threshold of 67 for the State Pension.
Tough one, and I'm sure all the lovely and caring politicians and civil servants will pat him or her kindly on the back, and tell them the usual platitude that it's a tough deal, but you could have made provision for this contingency yourself ... Then they'll take their gold plated tax payer funded pensions and their knighthoods and laugh all the way to the bank and the bistro.
I have used the fire fighters as an example here, but the truth is that all pension funds are in the same state, and all pensioners and contributors to pension funds are being put under similar pressure. Suddenly it is their fault that the Treasury, the politicians and the civil servants have, down the years, squandered the money they have taken from us. If an insurance company did the same with its policy holders premiums the courts would deal with it very quickly indeed. Perhaps that is what we should now be doing, bringing prosecutions for fraud against the various public bodies that have taken our money on false pretences and now want to change the rules to shift the blame.
Now there's a thought for those of a legal mind and ability ...
As I follow the dispute between the serving fire fighters, the government, and the employers over their current pension age and pension provisions, I am constantly struck by how the pensions crisis is now the fault of the fire fighters, pensioners and everyone else. It is a crisis created by the abysmal planning and practices of the politicians and civil servants (who have looked after themselves very nicely - thank you), and it could have been foreseen - in fact some did - more than sixty years ago. The Fire Fighters Pension Fund should have been revised in 1974 when the service underwent a massive re-organisation and expansion, but then, as now, all the politicians and civil servants involved saw, was a nice source of 'revenue' from all those extra contributions.
The root of the problem actually goes back, in the UK, to 1908, when a Parliament dominated by middle class and aristocrats with a paternalistic mindset, voted to create a State Pension to be paid to all working class men reaching the age of 70. It seemed safe enough at the time perhaps, as the average age at death of 'working men' then was a mere 45 years of age. Note the pension was only for men at the time, but post WW1, it was expanded to include women and the retirement age was lowered - but what everyone failed to notice was that the introduction of the first generation antibiotics, better working conditions, healthier food and access to better medical care also increased the life expectancy of the people it covered. Suddenly many more people were qualifying for a pension - and drawing it for longer. Did Parliament, the civil service or anyone else make any change to the way they were funding it? No. They continued to collect the small contribution each worker paid into it, and treated it as 'revenue' to be spent on any and every pet project and expansion of the State.
This is a particularly sore point for the fire and rescue service personnel. There were, and still are, very good reasons why they retired at 50 or 55. Only officers above the rank of Senior Divisional Officer could continue to 60, and it all has to do with your reflexes, your bodies ability to recover from heat and cold stress, injury and general health and fitness. The vast majority of people cannot achieve the levels of fitness now being demanded of fire fighters at age 50, let alone 55 and as for at age 59 - forget it. Worse is that the Minister concerned and his civil servants are being decidedly 'economical with the truth' when they say that only a small number of fire fighters will be affected. Their own report states that as many as 90% of fire fighters could fail to maintain the fitness level at age 55. They are also failing to be honest about how much the fire fighters are contributing to their pensions. Where the majority of Pension Funds have taken between 4 and 9% of salary from their members, the Fire Fighters are contributing 14 -17% of income.
It doesn't take a genius to realise that our local and national politicians have squandered the money (we won't mention Gordon Brown's raid of 8 billion on private pensions that destroyed the majority), treating the contributions as a nice way to subsidise the local and national tax pot. Of course, it would all have been fine and dandy as long as the workforce continued to grow. As long as more people were 'in work' and paying into the pot, everything is hunky-dory and we can get away with this sort of economic sleight of hand. Unfortunately, the 1930-40s dream of 'full employment' and state run industrial and commercial activity fell apart - and the politicians and civil servants can't bring themselves to admit that it was not only never achievable, but is a direct cause of their present crisis.
Not one penny of the money they have collected for the last 106 years was ever invested to cover the promises they made year after year, election after election. As for the Treasury's 'economists' - I wouldn't trust them to invest the small amount of money I once had in an ISA! Frankly, if anyone ran a business the way they run the national economy, the Serious Fraud Squad would be considering a major prosecution. The fire fighters have a right to be up in arms, and their current Chief Fire Officers are as much to blame as the politicians they serve. The various Local Authorities have taken the contributions from the men and women in their service for years and used it to subsidise the Rates and now the Community Charge.
Now that the revenue is shrinking as they cut down the service side (while expanding the paper shufflers and 'non-operational' side), they want to cut their losses by blaming the fire fighters. There are claims that a fire fighter that is fired at 51 because he can't maintain the fitness level or has been injured, can be 'redeployed', but this is false. Until ten years ago, he or she could have been, but since Labour' modernised the service, all the posts they could have been redeployed to have been stuffed with 'non-operational' and non-fire fighting staff. It was claimed then that this was 'cheaper' - so the fact that these folk are now, on average, earning the same as or more than the fire fighters they replaced is possibly another small problem the politicians are being 'economical with the truth' about. The truth is - and the reality - is that someone being 'let go' for health or fitness reasons at 51 is highly unlikely to find employment at anything like the income he or she enjoyed at that point. Nor will they be able to claim their full pension, or any pension until they reach 60 and then the new threshold of 67 for the State Pension.
Tough one, and I'm sure all the lovely and caring politicians and civil servants will pat him or her kindly on the back, and tell them the usual platitude that it's a tough deal, but you could have made provision for this contingency yourself ... Then they'll take their gold plated tax payer funded pensions and their knighthoods and laugh all the way to the bank and the bistro.
I have used the fire fighters as an example here, but the truth is that all pension funds are in the same state, and all pensioners and contributors to pension funds are being put under similar pressure. Suddenly it is their fault that the Treasury, the politicians and the civil servants have, down the years, squandered the money they have taken from us. If an insurance company did the same with its policy holders premiums the courts would deal with it very quickly indeed. Perhaps that is what we should now be doing, bringing prosecutions for fraud against the various public bodies that have taken our money on false pretences and now want to change the rules to shift the blame.
Now there's a thought for those of a legal mind and ability ...
Subscribe to:
Posts (Atom)