Following the biggest financial meltdown in history over the last 2 years, the optimists are vociferously making themselves known and talking the economies of the world, up.
However, the United Kingdom is not doing as well as Germany (and France), apparently. The reason for this is that Germany’s profits have mainly come from manufacturing exports and their trading is done mainly in the Euro which makes their transactions and agreements easier. Also, in Europe they are not so het up about house ownership and thus didn’t have the collateral to increase the levels of personal debt that has been seen in Britain. This was the news this morning.
Meanwhile, UK house prices are sliding up again….
Q. So is it back to normal?
A. I think attitudes are back to normal.
White van man and the manic BMW & Audi drivers are hammering down the motorways again, so they can obviously afford it.
In the same news programme this morning it was stated that Britain’s recent prosperity is based on… the financial markets.
So Germany makes, while Britain gambles…
And as optimism returns, all the platitudes about financial controls are being quietly swept aside. Instead of controls, HM Gov is going to increase the tax on the gamblers!!! (see “Call for bank tax to curb bonuses” )
These are all clever people apparently, and they’ve all done their economics homework.
But they fail to correlate the fact that the gambling spiv country has done badly in the recession and that the prime reason for the recession was people acting like gambling spivs.
So while they’ve made “agreements” for tax-havens like Bermuda & Liechtenstein to behave better, Britain, in actual fact, has not altered it’s behaviour. It’s whole raison d’etre and source of wealth is gambling and spiv cons.
Britain is like a Las Vegas in the ocean. Only bigger.
This morning, PM Gordon Brown told Andrew Marr that he wants to ‘clean up’ parliament.
He wants a ‘code of conduct’ for MPs to follow. The thing is, there’s already a code of conduct – it’s called the law!
All we, ‘the people’ want, is to have reasonable laws and for people to follow them, equally.
Members of Parliament are special. They have special responsibilities. In a nutshell, they represent us in the speaking house, the parler-a-ment. This simple fact makes them special. Within the speaking house they are allowed to say quite derogatory things about each other which in the outside world could be libellous. But this is the nature of the game. This is the special status that exists in Parliament for our representatives so that they can speak without fear or hindrance.
This simple freedom seems to have been forgotten.
Now they must all watch what they say, toe the party line, think of the future and their reputations…… Big Brother watches everything.
Now they think that they need extra-special status and self-justifiably grab whatever beneifits and remunerations they ‘think’ they are due.
This is the show we have now stumbled upon; evading tax, feathered nests and the nepotic practices of a third rate African despot, that is.
From left to right of the ruling classes, they’re greedily identical. Depending on how much wealth they currently have, their aspirations to further wealth naturally vary – but the greed in their minds is the same.
The PM Gordon Brown has said he’s appalled and shocked by the revelations – despite being one of the ringleaders during the information-blocking process! Now, in a further devious twist, in the interview, he’s not-so-subtly trying to shift the focus away from MPs again!
He just can’t stop it, can he? He’s in total denial and his brain is in action debt! Fiddle, fiddle, fiddle. Hide, hide, hide.
So yet another ‘code of conduct’ is supposed to be the panacea! It’s just staggering ineptitude and a total denial of the events in recent financial history where our money systems, all obeying a ‘code of conduct’, all visibly folded. And he wants more of the same?
He says that he,
“…wants a clean-up of all public institutions – such as the NHS and the BBC”
This is the “smoke and mirrors” distraction, which could be all well and good, especially in the champagne-bottle-strewn corridors of the BBC. Unfortunately for Brown, these institutions are already ‘code of conduct’-ed to the gunwales!
We need a Code of Conduct Czar we’ve got so many! Call it OfCodeOfConduct! OfCon for short, with the emphasis on Con.
All changes since 1997 have been a Brown/Blair initiative. This means it’s their idea and their fault. He can’t pass the buck!
Like MPs expenses, the power for change is as directly in his hands now as it always has been, and it’s disingenuous to shift blame again. He’s Prime Minister for fuck’s sake! If he can’t do it, what’s he for?
In fact, it reveals the depths of psychotic deception to which our leader, Gordon Brown, will plummet in a vain quest to change Britain (to what?) before the axe falls on him. He’s frantically grasping at straws, trying to stay afloat in the maelstrom of his own creation and management.
This psychosis means that all his good works (and to be fair, there have been many);minimum wage, better family allowances, better health service, 12 week operation wait, new hospitals, better child care, rail electrification etc; they are all as nought.
They’ve been completely cancelled out by the institutionalised corrupt practices at all levels of society under his watch.
Most will inevitably be rolled back by some future government, disguised as part of a ‘wider process of reform’, as they’ll say.
And if this future government is a bunch of Nazis then we’re in big do-dos.
Because the bad things that Brown & Blair have started – e.g.
the police state
shoot to kill
war on terror
arrest and detention without trial for indefinite periods
lies to further a war
massive reliance on databases and their subsequent loss!
…many of these won’t be rolled back. It’s that chip-chip away at freedom. Eventually when it’s all gone, then there’ll be a realisation. And if we don’t fall into the Maelstrom, there’ll be a bloodbath in it’s place…
What Must be Done?
Sack people who are incompetent with minimum compensation. This means No Payment For Failure. Make sure that this applies to politicians and all hitherto cushioned leaders, business or otherwise. It’s what 99% of the population have to endure. Enforce this by passage of a “Corrupt Payments and Bonus Law”.
Pass a law to retrospectively get money off the corrupt and incompetant bankers. This is what we’d do in the fight against organised crime. It’s what we do against dole-scroungers who’ve abused the system. This is what we do against tax-evaders. It’s the same thing – Just do it!
No more Codes of Conduct. Make proper, morally clear, enforceable law.
An end to all priviledge. Equal treatment under the law and one law for everyone.
Use the army to get our money back from Tax Havens. Give them something useful to do instead of propping up heroin production in Afghanistan… It’s our money that’s been siphoned off – go and get it. We won’t need an ‘International Banking Code of Conduct’ for the future. I mean, what would little Cayman, Bermuda and Lichenstein really do if a troop from Norton Manor Camp pull up at the front door of the ****** Bank Of ***** and ask for all our money back? If the army can’t do that and protect the wealth of our nation, then retire them.
In a completely passive demonstration of non-government and how toothless our government’s words are, it’s now been shown that not only does former RBS gaffer, Fred Goodwin get a massive pension of ~£33k monthly take-home, but the pot from which it’s being taken is already £2 billion under-funded!!
The staggering gauze of deceit that’s been drifted across all our eyes for the last decade is now settling like the odious juices emanating from a rotting corpse.
Not content with bringing his company down by his gambling habit, Goodwin has emptied the pension pot to boot! Funnily enough, he omitted to mention any of this when he was recently questioned … And No. The bank he was boss of was not one of the world’s top five banks – it only seemed that way for a few years and was actually completely bankrupt because the continual fraudulent gambling activities at his instigation. And he doesn’t deserve any of his pay because of these actions. (e.g. profit one year, ~£20bn; profit next year, -£27bn and a reduction in assets of £325bn. If a chip shop was run like this it’s comparable to selling one portion and then losing the shop. Idiot!). He in fact deserves a big kick up the arse and chucking in the River Tyne with the tide going out. Certainly, a minimal pension is the most he should get as none of his actions from sacking staff (Fred the Shred indeed!) to bankrupting secure businesses are worthy of any recognition apart from sanction.
Royal(!) Mail & Government
In a similar process of subterfuge, the Royal Mail workers have been told that the only way to save the company (because it’s short of cash), is by ditching their pensions, flogging their cream business to leeches and flogging the rest of themselves off, making the “service” even less relevant and thus slowly to die …
The reasons for the Royal Mail money shortage are not rooted in today’s events. They are because of the actions, starting with the 90s Tory government, of having a “pensions holiday”. Because Royal Mail didn’t contribute for years at this time, the pot got smaller.
Q. So what happened to the “spare” money?
A. It was used to stoke up the general finances of the country because we were in a … ahem … recession, housing slump, deja vu …
Check out This Google Search for the term “pensions holiday”. There are >4600 results! This action is used (legally, but not morally) to allow companies to excuse themselves from their financial obligations.
Suggestions for H.M. Government:
DON’T ask Fred Goodwin for the money back. Take it! He has absolutely no right to it. If the company had collapsed as it should’ve done because of his gambling fits, he’d be entitled to a pension of ~£20k
STRIP Fred Goodwin of his knighthood. The honoured term does not apply to him. Dunce’s cap, more like.
Put the money owed to the Royal Mail Pension Fund back and then redo the calculations to see if it’s a profitable business.
Demand Royal Mail competitors charge fairly for a demonstrably comparable service to Royal Mail i.e. door-to-door, last mile, a proper network of easily accessible offices country-wide all within walking distance of 90% of the UK population. Then redo the sums as above…
Retrospectively apply all new charges and limitations to action for the financial institutions that have brought the country to it’s knees. Sanctions to be applied similarly. (e.g. Consider what the Chinese, our great business partners now, would do?)
Get anyone who was in charge during the recent meltdown and fraud debacle out. Make them sweep streets if necessary but in no way let them anywhere near a bank! (see Chinese comment above)
And now, MOST IMPORTANTLY, get all the stolen, fraudulent, sequestered, scammed money from offshore banking and put it into general circulation where it came from in the first place! As I’ve said previously, USE our military strength, VISIT Jersey, The Caymans, Bermuda, Lichtenstein, Luxembourg, Belize etc and GET OUR MONEY BACK!
If anyone complains – tough. Try and be a government for once. We don’t need toothless whitewashing inquiries. We don’t need words. We need action. They took it all from us – so take it back!
Don’t make Goodwin the only scapegoat. There are plenty more like him, all cosily keeping quiet until the storm blows over..
Finally, don’t expect us taxpayers, the public, to pick up the tab without a decent amount of heads on the chopping block. In the same way that Goodwin refuses to hand over his ill-gotten dosh, don’t expect me to pay for his pension and his failures. You can only push the public so far. Eventually, right will out, no matter how many weasely words and pledges for fairness are made. The people aren’t blind and they’re not as stupid as they sometimes appear. This week we’ve seen mutiny and deaths against unfairness and corruption in Pakistan. In 1979 the Shah of Iran was overthrown in a popular uprising. In 1789, the people had had enough in France. To think that in 2009 this society is in some way sacred and immune to internal strife is ignorant in the extreme.
In a curious parallel with the Great Depression when many millions lost their homes and money, I’m reminded about the phrase reputedly said by a USA bank robber of the time, and how it could equally well be applied to our current predicament….
When asked “Mr Sutton, why do you rob banks?”, he is supposed to have said;
…..because that’s where the money is.
More likely as a real attributed saying is this one, about his gun-toting while robbing banks;
You can’t rob a bank on charm and personality
Both quotes I’ll come to later…(SP)
Brown, Obama and the Western Dilemma about ‘Business as Usual’ (BAU)
The trouble with a return to the ‘BAU scenario is that all the old bad habits will return along with an even faster return to a fossil-carbon dominated society with all the climate problems in tow. Today on the Number 10 website, toothless PM Brown of the UK is re-iterating his mantra of the past few months;
Banks must start lending again – PM
Of course, we own the banks and in reality there’s absolutely nothing to stop them. The ideal solution out of the ‘lack of credit’ predicament has been passed over, unfortunately….
The best solution would have been to give every citizen of the UK, every man, woman and child, an equal share of the money that’s been used to bail out the corrupt and incompetent bankers.
Some people would have frittered it – just like the bankers! But those people would stimulate the economy with their spending. And the receivers of the cash all cash up, in banks!
Some would use it to pay off loans and mortgages – so the banks would get the money anyway and those people would have more to spend.
The parents of minors would have had to invest it in their name, in the banks… – so the banks get the money again, ready to lend to businesses etc.
As I say, the point has passed, but it would have been a win-win situation, unlike now where we still have to pay, both in loans and in higher future taxes. The only winners are the incompetent and crooked bankers and other money spivs.
Which brings me back to,
A Military Way out of The Credit Crunch
Because all of the missing money, the money that we’ve had to give to the banks to pay for their losses, it’s all had to have gone somewhere. Like the Zimbabwe ladies in the news today or the wealthy Nigerians of my wife’s experience; like crooked Stanford and Madoff, the money has gone offshore. To places like The Cayman’s, Lichtenstein, Luxembourg, Bermuda, Belize, Switzerland.
A much better, less bloodthirsty and legal use of our supposed military might in the West would be to retrieve all our stolen money (don’t forget the Enron billions, Lazards etc etc etc) and pay a nice visit to these offshore havens, packed to the gizzards with siphoned off tax and stolen drug money as well as the proceeds of the biggest frauds the world has ever seen. As Willie Sutton said;
You can’t rob a bank on charm and personality
If Regan could manage Grenada I’m sure Obama and Brown have a mandate to pay a visit to some or preferably all of the above. You know it makes sense and it’s the only sure way to inject some money into the system.
It’s certainly cheaper than alienating yet more Pakistanis pursuing the ghostly Taliban all over the world.
Of course, all the world’s leaders have probably got their stashes tied up in these places. Berlesconi comes to mind….. So I can’t see it happening although it’s an easy, do-able solution to the recent financial meltdown.
To re-quote Willie Sutton – why go and raid the Cayman Island banks and Lichtenstein etc?
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