Ethics

Unconditional Surrender

There is absolutely no way on earth that the 17mn who voted ‘Leave’ envisaged a Brexit plan that gave away money, took away voting rights, kept the country tied up in all current and future EU red tape, open borders and laws they’ll have no say over. On every level it’s a lose-lose. May’s plan virtually guarantees Britain will be worse off. No deal would make way more sense.

The UK is the 5th largest economy in the world. It should have been enough reason to negotiate FTA’s with anyone. Obama might have threatened that Brits would go to the back of the line, but who was he fooling? 17mn Brits thought otherwise. The people spoke.

Of course the Remainers will crow about their foresighted wisdom. Leavers will wonder why the Tory party room are prepared to back a deal that just looks so ridiculous. It doesn’t look like a negotiation took place. Unconditional surrenders have come with more  favourable T’s & C’s. If May is such good mates with Trump, why didn’t she take a leaf out of his negotiation tactics with the EU? EC President  Jean-Claude Juncker stumbled on the White House lawn after agreeing to sign an FTA with America in one day. Of course the Europhiles will argue the fine print will overwhelmingly protect EU rights, but the point is May never went into bat for her constituents. She sold her countrymen and women down the Thames.

Boris Johnson correctly summed up,

I really can’t believe it but this Government seems to be on the verge of total surrender. With every day that passes we seem to be getting more craven. We have already agreed to hand over £40bn for nothing – and certainly not a trade deal – in return.

We have agreed to become the punk of Brussels, signing up not just to their existing rulebook but to huge chunks of future regulation – even though we will have no say in drafting that legislation. We have agreed against all promises that the European Court of Justice will have a say in the enforcement of that regulation in the UK.

We have been so feeble in our preparations to leave the EU on WTO terms, and so unnaturally terrified of the consequences (greatly exaggerated by the scaremongers) that we have now said we will remain in the so-called customs union.

Which means that our trade policy will be run by Brussels at least until 2022, and – at this rate – long beyond that date. We will not be able to do free trade deals of any great value. We will not be able to take back control of our tariffs, our borders, our money, our laws. It is not even clear whether we will be able to set our own VAT rates – and yet we will have no one round the table to argue the UK case…”

With any luck, the bill will be blocked by Parliament. Leave Rebel MPs should vote against this travesty and look to file a no confidence motion to boot May. This is not what the people voted for. Regardless of whether people may or may not have changed their minds, everyone knew what was on the table and what the expected  outcomes. The ticket stated clearly in black and white,

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So May’s plan technically keeps the UK in the EU without being a member.  No doubt she has been promised a fat cat advisory role in Brussels when she is turfed, which she surely deserves to be.

We should not overlook the behaviour or Brussels with unruly members in the past. Austria, Poland, Hungary, Greece, Ireland etc. You can take it to the bank that the EU will go out of its way to punish the Brits. Easier to bully the UK which may yet sign  away their own rights as if they were the vanquished army in war.  This isn’t a negotiation but a total capitulation.

So much for protecting democracy and respecting the results of a referendum. Why bother holding it in the first place?

 

The #IAmSoldierX mutiny

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In the last two weeks the #IAMSOLDIERX campaign against terrorism has caught on like a firestorm in the UK. Numerous squaddies have been placed under investigation by the MoD for taking a selfie with Tommy Robinson who just happened to be in the same highway service area. One has been discharged.

Now serving soldiers and veterans are posting 1,000s of their own pictures with the above hashtag to protest the MoD’s bending to political correctness. Around 200,000 have signed a petition on http://www.StandWithOurLads.com to show the MoD they are against limp wristed folding to complaints made by minority groups who just happen to abhor Robinson.

Putting any personal bias against Robinson to one side, we should ask ourselves why he has two best selling books (which point to a two tier police state) on Amazon UK? He is no saint and admits as much. Yet he questions the double standards. They are pretty blatant.

Ask why a bunch of squaddies wanted a selfie with him? Do we presume that the couple of dozen 17yos in the picture who joined the army to defend their country are alt-right by wanting a picture with a celebrity with a bad boy image? We’d be hard pressed to find any 17yo turn down an opportunity to get a selfie with the famous. A selfie with a David Beckham? He was red carded in a World Cup. Bad role model.

What if it was Sid Vicious of the Sex Pistols? Would that infer squaddies were anarchists? Would they discharge troops for taking a selfie with Katie Price (aka Jordan) because a bunch of feminists complained that wanting a snap with a buxom former Page 3 girl was irrefutable grounds of inappropriate exploitation of women? Where do they draw a line?

How many times did we see UK armed forces appear on Top Gear? Jeremy Clarkson has said some pretty outrageous politically incorrect things in his time, even one which poked fun at terrorists. No repercussions…or is it Top Gear’s audience reach makes for such a great recruiting tool? The soldiers he promoted on the show loved the way he pushed their service.

Could it be the armed forces respect Robinson’s bravery (prison terms, death threats in/outside jail and kangaroo court trials) to call out gross injustices (e.g. grooming gangs) and government cover ups which turned a blind eye to 11-12yo girls being raped because they feared being thought of as racist?

CM read the entire 200 page Rotherham investigation. You can read the summarized  horror here. Robinson is not wrong in his fight over grooming gangs even if one questions his methods or dislikes his brutal delivery.

The BBC recently took up the exact same story which Robinson had spoken of for over a decade. He was pilloried for all that time as a far right wing racist for pointing out this black mark on the judiciary and constabulary. Only now does the mainstream media declare it safe ground after the event to report on it.

What of the 1000s of girls who have been permanently psychologically damaged because of political correctness? Are these girls a worthy sacrifice in defence of diversity? Labour MP Naz Shah tweeted that “these abused girls in Rotherham and elsewhere should shut their mouths. For the good of diversity.”

The Rotherham Inquiry showed evidence that the police deemed many of these underage girls unworthy of protection. The councils had known about it for decades yet chose silence for the sake of inclusion. It is all documented. It should make your blood boil. Arresting fathers for trespassing while trying to rescue their daughters from rape dens. It is absurd.

The majority of the grooming gangs in the UK have been Pakistani Muslim men. It is a fact.

Does it mean all Pakistani Muslims should be held under suspicion of being associated? Not at all. One could argue that the very political correctness which tries to protect them from being tied to such abhorrent behaviour makes it worse. The authorities would be far better placed to work with the affected communities to publicly out the perpetrators and show a united front that such behaviour won’t be tolerated under any circumstances.

Winning hearts and minds comes from collective purpose, not smoke and mirrors. Otherwise it becomes easy (rightly or wrongly) for people to jump to conclusions that sweeping it under the carpet is less hassle for law makers. Which is what is happening.

Others grooming gangs have been of Eastern European extraction. There have been white child sex traffickers too. It doesn’t matter who have perpetrated these acts – they should equally be dealt with under the law of the land. These squaddies would likely hold all of them with the same contempt. It is more than likely Robinson’s beliefs resonate against the soft approach to dealing with serious widespread problems. Failure to do so will lead to vigilantism which we saw with the Guardian Angels in New York in the 1980s.

There is a vigilante group in the UK operating since 2016 called Guardians of The North which lures online sexual predators and films them when making their scheduled encounter to engage in underage sex. 205 captured. 101 convictions. The videos are compelling. The excuses and denials are telling. We should applaud their dedication.

Why do they feel the need to operate? They claim the police are under budget and stretched so see a need to fill the void.

CM is not a vet and never served but the clear message from every person met that is or has been ‘behind the wire’ are all about the defence of freedom, be it speech, culture, religion or anything else. As long as laws are dispensed equally without fear or favour they’re content. If they see gross double standards or rigged application of justice they feel it betrays every reason they joined.

To have some young cadets face possible discharge for being in a photo is hardly a crime. Did the MoD teach these kids who they could and couldn’t take selfies with? There are rules and regulations over what is acceptable behaviour in the military. The photo doesn’t display them making Nazi salutes, holding offensive banners or anything remotely pushing hatred against any minority. .

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Does the MoD truly understand the morale of troops and veterans alike? There were 8 UK veteran suicides last week alone. There have been 42 this year alone in the UK. These Soldiers have also been posting pictures of the squalid conditions they live in, ones which prisoners would get immediate rectification were it discovered their basic amenities were in such disrepair. Many soldiers say morale in the UK forces is next to mix existent. This won’t help.

The whole saga is so sad. Who would have thought a bunch of squaddies would be slaughtered by selfie? Is this the way we treat our brave military souls? They deserve much better. The victims of sexual slavery deserve to have their story told to point out why diversity isn’t always as wonderful as the activists/apparatchiks would have us believe.

This movement seems to have momentum. How will the state react when so many that serve their country have had enough!?

Shamebridge University

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It’s amazing how social justice warriors constantly find new things to protest. The victim industry is in full swing. While a lack of access to WiFi or a flat cell phone battery is as big a hardship as these Cambridge University union students have or probably ever will face, they deem Rememberance Day as something that glorifies war, not about respecting the dead and. Those who served with distinction.

It is amazing they have the intelligence to be at university to begin with given the inability to critically think about why the day is absolutely about trying to avoid such tragedy again. Maybe Jeremy Corbyn is right – free education is justified because it is obviously worth nothing if the simplest things have to be made so complex.

Going through the letters of a veteran who served in WW2 Lt Peterson wrote of the honour of the Anzac Day ceremony in Beersheba. In 1940. It was to pay respect to those who bravely served their country not those who were mildly burnt while serving a coffee at Starbucks.

Only last week the University of Manchester’s student union voted to say “applause” is not inclusive and can distress people. Jonathan Pie’s video on the oppression obsession speaks directly to the grievance industry which ends up serving no one.

40 Maseratis for PNG shows commitment to combat climate change

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Last month Australia was beaten over the head for not helping the Pacific Islands cope with the dangers of climate change which is causing those countries to supposedly slip below the waves. What better way to use part of the $150mn in aid money from Australia to buy gas guzzling sports limousines from Italy.

Of all the 4-door cars least suited to the PNG climate, Maseratis would be top of the list. Pot holed roads, firm suspension  and 20inch alloy rims wouldn’t work so well neither would the high performance V6s help lower the CO2 content that is such a grave risk to their survival. Lord only knows why anyone would pick an Italian car to stand up to corrosion by the sea side?!? To the best of CM’s knowledge a Maserati Port Moresby dealership does not exist,

Yet we shouldn’t forget that as angry as we have every right to be in Australia, these islands know how strategically important we are to them for national security that we should count ourselves lucky they didn’t go for the 4.7 litre high performance V8s with the optional high performance pack.

China’s President Xi has visited these islands in the Pacific. Our Aussie PMs Turnbull and Morrison have just sent the Foreign Minister showing a lack of priority. We just take for granted that cutting cheques should be enough to curry favour.

Do we really believe the $12mn gift from China to install CCTV cameras in PNG is for the locals’ benefit? Beijing will happily monitor everything, including facially recognizing our politicians when they visit. Might as well bug the meeting rooms while they’re at it! All because we’re too daft to think just because we have history that gives us a leg up over China. Best think again.

At the very least signing FTAs with these island nations won’t even be a rounding error for China’s GDP but there is no question we are way behind on diplomatic negotiations.

So when they buy Maseratis with our taxes we should not bat an eyelid. It’s a pittance in terms of what places like PNG mean to our long term security.  In fact we might have been better off suggesting the PNG government buy Rolls-Royce Cullinans as  a more sensible alternative given its SUV abilities.

If we’re so keen to stick to Paris should we feel guilty about nuclear power?

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Australia seems keen to stick to the Paris Accord. Despite knowing whatever we do on saving the planet through following the politics of Paris will result in no palpable change in world temperatures at considerable economic cost to overstretched taxpayers. If we seem so keen to do our bit for tokenism, why not copy so many signatories and build nuclear plants? After all if we don’t want to be censured for abandoning the accord should we feel any sense of guilt if we adopt the very same CO2 limiting measures of others? Safety in numbers – literally.

CM was privy to a meeting with a former US Navy officer who was speaking about how negative PR can create false narratives. Nuclear power was one of them. He argued that the US & Japan were losing the PR war hence technological leadership on civilian nuclear power. The likes of Toshiba-Westinghouse are now shrinking minnows whose dwindling order book looks like the victim of a sunset industry when in reality it has been terrible program management. However why should it?

Nuclear power is set to be 14% of global electricity generation by 2040 from 11% today. Emerging Asia get the practicalities of nuclear power. Affordable and sustainable baseload with virtually no emissions.

Of course the horrible outcomes of poorly managed nuclear plants has come at great financial cost as experienced most recently  with Fukushima but the safety record of nuclear power is astonishingly good. Quantum levels more people die in coal mine accidents every year than the combined deaths from radiation from Chernobyl or Fukushima meltdowns since either occurred.

The misplaced fear of Fukushima was so high at the time that Americans across the Pacific were stocking up on radiation masks and Geiger counters in preparation of impending irradiation. It seemed the further one got away from the reactor the more hysteric people became. Deaths in the US as a result of the Fukushima meltdown? Zero!

As it stands, the US has two nuclear plants under construction at present which are saddled with delays and costly overruns based on incompetent execution. The Chinese have twenty in the build phase. India 7. Korea and the UAE 4 each. Russia 3. Even Bangladesh & Pakistan have two in the pipeline using technologies outside of the US/Japan.

There are about 150 power reactors with a total gross capacity of about 160GWe on order with about 300 more proposed. Where are the former world leaders in power technology? Next to nowhere. Cowering in a corner and allowing themselves to be beaten up senseless over false statistics. Where is the PR reporting reality? It’s as if they’ve given up. Where is the media lambasting China, India and other nations for putting our lives at risk? That’s right – nowhere.

What probably escapes many people is that for all the negative news cycle around nuclear power and the thirst for renewable alternatives, many Americans are already surrounded by active nuclear plants. While they visit a zoo or the beach they are blissfully unaware that at all the naval ports dotted around the mainland (e.g. California, Connecticut, NY, Florida, DC, Texas, South Carolina etc) and islands (e.g. Hawaii, Japan) there are 100s of nuclear reactors sitting safely in close proximity to millions of civilians. Yet where is the outrage? Not a peep.

Shout from the hilltops at the efficiency of renewables all you want. Then explain why those with higher levels of renewables as baseload power end up with the highest incidents of blackouts and steepest prices.

South Australia is the case in point. Australia is home to the cheapest materials (gas, coal and uranium) to make affordable electricity but we have caved to the green madness and saddled ourselves with punitive power prices to meet goals based on unproven and often whistle blown manipulated science. If climate scientists were subject to the same punitive damages that players in the financial industry are then it is likely the “targets” leading to our ecological disaster would be pared back to such a degree we’d just keep calm and carry on. Yet because there is no risk of jail sentences the tax dollars get misappropriated, funding an industry whose survival and growth depends on fear. Talk about a lack of ethics.

Even worse we want to double down on this inefficient renewable technology (where claims are often made on 100% capacity rather than the 20% they truly operate on) despite having empirical evidence of its all too obvious shortcomings. Virtue signaling actions such as blowing up old coal fired power stations has ironically proven the stupidest of moves in that all the while demand hasn’t changed reductions in reliable baseload supply makes us vulnerable.

Throw on the desire to electrify the automobile  and we already know that existing base load won’t cope with the increased demands. Take a look at Britain as an example. Apart from the risks of losing massive fuel tax levies (around 5% of total government revenue) the power industry’s current projections of new electricity generation additions can’t meet the expected demand if we all plug our EV in overnight.

So Australia should quit worrying about what others think and act in its own best interests. Maybe Canberra needs a PR agency more than the nuclear industry does. High time to look at real data and sustainability.

 

Musk channels the Black Knight?

It has become apparent that the SEC & Musk had a deal which would see him removed from Tesla yet his lawyers have rejected it at the last minute because he’d rather fight the charges. One could argue in favour of his bravery to appeal against what looks to be a very open and shut case about breaching probably the most basic of errors in standard reporting to the exchange to ensure fairness.

Maybe he feels that he is only going to get a slap on the wrist? In the 63 odd charges laid out against individuals by the SEC for reporting violations in 2018, the average fine has been $75,000. Hardly a ripple to Musk’s net worth.

The bigger risk for Tesla shareholders if Musk loses in court against the SEC and is forced out (to be honest his board should demand it) will be losing a figurehead who at the very least has managed to make a company with no profits, monster debts and questionable actions worth more than Ford, FCA & GM combined. Betting against Musk has been a dangerous game. He may well be teflon coated but it remains questionable whether he can strap himself to his reusable rockets and escape the fraud charges.

Musk charged with securities violations

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Tesla CEO Elon Musk has been accused by the SEC of violating Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 [17 C.F.R. § 240.10b-5]. The SEC claimed,

“Musk’s false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla’s stock and resulting harm to investors…Musk knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions. When he made these statements, Musk knew that he had never discussed a going-private transaction at $420 per share with any potential funding source, had done nothing to investigate whether it would be possible for all current investors to remain with Tesla as a private company via a “special purpose fund,” and had not confirmed support of Tesla’s investors for a potential going private transaction. He also knew that he had not satisfied numerous additional contingencies, the resolution of which was highly uncertain, when he unequivocally declared, ‘Only reason why this is not certain is that it’s contingent on a shareholder vote.’ Musk’s public statements and omissions created the misleading impression that taking Tesla private was subject only to Musk choosing to do so and a shareholder vote.”

The eccentric and maverick CEO responded,

This unjustified action by the SEC leaves me deeply saddened and disappointed. I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show I never compromised this in any way.”

It is common knowledge to corporates that the exchange is the first port of call for all public releases to be openly documented for consistency and equal access. It is irrelevant whether a social media feed might be deemed as “in the spirit” of open disclosure to Musk’s personal opinions. The SEC rules are the rules. There aren’t soft interpretations. A listing requirement is to follow the rules of fair disclosure. Whether Musk was or wasn’t aware is irrelevant – as the CEO of a $50bn company he should know better or at least sought the advice from those that do.

In any event if he was true to the spirit of good corporate governance he would have the good sense to realise his position as CEO has become untenable. How the board can have confidence in him is beyond CM? The multiple senior resignations give an insight but for all of Musk’s instellar cosmic brilliance as a salesman, unfortunately laws are there to provide safety for investors. The shares are offered 13% lower in the aftermarket.

A court will ultimately decide his fate but the $420 a share with secured funding unraveled so quickly as to question his judgement.

Investors, even the die hard believers, don’t need a CEO already under the pump to be distracted anymore than he already is. It is a shame because he is undoubtedly a brilliant mind. Unfortunately that would seemingly make him feel he’s somewhat untouchable leading him to make knee jerk decisions such is what he’s been charged over.