There are two kinds of people in the world : those who rise to an occasion and those who do not. That is what my Mum used to say, and maybe she was not so far off the mark, after all.
UK Prime Minister David Cameron certainly rose to the occasion when he rejected the Treaty change demanded by the EU junta in spite of a barrage of bullying, threats and pressure reminiscent of the style of politics of the 1930s.
An assent would have given unelected EU officials a degree of control over the budget of the UK and a power to shape its future which not even Adolf Hitler could have dreamed of.
If the UK wants to recover from its disastrous flirt with the EU superstate, it should re-regulate the financial markets for its own sake and on its own terms.
The credit default swap instruments let loose on the world under Tony Blair’s government are destroying eurozone economies by preventing a default. A ruined eurozone cannot be in the interests of the UK either.
The UK was also far more prosperous under a regulated City. Under regulated banks, the UK still had a manufacturing base as well as substantial trade links with the Commonwealth. What does the UK have now except a growing burden of debts?
UK newspapers are full of propaganda and misinformation about The City and banks and the damage they have caused to the country.
When Telegraph business head Damian Reece claims that banks bring in capital when they have a core capital ratio of just 3% at most, he is either disingenuous or ignorant. Neither is a recommendation for being a business editor.
http://www.telegraph.co.uk/finance/comment/damianreece/8939420/Lifting-lid-on-bankers-pay-may-benefit-us-all-by-bringing-in-capital.html
Can I go to a market and sell a 100 apples if I only have three apples? No. Is it so hard to grasp the fraud underlying fractional reserve banking?
The banks can sell the equivalent of 100 apples and charge interest because they have been given a monopoly on the production of money in our system with the disastrous debt results now engulfing the UK economy,.
Not a single journalist on the Telegraph has ever written about the privatized money supply in the UK and impact of interest and compound interest. Perhaps because not a few of them hold Greek, Irish bonds etc. ?Why let the poor punters know where all the money for a tiny clique really comes from – namely, them – if it could lead to the easy revenues from dividends drying up due to vigorous regulation?
A glimpse of how shamelessly the UK taxpayers have been swindled by the banks with the help of the Bank of England and the media is contained in a new report on the Royal Bank of Scotland bailout scandal.
The way the so-called Telegraph investigation spins the story underlines the misinformation coming from so many of its journalists pens.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8947559/RBS-investigation-Chapter-4-the-bail-out.html
On the one hand, it is stated that there were no customers queuing up in a bank run i.e ., no major withdrawal of cash at the RBS banks. On the other we hear that Sir Tom McKillop, RBS chairman phoned the Treasury to say that he was about to run out of cash that same afternoon.
“We’ll run out of cash this afternoon,” Sir Tom said. “What are you going to do about it?” Darling was unequivocal. “You’ve got to keep going,” he said. “We can, but we need money,” Sir Tom replied. Darling knew there was only one place to turn – the Bank of England, the lender of last resort. Hopping on a private jet in his rush to get back to the UK, the Chancellor spoke to Mervyn King, the Bank’s Governor, who agreed that everything had to be done to keep RBS alive.
You couldn’t make this up.
In the next page of the comedy script, Bank of England head Mervyn King does not do what he should have done, that is, ask where all the cash went when there was no customers queuing round the block as in the case of Northern Rock and only virtual money had been drawn down from the bank’s balance sheets by a corporate customer. And he does not ask to see the accounts to see whether RBS really is insolvent either.
No, King instantly diagnosed the need for a massive infusion of money by the taxpayer to keep the bank solvent. The bankster s can party with their bonus pools filled to the brim with his assistance.
The last EU summit produced one sensible result: the rules on the interaction of central banks with solvent banks were loosened, easing the risk of a collapse of the eurozone bank system. Of course, the banksters will not be pleased that the fiction about solvency and liquidity has been exposed. But the tax payers will be.
Cameron was right to say that the root of the current crisis is a slow motion collapse in our morality.
In all sections of society, there is the same moral confusion about what is right and wrong, the same inability to call a spade and spade and the same unwillingness to be consequential, especially among journalist class who cover up this and other incredible frauds like the swine flu vaccine campaign, day in, day out with not a twinge of conscience.
It is not just the Church of England which has failed to give people a clear moral vision. Just look at the Catholic Church with a Pope who was in the Hitler Youth and who celebrated his first ever mass in the USA on Hitler’s birthday.
The many esoteric belief systems have not helped. I know one man in Vienna who writes books about Jesus Christ and styles himself an enlightened guru, but when I asked him for his help in spreading the information about the swine flu vaccination in autumn 2009 beyond his coterie , he said to me: “People who take the toxic vaccine will have chosen on a soul level to take the vaccine and I can’t help them.”
Really? Where in any religious book does it say, you should not help your fellow human beings because they have chosen on a soul level to destroy their own existence? He didn’t want to make the effort, too busy trying to raise funds from burned out executives who want to hear this message that selfishness is self development.
It is not.
The tree can be known by its fruits, said Jesus Christ. The fruits of our actions and effort have to be to create a fairer and more just society.
Cameron has confounded all his critics, including me, by an action which showed that he is that rare thing – someone who really can rise to the occasion, and who has a genuine passion for fairness, truth and decent values.
These are the values which hold a society together. They should be the basis of any leadership – not opinion polls and media columnists.
Under Cameron, the UK perhaps really begin its revival from a real low point in history, when it came so close to becoming a vassal state of a monstrous EU superstate due to bank debts. It can reset its money system, rebuild its ties to the Commonwealth and reengage with Europe on its own terms.
The UK is not the City of London. The fact that columnists like Daniel Hannan plainly stated he was willing to sell out the entire country into EU servitude to secure the profits from the City for an elite speaks volumes about his investment portfolio and his ethics.
