Pyramid Comment: Banking Panic - The Plan (Arrival)

Ultimate Aim (UK): Nationalisation by Stealth

There at last: the end of the beginning has been achieved so that the Next Phase can at last commence. Then taxpayers around the globe can continue to feed the parasite, but in earnest. The parasite thrives, but the host continues in its death throes (violent pangs of suffering). The government officially nationalises the failed bank - Northern Rock. The failed bank that needed 'rescuing' has assets of over £100bn yet has managed to secure a taxpayer underwriting of an equal amount. And it is still trading as though nothing has happened. Just the massive debt to be paid for by the taxpayer for evermore. The interest (virtual money) on this 'loan' is absolutely disgusting. To be saddled with debt to rescue a bank that should have drowned. Even taking on the borrowings for the existing mortgagees would have been a more sensible way of handling this. The government would then simply have become the 'banker'. But governments are in the business of spending money not 'making' it and are as inept as Northern Rock when it comes to managing debt. It could be that the establishment (Sir) figure of Branson was the required smokescreeen. Who really would consider putting up £10bn or more to take on a dead duck. Even an apparently 'struggling' lender of money that it does not have. Successful businessmen do not behave in that manner. And where was the Financial Services Authority (FSA) while this was happening (for the last 40 years).

But it's only temporary!

Temporary can be a long and very indefinite time. Governments disappear and memories fade. It'll be 'forgotten' or at least overlooked or deliberately ignored until it's 'remembered'. But it'll be history then. And inflation could well be officially around 2% (still). Everything will look rosy (still). Draw the curtains across a mess and the mess appears to go away even though it's there (still). Out of sight and out of mind. The UQ (aka UK) is (still) bankrupt and always will be. But like banks, countries NEVER officially go under. Like the 'firm' of royalty. It is propped up and funded by the taxpayer - AGAIN - and the lie is promoted that this royal family 'firm' represents good value. The best value possible is ifitjust ceased to exist. Like the so-called 'aristocracy". The country is in a disastrous mess because wealth continues to be removed from those who really 'create' the illusion. Those who actually work and pay their taxes. Meltdown continues to heat up. It's so cynical, it's completely beyond contempt. Only when Gordon Brown was promoted to prime minister could it have happened. The ex chancellor being bailed out of the disaster. Interesting that the amounts of his raids and the underwriting are almost identical. This transfers and hides the £100bn raid and then doubles the amount by creating a new debt. And it has cost government nothing. It's how money is 'created'.

Banking Panic - The Plan (Prelude)
Banking Panic - The Plan (1)
Banking Panic - The Plan (2)
Banking Panic - The Plan (3)
Banking Panic - The Plan (4)
Banking Panic - The Plan (5)
Banking Panic - The Plan (6)
Banking Panic - The Plan (7)
Banking Panic - The Plan (8)
Banking Panic - The Plan (9)
Banking Panic - The Plan (10)
Banking Panic - The Plan (Nearly There)
Banking Panic - The Plan (The Next Phase)
Banking Panic - The Plan (11)
Banking Panic - The Plan (12)
Banking Panic - The Plan (13)
Banking Panic - The Plan (Exit)
Banking Panic - The Plan (1st Encore)
Banking Panic - The Plan (2nd Encore)
Banking Panic - The Plan (3rd Encore)
Banking Panic - The Circus

Pyramid Comment

Monday, February 18, 2008

Banking Panic - The Plan (Arrival)

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