BANKING CRISIS EXPLAINED!

THE UNIONISTS SHOUT ABOUT LONDON'S FINANCIAL CLOUT BUT WHAT HAS IT DONE TO BRITAIN?

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We're often told how much we should be indebted to the City of London's financial clout but looking at the figures above we have the lowest growth in the G20 with the exception of Japan, which had an earthquake and a nuclear disaster!

What that means of course is that thanks to our lax banking system, put in place by Labour, we are basically fucked.  We are falling behind most of the G20's other countries as countries like Argentina, India, Russia and China race ahead.  How long will it be, until their standard of living is higher than ours?

Look as well at the debt figures.  Many of them are much lower than ours which enables them borrow more should they need it to promote growth.  I'm fortunate to bank with an Australian bank, (the Clydesdale), which wasn't allowed to gear up their lending by the Australian government, unlike what happened here.  Their debt ratio is 13.6% of GDP.  Other Western countries like the US are in a similar position, to us, although their growth is higher meaning that they will get out of debt quicker.

So in other words, the country has been bankrupted by the banks as we all knew.  We then bail them out and another part of the bankster hierarchy lends us the money to do it and every time money moves in the world they make money!   Merrily, they fucking laugh!

WHAT A STRANGE SOCIETY WE LIVE IN-WHY DO WE PUT UP WITH IT?

 

What a strange country we live in.  A couple of weeks ago we had courts sitting 24 hours a day to convict daft kids who took part in or received proceeds of the riots.  In many case ridiculous sentences were handed down by wizened, old fuckers who are still living, in their own minds in the 70s.  One, as you will recall, was for a guy who nicked 4 bottles of water from a looted shop as he walked home from his girl's and he got 4 years, despite the fact his record was clean.

On the other hand, our rulers, the politicians, have just signed a deal with Switzerland to get tax back from those with secret Swiss bank accounts.  Fucking good thing, I hear you shout.  I agreed, until I looked into it a bit closer.  The Treasury and the political Establishment in this country have the ability to make a pound of tripe, seem like the finest fillet steak.  The Swiss have agreed to tax these accounts and the Treasury have said that they expect to get back £5billion.  Firstly, there is no chance of that amount coming back here and well they know it.  Secondly, why should these tax evaders be taxed less in Switzerland than people who bank in this country and thirdly, why are they being allowed to keep their  anonymity? 

Let me tell you the answer to those questions.  The EU are or more correctly, were, in the process of making Switzerland tell all EU states, who had accounts, how much was in them and when they were opened.  This deal with Britain scuppers that agreement and it can no longer go ahead and individual countries will now have to make their own arrangements.  So the British Establishment which is jailing people for 4 years for stealing some water is allowing the rich and mostly the mega-rich, to evade taxes and hide their identities.

Why?  Two reasons.  They want to protect their own offshore banking in the Channel Islands and in other far flung outposts of the British Commonwealth, where our banking masters headed by the Rothschilds, (with Nat Rothschild being a pal of Mandelson's and Osborne's, at least they holiday on his yacht), have interests and secondly because simply it is the politicians who have been bought and paid for by the Banksters doing their masters' bidding.

THE CRIMINALITY OF THE ELITE.

Speaking in the House of Commons Thursday, Prime Minister Cameron's “explanation” for the outbreak of street disturbances across England demonstrates a total ignorance and poverty of understanding on his part of the nature of the breakdown in his society. He blames it on “criminality pure and simple” and “pockets of sickness” and “lack of individual morality and responsibility”.

This view is largely echoed in the British political establishment of all parties and the media.

The looting, thievery and lawlessness that Cameron so condemns is but the reflection at the street level of British society of what is taking place on a much greater scale at the upper echelons of government and the economy.

Despite the appearance of pinstripe suits and well-groomed accents, we can, if we are honest, see decades of looting and thievery of economic and financial resources by corporate elites aided and abetted by Labour and Conservative governments. The taxpayer bailout of corrupt banks initiated by Labour PM Gordon Brown and now overseen by Cameron, paid for in large part by austerity in public spending cuts, is but the latest manifestation of official robbing of the majority to swell the already outrageous wealth of the ruling elite class.

Cameron and his gang of plumby-accented thugs are gunning for $150 billion in public spending cuts to pay for the criminal enterprise known as British banking. This is racketeering that a street gang in London’s east end can only marvel at... and indeed, in a very real way, only emulate. 

READ THE FULL ARTICLE HERE

LET ME TELL YOU ABOUT FOREIGN EXCHANGE-THE EXPERTS TALK SHITE!

 

As some of you may be aware, through a bit of bad and good luck, we have purchased a property in the Costa Calida in Spain, near Mazarron, (available to rent shortly at keen prices)!

Now that is not the point of this post, but as we have a really good 'rent to buy deal', I have 18 months to move the money across to Spain to complete the purchase.  Some of you won't, I am sure, be aware of the fact that if you do it through your bank, the fuckers, will screw you on the exchange rate, so it is better to use dedicated foreign exchange companies.

As you would expect, I have, ploughed the Internet, taken a plethora of info in, about how the exchange rates will work.  It makes a big difference to me because it could make a difference of around £20k in the purchase price, depending what the Euro is doing.  In such times of flux, one is looking for a bit of good info.

I've come to the conclusion, however, that they don't know what the fuck they are talking about!  Since I was in Spain in May, the Euro has fluctuated between 1.12-1.14, fuck all of a difference, yet I am bombarded daily, (by my own insistence granted), with all this info about the pound being influenced by unemployment figures, inflation, factory output, consumer confidence, etc, etc.  All of which it seems to me, means fuck all!  You would be better sticking a pin in a bit of paper.

I remember meeting my Brother-in-law in the City of London, just after the crash and seeing brokers, pissed up to their eyeballs at lunchtime and thinking to myself, "fuck me, it's no wonder there was a crash"!

RIP AMERICA-THE DEATH OF A GREAT NATION!

 

INTERESTING ARTICLE UPDATE:  http://tinyurl.com/42nrpmu

Tonight as we await the outcome of the U.S. debt crisis talks, we are witnessing the death of a great nation.

Regardless of the outcome and the debt level will be raised, America is failing for 3 reasons.

1. Military spending is running out of control
2. The high income earners are not paying their fair share of the tax burden
3. The political system is more corrupt than in many of the States that the West feels they have to interfere in, because big business and in particular our friends in Wall Street, own the politicians, because of the amount of political funding they contribute.  Contributions by the Banksters to the Democrats, are currently running at twice the amount going to the Republicans, to encourage Obama to make the 'right decision' with regard to the debt mountain.

The 'wrangling' of American politicians in Congress over the U.S. debt ceiling is 'fake', none of the proponents have any intention of fixing the real problems in American society.  Banksters want debt, that's how they do business.  No debt, no profit.  Even if they cut some military spending round the edges the deficit will continue to grow.  Meanwhile the bulk of the American people will be the hardest hit and while they grow poorer, their elected representatives and their Banker masters will continue to grow richer.  

China will continue to rise while America continues to fall.

  It's just sad to see, that's all.