Society and Trivia
As is well known by our American cousins Prince Madog ap Owain Gwynedd heir of Owain discovered America around the year 1200 some 300 years before Columbus and founded a colony near to Alabama (although
As RoyMogg readers will be aware the ‘Red-Lady of Paviland’ currently resides in a box in Oxford and is the subject of action to attempt the repatriate the red-lady (actually red-bloke cos it is man!) to the land of origin Wales. The Red-Lady actually a red-ochre stained body of a man, is one of the earliest known Palaeolithic burials in the UK and quite rightly belongs as part of the heritage of the Welsh being an example of early occupation of this land some 25 to 26 thousand years ago.
So it is that time when all the country (well except for Prince Charles I guess who must be fed up of waiting for the top job) celebrate the Jubilee of our Madge. It is as if the entire UK population, to the bemusement of foreigners and Americans, like lemmings lose their collective mind and gad around like halfwits joyfully tugging their forelocks and bathing in the aura of someone who has not done a hands turn in 86 years. Anyhoo I actually missed the last one miserable git that I am and have planned to escape to the country for a nice long weekend for this one as well.
Why is it that when the slightest things goes wrong with the signals (usually at London Bridge) passengers (with the exception of me) and Bob Crows army run around like chickens with their head cut off having no clue what is happening. Your truly bowls up to see a MASS of people staring skyward (no not at some apparition of the second coming) but at blank timetables and listening to garbled messages informing the masses that Gordon Brown is the second coming (no that’s not it I meant what we are supposed to do where we should go to catch a train).
Some years ago I was sitting in the accountancy module B212 ‘window dressing and off balance sheet techniques’ during my Masters course when the lecturer at the time piped up that one of the biggest fears in finance was the fact that mortgages were lent long whilst money was saved or acquired from the market short. In principle short money can be called for very quickly whilst paying back a mortgage on demand is impossible. A interesting discussion took place as we considered the possibilities of savers suddenly loosing confidence and withdrawing funds to stuff under the mattress or inter-bank lending suddenly drying up. And the fact that as mortgagees we would be unable to pay our loans on demand loans so all chaos could result. We also in passing have a quaint notion that the money in the bank is actually ours to call on on demand – look to how Cyprus handled their depositors!