Tragic and stupefying sale of Royal Mail

The sale of the Royal Mail (RM) is yet another instance of selling the crown jewels by this current government, it has been grossly undervalued. The initial public offering (IPO) has valued them at £3.30 per share and after just a single day the value of these shares has jumped by 38% to £4.38. As suspected by many sources the original valuation of this organization was grossly wrong. Vince Cable personally owes the British Taxpayer at least £1 billion plus. Not only this, the dividend yield of RM has been estimated at 6-7%.  The RM is a money making, profit making, public loved, public needed machine. The decision to sell it off is a typical short termism fix which a ridiculously inefficient, crazy government has done to try and reduce the deficit.  There should of been a public vote on whether the sale of RM should be allowed.  When you sell something you can only do it once this is so crass.  , not This is one of the worst back stabbing public to private sale to date.

So anyone in their right mind would ask why on earth sell it, I did say in their right mind. Whereas this sale is in the mind of Vince Cable and his Tory partners. At a House of Commons committee on 09.10.13. Vince was directly asked about the sale of RM being undervalued. His response was that the price of shares goes up and down. It was revealed also the prospectus weighed in at 440 pages long. The period of notice between offering and actual selling was so short no single body would of had a chance to read through this prospectus. It turns out RM was also 7 times over subscribed. Vince doesn't consider vast amounts of shares would of been bought by overseas investors.  These private organizations will for now make massive profits, massive. Vince says the shares will fluctuate but what he isn't understanding here is the IPO is now not one month or two months or six months, it is the current IPO pricing which has fallen exceedingly short of actual value. It is as though Vince has gone out of his way to give away money to foreign investors.  Vince has in no doubt lost the plot, he can not be allowed to stay in office or to remain an MP.  As Vince was asked how he came about the value of the RM he used the term "pilot fishing" and when questioned by MP Julie Elliott it was evident Vince had valued the RM by anecdotal, unrecorded discussions with investors.  The same investors no doubt who were about to buy shares. I suppose it didn't occur to him they might devalue the price so as to enhance their own profit. Again this is evidence of a man who should not be in government, a man who has made a billion pound mistake. When asked about the capital assets of the RM one MP advised the Mount Pleasants building in London to be valued at at one billion pounds asked if this was going to be offset against the pension liabilities the government had accepted for RM employees. Vince as ever hesitant in his reply dodged around the question, forehead with a troubled frown. It is as though Vince has not actually considered the repercussions of this sale, has not considered the real value of the business and just jumped on the Tory bandwagon of selling off assets for a doddle.

So who gets the useful idiot award for the Tories, Mr Vincent (frown head) Cable, who probably should be considering a retirement from office.  A long one, and as quickly as possible.

Fed up with the Tory machine

The last few weeks have been a living Tory nightmare, of publicity. I am beyond saturation point in seeing them on the news, if it's not Cameron it's Ozziborne, neither of them are fit to organize a piss up in a brewery let along run a country. And yet again I'll harp on to the fact Ozz has a degree in modern history not in economics so why the hell is he running the country's economy.  He can only get it wrong and get it wrong on a massive scale. I am fed up with every one of his budgets. He gives them titles like "this is the budget for growth" hell it was more like the budget of puke.  If you look at Ozz's early promises of where the country would be on it's deficit and spending they are all wrong, he has not achieved anything. The country has 1.2 trillion pounds of debt and as far as anyone in blue is concerned it's down to every person who gets welfare benefits in any form at all. They have removed laws which made employers take on disabled members of staff, they have villified those who claim benefits even though the majority of people who do are actually working and need them to subsidise their daily living costs. There has definitely got to be something wrong if the cost of living is so bloody high even people in work can not afford to pay their bills and feed themselves. It was with irony when Ozzy was asked by MP Teresa Pearce at a Public Accounts Committee meeting whether he knew how many times a family could go to a food bank, and he didn't. Ozzy thought because the Job Centre were advising claimants about going to food banks it was enough. The answer to the question was three times.  When Cameron was asked recently if he knew the price of a basics loaf of bread he mumbled a fictionally high price and then had the gall to say he owned a bread maker so they made their own bread. Bloody hip, hip, horay for Cammy it's good to know he can afford the electricity to run a bread maker, let alone own one. Because I don't know anyone who does own a bread maker.

The level of tripe which has been applauded from the Tory conference is outlandish as well. It is like there is a group of people living in some Utopia world on a hill in the middle of London who looks down on everyone else and doesn't have any insight about what it is like beyond their own hill. The Tory party are an insular millionaires club. Quite rightly Nadine Doris has described Cammy and Ozzy as upper class Eaton toffs.  Both these people need a lesson in humility. Take them out of their offices and put them on welfare benefits for two weeks, put all their politics on hold. Put them in the land of the unemployed, the working classes, those scraping together a living from hand to mouth. Of course they have to do this as actors and get dressed up in the part, add a couple of plane cloths minders in the wings to keep an eye on them as well.  Maybe, just maybe they would then understand the consequences of their actions, of their government, maybe they would learn some humility, maybe they would learn compassion even. Hell, I doubt it. To tell the truth it would be easier for a camel to fit through the eye of a needle before these obnoxious suit wearing idiots ever walked across the road.

Another raving Tory scoundrel is the editor of the Daily Mail, Paul Dacre. He has gone so far as demonise a deceased second world war veteran, Ed Milliband's dad. For something he had written in a diary when he was 17 years old. It is like Dacre has no sense of decency, The Mail has gone to the pits and can not call itself a newspaper. I'll not read a copy ever, but I'll use it to wipe my arse after a good big dump, because that's where it deserves to be, flushed down the toilet with the excrement of life. Dacre unbelievably was also a member of the Press Complaints Commission, which I guess was from necessity because no doubt there have been a hell of a lot of complaints about the Daily Fail. Dacre believes in sensationalism and he follows the whims of public opinion in the truest manner of a fair-weather friend. However, with with the advocated belief he represents middle Tory Britian and the free market economy. I wonder if he'd say this were he in an NHS hospital only to get a hip replacement which had come via the free market economy of Rumania. What is it about Tories nowadays that they have to be bullies, Cameron acts like this when opposite Milliband at every PMQ, he ducks and dives questions constantly, it got to the point PMQs are farcical, nothing more than a propaganda machine and vilification of the opposing bench.

I have so truly had enough of the lies, and deceit of the Tory machine the more I hear from them the more a pressing need to speak out against them and to even consider active campaigning against them as well. .