“Bernanke is the most dangerous man to hold high financial office in the history of the United States.”
Former Reagan Budget Director David Stockman was out with a blockbuster op-ed in the New York Times over the weekend (State-Wrecked: The Corruption of Capitalism in America). He found time also to be interviewed on Fox. He pretty much nails the Fed’s pumping of the NYSE bubble and the phony economy -
This was so obvious any idiot could have seen it coming.
Bank accounts in Greece, Spain and Portugal could be raided as part of efforts to shore up the Euro, a senior Eurozone figure has suggested.
Jeroen Dijsselbloem, Dutch Finance Minister, who heads the Eurogroup of eurozone finance ministers, suggested that today’s deal to save Cyprus could be a template for future eurozone rescue packages.
Don’t relax if you’re not in Greece, Spain or Portugal. It could happen anywhere. The only way to protect your savings anywhere in the eurozone is to take physical control of them, which you do not have with a bank account. Take your money out of the banking system immediately. Think about safekeeping later. Just take control now.
Cypriots should become Austrian. The banks were supposed to open today, but now the’re scheduled to open on Tuesday. The obvious question is: which Tuesday? In the meantime the government/banking nexus continues to thieve depositor’s money. As usual, Lew Rockwell, Chairman of the Ludwig von Mises Institute, cuts to the quick -
In short, The government will to commit £3.5 billion large over the next three years to “shared equity loans”. The loans will be up to 20% of the value of a new-build home. The government will also offer mortgage guarantees to lenders to help them provide more loans. Guarantees will be sufficient to support £130billion of mortgages. Osborne says. “These guaranteed mortgages will be available to all homeowners, subject to the usual checks on responsible lending.”
Gosh, it seems like just yesterday that Iraq was about to bomb us in 45 minutes, and that the finest minds in Washington and London thought that an appropriatre response to 9/11 was to unleash a catastrophe on a Gulf country beginning with “I”. I bet they won’t do that again! So how do we reflect on the last ten years? What have we learned? How humble have we become and how wary are we now of unthinkingly accepting government/intelligence reports about the bogeyman who’s about to get us?
The Treasury will give £1200 of our dosh to working mothers. Stay-at-home mothers “are less deserving of state help” and can sod off. You want the money? Go make some taxes for the state first. Then give the £1200 to a child carer, who’ll be lifted of tax loot just like you.
Responding to a discussion about the impracticality of regulating sites based abroad, Mosley suggested that the British public could be banned from seeing such sites, if they routinely break British codes of conduct or publish falsehoods.
“Of course in the worst case you can, figuratively speaking, cut the wire. An order of the English court is enforceable in England. Of course nobody wants to do that,” he said.
He added: “But don’t pretend it’s not practical, because it is.”
Mosley, the son of British Union of Fascists leader Sir Oswald Mosley, can sod right off. Sites hosted abroad cannot, by definition, break British codes of conduct because they’re not subject to British codes of conduct. One day is all it took and the mega-shady shysters of the Hacked Off campaign are already calling for more.
Can we all please stop demanding more laws and more regulations now?! In demanding ever more laws to regulate everyone else, society has fed a beast which restricts everyone’s liberties in ever more ways. If just one website were somehow made inaccessible, in no time at all the list will grow to hundreds and then thousands of them.
Please, everyone, stop demanding more laws to curtail the things you don’t like.
Thanks to you, the Parliamentary criminals who brought us the expenses scandal have agreed to regulate the press. They’re not alone. Millionaire actors famous for crap films and getting noshed off by $50 tarts are in full support. I’m sure it’s to protect the little person.
Here’s Eric Joyce MP, last night, under a pile of coppers in Parliament. It’s not the first time booze has got him into trouble there. (BBC story here.)
When this happens on the High Street half of Parliament stampedes for the nearest microphone to call for higher booze prices. How many MPs today are demanding the end of cheap, subsidised booze in Parliament? Crickets …
It seems difficult to argue with that. Loretta Butterworth’s boyfriend was already on probation when he battered her (see thumbnail). For this, and assaulting two police officers, you’d have thought he’d have been straight inside. You’d have reckoned without a criminal justice system which long ago abandoned any ambition of justice. He was given a “community order” because, in the words of the presiding magistrate, “prison would be the easy option”.
You do not defeat terrorism by rewarding terrorists, regardless of how many bleeding heart liberals argue otherwise. Want to know where that flawed approach leads to? Read UNIONISM DECAYED 1997-2007 - It's my first book and it explains what happens when you seeek to appease terrorists and call it peace. It's available right now for ATW readers so make sure you get your copy by emailing the editor! This is the book that dissents from the herd mentality that doing wrong can lead to being right. It doesn't and this book spells out WHY.
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