Showing posts with label bankers. Show all posts
Showing posts with label bankers. Show all posts

Thursday, 8 May 2014

THE PETRIE DISH EFFECT


ANDY FLEMING details how we need to completely replace our current economic paradigm if we are to have a future on the Earth.

It’s so easy to be negative about the current global economic system. And of course there is every reason. Most readers will be aware that the economies of virtually all major developed nations including China are well, stuffed.

When it comes to a solution however, yesterday’s Labour Party European Election broadcast brought home our dilemma. In its theatre and comedy it was excellent, vividly portraying the economic abyss we have descended into as a nation. Character assassinations of Cameron and Clegg flowed freely, highlighting their promotion of the philosophies of greed, inequity, deceit, self-advancement and privilege.

There was of course no reference to Labour’s immense culpability in our economic plight. Neither was there one positive economic policy proposal of how the people’s party was going to fix things. Apart, that is, from the usual rhetoric of economically castrating the bankers, with whom until late 2008 they were so intimate.

They offered no practical policies because here’s the thing; there aren’t any. That’s because the whole current global economic paradigm based on greed, central banks, drugs, money laundering, the military industrial complex and war is quite simply not fit for the new millennium. Tinkering around at the edges with an economic system originating in the sixteenth century simply won’t work, and here’s my rational for saying this, based surprisingly not in politics but in science.

Wednesday, 26 March 2014

VOTE. BUT ONLY IF YOU WANT A POLITICIAN


byHARRY BLACKWOOD

More than ten years ago when I first started banging on about the not voting thing, virtually everyone thought I was bonkers.

Now, I'm in great company. Not only are millions of 'ordinary' people realising that we can't change the system unless we first smash the system, but people like Russell Brand are articulating perfectly what I've believed for ten years. Hell's teeth, even Jeremy Paxman has said he totally understands Brand's stance on not voting.

Sadly, there are people out there who just don't get it. They blabber on about voting being our democratic right and something that people fought in wars for, blah, blah, blah. Actually if they opened their eyes just a little, they'd see this "democracy" is a complete sham. Smoke and mirrors. Throwing a few crumbs to keep us plebs happy.

Well, I'm not happy. I'm absolutely seething.

Here's why.

* I don't want to live in a society where the weak, the vulnerable, the sick and the disadvantaged are picked on and picked off one by one. That is precisely what we have seen the Tories and their LibDem bitches do since they came to power. The sick. The disabled. Those with too many bedrooms. The long-term unemployed. All have been in the cross hairs of the nasty party and ace marksman Iain Duncan-Smith.

* I don't want to live in a country where young people are told they have to work in crap dead end jobs or they'll lose their few quid job seekers allowance. Or where bright young people work for three years at university to get a degree and then find they are £50,000 in debt and the only jobs available are part time supermarket positions. Or where people graft in Poundland for free to give them work experience. Imagine that: working in a shop where everything is worth a pound except you.

* I don't want to live in a country where obnoxious footballers are paid more in a week than a neuro surgeon or a heart consultant will earn in a year. We have nurses run ragged on £25,000 a year or less but Wayne Rooney and his mates are earning a million quid a month. From a moral, ethical and compassionate point of view there is simply no justification for this nonsense.

* I don't want to live in a country where corporations and wealthy individuals are allowed to find loopholes in tax laws to avoid billions in tax every year. Tax that would mean those poor bastards who are being made to suffer could actually have decent lives.

Thursday, 13 March 2014

EVERYBODY KNOWS THE DEAL IS ROTTEN . . .


It's Friday. It's financial. It's Friday Financial with JULIAN SAYER.

They're not bankers, they're gamblers and they are playing with a rigged deck of cards. Worse still they're playing with our money. Read on for the low down on how the banksters are fixing everything.


LOADED DICE IN THE WORLD CASINO!

As I have explained previously, banking and finance is at the very heart of this system we live in. It promotes economic growth and allows companies to conduct their business around the world, in a fair and honest way. Or so the story goes? Well that's alright then isn't it? But what if I told you that the whole system is rigged?

The entire financial world is governed by the central banks who oversee the large investment banks that make the markets of finance and commodities. There has always been rumours of rigging within the financial markets, but it is only just becoming clear what a toxic industry it is. It seems whatever the market is, they will fix it.

Conspiracy theorists of the world, we sceptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

Currency trading is the latest addition to the "rigged" column, here is a summary of the known market manipulation scandals (because it can be problematic keeping track of them all by now)

Libor - interest rates
ISDAfix - swaps
Platts - oil prices
WM/Reuters - FX
High-Frequency Trading - equities
Aluminium
Energy.

The latest to hit the headlines is the foreign exchange markets and this one is particularly troublesome because the Bank of England seems to have known about it for some time. A fair review of the foreign exchange scandal can be found here


The principal charges in this allege that currency traders at some banks made rigged trades designed to lose money — then took cash kickbacks from co-conspirators who made money on the deals. Yes, it's very easy to understand.  There's a lot of money involved and very, very few consequences.  If power corrupts then absolute power corrupts absolutely.

Wednesday, 12 March 2014

THE BRITISH BULLSHIT CORPORATION

Are you thinking that with so much Government propaganda and 'interference' now is the time to adjust your sets?

Proudly telling you what the government wants you to think.

ByHARRY BLACKWOOD

I'VE been a huge critic of the BBC for a long time, so it may surprise a lot of people to know that I worked for them for a while.

Considering the money they waste and how much the top brass are paid, working for the BBC in an 'ordinary' capacity isn't going to make you rich; in fact the pay is crap. But I'm really glad I spent some time working for 'auntie'. For starters I enjoyed the work and especially the interaction with listeners, but best of all it gave me a useful insight into a totally dysfunctional organisation that nowadays is nothing more than the mouthpiece of the Bullshit Factory aka The Establishment.

There are some good people working for the Beeb, but largely it's infested with middle class, posh people from privileged backgrounds and top universities who have no idea what it's like in the real world. Arse and elbow spring to mind.

A recent story that featured on BBC Breakfast illustrates my point perfectly. They reported on a survey that showed personal saving in the UK was at an all-time low and queried why.

Well, I'll tell them why: just about every working class person in the country is on the bones of their arse. They can barely put food on the table every month and pay for fuel and electricity without stashing a few hundred quid every month into a flaming ISA or a savings account.

The further down the pecking order you go, the worse it is. It's no wonder that pay day loan sharks like Wonga (big Tory donors) are reporting record profits. No wonder also that Food Banks are opening up across the nation at alarming rates.