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So the IAAF have taken action to limit the testosterone level in athletes competing in female races.
I feel they should be congratulated for this and it should be rolled out across all sports. This should deal with the "cocks in frocks" issue, so no more men self-identifying as women and competing against women.
No idea whether to feel sorry for the South African intersex runner Semenya who will be affected by these rules, if "she" was born like that then it's not really her fault. She's done alright from her odd genetics and a line has to be drawn somewhere.
However the thing that really caught my eye is that the ANC are calling this racism and mentioning the apartheid era - would they do this if she was white?
Racism will soon mean "any offence to another person", it seems. WTF!
What for you constitutes being British? Other than having the passport, I mean......
For me, it's a person born in the UK or who came to the UK very young and :-
a) went through the UK education system and
b) was encouraged by their parents or had their own strong wish to integrate (some people integrate more despite their parents being against this).
Edit :- So I will definitely never be Swiss, despite perhaps being able to have the passport soon. But in my mind, my daughter will be. In the mind of Swiss people, maybe, just maybe, her grandchildren might be considered Swiss!
Prompted by Kurt's thread about persuading his Mrs not to buy a house...
This is worth a read to start with:
So, under PM Corbyn, what is the economic future of the UK? At the macro level it's clearly dire but what about at the level us normal folks (well, you normal folks - I moved all my assets to Canada barring whatever residual value my UK state pension may have a couple of years back) have to deal with?
First up, inflation. True socialism causes inflation every time. Once JC and JM have run out of other people's cash in the form of tax, they will have no option but to start printing. Not the weird QE type of printing where it sort of gets paid back so is sort of accepted by other government bond holders but the straightforward creation of cash from nowhere to meet the government payroll and benefits bill at the end of each month.
-> Don't hold cash, it'll inflate to nothing very quickly. Even 10-20% inflation (not at all unusual back in the 70s) will rapidly erase the value of that nest egg you spent so many years saving. And don't think that higher interest rates and therefore returns will help - you'll pay tax, at ever increasing rates, on all that income.
Next, private pensions. Socialists hate private pensions with a passion so expect any private pension savings you have to be taken over by the government in some way. The first encroachment is likely to be forcing private pensions to be held in the form of government bonds (e.g. Argentina, Hungary, Russia and others). Down the line, that will turn into straight forward confiscation based on some kind of "swap" for units in a government scheme of some kind.
-> If you have any choice at all in the matter, put your pension savings into an ISA for the time being - that way you can access them quickly if needed.
Third, shares, funds, etc. Mass nationalisation "paid" for in debased GBP puts UK company shares in the same category as cash. It may start OK with, say, the nationalisation of a few utility companies but initial success will embolden them and, very rapidly, that will expand across different sectors (see Venezuela for examples) leading to chaos.
-> Again, if you have any choice, don't invest in UK based companies (UK listed foreign companies are probably OK).
Foreign assets of one sort or another. It's a foregone conclusion that there will be extensive exchange controls put in place to prevent capital flight (for all the reasons just discussed, the smart money will be on a one way trip abroad once the next election is called) so get in there now. Over time, expect laws to be brought in requiring all foreign assets owned by individuals repatriated, but that's complex and would likely breach a number of foreign treaties giving you some breathing space.
-> Ideally, open brokerage accounts in safe third countries and move your cash there. You can have that cash invested in UK assets still for the time being to avoid any exchange rate risks.
Fourth, gold and precious metals. As per the last time all this crap kicked off, private ownership of these sorts of assets will be made illegal.
-> if you must, buy physical gold and silver and bury it in the garden or something.
Finally, houses! Back in the 70s, the value of houses fell (in real, not nominal, terms) but, compared to everything else you could own legally, not as much. Although JC and PM are very keen to suggest the expropriation of the houses of rich people to house their favoured special interest groups, they would not, I think, dare go for the houses of the much larger groups of people they'd be relying on for support (e.g. public sector employees, BBC staff, Islingtonites, etc.). This means that, of all the available asset classes I can think of, a private house that you live in is likely the safest way to preserve wealth.
-> Put all your cash into bricks and mortar. Sad, eh?
-> I hj
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