http://www.prisonplanet.com

Now that they have all the Wealth and all the Power Is this to be the future of us and our children,
Gordon Brown would say no, my natural human instincts say otherwise.

http://www.endgamethemovie.com

Plebes is the plural of Plebe and Plebs. Apologies, I have spent too much time with Yanks.

Plebes are the thickest of the thick at a US military academy, they also use it for a remedial class in a college.

http://dictionary.reference.com/browse/plebes&

BBC: “A building society in Kent has said it would be refusing to reduce its mortgage rates despite enjoying large profits.”

Isn’t that just typical of the lying deceitful BBC. The subject is a Building Society, last I heard a building society is a mutual society, that is one run for the benefit of its members.

Yet the BBC talks about ‘profits’, no, ‘large profits’, implying such things are evil.

Not only is the BBC giving a false impression of what a mutual society does, it is also implying that ‘profits’ are bad.

Meanwhile any person in his right mind would wish that more banks were showing profits just now.

Really, the BBC is a cancer gnawing away at society.

It was always clear to me that much of the UKs success in the financial sector was down to the fact that the Government had the restraint of law applied to its actions.

Today, that is no longer true.

I’m retired, average cliche saver with most of a small nest-egg (just into six figures) in cash. I am deeply worried about the inflationary implications of the govt’s policies. I cannot accumulate more capital, and the effects of the loss of my current stash on my sense of security, not to mention my ability to provide for my grandchildren’s education, would be dire.

What I need is an authoritative analysis of the likely outcomes of what is going on. Then advice on how to cover myself against the worst of them.

I suspect that there may be quite a lot of people in a similar position – and we are of the generation and class that bothers to vote.

Can we look to you for such leadership?

Reply: By law I cannot offer investment advice on this site. Investment is a regulated activity, and an adviser needs to ask about your individual circusmtances before offering advice. There are numerous regulated advisers, and regulated investment websites that you can turn to.
This site does provide economic and market analysis useful to those who make investment decisions. There are ways of controlling risk and making a return, even in these dangerous times.

Obama (and his team) operate under the principles of democracy for the good of their nation.

Winston Churchill.

You lucky b*****d. Stop buying those big ticket items and start buying my government debt. I have devalued the currency to make it much cheaper for you to buy; (and easier for us to flog the bloody stuff).

Ok, I know I am not offering a lot of interest but don’t believe everything you read in the papers, that’s for the plebes. Your IFA may have told you to hang on till next year when I will be getting a bit desperate. And yes, if those bloody banks start lending to people, I may have to up the interest rates – the ones the media don’t understand – to keep them coming into our Threadneedle Street shop.

Don’t worry about inflation, I have lots of ways of controlling inflation; bank reserve ratios; interest rates; open market operations and stuff like that. (I haven’t got a clue how you control deflation, horses, water and drink, you know what I mean;!!!! banks).

If you must buy big ticket items, can you get the ones that say “made in UK” on them. It is a bit of pain if I have to pay the Chinese to send us a washing machine, just to sell it to you at a fire sale price. (I am trying to get the nations trade deficit down and a merry-go-round of Korean washing machines I don’t need!)

And, stop inviting your relatives over to Euroland, they don’t understand that a foreign holiday is an import on my books. At least get the b*****ds to fly on a British airline. (But they must give up their seat to anybody who is paying in dollars or yen.)

And, stop going on about the value of the pound, you are upsetting our voters. Remember what Wilson said, “… this will not affect the pound in your pocket …”: I wish I could get away with that one again.

Give my love to Jean-Claude Trichet at the Eurobank, tell him the cheque’s in the post.

All the breast; Merv King.

http://www.telegraph.co.uk/finance/economics/interestrates/3551328/Bank-of-England-mulls-nuclear-option-of-cash-injection.html

There are two things standing in the way of massive monetary inflation on this scale:

1) Interest rates have to reach zero first. Well that is on the cards ‘cos the stimuli implemented to date have not worked and they won’t cos the problem is not the need for stimulus but the need to allow a resurgence in savings (i.e., the source of funding for business’ to invest and grow) and the collapse of the rotten investments built up during the monetary expansion of the last 7 or so years so they can be replaced by new investment.

2) The EC will stop us.

I don’t agree.

If, as a result of Brown’s misguided interventionist policies, things get worse, then the govt will become increasingly bold and arrogant and so less likely to be steered by a dissenting Europe. I don’t object to this per se – Europe as a supranational inst. telling us what to do can take a running jump, but Brown’s policy initiatives in opposition to the EU will be more of the misguided same and so will push us even closer to the brink of a depression.

That said we may find many govts in Europe adopting a similar line to Brown’s (with the odd notable exceptions such as Ms Merkel). Hence I am not sure that the EC would offer much opposition to this monetary madness. The same reckless irresponsibility is on show in America where Mr Bernanke (Fed chairman) has made clear he will put the printing presses on full speed if he feels the need to do so.

The same fate awaits America. If you destabilise your own currency, if you engage in excessive levels of monetary creation then you will undermine confidence in that currency. Demand for the currency can increase to offset the increase in supply but its unlikley demand will remain at the higher levels for too long. People save with a purpose in mind and when that objective is reached their demand for goods and service will pick up again, releasing the full force of the monetary hurricane that has been built up by thje central bank’s policies onto the econonomy. Thats when the inflation will burgeon to levels not known for some 80 or so years in Europe. More recenlty if you live in Zimbwabe. Being a reserve currency – as the dollar is – does not protect you from this if your central banker is stupid enough. Yes the dollar has rallied recently but that is a short term response to this crises. As confidence in the dollar collapses – a collapse bought about by the Fed’s actions – then so demand for the dollar will collapse.

With each passing day I get increasingly nervous about the path Brown and his coterie are leading us down. As Alistair and Gordon tell us we will get thru this but no thanks to them.

http://news.bbc.co.uk/1/hi/england/7768476.stm

His reasoning is it’s out-of-order on savers. Quite right.

http://video.google.com/videoplay?docid=-8484911570371055528

Also a Film which supports the Books allegation that the Federal Reserve and the Bank of England are Both Private Companies.

http://uk.youtube.com/watch?v=_dmPchuXIXQ

And another.
http://video.google.co.uk/videosearch?q=money+masters&src=2#

Labour saw to that with its monotonous mantra of “spend, spend, spend” for the last ten years based on “O” Level schoolboy economics.

That is an insult to people like myself, who have an O Level in economics.

It is my understanding that the more qualified an economist becomes the more Marxist they are. The LSE is endemically infested by Marxists and Marxism.

Radical politics is the art of changing things. Nothing changes things quicker then ‘events’ such as economic busts. Nothing more hides radical change then economic booms. Hence booms and busts. It is not done just to scam the savings and wealth out of the people. It is deliberately done to increase establishment control over the entire population.

The people with the REALLY big money ( ie the establishment ) have been involving themselves in effectively running this country and much of the planet for a very long time. In the past this was known as The Roman and British Empires, it is now more commonly known as The New World Order.

If you take time to find out who exactly these people are, and what they believe, John Redwood and others may, or indeed may not be very surprised by what they find.

At university these chaps where always aristocrats and almost to a man MARXISTS, not free market capitalists, and certainly not small c conservatives. The very last thing any of them were was what most perceive as being Thatcherite. Although what Thatcherite actually did mean, is very much up for a large amount of revisionism right now.

The free market is about wealth creation and the personal retention of same, independent of the state. A freedom that is also reflected in general prosperity, real democracy, leading ultimately to true down-up liberalism.

This however never has been the ultimate plan for The British Empires so called capitalist system for which the sun is still not setting, or even become close to doing so.

The establishment only like the free market when it is COMPLETELY controlled by them, so that they can effectively carry on controlling us. They don’t need more cash, they own it all already, they need an ever growing amount of power, simply to keep them at the very top of their pyramid, and the vast majority, ( dependent on their sometimes good, but far more often extremely evil and destructive nature, ) well at the bottom of their pyramid.

They were at the top looking down in Communist Russia for the best part of 80 years, and still are. So why should they give a toss , whether they are at the top looking down, of a Communist Europe or more to the point a Fascist/Communist World?

John:

Why does the concept that, ” Boom and Bust don’t just happen under ANY repeat ANY circumstances, they are directly and systematically DESIGNED to happen.” So far beyond your imagination, to fully understand?

My O level economic strongly indicated to me at least. That in a truly FREE market, operating in a truly FREE country, which contains a truly FREE media, all backing up a truly FREE written constitution. Serious Boom and busts simply cant happen. This because the market would adjust on a second by second basis to successfully accommodate all changing social, political and economic conditions.

I contend that we have not been living in anything like a free country, or within a free market, anytime in our entire history. Nor have we had a free media to educate and therefore protect us from establishment exploitation, enabled by The BBC’s outright lies and cruel disinformation.

Therefore

We are ALL totally and completely at the mercy of our own ruling elites.

At no other time in my life has the above statement been so obviously true. It is indeed a long since been so, TRUISM.

In the past they contrived and conspired to start international and civil wars to help cement their power and vast wealth. This is a well established and documented historical fact of life that no sane historian of any description would seriously dispute.

IMO

They are still doing the same, when not also contriving and conspiring to cause apocalyptic economic boom and busts. Why should we expect the old establishments dogs of war to have come up with any new original tricks, simply because it is now 2008?

The EVIDENCE for such vast manipulation, not to say utter evil, is largely circumstantial. However there is simply such a vast amount of this highly conclusive circumstantial evidence, along with a motive, as incredibly motivating as a motive can be. That only a blind brain dead idiot, or a dishonest/brainwashed politician could not easily find and understand its full implications.

John please don’t feel obligated to reply. I already know what your answer is basically going to be. Just think about it please. We are not all as ignorant or stupidly trusting as our elected, or more accurately selected politicians often seem to be.

What do you think of the change to B of E policy as per Guido Fawkes blog?

Are they seriously planning hyperinflation? or “quantitive easing”

Reply: Please read yesterday and today’s blog

I copy below what Guido Fawkes has put on his blog…are you aware and is it as sinister as it appears?

Something Odd in the Banking Bill

Guido is suspicious about this seemingly innocuous amendment in the new Banking Bill:

Banking Bill
Part 7 — Miscellaneous

Weekly return

Section 6 of the Bank Charter Act 1844 (Bank to produce weekly account) shall cease to have effect. !!

The 1844 Banking Bill ensured transparency in the operations of the Bank of England. It has been good enough for over 164 years.The section the new Banking Bill seeks to abolish reads as follows:

And be it enacted, That an Account of the Amount of Bank of England Notes issued by the Issue Department of the Bank of England, and of Gold Coin and of Gold and Silver Bullion respectively, and of Securities in the said Issue Department, and also an Account of the Capital Stock, and the Deposits, and of the Money and Securities belonging to the said Governor and Company in the Banking Department of the Bank of England, on some Day in every Week to be fixed by the Commissioners of Stamps and Taxes, shall be transmitted by the said Governor and Company weekly to the said Commissioners in the Form prescribed in the Schedule hereto annexed marked (A.), and shall be published….

Surely it can’t be that they don’t want us to know how fast the Bank of England’s printing presses are going to be running?

Reply: Yes, of course that is sinister. Glad we can still see this info.