"THE CITY" - THE LAST WORD

Big news is expected about The Higgs Boson today – if there is anything new under the Sun – but before this blog again wrestles to comprehend the mysteries of the universe and forecast the future; here is advice on the future of “The City”.

AIMS: WE WANT INTELLIGENT LEADERS TO CREATE GOOD PROJECTS, GOOD JOBS AND GOOD FUTURES FOR OUR CHILDREN AND GRANDCHILDREN.

1) Pathetic slack-jawed idiots who mouth “…but there’s no money left” should be re-educated in Siberian Gulags for 10 years, to shock their dumb brain cells into action; or be taken to the Vet and kindly put out of their deluded misery.

2) The Real-Economy is the most productive, wealthiest, most automated, most sustainable – ever. The global problems are sharing the wealth fairly in the Money-Economy.  Incontinent mad money-gamblers may wreck the whole machine.

3) The Money-Economy, the paperwork, has been hi-jacked, sabotaged and shovelled to tax-havens for 30 years by spivs, rogues and sociopaths. The Rivers of Cash could be and should be repatriated via Back-Duty tax laws.

4) The Money-Economy is ridiculously overstaffed and overpriced. It (bookkeeping) could be and should be transparently run on international computers – IBM Mainframes. Introduce a single World Currency. In the meantime, the incumbents should damn well do their overpaid jobs properly, with integrity, good faith and goodwill.

5) The Money-Economy is only bookkeeping. It should follow and serve the Real-Economy and the Knowledge-Economy, not purport to lead them.

6) The Knowledge-Economy, the electronic revolution, the Internet and its peripherals, can quickly replace “The City” and manage the transition to fair-share, automated systems. It requires honest, courageous World Statesmen. Does anybody know one?

As Captain Picard commands his loyal crew: “Make it so!”

20^th July 2015. Letter to The Guardian

The deeply worrying implication of Jill Treanor’s report of KPMG’s analysis “Banks expected to struggle with ring-fencing target” Guardian 20 July 15; is that the 2008/09 £1.2 trillion taxpayer bailout (£54,000 per UK household) was not nearly enough; and that banks have also lost all the credit balances of today’s savers. Separate out the ordinary depositors funds and the banks’ gambling arms will be revealed to be in serious debt; so the logic goes. Why wait till 2020; ring-fence these crazy transactions today. Will KPMG tell us how much more banks have lost - and who has gained?

Noel Hodson

Oxford