Wednesday, April 17, 2013 Thatcher's Malign Long-Lasting Legacy
There are those right now who think we should celebrate Thatcher's death popping champagne corks in street parties and sending Judy Garland's The Wicked Witch is Dead to number one in the iTunes charts. Such people are missing the point. She is far from dead. Thatcher herself may be gone but Thatcherism lives on with full force. This is why I want to catalogue the policies that directly sprang from her person during the 80s.
Monday, April 1, 2013(5 comments)
The Unspoken Truth about Cyprus
In all the many words, spoken and written, concerning the Cyprus banking crisis there is one key concept that never comes up. A large part of the Cypriot economy is based on its being an important tax haven.
Now tax havens are dodgy. They indulge in secretive practices and siphon off billions of tax revenues rightfully due to other countries.
Friday, January 4, 2013(3 comments)
Weapons of Mass Financial Inequality
"Bank rate-fixing scandals reveal the rotten heart of capitalism" So wrote respect British economist, Will Hutton, in an article in the Observer, December 23rd, 2012, But I doubt whether he made the mechanics and the enormity of the Libor scam clear to many. But how exactly did it work? What exactly are "derivatives" which Hutton mentions? Warren Buffet, famously called them "weapons of mass financial destruction".
Sunday, December 2, 2012(11 comments)
Major UK Press Inquiry Would Scrap First Amendment
The Leveson Inquiry is a public inquiry into the British press following the News International phone hacking scandal , The Inquiry has just published its report
Full marks are due to Prime Minister David Cameron who as a politician was able to home in directly on the flaw in Leveson -- the introduction of state control into press affairs. In the USA this would be of course unthinkable due to the First Amendment
Monday, October 8, 2012(2 comments)
British Student Loans -- The Giant Scam That Robs The Nation
Many people think that the reason for students paying for their education is to avoid government debt. But this is not the real driver and never was. JP Morgan Director Tony Blair, expanded the student population and at the same time forced them all into debt. This was neither an educational programme nor a social mobility programme but part of the ongoing process of the "financialising" all of our citizens lives.
Thursday, September 20, 2012 Two US Marines Deaths Caused by British Royalist Propaganda Exercise
Two US Marines died on Friday in a Taliban attack on the Camp Bastion base where Prince Harry was being stationed. There is absolutely no doubt that the marines died because Prince Harry was in the compound. By stationing Harry in Afghanistan, military lives are put at risk. Let's be clear. There can be no possible military use for the Prince in Afghanistan.
Tuesday, August 23, 2011 The Royals and the Riots. Where Has That "Queen Mum Spirit" Gone?
In the old days when the nation was in crisis someone from the royal family would be there to show sympathy and encouragement. But not any more. When the August riots came, they stayed away. But they form the head of state and you would think they would be concerned. It is like President Bush being slow to show interest in New Orleans after Katrina. Acting like this they deserve to be soon out of a job.
Monday, August 8, 2011(1 comments)
The Markets. The Markets. Who Are These "Markets" We Are So Beholden To?
A comment on the present economic crisis. The theme is the use of the word "markets" by commentators and what this means. I expound on the way banks create money through the use of derivatives drawing on the book by investment advisers David Roche and Bob McGee and then use this money to prop up government debt. The article is highly critical of the current political/economic syster.