The true character of a man is revealed when he is under pressure…so they say.
The riots in Paris and the demonstrations against foreign work forces being used at British oil refineries and a power station seemed to be a presentiment of widespread civil disturbance, especially in this country. We are, after all, only at the beginning of a slump which is predicted by the IMF to hit Britain more seriously than any other developed nation. It will be longer and deeper and we can already see the hardship, the bills accumulating.
We need this civil disobedience. I hope that some of the people who plan destruction have the sense to trash only the systems and places that they use to ruin everyone’s lives. Smashing McDonalds and Starbucks is just STUPID.
In the last week, it seems that I have hardly had a conversation that has not dwelled on the economic crisis and how we arrived at a position where we are paying to bail out the bankers, who are still claiming vast bonuses, and face finding another £20bn each year in taxes or losing that amount in services.
And it is a safe bet that in none of these conversations did the phrase ‘fiat currency’ ever pass anyone’s lips. Another safe bet would be that ‘fractional reserve banking’ was never uttered. The fact is that no one who writes for the Guardian knows why this ‘crisis’ happened. None of them understand what money is. All of them are whining about banker bonuses as if that had anything at all to do with this problem. Jealousy politics is alive and well and serving its purpose to divert thinking people away from the true causes of their misery. The fact of the matter is that government is STEALING from the public to disburse money inefficiently, if not fraudulently. In any case, it is certainly immoral. These banks should not be bailed out by any government. Period.
If it had been a matter of straight theft
It IS straight theft; from YOU to the STATE to the BANKERS.
– ie the damage done was equal to every bonus –
this is nonsense maths. The bonuses are IRRELEVANT.
the world economy could easily absorb the hit,
There is no ‘world economy’. This is a matter of YOUR money being stolen and redistributed to bankers. There is no collective entity that you can call a ‘world economy’. This is loose english at its best.
but there is a vast multiple involved between the amount taken in bonuses and the bail-out received from governments. Figures to be published in Vanity Fair next week show that the bail-out in the US is anything up to 900 times the bonuses paid to the top five executives of leading American banks. At Citicorp, bonuses equalled $54m in 2007 while the bail-out was $45bn. This ratio doesn’t capture anything like the economic consequences of greed on both sides of the Atlantic. They are incalculable. The crime is nearly the equivalent to poisoning of the world’s water supply. If the banking industry and advocates of unregulated market capitalism expect a return to normal service after the slump they are gravely mistaken.
The only people who are ‘gravely mistaken’ are those who think that bonuses have any meaning, and that there ever has been a place where unregulated market capitalism has been running. Once again, there is no such thing as ‘the world’s water supply’ there is no one world anything. Constantly referring to things in these terms is simply absurd, and it is part of the problem.
It is fortunate for the hedge fund managers and derivative traders in Britain that the London mob does not materialise at moments like this to drag them from their spruced-up homes and limousines as regularly happened in the 18th century.
Yes indeed, that would help! If hedge fund managers and derivative traders lose their money, what do you care if your money is sound and in a bank that is not exposed? If you owned your own money and kept it safely, you would not have a problem at all.
In one way, it is also regrettable, because then the mob, which, incidentally, is a shortening of mobile vulgus, affected the conduct of politics and on several occasions changed things for the better.
That may be so, but until people understand what money is, all the mobs and rioting in the world will never solve this problem. You need to watch (as a beginning) The Money Masters to understand what is really happening, and how value is being stolen from you. Unless you are willing to do the small amount of work it takes to understand economics and money, you will NEVER be able to understand what is going on.
It was not made up of the depraved and violent underclass found in most historical accounts, but of groups of young working men and apprentices who, while demonstrating for Protestantism and against foreign workers, also played their part in supporting liberty.
You cannot have liberty without money that actually belongs to you. Misunderstanding this is why you FAIL.
Something of their voice was heard last week outside the refineries where foreign workers have been employed en masse instead of British workers, but in London, everything is – for the moment – quiet.
Those people are not ‘foreign’ they are from the EU, which Guardian types are all for. You cannot open up to the EU and then expect them NOT to come here and work when they have the RIGHT to do so. If you did not want Italians working here, you should never have joined the EU o Great Britain. Once again, the brainless demonstrators show just how STUPID they are; they should be protesting British membership of the EU (the cause of those workers coming here) and not the workers…its like treating acne by putting on a topical cream instead of weaning the teenager off of his diet of Tizer and crisps. Not very smart!
We are slower to anger than the French, although I must say that if I were a member of my children’s generation I would very much feel like hurling the odd carton of milk at politicians and bankers of the older generation.
Once again, this is why you FAIL. Your position as a writer could be used, right now, to direct people to the correct information about this problem; unsound money, fractional reserve banking, and regulation. Sadly this will not happen. Or will it? Who knows?
For the people who are going to pay for the lunatic exuberance of the last decade are not its perpetrators – largely the baby boomers born between 1945 and 1965 – but those born after 1985 and, by the way, several succeeding generations.
The people who are going to pay for the bailouts are the suckers. Everyone who knows what is really happening will not pay a penny. The people who are not helping are the ones who are steadfastly persisting in bad thinking and willful ignorance.
To put it crudely, my generation has stolen from its children and grandchildren.
That is a lie. It is ASTONISHING how the pundits and spin masters have turned this crisis around so that the INNOCENT now believe that they are THE GUILTY PARTY in this. How they did it should be studied by everyone everywhere.
It is they who will be affected by £20bn per annum shaved off services and for as long as anyone can predict.
Once again, only the suckers will be paying for this nonsense. As for services, their degradation was always inevitable. To understand why, you have to understand money (what money really is) and economics. You could try Googling ‘Social security Ponzi Scheme’ to find out why degradation was always going to happen.
And this crisis means that we are about to fail in that other important obligation of providing jobs for people coming out of university and school.
Once again, total and complete FAIL.
There is no collective obligation to provide jobs for anyone, so to say ‘we’ are about to fail is nonsense. You cannot be FOR liberty on the one hand and ALSO FOR collective responsibility and accountability of the type that is the driving philosophy behind bailing out banks. Then again, being able to hold two contradictory thoughts in the mind simultaneously is a required skill these days is it not?!
Last Friday, it was reported that unemployment among 16- to 24-year-olds has risen to 16.1%, which is above the European average of 15.9%. That figure is bound to grow over the next two years.
Water always finds it’s own level.
Look coldly at my generation, the one that’s has been claiming every sort of entitlement since the Who sang about it, and you realise that we have been criminally irresponsible.
It is criminally irresponsible to not try and understand what is really happening, and then to perpetuate it by claiming that there are collective responsibilities to provide jobs and every other sort of nonsense. It is criminally irresponsible to prop up that system, and to not try and inform people of its true nature. At the very least, since you cannot throw stones, you would be able to say, “I tried to warn everyone. I did what I could do”.
We are leaving the people born after 1985 not just with the bills for this economic mess, but we also expect them to pay for an increase in the cost of state pensions for us, a rise of benefits and soaring pensioner health costs, which has been clear in demographic studies for some time.
You can expect anything you like. Your pension is TOAST. No one is going to foot the bill for it, there will be no money for it. You were robbed. Deal with it. Start saving NOW…saving REAL MONEY.
How young people are going to get started in paying for our old age without jobs and with a credit crunch and a frozen property market is anyone’s guess.
That is an astonishing statement. The concern is not how young people are going to get started paying for YOU, the concern is how are they going to LOOK AFTER THEMSELVES and THEIR children! The selfishness, corruption, immorality and thievery never ends!
Consider the political classes of today, the people who clustered round Tony Blair – born a month after me in 1953 – and who have been in charge for more than a decade. What have they done to make politics and the business of Parliament responsive to the widely appreciated needs of this century?
That is irrelevant. The only thing that matters is who destroyed the money, who stole it, and what are you going to do about it. Note how I do not say, “who destroyed our money”. I am not under the delusion that the pounds in your pocket belong to you. They do not.
Though there are many well-intentioned politicians, politics probably hasn’t been held in such low esteem since the time of the London mob. It simply fails to deliver. Even in the good years, the government spent vast amounts on education and health, but failed to secure a proportionate rise in standards and productivity.
People who are for liberty hold politicians in low esteem by default, reflexively. They also do not expect government to deliver. They do not expect government to secure standards and productivity. People who are for liberty understand that not only is that not the proper role of government, but they also understand that government is incapable of doing these things, and if they do try, they do it inefficiently and immorally.
I won’t try your patience with my generation’s failure on rights and liberty,
We already gave up on you years ago…where have you been?! Not on the internets clearly.
its casual erosion of the privileges that were passed to us by our parents,
THIS IS WHY YOU FAIL. Rights are not a PRIVILEGE that is handed to you; you are BORN WITH THEM.
or its bewildering ignorance of history,
I am no historian, but honestly, when it comes to the history of money ignorance is absolutely EVERYWHERE. Even when there is a crisis people are too thick to try and find out what is really happening. That is the unforgivable sin. Even when people know some history, they sit there and stupidly repeat the mistakes of the past over and over, and then whine when things are getting worse. Knowing history is not enough. You need to know what your place is, what your rights are, what rights are and how to solve problems.
but it is important to understand that at the heart of the deterioration is Parliament and in this sense politics, rather than society, is broken.
This is completely wrong. Parliament is not at the heart of the problem. The heart of the problem is in a generation of people who do not understand their place in the world, who do not understand what Liberty is, what Rights are, the very nature of man and why it is he owns things. Parliament is the pimple, its corruption and arrogance a symptom of a disease. The people are sick and stupid and brainwashed. They are not even able to frame their thoughts properly so that they can address these problems. That is why they talk about ‘our’ money, and ‘our’ democracy and all the other backwards, wrong headed nonsense that we read over and over again.
Last week, a friend said that what he found so frustrating in the scandal involving peers allegedly offering to influence laws for cash, as well as the apparent immunity of bankers, was the absence of justice.
You tolerate Parliament, put them at the centre of your life and philosophy and so therefore, the problem is YOU and you perception of your place in the world. There will always be corrupt people, and politics normally attracts the corrupt…morally corrupt that is…the bankers, once again, are not the problem, and focusing on them is very stupid, pointless and childish.
None of the 3,000 offences introduced by Labour apparently caters for lords and multi-millionaires.
And yet, you have, “always believed that the democratic state must be given power to act on behalf of us all”. That is the result of your belief. Total enslavement and impoverishnemt. The problem is YOU.
But this is minor compared with the crisis in the way laws – often designed to serve the political classes of my generation – are drafted and passed without proper scrutiny.
The problem is that they are passing them at all. They need to be REMOVING legislation, not adding it. And you need to stop looking to them like a sheep and to start disobeying.
My generation wanted everything – good food, cheap travel, large disposable incomes, luxury and security – and we have had them all, but at a great cost.
Bollocks. All of those things come at a price. If the next generation wants those things, then they can have them. All they have to do is pay the price and TAKE them. Your generation needs to be cut loose, your pensions cancelled and the debt defaulted on. Then we can start from a clean slate with sound commodity money and none of the collectivist illusions that have so befuddled and corrupted the men of this land.
We knew about climate change a long time ago, yet our government all but ignored it until the Tories made the running
There you go again. Global Warming Kool Aid nonsense AND saying ‘our government’ in a SINGLE SENTENCE!
We knew that bankers had not discovered the secret of limitless wealth creation, but we failed to regulate.
Bankers do not create wealth. Regulation destroys peoples ability to do it. You people will NEVER learn. And ‘we’ do not regulate. There is no ‘we’ in this debacle. THEY your ENEMY regulates and destroys and murders, and no, it is not on ‘our behalf’ either.
He let it slip, “It’s not your money!”.
And now if my children’s generation demonstrates, we will deploy a newly equipped and trained riot police to protect us. You see we have been expecting trouble.
The trouble will be far deeper and more widespread than you can possibly imagine. No riot squad will be able to contain it. At the end of this process, you and the government you cherish so deeply, even as it flays the flesh from your back with a cat o nine tails, will be utterly defeated. The people who truly understand freedom, liberty and rights will ensure that your world and its vile illusions never returns.
Some of the commenters on this article are beginning to see the light:
Sure Henry – and if you were twenty years older you’d be dead. Our confrontation with the political and business classes does not require youth, we are not throwing rocks and burning tyres – we have a series of modifications that we require of the commercial system to ensure it operates fairly in future. These are not for debate or modification – they are our requirements.
1/ We will restore some measure of value to our currency so that it will be known to us in the same way the length of a metre and the weight of a kilogram are known to us.
You see? The penny has dropped.
Sound money is the NUMBER ONE priority of everyone who understands this problem. Everything flows from it, all conditions are influenced by it.
A lurker who saw this same article says:
I don’t think the UK has the right culture for properly directed riots, a la Belle France for example. There is a small hardcore of politicised activists, such as seen in the poll tax riots, anti-fox-hunting and so on… but no mass body of free-thinking students (for example) with the will to put their high brows in the line of fire. Most other people have kids and would place family safety first. I just don’t see a proper riot as getting anywhere. Not reflective of the will of the general populace, too abstract in a way, and just a fight against police when what we need is a fight against HMG et al. The Iraq demo, and possibly BBC license fee avoidence – that’s what appeals to the middle-england masses. Other people (Sun/Mirror readership?) with job losses and SkyOne to pay for… will they act, and how? Will the miners strikes return in another guise? There is the real power in numbers. Get the two halves together and it could be special…
I just went off in a daydream where a crowd the size of the Iraq demonstration massed on parliament and took it over by mass of numbers, no violence required. Sky news offices next, and Buck House, followed by all the financial institutions of which the public own a slice. Gordon Brown makes one last public address, apologising for his sins and commits seppuku on live TV. The entire Labour front bench follow suit. A nation rejoices, shame is banished and national pride restored. The Tories are too yellow to take power following this and a new system of decentralised government is brought in…
10cm snow here, and more coming. Its gorgeous!
A little snow, and Britain is shut down.
When the people of Britain are ready, they will whip up a blizzard that will erase the evil once and for all. Like the Soviet Union, the Britain of the past will be a memory, and in its place will rise the sort of country that we used to love.
Only TEN THOUSAND TIMES BETTER!