Thursday, 28 April 2011

I wrote this to A friend but its really a letter to everyone who is interested in just one small Journey through Life

Hi Roy,

I bought quite a few copies of Maverick in a remainder shop in Greenwich and gave them to staff and clients other business associates too.

I was in the property Business I had a Residential and Commercial Estate Agency/consultancy in London Docklands and A group of development companies which I disposed of between 2000 and 2005
I built up my business from 1990 to 2000 and concentrated soley on my development and investment companies from 1997 to 2003. I always kept my teams very small and had a large extended organisation of professional advisors who were employed specific to individual projects my intention was never to create some sort of Business Empire my sole objective was very narrow in that I wanted to soley make Money and get out. I really didn't enjoy the experience It made me very selfish and ultimately very ill although Financially it made me independant. My Business career showed me the worse of human greed in myself and also in my business partners investors and everyone who shared a place at the Trough with me it was truly a terrible experience but one that taught me quite a lot as did being one of the Rich in a world with too much poverty.
When I sold my main company in 2003 my world fell apart My wife and I divorced I became a drug addicted alcoholic i spent 2 years more or less trying to self destruct I attempted suicide and did all I could to self destruct it was a very lonely time and if not for my wealth at that time I think I would have sunk without trace. When I became a father i cleaned up and found a sense of purpose and responsibility I had never felt before and since 2005 when my Daughter was born I have become the person I always was inside and that sense of responsibility has changed my whole world view. Politically I always leaned to the left partly due to my upbringing partly through a sense of Guilt now I don't think in those terms at all I think in terms of a fair and safe and sustainable world where my children can discover who they are on their own terms in their own time and foster a feeling of belonging to a society or at least a community and family that cares about them as individuals.
I have had the luxury of a lot of time to think and heal and to pursue interests such as music to the absolute extent that I could ever wish to, so I count myself very fortunate. That said my financial independence is sorely at risk due to restoring my English Country Estate having borrowed money to do it following my divorce, my ex wife and I split everything 50/50 on which I have no quibble at all although the economic reality of being divorced was something I didn't acknowledge during my break down and I made some pretty dumb decisions, again decisions that would have led me to sink without trace apart from the very advantageous position I started from, ultimately being sold short by my bankers has made a considerable difference to my economic reality but when all is said and done I consider myself much richer now than when I had many Millions of Pounds in Cash sat in an Irish Bank on the Isle of Man. whilst all of that is another story my wish is to live quietly and modestly( by my standards ) in Sweden and help my Children get the best possible education both academically and in life without the differences that would have made life for them in England very difficult, Public School and so on wasn't a world view i really wanted them to grow up with my first instincts when I gave up business were to create a bubble for myself which I realised was a very unhealthy thing to have done now and I didn't want to remain in my gilded cage and subject my children to that level of dysfunctional delusion.

And so to the future and what will be not what was and might have been.

Hopefully that gives you some idea of where my perspective is drawn from, I like Sweden very much but I am essentially something of a recluse these days I have partied enough for three life times and still feel quite alienated from society and Government and very much from business and banking. I'm not sure how much that will change over time I do care very deeply about people but do not feel very well equipped to express how much I care in a wider sense about other people I do see bigger pictures very clearly and I can explain complicated or difficult concepts to others that they may struggle with as with other people there are some things that come very easily to me and understanding complex and diverse systems is one of them. For now I am still trying to fill the role of Father and Partner which I enjoy but which isn't that natural to me and that is really my main ambition in life not to cause any damage to the development of my Children as people. Thats quite a sad part of my own story growing up and which I still struggle with but I think will still take me some time to work past completely. These days I find that I am much more comfortable and content but do still have issues with Bi Polar which I have learned to control, I no longer Drink alcohol or smoke anything and I also try to keep an even routine without over stimulating and seek a balance, balance is difficult due to my manic and obsessive tendencies but I at least try to keep my sleep patterns and rest patterns as regular as possible which moderates my swings. Whilst I recognise some delusional tendencies still I have trained myself not to act immediately on any impulse or beliefs and to slow down and just take time over everything a kind of wake up and smell the roses approach. I guess the parrallels of bi polar in individuals to model one single loop learning are quite striking, they are to me at any rate. I was in therapy privately for over ten years which greatly limited the damage which my bi polar could ultimately have wrought upon my life
the two lost years I actually think were good for me in some ways as having survived them I can draw strength from what I remember of those years.

I subscribed to a new site called e gravatar the other day which allows you to put various profiles into one place I still haven't figured out what its for exactly but heres a link it had my myspaces you tube channel and linked in profile links a link to a blog I started on 5th April, the LPA receivers sold The Mansion at my Estate and all its Land on that date at a considerable undervalue although not much of a shortfall to the mortgage debt, I felt that it was a big mile stone in my economic life so I figured i'd try and document the journey from that point in time. Part of my research on banking is to do with a constitutional approach to the Mortgage contract and the nature of physical security and its valuation and further repayment beyond security and recovery for sale of assets at undervalue. The laws of fixed charge receivership are pretty arcane and are largely drawn from the perspective of the banks for obvious reasons an irony of Common Law and the precedent system and a further failure of the state to protect the individual from vested financial interests. I am working on my approach to the question of my own banking complaints with my London Solicitors Davies Arnold Cooper and have resolved to do what I can if I am able to afford to both in terms of time and mental capacity without depriving my family of both a comfortable standard of living and the large part of my energy to be a present and loving father.

I hope we are able to have a continued discussion regarding a way forward for society and communities Roy, I was going to read some more Schon and Argyris today in between finishing off a recording of a song I have been writing called Let them Eat Cake.

Best Wishes,


Friday, 15 April 2011

Collection of Posts in the BBC News Business blog of Robert Peston And Stephanie Flanders

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Do banks use billions in subsidy wisely?07:07am on 14 Apr 2011no 195 Hello Spike. I think that you are in danger of mixing up some apples and pears and oranges here. The Basic system at the end of the day is pretty easy to understand as was its intended purpose when adopted as our means of exchange.
The banks are allowed to issue debt money licensed by the government regulated by the Bank of England with some other watchdogs. The banks engage in two overarching fields Retail and Investment banking. It is their Retail Function that allows them to engage in their Investment Function it is the Retail Function that gives their debt money its value because of the confidence that its customers have in that debt money to buy goods and services. What happens Next is not dis-similar to the concept of Float in the insurance and re insurance business for an excellent explanation of Float go to almost any Warren Buffet letter to Berkshire Hathaway shareholders.
When people Like Lord Rothschild put this down in part to a failure of regulation and management he is of course correct as he is on so many things, what he is incorrect about is that any flexibility in the banking system with respect to Fractional reserves is not sustainable as a model for society as a whole. As a means of exchange it is both expensive and unfair to the banks customers who are after all both the Government and the People ( who are supposed to be the same thing broadly speaking) The banks are creating money from nothing secured against our own wealth and lending it back to us as coin of the realm sounds a bit far fetched?.
What is Investment banking if not the Innovation division of the Fractional Reserve side of the Banking Industry it is there to find ways around the very sensible limits, imposed by regulation ,to the extent to which banks can create Money and Make it disappear literally with a stroke of a pen, most of what is created remains in a loop that never gets into the real Economy quantative easing, the missing Billions look at the loop and connect things like record profits being reported now all coming from investment banking ( what are they investing in exactly) answer in their own merry go round ( some liken it to a roulette wheel ).
Personally putting that power in the hands of a few private organisations run by people clearly motivated by quite extraordinary levels of Greed seems to me to be a rather less appealing choice than The apparatus of the state which whilst unanswerable in so many ways is still constitutionally bound by the law of the land.Where there is separation of the Judiciary and the executive and a system going back to Magna Carta which most people would cherish as the cradle of democracy ( an almost laughable proposition these days, but this is what people believe).

Its definitely time for some fresh thinking on this there is a very real need for rigourous public debate of the fundamental root of the system whilst some people have rather a lot to lose they really should have nothing to hide. Indeed those of us given to poring over report and accounts and so forth kind of know where to look but regulation is both a sword and a shield and human ingenuity will always seek to buck any system and find the loopholes, accounting and reporting is sadly not exempt from this. Investment Banks would not exist without loop holes or indeed without their Retail banks or at least a belief at large that all banks are created equal ( the public have been hoodwinked on the distinctions for too long.)

There are some very helpful explanations of all of this over at the MENSA web site. Here is the link should you be interested on a more cerebral analysis of the concepts and systems in play here
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Guitar as Therapy. Mine saves me from the greedy Bank

I have been studying guitar seriously now for a year since I moved to Sweden from the Uk. I took it up in 2003 and played casually and with increased interest as the time has passed since then.
In conjunction with my increased interest in the guitar, I have also become more interested in Guitar Technology both analogue and digital and my interests have climaxed in an obsession now with Hexaphonic pickups, Guitar Modelling, Amp modelling and DSP.
 My conversion to a total commitment to learning guitar properly came by way of the epiphany of seeing Howerd morgen play chord melodies which awoke a slumbering interest I had always had in the direction of jazz the richness of the harmonies and melodic lines Howerd was demonstrating fixed for me the idea of where my musical journey needed to head. 
My partner is a classically trained composer and clarinetist this has been a great leveller in terms of a real appreciation of my musical knowledge and aptitude in relation to a real life exemplar of a truly talented and educated musician, whilst not have any ambitions in a performing direction or even writing or doing anything on a purely musical level professionally I had kind of resolved that should I ever be in the position that I wanted another career then I would look in the direction of something guitar related. Learning to play and actually playing makes me very happy and I find the technological aspects fascinating as well.
Well being in Sweden Now and with our interests in the UK being severely ravaged by the economic mess we laughingly call the British economy it seems that I will be looking for some way to make a living here in Sweden. An old drama teacher at my school in England once gave a lesson about getting into the world of theatre and film his advice was to get a practical skill that can be applied back stage or behind the camera, treading the board she explained was a precarious old business even in the best of times for the majority of those drawn to the thespian muse so a practical skill is what I am looking at and the technological aspects of guitar playing and the field of DSP and all things rig related and recording related across the Analogue to digital spectrum is where my mind is taking me.
Life is good here in Sweden I have two wonderful Children Rhiannon 5 and Rasmus 18 months a lovely Swedish Partner and an area of study that offers so much interest and so many challenges.
I have to apply myself to Swedish Language studies as well I made a good start but have had to concentrate the last six months on our interests back in the UK strangely I found my guitar and music studies were therapeutic in respect of completely allowing me to focus on something I enjoyed away from the really very stressful matter of dealing with an intransigent aggressive and ultimately greedy beyond words bank and their appointed henchmen known politely as LPA receivers.
The worse of the distractions of my greedy bankers may be yet to come, it would be foolhardy to expect them to begin acting anything like reasonably based on my experiences with them since the crash in 2007. One good thing that has come from it though is a growing interest in the alternatives to the broken western/global economic system the debt money global Monetocracy, the last UK election took place shortly after we move to Sweden I watched in horror at the unbecoming spectacle of the sitting Prime Minister seeking to cling to power and the equally unedifying spectacle of the other contenders scurrying around to get their angle at the trough. I don't want to appear bitter or ungrateful, my business career in the UK was successful by almost any ones standards and the route by which the economic system has conspired to confiscate and ultimately squander my assets was not brought about by any particularly over reckless decisions taken on my part. Like so many others I have been caught up in a set of circumstances way beyond my control having essentially retired, all be it very early in 2003.I did have a few years of wild decadent abandon, even if I had avoided that, I would have ended up at the same place in 2007, and nothing I could have done before the day that Lehman brothers came crashing down could have avoided the circumstances playing out now.
I am very happy and very content but I am also pretty appalled at the mess the world is in and I know that the current system has done a lot worse and continues to do worse to almost anyone else I could ever meet, when I think what is happening and has happened in my own business life in the past 5 years I can only begin to imagine how angry so many other people must be feeling, how helpless and without hope. If I am grateful for nothing else I am grateful for the political re awakening and realisation that I really do want my kids to grow up in a fairer world not just the fairer society that Sweden already represents but a fairer world where freedom really isn't as in the words of the old song " Just another Word for nothing else to lose"
Mind you in a Buddhist sense I guess freedom is nothing to lose in a material sense and you know what In my view freedom in that sense is winning.

Update 20 march 2017. These first few posts on this blog were the starting point of the catharsis of confusion anger and desperation, It has worked for me. The saying goes The Truth will set you free but first it will piss you off. Here are some of the songs and a poem I wrote at the time this Blog was started. Let Them Eat Cake Democracy 2011 99%