regardless of what you read on the company of the bank of englands website, the bank of england company limited is a private bank with private shareholders. only its debt was nationalised in 1946. it issues credit (banknotes, coin and computer digits) AT INTEREST that becomes debt at inception.
most other countries on the planet with the possible exception of china, but i would question that, are in debt to the international private banking cartel. iceland has refused to accept the debt forced upon it by the criminal (fraud, lawbreaking) landski bankski's and called for an international moretorium on debt. iceland is not the first. many countries from argentina in south america to malaya in the far east have rejected terms forced upon them by the international private banking cartel's front organisation, the i.m.f. and declared a moretorium on their debt.
would other countries trade with us if we repudiated the fictitous debt of financial instruments like credit default swaps ? of coarse they would. like they have before but more importantly because, they are in the same boat.
the german and french governments have just decided that they are not going to bail out the peripheral economies of the euro zone not because they are dirty rotters, but because they cant. the debt is too big even for them. watch this week as the hedgefund hyenas short irish, greek, portugese and spanish bonds to drive up the return for the increase risk that hangs over those countries.
no amount of increase in taxes and reductions in services or benefits, on top of those already imposed by the i.m.f. and e.c.b. on the populations (tax payers) to repay the debt created by the private banks can stop the collapse but unfortunately, the local politicians will try with all manner of bullshit explanations to cover up where the fraud comes from.
your sincerly and honestly.
ALF GARNET
mmmmm. well it's true. you have sussed me out. i'm a guinness swigging, morning star reader who talks revolution in the pub. i'm a conspiracy theorist with no solutions who copies and posts, i have'nt got a clue wot i'm on about. i'm a failed drop out undergrad and no one should take any notice of my alf garnet rantings. everyone should accept all the debt that has been placed on their shoulders and suffer the consequences.
it was all our own doing and we should accept our fate and bury our heads in the sand and look after number one. listen to our leaders and go along with them. they have our interests at heart and they are only looking after us and everything they say is true.
i'm am just a failed drop out 40% tax paying idiot who woke up one morning in a 750 thousand pound house on 120k a year. goodness, life has been good to me. i just woke up one morning and it was all there. dont know anything about banking, credit, debt, fractional reserve, derivitives, collaterised debt obligations, securitised investment vehicles, credit default swaps and all that mallarky. just copied and posted it. invented all that stuff 12 months in advance about debt and soveriegn default. it was all pure coincidence. lucky that.
an increase in tax equals a decrease in cash in circulation unless there is a corresponding increase in credit creation greater than the increase in tax. simples.
wake the fuck up, stop watching x factor, coronation st. and east enders and agent provocateurs smashing windows dressed in balaclavas.
this is a contrived demolition of the economy. greece, ireland, next spain and portugal, possibly then italy, in whatever order and the u.k. next ! but hey, i talk a load of bollocks.
OH AND I FORGOT. INCREASE TAXES, NATIONAL INSURANCE, V.A.T. AND PROPERTY TAXES AND PAY IT ALL TO THE I.M.F. TO SERVICE THE INTEREST ON YOUR BAIL-OUT LOAN TO KEEP THE BANKERS IN THE BONUSES THEY ARE USED TO.
REPUDIATE THE DEBT. DEFAULT, ITS NOT YOUR DEBT ANYWAY OR ALTERNATIVELY CALL IN THE I.M.F. AND ACCEPT ALL THE AUSTERITY AND HARDSHIP THAT WILL COME IN THE I.M.F.'S LAUNDRY LIST. JOB LOSES, PENSIONS STOPPED, BENEFITS DONE AWAY WITH, PRIVATISATION (THEFT), NEGLECT OF INFRASTRUCTURE, MEGA PROFIT FOR FINANCIAL INSTITUTIONS AND TOTAL ECONOMIC COLLAPSE AND DEEPER DEBT.
CLOSURE OF HOSPITALS, SCHOOLS, FIRE STATIONS, LIBRARIES, CUTS IN BENEFITS, CUTS IN HOUSING ALLOWANCES, EVICTION OF COUNCIL TENNANTS, COLLAPSING ASSET VALUES (HOUSES AND ALL PROPERTY), WHOLESALE CLOSURES OF COLLEGES AND UNIVERSITIES, WAGE CUTS, FACTORY CLOSURES.....I.M.F.'S TERMS FOR LOAN TO IRELAND TO SUPPORT THEIR PRIVATELY OWNED BANKS WHO'S SHAREHOLDERS AND CREDITORS DONT LOSE A PENNY AND WHO'S DIRECTORS ARE ENJOYING RECORD BONUSES... SOUNDS FAMILIAR
sorry folks, did'nt mean to follow the title "fixing the irish problem" because it's not.
the people of ireland have been saddled with a debt of 2 to 300 billion euro's. no matter how austere its government reduces spending and increases taxes, which they will try to do, it is an impossible debt plus interest to pay for 4 million people.
their government will have to give up all the countries assets to their debtors, tax their people to death and remove all services, and that will not get them out of debt.
irelands international private banks, bank of ireland, allied irish and anglo irish banks, played poker on the international markets in derivitives and property speculation (bad bets) and lost. they became insolvent and the irish government underwrote them with present and future taxation reciepts and made the irish people responsible for those private banks and bondholders liabilities (loses).
so, like here, the debts created by fraud and bad loans gets passed from the shareholders and investors in banks to the people who are then shorn of their wealth and or social gains while the banksters enjoy record bonuses. stay asleep or watch x factor and everything will be o.k. tomorrow for you. anyway iceland and greece are miles away, for that matter, so is ireland, so dont worry, it cant happen here, can it ?
"this, the mother of all crisis" not my words but those of paul volker, ex chairman of the federal reserve (no more federal than federal express) in january 2009 at a meeting of bussiness leaders in new york, is unresolvable under the present private international monetary system and can only lead from currency wars to trade war to physical war and the destruction of mankind. awaken from your slumber and television hypnosis.
i'm sorry to inform you all that unless the creation of credit (money) is in the hands of a government of the people, by the people, for the people, while it is in the hands of private banks (the private bank of england company limited), there is no other solution to the contrived deliberate debt crisis that is intended to us all of our wealth and impoverish us all into serfdom. those of us who survive that is.
i ask again, if the existing government of the u.k. can instruct the bank of england to print money, then who the fuck do we owe it to ?
in a short period of time, we will look a back and know we never had it so good. an economic tsunami is about to hit. perhaps the old duffer knows something most others dont.
but it sure makes cameron, clegg, osborne and all the other bankers puppets look better. frigin rubbish. there never was or is a "double dip" "coming out of recession" "green shoots"
ireland was forced to accept a bail out loan from the e.c.b. and i.m.f. on the peoples back to pass it on to the insolvent anglo irish and allied irish banks that owe barlays, h.s.b.c., r.b.s. and deutche banks ten times more than irelands g.d.p.
the fraudulently created debt cannot be repaid and all the politicians are doing is socialising private bank debt of a ponzi scheme that makes "madoff" appear a saint by comparison, onto the burden laden backs of the people and the osbournes, camerons, cleggs and millibands WILL do the same here.
batten down the hatches, we are in for a storm.
the payouts will contain gagging clauses to protect the real criminals.
sadly medway, although i have'nt watched the documentary, i can only presume that the commentators and supposed economists accept the fraudulent ponzi scheme created by the private central banks and their underlings as legitimate and therefore the debts as legitimate and real. watch the financial news closely this week as the irish crisis unfolds followed by portugal, spain and greece. as merkel, the heads of the e.c.b etc insist on lower leverage of credit default swaps and holders try to gain liquidity.
the conflicts created by the feds q.e. will force protectionism and actions to preserve markets and margin calls to rise exponentially. the collapse has been only been temporarily defered by the tranfere of private debt to soveriegn but its too great. look out, many british banks and hedge funds are holding enormous amounts of irish bonds that, no matter how much austerity the irish government imposes on its people, can never be repaid and everyone knows it. thats why the euro is under pressure but the talk behind the smoke about ireland is probably britain. regards
having watched various clips of the lone masked hooded, fit bodied, student raming a window, with aghast looking, unmasked students onlooking, and prepared journalists and photographers filming, unchallenged and not detained or arrested, i can only conclude that it was a stage managed provocation that only serves the interests of the state and demotes the message of the protest below that of violence, rioting and hooliganism.
in no way do i or any other sane people condone this wanton vandalism and i'm absolutley sure no other student does either.
al qaeder was formed under the carter administration by the c.i.a., armed, trained and funded by the c.i.a. and led in the field by osama bin laden of the wealthy saudi bin laden family closely associated with the bush family and shareholders of the carlyle group. the "data base", loosely translated from arabic "al qaeder" was the c.i.a. enrolement of the mujahadeen fighters recruited by the c.i.a. and led by osama bin laden firstly to overthrow the pro soviet government in kabul and later the soviet occupying forces in afghanistan.
this proxy american war was the policy of zbignew brezinski, foreign policy adviser to the white house and part of the continueing geo-strategic strategy of the u.s. to maintain its economic and military primacy in the world.
eurasia (turkmenistan, uzbekistan, georgia, caspian sea area, afghanistan, iraq, pakistan and iran) have under their soil, the largest deposits of oil, gas and minerals on the planet.
as brezinski points out in his book "the grand chessboard", it is essential, in order for america to maintain its primacy into the next century, it must secure these reserves and prevent russia, india and china from aquiring them. in order to acheive this aim, the american people must percieve a threat in order to go along with the necessary wars and occupations that will be required to carry out this policy. in order to create this perceived level of fear, a catastrophic event on the scale of pear harbour will be required.
al qaeder is run by the c.i.a. and osama bin laden (if he is still alive aged or not) and al alawaky the c.i.a. lacky serve the interests of american imperialist interests and have not changed sides. i am amazed at the propaganda power of the media but even more so peoples inability to join up the dots.
mmm. tutu was never shut up by the state, arrested or detained, never made an outlaw or tortured. had freedom of travel. only ever preached non violence to the africans in the midst of horrific violence of the apartied state. mmmm ?
i remember the big public meeting in the barbican centre when the lancaster house talks were taking place and joshua nkomo said..."the white man came to africa and he had the bible and we had the land.....big pause....now he's got the land and we've got the bible"
mmmmmmmm i wonder ?
i thought this thread was about the question "what is cia qaeder"? ft london july 2010
top aid to osama bin liner, al alawaki dines with pentagon to brass months after 9/11,
in the public domain folks.
now al cia qaeder is in yemen posting printer bombs to chicago via east midlands on non existant ups flights out of yemen ? funny how they moved from afghanistan to iraq and now the gateway to the straights of hormuz further surrouding iran. funny how they are fermenting civil war in yemen and being drone attacked along with pakistan ? oh, and now alawaki is head honcho of ciaqaeder masterminding all manner of terror.
funny how the "grand chessboard" published in 1997 lays out the very geostrategic plan to secure the oil, gas and minerals of eurasia to maintain america's primacy in the world by creating a perceived threat of terror with a catastrophic event on the scale of pearl harbour in order to get the diverse, multicultural americans to go along with the necessary wars and occupations of the very same, exact countries they are in ?
funny that innit ?
