The Romans tried it. Charlemagne saw himself as their successor. Napoleon had a go at it. Finally, with his distorted view of the world, Hitler thought he would be able to accomplish what none of the others could achieve. To any great extent, at least. I'm referring to the unification of Europe.
Post-war Germany was far cleverer. It realised that poor people cannot be conquered by the sword. They have to be bribed with the power of money. So, together with France, it worked out a system whereby, in exchange for generous financial advantages, it could export freely to the poorer countries of Europe without any barriers. It worked. The European Union came into being – a political and monetary entity without any form of fiscal harmonisation.
Unfortunately, those poor countries of peripheral Europe were never able to see beyond the immediate financial benefit. Still deeply rooted in post-medieval rural societies, and largely unaccustomed to the principles of democracy, they followed utopian 19th century ideals and set about reshaping their social fabric. Through legislation.
One great flaw of excessive legislation is that it creates excessive bureaucracy. In turn, excessive bureaucracy has two pernicious effects: it secures safe public jobs for all the party faithful, so that you have half of the country's population working for the State, and it promotes large scale corruption.
Now, it is general knowledge that the State is no creator of wealth. With fewer people in the productive sector, and excessive taxation to support huge government, peripheral Europe was a disaster waiting to happen. All it took was the sub-prime crisis in the US for those idiots to shake in their foundations. Germany continued to export its way out of the crisis.
When almost all your tax gathered is absorbed by public sector salaries and social benefits, for the remainder you have to rely on public debt. As economic conditions worsen, borrowing costs escalate and so do economic conditions. It's a vicious circle.
Fortunately, the Chinese have begun buying European public debt. Soon, they will be dictating the rules.
Can you spare a yuan for poor old Europe?
Sunday, 31 October 2010
DURA LEX, SED LEX
When I first entered university, I was young and inexperienced. Looking around me at the time, it became painfully evident that I had not been exposed to the shady side of life. The obvious choice was to include a few Law subjects in my curriculum, which I did.
It's is a decision that I shall never regret. I still don't know anything about the Law, but just being able to throw out a couple of Latin maxims at the right time, always ensured that I got invited to the next dinner party. After all, I was reasonably presentable, a frugal eater and I didn't charge by the hour.
Enough of that now. Let me not be distracted by trivial reminiscences that might give you the impression that I regret having aged and that I'm now ready to try and disguise the process with the help of the surgeon's scalpel. On the contrary. I no longer enjoy dinner parties. So it doesn't matter.
Quite early in the introductory course, I had my first disagreement with the Law. It pertained to the test of the reasonable man. Why would the courts always refer to the reasonable man and not to the reasonable woman? That sounded too sexist for my taste.
It is true that they tried to counterbalance the situation by depicting Justice as a woman, but you only had to look at the figure to conclude immediately that it had been conceived by a man. The scales looked right, the sword looked right, but the blindfold looked inappropriate. Have you ever met a woman who goes blindly through life?
My second brush with the Law came when I was introduced to the maxim that clearly states that ignorance of the Law is no excuse. How can it not be an excuse? With parliaments, largely made up of lawyers, creating laws so that the unobservant citizen might break them the moment he sets foot on the street, one would have to be superhuman to be aware of all the crap they throw out to justify their royal salaries.
At that point I gave up on the idea of becoming a lawyer. I decided to lead the life of an honest man. Yet, Latin maxims still amuse me.
It's is a decision that I shall never regret. I still don't know anything about the Law, but just being able to throw out a couple of Latin maxims at the right time, always ensured that I got invited to the next dinner party. After all, I was reasonably presentable, a frugal eater and I didn't charge by the hour.
Enough of that now. Let me not be distracted by trivial reminiscences that might give you the impression that I regret having aged and that I'm now ready to try and disguise the process with the help of the surgeon's scalpel. On the contrary. I no longer enjoy dinner parties. So it doesn't matter.
Quite early in the introductory course, I had my first disagreement with the Law. It pertained to the test of the reasonable man. Why would the courts always refer to the reasonable man and not to the reasonable woman? That sounded too sexist for my taste.
It is true that they tried to counterbalance the situation by depicting Justice as a woman, but you only had to look at the figure to conclude immediately that it had been conceived by a man. The scales looked right, the sword looked right, but the blindfold looked inappropriate. Have you ever met a woman who goes blindly through life?
My second brush with the Law came when I was introduced to the maxim that clearly states that ignorance of the Law is no excuse. How can it not be an excuse? With parliaments, largely made up of lawyers, creating laws so that the unobservant citizen might break them the moment he sets foot on the street, one would have to be superhuman to be aware of all the crap they throw out to justify their royal salaries.
At that point I gave up on the idea of becoming a lawyer. I decided to lead the life of an honest man. Yet, Latin maxims still amuse me.
Wednesday, 27 October 2010
THE FRENCH REVOLUTION
Revolutions always take place in order to destroy the old order and establish a new order, seemingly based upon some lofty principle, backed up by incredibly compelling oratory.
The problem with revolutions is that they are always unpredictable. Rosbepierre believed in maintaining the purity of the revolution by having countless people put to death, until, one day, he himself was guillotined.
Moreover, revolutions often lead to counter-revolutions, more revolutions and, sometimes, wars. In fine, generalised and indiscriminate killing.
True revolutions are not a phenomenon of the masses. They take place within the heart of an individual, and, for that to happen, the only head you have to cut off is your own.
The problem with revolutions is that they are always unpredictable. Rosbepierre believed in maintaining the purity of the revolution by having countless people put to death, until, one day, he himself was guillotined.
Moreover, revolutions often lead to counter-revolutions, more revolutions and, sometimes, wars. In fine, generalised and indiscriminate killing.
True revolutions are not a phenomenon of the masses. They take place within the heart of an individual, and, for that to happen, the only head you have to cut off is your own.
Tuesday, 26 October 2010
SOCIAL JUSTICE
When the greed of governments, institutions and people began to show signs of turning into a full-blown economic crisis, I used to watch a well-known economist appear on several television channels demanding, always in a vociferous tone of voice, that governments around the world should set interest rates at zero. According to him, that would be the solution for the crisis.
Governments are never slow when it comes to doing the wrong thing. Not that they listened to him, in particular, but that is the route they chose. Of course, in economics, a zero interest rate is the heavy artillery in the arsenal. If that fails, as it did, you are only left with the ultimate option of a nuclear bomb called the printing press, and you print money until the cows come home.
With all this new money, central banks buy government bonds, home mortgages and car loans. Now feeling relieved of their debts, investment banks point out to their customers that the currency has devalued, and that therefore it is an excellent time to go into the stock market. Wonderful advice. The small investor does just that and, at best, manages to average low single digit earnings, while the currency continues to devalue at rates reaching the double-digits. Banks themselves cleverly take another route and invest in soft commodities, such as sugar, coffee and soy beans, which sends prices through the roof, and in the currencies of commodity-producing countries, which distorts exchange rates and penalises their exports. This new money never improved the economy, but, nevertheless, provided banks with gigantic profits.
Governments justify this course of action by claiming that they have just managed to avoid enormous social costs. Maybe so, but for the greedy and the imprudent. However, they did so by penalising the prudent, the savers and the retired. Is that social justice? Is that social justice?
From time immemorial, capital has always moved from the inefficient to the efficient. Let the inept fail. That's social justice.
Governments are never slow when it comes to doing the wrong thing. Not that they listened to him, in particular, but that is the route they chose. Of course, in economics, a zero interest rate is the heavy artillery in the arsenal. If that fails, as it did, you are only left with the ultimate option of a nuclear bomb called the printing press, and you print money until the cows come home.
With all this new money, central banks buy government bonds, home mortgages and car loans. Now feeling relieved of their debts, investment banks point out to their customers that the currency has devalued, and that therefore it is an excellent time to go into the stock market. Wonderful advice. The small investor does just that and, at best, manages to average low single digit earnings, while the currency continues to devalue at rates reaching the double-digits. Banks themselves cleverly take another route and invest in soft commodities, such as sugar, coffee and soy beans, which sends prices through the roof, and in the currencies of commodity-producing countries, which distorts exchange rates and penalises their exports. This new money never improved the economy, but, nevertheless, provided banks with gigantic profits.
Governments justify this course of action by claiming that they have just managed to avoid enormous social costs. Maybe so, but for the greedy and the imprudent. However, they did so by penalising the prudent, the savers and the retired. Is that social justice? Is that social justice?
From time immemorial, capital has always moved from the inefficient to the efficient. Let the inept fail. That's social justice.
Monday, 25 October 2010
IT'S ALL THE SAME
The other day I was thinking about it and was surprised to realise how, as you go through life, your perceptions change all the time, until, at some point, they begin to stabilise.
As a child, I learnt that right and left had to do with direction. That was enough for me at that point.
Growing up, and probably under the influence of right and wrong, I began to associate right with good and left with bad.
In my early teens, looking at many right-wing dictatorships, I began to feel that right was wrong and left was right.
Then, as the hideous crimes of left-wing dictatorships became known, I became very confused.
Now, to my mind, right and left are all the same, if you don't mind. In fact, it's all in the mind. Except for direction, of course.
As a child, I learnt that right and left had to do with direction. That was enough for me at that point.
Growing up, and probably under the influence of right and wrong, I began to associate right with good and left with bad.
In my early teens, looking at many right-wing dictatorships, I began to feel that right was wrong and left was right.
Then, as the hideous crimes of left-wing dictatorships became known, I became very confused.
Now, to my mind, right and left are all the same, if you don't mind. In fact, it's all in the mind. Except for direction, of course.
Sunday, 24 October 2010
TEMPTATION
I know I had promised myself not to do it again, but I'm only human, and I could not resist it.
I must confess that, this month, I did it. I watched Jean-Claude Trichet's press conference. As expected, the cassette was the exact same that I had heard on so many occasions since the beginning of the crisis: “inflation expectations are firmly anchored”, blah, blah, blah!
Weird, though. All this time, I had been finding it difficult to place his accent, and I couldn't. It sounded neither Greek, nor Spanish, nor Irish. This time, it dawned on me. I was hearing distinct nuances of German.
I may, of course, be wrong, but then I'm no specialist in linguistics.
I must confess that, this month, I did it. I watched Jean-Claude Trichet's press conference. As expected, the cassette was the exact same that I had heard on so many occasions since the beginning of the crisis: “inflation expectations are firmly anchored”, blah, blah, blah!
Weird, though. All this time, I had been finding it difficult to place his accent, and I couldn't. It sounded neither Greek, nor Spanish, nor Irish. This time, it dawned on me. I was hearing distinct nuances of German.
I may, of course, be wrong, but then I'm no specialist in linguistics.
Friday, 22 October 2010
FALLACY
I shudder every time I hear responsible people in Washington claim that, in Afghanistan, the US is in a battle for the hearts and minds of people.
Come on, fellows! Stop kidding yourselves! Winning the hearts and minds of religious fundamentalists is as possible as getting an apple tree to produce melons.
Come on, fellows! Stop kidding yourselves! Winning the hearts and minds of religious fundamentalists is as possible as getting an apple tree to produce melons.
THE FUTURE NOW
The other day, probably a month ago, I heard Barack Obama state categorically that the US was not – and would never be - at war with Islam. Its real enemy was Al-Qaeda. I immediately felt reassured.
Nonetheless, as time went by, I began mulling the subject and, the more I thought about it, the more my levels of confidence dropped.
I pictured a couple thousand bearded men walking the mountains of Afghanistan, and reckoned to myself that they can – and did - undertake a few isolated acts of violence that lead to death and destruction. Defeat the US? Unthinkable! Was that their objective? Laughable!
Then, like all old men who have nothing to do, my mind went back to medieval battles. In those days, attacks of diversion took place before the enemy suddenly found himself encircled by the opposing troops in a surprise onslaught that was often fatal. What if Al-Qaeda was nothing but the tip of the iceberg, the periscope above the submarine, the moving target?
It is a known fact that Iran is the main supporter of Al-Qaeda and the Taliban through sections of Pakistan, as it is also the mainstay of Hizbollah through Syria.
It is a known fact that Iran has been playing cat and mouse with the world regarding its nuclear program, a clear sign that it is playing for time. That would indicate that its intentions are less than honourable and that its real aim is the acquisition of nuclear weapons.
It is a known fact that Iran has vowed to destroy Israel and that it considers the West the Great Satan.
It is a known fact that Iran has recently begun creating banks in Arab countries. That would indicate that it is preparing for financial freedom as soon as it is ready to go to war.
Just this week Hugo Chávez was in Iran for the ninth time since he became president of Venezuela. Many agreements were signed, included one designed to assist Venezuela in acquiring nuclear power. Both leaders solemnly promised to bring about a new world order. Does that sound familiar? The media carried a picture of a Chávez with his hands in a silly position of prayer before a clearly patronising Ahmadinejad.
World War III has already started. The reason we don't realise it is that we have not got to the nuclear stage. Yet.
Now, one month after listening to Obama, I shake my head in disbelief, and I smile. Naiveté is so charming, isn't it?
Nonetheless, as time went by, I began mulling the subject and, the more I thought about it, the more my levels of confidence dropped.
I pictured a couple thousand bearded men walking the mountains of Afghanistan, and reckoned to myself that they can – and did - undertake a few isolated acts of violence that lead to death and destruction. Defeat the US? Unthinkable! Was that their objective? Laughable!
Then, like all old men who have nothing to do, my mind went back to medieval battles. In those days, attacks of diversion took place before the enemy suddenly found himself encircled by the opposing troops in a surprise onslaught that was often fatal. What if Al-Qaeda was nothing but the tip of the iceberg, the periscope above the submarine, the moving target?
It is a known fact that Iran is the main supporter of Al-Qaeda and the Taliban through sections of Pakistan, as it is also the mainstay of Hizbollah through Syria.
It is a known fact that Iran has been playing cat and mouse with the world regarding its nuclear program, a clear sign that it is playing for time. That would indicate that its intentions are less than honourable and that its real aim is the acquisition of nuclear weapons.
It is a known fact that Iran has vowed to destroy Israel and that it considers the West the Great Satan.
It is a known fact that Iran has recently begun creating banks in Arab countries. That would indicate that it is preparing for financial freedom as soon as it is ready to go to war.
Just this week Hugo Chávez was in Iran for the ninth time since he became president of Venezuela. Many agreements were signed, included one designed to assist Venezuela in acquiring nuclear power. Both leaders solemnly promised to bring about a new world order. Does that sound familiar? The media carried a picture of a Chávez with his hands in a silly position of prayer before a clearly patronising Ahmadinejad.
World War III has already started. The reason we don't realise it is that we have not got to the nuclear stage. Yet.
Now, one month after listening to Obama, I shake my head in disbelief, and I smile. Naiveté is so charming, isn't it?
Wednesday, 20 October 2010
MYTH AND REALITY
I continue to hear the voices of European extremist politicians and labour union leaders insisting ad nauseam that the recent economic crisis has to be ascribed solely to the reckless behaviour of bankers. It sounds pretty much like some of the kind of science you get these days: mediocre researchers manipulating data to accommodate their a priori view of the world. Right down misleading, not to use any stronger word.
Reality is that, in order to gain votes, Socialist governments all over Europe had to create the illusion of prosperity. In the absence of the real thing, they opted for a gigantic increase in public debt, so they could have an array of free services: education, health, unemployment benefits, etc. Not to talk of the jobs created specifically for the party members. In some cases, the weight of the State on GDP went up to around 48%, if not more, which is hardly sustainable. As the cost of servicing the debt became higher, so did taxation. The erosion of middle-class and the of small entrepreneurship became only too apparent. The economy began bleeding jobs and the State income from direct and indirect taxation consequently diminished, which only came to compound the problem.
Allow me to go back a little. In an environment of general economic euphoria, institutions and people have a tendency to increase their risk tolerance. So they leverage themselves (read take on debt) in the false belief that the economy will continue to improve forever and that they will be able to go on meeting their obligations. Call it greed. People in Africa and South America hear about this prosperity and the migratory flux begins in all earnest.
Eventually reality dawns on everybody. The State increases taxes and cuts back on benefits. Businesses go bankrupt. Joblessness grows. Previous excessive immigration puts an extra burden on unemployment benefits. Foreign lenders demand an extra premium for loans made to the State and to the banks. Chaos ensues.
The deleveraging process has begun. It's a painful. Austerity replaces what, in the first place, should have been economic prudence. Governments print money. Banks cut on loans and try to sort out bad debt. Individuals lose expensive cars and luxury houses which they should have never owned to start with. Everybody is unhappy. Call it fear.
Strikes and riots on the streets encouraged by extremist politicians will not change reality. Time will, if good sense prevails.
You see, Socialism is the light version of Communism. It's a bit like smoking. In the beginning, it tastes good. Eventually, whether you go for traditional cigarettes or their light version, you will still end up with cancer.
Reality is that, in order to gain votes, Socialist governments all over Europe had to create the illusion of prosperity. In the absence of the real thing, they opted for a gigantic increase in public debt, so they could have an array of free services: education, health, unemployment benefits, etc. Not to talk of the jobs created specifically for the party members. In some cases, the weight of the State on GDP went up to around 48%, if not more, which is hardly sustainable. As the cost of servicing the debt became higher, so did taxation. The erosion of middle-class and the of small entrepreneurship became only too apparent. The economy began bleeding jobs and the State income from direct and indirect taxation consequently diminished, which only came to compound the problem.
Allow me to go back a little. In an environment of general economic euphoria, institutions and people have a tendency to increase their risk tolerance. So they leverage themselves (read take on debt) in the false belief that the economy will continue to improve forever and that they will be able to go on meeting their obligations. Call it greed. People in Africa and South America hear about this prosperity and the migratory flux begins in all earnest.
Eventually reality dawns on everybody. The State increases taxes and cuts back on benefits. Businesses go bankrupt. Joblessness grows. Previous excessive immigration puts an extra burden on unemployment benefits. Foreign lenders demand an extra premium for loans made to the State and to the banks. Chaos ensues.
The deleveraging process has begun. It's a painful. Austerity replaces what, in the first place, should have been economic prudence. Governments print money. Banks cut on loans and try to sort out bad debt. Individuals lose expensive cars and luxury houses which they should have never owned to start with. Everybody is unhappy. Call it fear.
Strikes and riots on the streets encouraged by extremist politicians will not change reality. Time will, if good sense prevails.
You see, Socialism is the light version of Communism. It's a bit like smoking. In the beginning, it tastes good. Eventually, whether you go for traditional cigarettes or their light version, you will still end up with cancer.
Monday, 18 October 2010
STILL THE MODERN DEMOCRACY
Over the years I have had the privilege of following, albeit from afar, elections in many parts of the world. They all have one thing in common: the electoral promise embedded in flowery rhetoric and supported by costly political marketing. Lots of it.
I have also had the opportunity to watch many little snippets of voters' opinions broadcast on national television networks. What surprised me was that they too had one thing in common: atrocious widespread ignorance.
So there you have one of the great wonders of modern democracy: corrupt politicians elected by illiterate voters.
I have also had the opportunity to watch many little snippets of voters' opinions broadcast on national television networks. What surprised me was that they too had one thing in common: atrocious widespread ignorance.
So there you have one of the great wonders of modern democracy: corrupt politicians elected by illiterate voters.
Saturday, 16 October 2010
MEMORY
Elephants are credited with incredibly long memories. I don't know. I have never been able to get inside the mind of an elephant. Not that I would want to, either. I would probably be constantly reminding myself to avoid hunters, which, in practical terms, would amount to compulsive behaviour.
Politicians, on the other hand, are known for their amazingly short memories. Once elected, they can never remember an electoral promise, even if it is written black on white in their electoral manifestos. If reminded of it, they will simply claim that it was meant to be achieved over two terms of office. Vague language allows for this type of circus trick. Or they will offer some other type of lame excuse, like the unforeseen international environment. No wonder so many politicians are lawyers.
Normal people are perhaps a little better, but, nonetheless, very forgetful too. They will remember very well what they did thirty years ago, but can't remember what they had for lunch yesterday or the day before.
Political events that took place in a more distant past are trickier, even for those who lived through them. As they were not privy to what went on behind the scenes, unless some honest historian tells it like it happened, what they retain of it is a partial, thus distorted, view of reality.
Take Nazism. How many people know that Hitler was only able to accomplish his evil intents thanks to a secret agreement he had with Stalin to split up Europe between themselves? Or that many of his military undertakings were only possible with the logistic support of the Soviets? Or that Gestapo officers went over to the Soviet Union to learn how to set up and run concentration camps? Or that the Soviet secret police handed over to the Gestapo the Polish Jews that had fled into the Soviet Union?
There is much in common between Nazism and Communism. Of the many traits, one has to be mentioned. They both believed that, in order to bring forth the new man, you have to kill the old one. Sounds almost pentecostal. The Soviets killed 20 million of their own people. Hitler only managed to exterminate 6 millions Jews before he was finally stopped.
Which brings me to South Africa. Have no doubt that the ANC is nothing but the South African Communist Party in drag. It shares the same ideals that were propounded by Hitler and Stalin: the elimination of the old order before the new order can emerge. The “Kill the boer, kill the farmer” song is not an innocent liberation slogan. It is an official racist policy. What makes Malema such a liability is that he is idiotically saying in public what is being discussed privately. Having withdrawn his bodyguards, the ANC hierarchy hopes that somebody will get rid of him. He has become an embarrassment.
Since the ANC took over the government of the country, thousands and thousands of whites have been murdered under the cloak of crime, some even by thugs wearing police uniforms. It's time somebody recognise it for what it is: genocide.
In the middle of all this, where is the International Criminal Court? I know that the Law is blind. Now I have come to realise it is deaf too.
And while we are at it, why don't we award Mandela a second Nobel prize for peace?
Politicians, on the other hand, are known for their amazingly short memories. Once elected, they can never remember an electoral promise, even if it is written black on white in their electoral manifestos. If reminded of it, they will simply claim that it was meant to be achieved over two terms of office. Vague language allows for this type of circus trick. Or they will offer some other type of lame excuse, like the unforeseen international environment. No wonder so many politicians are lawyers.
Normal people are perhaps a little better, but, nonetheless, very forgetful too. They will remember very well what they did thirty years ago, but can't remember what they had for lunch yesterday or the day before.
Political events that took place in a more distant past are trickier, even for those who lived through them. As they were not privy to what went on behind the scenes, unless some honest historian tells it like it happened, what they retain of it is a partial, thus distorted, view of reality.
Take Nazism. How many people know that Hitler was only able to accomplish his evil intents thanks to a secret agreement he had with Stalin to split up Europe between themselves? Or that many of his military undertakings were only possible with the logistic support of the Soviets? Or that Gestapo officers went over to the Soviet Union to learn how to set up and run concentration camps? Or that the Soviet secret police handed over to the Gestapo the Polish Jews that had fled into the Soviet Union?
There is much in common between Nazism and Communism. Of the many traits, one has to be mentioned. They both believed that, in order to bring forth the new man, you have to kill the old one. Sounds almost pentecostal. The Soviets killed 20 million of their own people. Hitler only managed to exterminate 6 millions Jews before he was finally stopped.
Which brings me to South Africa. Have no doubt that the ANC is nothing but the South African Communist Party in drag. It shares the same ideals that were propounded by Hitler and Stalin: the elimination of the old order before the new order can emerge. The “Kill the boer, kill the farmer” song is not an innocent liberation slogan. It is an official racist policy. What makes Malema such a liability is that he is idiotically saying in public what is being discussed privately. Having withdrawn his bodyguards, the ANC hierarchy hopes that somebody will get rid of him. He has become an embarrassment.
Since the ANC took over the government of the country, thousands and thousands of whites have been murdered under the cloak of crime, some even by thugs wearing police uniforms. It's time somebody recognise it for what it is: genocide.
In the middle of all this, where is the International Criminal Court? I know that the Law is blind. Now I have come to realise it is deaf too.
And while we are at it, why don't we award Mandela a second Nobel prize for peace?
Friday, 15 October 2010
WESTERNS
The recent arrest of policemen in Puerto Rico reminded me that not one week goes by without one reading in some newspaper somewhere in the world about cops involved in drugs, prostitution or corruption. Sigh!
How I long for the days in my youth when, in the black and white westerns, you always knew who were the cowboys and who were the crooks!
How I long for the days in my youth when, in the black and white westerns, you always knew who were the cowboys and who were the crooks!
Thursday, 14 October 2010
BODYGUARDS
Police bodyguards for Julius Malema were withdrawn.
Sorry, Julius! Don't let worry consume you! What you will need now is presence of mind and absence of body.
Sorry, Julius! Don't let worry consume you! What you will need now is presence of mind and absence of body.
Tuesday, 12 October 2010
ILLITERACY
Some days ago, the Brazilian clown who is a parliamentary candidate was given exactly a week to learn how to read. It's laughable!
Regardless of the outcome, with his levels of popularity at an all time high, he will be the one laughing. All the way to the bank.
Regardless of the outcome, with his levels of popularity at an all time high, he will be the one laughing. All the way to the bank.
Friday, 1 October 2010
FAREWELL
Julius Malema is to step to down as president of the ANC Youth League.
There was a distinct element of sadness in his statement. Cheer up, my boy! Be positive! While you might stick out as a sore thumb in Orania, there is definitely a bright future ahead for you in Zimbabwe.
There was a distinct element of sadness in his statement. Cheer up, my boy! Be positive! While you might stick out as a sore thumb in Orania, there is definitely a bright future ahead for you in Zimbabwe.
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