This is a story about ethics...

Imagine if you or I got caught laundering the best part of a billion dollars worth of drug money. We'd get sent to jail for a very long time, right? What if a bank got caught doing it, and there was so much evidence that there was clearly a case for criminal wrongdoing that could be prosecuted? Well, maybe you'd get given a chance to get rid of some of your dodgy customers, and nobody would go to jail. Does that sound fair?

Let's think about the financial crisis of 2007/08, when reckless trading meant that the whole banking sector had to be bailed out, causing austerity for ordinary hardworking people. The people who have paid the highest price - with lower wages, job insecurity and cutbacks for frontline services - would never be able to go begging for interest free loans if they behaved so irresponsibly.

Bankruptcy is not a criminal offence. It's OK for a private citizen to run up huge debts, find out they could never hope to possibly repay their creditors, and declare bankruptcy. You don't go to jail for bankruptcy.

So, arguably, what the banks did in 2007/08 wasn't that bad. It wasn't criminal. They had their risk underwritten by governments, so why wouldn't they take huge risks with public money? They were economically incentivised to take those risks, because the precedent of the "too big to fail" bailouts meant that there was no downside risk.

But what about money laundering? What about facilitating payments for drug gangs, dealers, traffickers? If you or I were involved in any of that as a private citizen, the courts would throw the book at us. They'd lock us up and throw away the key. It's criminal.

So, what about the banks? If the biggest bank in Europe - HSBC - was well known to authorities for helping a couple of major drug gangs to launder the best part of a billion dollars in dirty money, wouldn't that be criminal too? Wouldn't people go to jail?

Well, no. Enter the concept of "too big to jail". Just like the financial bailouts that the banks received, banks can also receive Deferred Prosecution Agreements. That is to say, even though you got caught doing criminal stuff, you'll get let off so long as you take some steps to stop doing it in future.

And how long would you have to get rid of your dodgy customers? Well, say the US Department of Justice were thinking about prosecuting you in 2012, you might still be botching the IT project that is apparently 'essential' to get rid of your dodgy customers 4 years later... in 2016.

How much do HSBC really know about their customers anyway? Well, from their electronic records that they already have on file, they know about 6% of what they need to know. So basically, they don't know 94% of what they need to know.

Now, you might not be an IT project management expert, but you'd have thought that it's more important to find out the missing 94% of what you don't know, than even to bother with the 6% that you do know. Sure, it's pretty embarrassing to have to ask your customers where they live again, but what you really need to know is this: where did you get your fucking money?

In Customer Due Diligence terms, this is called Source of Wealth. You might have inherited the money (legit), you might have won the lottery (legit), you might have sold a priceless artwork (legit) and you might have trafficked vast quantities of illegal narcotics (not legit). Basically, HSBC had 4 years to ask all their customers "is your source of wealth drug money?". Did they manage this? No.

I'm quite spectacularly offended by just how badly they botched a simple project to ask all their customers to fess up: are you in the illegal drugs business?

Sure, it's true that HSBC had to cough up a couple of billion dollars in fines, but for them that's just the cost of doing business. Their profitability was barely affected.

Arguments were made to the US to defer prosecution, and to allow HSBC to keep its banking charter and continue to do business in the United States. These arguments were made on the basis of maintaining stability in the financial markets. The Deferred Prosecution Agreement came with stringent terms, that a court would appoint a Monitor to make sure that HSBC actually cleaned up their act. I can tell you now, Michael Cherkasky, that the project to clean up HSBC's customer base was a total sham. A shambolic waste of time & money, mismanaged to the point that the whole thing was laughable.

Do you think that message that is sent to "too big to fail" organisations, that they're above the law and they can never go bankrupt because they'll always be bailed out, is looking like the right one, today, now, in 2016?

The argument that has been made is that we need to prop up the share prices so that the pension funds are protected, and we need to maintain financial stability. Isn't that just utter bullshit, in the face of austerity and extreme volatility in the markets? We've had round after round of Quantitative Easing (QE) and other attempts to breathe life into markets that have lost their minds. There is nothing at all rational or efficient about the global markets that we see today.

And to round it all off, it's corrupt as hell. To allow banks to ride roughshod over the rule of law is the final step in handing over the nations of the world to the multinational corporations who have driven us into a position of financial ruin, much to the pain of the vast majority of ordinary working people. It stinks of the worst corruption ever perpetrated on Western civilisation, does it not?

Somebody has to call time on the lack of ethics and accountability for the too big to fail organisations, and their board members who are too big to jail.

When we allow the likes of Stuart Gulliver to be the CEO of HSBC, when he doesn't even keep his wealth in the bank he manages, but instead keeps it hidden in the Cayman Islands and Switzerland, clearly we have corruption right from the top down.

David Cameron, outgoing Prime Minister of the United Kingdom said, as recently as April, that "[I] can't point to every source of every bit of [my] money" but yet we would have the likes of you or I have to prove that our filthy lucre was not ill-gotten gains from some criminal enterprise. The corruption comes from the very top of both Government and organisations. It stinks.

Who is going to grasp the nettle and hold Government and large enterprise to account for having run us into economic ruin, while busily siphoning wealth offshore?

There needs to be accountability. There needs to be jail time for corrupt executives and government ministers.

Tags: #banking #capitalism #hsbc #politics

This is a story about speaking to the audience...

Acknowledging the reader is not a great literary device, when overused. I think I have pushed most people away, by writing with a very lecturing tone. When I address my readers as "you" I normally have somebody in mind. I tend to be using this blog as a passive-aggressive device, to attack those who have wronged or offended me.

When I write about "get a job" idiots, it's because I'm highly offended, when I've had a 20 year career and been in full time education or employment since age 4. When my hackles are raised because somebody says "everybody has to work" it's because I've probably put up with more shitty boring jobs than most people, and racked up more hours. Investment Banking is not known as a career for slackers. IT projects always demand you to pull some epic hours to get things over the line.

When I write about the hypocrisy of my parents, it's because they epitomise everything I would never want to become: lazy, underachieving, highly critical and negative people, who have always put their own selfish wants ahead of their children's needs. When I look at the general decline in living standards of the younger generation, it triggers my deep sense of having had an enjoyable time as a child and young adult robbed from me. And for what? So I can now have a miserable boring job?

There's a Frank Zappa quote that I like, though:

If you end up with a boring miserable life because you listened to your mom, your dad, your teacher, your priest, or some guy on television telling you how to do your shit, then you deserve it

But, in the words of my Dad: "you've got to pay to play". Of course, he forgets that his Dad was a wealthy accountant who very much paid for him to play.

So, I'm working a job that I hate, because I needed money and I needed it fast. Here in London I can get an IT contract very quickly and easily, and earn 5 or 6 times more than the average wage. You might think it's ungrateful, spoilt, to take this for granted and to even be unhappy, but after 20 years of playing the same game, using the same tried-and-trusted formula, there is no novelty, no surprises.

When I was 20 years old, I was earning £400/day working for Lloyds TSB in Canary Wharf. I was doing exactly the same work that I do today. It might seem vulgar to talk about money, but maybe you need to know why I'm not exactly thrilled to get out of bed in the morning.

There's a high-water mark: an expectation, set by your experiences. I really don't live any kind of jet-set life. I shop in regular supermarkets, I rarely eat out, I drink wine that costs less than £10 a bottle. I don't pay for satellite television, luxury gym membership or in any way indulge expensive tastes. Even my suit is threadbare and worn out, and I wear cheap shoes.

Some people need the status symbols, the trappings of wealth. Sure, I could plough my income into having a Ferrari, a speedboat, but you're missing the point: I completely rejected the rat race, made myself destitute, and I loved it. The feeling of liberation from monthly downpayments on some material object, or mortgage payments on bricks & mortar, brought joy back to my soul.

The highlight of my week was talking to the guy who shone my shoes. Under the grand arches of Leadenhall Market, by the futuristic Lloyds building in the City, this chap told me that he had quit his job as an auditor for Ernst & Young, and had become an actor. Sure, he was poor - having to shine shoes for £5 a pop - but you could see he was clearly in love with his life again.

You might see pictures of my fancy apartment, with its river views and think "flash bastard" and "that must cost a pretty penny". However, you have simply been fooled by the image that I wish to project... in fact, I need to project. I get paid a lot of money because I'm successfully hiding the fact that I'm a desperate man on the ragged limit of control. Only the semicolon tattoo behind my ear slightly gives away the fact that I'm living a life of quiet desperation.

In actual fact, the rent on my apartment comes to roughly double what it cost me to live in a hostel. Instead of living in a 14-bed dormitory with people who are on the very bottom rung of society, and having to share a bathroom and protect my few possessions from theft and spoil, instead I have an ample sized ensuite bedroom, storage cupboard and expansive reception rooms in which to relax in comfort.

You would think that living in a hostel would be cheap, so paying twice as much does not sound unreasonable, correct? When you consider that I can safely keep my bicycle in my hallway, I have a central London parking space, and amazing views over the River Thames from my balcony, you must surely recognise the value for money that I'm getting.

My one threadbare suit I only use for interviews, and the rest of the time I wear £50 trousers from John Lewis, no jacket and no tie. Somebody complemented me on my sharp attire the other day, and asked if my clothes had been tailored to fit me. I could only chuckle to myself, knowing that my outfit is entirely cheap off the peg stuff.

My accountant must despair of me, as I always cut things mighty fine. There is no profligacy - every penny I spend is calculated, right down to the few bits of bling that are necessary to indicate that you have attained a certain social status. It's just going to look a bit weird if you're an IT professional with a cheap shit laptop.

The really frustrating thing is how easy it is to fool people. Everybody assumes that under the surface, everything is just fine. If you dress yourself up in the right clothes and pretend like everything is tickety-boo, people have no reason to suspect that you are one negative event away from killing yourself.

I have no idea how I'm going to sustain the charade. Just because you're settled into your little rut, and figured out a system to keep turning the pedals, doesn't mean that I can do it. Smile and take the money, right? But what if it's too easy? What if the formula has been so perfected, that life is a paint-by-numbers?

I tried to teach a friend how to blag and hustle. I tried to show him the magic formula. I busted my balls to transfer as much knowledge as possible about how to play the game. He's no fool, and knew a few of the tricks of the trade already. However, ultimately he let himself down, because of the subtle detail.

There must be something that sets people apart. What is it that shatters the illusion? It could be something as simple as not noticing that your suit has still got the slit in the back of the jacket held together by a stitch of thread that you are supposed to cut yourself. It could be as simple as a cheap pen, or umbrella. It could be a single moment of self-doubt, or an answer to a question that clearly betrays the fact you're blagging, because you fail to one-up the interviewer and blind them with things they don't understand.

It might sound like snobbery, but it's actually the very essence of how people get into positions of authority. Having a shirt monogrammed with your initials, wearing an expensive wristwatch, carrying a Moleskine notebook, writing with a Mont Blanc pen, wearing the correct style suit and shirt and shoes. It's all so shallow, but sadly it works.

I'm part of a boys club, and there's no way I can show my hand. There's no way that my colleagues would be able to process the fact that I'm barely coping with mental health problems, the threat of relapse into drug addiction, and a desire to return to a simpler life when I didn't have to grind just to pay taxes, rent and maintain a fake image of having my shit together.

If I address the audience, it's because I'm so lonely in the little stage-play of my daily life. From Monday to Friday, I'm putting on a poker face, and looking busy at my desk. I face the threat of being found out as a blagger, a hustler, at any moment. The homeless guy is not welcome in the club. There's no room for anybody with a weakness, in the corporate dog-eat-dog world.

My colleagues tell me I'm doing a good job, and they like working with me, but I feel like a fraud when I submit my invoice for the week, and I think about how much time I spent on Facebook, writing blog posts, tweeting, reading the news and hiding in the toilet. I look at my timesheet, and it doesn't reconcile with the amount of work I have actually done. Sure, I was present in the office. My bum was on the seat for the hours I declare, but I don't feel productive or even useful.

So, I cast out into the world, looking for a connection, desperate for somebody to acknowledge my existence. Even when I rub somebody up the wrong way, at least it means some of what I say is hitting home somewhere. Most of the time, I'm alone with my thoughts and lonely as hell.

Every time I address "you" it seems to fall on deaf ears. I quickly forget that people have reached out, gotten in contact, because the conversation is so sporadic, unpredictable. This is such an unusual mechanism of communication, but what would I do without it? Friends have literally threatened to unfriend me on Facebook, because of the disproportionate amount of space I have consumed on 'their' wall.

I'm rambling, but I don't want this to end. It feels like I'm talking to "you". It feels like "you're" listening. It feels like I have a human connection, an honest relationship, that I just don't get for all those lonely, lonely office hours, where my whole focus is on trying to hide my depression, anxiety, boredom and desperate lack of purpose.

Without this blog, I'd be stuffed. There's a temptation to adapt my writing to be more appealing again. There's a desire to drive up the number of readers, by writing things that I know will be like clickbait, and nice to read.

However, that's not my style, not my purpose. We're having an intimate conversation, you & I. You might not realise it, but I'm thinking about hundreds of different potential audience members, as I write... trying to engage you... trying to connect.

Even if this isn't being read by the people I intended, at least it's there. There's something comforting, knowing that a little piece of me has been captured somewhere, in my own words. It feels like I'm at least winning, in the battle to leave a true account of who I was, and not become a convenient dumping ground for those who seek to abstain from any blame, for the part they did, or did not play in somebody's life.

I live in London. I'm practically an expert in turning a blind eye: ignoring the Big Issue seller, the clipboard-wielding survey taker, the collection tin rattling charity worker, the beggar, the pavement evangelist, and every other undesirable member of society who has fallen on hard times. I know what it's like to have your head down because you're so wrapped up in your own struggle, and so fixated on the rat race.

I've considered the question many times: am I a melodramatic attention seeker? Are my cries for help completely unnecessary? Is my lot in life no worse than anybody else's?

Frankly, who gives a shit? I'm just about scraping through every day by the skin of my teeth. Not only walking out on a boring job, but potentially leaving this shitty life altogether. I know how decisive I am. I know how bold and brave I can be, once I have decided to do something. I know I could easily snuff out my life, in the blink of an eye.

Doth I protest too much? Why take the chance?

Isn't this somebody else's problem? Aren't there pills for this?

Yes, try clinging onto those pathetic get-out-of-jail-free cards, once the person has gone.

Perhaps I'm dredging up emotions that could be suppressed? Perhaps the very act of writing is prodding at raw nerves, and actually keeping feelings on the surface that could easily sink back into my subconscious. Am I, in the very act of writing this blog, talking myself into depression and suicide? Well, the journal charts my moods, so you have all the data you need for the postmortem.

I live for writing. I live for my browsing stats and my Twitter followers. I live for those few moments when somebody emails out of the blue, and acknowledges my existence. You would be surprised how few and far between those precious events are.

Moan, moan, moan, right? Poor me, poor me, pour me another drink?

Perhaps Alcoholics Anonymous is the place for this, even though I'm not an alcoholic? Dylan Thomas wrote that an alcoholic is somebody who drinks just as much as you, but you don't like them very much.

Why do we push people to the fringes, the periphery? Why do we want the people who wail in distress to just shut up and go away? Do you think it completely meaningless, when somebody goes to great effort to explain how they're feeling, and attempt to communicate with you, by whatever means they can?

How long have I been doing this for? Shut up! Give up! Go away! Right?

If something doesn't immediately work, just quit, right?

Hasn't the message been received from you, loud and clear? You don't care. You're busy with your own life.

Is it the bystander effect? Surely somebody else is going to do something? Not me, I'm not going to be first. I don't want to get involved!

What do you think's going to happen? Are you going to catch my mental illness? Are you going to be made responsible for my life? Are you going to be shackled to me, forced to live with me, with me stealing food from your children's mouths? Am I out to ruin you and your family?

I feel like a dirty leper. I feel contagious. I feel a huge amount of pressure to pretend like I'm capable of just conforming, complying... when the truth is that things are getting worse, not better. My patience is worn thin. My energy levels have been exhausted. I'm later and later getting to work. I can no longer even pretend to be busy, and keep up the charade.

Join a gym. Eat some kale. Go to a book club. Get a girlfriend.

Can I chase away the existential dread with trivial frivolities, when the bulk of my waking hours are filled with such utter bullshit? Having a taste of freedom has perhaps ruined me. Knowing how the game is rigged, and how to play the system has left me reeling, with the shocking revelation of the pointlessness of it all.

Even if - for the sake of argument - I'm a dimwitted fool, it still doesn't take away the fact that my brain is in overdrive. I'm bombarded with thoughts in the empty hours where I am so unchallenged, so bored.

You educate a person. You train them for a job. You stretch them and challenge them and titillate their interests, and then what? You put them into a corporate machine where independent thought is undesirable? You put them into a bland business environment where creativity is discouraged? You put them into the straightjacket of the working world, where innovation and ingenuity are unnecessary?

Yes, I'm compliant, because I had a tax bill to pay, and debts to pay down. But every day is a simple test of patience. What's going to win: am I going to commit suicide, run away from my pointless responsibilities, or simply sit mute in my chair trying not to scream for long enough that I have built up another nest egg to fritter away on more life-affirming pursuits?

Life's too fucking short for all this. The clock ticks down to the day I die, and what can I say I did with my life? I didn't tell the boss to go fuck himself? I didn't storm out of the office, yelling at the top of my voice that everyone is wasting their precious existence on pushing paper around their desk? I didn't let the bank, the landlord, repossess their precious property and go live somewhere off-grid, to get away from the constant pressure to run just to stand still.

I'm writing and writing, because there is no end until going home time. How do I fill these empty hours where I'm 'working'. Does anybody even care that I've churned out tens of thousands of words, at the expense of the companies I'm contracted to work for? Does anybody even notice, that it makes not a jot of difference, whether I'm fulfilling my job description or not?

You're going to look at the length of this essay and think "what the actual fuck, who has the time for this?". I could put a cork in my mouth. I could curtail this bout of verbal diarrhoea. But what else would I do with my time? At least this wall of words - this tidal wave - records for posterity, the angst that might drive me to my early grave. At least people can see the kind of torture that my soul was subjected to.

Suffer in silence? Fuck off.

Tags: #writing #socialmedia #suicide #depression #mentalhealth

This is a story about the final countdown...

My target was 300,000 words in less than a year, and I'm almost there. There is certainly quantity, but the quality has been hit & miss.

Why would I continue to write, when the number of readers I have has dwindled? I descended into ranting insanity during a rocky start to 2016, and then the ever-unpopular topic of politics.

Well, at some point you're going to make a breakthrough, turn a corner.

Because Google has indexed all of my 292,000 words for search, people are finding this website from all over the world, and they're able to explore the inner-workings of my mind, on a range of different topics: mental illness, addiction, banking, IT, childhood, and of course the running theme of a person who writes candidly, without self-censorship.

I'm going to write more extensively on the topic of 'open sourcing' the contents of your mind. You might think that I'm narcissistic, self-obsessed, but in actual fact it takes time & effort to sit down every day, compose your thoughts, and attempt to convey your feelings, the inner-workings of your own brain.

Imagine if anybody ever wanted to create a 'bot' version of me. How would you 'download' my brain into a computer system, so that my mind could be simulated? There is no technology in existence today that can create a facsimile copy of my entire neural network, and no technology is likely to be possible in any immediate future, given the trillions upon trillions of nerve cell connections in your brain.

However, the more you write, the more data there is for a machine to analyse. The technology for parsing natural language is very advanced. Also, how would you want to interact with me? Today, most of my friends communicate with me via text chat. If I had already created a bot version of myself, would any of my friends even know?

My friends: how are you, Nick?

My bot: I want to die. Every day is pain and suffering.

You see... it wouldn't be that hard.

My friend Ben created a bot that can do certain tasks, like a Siri-style personal assistant, but wouldn't it be so much cooler if you could interact with a virtual version of me that encapsulated my personality, my values, my unique thought patterns and writing style?

Alan Turing famously came up with the Turing Test, where a computer attempts to convince a human that it is also human. As yet, no computer system has managed to pass the test.

Instead of thinking about complex algorithms that can analyse a question, and formulate an appropriate response, shouldn't we start by thinking about how we can capture a human mind, in digital form?

Sure, we could take all your emails and Facebook status updates, and attempt to reconstruct your personality from data like that, but aren't we constrained by social protocols and expectations? Besides, the computer system would be fooled by the fake image you wish to project.

So far as Facebook thinks right now, the human race is full of happy smiling people who love their kids, never have arguments, and whose lives revolve around a culture of trite soundbites, quotes. So far as Twitter thinks, the human race revolves around clipped, concise 140 character retweetbait. Are we really a race defined by short witticisms?

And so, this long-form verbose version of myself, where my heart and soul gets poured out onto these pages is hopefully highly representative of who I am, what makes me tick. I've tried to leave no stone unturned, no hidden characteristic and shameful secret undocumented.

I still have a time-based objective - to write for at least 1 year - to complete, but I really feel like that's not going to be hard. Writing has slipped seamlessly into my life, and I now depend on it to be able to manage my emotional state. Writing is like the best counsellor that money could buy, because the pages of this website are always here, ready to listen to me, as I pour my little heart out.

Maybe I should STFU, but why? I'm not hurting anybody. This is a legacy. An insurance policy. If anybody's ever standing around wondering "why?" it's probably documented somewhere right here. The smoking gun is undeniably here for all to see.

I know from public speaking, that the more you tell an anecdote or a story, the better storyteller you become, and the more engaging and entertaining you get. For sure, it's addictive, putting yourself out there, once you get over the initial fear of embarrassment. However, how would you feel, if faced with the prospect of writing the equivalent of 5 novels in the space of a year?

How should I feel about the vast quantity of white noise I have pushed out onto an overcrowded Internet? Should I feel embarrassed, ashamed, to have not contributed something more pre-planned and better executed? Am I simply polluting the world of words, with my own contribution that doesn't come with a seal of approval from an institution? Where is my peer review? Where is my commercial or academic backer, to lend authority to my case?

Perhaps we should all go on creative writing courses or get degrees in English Literature from University, before we are allowed to be let loose on a keyboard?

No. Writing is democratic. Writing is human. Writing captures the very essence of who and what you are.

I like my little time capsule.

Tags: #writing #socialmedia

This is a story about premonitions...

Our perception of reality is subjective, and it is coloured by our state of mind. I'm deeply depressed, so I tend to see everything as negative, hostile, and doomed to failure.

Yesterday, I was writing a piece about how I thought the markets had over-corrected, and how I expected to see another rout in the FX and equities markets, of Sterling and the FTSE. Little did I know, that as I was writing, a terrorist attack was occurring in Istanbul, Turkey.

When your mental health is suffering, sometimes you can start making too many connections, seeing too many co-incidences. Last year I started to misinterpret events as significant in my life somehow. I started to feel overly connected to things happening around me - because I was unwell - and thought I was at the epicentre of a seismic event again, like during the Credit Crunch, when I felt at the very heart of the derivatives market and Credit Default Swaps, with JPMorgan.

Michael Cherkasky, the monitor from the US Department of Justice, still isn't happy with HSBC's customer due diligence, but nobody seems to give a shit. The share price might have dropped almost 20%, but so far as I know, nobody's going to prison for not warning the shareholders, which would be a violation of the Sarbanes-Oxley Act, which has tried to force public corporations to be honest and open when things are going wrong.

The thing is, the show must go on, and everybody has a vested interest to some extent. Bear Stearns couldn't fail, because the markets were already spooked by Lehman Brothers. Greece couldn't default, because the entire stability of the European single currency and the stability of global markets was at stake.

Even now, with Britain prompting a disorderly rush for the door, and the potential for systemic collapse, as a domino-like chain of events is set off, we are still seeing a surprising amount of stability.

Market economics is supposed to weed out the weak and the reckless. The companies and governments that have gone beyond their means are supposed to be punished by the market, but actually what we have all demanded is stability, not a free market.

Really, Bear Stearns should have been allowed to fail, AIG should not have been bailed out, Greece should have been allowed to default on its debts, the UK should be allowed to precipitate the collapse of the Eurozone and the inevitable failure of the Euro and debt defaults across Southern Europe.

What people seem to be voting for is the free market that we supposedly have. Where would we be, if we had bitten the bullet in 2007/2008 and not simply propped everything up? Aren't we going to have to suffer a global recession that is many, many times worse than it might have been if we'd allowed reckless companies and governments to fail earlier?

However, the politicians and the banks believe that they've been tasked with economic stability. Certainly, the Bank of England's brief is to try and maintain inflation in a certain range. It certainly runs contrary to our Keynesian understanding of economics, when central banks are actually used to prop everything up, to maintain the status quo.

Gordon Brown famously declared that we had seen the end of boom & bust, but haven't we simply made a farce of the idea that debts ever have to be repaid, and there isn't an endless supply of money?

Civilisations normally fall when the burden of debt is unmanageable, but creditors refuse to forgive debts.

The world needs to deleverage, to have a debt haircut, for debts to be forgiven. The system has failed. There's no moral hazard. Everything is too big to fail. There is no market economics anymore.

I think that what people want is either inflation, to inflate away their debts, or debt forgiveness, because they are over-burdened with huge mortgages, student loans etc. etc. People feel that they've been hurt in the pocket, and they really don't care about the stability of stock portfolios and the value of Sterling.

I see the Brexit decision as almost a vote to accept a devaluation, in the hope of stoking up domestic inflation. It's a vote to accept volatility and chaos in the financial markets, that we supposedly wanted to avoid during the Credit Crunch, but people were never asked if they were OK with a whole heap of bad banks going bankrupt.

Yes, people are probably naïve about how upset they'd be about their life savings being wiped out, and having to use a barrowload of pound notes to pay for a loaf of bread, but perhaps it's better than their lives of quiet desperation, while the rich get richer and the poor get poorer?

I'm incredibly impressed to see stability in the markets today, but I don't think that's what anybody wants. People are looking for a shake-up in the pecking order. People are rocking the boat, because they're unhappy, and they literally don't care about the global economic impact and systemic risk. Perhaps propping it all up, and forcing a very long period of austerity onto everybody wasn't such a smart move.

The next question is: how far are the wealthy prepared to go, in order to get their pound of flesh?

Tags: #politics #banking #capitalism #hsbc #politics #europe

This is a story about volatility...

Most people don't like Mondays. I don't like Wednesdays. I refer to them in my own mind as "whacky Wednesdays" and try and make a mental note not to be travelling anywhere on that midweek hump day. The world always seems to be going bezerk on a Wednesday.

I woke up early this morning to check what the Nikkei - the top 225 shares traded on Tokyo's stock market - was trading at. Money has to go somewhere. When money takes flight, it can run to save-haven currencies, like the Swiss Franc, or it can flow into to other global markets: heading East or West in a follow-the-sun tidal wave. 3 trillion dollars are currently on the move.

Capital can move into scarce commodities like gold when stuff is really turning sour, like it did in the lead-up to the credit crunch. Finally, there are the bond and gilt markets, for the mugs who believe in the power of governments and corporations. Built on top of all these securities are quadrillions of dollars worth of derivatives, but it's very hard to get any sense of what the value of these 'assets' are, and where they're held.

Derivatives are a bet on an underlying security's value. Futures and options are the classic instruments, that allow you to bet that the share price of a company is going to rise or plummet more than the market expects.

The thing about placing a bet is that it manipulates the market. George Soros was famously given so much leverage by the investment banks backing him, that he was able to exhaust Britain's foreign currency reserves and force the UK out of the European Exchange Rate Mechanism, causing the value of Sterling to plummet.

Laughably, people were able to speculate on the outcome of the EU referendum in very much the same way... including George Soros! The amount of commission earned by investment banks on trades last Friday will pay for some pretty good bonuses this year, I expect. The result of the referendum was obvious: speculators had placed such big bets that there was a vested interest in the result.

When a jockey jumps off a horse, or a goalkeeper throws a game, are we surprised? An entire baseball team fixed the world series, for fucks sake. It's basic economics: people respond to financial incentives.

If you want to know what's going to happen, just follow the money.

Vast sums of money flooded out of Kuwait before Saddam's invasion. Loose lips sink ships, but loose lips also make the whole capitalist system go round. How do you think hedge funds know what to bet on? They've got a fucktonne of bent lawyers, who tell them what's happening with every merger & acquisition... that's how!

You can somewhat regulate share dealing: it's obvious when somebody has bought or sold a big stake in a company. But with spread betting, derivatives and FX, there's no record of who was clearly 'insider dealing'.

Opinion polls and equity markets mean jack squat. If you want to know what's going to happen in the global markets, have a look at which way the betting is going.

When it comes to bookmaking, the favourite is the one that's likely to win, right? Well, err, not exactly. A bookmaker's job is to price things according to sentiment not probability. If you want to sell anything, it has to be at an attractive price to your buyer.

So, when we came close to the referendum, there were very generous odds on backing Brexit. What does that say to me and George Soros? We're both speculators. Neither of us hold a position. We've got a big purse of money, and we're going to back a particular outcome, and the bookmakers have baited their hook, looking for a buyer with deep pockets.

In a year where the 5,000 to 1 shot, Leicester, win the Premier League, surely people could see that the generous odds were pointing to something? In a 1 in 20 horse race, odds of 1 in 5,000 are generous. In a 2 horse race, the odds that we would remain in the EU peaked at 86%. Don't you feel just a little dumb, if you think that everybody is playing fair? There's so much money at stake, why would they?

Why do the rich keep getting richer, and the poor keep getting poorer?

Well... the game is rigged you stupid c**ts. From sharp-elbowed parents getting their kids the best places in school, to executives making sure they get a big pay-rise and bonus while holding down the wage inflation of their underlings. This isn't some illuminati conspiracy-theory bullshit. The hard data is right there in front of your eyes.

So, tomorrow, your pension fund gets trimmed still further and your currency takes another hammering. More wealth leaves your pocket and enters the pockets of the guys who know what's going to happen next before it's even happened, because money talks.

I also fear that there is going to be some terrible event soon, because of the forces of hell that have been unleashed by this jingoistic rhetoric, hateful language and right-wing empowerment. I have this feeling of dread that a mosque is going to be desecrated, or another person like Omar Mateen or Thomas Mair is going to commit an atrocity. The tinderbox of hatred has been set alight by those who seek to profit from instability and volatility.

Anybody who thinks that bankers are suffering from the Brexit vote is an idiot. The markets love volatility, and trading floors are making a killing.

Tomorrow is business as usual in the City and with the hedge funds, and the idiotic British public have played into the hands of speculators like George Soros spectacularly, yet again.

Tags: #banking #capitalism #london #europe #politics

This is a story about body shopping...

What's the difference between a temp, a freelancer, a self-employed person, a contractor and a consultant? What's the difference between an employee and an entrepreneur?

Last year I was working for HSBC, along with a bunch of nice folks from several different consultancies, plus a handful of permanent members of staff. The teamwork was brilliant, but the surprising thing was that we all had different agendas.

Given that I had gone back to HSBC as a contractor, having been a permanent member of staff there for over 4 years, it was somewhat of a mindset change. I was also homeless and still very much in the vice-like grip of drug addiction, which wasn't a good start.

I was exhausted, and I had somewhat induced within myself, some fairly major symptoms of mental illness, which caused me to make some rather outlandish interpretations of the reality I experienced.

Imagine being plucked from the park, where you are living and contemplating bankruptcy and the coffin nail that will drive into your career, your business. Imagine facing up to the reality that everything you're qualified and experienced to do, since you started IT contracting at age 20, is now going to go down the shitter, and you're homeless, abandoned by the state - the council have sent you a one-line email saying that you're not even worth a hostel bed to them.

Then, imagine that almost overnight, you're working on the number one project for the biggest bank in Europe. You're so exhausted that you are sleeping in the toilet. Everything seems surreal, from the moment you put on your suit in the morning in a hostel dormitory paid for with a credit card you can't afford to pay off, to the moment you turn up in the headquarters of a prestigious Tier 1 bank that you used to work for, when you were clean, sober, young, happy, ambitious, energetic, enthusiastic and respected.

The challenge was to get through 60 days of working, without running out of credit completely. I had to get to work every day and pay for my hostel bed, for a whole month before I could submit my first invoice, which would be paid 30 days later. Obviously, it also looks rather unusual to your colleagues if you can't afford to eat lunch or socialise. The pressure was immense.

What does a poker player do, if they have a weak hand? They bluff, obviously.

To compensate for my fear, and the odds that were stacked against me, I turned the dial up to 11. I tried hard. Far, far too hard. I told the team that I'd take responsibility for a critical piece of work, and deliver it in a short space of time, along with an extremely capable colleague, who actually knew that it was a monster piece of work.

I should have been laughed out of the door. I can't believe that nobody particularly picked up on the fact that I was shooting from the hip, out of a combination of fear, exhaustion, drug withdrawal, mental illness and a touch of arrogance.

How on earth was my ego not going to be stoked? I had just cheated death, bankruptcy, destitution, and now I had the CIO of the number one project in the biggest bank in Europe surprising me, by naming me in person, as the team member responsible for one of the pivotal pieces of the program, in front of the entire town hall. I looked around - "is he talking about me?" - yes, it appeared he was. How surreal.

As a drug addicted homeless person, you're kind of invisible. People would like it if you just crawled into some dark hole and died, quietly. You're nobody's problem but your own, and everybody pretends not to notice you, as you drag your bags through the street, swatting at invisible flies and talking to yourself incomprehensibly.

Suddenly, people not only seem to value you, listen to you, but also look to you for some kind of professional guidance, leadership. Is this the state that important IT projects have reached, where the hobo junkie is the one calling the shots? I realise that I wasn't actually calling the shots, but that's what it feels like when you've been scraped up from the pavement, stuffed into a suit and now you're working in a fancy office full of glass, steel and granite.

It embarrasses me, but also pleases me that I'm still on good terms with a few respected colleagues, and they can tease me about "the time when you said you were going to deliver X by Y". However, not everything I said was worthless tosh.

This is where the difference in mindsets comes in.

As a permanent member of staff, your best shot of getting pay rises and promotions is to raise your profile. Given an hour to do some work, you might as well spend 50 minutes writing an email about what a brilliant person you are and how clever you are, and 10 minutes actually doing some work, rather than the other way around. People who just knuckle down and get on with the work they're supposed to be doing, tend to be overlooked when it comes to the end of year review.

As a contractor, you're all about contract renewals. When your contract is coming up towards its end, you're on best behaviour. You try to shine and make yourself a key-man dependency, so that you can demand a big rate increase, because you're indispensable. Personally though, I hate making myself a key-man dependency. It's unprofessional, however you are economically incentivised to do it, so many contractors dig themselves into little fiefdoms.

As a consultant however, you have the worst of both worlds. You have to kiss the arse of both the client and your consultancy. There's a huge conflict of interests. The consultancy want you to stay on your placement, and for as many headcount as possible to be working with you on the client project, if you're working time & materials. What exactly is consulting about being a disguised employee? Where is the value-add from the consultancy, when the client wants you to be embedded in their organisation, like a permanent member of staff?

The reasons for using consultancy staff, contractors, temps, freelancers, is that you can get rid of them when the project is done. However, the other reason is that you don't have all the headache of having to performance manage underperforming and difficult staff members out of your organisation. In theory, it's a lot easier to hire & fire... with the firing being the desirable bit.

It used to be the case that you could get a job as an IT contractor with just a 20 minute phone interview and start the next day. If you were shit, you'd just be terminated on the spot. Never happened to me, but that was the deal you struck... you'd be on immediate notice for the first week. Then you'd be on a week's notice. Then you'd be on 4 weeks notice, just like a permie. However, I always used to get my contract renewed, because I know how to play the game, kiss ass and keep my lip buttoned at the right time.

So, what happened? Well, stress, money, recovery from addiction, relapse, housing stresses and everything in-between conspired in my private life to mean that I was living life by the seat of my pants. I was running for my life.

After only a week in the new job, I decided that it was an impossible mountain to climb, and that there was no way that I could live in a large hostel dormitory and work on a stressful project, plus get myself clean from drugs, plus dig myself out of near-certain bankruptcy. There were just too many problems to face, working full-time in a crisply laundered shirt and a nice suit, while hiding the crippling problems in my private life.

You can't just go to your boss and say "I'm sorry I didn't mention this before, but I'm a homeless recovering drug addict, who suffers mental health problems at times of extreme stress and exhaustion, and I'm practically bankrupt as well as barely able to keep myself clean, sane, out of hospital and off the streets". Contracting doesn't work like that. Your personal life is nobody's problem but your own... you've signed that deal with the devil. You get paid more, but you're also expected to not get sick and not bring your personal problems with you to the office.

I disappeared on my second week in the job, getting mixed up with the police, thrown out of the hostel where I was living, and ending up in hospital, as the pressure was simply too much to bear, I thought that my lifeline was pretty much spent. The odds of being able to get off the streets were too slim anyway. It couldn't be done. I gave up, and relapsed.

Do you think you can just pick up the phone and say "errr, yeah, I need two weeks off to sleep, an advance of several thousand pounds, and I'd like to come back to work part-time for a little while until I'm up to full strength, because I've been dragging bags all over London, living in parks and on heathland, in and out of hospitals, rehabs and crisis houses, addicted to some deadly shit and battling mental health problems. It seems silly that I didn't mention this at the interview, as I'm sure you would have been just fine with giving me an opportunity to get myself off the street and back into the land of the living"?

You know what though? I did get a second chance. There's no denying that certain allowances were made for me. A blind eye was turned to the fact that I was basically either shouting at people or nodding off in meetings for the first week. I went AWOL twice. Once for a whole week where I basically decided that everything was f**ked and there was no way I could ever make things work, and once for nearly a whole day, when I was swept up in the euphoria of working with nice people and got paralytically drunk with my colleagues and couldn't face telling my boss that I was sick again.

Through my divorce, I lost heaps of friends who were shared with me and the ex. I decided to move back to London, because I knew I could find lots of work. However most of my London friends had moved out of town, in order to start a family. Also, you don't make many friends when you're living in a park sniffing supercrack, and getting hospitalised for 14 weeks a year. I can tell you more about the private life of a friendly police officer that I know, than I can tell you about some other acquaintances from that turbulent period.

Anyway, I was desperately trying to cement things - get my own flat, get some money in the bank, get into a working pattern that was sustainable - but it was too much to ask. 'Friends' sensed that I was recovering, and decided to come asking for favours : lend me some money, let me live with you, give me a job etc. etc.

When you're desperately lonely, because you've split up with the two loves of your life - your wife, and supercrack - you're vulnerable to wanting to people-please. I risked my reputation, when I got a so-called friend an interview, because he pressured me. I overstretched myself, renting a flat that swallowed up all my money, which was my safety net. I didn't even pick my flat... my friend did, and he thought he was going to get to live there rent free. I put up with a lot of shit, because I was desperate for friends, for acceptance, to be liked.

If you think all this can be boiled down to a 'drug problem' you're wrong. In order for a person to feel whole, they need friends, they need a job, they need a place to live, they need to feel that they're living independently : paying the rent, earning their money, able to pay for the essentials of life, and not always just hustling, on the run.

There are quite a lot of pieces to the puzzle that is a complete life that's worth living. Do you really think I just want to be kept alive, in a straightjacket in a padded cell. Is it unreasonable to want to work, to want to feel like I'm making a contribution, to want to feel like I'm liked, loved, to want to feel like I exist, and that I'm valued somewhere, by somebody?

I loved the instant social connection I had with the "winners" who were a group of fellow consultants at HSBC. There was good camaraderie, and they were young and enthusiastic, not bitter and jaded like me. Their enthusiasm for their job and inclusive social circle was exactly what I needed, along with cold, hard cash, and a place to go every day that wasn't a bush in a park, with a wrap of supercrack.

Somewhat unwittingly - although I don't know how much people were able to guess or find out behind my back - the Winners bootstrapped my life. Even though there were the usual commercial rules of the game, about being a disposable contractor who's supposed to keep their mouth shut and not rock the boat, there was still bucketloads of humanity there. People were kind to me. They invited me into their lives, and in doing so, they saved mine.

When a colleague texted me while I was in California, to say that we had to go back to work doing the shittiest possible work for a scrum manager we didn't have a whole heap of respect for, it was pretty clear that it wasn't sustainable. I busted my balls to get cleaned up, off the streets, into a flat of my own and to restabilise my finances. However, I've never been the best at buttoning my lip and allowing myself to be 'managed' by somebody I have barely concealed contempt for.

I knew that all I had to do to get my contract terminated was to send one or two fairly outspoken emails to the project's management team who were insecure and relatively incompetent. They'd actually started to listen and change things though, so there was no purpose to the emails I sent, other than to try and elicit an email saying "don't bother coming back to work" so that I could spend some more time with my friends in San Francisco.

The pressure of having to try and cement the gains that I had made, while still carrying some of the burdens that had been accumulated, was too much. I was in no position to be the responsible guy, picking up the phone every time things went wrong and having to mop up messes. I was in no position to be paying 100% of my rent, with a lazy flatmate who shared none of the risk and none of the financial burden or responsibility for making sure the bills got paid and the household ran smoothly. I was in no position to face months and months more, working at the kind of breakneck pace that was inevitable on a project that I had been forced to take out of desperation.

I had done far too many 12 or 14 hour days. I was on email around the clock. I never switched off. I had driven myself insane, pressurising myself to fix all the broken things in my life, and shore up the gains that I had made. Insecurity and fear had given way to delusions of grandeur. I wanted to do everything, for everybody, immediately. I was very, very sick, because of the enormity of the task of not only the project, but the problems I was overcoming in my personal life. A breakdown was inevitable.

Managing things elegantly was unlikely to happen. I dropped hints about needing a holiday, but I needed to be firm, to assert myself. People expected me to manage my own personal needs, but what they didn't realise was that my needs were conflicted: I needed a financial safety cushion just as much as I needed some time off. When the offer of overtime was wafted under my nose, and the management team wouldn't stop phoning me up at weekends, they didn't have to twist my arm very hard to get me to work Saturdays, Sundays, nights. I needed the money, and I needed to feel like I was important and valued again, having only just escaped being an invisible homeless bum, tossed out of civilised society, never to return.

My experience as an IT contractor, my seniority as somebody who's run large teams, as a Development Manager, an IT Director, a CEO... I'm no fool. I knew that I was working at an unsustainable pace, making myself sick, but what choice did I have? I had so much to fix, and money and hard work can fix most problems. I knew that I needed a holiday, but I was vulnerable to being pressured into doing things that I would never do, under normal circumstances, due to the fragility of my situation.

My colleagues were kind enough to drop hints, and to tell me the tricks that they were employing to avoid management pressures and the general panic that was endemic on the project. They could see I was tired, and going slightly mad. They were worried, and it was kind of them to think of me, on a personal level. However, they didn't really know just how bad things were in my private life. They didn't know just what a journey I had been on. They didn't know what I was running away from.

When I snapped, I didn't know where to run for safety. I thought the safest place would be hospital. I was desperate. I could easily have run for drugged-up oblivion again, even though I was 5 months clean at that point, and one month sober. I could easily have run for the kitchen knife, and slit my wrists in the bath. I was desperate. So close to recovery, and yet so far.

I needed to chuck my freeloader flatmate out of my apartment. I needed to quit my contract and get something easier. I needed to not have the expectation, the weight of responsibility I had unnecessarily brought upon myself, in my desperate insecurity and desire to feel wanted, needed, useful, important, after my entire sense of self had been smashed to a pulp by the dehumanising experience of destitution.

Hospital was a safe place to do it.

Then, unable to grasp the nettle of what needed to be done, which could have been as simple as saying "I need another two weeks off work, to go on holiday, because I'm fucked", I decided to just run away. I booked a flight to San Francisco, leaving myself just a few hours to pack my bags and get to the airport. What was my plan? I had no idea. Even suicide seemed preferable to continuing to live with such crushing pressure, fear and hopeless odds stacked against me.

After a few days amongst friends, I decided that I wanted my contract terminated, immediately. I fired off a provocative email to the CIO. Jackpot! The guy who was responsible for us consultants emails me to say that he wants to see me... in Wimbledon, miles away from HSBC headquarters. I mail back to ask why, but he deftly avoids telling me my contract is terminated via email, despite me pressing him on the matter. Does nobody get the hint?

I come back to London, pissed off that nobody has had the guts to actually call me out to my face, or even by email, and that I've not been able to extend my stay in California. Out of spite, I decide to embarrass the consultancy and the management team, by going into HSBC HQ, blagging my way in even though my security pass has already been deactivated. I march up to the program director and ask him if he's happy with my work, is there a problem? In front of the whole team, he says he's happy with my work and there's no problem, he's pleased to have me back at work.

I milk a few hello-goodbyes with colleagues who I like and respect, while watching the people who want me gone squirm with discomfort. I'm loving every second of watching who's got integrity, humanity, and who's decided that I'm no longer flavour of the month. It's a masterclass in office politics, even though we're all contractors, all consultants. I'm committing every exquisite detail of my final minutes in the office to memory, as I deliberately waste time having my breakfast, before making my way to Wimbledon to wind up the poor messenger whose job it is to try and help the consultancy and the management team save face, by terminating my contract.

By this time, my access to email has been revoked, even though a colleague who accompanies me out of the building, pretends like everything is normal and like we're just having a friendly chat - as opposed to being escorted off the premises by a security guard. I know. Do they know I know? Surely they must.

Unable to send a goodbye email, I ask a colleague who is also called Nick Grant, but who works in Leeds, to send an email on my behalf to a mailing group that contains everybody on the project. It's naughty as hell, but I'm enjoying twisting the knife. What is it that I've really done wrong, other than getting sick and having to go to hospital? What is it that I said, other than what needed to be said, the truth? But I know the game. I know that nobody wants a loose cannon. Nobody wants anybody rocking the boat. I didn't play by the rules. Does anybody realise that this is my way of quitting with immediate effect, and without having to work my notice period?

It might seem like sour grapes. I needed that job. I liked my colleagues. I loved that social scene. That contract saved my life.

However, how do you reconcile your social life, your personal difficulties, your needs, with the role you've been forced into?

What's the difference between a contractor and a consultant? A contractor knows they're a mercenary. They're there to earn as much cash as quickly as they possibly can, and they accept that they can be terminated at the drop of a hat. A consultant just doesn't realise they're getting a bum deal. There's no such thing as an IT consultant. It's just a made-up thing now that software houses and long-term IT contractors have fallen out of favour, with the dreadful rise and rise of outsourcing and this stupid idea that software is ever going to be cheap and easy.

So, to the Winners. Thank you for saving my life. Thank you for putting up with my rocky start, my dreadful ego, my shouting. Thank you for putting up with my arrogance, and for laughing at my over-ambitious ideas. Thank you for trying to keep me humble, and remind me of the rules of the game. Thank you for taking me into your lovely social world. Thank you for the emotional support. Thank you for treating me like a human being, not a software robot. Thank you for dealing with the fallout that I inevitably caused, when implosion happened. Thank you for not hating me, as I wandered into the territory of delusions of grandeur and heroics, and self-important jumped-up craziness.

You might not realise this, but you saw a rather twisted, weird, screwed up version of me, as I clawed my way up a cliff face of recovery, from the bankrupt, homeless, junkie, friendless, single, lonely, unhappy, insane husk of a man that I was, in mid-June last year.

It's been quite a year. God knows what happened with the Customer Due Diligence project, but I'm glad the due diligence on me didn't work, because the Winners and HSBC ended up unwittingly saving my life and getting me back on my feet. I don't think I would have ever had that opportunity if my dark private life was known in advance.

I'm sorry if it feels like I used you. Hopefully, it feels like a good thing happened. Hopefully you feel happy to have played a role in bringing a person back from the brink, even if I was a sneaky bastard, and somewhat underhand about the whole thing, as well as going a bit bonkers at times.

Silver linings, eh?

The photos I've put up include some rather unflattering images of a rather battered and bruised body, that just about hung together with sticky tape to somehow carry me through some brutal times. My private life wasn't exactly 'healthy' leading up to last June.

Tags: #career #banking #hsbc #computing #london #suicide #addiction #homeless

This is a story about being price insensitive...

There is a desperation, a lack of ideas, a disillusionment with politics, the status quo, the instruments of government and civilised society, when people vote to bite the hand that feeds them.

However, we can't ignore the obvious message: people are pissed off.

Voting to leave the EU is clearly an own goal, an act of spite, made out of petulant frustration, a temper tantrum because people are not getting their own way. However, isn't the country supposed to be run for the benefit of the majority of the population? Doesn't this act of madness seem predictable, when clearly the powers that are supposed to represent the common person, actually represent the moneyed elite?

With no ability to vote a party into power who represent your interests, and with no ability to be able to influence policymaking to actually improve your day-to-day life, why wouldn't you seek to exercise whatever control you can, to express your distress, your unhappiness, your frustration?

We ask people to work longer hours, accept pay cuts in real terms, have less job security, no pension, no chance of buying their own home, no chance for their kids to go to University or better themselves... no hope. And for what? So that there can be another quarter of profit increase, just as the City analysts expect? So that some number on a spreadsheet can continue to grow... no matter how arbitrary.

80% of our economy is in the service sector, but over 60% of people are unhappy in their jobs, even though the working conditions look fantastic, compared with manual labour in a polluted industrial town, with its brick terraces caked in soot. Why on earth would people hanker after an era when we died younger, due to hard, physical work?

Well, those who run the economic engine of the country have completely misread the mood of the public. Highly remunerated professionals in London think nothing of spunking £6 for a pint of strong European beer and £30 going to a 'secret' cinema screening, where there's some gimmick like sitting in a hot tub on a rooftop.

There is a huge insular community of well-spoken, privately educated, fresh-faced young people, working in law, accountancy, management consultancy, finance, insurance, politics. These people are the entourage for a group of portly ruddy-faced men, who live in large houses in the London commuter belt. Between them, the lives of every single citizen of the United Kingdom are ruled, except they're completely clueless as to how ordinary people live.

Economists talk about how price insensitive people are. I literally don't care whether my coffee is £2.50 or £4.90. I just tap my contactless payment card, and walk out of the cafe with my hipster flat white. I literally don't care whether my lunch costs £5 or £10. I just go to whichever vendor I fancy on a particular day. I literally don't care that it costs more to travel on the Underground than on the bus. I just tap my card on the ticket barrier, and don't even look at my balance.

Everybody who decides how your daily life is improved, or worsened, is more concerned about where they're going skiing this year with their other young professional chums, than whether somebody on some shitty council estate can afford a box of fags.

Yes, Londoners think of themselves as cultured, urbane, sophisticated. Sadly, they also think they're somewhat in touch with the working classes, because they rub shoulders with people from all walks of life, as they travel into the city to clean toilets and wait tables. However, sharing the same streets does not equate to co-existence.

I used to live on a street in Islington, where the grand Georgian houses were worth many millions on pounds. One street away, there was a lot of social housing. You'd think that this is an example of an integrated society, but you'd be amazed at how people living in such close quarters are so successfully able to avoid each other.

While I used to dine in the restaurants of Upper Street, mixing with other City Boys, my fellow residents would head the other way, towards Hackney, where there were cheaper places to buy food, and the kinds of places I would never dream of entering: betting shops, pawnshops, low-quality takeaways.

Today is the starkest warning of where our society is headed: a two-tier system, where the 'haves' are living in a different world from the 'have nots'.

While those who wish to divide and rule have cleverly manipulated people's fears for political ends, this ignores the fact that the wealthy are busy stuffing the mattress with the working class' hard-earned cash.

When people realise they've been conned, there's going to be hell to pay.

Tags: #politics #europe #london #banking

This is a story about working class heroes...

What could be more symbolic of the ordinary working Englishman, than the white van driver? What embodies the British working class more than a beer-gutted builder, wolf whistling at a pretty girl in the street, from the vantage point of their scaffolding? What could be more patriotic than the colours of the St George's flag, and a rioting football hooligan, swilling lager while chanting racial abuse?

Oneupmanship is rife, even when people are talking about reverse snobbery. People say to me "everybody's got to work" as if they're some kind of class hero, some kind of fucking Victorian chimney sweep. They see themselves as hardworking, and everybody else as angst-filled spoiled brats.

But, this is stupidity, plain and simple.

The fact of the matter is, people don't have to work. There is enough wealth, that if it was all shared out, we'd have over $200,000 each, so a family of 2 adults and 3 kids would have a million dollars. That's enough to live for 548 years, in the developing world.

In actual fact, we have been programmed - brainwashed - to believe that what we do is productive and useful and necessary. Somehow, the world's going to come to an end without those sales forecasts. Somehow, everybody's going to die if you don't fill in your timesheet. Somehow, all the crops are going to fail if you don't sell any insurance policies today.

I was watching a documentary about legal highs last night, and the film-maker asked a guy who was manufacturing and selling legal drugs how he could live with himself, knowing that he was fuelling people's addictions: "everyone's gotta work" he said.

I worked for a weapons manufacturer, as my first job after college. If you don't think to yourself "what is the negative impact on the world of what I do?" then you're a fucking idiot. You can't hide behind "everyone's got to work".

"I was just following orders" is the equivalent of "everyone's got to work". Being a guard in a concentration camp, or an officer of an army committing a genocide... those things are jobs, and everyone's got to work, apparently. It's pathetic. You can't hide behind a justification like that.

Anyone who says I'm lazy is going to get a boot up their fucking arse. I've founded multiple businesses and worked 100+ hour weeks, in a non-stop career that hasn't included any breaks, any gap years, any sitting around reading fucking books. I've been in full-time education and employment since I was out of fucking nappies. Fuck off. Fuck all the way off.

What I'm talking about is conscientious objection. Yes, we normally associate that with people who refuse to do a government's killing for them. However, the way that wars are waged nowadays is not with boots on the ground, but in boardrooms, stock markets and with foreign currency trades.

There's an arms race, where multinational corporations have enslaved the world. If I have an economic monopoly, because I have used my stock price in order to acquire all my competitors, I obviously control the labour market as well the ability to manipulate prices.

I can buy a pair of jeans from Primark for £7. How is that possible? Somebody still has to pick the cotton. Somebody still has to operate the sewing machine. We haven't entered a robotic futuristic world yet.

Here's a picture of the very moment that I broke down, and became so depressed that I could no longer work. This is the West's lie, their fantasy, their trick. This is a robotic distribution centre, where goods are distributed to stores, for your consumption. This is what we believe is the reality of progress, and innovation.

However, somebody still has to pick the cotton. It might feel like we're arrived in a futuristic utopia, but the reality is that simply the shitty jobs have mostly been offshored. When I decided I wanted to be an electrician, it's because somebody in a callcentre in India can't clamber down the phone line and come and fix your lights.

The lack of a tangible reality, in almost everything I did as a software engineer, really started to fuck me up. Where's the physical proof that something I did was useful to humanity? In actual fact, I had proof of quite the opposite, having been right at the very heart of the credit crunch during 2007/2008.

Turning on each other and saying crap like "get a job" and "everybody's gotta work" is such utter bullshit. People who have become depressed and can't work have got it right. Propping up a system that enslaves most of humanity is total horseshit. You damn well should be depressed about your crappy job that ignores the blatant crime of economic imperialism. It is unconscionable.

We are now living in such a highly-leveraged society, that nobody can take their foot off the gas pedal. People have skin in the game - kids - so they think they have to keep servicing their debts, paying their rent/mortgage, working their crappy job. People mistakenly believe that work will set them free. Work will not set you free - you toil for your own demise.

The worship of corporate profits means that people must work longer hours for less money, in real terms. Wage inflation is rock bottom, and that means that your wealth is inflated away. The cost of goods, services, housing, food... all these things have massively increased, but average wages have barely budged.

The brainwashed massses are now fighting with one another. Instead of being pleased that your co-worker got that promotion, we think "it should have been me". We think "I could do what they do" and secretly hope that our peers are just as downtrodden as us, just as hard-up. There is jealousy, resentment.

The crabs in the bucket are pulling each other back down into their prison, whenever one of them is close to escape. The working public are crawling all over each other, in a seething mass of claws and excrement at the bottom of a plastic bucket, just waiting for the day that they're tossed into a pan of boiling water.

The government encourages us to report benefit cheats and other victimless crime. We are taught to bully and abuse people who don't work. We are brainwashed into thinking we're some kind of fucking hero, for working a shit job that does nothing except perpetuate human misery and further compound global problems.

Have a kid, get a dog. Try to pretend you're really important. Well done. Gold star. You worked your job, without giving a shit about what it really fucking means.

This is the reality of how your cotton pickers and callcentre staff get to work. This is the future. This is what you don't see, as a consequence of "everyone needs to work" and feeling smug about what a hard little worker you are.

Tags: #career #banking #capitalism #politics

This is a story about jobs for the boys...

Do you feel like you earn your salary? What is it that makes you think you're worth your wages? How do you value your contribution?

If you work a physical job, you're likely to feel pretty exhausted at the end of the day. Maybe your feet hurt, your back, your muscles. Perhaps you judge your working day based on how much energy you've expended. Perhaps your job involves standing up, walking around, even running around. Perhaps your job involves lifting, stacking, moving, shifting. Can your value therefore be considered a function of how many things you physically move? For example: boxes of stuff from the storeroom, products on shelves, patients from beds, or children from perilous situations.

Maybe you work an academic job, or something you have to be highly qualified for. Perhaps you judge your working day based on how hard you worked in the past. You maybe had to really concentrate at school and do all your homework. Perhaps you had to go to University and at least turn up for some of the lectures. You're probably pretty pleased with yourself that you beat the competition to those limited places, and got the necessary grades. Can your value be considered a function of how stressful your exams were, and how hard it was to write your disseration, your thesis?

Maybe you work a high pressure job, something you really have to concentrate on. Perhaps you have no time to judge your day, because you're just so busy that you don't have time to think about it. You maybe have to take sales calls all day long to meet your targets. You're always talking to people. Or maybe you have to watch a computer screen all day, like a stock-market trader or an air-traffic controller. Can your value be considered a function of your ability to concentrate, and keep busy with the task in hand for the whole working day?

Maybe you work a caring job, or something that delivers service directly to people. Perhaps you judge your working day based on how many people you deliver satisfactory outcomes for. Perhaps you have had to work on a caring bedside manner. Perhaps you have had to develop diplomatic skills for dealing with people. Can your value be considered to be a function of how many smiles you get each day, how many thank yous?

Maybe you work a repetitive job, or something that requires very little problem solving. Perhaps you have plenty of time to think and it's quite clear what needs to be done, but there are only a limited number of hours in the day. Perhaps you enter data in spreadsheets. Perhaps you type the answers that are written down on forms. Perhaps you work on a factory production line. Perhaps you deliver widgets. Can your value be considered a function of how many of these repetitive functions you can perform in a fixed period of time? Do you take pride in the tiny efficiency gains you can make in a job that has been easily mastered?

Maybe your job is to educate, inform, inspire, entertain. Your job is to titillate the attentions of other people. Your job is to spoon feed culture to the masses. Perhaps you had wide-eyed ambitions about bringing song and dance to the people. Perhaps you thought you were going to be a war journalist. Perhaps you thought you were going to set the minds of young people alight. Can your value be considered a function of your reach, your influence? Do you know how many followers you have? How many viewers? How many readers? How many listeners?

But what happens when your purpose is cloudy, unclear? What happens when you can't see what difference you're making, either to other people or to yourself?

Why do you do what you do? Is it possible to work a job, just because it puts food on the table and shoes on the children? Is it possible to work a job just because?

Everybody needs to work, right? But what if your job is makework? What if your job is made up, just to justify the salary of your manager, who has to have a certain headcount in order to get their promotion? What if your whole industry can't justify its existence? What if everything that your company does, and companies like it, is completely superfluous to human existence?

What do we need? Food, water, shelter, warmth, social bonds. Where does insurance fit in that world? Where does a law firm fit? Where does a bank fit? Where do technology companies fit?

If you woke up tomorrow, and your company didn't exist, and neither did any of its competitors, would the human race keel over and die? If you work for an agricultural business, then quite possibly. We need grains, we need vegetables. If you work for an accountancy firm, I think we'll all be just fine.

I've got nothing against the people who work in the service sector per se but should we value those industries more than, say, fishing, farming, building & caring?

Do you think I give a shit about the protection of intellectual property rights of a wealthy corporation? Do you think that I respect the instruments of capitalism as an efficient means to do more with less?

Fundamentally, how many people are living miserably? We might point to increases in life expectancy as an indicator of progress, but what if those lives are filled with stress, anxiety, depression? What if those lives are miserable and isolated, unfulfilled, unhappy?

Official statistics say that more than 1 in 4 of us are battling mental health problems. In truth, the real number must be much higher, because there are so many people who have undiagnosed problems. We know from suicide rates and prescriptions of psychiatric medications - such as antidepressants and anti-anxiety drugs - that problems are growing at an alarming rate.

There's a direct correlation between my lack of job satisfaction, and my poor mental health. When I've been happy in my job, I've been overworked. When I've stopped to think about what I've been doing, I've realised that I've been building systems that perpetuate human misery.

It's said that for every 1% that unemployment increases, over 40,000 people will commit suicide. I built a system for JPMorgan that processed the equivalent of $163,000 for every man, woman and child on the planet, in Credit Default Swaps. You think that money is better off locked up in the banking system rather than being in people's pockets?

If I'm building banking systems that process $37 million a second, why the hell are people living in poverty? Why the hell has the National Health Service got to be left underfunded? Why the hell is science underfunded? Why the hell have I got to work a crappy job that I hate, in order to make thousands of people redundant?

Rational self-interest, and the philosophy of Ayn Rand has led us down a very dark path. It's actually in our rational self-interest to smash the systems that take us on a race to the bottom.

Perhaps it's time to throw our clogs into the loom?

You think that you want an A-list celebrity life, with all the trimmings and bling. However, collectively wanting this is leading us all down a path that makes humanity miserable, depressed, stressed, anxious, lonely and isolated.

Tags: #depression #mentalhealth #suicide #career #banking #capitalism

This is a story about covering your ass...

If I was to mention the name of the project I'm working on and the name of my client, I would be picked up by paranoid people doing web searches. It's already happened to one of my colleagues. Naturally, I don't want to draw attention to the ups and downs that I've documented here, as I need the contract more than anybody realises.

The sensible thing to do would maybe be to take this site down, for fear of losing my income. However, nobody really does the sensible thing in their adult life. It looks to me like adults do reckless stuff and then live in fear, trying to protect their selfish crappy little lives. It looks to me like nobody does the sensible thing.

The sensible thing to do is not to have kids, not to perpetuate the misery and suffering, not to prop up capitalism and ecological destruction, warfare. The sensible thing to do is not to legitimise imperial aggression, by demanding that politicians protect our way of life. The sensible thing to do is to say "enough" and put down your tools and go on strike, in protest over the collision course with disaster that we are all collectively taking.

I'm not sure how my views are going to change, as I start to get a little bit more comfortable. By the end of the week, the wolf won't be at the door anymore. I'm going to have a lot of pressure and stress hanging around for 6 months, at least, and it'll take another 6 months before I have some kind of safety cushion. The litmus test is what I do once I have some kind of warchest again.

When I wrote about HSBC and the Customer Due Diligence project, I hadn't dug myself out of the hole, but I had been completely exhausted by the demands that had been placed on me. I've been an IT professional for 20 years, so I know how projects go, and I know how to blend into the corporate background and not make waves. I know how to kiss ass, I know that people don't want loose cannons and they want an easy life. However, it was an important project and I had something to contribute. I also couldn't live with my conscience if I didn't act during another banking stitch-up, having been near to ground zero during the credit crunch.

Now I have an early contract termination and probably a lack of decent reference to explain away, as something that I worry about. I'm pleased that I acted with integrity and ethics, but it's definitely me that suffered most of all. I martyred myself for no benefit to anybody, probably.

Why make yourself a martyr? Why make life harder for yourself than it needs to be? Why rock the boat? Well, it's simple: somebody has to be first.

I was told to wind my neck in, keep a low profile, not stick my head above the parapet. Of course I knew it was good advice - on a personal level - but I knew exactly what I was doing. Somebody has to be brave. Somebody has to take a stand, and push back. Somebody's got to raise their voice.

I hate the collective madness. There's no safety in numbers, when your whole flock goes running off the edge of the cliff.

Tags: #career #banking #capitalism #hsbc