#london

Is Tommy Robinson in the minority with a #2 rank book on Amazon?

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There is no moral equivalence to be drawn here with this latest attack outside Finsbury mosque in London. Innocent people were mown down by a van driven by someone filled with rage and hate. Social media is already screaming “bigot, racist, terrorist, anti-Muslim, radical” but there is a much bigger point not being addressed. The social boiling point is being reached much more rapidly than the media will admit.  Tommy Robinson was accused across social media for inspiring anti-Muslim rhetoric and fueling this person to commit the crime. His tweets matched his long standing convictions and predictions. Perhaps everyone who has bought Tommy’s book “Enemy of the State”  (ranked #2 book on Amazon UK, #131 in Canada and #2375 in America & now $350 on paperback) could be a risk of commiting such acts if that is the generalization. Of course it is nonsense. By the measure of the sales success perhaps his views maybe more mainstream than the negative ‘extreme’ moniker that is often hurled at him.

Could it be argued that a growing number of people are growing sick and tired of random jihadi attacks and see this book as a guide on how the government isn’t  handling the problem? That was not a intended to be a fact checking laced comment rather pointing out that many people potentially share his supposed ‘patriotic’ view as demonstrated by the commerciality of his writing. This is no longer a pure jihadi problem but one that is now likely to become tit-for-tat terrorism which carries far more negative connotations.

Think beyond the all too common propensity to push prejudices by lashing out on social media with little thought to trying to understand the full arguments of alternative views. Do we take a book review from apologists as fact when most of those have probably never read his book cover to cover? I am reading it because I want to form my own judgement rather than rely on others’ bias. He has strong views but no better way than self vetting. I’ve read Mein Kampf in what must be the most appalling book ever written – grammatically and content-wise. For one whose family escaped the deaths camps of Poland, trying to understand the ravings of Hitler brought added perspective to the horror although some might conclude reading it is an endorsement. It is not.

Innocents are dead or injured in this attack on Fisnbury Park Mosque. If indeed Tommy has a minority view, most people wouldn’t buy his book. Are all the people that buy it racist? Even if one thinks they are then even more reason to say that the government’s current pandering to political correctness won’t solve these hate fueled events whether radical jihadis or right (left?) wing nutters. Do violent video games incite massacres? Are all ‘Brexiters’ a carbon copy of the man who murdered Labour politician Jo Cox days before the referendum?  Do we need to bring in Islamophobic legislation like Canada (Bill M-103) to shut down people expressing concern? No, No and No. Current policy approaches are having the opposite effect as this attack proves.

At the time of the Manchester bombing I warned that vigilantism would be an ugly side effect of endless political correctness. Coincidentally Robinson suggested similar views about the rise of vigilantes after that post in a vlog. Wasting a lot of time on what  motivated the driver to commit such a terrible crime is not necessary. It is obvious. It is a revenge attack. This is highly likely to be a person screaming out for something to be done about a problem he obviously doesn’t think is being handled properly by elected officials. He probably viewed himself as a vigilante even if that title might be an overreach in this instance.  This in no way defends his despicable actions. One man’s terrorist is another man’s freedom fighter was often used by IRA sympathisers. Still it doesn’t in anyway condone killing or maiming innocents, no matter what ideology, faith, race or background they come from. It is plain awful. The majority of people would agree with that view.

Revenge attacks and reprisals only exacerbate a rapidly deteriorating relationship. However trying to say the perpetrator proves that not all such attacks are driven by radical Islam doesn’t address the core of the problem. The majority of good people (note a deliberate statement not to go down the identity politics line) want an end to innocent deaths at the hands of extremists but if free speech and the ability to tackle radicalism (wherever it lies) aren’t openly addressed these events will sadly continue. It should be totally in the interests of the majority of ‘good’ Muslims (I detest that phraseology) to want to stop radicals from collectivising their faith with what they perceive is the wrong interpretation. Common sense would say they are the most important link in the chain to weed out those who want to kill in the name of Allah. They need to be front and centre of the debate.

What the UK government (and other governments) have created is a monster of their own making. Candles, flowers, lit monuments, avatars, expressions of sympathy and ‘love conquers hate’ posts dodge the need to have a serious debate on the problem. Now we have seen first hand a real openly targeted revenge attack in the UK, people need less sanctimonious posturing on social media and focus their energies on truly understanding what is at stake. That is to ditch the liberal hand-wringing and have an open debate on the problem. Robinson’s book isn’t selling in the volumes it is by chance. Politicians should pay attention to this trend. It is not about arguing about whether he is right or wrong but noting the simmering underbelly of a growing number of people fed up with inaction. This is the end of the beginning not the beginning of the end.

Bon chance! Macron aims to hollow out The City (of London)

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According to the French Consulate in London, there are around 400,000 French nationals living in Great Britain. ONS reports that there are 157,000 Brits living in France. A fair assessment would be because the working opportunities in the UK are more abundant than those in France. Indeed London is the 6th largest French city. Bigger than Nantes, Bordeaux or Strasbourg. London has always been the financial hub of Europe and Macron is promising to shift that to Paris. There are plenty of reasons why that won’t happen.

First, the latest survey on financial sector relevance puts London at #1. Financial sector relevance really revolves around one crucial thing – liquidity and sensible regulation that isn’t overly onerous.

President-elect Macron is discussing the idea of stealing up to 20,000 brains from London into Paris. The surest fire way to ensure that won’t happen is that the UK can easily nip this in the bud. If the EU looks to slap certain financial restrictions on banks that don’t comply then they’ll happily conduct business in places where they can. Macron should know that ‘liquidity attracts liquidity’. Put in roadblocks that inhibit it and capital will seek freer climes to operate in. UK can cover that put option simply and easily. Nothing tickles a banker’s appetite more than the ability to operate in a less restrictive environment. There is no reason a multinational company listed in Frankfurt would try to raise capital in Europe if the UK was half the cost. Goldman Sachs employs some of the best legal brains to get around any problem.

Money is more global than ever. Singapore is a good example of that. More and more robots are trading currencies, equities and commodities. ETFs abound. The financial services industry is shrinking in absolute number of employed. By way of example the number of registered securities professionals in Japan has more than halved in a decade.  So Macron can make all the half-baked knee jerk promises he likes but social media has a way of making everyone remember when it suits least.

I’m betting on Britain. National currency, national central bank and soon to be fully flexible policy setting. Speaking of currencies. Did you know that none of the bridges depicted on euro notes actually exist? They decided against on the basis that certain nations might get rubbed the wrong way if say Germany was on the 500 euro note and Rome was on the 5 euro note…that ought to tell us something.

Bon chance mon ami!