The End Of Britain:: The downward slide has begun


Britain is about to be flattened by a tidal wave of debt. It doesn’t matter if you vote Conservative, Liberal, Labour, UKIP – or for no party at all. The facts are the facts.

Let’s take a look at some numbers…

Two and a half years ago, when the Coalition government formed, we were already in a huge amount of debt. In fact, the previous government had left the country sinking under £700 billion’s worth. Take a look at the following chart:

UK_Public_Debt.jpg

Source: ukpublicspending.co.uk Read more of this post

Domestic terrorists don’t wear pinstripes


Is it just me that is absolutely gobsmacked by this!?

Further evidence, of the lack of consistency and glaring inequalities. OK, we know that Regulators and Legislators see fit to ignore the scale of the crimes perpetrated by these banksters BUT for how much longer can any right-minded citizen stand idly by?

More (costly) regulation won’t change this culture but, CONSTRUCTIVE TRANSPARENCY can. And, in the process, reduce the risks associated with such behaviours.

Political and Financial leaders know that they are playing a very high stakes game and that there is a growing threat that ALL that they hold dear will, as a result of both their actions and inaction, come under threat. Would this go some way to explain the rate at which civil liberties are being stripped away across the Western world? I sincerely hope that such questions or suggestions don’t qualify me as a “domestic terrorist” because, as a mere citizen, anything could happen…

JPMorgan Chase has been sanctioned by US regulators for failures in its risk management operations after it lost more than $6.2 billion on a single credit derivatives trade. The sanctions follow the disclosure of significant losses in a large synthetic credit portfolio that was managed by the CIO. The botched bet – made by UK big fish Bruno Iksil – had managed to wipe out $51 billion in shareholder value before alarm bells started to ring at the bank’s head office in New York. Among other things, the Fed identified deficiencies in risk management oversight, modelling assumptions, audit and finance reporting and escalation to senior management. The OCC further found that the bank’s BSA (bank Secrecy Act) compliance programme had “critical deficiencies” with respect to suspicious activity reporting, monitoring transactions, conducting customer due diligence and risk assessment, and implementing adequate systems of internal controls and independent testing. Despite the criticism, JPMorgan Chase escaped with nothing more than a rap on the knuckles. No fines were levied by the watchdogs and the bank didn’t admit or deny wrongdoing in consenting to the regulatory orders

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Fact or fabrication?:: Iran Attacks US Banks


The seal of the U.S. National Security Agency....

I am not anti-American nor am I given to looking for conspiracy theories BUT, wait a minute, what is that smell?

Can YOU smell it too? It smells like bullshit to me and “ticks so many boxes” that it looks like a lovingly crafted plot worthy of Hollywood. If you are a movie director or warmonger it wouldn’t work just quite so well if the alleged attacker were a non-Islamic country, particularly a powerful one like China, whose track record of cyber attacks on US isn’t great!

So here’s why I’m getting that whiff of BS.

The denial of service attacks now afflicting American banks are widely attributed to Iran. They’ve grown so serious that US banks have asked the National Security Agency for help.

via The Volokh Conspiracy » Iran Attacks US Banks; Privacy Groups Attack … NSA? Read more of this post

Use yer heid:: conventional wisdom requires a sound basis


Here is a piece that I found particularly interesting. The full article can be found here.

Neuroplasticity refers to the brain’s capacity to modify its organization, pertaining to the acquisition of new skills and learning. Several decades ago, the consensus was that the neocortical areas were immutable after a certain stage of development. However, recent studies determined that environmental changes could alter cognition by modifying neuron connections in adults. What’s more, it was determined that stress is the key factor in boosting plasticity, and learning, in the nervous system.

In other words, when the going gets tough, the tough get going. The brain says to itself: “Oh, my survival is at risk, so I’d better start thinking and learning really hard right now.” It’s only when you have skin in the game that you’ll really focus and learn.

Unfortunately there are still too many people who have difficulty in coming to terms with the FACT that, the others, who have always been around and tended to make things all right, can no longer be relied upon to do so!

Who’s that then?neural plasticity

The institutions that we were brought up to trust.

Organisations that could be trusted but who have shown themselves more concerned about holding on to power and/or wealth, than responding to he changes that right-minded people are, increasingly, calling for. Any innovation is on their terms and, first and foremost, for their benefit – destructive creation.

Read more of this post

The Nature of Business:: achieving through leading


That stats below merit some thought or discussion I would have thought!?

This is a Knowledge Economy of willing Risk Leaders, being starved of the liquidity of an Innovation Economy, by the discredited policies of political and financial institutions.

Unless we STOP constraining living business systems, with the structures, philosophies and values of a past era, we will fail to adapt to the complexity of systemic information-flow.

With the ability, for any firm, to measure and monitor business resilience on-line comes the capacity to better understand and build, measurably resilient; interdependent; sustainable; communities of dynamic networks and systems of sub-systems, with shared values, risks and rewards as the basis for an adaptable, sustainable and equitable platform for Responsible Capitalism.

In 1986 the average knowledge worker carried in their heads 75% of the knowledge they needed to do their job. By 2006 the average had dropped to 8%, today it’s around 5%, and within 10 years the average will be 1%. (ref. Carnegie-Mellon rolling study by Robert Kelley).

This is a paradigm shift. To succeed as a 1% knowledge worker requires learning different capabilities to before, not just trying harder. This is hitting leadership roles hardest, soonest. Leadership today requires much that leadership used to require; and a lot more that is part of a different paradigm.

As Peter Drucker said:

in times of turmoil, the danger lies not in the turmoil, but in facing it with yesterday’s logic.

via Leading with Love « The Nature of Business.