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Posts Tagged ‘Bailouts’

British Bank Bailout: Why It Will Fail, Offshore Havens, Rich Stealing Everything – How To Solve The Credit Crunch, And Why You Must Wake Up.

February 26th, 2009 No comments

The bank bail outs will fail for a simple reason. Their intention is to get lending flowing again. Unfortunately markets have inherent innefficiencies and one of them is the corporation. The corporation is selfish. The bail out money being used by stronger banks is being used to consolidate and expand portfolio’s whilst offloading toxic assets to the government – and ultimately you. Meanwhile neither you nor your employer are finding easier access to money. Why? Because you are a bad credit risk. The bank has been saved but you are still stuffed.

The efficient route to solve this issue would have involved two steps:

STEP 1) For the last twenty five years huge sums of wealth have moved beyond any scrutiny. The wealth of the wealthy is underestimated and the discrepancy with the poor understated. Tax havens such as Panama – where it is illegal to ask who owns a company – are used by the British Crown and all other super wealthy people and organisations. This tax avoidance has resulted in a redistribution of wealth from the rich to the poor and from the government to the corporation. This is the only reason the differential has worsened constantly and considerably and why governments are bust.

This redistribution has to be reversed. All offshore havens should be subjected to international law to reveal the ultimate owners of all assets immediately. After collating the account data, identified persons with an excess of $10 million liquid assets or greater should be subjected to a progressive taxation of liquid assets starting at 50% and rising to 99% at $100 million. This would raise a one off tax levy in the trillions of dollars. Anyone caught avoiding or aiding persons in avoiding the incorporation of their assets and income into the tax base in any way must get a mandatory 10 year gaol sentence with no luxury.

STEP 2) Redistributing this revenue by writing down all debt on a progressive basis of individuals and businesses would achieve:

a) Allowing people to stay in their homes, feel secure and participate in the economy.

b) Revalue the toxic securities immediately – even the most toxic would be almost fully paid down by the debt write off payments and restored to 100% value.

c) Restore banking confidence, support underlying asset markets including bonds, stocks and commodities.

d) Facilitate banks to lend to business in moderation.

e) Keep small, medium and large businesses in operation whilst allowing a slow re-structuring of innefficient business over time.

f) Not leave the government – and ultimately you – with huge debts.

g) Not increase the money supply leading to inflationary pressures and bubble effects.

This will not happen because the actual plan of the people making the decisions leading to government action is to enrich the banks, collapse the middle classes, tread down the poor and consolidate global power over energy, communications, food and information – through the consolidated banks.

Such an integration of industry and government is called national socialism, or fascism. It is a dangerous beast. Especially when the public government is merely a puppet of the real government, which is the case unless you live in one of a very few places on Earth.

The way out is to take sovereignty over your life. Learn to meditate, centre yourself, then take right action. Reduce spending, pay debts, then whilst stocks remain on shelves buy those things you can grow, eat, barter or use to survive and defend yourslef if the system is deliberately collapsed in order to fully wrench all semblance of freedom from your life.

Liberty will prevail and tyrrany will fall because they are few and we are multitude. Wake up.

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Peter Schiff: Why Are Bankers And Brokers Getting Bonuses?

January 23rd, 2009 No comments

Bankrupt companies paying bonuses to the guys who bankrupted them, using government bail out money. Do you dig it?

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Director Of Bank Of England Says, “Banking was conceived in iniquity and was born in sin”.

January 11th, 2009 No comments

You might think I’m telling you old news here, and I am. This is about a man who died 68 years ago. What has it got to do with today? This man understood exactly how bankers use creation of false credit and then financial busts or “credit crunches” to steal from the public and line their pockets for total control.

One five sentence quote sums up the problems with banking, the thieving nature of the very basis of debt-banking, the position we find ourselves facing today, the solution and, the fact that massive accumulated wealth in the hands of a few is a bad thing.

Josiah Charles Stamp, the 1st Baron Stamp was born on June 21, 1880 and died during the Blitz of London in World war two. He was a director of the Bank of England and the second richest man in the country when in a talk at the University of Texas in the 1920’s he said the following:

Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money .

Now there is an honest and honourable man: Wishing for the demise of his own great fortune because he saw the reality of the situation in which we find ourselves.

His fortune was quite diminished by the events of his death. His eldest son Wilfred died in the same house, hit by the same bomb at the same time. Under English law (at the time – I do not know if this has changed) there was a legal fiction that where the order of deaths of parties can not be established, the eldest is assumed to have died first.

Perhaps because of Stamp’s clear insight into the nature of the abyss into which society was headed his death and inheritence were treated unfairly. Despite the obvious fact that both Stamp and his son died simultaneously, it was determined that Stamp had died before his eldest son, who therefore inherited his title and wealth (albeit very briefly and not that he got a chance to enjoy it).

This meant that the already dead Wilfred paid death duties on the estate, then the estate and title were inherited immediately from Wilfred by his younger brother Trevor. Trevor Stamp also had to pay death duties and thus Stamp’s fortune and the power of his descendants was quite disrupted by this inequitable behaviour. Perhaps after the things he said it was decided this would be a good way of demoralising his remaining offspring and putting limits on them.

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Ron Paul Tells It Like It Is.

January 9th, 2009 No comments

Congressman Ron Paul on why the bailouts will not work.

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