An Agitator recalls… (5/7/12)
1.In trade union publicity in 1999 ,I noticed the trend after the English- Marxist- radical- liberal tradition for countries which had been defeated in war to pay a tribute in goods, food and services to the victors i.e. Britain and the US.
2.In.2003 I predicted "the deepest crisis since the 1930s" and so it has come to pass as illiquid banks have hit the wall. In 1990 while I was living in Dublin-in front of the Central Bank,to be precise- I noted to Micheal O’Muireagain of Sinn Fein that bank reserve ratios were too high in Ireland because the Irish had copied the English practice of £1.50 loan to £1capital ratio compared to 4:1 for Germany and 6:1 for the US. O’Muireagain was a convicted bank robber and traded my ideas for a position as a languages instructor at Deutsche Areospace in Bad Altona while claiming to demote me from secretary to member of an unemployed action group he controlled. He was disappointed- I left. (I had gained a renewal of the lease on the group’s premises and the role of secretary was handed over to an illiterate, ambitious adulterer).
3. In September 2008 I predicted "a double dip recession". In late 2011 the economy plummeted for the second time in one period of recession.
Lost words…
Mea Culpa .IIn 2003 I got the nature of British manufacturing wrong. It is stable and directed on an increasing basis towards exports. The trade gap is falling.
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