tag:blogger.com,1999:blog-11419325398605531992024-03-05T10:52:26.007+00:00Mark WadsworthEconomics, Land Value Tax, Citizens Income,Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger13329125tag:blogger.com,1999:blog-1141932539860553199.post-64229878222721416302023-08-02T15:17:00.002+01:002023-08-02T15:17:23.036+01:00Mark would have loved this - I think - 'where does money come from'<p> From the Cobden Centre</p><p>https://www.youtube.com/watch?v=-cSyctENy3A&t=81s</p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com0tag:blogger.com,1999:blog-1141932539860553199.post-23869983688872749512023-04-16T15:03:00.001+01:002023-04-16T15:03:10.448+01:00This BlogWhat do readers think should happen to this blog, now that Mark has died? Suggestions as to what to do and, especially, how to do it, very welcome.Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com10tag:blogger.com,1999:blog-1141932539860553199.post-46441045674346617182023-03-29T21:15:00.000+01:002023-03-29T21:15:19.223+01:00MarkFor those who were wondering, like me, where Mark had got to, it appears, sadly, that he has died.<br><br>
There is an obituary by Thomas B Hall <a href="http://www.yppuk.org/2023/03/mark-wadsworth-obituary.html" target="_blank" rel="nofollow">here</a>Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com9tag:blogger.com,1999:blog-1141932539860553199.post-40208398043703885472023-03-21T13:06:00.000+00:002023-03-21T13:06:08.992+00:00CensorshipI've just received the following two emails:<br><br>
From: Blogger <no-reply@google.com><br>
To: blah<br>
Subject: Your post titled 'Take that, Ms Harman!' has been deleted<br>
Date: Tue, 21 Mar 2023 12:15:45 +0000<br><br>
Hello,<br>
As you may know, our community guidelines
(https://blogger.com/go/contentpolicy) describe the boundaries for what we
allow – and don't allow – on Blogger. Your post titled ‘Take that, Ms
Harman!’ was flagged to us for review. We have determined that it violates
our guidelines and deleted the post, previously at
http://markwadsworth.blogspot.com/2011/10/take-that-ms-harman.html.<br><br>
Why was your blog post deleted?
Your content has violated our Illegal activities policy. Please follow
the community guidelines link in this email to learn more.<br><br>
If you wish to request a review of the post, click the following link:
https://www.blogger.com/go/appeal-post?blogId=1141932539860553199&postId=2949364971607555706.
This will trigger a review of the post.<br><br>
We encourage you to review the full content of your blog posts to make
sure that they are in line with our standards, as additional violations
could result in termination of your blog.<br><br>
For more information, please review the following resources:
Terms of Service: https://www.blogger.com/go/terms
Blogger community guidelines: https://blogger.com/go/contentpolicy<br><br>
Yours sincerely,<br>
The Blogger Team<br><br>
and<br><br>
From: Blogger <no-reply@google.com><br>
To: blah<br>
Subject: Your post entitled 'Nuts Magazine' has been put behind a warning for readers<br>
Date: Tue, 21 Mar 2023 11:03:54 +0000<br><br>
Hello,<br>
As you may know, our community guidelines
(https://blogger.com/go/contentpolicy) describe the boundaries for what we
allow – and don't allow – on Blogger. Your post titled 'Nuts Magazine' was
flagged to us for review. This post was put behind a warning for readers
because it contains sensitive content; the post is visible at
http://markwadsworth.blogspot.com/2014/04/nuts-magazine.html. Your blog
readers must acknowledge the warning before being able to read the
post/blog.<br><br>
Why was your blog post put behind a warning for readers?
Your content has been evaluated according to our adult content policy.
Please follow the community guidelines link in this email to learn more.<br><br>
We apply warning messages to posts that contain sensitive content. If
you are interested in having the status reviewed, please update the content
to adhere to Blogger's community guidelines. Once the content is updated,
you may republish it at
https://www.blogger.com/go/appeal-post?blogId=1141932539860553199&postId=443624183410766575.
This will trigger a review of the post.<br><br>
For more information, please review the following resources:
Terms of Service: https://www.blogger.com/go/terms
Blogger community guidelines: https://blogger.com/go/contentpolicy<br><br>
Yours sincerely,<br>
The Blogger Team<br><br>
Have we been hacked? Does anyone know what is going on?Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com15tag:blogger.com,1999:blog-1141932539860553199.post-86911940467587408282023-03-14T12:36:00.000+00:002023-03-14T12:36:08.122+00:00Oil - a fossil fuel or a mineral?<p>This is in the nature of a question.</p><p>Wandering around the interweb I have found quite a bit of debate as to whether crude oil is actually, or entirely, a fossil fuel. There is some speculation that oil is - possibly in part - a mineral created abiotically at depths where heat from the mantle and pressure synthesizes carbon and other elements into crude oil.</p><p>One of the arguments is that crude has been recovered at depths below the lowest fossil depths. The latter being about 2,600 meters down. Whereas crude oil has been recovered from depths way below that. maybe 8,000 to 10,000 meters down. I do acknowledge that one cannot simply take the length of a bore as a guide to depth because of the horizontal drilling that oil exploration is capable of (Deepwater Horizon was doing that - apparently).</p><p></p><p>Anyway, has anyone else any thoughts or evidence or whatever?<br /></p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com5tag:blogger.com,1999:blog-1141932539860553199.post-86482644722654738572023-03-13T18:01:00.000+00:002023-03-13T18:01:01.556+00:00More evidence that AGW is a scamWhilst the Greta Thunbergs of this world have been wringing their hands and wailing about the disaster that will follow if we don't cut back on CO2 emissions, the planet has been quietly making the most of a good thing.<br><br>
<a href="https://www.nasa.gov/feature/goddard/2016/carbon-dioxide-fertilization-greening-earth" target="_blank" rel="nofollow">The planet is greening.</a> Not only has this implications on shrinking the deserts, but it also means that yields of crops have been going up as well.<br><br>
We are supposed, however to disregard the benefits of additional CO2 in the atmosphere because of a hypothetical disaster that it might cause in the future. Is this not the essence of a scam? For a definite cost in the present, you are promised large but uncertain rewards in the future. It's the same whether it is a "pump and dump" scheme or a ground source heat pump: the promoter walks away with a nice profit and the customer might or might not see their money again some time well into the future.Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com4tag:blogger.com,1999:blog-1141932539860553199.post-50706167151925936502023-02-22T18:54:00.000+00:002023-02-22T18:54:03.167+00:00The Inner RingLike me you might have been wondering why the EU persists in its sanctions against Russia, despite it now being completely obvious that not only are they not working against Russia, but that they are hurting the EU countries more than they hurt Russia. It seems unlikely either that all the politicians concerned are too stupid to notice or that they are being bribed by some other country. Some, perhaps, but not all. However, there is a possible third explanation, as set out in this 1944 talk by C.S.Lewis, <a href="https://www.lewissociety.org/innerring/" target="_blank" rel="nofollow"><i>The Inner Ring</i></a><br><br>
As he puts it "<i>Of all the passions, the passion for the Inner Ring is most skillful in making a man who is not yet a very bad man do very bad things.</i>" What C.S.Lewis calls the Inner Ring is simply an exclusive grouping of people, generally, but not necessarily, people with power and influence. It's worth reading the whole talk to get the flavour of the concept. Politics consists almost entirely of such rings, each ring touching another more inner, stretching from local to national to international to supranational. How many aspiring politicians have been faced with this scenario,<br><br>
<i>Over a drink, or a cup of coffee, disguised as triviality and sandwiched between two jokes, from the lips of a man, or woman, whom you have recently been getting to know rather better and whom you hope to know better still—just at the moment when you are most anxious not to appear crude, or naïf or a prig—the hint will come. It will be the hint of something which the public, the ignorant, romantic public, would never understand: something which even the outsiders in your own profession are apt to make a fuss about: but something, says your new friend, which “we”—and at the word “we” you try not to blush for mere pleasure—something “we always do.” And you will be drawn in, if you are drawn in, not by desire for gain or ease, but simply because at that moment, when the cup was so near your lips, you cannot bear to be thrust back again into the cold outer world. It would be so terrible to see the other man’s face—that genial, confidential, delightfully sophisticated face—turn suddenly cold and contemptuous, to know that you had been tried for the Inner Ring and rejected. And then, if you are drawn in, next week it will be something a little further from the rules, and next year something further still, but all in the jolliest, friendliest spirit. It may end in a crash, a scandal, and penal servitude; it may end in millions, a peerage and giving the prizes at your old school. But you will be a scoundrel.</i><br><br>
and fallen for it? Of how many politicians can it be said that they seemed to talk sense until they were part of the government and how many retired generals or senior spies suddenly start coming out with opinions, once they have retired, that you know they didn't express when they were in office? Could it all be down to kompromat, or is it just the lure of the inner ring at work?Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com6tag:blogger.com,1999:blog-1141932539860553199.post-68072158561059056492023-02-19T18:55:00.001+00:002023-02-19T18:55:51.519+00:00AGW and the war in Ukraine, what's it all about?At first sight, it seems hard to link the war in Ukraine with the theory of AGW (Anthropogenic Global Warming, now rebranded as Climate Change), however <a href="https://www.stalkerzone.org/the-inevitable-redistribution-of-the-world-is-coming-and-it-has-been-scientifically-proven-that-for-many-countries-it-will-be-a-disaster-unfortunately/" target="_blank" rel="nofollow">this article</a> makes points that appear to put forward quite a compelling case.<br><br>
<i>The fact is that the resource base on which our world developed has now been severely depleted. And every year the situation will only get worse. The so-called “green” technologies that the West imposes on less developed countries by order will not help the planet’s ecosystem in any way without changing the paradigm of economic development of the whole world.
This is most clearly described in the concept of “Planetary Boundaries”, based on the anthropogenic factor of human impact on the environment. Three processes have already gone beyond reasonable limits, provoking irreversible changes in the planet’s ecosystem in the near future:<br><br>
- the extinction of species, depending on their habitats, began to occur 100-1000 times faster than it was before the industrial revolution 250-300 years ago;<br><br>
- the degradation of natural freshwater reservoirs has begun: if 2.3 billion people do not have access to fresh water today, then in 30 years 4.5 billion people will not have access.;<br><br>
- degradation of rural land, lack of irrigation water and acidification of the world’s oceans inevitably lead to a decrease in access to food in the world on a per capita basis.</i><br><br>
Note that AGW is not there, and it seems to me that the reason for this is that the "green agenda", which the AGW myth is designed to promote, is about increasing the access of the developed nations of the West to energy and food resources. So, as the article shows, is the war in Ukraine. Neither is about countering a real threat, indeed the real threats to life on Earth, both geopolitically, geographically and economic, are almost never mentioned. Only the phony threats, those that serve the interests of the sort of people who go to Davos every year, are blazoned across our news media with monotonous regularity.
Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com4tag:blogger.com,1999:blog-1141932539860553199.post-51470230826262151852023-02-17T23:10:00.001+00:002023-02-17T23:10:12.785+00:00Ukraine / NATO / Russia<p>Does anyone else find it strange that there appears to be no diplomatic effort at all by the NATO powers, or the EU, to engage with Putin and Russia and try and talk our way out of the Ukraine conflict? Not in the least because - in my view - if cornered Russia will use nuclear weapons.</p><p>And then no-one will win.</p><p>Thoughts?</p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com18tag:blogger.com,1999:blog-1141932539860553199.post-29145542574041470222023-02-15T14:01:00.001+00:002023-02-15T18:06:39.576+00:00Disappearing Homes Conundrum Revisited (cont'd)Serendipitously, <a href="https://www.bbc.co.uk/news/uk-england-norfolk-64303486" target="_blank" rel="nofollow">the BBC had an article</a> on this very matter.<br><br>
Whilst second-home owners and retirees were rightly held up as the prime culprits, there was another reason mentioned for the lack of ability of local people to find a home in the area, (but not mentioned very loudly, this is the BBC after all):<br><br>
<i>"It is like a perfect storm - there's a lack of social housing, a lack of affordable homes, rising prices, not enough well-paid jobs.</i><br><br>
Yes, the Tories' political masterstroke of the 80s, the great sell off at undervalue of the country's social housing, is still having its malign effects to this day.
Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com9tag:blogger.com,1999:blog-1141932539860553199.post-27493180276804636902023-02-13T17:42:00.000+00:002023-02-13T17:42:18.676+00:00Disappearing Homes Conundrum Revisited Readers of this blog will be familiar with the "Disappearing Homes Conundrum", whereby it is argued, by landlords' associations mainly, that introducing rent controls or increasing the regulation of the letting of homes will result in a reduction of homes available. Of course this is true in a limited sense, in that it will reduce the number of homes available for rent, possibly quite drastically as seen after WWII when the Rent Acts were passed, but it won't reduce the total number of homes available, in that for every landlord that sells up, there will be another home that is owned by its occupier.<br><br>
However, this is only true for certain parts of the country. In the other, more scenic, parts, the homes really do disappear as landlords either convert their rentals to holiday lets, or sell to someone who will either do the same thing or will buy them as a second home. In Wales, with the complete lack of joined-up thinking that we have come to associate with government, they are simultaneously increasing the regulation of and bureaucratic burden on landlords and bewailing the effect of the number of holiday lets and second homes is having in restricting the supply and affordability of housing for local people. <br><br>
No doubt they will try to solve this problem with yet more regulation and legislation: to the man who has only a hammer, every fixing looks like a nail.
Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com3tag:blogger.com,1999:blog-1141932539860553199.post-17102324334574213112023-02-12T10:42:00.000+00:002023-02-12T10:42:10.759+00:00'Fossil' or 'Mineral' Oil<p>Building on our hosts demolition of the 'CO2 is a pollutant and causes global warming' argument it is becoming increasingly clear that the widely held belief that crude oil as extracted is a fossil fuel is also nonsense, or less combatively, highly improbable. And that there is no scarcity of it.</p><p>It is a Widely Held Belief that the maximum depth for fossils is about 16,000 feet down. Yet crude oil has been extracted at depths of over 30,000 feet. How did it get there?</p><p>I also found some research that made the assertion that crude oil was a mineral that is constantly being synthesised abiotically by the Earth's magma layer. In fact, a lot of the time, people do refer to oil as a 'mineral' oil. </p><p>There is also some comment that oil was only classified as a 'fossil fuel' (despite it not having any 'O' in it) under the influence of Rockerfeller who wanted to maintain its scarcity value.</p><p>What's more, BP recently reported (lost the link) that new technology had enabled them to double their forecast reserves.</p><p>All of which implies that crude oil, mineral oil, is super-abundant.</p><p>Thoughts anyone?</p><p><br /></p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com6tag:blogger.com,1999:blog-1141932539860553199.post-68267555331897690432023-02-11T17:41:00.001+00:002023-02-11T17:41:33.928+00:00Killer Arguments for LVT, Not<a href="https://www.ft.com/content/fadfbd9e-29ca-4d53-b69a-2497cc3ed95d" target="_blank" rel="nofollow">"The case for a land value tax is overwhelming"</a> is the headline of an article in the Financial Times, but you can't read it because it's behind a paywall*.<br><br>
However, most of us on here will have a pretty good idea what it says and the interesting bit is that it is in the Financial Times in the first place<br><br>
*hence the "Not" in the title, in case anyone was wondering.
Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com5tag:blogger.com,1999:blog-1141932539860553199.post-42539092113958123012023-01-30T15:09:00.006+00:002023-02-04T22:46:16.247+00:00The Upcoming Internal Combustion Engine Ban<p> I have been working on the text below of a letter that might be useful to copy and send to your MP.</p><p><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:AllowPNG/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-GB</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false"
DefSemiHidden="false" DefQFormat="false" DefPriority="99"
LatentStyleCount="375">
<w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 9"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="header"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footer"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index heading"/>
<w:LsdException Locked="false" Priority="35" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of figures"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope return"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="line number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="page number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of authorities"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="macro"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="toa heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Mention"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Smart Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hashtag"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Unresolved Mention"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin-top:0cm;
mso-para-margin-right:0cm;
mso-para-margin-bottom:8.0pt;
mso-para-margin-left:0cm;
line-height:107%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri",sans-serif;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;
mso-fareast-language:EN-US;}
</style>
<![endif]-->
</p><p class="MsoNormal" style="margin-bottom: 0cm;"><i>Dear your MP</i></p>
<p class="MsoNormal" style="margin-bottom: 0cm;"><b style="mso-bidi-font-weight: normal;">Internal Combustion Engines</b></p><p class="MsoNormal" style="margin-bottom: 0cm;"><b style="mso-bidi-font-weight: normal;"> </b></p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Emissions from ICEs, both diesel and petrol, are now well controlled –
in modern vehicles – by various technologies.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Clever engineering has reduced CO2 emissions to very low levels.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Three way catalytic converters on both petrol and diesel vehicles have
scrubbed out other potentially toxic emissions, including NO2</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> <br /></p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Diesel vehicles apply ‘ad blue’ (Urea injection) to reduce further NO2
emissions. Diesel Particulate Filters (DPF) are successful and filter out at
least 85% of soot and particulates.<span style="mso-spacerun: yes;"> </span>In
optimum operating conditions this filtration can easily approach 100% of
particulates, including nano-particulates of sub one micron in size.<span style="mso-spacerun: yes;"> </span>In the UK standard diesel at the pump is of
the Ultra-low sulphur type.<span style="mso-spacerun: yes;"> </span>And premium
fuels (especially diesel), for example Shell V-Power, further reduce soot
levels.<span style="mso-spacerun: yes;"> </span>The days of sooty smokey diesel
engines are over.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Furthermore, we can now produce synthetic fuels from atmospheric CO2
which de facto makes burning such fuels carbon neutral.<span style="mso-spacerun: yes;"> </span>Such synthetic fuels contain far less
impurities than mineral oils and therefore burn much more cleanly.<span style="mso-spacerun: yes;"> </span>Proof of concept plants are already working
in Canada and the UK and the owners have stated that they could, today, produce
road fuels at prices competitive with current pump prices.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Modern vehicles powered by ICE are getting more and more efficient and
getting ever better fuel consumption. <span style="mso-spacerun: yes;"> </span>And all the emissions control technologies
are getting more and more reliable.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">We can now make ICE powerplants at extremely low costs using abundant
and easy to acquire resources like aluminium (bauxite being super abundant) and
iron and steel (also abundant) meaning that personal transport is also
extremely low cost. This enables the private citizen to efficiently exploit his
own labour and enjoy freedoms unimagined by earlier generations.<span style="mso-spacerun: yes;"> </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="mso-spacerun: yes;"> </span></p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Liquid fuels have very high relative energy densities of about 47.5 Mj/kg<span style="mso-spacerun: yes;"> </span>as opposed to battery electric vehicles with
energy densities of about 0.3 Mj/kg.<span style="mso-spacerun: yes;"> </span>That
is petrol (and to a slightly lesser extent diesel) have 100 times the energy
density of a lithium-ion battery.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Looking at this from the environmental perspective ICE powered
vehicles consume modest resources to produce and can be recycled.<span style="mso-spacerun: yes;"> </span>BEVs are relatively costly to produce mainly
because the production of batters that require rare metals is costly.<span style="mso-spacerun: yes;"> </span>And not at all environmentally friendly and nor
easily recycled. </p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Apart from the above, the distribution of petrol and diesel is very
well served in the UK, and globally.<span style="mso-spacerun: yes;">
</span>Whereas to create the infrastructure to be able to charge electrical
vehicles will likely cost trillions of Pounds. </p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">And lastly, what restrictions and surveillance will lawmakers have to
impose on us to collect the taxes lost by the loss of fuel duty?<span style="mso-spacerun: yes;"> </span>The implication of things like user charges by
mass surveillance are an appalling assault on personal liberty. <span style="mso-spacerun: yes;"> </span></p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"><span style="mso-spacerun: yes;"> </span></p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Given the forgoing please explain to me why the sale of new ICE
powered vehicles is being banned?</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p>
<p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Love</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">A Constituent.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Feel free to copy it. If you think it's (a) right in its assertions (b) something your MP will actually read and, hopefully, act on (c) in line with your own prejudices.</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Also any suggestions for an edit will be welcomed. But bear in mind, in view of the fact that some (most?) MP's seems to have the attention span of an inebriated goldfish and the reasoning ability of a 15 year old female (I speak from personal experience) I think it best we keep it to one side of A4.</p><br /><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">UPDATE 4th February 2023</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">Serendipity strikes again:</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;">https://www.youtube.com/watch?v=MNrGZC8h4Fg</p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> </p><p class="MsoNormal" style="margin-bottom: 0cm; text-align: justify;"> <br /></p>
<p></p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com31tag:blogger.com,1999:blog-1141932539860553199.post-45033353945782893522023-01-25T11:43:00.004+00:002023-01-25T11:43:35.539+00:00Sound or Unsound Money<p>The is an edited version of one of my businesses' Briefing Notes. Thoughts? <!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:AllowPNG/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-GB</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false"
DefSemiHidden="false" DefQFormat="false" DefPriority="99"
LatentStyleCount="375">
<w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index 9"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" Name="toc 9"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="header"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footer"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="index heading"/>
<w:LsdException Locked="false" Priority="35" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of figures"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="envelope return"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="footnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="line number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="page number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote reference"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="endnote text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="table of authorities"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="macro"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="toa heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Bullet 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Number 5"/>
<w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Closing"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Signature"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="true"
UnhideWhenUsed="true" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="List Continue 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Message Header"/>
<w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Salutation"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Date"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text First Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Note Heading"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Body Text Indent 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Block Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="FollowedHyperlink"/>
<w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Document Map"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Plain Text"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="E-mail Signature"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Top of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Bottom of Form"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal (Web)"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Acronym"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Address"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Cite"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Code"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Definition"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Keyboard"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Preformatted"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Sample"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Typewriter"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="HTML Variable"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Normal Table"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="annotation subject"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="No List"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Outline List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Simple 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Classic 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Colorful 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Columns 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Grid 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 4"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 5"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 7"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table List 8"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table 3D effects 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Contemporary"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Elegant"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Professional"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Subtle 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 1"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 2"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Web 3"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Balloon Text"/>
<w:LsdException Locked="false" Priority="39" Name="Table Grid"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Table Theme"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" SemiHidden="true" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" QFormat="true"
Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" QFormat="true"
Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" QFormat="true"
Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" QFormat="true"
Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" QFormat="true"
Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" QFormat="true"
Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" SemiHidden="true"
UnhideWhenUsed="true" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" SemiHidden="true"
UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/>
<w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/>
<w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/>
<w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/>
<w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/>
<w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/>
<w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/>
<w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="Grid Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="Grid Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="Grid Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"/>
<w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"/>
<w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 1"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 1"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 2"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 2"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 3"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 3"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 4"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 4"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 5"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 5"/>
<w:LsdException Locked="false" Priority="46"
Name="List Table 1 Light Accent 6"/>
<w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"/>
<w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"/>
<w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"/>
<w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"/>
<w:LsdException Locked="false" Priority="51"
Name="List Table 6 Colorful Accent 6"/>
<w:LsdException Locked="false" Priority="52"
Name="List Table 7 Colorful Accent 6"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Mention"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Smart Hyperlink"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Hashtag"/>
<w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true"
Name="Unresolved Mention"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin-top:0cm;
mso-para-margin-right:0cm;
mso-para-margin-bottom:8.0pt;
mso-para-margin-left:0cm;
line-height:107%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri",sans-serif;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;
mso-fareast-language:EN-US;}
</style>
<![endif]-->
</p><p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">What is ‘sound money’?<span style="mso-spacerun: yes;"> </span>Or, perhaps more importantly, what is
‘unsound money’?</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Unsound money can be defined
as money which has:-</span></p>
<p></p><ul style="text-align: left;"><li><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Overwhelming
counterparty risk, and </span></li><li>F<span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">ails
to sustain its relative value over time.</span></li></ul><p style="text-align: left;"></p><p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">To see why this matters we
have to understand what money is and what its function is.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Money is any thing which an
economy accepts to act a medium of exchange, a store of value and a unit of account
(a measure of value).<span style="mso-spacerun: yes;"> </span>Commonly this
thing that became universally accepted in most exchange economies was, is,
gold.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">There is also a difference
we need to define between money and currency.<span style="mso-spacerun: yes;">
</span>These two words are nowadays used interchangeably; as the same thing. But
to make sense of ‘sound money’ their meanings need to be differentiated.<span style="mso-spacerun: yes;"> </span></span></p>
<p class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%; mso-bidi-font-family: Verdana; mso-fareast-font-family: Verdana;"><span style="mso-list: Ignore;">1.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Money,
is money.<span style="mso-spacerun: yes;"> </span>The fundamental store of
value, medium of exchange and unit of account. </span></p>
<p class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo2; text-align: justify; text-indent: -18.0pt;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%; mso-bidi-font-family: Verdana; mso-fareast-font-family: Verdana;"><span style="mso-list: Ignore;">2.<span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Currency
is a medium of exchange and unit of account but has to be exchanged for money
as a reserve of value.<span style="mso-spacerun: yes;"> </span>Witness the
statement on a British Ten Pound note – ‘I promise to pay the bearer on demand
the sum of Ten Pounds’.<span style="mso-spacerun: yes;"> </span>That is such
‘paper money’ is not money but a ‘promissory note’.<span style="mso-spacerun: yes;"> </span>A ‘currency’.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Why does the counterparty
risk matter?<span style="mso-spacerun: yes;"> </span></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Firstly, in effect, no
exchange transaction is complete until the receiver of the currency goes to the
currency issuer and obtains his money.<span style="mso-spacerun: yes;">
</span>Until he makes this exchange what he holds is a promissory note, not
money.<span style="mso-spacerun: yes;"> </span>Now, this may not matter if he
can then, at any time in the future, exchange this promissory note for other
real goods and services.<span style="mso-spacerun: yes;"> </span>And that the
promissory note maintains its relative value.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">What do we mean by relative
value?<span style="mso-spacerun: yes;"> </span>Suppose the currency issuer
issues a lot more promissory notes than he has money at hand.<span style="mso-spacerun: yes;"> </span>This will increase the supply of currency
(and therefore the counterparty risk) relative to other goods and
services.<span style="mso-spacerun: yes;"> </span>If the number of promissory
notes is, say, doubled, then their value must halve.<span style="mso-spacerun: yes;"> </span>The currency holder will need twice as many
promissory notes to have the same purchasing power.<span style="mso-spacerun: yes;"> </span>And hence the prices of goods and services in
that reduced value currency must double.<span style="mso-spacerun: yes;">
</span>In short, the counterparty has taken half the value of the currency holders’
money for nothing in exchange. This is theft.<span style="mso-spacerun: yes;">
</span>Or in money terms, counterfeiting.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">It used to be that the free
market had evolved over time a sound money system.<span style="mso-spacerun: yes;"> </span>Roughly, money was gold.<span style="mso-spacerun: yes;"> </span>Gold was held in warehouses, called
goldsmiths and latterly banks.<span style="mso-spacerun: yes;"> </span>Customers
would instruct banks to settle debts using written instructions - ‘please pay A
gold to the weight of X on this date signed B depositor’.<span style="mso-spacerun: yes;"> </span>As time passed it was realised by banks that
they could issue ‘bank notes’ based on the quantity of gold in their vaults
which customers could carry and exchange between themselves confident that if
at some point they needed to obtain their money they could present the bank
note at the bank for settlement in gold.<span style="mso-spacerun: yes;">
</span>(I have ignored coin here for simplicity – but similar rules apply).</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">In due course it dawned on
bankers that as long as they did not overdo it they might be able to issue more
currency than the value of gold – i.e. money - they held in their vaults.<span style="mso-spacerun: yes;"> </span>This practice bestows enormous benefit to
currency issuing banks as obviously this new ‘currency’ / aka money, is money
for nothing.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Luckily Mr Market was wise
to this practice and under laissez-faire banks who pushed this currency
expansion too far, were called to account and failed.<span style="mso-spacerun: yes;"> </span>There were bank runs.<span style="mso-spacerun: yes;"> </span>Some depositors lost money.<span style="mso-spacerun: yes;"> </span>But the banks owners, in the age of unlimited
liability banking partnerships, lost everything or nearly everything and lost
their reputations.<span style="mso-spacerun: yes;"> </span>These market
disciplines generally kept banks honest and respected.<span style="mso-spacerun: yes;"> </span>And excellent example of how this worked is
the story of the failure of the Ayr Bank.<sup>(1)</sup></span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Now, moving forward to
today.<span style="mso-spacerun: yes;"> </span>We live in an age of catastrophically
bad money.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">In 1944 various of the great
and the good (including Mr Keynes) met at a place in the USA named Bretton
Woods<sup>(2)</sup> to sort out a post war international settlement and money
order.<span style="mso-spacerun: yes;"> </span>Very briefly they agreed that the
USD should be linked to gold at the price of $35 per ounce.<span style="mso-spacerun: yes;"> </span>And that all other currencies would be linked
to the USD.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">This was all fine and dandy
(actually it was not – it was a huge accident waiting to happen) until the USA
got involved in the Cold War/The Korean War/The Vietnam War/and the Great
Society Program. They funded all this by simply printing more and more USD.<span style="mso-spacerun: yes;"> </span>Until the French got fed up and demanded
settlement of their USD balances in gold.<span style="mso-spacerun: yes;">
</span>Which of course the USA did not have / would not do.<span style="mso-spacerun: yes;"> </span>This led to Nixon closing the gold window on
15<sup>th</sup> August 1971 and collapsing the Bretton Woods fake gold
standard.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>We, the West, have been using entirely fiat
money (currency) since that date.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">The result has been
catastrophic.<span style="mso-spacerun: yes;"> </span>Sterling and the USD have
lost respectively about 99% and 98% of their relative value.<span style="mso-spacerun: yes;"> </span>(It is an economic saw that ‘all paper money
trends to zero value).<span style="mso-spacerun: yes;"> </span>We, the people
have been robbed by our governments.<span style="mso-spacerun: yes;">
</span>This currency (money) debasement is also a product of the fallacies of
Keynesianism. You cannot operate Keynesian with sound money.</span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">The worry for us as individual citizens is how far will this go?<span style="mso-spacerun: yes;"> </span>As currencies like the USD, GBP, Euro etc
fail (and fail they will) the currency authorities will replace them with programmable CBDC
(central bank digital currency), the day by day relative value of which can be
manipulated directly by those nationalised currency authorities.<span style="mso-spacerun: yes;"> </span>How will be able to grow and
preserve our wealth under such an assault?<span style="mso-spacerun: yes;">
</span>Let alone our freedom? </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;">Lobbying for a return to sound
money is one thing we should be doing if we want to preserve the free society.</span></p>
<p class="MsoNormal"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;"> Footnotes</span></p>
<p class="MsoListParagraph" style="mso-list: l2 level1 lfo3; text-indent: -18.0pt;"><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%; mso-bidi-font-family: Verdana; mso-fareast-font-family: Verdana;"><span style="mso-list: Ignore;">(1(1) <span style="font: 7.0pt "Times New Roman";"> </span></span></span><span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%;"><a href="https://en.wikipedia.org/wiki/Douglas,_Heron_%26_Company">https://en.wikipedia.org/wiki/Douglas,_Heron_%26_Company</a></span></p>
<span style="font-family: "Verdana",sans-serif; font-size: 10.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">(2) <a href="https://en.wikipedia.org/wiki/Bretton_Woods_Conference">https://en.wikipedia.org/wiki/Bretton_Woods_Conference</a>
and <a href="https://en.wikipedia.org/wiki/Bretton_Woods_system">https://en.wikipedia.org/wiki/Bretton_Woods_system</a></span><p></p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com23tag:blogger.com,1999:blog-1141932539860553199.post-49645973061456295792023-01-24T14:30:00.003+00:002023-01-24T14:40:04.938+00:00So that's it then...?<p><span style="font-size: medium;">In a clip to which I have lost the link, Starmer says this:-</span></p><span style="font-size: medium;">Questioner: "Westminster or Davos?"<br /><br />Answer (without hesitation) "Westminster is too constrained… Once you get out of Westminster, whether it’s Davos or anywhere else, you actually engage with people that you can see working with in the future. Westminster is just a tribal shouting place."<br /><br />So that's his ideas of democratic accountability then? He's happier with the utterly unaccountable globalist 'elites' than fighting for his ideas in the intellectually testing arena of the adversarial bearpit that is Parliament. A process that has served England the UK very well for hundreds of years.</span><br />Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com3tag:blogger.com,1999:blog-1141932539860553199.post-20368718003536479862023-01-20T14:19:00.001+00:002023-01-20T20:19:32.337+00:00Yet more green crapI recently received this exhortation as the footer of an email,<br><br>
<i>If every adult in the UK sent one fewer "thank you" email a day we would save more than 16,433 tonnes of carbon a year - equivalent to 81,152 flights to Madrid or taking 3,334 diesel cars off the road.' So 'thank you' in advance!</i><br><br>
Now there are 52 million adults in the UK approximately, so that's 52 x 365 million emails, or about 19 billion emails. Divide 16,433 million by 19 billion and you get 0.865g of carbon per email. In the UK, on average 270g of CO2 are emitted to make 1kWh of electricity, so that makes 3.2Wh of electricity used. My laptop's battery is 58wh, which can power it for 75 minutes, so it uses 0.77wh/min. That would suggest that the time it takes to compose a thank you email and read it is about 4 mins which seems about right, until you realise that both computers would be on anyway, whether you sent the "thank you" email or not, so the additional electricity used is too small to be measured. This is exactly the same counting overheads as running costs that gives us headlines like "Missed GP appointments costing NHS millions" and just as false.<br><br>
Lies, damned lies and statistics.Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com4tag:blogger.com,1999:blog-1141932539860553199.post-88786932849418629382023-01-15T19:10:00.000+00:002023-01-15T19:10:17.892+00:00More "green crap"Going green is a wonderful idea, not using up a limited resource in favour of utilising an unlimited one seems a "no brainer" but as ever, the theory is one thing <a href="https://en.rattibha.com/thread/1614178348694904837" target="_blank" rel="nofollow">and the practice is another</a>. <br><br>
Green is not so clean.Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com9tag:blogger.com,1999:blog-1141932539860553199.post-44255172670957937052023-01-14T18:18:00.002+00:002023-01-14T18:18:26.536+00:00Gleichschaltung?Has anyone else noticed how social and other media have a tendency suddenly to become concerned about a single issue, as illustrated <a href="https://off-guardian.org/2023/01/12/what-is-the-us-gas-stove-ban-really-about/" target="_blank" rel="nofollow">here?</a><br><br>
The article strays into conspiracy theory territory, but is this and others like it in the world of Green/Climate change issues, such as the "wood-burning stoves cause terrible air pollution" scare, just simply a sign of how connected everyone is these days or an illustration of the saying that a lie can be half way round the world before the truth has got her shoes on?<br><br>
Happy New Year everyone!Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com3tag:blogger.com,1999:blog-1141932539860553199.post-64430567889692655492022-12-09T13:04:00.001+00:002022-12-09T13:04:43.470+00:00"However, critics say it risks forgetting the lessons of the financial crisis..."From <a href="https://www.bbc.co.uk/news/business-63905505">the BBC</a>:<br />
<br />
<i>The government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades.<br />
<br />
It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth". Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed. Those were introduced after the 2008 financial crisis when some banks faced collapse.<br />
<br />
The package of changes, the "Edinburgh Reforms" is being presented as an example of post-Brexit freedom to tailor regulation specifically to the needs and strengths of the UK economy.<br />
<br />
<b>However, critics say it risks forgetting the lessons of the financial crisis.</b></i><br />
<br />
Famous last words. The government is clearly insane. It's like scrapping regular checks on bridges on the basis they haven't collapsed for years. This is all just setting us up for the next financial crisis starting in 2025.<br />
<br />
If you start at the ideal kind of economy, with free and competing markets, you can either veer to the left: over-regulation, nationalisation, socialism, communism... and end up with a small handful of people living in luxury at the expense of the impoverished masses.<br />
<br />
Or you can veer to the right: de-regulation, privatisation of national wealth, corporatism, crony-capitalism, allowing rent-seekers to run the show... and end up with a small handful of people living in luxury at the expense of the impoverished masses.<br />
<br />
There's no real difference, is there? Russia pivoted from the Communist extreme to the crony-capitalist extreme in the 1990s, with the same people doing the controlling and exploiting.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.com25tag:blogger.com,1999:blog-1141932539860553199.post-90136886485993327952022-12-08T10:46:00.004+00:002022-12-08T10:46:44.135+00:00They own land, give them (easy) money!Spotted by TBH in <a href="https://www.dailymail.co.uk/news/article-11514735/Homeowners-struggle-mortgage-payments-help-new-deal.html">The Daily Mail</a>:<br />
<br />
<i>Homeowners who run into financial trouble will be able to make reduced mortgage payments under a deal brokered by Chancellor Jeremy Hunt at a summit with bank bosses yesterday.<br />
<br />
The Treasury said last night bank chiefs had agreed a series of measures to help struggling customers. Those who run into difficulty with payments will be offered targeted help, which could include a ‘short-term reduction in monthly payments’, a temporary switch to interest-only payments or extension of the mortgage term to reduce monthly costs.<br />
<br />
Banks also agreed that households coming to the end of their fixed rates should be offered a new deal without another affordability test, provided they have kept up with payments.</i>
<br /><br />
This is how they will keep the credit/land price bubble going for another two or three years before the inevitable big financial crisis/house price crash in 2025. Apparently, a recent Welfare Reform Bill had similar measures for people claiming Universal Credit.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.com7tag:blogger.com,1999:blog-1141932539860553199.post-27582891852455239872022-11-29T08:28:00.005+00:002022-11-29T08:28:43.011+00:00Follow up to Our Hosts previous two posts<p> Good watch:-<a href="https://www.youtube.com/watch?v=YBdmppcfixM" target="_blank">here</a></p><p><br /></p>Lolahttp://www.blogger.com/profile/04586735342675041312noreply@blogger.com2tag:blogger.com,1999:blog-1141932539860553199.post-91541042228705187132022-11-25T14:04:00.002+00:002022-11-28T15:29:23.785+00:00Questions for Alarmists, which they will never answer.Seeing as we are laying into Alarmism this week, here are a few questions which need to be answered, even if they refuse to accept that the 33 degree GHE is a massive great lie (based as it is on selectively ignoring clouds):<br />
<br />
1. What is the optimum CO2 level to get an optimum climate?<br />
2. In which earlier periods of at least a century was CO2 at this level?<br />
3. Can you confirm that the weather was objectively better in most of those centuries - very few natural famines (this is the most important one), floods, droughts, hurricanes, forest fires etc, with steady rainfall patterns in most places, etc, or at least, a lot fewer/steadier than in the last half a century?<br />
4. Can you also confirm that temperatures were stable throughout most of those centuries, varying by no more than +/- 1 degree per century?<br />
<br />
I doubt whether the mantra "pre-industrial levels" is the right answer - during the last period when CO2 was this low was the Little Ice Age, which as far as we can tell was a global phenomenon. Mass famines and at least as many floods, droughts etc as nowadays. We don't want that!<br />
<br />
And we know that temperatures have never been that stable; climate change is a constant and always has been. The ups and downs of the last 150 years are nothing unusual.Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.com7tag:blogger.com,1999:blog-1141932539860553199.post-86719543878142538682022-11-19T20:22:00.001+00:002022-11-19T20:22:43.711+00:00Climate change: the real cause?<a href="https://www.youtube.com/watch?v=vpTHi7O66pI" target="_blank" rel="nofollow">This</a> is a very interesting talk on what seems very likely to be the real cause of climate change. If you disregard the conventional alarmism, what is presented is a process that both increases the amount of CO2 in the atmosphere and causes warming. One does not cause the other, both are caused by the same thing. <br><br>
Who needs pseudo-science when you can have facts?Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com4tag:blogger.com,1999:blog-1141932539860553199.post-42310136177769483932022-11-17T19:10:00.000+00:002022-11-17T19:10:12.959+00:00More science deniersWe are used to the Alarmists gaily ignoring physics in favour of their own "climate science", but now a new breed of physics deniers are abroad, trying to con people into <a href="https://try.shopecoheat.co/vykkj3lnaU" target="_blank" rel="nofollow">paying well over the odds for ordinary blow heaters.</a><br><br>
<i>It warms 10x faster than traditional heaters</i><br>
That just means it is 10x more powerful.<br><br>
<i>It barelly (sic) affects your energy bill </i><br>
All direct heaters are almost 100% efficient, whether they be gas or electric. There is nowhere else for the energy to go, except as heat. The First Law of Thermodynamics states that "Energy can be transformed from one form to another, but can be neither created nor destroyed.", so it doesn't matter how whizzy or high-tech your electric heater is, it will still use the same amount of energy to raise your room from, say, 16C to, say, 20C and cost you just as much.<br><br>
However, the resistance in the wires that feed your socket into which you have plugged the Eco-heat heater causes the wires to heat up, lowering the efficiency of the heater. The formula to calculate this loss is W = i^2R, where W is the heat loss, i is the current and R is the resistance of the wires. This means that, although the energy loss is small, it is proportional to the square of the current. If your heater is 10x more powerful than a normal heater, then, for a fixed voltage (for those of us who do not have access to 3-phase electricity), then your current will be 10x greater and hence your losses will be 100x greater, rendering the Eco-heat less efficient than the old blow heater that you have stuffed in a cupboard somewhere.Bayardhttp://www.blogger.com/profile/15211150959757982948noreply@blogger.com7