Opinion – Attorney General Sessions Announces Opioid Fraud and Abuse Detection Unit | OPA | Department of Justice – John Gelmini

As far as I am aware no organised criminal gang including Chinese Triads, the three different Mafias, India’s O2, the Japanese Yakusa, Yardies, Columbian Cocaine dealers has access to large container ships and cargo planes, so the question is who does?

Dr Alf wonders why the American Government have not been keeping track of the figures?

The Bureau of Alcohol Tobacco and Firearms, the FBI, the Drug Enforcement Agency, all keep figures and have armies of Dr Alf’s to do the number crunching, so the figures are available.

A look at the geography is instructive, as is the history.

Drugs from Afghanistan have increased in quantity twelve-fold since the toppling of the Taliban, in 2001, and AI and technological development is going to eliminate 50% of American jobs by 2033. Perhaps this is coincidence?

I tend to think that getting people to poison themselves with drugs is a way to ensure that their jobs, if they have one, can be eliminated, thus doing away with any necessity to retrain people or create jobs.

A war will eliminate more people and generate money for its funders, and with Donald Trump pressing his generals to say that Iran is not complying with their nuclear agreement we can see the seeds of confrontation apart from sanctions on Russia and sabre rattling in the South China Sea.

We know from HSBC that drug money is in the banking system to the point where some financial institutions cannot do without it.

Whether the will is there to stop the flow of opiates is therefore questionable as can be seen by comparing the Singaporean approach to drug dealing with the one in America.

John Gelmini

mainly macro: How Brexit will constrain a future Labour government – Simon Wren-Lewis

In this short article, Oxford macro-economist, Simon Wren-Lewis explores how Brexit will constrain a future Labour government.

Source: mainly macro: How Brexit will constrain a future Labour government

This is a good article and well worth a read. It’s worth dwelling on the massive tax increases that a future Labour government will need to levy to meet their commitments to increased public spending. But on the back of a worst-case Brexit outcome, this could be truly draconian.

Simon Wren-Lewis concludes:

‘The hard truth is that any deal which avoids serious economic costs for the UK is going to make most of the 52% pissed off. And they will remain pissed off until either we reduce immigration, with the economic costs that will bring (less schools, less hospitals, higher taxes), or senior politicians start being honest about the benefits of immigration’.

Imagine three Brexit outcomes:

  1. Best Case
  2. Median Outcome
  3. Worst Case

So if we get, a Far-Left Labour government post Brexit the new outcomes become:

  • Best Case Brexit + Increased public sector spending financed by higher taxes
  • Median Outcome Brexit + Increased public sector spending financed by higher taxes
  • Worst Case Brexit + Increased public sector spending financed by higher taxes

But as Simon Wren-Lewis concludes politicians need to start being honest about the benefits of immigration, otherwise everybody is going to be unhappy with the economic consequences.