Wednesday 19 January 2011

Rational debate: thy name does not appear to be James Delingpole. But Talbot Church gets my vote

It is fair to say that in the long run everything is balanced out, although I am obliged to add that, as John Maynard Keynes pointed out, ‘in the long run we are all dead’. In the short run and in politics, the left must put up with government by the right, but, don’t worry, for in time the right will give way and be obliged to put up with government by the left. Were British politics to be viewed over the past 200 years, it would be apparent that, more or less, the awful ‘progressives’ have had their hand on the tiller for about as long as the awful ‘reactionaries’ and neither has had a disproportionate time in office. (I should add, though, that as far as I am concerned both terms are next to meaningless: there are as many reactionaries who regard themselves as ‘progressive’ as there are innovators who are seen as ‘reactionary’.) Naturally, if the perspective is a lot narrower, the balance isn’t always too apparent. So someone born in the mid to late Nineties, such as my two children, will only have known Labour government (I won’t say ‘New Labour’ as that was just so much PR bullshit dreamed up by the essentially red-top mentality of one Alastair Campbell, he of Diana, ‘the people’s princess’.) They will now know that Labour isn’t the be all and end all of politics, by the time they get to be my age, they will also come to realise that politics is not the be all and end all of life.
When I was at college, the lefties all thought of me as a righty and the righties thought of me as a lefty. In fact, I was – and am – neither and have remained, overall, pretty much dead centre all my life. My father once accuse me of being ‘dangerously liberal’ which, at the time – I was still in my salad days – I thought of as being a contradiction in terms. Now I know it isn’t and I fully understand what he meant, but then from his 30s on he was always pretty much ‘on the right’.
I usually do my best to avoid political discussions because they are invariably horribly dull. Either both sides agree with each other completely, or the ‘discussion’ quickly degenerates into a slanging match. Very rarely indeed are both sides prepared to listen to what the other has to say, to consider it and to responded rationally.
All this occurred to me when I visited the Daily Telegraph website for a general mooch around and spotted the name James Delingpole. I’ve twice met him very briefly and on the second occasion decided to take against him when – he was still wearing his hair exceptionally long – he wrote off the band Steely Dan. Everyone is entitled to their opinions and own tastes, of course, but anyone who writes off Steely Dan wholesale, even if they don’t like their music, is either striking a pose or downright stupid. I now suspect that in Delingpole’s case it is the former, because he is now an established youngish journalist who makes his living writing for right-of-centre publications and producing pieces along the lines of ‘how awful the world is/is becoming/will be in the future’. That’s fine and dandy from some hack in his late
50s with a drink problem (I intend calling him George Rant), but Delingpole is not in his 50s (as you can see from the piccy) and, as far as I know, doesn’t have a drink problem (which the piccy cannot establish either way).
The piece I spotted in the Telegraph, which you can read here, is true to form. It is headlined ‘Why we still love Sarah Palin’ and to give you a taste of the kind of reasoned, intelligent polemic it sets out to be, contains the observation that ‘President Obama is a socialist and his administration a crazy house of eco-loons, crypto-Marxists, progressives, collectivists, surrender monkeys and anarcho-lesbian harpies’. I could live with the opinion that Obama ‘is a socialist’, but the rest of that sentence can be taken no more seriously than you would the rantings of your local bar bore. On the face of it, Delingpole does not strike me as the kind of chap who would contribute very much to a rational political debate.
For a taste of something a little more rewarding, I can recommend a distinguished writer and journalist called Talbot Church who is currently employed by The Independent ('The Inday'). You can find his latest piece (or, if you are reading this in the year 2015, a piece he wrote several years ago) here.

Monday 17 January 2011

Are hedge funds listening to the right Chinese whispers. And who exactly are the experts? And Blair is back in the limelight, the slimy little toad

Mention hedge funds to most people, and you could well have them spitting blood. The conventional – and ill-informed wisdom – is that those nasty hedge funds, in cahoots with the banks, more or less brought the western world to its knees. But that is all rather unfair on hedge funds.
Admittedly, they are, like the law and The Ritz, open to all – i.e. they are open to all who have several million to spare and can afford to take advantage of the expertise they offer, but in principle you and I can do what hedge funds do and if we get it right, we, too, would be quids in. That is, of course, a big if. For the fact is the hedge fund managers put in a hell of a lot of work to spot winners – and losers. And it is the profits they make on spotting the losers which seems to upset everyone.
That is odd, because no one objects to anyone identifying a stock it believes is undervalued and buying up that stock in the belief that in the future it will gain in price. It so happens that hedge funds often do the opposite: they identify stock which they believe is overvalued and then short-sell it. Moralists might claim that such action profits from failure, but I can’t see it at all.
I began to understand a little more of what hedge funds do when I heard an interesting piece on the radio by the guy who made a pile for his hedge fund by spotting that Enron was a wrong ’un.
In the course of his work, he was going through the published financial information of a variety of firms and something about what Enron had published didn’t add up. So he concentrated on Enron and decided – quite rightly as it turned out – that Enron was just another house of cards. So he bet that the house of cards would come tumbling down and that the stock would be worthless. It isn’t, of course, quite that simple, and a fair degree of luck is involved in the timing. But, broadly, that is what hedge funds do (and I suspect a large amount of the hostility towards them is based on the fact that we can’t get a piece of the action.

Naturally, not all hedge funds are a success and that is part of the risk taken by those who agree to lend to hedge funds. There was the famous case a few years ago (so famous, I can’t even remember the name of the fund) which had to be bailed out in order to ensure the whole system didn’t collapse, but I assume that was the exception which proved the rule.
I mention this because I came across and interesting piece in the Telegraph the other day about how a number of hedge funds have done their homework and expect China to come crashing down sooner rather than later. Naturally, there is any number of Cassandras who, some gleefully, predict doom and disaster several times a day at the drop of a hat, but what I feel is significant is that in this case – to use a phrase usually employed elsewhere – this isn’t personal, it’s business. Hedge funds who do think China is going to go tits up sooner rather than later and are prepared to act on their analyses are not interested in making a political point. They are neutral.
It is common knowledge that a massive price bubble exists in the housing market in China’s coastal cities and bubbles always – always, always, always – burst. Always. Every so often some idiot comes out and foolishly pronounces that ‘boom or bust’ has been beaten, and the announcement is always followed pretty soon by the very bust which was never again going to happen.
The problem with China is that it is not playing by the ‘rules’ (if, indeed, there are any rules in the capitalist game of beggar my neighbour.) So its factories are working flat out,
but because the value of the yuan is being kept artificially low, the goods they produce are cheap, cheap, cheap. We buy them cheap and feel prosperous, and China sells shedloads and feels successful (as, I’m sure, does the couple left). But it can’t go on forever.
I also read recently that China has built any number of ‘ghost cities’ just to keep its workforce occupied. They are called ‘ghost cities’ because no one is living in them. What compounds the problem is that with all the money it is making by selling cheap goods to the western world, China has been busy buying up whatever assets it can – from agricultural land in New Zealand to rare mineral mines in Africa and, most pertinently, sovereign debt in Europe. In the past few days, Portugal, which is deep in the shit and issued more government bonds to raise more money, got a pass because good old China came along and bought a great deal.
Of course, anyone – including China – who buys such bonds always runs the risk that the seller will eventually go bust and be unable to honour them, but that’s the name of the game.
But the hedge funds have done their homework and many of them believe the writing is on the wall for the present round of Chinese good times. They could well be right.
The real problem is that the west is banking on a prosperous Chinese middle class buying up the goods and services it produces to help us out of the current slump. If China does go to the wall, it won’t just be the Chinese middle class who suffer.

. . .

A few years ago, the Economist did an experiment: it choose a number of shares in three different ways. First it asked acknowledged ‘stock pickers’ (the kind of guys who choose which stock your investment fund should invest in) to make their choice. Then it simply picked stocks which tracked the FTSE. Finally, it took a pin and, with whoever was wielding the pin suitably blindfolded, stocks were chosen at random. A year later it looked at how those stocks had performed.
Well, you know exactly where this is going: the stocks picked at random did better than those picked by the professional stock pickers, which did more or less as well (or badly) as those which tracked the FTSE. Well, it’s a good anecdote and one which should be taken seriously, but it has to be said that there are several variables here which make the tale rather less shocking than it might seem. (OK, ‘shocking’ is laying it on a little too thick, but you know what I mean.)
First, there is the element of luck, which simply cannot be quantified. Then there is the ‘expertise’ of the stock pickers, which on the face of it rather undermines what I have written above. But still, it does rather put all that hi’falutin City stuff in its place.

. . .

Make a note in your diary: this Friday (January 21), a certain Anthony Charles Lynton Blair has a second date with our very own Chilcot Inquiry, which is looking at why Britain under Blair decided to invade a sovereign country without UN authorisation of any kind and got away with it. It will be his second appearance, and it seems he has been
recalled because of discrepancies in the evidence he gave the first time. This morning’s papers carry report that in previously classified evidence Blair’s Attorney General Peter Goldsmith admitted to the inquiry that he had been ‘uncomfortable’ with Blair’s interpretation of his legal advice on the legality of invading Iraq. Given that we in Britain have made polite euphemism a way of life, for ‘uncomfortable’ read ‘after what I told him, I didn’t know what the bloody hell he was playing at’.
For the record I think, and have always thought (though I admit that is a very easy thing to say now, but – honest, guv’ – it’s true) that Blair was a nine-bob note (a nine dollar bill or a nine euro note – you get the drift). I have also thought that he was and is a sandwich short of a picnic, although quite in what way I couldn’t tell you. No doubt he will try his usual trick of stating the obvious at length and with great authority, thus seeming to say something while, in fact, saying nothing whatsoever. And, of course, the real irony is that even if things were to do against him drastically, it wouldn’t matter. The moment has gone. He is yesterday’s man and of no importance anymore, so what would be the point of pursuing him, as some want to do, in the International Court?
For the record and according to the website Iraqbodycount between 99,374 and 108,492 Iraqi men, women and children have been killed since the invasion in 1983, rather more than were dying when Saddam Hussein was in charge. Blair and others would perhaps claim that they wanted to rid the world of a dictator and bring democracy to Iraq. To which I say, why just this one dictator and just how patronising, not to say neo-imperialistic, to insist that the rest of the world should do as we in the west say and adopt our way of governing. (I like to think in terms of self-determination rather than ‘democracy’ – ‘democratic’ Belgium has been without a government for ten months; and if the majority in a country are in favour of, say, a theocracy, who are we in the west to object?)

Saturday 15 January 2011

Euro: a slow-motion car crash. And are Nicolas Cage and his senses going their separate ways? Quick, more holy water!

The wise old Economist (which I think of as a magazine, but which insists on calling itself a ‘newspaper’) the week leads: The euro crisis: time for Plan B. What I think is so significant is that as a rule the Economist makes Pollyanna look like a manic-depressive. Optimism and looking on the bright side is its stock in trade. I always imagine that the week after Armageddon, some bright spark writing the first leader will begin: ‘Well, the worst is over. What lessons can be learnt.’ So when the Economist, the cheerful Economist, is gloomy about the prognosis for the Eurozone, you just know things are bad.
It writes that all the bailing out hasn’t really worked. The strategy was intended to demonstrate to the money markets (remember them?) that they could huff and puff for all their worth, the Eurozone would stick together and see each and every member through. Well, the huffing and puffing has carried on (with a short break for Christmas, of course, we
can’t begrudge the money markets a break after all that frantic activity), and it seems the strategy isn’t going to work. Which brings the usually cheerful Economist to Plan B: restructuring of sovereign debt, for which read all the countries up to their neck in debt should get in touch with their creditors and work out an easier timetable for repaying all the moollah they borrowed during the eternal summer of the early days of the euro. Doing that a few months ago, the Economist argued, would have caused panic and precipitated a crisis, but things are now so bad that the sooner the ‘restructuring’ is done, the better. Delay will only make the pain worse. This, I should repeat, from the every-so-optimistic Economist for whom the glass is always half full. So, is that it?
What should be remembered is that before the euro was introduced with a glorious fanfare and promises of prosperity for all (and naked contempt for all the siren voices disinclined to join in the jubilation), countries going bust usually went down alone. And they didn’t always go down. They had the opportunity to devalue their currency and put up with a few years of being condescended to by their more frugal neighbours. Now, in the glorious brotherhood that is the Eurozone, they are all in danger of tumbling down together. What might have been, in global terms, a local crisis will not, if it does develop, be a supra-regional crisis, and for that very reason even those who don’t belong to the Eurozone will suffer. And all this was predicted by those very siren voices decried by all the euro fans.
Given that things are already tough in Ireland and Greece and look like getting tough in Portugal, it would be more than unkind to say ‘we told you so’. After all, it is always – always – the ‘little man’, the ‘man in the street’ who suffers, never the fuckwits who caused the mess in the first place. But you do hope that, for once, the decision-makers will heed that line from the Economist and learn a few lessons. Or to put it another way, you do hope that finally pigs will learn to fly.

. . .

It’s the little things which can add those moments of pleasure to life, and one such little thing came my way earlier this morning when I was reading some film reviews online. One review was of the new film Season Of The Witch, which stars Nicolas Cage as a murderous crusaders with an impeccable American accent. Historically, it seems, the film is several miles adrift of what we know of medieval times in that it details the outbreak of the bubonic plague which is said to have claimed the lives of one-third of the population of Europe. That outbreak is blamed on Satanism and witches and Cage the crusader is tasked with escorting the chief satanic culprit to her trial before a church court. It did not bother the producers that the last Crusade had ended 70 years before the plague broke out, nor that the latest scientific research indicates pretty conclusively that the plague was spread by rats carrying infected fleas, not witches casting evil spells. But it wasn’t Hollywood getting up to its inaccurate best which amused me.
The review I read describes Cage’s performance as low-key to non-existent and remarks that he seem very subdued, even depressed throughout the film. It seems he had good
reason to: a castle near Bath he had bought and had renovated has been repossessed as have two homes he owned in New Orleans. His money troubles might also explain why he felt obliged to take the part in Crusader Of The Witch which by all accounts was a pretty low-budget production. (The reviewer remarks that ‘The armour seems made out of cardboard. The swords look ¬plastic. The backdrops resemble stage scenery’ and was none to impressed with the dialogue – characters are reduced to this: ‘Let’s get the hell outa here!’, ‘We’re gonna need more holy water’ and ‘I’ve saved your ass’.)
This is all bad enough – for us all, not just Cage, the actor decidedly on his uppers – but in his review, the writer also added the strange detail that Cage will now only eat flesh from animals who have ‘dignified sex lives’. That’s got to be a wind-up, I thought, that really is a case of an actor turning the tables on the press and sending them up for a change. But apparently it isn’t. Cage announced it in a serious interview with the New York Daily News, but even as I was reading it, I thought the joke was on the paper. Not a bit of it. Mr Cage, it seems, might well already be a sandwich short of a picnic.

Tuesday 11 January 2011

Belgium next for the EU chop, strong-arming Croatia and why Hungarian pseudo-Fascists could be Brussel's next headache

Now that the dust has settled on Ireland’s bond crisis and the feelgood sentiment of Christmas and New Year have lulled us all into think the worst was over, those nasty money markets fire another shot across the bow of the good ship Complacency. It is more or less a done deal that Portugal is next in line for a euro bailout, but the surprise comes that Belgium could well be far closer to the brink than we have all thought. Belgium? One of the original Benelux countries? (The clue’s in the name). Boring Belgium, merely known for huge portions and a Flemish right-wing which is as close to being Nazi as makes no odds? Yes, that Belgium. It hasn’t had a government for the past ten months and an emergency budget passed to try to get to grips with the country’s debts is thought to be too wishy-washy by half. So now King Albert II has ‘urged’ the politicians to come up with a rather tougher budget to see the country through to better times. Quite why he thinks they will does as he bids and reach some agreement, given that both sides – the Flemish and the Walloons – are so at daggers drawn that they can’t even agree on forming a government is a mystery. But even the fact that the king – who as far as I know has no constitutional role to speak of – has decided to get involved should reassure as that this is no minor crisis.
The Germans, as brave and steady as the next man until they decide they have had enough and will look after number one with a ruthlessness which always takes one’s breath away (and that, by the way, is not mean as criticism – I rather admire how they have so far remained on the sinking ship), will feel the crisis getting ever closer. And they will not like it, although they might feel easier about bailing out fellow Northern Europeans than they did about rescuing the Greeks. I read or heard (or possibly dreamed) that China is considering buying up euro debt and could thus be part of the lifeline, but at this point, I can’t be arsed trying to source that particular titbit of news. It would, however, make sense: China can produce as much as it likes, but until Africa is ready to buy its goods – which will not be for many more years – it needs a healthy Eurozone and a healthy America to soak up those goods. No buyers could cause an slump in production at home and the result of that would be even more domestic unrest.

. . .


Croatia is on the brink of probably becoming the EU’s newest member, although most polls show markedly lukewarm sentiment among the Croatian in the street towards membership. The government’s in favour (of course), and its polls are rather more positive. But all the independent polls have support in the mid-30s, which is not exactly a ringing form of endorsement. One reason given is that after Bulgaria and Romania were allowed to join on quite favourable terms and have now done nothing to fulfil their promises of cracking down on corruption, the terms of Croatian membership are likely to be tougher. All the accounts I have read spell out harshly that the same criminals who ran Bulgaria before it became an EU member are still running the country. And if similar sums of EU money being syphoned off by the Mafia in Italy are going missing in Romania and Bulgaria, the poor German taxpayer has one more thing to worry about.
The basis logical flaw in the argument for being a member of the EU is that we can’t all be ‘exceptional’. To be an ‘exception’ (i.e. to be economically better off than your neighbours) you must, by definition, be in the minority. But if everyone and his dogs joins up, what’s the point?
What is bothering many in Croatia is that ‘stringent’ EU rules mean that farmers must either drastically improve their operation at great cost or go out of business. In practice, that means the big farmers – for which read those ‘farmers’ who are, in fact, part of some multinational conglomerate, will have the resources to re-tool according to EU rules, but your small to medium-size farmer will not. And so your small to medium-sized farmer is destined to go out of business. And in view of that fate, your small to medium-sized farmer is asking him or herself: why should be join the EU and go out of business if we could not join the EU and stay in business?

. . .

The real trouble, of course – to use a cliché, the elephant in the room – is that Western European countries, which formed the EU until a dozen or so years ago, have, by and large, a history of democratic institutions. On the other hand too many of the new ‘member states’ haven’t. And it is a moot point as to what would happen if things really got out of hand and there was widespread unrest in the streets. We Brits reckon our cops can behave ‘brutally’ but, in truth, they are models of discretion compared to how the police in other countries behave. Then there is the ticklish question of what the EU establishment would do were an outright authoritarian regime to be established in one of its member states? I’ll be blunt: I’m thinking of Hungary where the rather nasty Fidesz Party has just enacted a series of media laws which are more reminiscent of the regime run by the Communists less than 22 years ago. Just how happy is the, avowedly libertal elite, in Brussels with this development, which is even more embarrassing given that Hungary has just taken over the rolling six-month presidency of the EU? If it behaves in the way it has been reacting to all the EU money going missing into the deep, deep pockets of crims Europe-wide, it will simply employ the ostrich strategy, stick its head in the ground and pretend it isn’t happening. The government under Viktor Orban, who founded the Fidesz Party, says it also plans to rewrite the constitution. Nothing wrong with that, of course, but judgment should be withheld until one can read what the new constitution spells out. And it doesn’t look particularly encouraging.

. . .

Incidentally, it is more than just amusing when governments get precious about their prime ministers. It is also rather odd, although quite what this oddness can signify is not easy to tell. After I had written the above part of my entry, I was idly looking through other pieces which have appeared in the Economist recently and came across a recent spat that newspaper had with Hir-TV, Hungary’s state TV. The Economist had printed a picture of Viktor Orban and, in order to make it look neater in its page layout, it had cropped the left and right sides of the picture. I include both (taken from the Economist website to demonstrate what was done.) Hir-TV rang the Economist and accused it of ‘manipulating’ the picture, although, according to the Economist, it would not specify how it believed the picture had been manipulated. After that phone call, it broadcast its claim without pointing out the the newspaper had denied it had done what Hir-TV claimed. This is all very odd. Most politicians are robust and can take gentle ribbing, but here there was not even anything as gentle as that: there was nothing. So what was going on? Here are the pictures: below left is the original supplied by AFP, and right is the same picture cropped by the Economist.

Saturday 8 January 2011

Democracy Russian-style or why bullshit reigns supreme and Putin's indisputably the man. And a picture in Lederhosen

I’m sure we’ll all familiar with the habit of ignoring a bad symptom and hoping it is just a passing glitch and will, in time, right itself. An example might be when your car occasionally, but briefly, cuts out as you are accelerating or the engine takes at least 20 seconds to catch on a fine spring morning. It’s nothing, you tell yourself. Or there’s that persistent ache, a pain almost, at the bottom of your back to the side which you tell yourself ‘is nothing’ and keep telling yourself ‘is nothing’ until an X-ray confirms the worst. Or there’s that patch of damp which you persuade yourself isn’t growing just as you manage quite well to persuade yourself that your bald spot ‘isn’t growing’, that your debts are still manageable, that your partner isn’t losing interest in you, that you’re still regarded well at work, that it’s still light enough to carry on painting the gutter - our ability to bullshit ourselves is infinite and, it has to be said, nine times out of ten quite harmless. But that ability is not just confined to people. Countries and continents suffer from it, too. So we are still persuading ourselves that Russia ‘is now a democracy’, although admittedly ‘a developing democracy’ which has had and is still having its teething troubles, but that’s just the way of things and bit by bit things are improving politically since that bad old days of Soviet dictatorship (‘exploitation of the people by the people’). It has ‘an elected’ parliament, ‘opposition parties’, the one-time president Vladimir Putin stood down at the end of his term of office as the constitution demanded and agreed to serve as a prime minister under the new president Dmitri Medvedev. Furthermore, we persuaded ourselves, it’s not as though Medvedev is Putin’s placeman. Not at all - there’s a rivalry between the two and Dmitri doesn’t just do Putin’s bidding. Oh, no! ‘Look,’ we tell ourselves, ‘Russia has just emerged from 70 years of dictatorship and before that many centuries of autocratic Tsarist rule! So it’s unreasonable to expect everything to work as it should straight off! It’s a gradual process!’ Well, pull the other one, dear hearts.
The trouble is that the West has invested a great deal of money in Russia and the West depends a great deal on Russia for its energy. So we have to be on reasonably good terms with Russia (or so goes the thinking).
Well, from where I sit, Russia is anything but a fledgling
democracy, with teething troubles or otherwise. Most recently Mikhail Khodorkovsky (right), who was already serving an eight-year jail sentence imposed for alleged tax crimes, has been sentenced to a further 14 years for other alleged offences. Many observers claim his misfortune started when he had the gall to oppose Putin in Parliament. A few days ago, Boris Nemtsov was arrested (below) after he addressed a rally supporting the freedom of assembly. Nemtsov, who served as

a deputy prime minister under Boris Yeltsin, is regarded as one politician who still has clean hands. He was sentenced to 15 days in jail.
As far as I know, it would be a mistake to regard Khodorkovsky and all of the other oligarchs - Chelsea’s very own Roman Abramovich among them - as supergifted businessmen who deserve every penny they own. Khodorkovsky is said to be something of a bright spark, but those oligarchs made their billions by acquiring, in a variety of ways of which some were not very nice at all, at dirt cheap prices the former Soviet Union’s assets. Khodorkovsky’s mistake was to get involved in politics. Another oligarch who crossed Putin was Boris Berezovski, but he remains free purely because he got the hell out of Russia and now lives in Britain (heavily guarded by his own henchmen).
It would seem that if you play the game in Russia - Putin’s game - and keep your now clean, life can remain sweet. If you choose to oppose Putin, life becomes anything but sweet. In the past I have already alluded to the dangers of working as a serious journalist in Russia, and it would seem the rule of law us just so much fiction. Naturally, that doesn’t stop investors piling in hoping to make a fast buck and when you sit in Western Europe several thousand miles away from where the dirty work is being done, it is quite easy to persuade yourself that what is happening there daily are just symptoms of teething troubles in a developing democracy. If only.


. . .

At the end of the beginning of the Nineties, it will have been about 1990 or 1991 and could not have been any later because my father died in that year, I came across a book at work which caught my eye. Newspaper books departments are sent many books by publishers to review and review less than a tenth, if that (which is why the promises by vanity publishers that they will publish your book and get it reviewed in the national press are just so much bullshit. Anyone, you, me and the dog pissing against the lamppost, can send anything he, she or it likes to a newspaper books department and many, many publishers do. But newspapers will review what they damn well choose, and it is highly unlikely to be some junior civil servant’s badly written memoir.) This means, of course, that all books departments end up with loads of books they don’t want, and these are usually dumped on a desk somewhere with an open invitation to all to take what they like. One glance at the titles will tell you why they weren’t reviewed. Obscure subject matter doesn’t even begin to describe what can be found. And, of course, those who scavenge the pile first will carry off the halfway decent titles. My bookshelves were once jammed with books I looked through on such piles, decided I would thoroughly enjoy reading, took home and never once glanced at again. Biographies of Carl Jung, Hogarth, the psychology of the stock market, cosmology made simple, Lithuanian recipes for the summer months - that kind of thing. (They are now all in ‘Elsie’s House’, the granite-walled playhouse in the garden which was once a pigsty. The plan is ‘to read them’ after I retire. Oh yes.)
One such book I came across - and, unusually did read, was an account by a former KGB officer who had defected to Britain about the dying days of the Soviet regime. What stood out like a sore thumb was that, for some reason, it had been rushed into print. I inferred that because about halfway through it was obvious that proofreading had been completely abandoned. The book was very well printed and the first half was impeccable - not a literal to bee seen. Then they were everywhere.
The thesis of the book was simple: that for several years it had been obvious to the KGB that the Soviet regime was, in its present form, dying on its knees and that the service had set about re-organising itself and Russia to ensure that the country could go through whatever changes were on their way, but that those who held the reins of real power would survive and carry on as before.
I have indicated - well, more than indicated - that my father had some kind of relationship with our British secret services, though I’m buggered if I know what it really was, and I showed him the book and told him what the author was claiming. He pooh-poohed it all, and at the time, him knowing what he did, and me not knowing much at all, I accepted his verdict. I now feel he was wrong. I think that is exactly what happened. Why? Because it’s exactly what any sane, intelligent, functioning secret service would do. What was that line in Lampedusa’s The Leopard? ‘Things must change so that they can stay the same.’ Quite.
We're all the same at heart, I mean we all shit from the same hole. Even Putin.

NB To the lads and lasses from the KGB/FSB: click on the above and Happy New Year.

. . .

There was one memorable consequence of my speedy trip to Hamburg in December to attend the funeral of my aunt (Tante Nanny). After the requiem service and burial, we all adjourned to a nearby cafe for a drink of some kind (my sister and I had wine, the more sober North Germans stuck to coffee), sandwhiches and dessert. ‘Sandwiches’, a word which to my mind conjures up mean triangles of tasteless white bread with cucumber and tuna, does really describe the German version, which is Aufschnitt on a variety of bead, and, again to my mind, a damn sight nicer. While I was there, a man introduced himself to me and told me we hadn’t met in more or less 56 years. It was Hans-Ulrich Mose (Ully), my uncle’s brother. It seems he and a friend visited us in Lower Assendon in - well it must have been about 1955/6. He told me he still had a photography of my in Lederhosen with a rucksack on my back, and promised he would send a copy of the picture. He did. In fact, he sent three pictures, and (below) is one of them. The peopl shown are (from left) my father, then about 33 years old, my German grandmother, who will have been about 65, and my mother who will have been 36. (She was three years older than my father, which rather irritated her, though I get the impression that, given that her marriage was up and down, most things would have irritated her about him given half the chance. I’m afraid I have the same problem with my wife, but there you go, me and, I should imagine, most of the world.) Standing in front of the adult are, to the right with blond hair, my brother Ian, who will have been about seven or eight and then me, a few years younger. We are both wearing Lederhosen and were even sent to school in them, which was quite something barely nine, ten years after the end of the war. There you have it: definite proof that I was once young.