http://www.youtube.com/results?search_type=&search_query=the+federal+reserve+private+company

But the speech made by Daniel Hannan was masterful – like a boxer finishing off the guy on the ropes.

Over a MILLION hits on YouTube now for his speech. ZanuLabour seem to have an iron grip on the BBC and Channel 4. Great to see that the internet is slowly but surely making them redundant.

I think the message from the Opposition should be kept simple and endlessly repeated – like Brown’s nonsensical ‘do nothing’ jibes at you.

“Brown has led this country into disaster – and with ever action he takes – he is making it worse.”

This is a pretty safe bet as a message because things are going to get worse.

Brown and his cabal spout ‘global problem – global solution – tories would do nothing’ all the time.

It’s time his record was properly rubbished – all the time – in the same way that Daniel Hannan did in Strasbourg.

Reply: Yes, I too admire Daniel’s speech. To show others of us also make strong speeches about the current mess, I am going to put a video version of my last Commons speech on the economy on here, to supplement the text, to see if that appeases you!

“If the Private Banks have a monopoly on printing money”
They don’t. Only the Bank of England can create money; private banks cannot do so.

Please go and study the diference between Fractional Reserve Ratios and Capital Adequacy Ratios.

The USA, Japan, the UK are already at it from what I understand and it looks like the EU and the Swiss might join in.

What you’re saying is that the UK should default on it’s debts. These debts are not all held by ‘international banksters’ Adrian. The norm is that when you approach 5 years away from retirement your pension fund move your life savings into government bonds.

You are suggesting robbing millions of 60 year old working class people for just about everything they have and if you can’t understand these simple facts rather than just spout your conspiracy theories then I feel very sorry for you.

Mind you, I guess printing money could be seen as the same thing if the intention is to create an inflationary cycle in order to help governments, businesses and consumers deleverage.

Is it any wonder the Chinese are calling for a new reserve currency? Perhaps they could use it to store peoples pension pots as they approach retirement to keep it safe from desperate governments.

PS I do hope that his enormous (and utterly justified) success has not gone to young Mr Hannan’s head.

Until now I’ve though Cameron’s waiting game was spot on – but the mess Brown is getting us into now with his incessant borrowing has to be opposed.

In 2003 Vince Cable warned Brown about the state of the nation’s finances – in particular the growth in personal debt. Brown laughed in his face and told him he knew more about running the country’s finances than Cable.

To take Daniel Hannan’s analogy further, I can see Brown standing on deck, saluting with that awful smile on his face, as the ship finally sinks below the waves as the burden of debt finally makes the ship too heavy.

Is Daniel Hannan the ONLY person who is going to point out the Emperor has no clothes on?

Reply: What do you think I have been doing for the last year in the Commons? And haven’t you noticed David Cameron’s strong questions on debt and disaster, and the Opposition day debate on this topic last week?

If Govt Borrows £100 Billion, it has to pay back £100 Billion PLUS INTEREST, If the Private Banks have a monopoly on printing money ( out of thin air ), where does the Money come from to pay back this debt plus the Interest.

It can only come from Borrowing more money, this is why Govt Debt can never be repaid, it can only increase ( just as it has done ) and why unbacked fiat currencies must Always spiral into oblivion, just like we see happening now.

There is a solution, simply tell the International Banksters they conjured their money out of fractional reserve thin air, all we owe them is for the paper it’s printed on, Give them £1 Million and tell them to keep the change.

Debt paid off. Sorted.

Of course when you tell them this you should have a squad of SAS with you, unless you want to end up like JFK did, five months after signing Executive order 11110 ordereing the US Treasury to begin issuing its own currency, free of charge rather than Borrow it from the PRIVATE Federal reserve.

The next election will give us all a choice between Nu Labour and Blue Labour, plain and simple.

BTW. I have today received spam telling me I can now invest in the spread between US bank debt which is guaranteed by the US government; and, the debt which is not guaranteed by Uncle Sam. I apparently will make a bundle when the banks recover, as the spread between the toxic and the non-toxic will disappear.

I applaud your last paragraph, the markets always find ways to rescue themselves. When governments interfere, it is near impossible for markets to assess the risk. Everyone stashes the cash and raises the risk premium on everything and waits for the next political shoe to drop.

Several BBC journalists rather reminded me of Bertram Scudder

Like Daniel Hannan, Conservative MEP did in Strasbourg the other day.

http://www.youtube.com/watch?v=94lW6Y4tBXs

He takes Brown apart in this speech – and Brown had to sit there and take it – grinning like a fool as his record and his current performance was savaged.

Why can’t David Cameron do this?

Reply: 4.25%

The FSA and the GAD have no monopoly on the rightness of ideas. The free marker positive feedback system with lots of agents trying innovations and ideas is much more likely to get it right than a section of the FSA’s 2200 apparathiks.