CREDIT CRISIS AND FEAR IN THE MARKET!!!

 

        The headlines shout at you, “FEAR GRIPS THE MARKETS” what exactly are they talking about? Who’s fear and what are they afraid of? Well it seems to be the fear of all those sweaty palmed greedy little billionaires, they are afraid that their billions will shrink to millions and they are trying to grab their loot and hide it somewhere until it is safe to bring it out and start to screw us again.

         Governments always waffle about how they are trying to help the people but there is nothing like fat cat capitalist parasites squealing, for the government to show its true priorities. Governments have always intervened in the economy, but always on the side of the capitalist, the free market is a neo-liberal myth. This government has made a pledge to eradicate fuel poverty by 2010. In spite of it getting much worse, they tell us that they have done everything that can be reasonably done and since 2000 have spent £20 billion on the project, that is 8 years expenditure. However their capitalist friends shout “CRISIS” and with one throw of the shovel they toss £50 billion of our money at them shouting, “Save the spivs” oops sorry, “Save the bankers, save the bankers”. The £50 billion of course is just the tip of the icing, oops sorry, iceberg. There is another £250 billion of loan guarantees and a further £200 billion to fluff out some other bits of banking petty cash, all our money. We are talking about £500 billion of tax payers money being flung in one mad throw of the dice in the banking charlatans game. We are talking about more than four years money for the entire health service, at approximately £106 billion a year. While we are throwing money around how about the 850 million human beings that are starving, or the 2.6 billion that lack proper sewage, then of course there are the other features of the free market, the 640 million children with inadequate housing or the 800 million people who are illiterate. The system stinks and what we are seeing is its sewage washing over us the ordinary people, who will be expected to pay for all this “bailout” with unemployment, foreclosures, cuts in social services and increase taxes. This is a bail out of the rich by the poor, welfare for the rich.

          Now is not the time to protest asking our masters to try to ease our suffering a little while they play their crooked game. It is not the time to march from A to B with banners asking for more crumbs to allow us to work harder. This is an opportunity to once and for all trash this corrupt and unjust system of greed. We have to organise in an attempt to circumvent the system, to short cut the system, to work outside the system. To organise different types of co-operatives within our communities, and other forms of working class mutual aid schemes, defend those facing foreclosures. Why should we pay for their greed, it would appear that profits are private but losses are socialised. We have to stop playing their game to their rules, the dice is loaded.

          It took the arms build up and the destruction of the second world war to pull the world’s economies out of the last great depression 1929/33, perhaps that’s what they have in mind for us this time round. Only the organising of the ordinary people can stop this

ann arky’s home.

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SPIVS—BANKERS!!!

 

        Those who are affected, most of us are, by the financial bubble burst, should understand that the very nature of modern banking is fraudulent. All the money made and lost is just a symptom of the real problem. Banks are allowed to lend many times more money than they have on reserve. They literally create money out of nothing. With the help of the central banks, these banks create as much money as they require. Loans go on their books as assets, on which more money is loaned. It is not actual physical reserves that they lend, but money that is printed according to how much money is demanded by loan applications and mortgages. This is why so much money has been lent to people that would never be lent real money. It comes out of thin air, not actual bank reserves. However the interest we pay back or the asset such as our house that could be seized are very real. Central banks are in a win-win situation.
          Some years ago our government relinquished the power to print money and set interest rates to the banks. The government now borrow from these banks and use our tax to pay back the loan and the interest charged by banks. Obviously the government is not in control, the banks are. They rely entirely on central banks for money. They are as hooked as we are as long as they allow banks to control money supply and interest rates. A government that borrows with interest from private banks, when it can create its own interest-free money, is a government of cretins or swindlers, more likely both. Our tax money is profit for the bankers.
         Basically, banks are allowed to lend several times more money than they have on deposit. When you sign a loan agreement for £X, they record this as an asset, the central banks print the money, you then pay the loan back with interest. They never lent you any of their money, they just had some printed by the central banks using your signature as surety. In the meantime, they are allowed to lend out at least ten times what you borrowed to other customers. The entire process is fraudulent, including the contract between you and the bank. They do not make you aware of the reality of the contract, which makes the contract illegal.
           The government gave control of money supply and interest rates to central, privately controlled banks, and borrows money from those banks, using your income tax as the security. A huge amount of our tax is just paying interest to these bankers when the government could control it and issue interest free money to itself instead. Also we should be aware of the fact the since Napoleonic times, banks have loaned money to both sides of most wars, wars are profitable to banks. People such as the ex governor of the Bank Of England, who has a fair insight into the system, have stated that banking is sleight of hand, and that if people understood banking there would be a revolution before tomorrow morning. Let’s hope the people come to understand the banking system quickly.

ann arky’s home.