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Scotlands Homecoming 2009!

Caledonia

Original Tennents Commercial from the 80s

Scotlands Homecoming 2009!

http://www.scotland.org

Browns Bankrupt Britian!

Browns Bankrupt Britain!

It's January 2012 ... one year after Britain joined the Euro. Iain Macwhirter looks at the disastrous financial crisis which led to the historic decision

WITH HINDSIGHT, the most astonishing thing is that Britain thought it could remain outside the euro for as long as it did. As a vulnerable island, dependent on a bloated financial services sector, without any significant exports and lacking a reserve currency, there was no way that Britain was ever going to ride out the crisis of 2009-10 on its own. City of London types used to say that the only difference between Iceland and Ireland was one letter and six months. Well, the UK was a year behind and had nothing to write home about either.

As delinquent banks such as Royal Bank of Scotland, Barclays and Lloyds ended up being taken into state ownership, Britain's finances were trashed. The combined liabilities of the UK banks was £4.4 trillion, three times Britain's GDP, so public debt rocketed. Moreover, before the formation of the National Government in 2010, the then prime minister, Gordon Brown, had handed the banks over £1 trillion in loans, guarantees, buy-backs and shameless bungs. The national accounts became as a reliable as a sub-prime mortgage.

Borrowing as a proportion of GDP reached 10% in 2009 and was heading into the stratosphere as the country collapsed into economic recession.

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Nearly a quarter of the government's revenue - which had come in the form of stamp duty on houses, corporate taxes and income taxes - simply evaporated as house sales plummeted, businesses collapsed and workers became unemployed. The welfare bill soared as unemployment rose to 3.5 million in spring 2010. Britain's public debt was further burdened by new international accounting rules which required that the government own up to tens of billions in PFI schemes and place them on the public books.

The unfunded cost of public sector pensions added another trillion to the British accounts, leading to an astonishing projected public sector combined debt approaching £3.5 trillion. This could never realistically have been repaid and the international markets soon started selling sterling as fast as they could. Even before the recession began, the pound had lost a third of its value, but as it plummeted below parity with the dollar, the government suddenly realised that the stability of the national currency still mattered. Import prices shot up; public debt could not be financed; banks registered ever greater write-downs as the value of their overseas loans increased as sterling fell.

Perhaps Britain might have still been able to muddle through, had it not been for the Bank of England's decision to indulge in "quantitative easing" - or printing money. In desperation, the government urged Mervyn King to introduce a crash programme of expanding the money supply by direct purchasing of bonds and assets, underfunding government spending and other measures which had the effect of pouring trillions of pounds into the economy. The government was hoping to create inflation to reduce the value of public and private debts - but the international markets aren't stupid and they dumped sterling in record amounts. As the printing presses hummed and pensioners saw their savings evaporate, the government insisted there was light at the end of the tunnel. Trouble is, it was the light of an oncoming train.

The true causes of the sterling crisis of 2010 will be argued over for decades, but what is not in doubt is that the so-called "benign neglect" of sterling was a foolish policy. The government and the Bank of England had hoped that a fall in the value of sterling would lead to an export-led recovery, just as it had in 1992, when the pound dropped out of the European Exchange Rate Mechanism, and in 1932, when Britain left the gold standard and devalued the pound. On both occasions, British manufacturing rose to the challenge and took advantage of the low pound to sell in overseas markets. But the difference this time was that British manufacturing had largely ceased to exist, having fallen to 14% of GDP even before the crisis hit. Moreover, so indebted were many British companies that the collapse of sterling led to a wave of corporate defaults as firms could no longer rely on foreign lenders.

Finally, the global depression and the re-appearance of protectionism shrank opportunities for foreign trade.

Britain had become over-dependent on financial services, and while there was still demand for banking services, many of the more profitable activities of the City, like hedge funds, securitisation, mergers and acquisitions, and private equity deals were destroyed by the credit crunch.

The image and reputation of British banking had become irremediably tarnished by the activities of banks such as Royal Bank of Scotland and HBOS, which became a by-word for irresponsible and imprudent banking practice.

The continuing collapse of the housing market wiped out much of the rest of the financial services sector and led to mass redundancies in lawyers' offices, estate agents and even surveyors. Only the auction houses experienced a boom.

By 2010 it was clear that Britain was in a very serious decline. The choice facing the government was: default on its loans - like Russia in 1998, calling in the International Monetary Fund - which would have led to massive public spending cuts and huge increases in interest rates; or joining the euro. Default was unthinkable, the IMF route would have made the recession 10 times worse by throwing millions of public sector workers on the dole and introducing Icelandic interest rates of 15%. So the government saw no option but to enter negotiations for joining the euro.

At first, there was resistance from Eastern European and Mediterranean states which felt Britain was getting a get-out-of-jail-free card. But the French and Germans were so keen to complete the jigsaw of European Union that they agreed to Britain entering on a generous exchange rate. Instead of 15% interest rates, the UK adopted the European Central Bank rate of 2.5%. Britain's debts didn't go away, but since they were now underwritten by the entire EU, confidence was restored in the UK's finances. There were still millions unemployed, but membership of the euro boosted exports.

Britain's crisis is not over, and there are major problems, especially in Scotland where the economy has been devastated. But the UK heaved a collective sigh of relief in January 2011 when the pound, and all its history, was finally put to rest.

***

Meanwhile, back in 2009 ... what are the government's other options? By Westminster Editor James Cusick It will take "four to six weeks" for the government to work out the details of its last bank bailout scheme. According to the new Treasury minister, Lord Myners, the government could then be facing another crisis in early March if it miscalculates the premiums on the insurance scheme to cover the banks' toxic assets.

With the economy contracting at its fastest rate since 1980, the pound at a 23-year low against the dollar, unemployment heading past two million and predicted to pass three million before the end of the year, and no sector of the UK economy seemingly immune from the slump, the government options look to be narrowing.

However, apart from petitionary prayer, there are other key options that are being considered.

1 Stabilisation: Predictions by Myners that more bail-outs remain a possibility indicate one of the government's more immediate hopes is for any sign of stability rather than outright recovery, which will be far off.

The Bank of England has left itself little choice but to cut interest rates again. On February 5, a further cut of half a percentage point, at least, is likely. Inflation, already at an all-time low, will fall again. Inside the Treasury there remains firm hope that the fiscal stimulus packages will finally begin to take effect. But falling demand and a reluctance by banks to return to old, and discredited, levels of international lending, makes stabilisation still an item on an economic wish list.

2 Reform of the global financial system: This may be the golden key needed to open the door for a return of confidence. The G20 meeting in London in April, which Brown will chair, is the opportunity for him to demonstrate his now much-repeated mantra that the recession wasn't his fault, but was a global financial failure, and therefore a different kind of "boom and bust" than anything dealt with before.

3 Obama as the new Roosevelt: It may be as high as a trillion dollars, though Congress in Washington DC is already getting cold feet about the scale of Barack Obama's version of the "new deal". But whatever the final numbers are, Downing Street and the Treasury will be hoping the trickle-down effect turns into a quantifiable rescue-laden tsunami that will boost UK recovery.

4 The return of "old style" conservative banking: Brown wants to see a return to basic banking, free of the sophisticated gung-ho practices that became part of the unregulated boom. But to deliver back-to-basics banks, Britain still needs its banks to survive. Lord Myners has let it be known that "nationalisation" is not the answer. Brown soon has to put our faith back in the banks and the banks' faith back in themselves. In what time frame can this begin to happen? Ask around, but no-one has an answer to this.

5 Quantitative easing: Britain's best hope of recovery may yet lie in simply printing money to boost a potentially deflationary economy in recession. If money markets remain frozen, property prices stagnant and the banks still unwilling to risk their capital, quantitative easing - the professional economists' definition of switching on the printing presses - will be the government's final weapon. This is happening in the US already and it can't be far off from happening here. It has long-term implications, but then, as Keynes said, the long-term is for other generations when recovery is needed now.

Sunday Herald , Scotland

25/01/2009

http://www.sundayherald.com

Jim Rogers U.K.is Finished Sell all your Pounds!

Alba Oil and Gas Community on Facebook

I am still working on Alba.net servers attempting

to restore the Alba Social Network,but these hackers

have made a real MESS twice now (i am not happy)

I have redirected the alba.net domain to the

Alba Oil and Gas Community, group on facebook,

come on over and join us on facebook here

http://groups.to/albaoil

Cheers

Brian Simpson

Alba Oil and Gas Community

Elvis Presley - Jailhouse Rock (Live)

Alba Oil and Gas Community http://www.alba.net
have been hacked again, while programmers are
reinstalling new software and repairing the server,
this is beyond a joke and I have a wee message
for the hackers below!

The Oil Song - Steve Fobert

Hamish McEwen - Video CV/Resume

Drilling Rig In Canada!

Jewish Member of British Parliament compares Israeli troops in Gaza to Nazis

Jewish Member of British Parliament compares

Israeli troops in Gaza to Nazis

SIR Gerald Kaufman, the veteran Labour MP, yesterday compared the actions of Israeli troops in Gaza to the Nazis who forced his family to flee Poland.

During a Commons debate on the fighting in Gaza, he urged the government to impose an arms embargo on Israel.

Sir Gerald, who was brought up as an orthodox Jew and Zionist, said: "My grandmother was ill in bed when the Nazis came to her home town… a German soldier shot her dead in her bed.

"My grandmother did not die to provide cover for Israeli soldiers murdering Palestinian grandmothers in Gaza. The present Israeli government ruthlessly and cynically exploits the continuing guilt from gentiles over the slaughter of Jews in the Holocaust as justification for their murder of Palestinians."

He said the claim that many of the Palestinian victims were militants "was the reply of the Nazi" and added: "I suppose the Jews fighting for their lives in the Warsaw ghetto could have been dismissed as militants."

He accused the Israeli government of seeking "conquest" and added: "

They are not simply war criminals,

 they are fools."

Scotsman Newspaper

Published Date: 16 January 2009

http://www.scotsman.com

Children suffer in Israel's war on Gaza - 15 Jan 09

Children suffer in Israel's war on Gaza - 15 Jan 09








“Man's inhumanity to man makes countless thousands mourn”
Robert Burns, Scottish Poet


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Online Market Research

"How To WIN In Any New Market..."

Want to fly past the competition in any market you choose?

Well, there's one thing you need:

The RIGHT Information.

The less you know about a market online, the worse you'll do. You can't just walk into a new market blind and expect to run the right promotions, make offers your visitors love, and out market your competition in the search engines.

So unless you're prepared to waste heaps of your valuable time and money, you need market intelligence.

And all it takes to get this is:

• A little bit of elbow grease


• Knowing how to get that information

And here's the thing:

With this knowledge, you can avoid making expensive and time consuming blunders, and find out exactly who you're up against (and what they're doing wrong that you can take advantage of).

This information is all you need to start dominating a new market.

A New $50,000 A Month Revenue Stream?

Perhaps you have an existing business and are looking to pull in an extra $50,000 a month revenue from a new market?

Or perhaps you're simply looking to grow your part time internet business to bring in an extra $1,000 a month?

And when it comes to market intelligence, if you're looking to just make an extra $1,000 a month, the amount of research you do can reflect that.

You can do a little research, start your enterprise in the new market, and then continue doing research and perhaps graze your knees along the way. No real harm done if you're doing things at this gentle level.

But if you're looking for a new $50,000 monthly revenue stream -- well, at that level you're going to upset competitors - and if there's that much money at stake, many of them could be very established.

You'll need significant time and money to compete against that, and the right market intelligence will be the first thing you'll want to acquire to get the necessary edge to compete, and dominate your new competition!

So how do you get this market intelligence? I'll show you EXACTLY how...

Introducing, Online Market Reseach 101, from Brian Simpson

Full Video

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The Internet Success Machine!

The Internet 

 Success Machine!

Click Here Now!

Oil from Kazakhstan

The Kazakh oil fields are hotly contested. Western and Russian oil concerns both want to access the huge reserves. Kazakhstan has been playing hard to get, and trying to make deals with both.

In addition, the former Soviet republic is looking into alternative oil export routes that do not cross Russia, such as the BTC pipeline. The problem is that Russia has been putting Alma-Ata under pressure. It wants to regain its dominance over Central Asia. The state-run oil company KazMunayGaz is not interested in public relations, and rarely allows cameras on its production sites. But Christoph Wanner managed to get a look at Kazakhstan's oilfields.

Alba Oil and Gas Community!  http://www.alba.net

Oil Price in 2009?

Crude Oil Price

Vatican " Gaza Big Concentration Camp "

Vatican cardinal calls Gaza (big concentration camp)

Wed Jan 7, 2009 3:38pm EST

http://www.reuters.com/article/worldN...

http://www.ilsussidiario.net/articolo...

ROME (Reuters): Pope Benedict's point man for justice and peace issues on Wednesday issued the Vatican's toughest criticism of Israel since the latest Mideast crisis began, calling Gaza a "big concentration camp."

Cardinal Renato Martino, president of the Vatican's Council for Justice and Peace, made his comments in an interview in the Italian online

newspaper Il Sussidiario.net.

"Defenceless populations are always the ones who pay. Look at the conditions in Gaza: more and more, it resembles a big concentration camp," Martino, whose informal title is Vatican "justice minister," was quoted as saying.

Pope Benedict has made several general appeals for an end to the violence in Gaza but has not openly criticised Israel.

The pope is due to visit Holy Land sites in Jordan, Israel and the Israeli-occupied West Bank in May.

Al Jazeera - US coverage of Gazza Invasion!

UN Security Council approves ceasefire resolution

Peace Propaganda and the Promisedland
http://www.peacepropagandaandthepromisedland.com

BattleField Band * Scottish Music!

Pre-Launch of Webprosperity*

* WebProsperity Introduction Video *

Click Here For Webprosperity (its Free)

Review of Webprosperity Tools!

Web Prosperity Contact

Here is an overview of the Web Prosperity Contact tool








Web Prosperity Finder

Here is an overview of the Web Prosperity Finder tool



Join Webprosperity Free http://alba.webprosperity.com

Web Prosperity Calendar

Here’s an overview of the Web Prosperity Calendar Tool



Join Webprosperity Free http://alba.webprosperity.com

Web Prosperity Address Book

Here’s an overview of the Web Prosperity Address Book tool



Join Webprosperity Free http://alba.webprosperity.com

Web Prosperity Meeting

Here’s an overview of the Web Prosperity Meeting tool



Join Webprosperity Free http://alba.webprosperity.com

Web Prosperity Media

Here’s an overview of the Web Prosperity Media tool



Join Webprosperity Free http://alba.webprosperity.com

* WebProsperity Freedom Compensation Plan*

Click Here For Webprosperity (its Free)

Things are heating up FAST with Web Prosperity.

Over 5,000 people secured their position in the matrix

yesterday. Today new members are signing up every few

seconds. Check out the live feed of new member signups at:

http://www.webprosperity.name

OK, we all know this launch is going to be huge. I've heard

Web Prosperity is on target to become the biggest

opportunity launch in the last 10 years on the Internet.

Launches like this just don't happen very often.

Here's what you can do to take advantage of it:

Step 1) If you haven't done so already, go secure your spot

here: http://www.webprosperity.name

After you do that, you'll be given your own Web Prosperity

pre-launch website that looks exactly like mine below. The

difference will be that instead of it saying "alba" dot

webprosperity.com, it will be YOUR unique username that you

selected when you signed up.

http://alba.webprosperity.com

Tip: Whatever you put in the "Login" field when you sign

up will become your Web Prosperity username and will

instantly create your own unique Web Prosperity pre-launch

website. For example, I entered "stone" and so my Web

Prosperity pre-launch sign up link looks like this:

http://www.webprosperity.name

Step 2) The pre-launch period is very important. By signing

up before Web Prosperity officially launches and goes

public, you are getting a position near the very top of this

company. What that means is that you are probably going to

have A LOT of people placed below you in the matrix already

who you will be able to earn from. You'll find out the

exact number below you on launch day - January 6th, 2009.

But don't just be passive! *Right now* is the very best

time to invite people you care about to join your team in

Web Prosperity. You were given a free pre-launch Web

Prosperity website so you could invite others to learn about

this opportunity BEFORE the rest of the world finds out

about it. Start using your personal Web Prosperity

pre-launch invitation website right away and tell everyone

you can about this time-sensitive opportunity.

- Got friends and family?

Send them your link today quickly.

- Are you on Facebook, Twitter, MySpace, etc?

Tell your network right away.

- Do you have a blog?

Write a review and post it for your readers to see.

- What about an email list?

Send out an announcement to your subscribers fast.

Don't know what to say? Say what you'd say if you saw a

really good movie and wanted to tell someone else about it.

Just be real. That's all it takes.

Or if you're feeling tongue-tied, feel free to copy some of

the words or emails you've seen me use to share the Web

Prosperity pre-launch opportunity with you.

Here's what I've found truly amazing and very exciting

about inviting others to the Web Prosperity pre-launch:

My email inbox is jammed full of THANK YOU notes. People are

truly thankful to find out about this and secure their

position before the rest of the Internet marketing community

jumps onboard.

This is YOUR opportunity. Right now you have something very

few people in the world do. A priority position near the

very top of the matrix in what I predict will be the single

biggest and most successful online business opportunity

launch of 2009. I've been around a while and seen this

industry inside and out. Web Prosperity is *truly* special.

You have a GIFT to offer people because they can get

positioned near the top with you. This is about helping

people and lifting each other up to a higher place. People

are going to thank you for thinking of them and sharing this

exclusive opportunity that you've discovered.

Millions of people are going to be introduced to Web

Prosperity next year and many of those people will be placed

below you if you get in quickly (right now) and secure your

top spot by becoming a full member on launch day.

Brian, go get your spot now and tell everyone you

can about Web Prosperity through your personal pre-launch

invitation link before January 6th, 2009. There will never

be a better time to promote Web Prosperity than the next 7

days. What you do between right now and Web Prosperity

launch day truly has the potential to change your financial

life forever. Seize this special moment in Internet history.

Go for it . The clock is ticking!

http://www.webprosperity.name

Web Prosperity will take the Internet by storm in 2009 and

YOU have a rare opportunity to get in AT THE TOP.

They say: "If you snooze, you lose..."

I say: "Let *this* be your wake-up call "

Live with a sense of urgency, act as if your life depends on

it, take hold of the Web Prosperity opportunity and RUN! :-)

Your partner in Web Prosperity,

Brian Simpson, Alba Internet Marketing (AIM)

Web Prosperity: http://www.webprosperity.name

P.S. Everyone in the world has the power to refer others.

It's what human beings who care about other human beings

do. We tell others about great things that we've found

because we want others to benefit too. Web Prosperity is a

truly unique and rewarding opportunity that you've found

and now you are *empowered* to earn a fortune simply by

telling other people about it. Go do it now so all the people

you tell can benefit from huge the momentum of this launch!

Realise Your Potential !

Happy New Year 2009!

Happy New Year 2009!

Edinburgh, Scotland, Celebrations 

"May 2009 bring you and your family

 Peace and Prosperity"

Brian Simpson