The UK taxpayer owns about 84% of RBS. We didn’t ask to own it we had that money forcibly taken from us. That 84 % is around 90.6 billion shares. We paid about 50 pence per share for them, meaning you and I had around £45 billion of our wealth expropriated for the sake of …
Our European leadership, the Eurobureau, is worried that the debt crisis ‘might’ spread from the nations they like to call peripheral, to those regarded as central – France, Spain, Italy and Germany. Please file that one under ‘No Shit Sherlock.’ Who would have guessed? But while attention is finally, months too late, finally focused on …
Two days of accelerating global sell off and the learned fools are once again falling over themselves to give us the benefit of their wisdom. I heard a BBC Radio Four interview with one monumental tool, Jonathan Portes, who is the Director of an independent think tank called the National Institute of Social and Economic Research. Which …
The financial propaganda war – summer ’11 offensive Read More »
So the ignoble wrangling over the American debt ceiling is over. An agreement is reached and the market reaction was to promptly sell everything. The Dow fell 2.19, the Nasdaq fell 2.75 and the S&P fell 2.56. So that’s what ‘victory’ over the debt ceiling looks like. Both sides were after all claiming a victory …
Fanfare of Failure – American debts and European contagion Read More »
The first casualty of war is the truth. The second – in our present war, the war of the financial elite and banks against nations and their citizens – seems to be the rule of law The robo signing scandal in America is like an efflorescence of fungus covering and rotting civil trust and accountability …
Guest Post – WhistleblowerIRL – The Show Must Go On. Read More »
