itsonlyrocknroll comments

Posted in: UK raises stakes in EU feud with threat to break Brexit deal See in context

Truss bill would be a breach of international law, far smarter for both sides to work together.

To be fair Truss proposals make sense. There would be no threat to the integrity of EU single market.

Oversight can maintain a duel approach.

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Posted in: UK raises stakes in EU feud with threat to break Brexit deal See in context

In full: Liz Truss sets out new law on post-Brexit trade deal for Northern Ireland

https://www.youtube.com/watch?v=nFGcqALxPh8

Shuffle through the candy floss to 24:10........

What Truss is proposing can be managed and joint validated. It would cut costs for business and bring a more unified community.

The issue is the bill requiring a breach of a signed agreement.

It would be smart for the EU to engage on Truss proposals. The EU single market would be protected through a joint approach without the need for the unnecessary bureaucracy.

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Posted in: UK raises stakes in EU feud with threat to break Brexit deal See in context

Two areas that Truss brought to Parliament attention, “dual regulatory system that encompasses either EU or UK regulation as those businesses choose; that reflects its unique status of having a close relationship with the EU, while being part of the UK single market”.

Also, a legislative mechanism to let Westminster fully and independently determine tax and spending in Northern Ireland. There is reference to the removal of ECJ as the final court of arbitration 

These proposals are significant changes to the withdrawal agreement NI protocol.

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Posted in: UK raises stakes in EU feud with threat to break Brexit deal See in context

Look, whiffs of posturing and grandstanding, a tactical ploy to push/force the agenda.

The legislation could take months to navigate committees etc. It unlikely to be waved through.

One thing though Johnson is baiting the EU commission.

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Posted in: UK raises stakes in EU feud with threat to break Brexit deal See in context

Liz Truss parliament/commons announcement gave little or no indication of what this bill actually entails. No details of content or text. Actually, nothing at all. Just statement of intent to present a bill

Johnson says his government wants to fix the Protocol rather than rip it up. The UK says technology and trusted-trader programs could be used to create a check-free “green lane” for goods destined for Northern Ireland that are at little risk of entering the EU.  

This statement on first sight makes sound common sense, if such intentions contain Johnsons honourable intent.

Also, Liz Truss contention “is consistent with our obligations in international law.”  is hokum pokum wishful thinking. Action Liz Truss is suggesting would be a breach of a signed international agreement. It is a cheat.   

Before either the EU or the UK start bellowing like a pair of big girls’ blouses, it might be smart to understand what is at stake from action that constitute a trade war.  

United Kingdom

EU trade relations with the United Kingdom. Facts, figures and latest developments.

https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/united-kingdom_en

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Posted in: Johnson: UK will act on Northern Ireland rules if EU won't See in context

The announcement expected in parliament/common today of a bill to allow UK government to allegedly, quote provide powers to override parts of its Brexit treaty with the EU, will be devoid of any detail, time table, or text.

However it will represent an edict amounting to breach of international law

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Posted in: Johnson urges end to Northern Ireland deadlock; spars with EU See in context

The NI proposal ?

Do me a favor, this is the reality on the ground. give Ireland back to the Irish?

Ireland has always been Irish Just are more Irish than ours.

100 years on: How do today’s Loyalist teenagers see their Northern Irish identity?

https://www.youtube.com/watch?v=WwfqtM9iMDA

Ten minutes of your time.

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Posted in: Johnson urges end to Northern Ireland deadlock; spars with EU See in context

Maybe to understand where we have come is to comprehend the history.

A tad bite sized but clear in its content.

The Troubles: five historical back stories...2019

https://blogs.lse.ac.uk/wps/2019/08/28/the-troubles-five-historical-back-stories/

Personally I believe in unity of purpose in Ireland, communities are still divided.

This division cannot just be wished away.

The Belfast agreement must be politically separated from the withdrawal agreement NI protocol.

Treaty justice/peace or a breach of International law is not as straight forward as one like to believe.

Johnson government has a history of sitting on there hand hoping issues will just melt away, there is also the toxic subject of legacy legislation , a subject not for this thread.

The death of the NI protocol will be a end game, that will pit the UK Government in direct conflict with the EU commission.

Boris Johnson is adaptive in his ability to pass/unburden his political soul, to cushion his unwillingness to fully take responsibility for his actions.

He has chosen his timing to apportion blame.

.

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Posted in: Johnson urges end to Northern Ireland deadlock; spars with EU See in context

Johnson can urge the Unionists and Nationalists to come together a form an administration.

Johnson cannot force the issue.

The Belfast Agreement never took into account a scenario that the UK would exit the EU. Read it

The Belfast Agreement

https://www.gov.uk/government/publications/the-belfast-agreement

The Agreement created a new power-sharing arrangement, including an Executive and Assembly, and was based on a series of fundamental principles including:

The parity of esteem of both communities

The principle of consent underpinning Northern Ireland’s constitutional status

The birthright of the people of Northern Ireland to identify and be accepted as British or Irish, or both, and to hold both British and Irish citizenship.

Politically the point now has been reached where the can cannot be kicked down the road or the issue thrown into the long grass.

When Johnson signed the withdrawal agreement a fuse was lit, that is now weeks away from detonation.

The Belfast Agreement has handed the methodology for the DUP to force the Johnsons government to act.

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Posted in: Man who mistakenly received entire town’s COVID-19 relief money vanishes See in context

It is the loss of face for the town officials, the embarrassment, the entire town’s COVID-19 relief funding missing handed over to a 24-year-old man who subsequently took it to be his.

He has a foot print from birth, employment history, family. schooling. health records.

No stone will be left unturned, his life and family will be dissected, details will be leaked to the media.

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Posted in: Man who mistakenly received entire town’s COVID-19 relief money vanishes See in context

A competent forensic accountant will follow the money, the financial records and transactions, tracing assets and movements of capital. Either by ATM or bank to bank transfers.

I envisage the authorities will acquire court orders to fan out the search electronic parameters and modeling.

First priority will be recovering the money.

Greed, that was this fools downfall.

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Posted in: Peace march held in Okinawa ahead of 50th anniversary of return to Japan See in context

Thank you, Desert Tortoise, I was not aware of Yokosuka history.

I understand the concern, the Japan people have a target on there back.

I am a tad cynical about policy of these forward bases main priority.

To protect Japan or US interests in the South China Sea?

With the war in Ukraine, the regional security objectives could change.

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Posted in: Okinawa marks 50 years of end to U.S. rule amid protests See in context

I believe genuinely that the Government of China would celebrate the removal of US military support in Japan.

The Government of China behaviour in Hong Kong its smothering of any form of democracy is proof enough, before the genocide of its own people.

How long before the Senkaku Islands, its waters came unter threat?

Before the Russians in the north!

Think carefully!

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Posted in: Ukrainian band Kalush Orchestra wins Eurovision See in context

Great Britain came close, I can't say I was enamored with GB's song, second place after years of scraping/bumping along the bottom has to be recognised.

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Posted in: Peace march held in Okinawa ahead of 50th anniversary of return to Japan See in context

Peter I believe that these forward bases have been indispensable for the protection of US interests since they came into service.

Okinawa will continue to bear the burden, as will Yokosuka.

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Posted in: BOJ chief rejects scaling back monetary easing as Japan 'different' from U.S., Europe See in context

Ok just my humble opinion.

Japan debt to GDP is 252%

So, lets discuss debt servicing, MOF projections. over a five-year period, debt servicing worth 24.3 trillion yen for the next fiscal year, would hit 28.8 trillion yen in fiscal 2025. All the number were presented to the lower house budget committee.

Bank of Japan' primary role is to effectively bankroll public debt roughly twice the size of Japan's economy.

So where does the money come from?

That has to be financed by the taxpayer, a quarter of this year’s fiscal state budget some 107 trillion yen.

Of course, not all public debts are similar, A large proportion of J debt is domestically held.

So, this mountain of debt falls on the Japanese people, bondholders, banks, various corporations, pension funds, saving etc.

JeffLee theory, is If the debt carried no interest, J government could simply decide never to pay it back, the Abe roll over on each bond, without harm to the economy.

Simple, yes, well not quite. At present the interest 0.1% for 10-year bond yield appears feasible. However rising commodity, energy, and food prices, plus geopolitical risk Ukraine, could change the playing field.

The debt mountain hasn’t subsided.

The debt-to-GDP ratio continues to grow, the public, pensioners, savers, confidence could wane in the taxpayer’s ability to consolidate interest payments.

If a defined fiscal limit were reached, interest rate could spike, leading to an immediate default.

Let’s be clear economists cannot determine where that fiscal limit lies.

No country ever of similar economic output, wealth has ever defaulted. Every J bank, financial institutions, insurance companies, pension funds would become insolvent within days.

The yen would collapse, which would bring into question how the country would meet costs for imported food/energy.

You borrow it, you one way or another have to pay it back. Roll over? It begins to look like rolling under a tram

There a number of options that could move shift the burden. one should be seated for this, wealth redistribution/tax hikes. All would be unprecedented and politically unsustainable.  

Another thought is Japan’s foreign currency reserves.

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Posted in: Peace march held in Okinawa ahead of 50th anniversary of return to Japan See in context

Is there really any prospect of peace?

What is there to commemorate on this 50th anniversary?

The global community is closer to blowing the living daylights out of each other tomorrow let alone 50 years ago.

Certainly if the unthinkable took place and the Government of China took advantage of the Putin's crazy war in Ukraine, invading Taiwan, those forward bases will become indispensable.

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Posted in: NZ Prime Minister Ardern tests positive for COVID-19 See in context

As I, in gloomy despondency contracting Covid, I took every precaution, Doctors insisted I must move on, Covid is not a danger one can jump out the way of, like a speeding cyclist peering into a smart phone. The hazard risk jeopardy is odourless and unseen.

I hope Jacinda Ardern recovers soon and keeps her spirits up.

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Posted in: UK warns 'no choice but to act' to change Brexit deal See in context

I have a solid grounding in the intricacy pertaining to financial law.

No amount of jiggery-pokery can duck and around treaty law.

You sign, you have and obligation to follow its stipulation and protocols.

A number of newspapers have suggested fully invoke section 7a (EU Withdrawal Agreement) which would effectively snuff out the entire withdrawal agreement. Truly unthinkable.

The Guardian also quoted Article 62 of the Vienna Convention, allowing a country an escape route through fundamental changes not envisaged at the conclusion of the treaty.

Both these options are extreme to put it mildly.

Hitherto the UK EU relationship is on the verge of political collapse. and a trade war.

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Posted in: California ban on selling semi-automatic guns to young adults overturned See in context

It is smart and wise to understand the US weapons industry and personal gun culture..

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

U.S. Bought Almost 20 Million Guns Last Year — Second-Highest Year On Record

https://www.forbes.com/sites/joewalsh/2022/01/05/us-bought-almost-20-million-guns-last-year---second-highest-year-on-record/?sh=75ff44bd13bb

An individual self-defense right.

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Posted in: Japan, EU agree to step up sanctions against Russia, focus on Indo-Pacific See in context

The Global free world do fully take into account the EU and Japan energy contracts are fully financing Russian Government war in Ukraine, that has proven to be genocide, coupled with the continued war crimes,

I find that photo a despicable display of hypocrisy and double standards.

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Posted in: UK ramps up threat to rewrite Brexit deal with the EU See in context

What's concerning is the attorney-general, Suella Braverman, is reportedly approved the removal of substantial sections of/to the NI protocol.

Braverman approved legislation/measures to unpick the deal and protocol would be legal, as opinion of EU implementation is disproportionate and unreasonable, thus undermined the GFA and quote fuelled civil unrest.

The government are briefing the bill as an option. However, there is also moves to remove checks entirely on goods destined to stay in Northern Ireland and overhaul VAT.

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Posted in: UK ramps up threat to rewrite Brexit deal with the EU See in context

Whether one voted to remain or leave the European Union the signed withdrawal/protocol agreement has to be respected.

The Theresa May/Boris Johnson incompetently negotiated deal negated checks at the Irish land border, pushing them to sea and air entry points to the island of Ireland.

Causing an economic frontier between Great Britain and Northern Ireland.

The DUP have forced or attempting to force the governments hand.

"There is no consensus for this. It is harming our economy, it is driving up the cost of living, it is undermining political stability in NI. It threatens the Good Friday Agreement. It (The Protocol) has to be dealt with."

DUP leader Jeffrey Donaldson will not leave the commons, and his party will not enter into NI power sharing that requires Sinn Féin and DUP to share first and deputy first minister posts.

There are reports that Liz Truss Secretary of State for Foreign Affairs has legislation prepared as early as next week to revoke NI protocol.

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Posted in: Japan planning to allow 20,000 daily foreign arrivals in June See in context

J Government must represent a clear coherent policy.

Japan planning to allow 20,000 daily foreign arrivals in June

That number could be plucked out of thin air.

In late April, private-sector members of a government panel on economic and fiscal policy called for relaxing the daily foreign arrival cap and easing additional immigration procedures.

What is driving the policy?

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Posted in: Shanghai reaffirms zero-COVID policy; WHO says it is not sustainable See in context

Is a WHO team of scientists and analysts on the ground?

Fact not conspiracy theories and speculation.

The Government of China is locking itself down.

Why?

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Posted in: Queen misses UK parliament opening for first time since 1963 See in context

I regret that some of the passion Queen Elizabeth II had for reign might have ebbed away on the passing of Prince Philip, Duke of Edinburgh. 70 years of duty, is remarkable.

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Posted in: UK Labour leader says he'll quit if fined for office beer See in context

UK needs stable government with a credible opposition, the squabbling finger pointing has to stop. Accusations of Covid hypocrisy must take a back seat.

This war in Ukraine is in danger of mission creep into a uncontrollable confrontation that could spark nuclear artillery of limited-yield tactical nuclear weapons.

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Posted in: As Putin marks Victory Day, his troops make little gains in Ukraine See in context

Whatever one feels for Putin's Russia, what did those WW2 Soviet veterans have to commemorate on Victory Day?

Nothing, Putin's Russia has gone full circle, the scourge in the here and now.

Rise up.

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Posted in: As Putin marks Victory Day, his troops make little gains in Ukraine See in context

Russia, US, Britain, France, Holland, Poland armies, navy, air force liberated Europe from the scourge of Nazi Germany.

Yet Russia under the dictatorship of war criminal, Russian President Vladimir Putin has returned Europe to the dark days of mass murder, daily atrocity.

What is left to celebrate on Victory Day for the thousands of families that will forever live in despair of there lost family members loved ones, at the feet of a tyrant threating nuclear war?

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Posted in: UK Labour leader says he'll quit if fined for office beer See in context

Simon, there is allot of huffing and puffing and Starmer, Johnsons behaviour is clearly chalk and cheese.

Then mix in the dark arts of political intrigue as you rightly point out

I may berate Starmer and Johnson, should both resign, Johnson yes, not for party gate, but failures of leadership.

Starmer had a beer and a curry, and his resignation would not be in the interests of her majesties opposition.

If you are caught put your hand up. I made a mistake.

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