Paul Ryan already brings Obama to address the issues.

Last weekend will be remembered for events in America, far from the Olympic stadia in London, with the appointment of Congressman Paul Ryan as Republican Vice Presidential candidate.

Fittingly it will be the obscene waste of most government spending in the West that must now come to be seen as the major issue of our age. Already incumbent President Obama has been brought up sharp to address that reality, read here.

The longer lesson of the London Olympics, fittingly illustrated by the garish and sometimes almost satanic nature of the closing ceremony, will perhaps come to reflect that such a display, is no way for the custodians of public funds, in a bankrupt state, to distribute taxpayers sequestered former wealth.

Olympian Oligarchy Now Shamed by Shuttlecock Sham.

Here is the article that beautifully encompasses, in a few neat paragraphs, all that the London Olympics has come to represent.

Any who have visited the home city of the modern Olympics, Lausanne in Switzerland, delightfully set in the calm tranquility of an Alpine setting, from which the splendour of Mont Blanc  can often be seen across Lac Leman, must quickly appreciate how far removed and out of touch with reality are the pampered and apparently easily corruptible elite who administer the movement which controls the obscene commercialised scam the modern Olympics have become, as typified in the games that Tony Blair contrived to impose upon the British nation, presumably as usual, in sole pursuit of his own self-glorification.

A collage of snaps of the damage the games are causing to normal London businesses may be seen in the Mail this morning, linked here.

An article describing the events on the badmington courts yesterday is again linked here. No doubt there will be similar scenes and disputes to follow before London is permitted to return to its normal life, poorer by an amount now estimated at £12 billion for the games themselve, plus the costs of lost productivity and business revenue  elsewhere.

How Bankia conned its customers and small investors.

Reuters has a good analysis, linked here, of some of the dirty tricks used to keep the large bank Bankia afloat for a few more months in Spain.

Given that foul, dirty and despicably fraudulent tactics were used to disguise losses within the Spanish banking sector and pass off some of the already known losses to depositers AND that this happened in one part of the EU where all that is awful, rapidly spreads throughout the other twenty-six member states while all that is worthwhile is ruthlessly turned against and eradicated, it would be worthwhile if Britain's bank account holders read of some of the tricks used, so as  to avoid being duped in the same manner and reduce similar potential losses in Britain.

This is probably particularly true regarding RBS, whose head has warned of huge coming financial penalties in respect of that bank's failings over LIBOR, events that took place before the taxpayer became obligated for its past sins, read here.

Rodrigo Rato, former head of the IMF and head of Bankia, has at least been arrested, see here, for criminal fraud in Spain as has one of the top bankers in Ireland but no such moves have been seen in Britain.

Little seems likely to happen in the UK given the glimpse we have been given into the mindset of our leaders over the London Olympics, as covered in this post from Orphans of Liberty, linked here.

Making the NHS the rock upon which stands Britain!

As Showbiz the London Olympics opening ceremony, with odd exceptions, was fantastic spectacle. As a statement of what Britain has become during my lifetime it was to me almost 100% spot on. The quite frankly completely weird dance to the oddly rendered hymn "Abide with me" being a particular case in point.

At the centre of it all was the NHS, those grotesque letter combinations (representing as they do Olympic Gold levels of managerial incompetence and waste at almost every level of its delivery,) even putting in an appearance at the centre of the stadium, with the massed rows of metal framed beds, with their child-patient occupants, pointing up the national obsession with the absolute right to free health care at every level of society, regardless of the self-neglect causing the complaints, or the cost to other tax-payers in attempting to rectify them with money being no object and often in the face of nature.

The absolute belief in the NHS, itself a major cause of my choosing not to live in my native country of England, not for health care reasons as I avoid medical profession encounters as far as I am possibly able on grounds of both cowardice and fear of quackery, but more for the muddled thought processes such a belief requires.

Perhaps this ceremony, highlighting the absurdity and huge cost of the wastefulness and complete social injustice delivered by such a healthcare system, will prompt a questioning as to its point and purpose in the minds of the people of Britain, and begin to effect a change towards the self-reliance for which the country once stood, which change is evermore essential if the age of austerity and EU corporatism (otherwise formerly known as National Socialism and Fascism) is to be brought to an end. If it manages that then the £11 Billion costs the Olympics have now cost will eventually yield a dividend.

On a positive note the opening theme from rural idyll to satanic mills was brilliant, the forging of the hoops absolutely spectacular and inspired while the final flame lighting in the cauldron being raised upwards completely breath-taking. Overall I enjoyed the concert outside Buckingham Palace for the Queen's  Diamond Jubilee marginally more on TV

A pile of scrap metal on Nowhere Island - London's Olympics typified

 

Nowhereisland

Orbit, a twisted pile of apparently scrap metal bits!

Also going nowhere!

Politicians of the three main political parties in Britain have all presumably had their input into how they wish the London Olympics to represent our Capital and the nation for which it stands.

What a fascinating insight to their minds and inner thoughts, this pile of scrap metal, "Orbit" (seen at its most grotesque, behind the shoulders of the BBC announcers from their Olympic Studio,) combined with the absurd "Nowhereisland" due to be towed from Weymouth to Exmouth, the town of my birth, sixty-eight years ago today, together brilliantly exemplifying what these three political parties have achieved during those years!

The only thing missing is a symbol for the crass commercialism and greed that will once again now be set loose!

Athen's Olympics contributed to the Greek Financial Collapse

In an ominous warning for London on the eve of the 2012 London Olympics year, already likely to see the collapse of the Euro common currency and widespread recession and depression across the world, a report in the Greek press today sounds an ominous warning.

The 2004 Olympic Games in Athens did aggravate the Greek debt to an extent, the head of the International Olympic Committee, Jacques Rogge, said in an exclusive interview with Kathimerini.

“You can fairly say that the 2004 Games played their part. If you look at the external debt of Greece, there could be up to 2 to 3 percent of that which could be attributed to the Games. It could have been staged at a much lower cost, as there were delays that rendered double shifts necessary, and having people work at night does cost more,” said Rogge.

Most thinking people foresaw what was would occur in Greece after the Olympics, the same situation exsists in Britain today, yet the Coalition Government remains similarly blind to the reality of impending impoverishment.

Cyprus next Euro Group Country for the Knackers Yard?

The PM of Cyprus has asked his entire Cabinet to hand in their resignations. With its power supply station blown up in a munitions dump explosion, see here, billions loaned to Greece, linked here - AND a downgrade by Moody's from A2 to Baa1, things are almost as ghastly as in London, where the citizens of that overcrowded, once upon a time centre of excellence,  have, this evening, been forcibly reminded that it is now only one year before the Olympic Games come to add to their daily misery of movement and increase in taxation!

We must hope that Cyprus is not the key to the extra support for the EFSF when bonds of Italy and Spain start to be purchased in the secondary markets as agreed last week, I guess Belgium will just have to stump up the extra, they may well agree - having no Government!