Feb 01

Apparently the latest Bank fraud practised by RBS and Lloyds the Govt run banks owned in our name to get hold of assets inflated by QE and ZIRP is the Enterprise Funding Guarantee scheme. You can read the specifics in The Times but essentially more subsidy to banks to impoverish and kill SMEs (small medium enterprises).

Now people will say that Govt’s hand in these banks is not policy but my only point would be if it is not policy to destroy small businessmen could they come up with policies to better ensure it? To cement large corporations and banks control over assets and people’s lives? If they tried could they do any better this side of a police state?

I do wonder if even the banks know how an economy can work with inflated land prices, zombie businesses, zero investment and no production? What is a cash mountain worth when no one can earn to pay for goods? At that point work houses and concentrated work camps for immigrants the only way to go?

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Oct 27

Nick Cohen today waded into Russell Brand’s glib nihilism as helping the Right. The mistake he made was to blame Brand for anything but being a rather populist guy with little knowledge. After all Brand did mention Climate Change. Cohen’s conceit is like the anti intellectual’s anti intellectual Paxman’s to Brand you must vote for the main parties. Otherwise you’re helping The Right. For glib nihilists inflaming I think he should look to Westminster.

Glib Nihilism Part Un

  • HS2 Mandelson blew the coop here and admitted we’d quite like a really prestigious railway like the French as the sole driver of this train. If you wanted to reduce transport misery you’d improve broadband and the buses and crucially commuter trains. Continue reading »

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Jun 14

An aide to the Czech PM used Military Intelligence to spy on his wife.

The NSA gives intelligence to compliant tech firms and targets hot beds of terrorism like German industry.

This stuff can never be abused clearly so I apologise to Barack Obama and Eric ‘Cup’ Holder for implying otherwise.

Talking of Traitors Senator Feinstein probably the person who most convinced me that in terms of who is President what happens in US Govt we’re choosing between salt pots, spokespeople and who gets the graft.

Specifically, for at least 15 years, Feinstein has appeared to support government contracts that push federal funds toward companies co-owned or governed by her powerful, billionaire husband, Richard C. Blum

The people calling others traitors generally speaking have done very well out of ‘public’ service.

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May 01

The state of Connecticut is apparently considering a 10 day moratorium on gold buyers. What next background checks? Spain is starting to consider fleecing foreign property owners with a wealth tax -> the UK will be right along soon after so don’t worry unless you have property in both countries.

The point is that all the debts will be paid for somehow if the rich and banks are to survive intact. The day that happens is likely to be closer if more and more ordinary citizens never mind Billionaire’s squirrel money into Metals and Bitcoin or equivalents to protect themselves from the likes of Osborne, Carney and Bernanke.

The attempt last week to end the Gold Bug-gery Bull run has just brought about a decimation of the Paper Gold market and the start of a separate physical Gold market it seems – people sold paper promises of Gold and people bought cheaper bullion! Seriously you have the absurdity of a shortage with a lower price! However as more metals shift to the East how can a bunch of crooks in New York and London control that? Then Govts have to look for things to take ala Cyprus. To take wealth off people to fund their debt. After Cyprus only nutters would put money in a bank so that leaves property and wealth in Gold and its ilk.

Anyway it seems Americans’ll soon find it easier to get a gun and make money through crime than buy Gold. I guess it’s a zero sum game even if you end up with wealth it will be stolen in a wealth tax in each country you have property or Gold etc.

Time to fight back?

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Apr 10

The news MPs are being paid to return early to attend Thatcher’s final ceremony is justly getting critiqued. That MPs are on a gravy train of expenses and directorships is not in question. A few were sacrificed to the plebs but as we saw with IDS and David Laws some fraud was not put in front of a jury.

Indeed their cases were not petty fraud either despite the suggestion Laws could have claimed more by being honest about his relationship. Although how much credence should one give a liar?

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Mar 24

With luck Cyprus will let its banks go to the wall and start again. Worst case would be to accept 30 years of stagnation as a German colony. There are of course 100s of shades between with 100s interpretations. In reality I prefer the former as it is what the Uk should do but has instead poured 100s of Bns into a banking sector to avoid collapse all to no avail. The banks in the Uk are still broke and a under capitalised and still intent on theft or mis-selling as it is euphemistically called. Stagnation is indefinite and decline inbuilt into the destructive cycle of devaluation.

Today I read about the scam whereby an aspiring politician’s wife Hilary Rodham-Clinton had a 1000 dollars turned into a 100,000 dollars with remarkable 1 in 31 trillion chance trading through a broker. The point being in 1978 someone found the time to rig a market for an aspiring politician’s wife probably one of hundreds on the way up – these people are bought and paid for before you’ve heard of them.

The Govt of the UK and President of the US is likely to only need 25% of people eligible to vote for them or their party. Thus to hold the debts of Banks against an entire populace whether it’s the hardest working people in Europe the Greeks or the Cypriots is asinine. It may make it easier to take as you ignore their plight and pretend they are to blame.  However given the media and power of large finance to blame people because a manipulated minority voted for a particular party is surely the product of irrationality? To blame them for the morals of a corrupt and corrupting banking sector that happens to be based in their country is beyond stupidity.

Do I feel that I and my fellow Britons are responsible for our banks and the poverty they have caused in the UK and world wide? No. Do I feel responsible because Brown, Balls, Osborne, Darling and the media are evil selfish corrupt cunts? No. As said yesterday those bastards have already skinned Uk worse than the Cypriots will be. Cyprus cannot devalue which causes a crisis but the cost in 10 years time will still be less than UK bank depositors have paid.

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Mar 12

Ed Conway@EdConwaySky Oh dear. BIG fall in manufacturing output in Jan: down by 1.5% month on month. Economists had expected 0%. IP down 1.2%. Nasty

Economists might be fooled but no one else is. When you favour the loss making financial industry over manufacturing what can you expect? When you favour asset prices and speculation over savers and investors what can you expect?

Of course the rich share of tax payments will rise and this will be used as proof of efficacy and more reasons to kick the poor into jobs that have not raised National Output. Indeed I would make the case to Osborne that as he claims to have raised employment but not output Public Sector Workers must be more productive. It’s as logical as giving money to the rich. In the US this spiral of stupidity has left 15% on food stamps and this is likely to grow with the rich likely to use it as a justification to a supine middle class that their taxes pay for others.

It’s just a death spiral or debt spiral where you weaken the real economy and then say the rest of the economy is dependent on the subsidised and criminal Financial Sector.

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Nov 04

First up one should not talk the economy down. However there is no evidence that Tory or Labour disbelieve their inane and delusional nonsense. Iain Duncan Smith thinks the UK will be fine outside of the EU. The Milibands are pimping a Living Wage which is classic New Labour using a worthy cause and source of worthy rhetoric without tackling the reasons why people don’t get a living wage – despite their being in power for 13 of the last 15 years. They all ignore the economic reality. That whilst it continues to subsidise the shadow banking industry that creates no wealth with 10s Bns each year the real economy will not grow and indeed the rest will shrivel and the parasite will have nothing to feed off either. At that point it won’t matter if we are in the EU or not.  Continue reading »

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Jun 30

Given its proclivity for whining I find the TU movement’s passive acceptance of Banker Kleptocracy baffling. Whilst bus drivers strike over £500 that is not in their contracts they probably lose that and more each year individually and as citizens to fill the ever growing debt void at the heart of Banks that are broke.  Continue reading »

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