Oh No! Not Again!

“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon.

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If you have read any of my previous entries in the politics section of this blog you will already be aware of my extremely low opinion of the intelligence of those in America who are in charge of foreign policy.

These idiots blunder about knowing little of history or tradition in other nations and make quick reaction judgments that are short sighted and that have continually come back to bite them on the ass.

Well, not them exactly, but the poor servicemen and women who are sent in to mop up their messes.

So what has got me ranting this time?

Only the fact that the morons in charge are currently negotiating what is being called ‘a groundbreaking agreement’ that will give American nuclear know-how to the country where Osama Bin Laden and the vast majority of the 9/11 terrorists came from.

Yes, Saudi Arabia.

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The short-sighted US strategy is probably to assist an ally (an oil rich one, of course) to make it an unconquerable target for any of the other states in the area who have expansionist plans for the future.

Great – while the Saud family stay in control, or while a sensible member of the Saud family is in charge.

But what happens if, sometime down the road, the ruling dynasty is overthrown? Not an unknown occurrence in the Middle East. Or what happens if one day there is the equivalent of an ‘Osama’ in the Saud family just as there was in the Bin Laden family?

And what happened to all those non proliferation agreements designed to keep dangerous weapons out of the hands of those incapable of handling them sensibly?

The last thing the Middle East needs is yet another country developing nuclear weapons capability. It doesn’t take a genius to figure that one out.

If the consequences were not so potentially tragic, it would be fun watching the political morons in Washington justifying going to war to take nuclear capability away from Iran, which at least holds democratic elections, yet at the same time giving nuclear capability to Saudi Arabia which is an undemocratic dictatorship.

Not even the most devout liberal could spin that one to make it sound good!

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I Told You They Were Coming!

“Fight Against Stupidity And Bureaucracy”

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Time for another Sunday Sermon, otherwise known as a rant!

 

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First it was Cyprus where the bankrupt government tried to steal money right out of people’s bank accounts. If you want to read that again click here and here.)

Then it was the turn of the greedy bureaucrats in Australia who decided to tax pensions TWICE, once when you put the money in and again when you tried to take it out! (For the original post click here.) 

Now in bankrupt Spain the politicians are at it, however, this time they aren’t proposing to steal some of the money in your bank account  –  oh no, this time they want to steal your entire home!

Yes, you read it right, the Spanish government has announced this past week that they want to seize homes that have been foreclosed on by banks and developers.

Not that I have any sympathy with the banksters, not by a long chalk! But theft is theft, and theft by governments is perhaps the most evil of all simply because the victims have little or no remedies available – other than pack up and go somewhere else.

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As usual the politicians and bureaucrats are trying to dress this theft up as something helpful. They say they will rent the confiscated foreclosed homes to Spanish families who will be allowed to live there rent-free for up to three years.

Sounds great, but as usual what these political morons have failed to do is think their policy through.

If they go ahead with this plan to steal homes the consequences will not be what they think.

First of all it will destroy what is left of the mortgage market in Spain because no one will want to make home loans on Spanish real estate if there is no viable foreclosure mechanism should things go wrong for the mortgagee.

Second, it will go a long way to killing off the buy-to-let sector, which is the thing that has been keeping the real estate market afloat in these financially strained times. Home sales, not just in Spain, but in many countries have been boosted considerably by cash rich investors picking up what they consider to be ‘bargain’ properties at a level that yields a decent return on their capital. Where will they get that return if the government kills the rental sector by renting out homes for free?

And third, it will also kill off the recent Spanish drive to attract foreign investors by offering residency to anyone who spends around $200,000 buying up the glut of Spanish property currently on its real estate market.   

If these things were happening in Zimbabwe or even Venezuela everyone would be calling it a disgrace. But it is happening in Europe and Australia and America. And it will get worse the more desperate the politicians and the bureaucrats become as they make the mess they created worse, not better.

Who on earth put idiots like these in charge?

It wasn’t you was it?

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