Whose Money?

  

 

       Since the start of this pandemic, I have always stated that it was an ideal opportunity for the state to re-capitalise the failing capitalist economic system. Since the beginning of the Covid19 affair, the various states across the world have poured trillions of dollars/pounds etc into the coffers of the corporate beast that is destroying the planet. Before the pandemic, all the indicators were that capitalism was in dire straights, and was heading for a colossal slump, unless they could re-capitalise it to a massive scale. The bailout needed would dwarf the 2008 taxpayers handout to the financial mafia, and we all know the years of austerity that little exercise cost the ordinary people. Glory hallelujah, along comes Mr Covid, and the propaganda machine convinces us all that we have to save the economy, to save your jobs of course, nothing to do with corporate profits etc. Open the flood gates flood the corporate world with all sorts of grants, special funding and lots of dodgy contracts. Where will all that money end up, and who will pick up the tab when the financial mafia send the debt collectors to various states to demand their loaned loot back? Why, you and I of course will be expected to foot the bill, by then the billionaire class will have salted their share away in some nice little tax haven.
        We continually pay for the privileges and welfare of the richest people on the planet by our poverty, crap wages, poor working conditions, lousy living conditions, broken education system and inadequate health and social welfare systems. This time round most have not only willing accepted this but have asked and encouraged the state to do so, to protect the economy and "our jobs" of course. What a wonderful state of affairs for the pampered, privileged parasite class, no doubt they'll all sit back with a smug look of satisfaction, for once again they have shafted the general public, plundered the public purse, and got away with it. For how much longer will we tolerate this two fingers to the people.

 

       The total net worth of the nation’s 651 billionaires rose from $2.95 trillion on March 18—the rough start of the pandemic shutdowns—to $4.01 trillion on Dec. 7, a leap of 36%, based on Forbes billionaires, according to a new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS). By around March 18 most federal and state economic restrictions in response to the virus were in place. Combined, just the top 10 billionaires are now worth more than $1 trillion.

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Screw You.

        So now the wee hints are being dropped, with the Chancellor stating that hard times are ahead, suggesting a freeze on public sector wages, the inevitable cut to services and an increase in taxes, he did however, say that there would be no return to "austerity". Though in my book if it looks like austerity, smells like austerity and hurts the general public like austerity, then it is austerity. Having handed the large corporations and their business buddies, billions of pounds in handouts, and handed out lucrative health related contracts to non-health business pals, they now turn round and tell you and I, that we are the ones who will have to pay back all that money to the money lenders of the financial Mafia, apparently it is "our" debt. You have to hand it to them for their blatant two fingers to the public, while announcing these pictures of a brutal future of wage freezes, increase taxes for us, he has just announced the largest increase in military spending since the cold war. They know whose side their on, do we?

      Their sacred economy is all that matters, big business corporations must be rescued and protected come what may, as for small businesses, they can go to hell in a handcart and the public can go with them. Welcome to state/corporate fascism.

Thanks Loam for the link: Sick Britain's Orwellian Dystopia.

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Give Us Yir Money!!!

         What a fantastic con the EU financial Mafia have come up with this time. To save the busted banks in Cyprus from going belly-up and their shareholders losing out, they have decided to take a 6% to 10% slice off the customers money held in the banks and in return give the customer that amount of shares in a busted bank. Can you imagine say Tesco going bust, and to try and save it, the company slapped a 6% to 10% charge on your grocery bill to help to save the company and its shareholders? The banks are private companies with greedy shareholders, nothing more and nothing less. The financial Mafia rule, they do and say what they want and governments jump through the hoops. But it is you and I that suffer, OK, this is Cyprus, but what makes you think that if they can get away with it there, they wont see it as an excellent method of greater plunder of the public purse elsewhere. A wee trial run in a wee country to test the water? As well as getting your money via the government, they can go straight to your bank account. It saves all that delay and bureaucracy of tax collecting.

      Take a look around you, your standard of living is in rapid decline, yet  public money is flowing like a river in spate, into the coffers of the billionaire cabal that go to make up the Financial Mafia, why? Well simply to save them from losing out, they don't want to mark-down their ill-gotten wealth, so they will make good their loses from you and I. We are there to make sure that the pampered army of parasites are kept in the lap of luxury. Ah, capitalism, it's a wonderful system, if you're a leech, or a parasite, but not much cop if your just an ordinary citizen trying to get on with your life. Well, you know the answer to that, change the system. You are many, they are few----.

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THE MASKING OF DEPRIVATION.

        While the media was spewing out images of everybody having a great time over the last week or so, we should remember that nothing has changed, austerity is still the plan. With fireworks, tinsel and an array of nicely wrapped boxes, it is easy to forget the misery inflicted the poor on a daily basis by this austerity and it is still there. Christmas has done nothing for the people of Greece who are still being rapidly pushed down the slope to the pit of deprivation. The media would have you think otherwise, with glowing reports of how the financial Mafia have agreed the terms for the next slice of bailout. Which in fact will never go anywhere near the ordinary people of Greece, it is merely to help out the Greek banksters. Just remember, Greece's today is our tomorrow, unless, of course, we change the system.

This from LibCom:

      As more loans have been released to the Greek state a combination of recent surveys and reports show the true effects of years of austerity. There has been across the board reductions in conditions and living standards for large parts of the Greek population.
       The political and financial worlds have been feeling pretty pleased with themselves recently. The next instalment of loans to the Greek state have been released and the country's credit rating has even improved. The Prime Minister and his government tell us that this means Greece is on the road to recovery. The government and it's international lenders have saved Greece, just in time for Christmas.
In contrast to the official optimism(or delusion) a recent round of reports and surveys shows that the situation is in fact getting worse. Unemployment, corruption, suicide and homeless rates continue to rise as living standards and wages fall.
      The latest unemployment rate is around 26% and is expected to rise further still. 26% of the Greek working population comes to over one million people without work. In addition to this it's also possible that up to 500,000 more are unemployed but not included in official statistics. As the economy is expected to contract further in 2013 we should expect this rate to keep rising.

Read the full article HERE:

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LIVING OUTSIDE THE SYSTEM.

      The only news we get about Greece from that babbling brook of bullshit, our mainstream media, is about the bailout, will they get it, won't they get it, have they done enough to get it. Have they sorted out their lazy workers and cut their wages and pensions enough to merit the European financial Mafia giving the Greek banks more cash, with which to pay back the European financial Mafia?? Very little or nothing appears about how this game of shuffling imaginary money around affects the ordinary people of Greece. Poverty, deprivation, massive unemployment, especially among the young, increase alcoholism, drug addiction, suicides, mental health problems, homelessness and broken families.      

     However, as always the ingenuity and imagination of the ordinary people in the face of adversity, comes up with solutions. Let's hope that they will continue this imaginative alternative and organise it to its rightful conclusion and bring about the collapse of the stinking system responsible for all their ills.

This from Red Pepper:

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    Greeks queue to buy cheap sacks of potatoes sold directly by farmers at cost price in the northern town of Thessaloniki. Farmers in northern Greece have joined forces with local residents to provide cheap produce for the people. Photo: Alexandros Michailidis

    The first problem is that in Greece now we have 25 per cent unemployment, with youth unemployment reaching 58 per cent and unemployment in areas that used to be highly industrialised sometimes reaching 70-80 per cent. Many industries either close because we have very low consumption or, as in the case of the big multinationals like Coca-Cola, they are leaving.
     Around 170,000 small companies have closed in the past three years. It is almost impossible to set up a new company today in Greece because you can’t get the finance. The banks are taking 80 per cent of the money that Greece is getting from the EU and IMF. But they are not lending a euro to the people.
     Unemployment benefit only lasts for one year, and then you get nothing to survive on – only help from friends and family, from social networks and working for very little in the black economy. The problem up to now hasn’t been as severe as it could have been because of very strong family and friendship networks – if someone had difficulty in paying bills, for example, others would support them. But it isn’t possible to sustain this kind of support indefinitely.

Read the full article HERE:

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STRANGLE THE BEAST.

      Why is the Greek government pushing for more austerity measures when the people of Greece have already seen their living standard devastated and poverty, and deprivation swamps the country? Will the bailout that it gets after inflicting even more misery and hardship on the people of Greece, go to the Greek people to help them? The answer is of course a resounding NO. The money will go back to the financial Mafia, to the bond markets and to the banksters. So to my simple logic, the only reason for the bailout is that if the Greek government doesn't get a bailout, the banksters will suffer as well as the people, with the bailout only the people suffer. It seems however that the people of Crete have decided to strangle the beast that devours their living standards.

This from The Greek Streets:

Heraklion, Crete: as the Parliament in Athens votes in further austerity cuts, a city shows the way forward for the struggle

Wednesday, November 7, 2012

At the same time that in Athens the new measures were voted in parliament and the protest outside was hit by repression and rain, some remarkable events in Heraklion, Crete show how the struggle against the memorandums can be intensified. At tonight’s demo in the city, more than 10,000 people took part – including an anarchist block of approximately 800.

The even more astonishing events took place after the demo though, where a mass Popular Assembly decided the following:

• To block off the city’s economic activity (not on a symbolic level) by blocking off tax offices and the bank of greece at 7 AM on Thursday.
• Meanwhile, the Labor Union of Heraklion called for another 24h strike tomorrow, to facilitate workers’ participation in the blockade. The strike was called following the pressure of anarchists and leftists present at the Popular Assembly.
• The occupation of the administrative building of the Periphery of Crete (the administrative HQ for the entire island) continues.
• Finally, the Assembly will produce a call-out for workers and unemployed across the country to take similar action.

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EUROPEAN FINANCIAL MAFIA'S SCAM.

       The fraudulent nature of the European financial Mafia becomes more blatant day by day. The latest scam they have performed is the Spanish fiasco. Spain stated that it didn't need a bailout, but its banks did need about £80+ billion and suggested to the European financial Mafia that they lend that amount directly to the Spanish banking system. However the gamblers at the helm of the financial mafia wouldn't entertain that at any cost. The reason being that if the Spanish banks went bust, they would lose their money. So their policy was to coerce the Spanish government into taking the £80+ billion and for them to hand it over to the Spanish banks. This would mean that if the Spanish banks go bust, then the European financial Mafia still get their money as it is the Spanish government that owes them, so the taxpayers will have to come up with the £80+ billion and this will be done by more “austerity” cuts.

         The double edge to the financial Mafia's sword is the fact that they have forced this £80+ billion loan onto the Spanish government means that Spain is now considered to be too heavy in debt and will have to pay an unsustainable interest rate to borrow, forcing it to seek a bailout and with that will come all the restriction and conditions that put the Greek people into a state of deprivation. 

"When we gamble, you wouldn't want us to lose, would you?"

        What ever happens, whether it be the destruction of the living standards of an entire nation, or pushing half the European people into deprivation, is of no consequence as long as the financial Mafia don't lose any of their money. Capitalism, how to screw the many for the benefit of the few.

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FOR SALE -- GREECE, COMES WITH CHEAP LABOUR.

        Yippee, hooray, problem solved, the corporate fascist in charge of Europe have given Greece the much discussed bailout. Now we can all go back to watching the football, well if only. What the bailout will mean for the Greek people is deeper cuts in wages, pensions, social care, education and health, more redundancies, more taxes and a quicker and bigger sell off of Greece's public assets, at bargain prices of course. Not only that, but the Greek government will have the corporate financial Mafia sitting in the various Greek ministries in Athens looking over the shoulders of the Greek officials to see that they do what the corporate fascists demand. What was that they said about European democracy??

          This generous offer by the kind hearted compassionate financial Mafia of a bailout of $170 billion to the “Greek people” is somewhat rather devious and not what most people envisage. What is not widely discussed is where will this huge sum of money go??

          The vast majority of the cash will go to finance the bond swap. This allows the Greek bankers to put a wee smile on their faces. Approximately $40 billion will go as “sweeteners” to get the private sector of the financial Mafia to sign up to the deal, a further $30 billion will go to recapitalise the Greek banks. Then there will be a further $46 billion to allow Greece to finance the buying back of bonds, more money for the financial Mafia. A large slice will disappear in expenses in carrying out this grand plan and what is left might find its way into the Greek economy, but I wouldn't hold my breath. With this master plan in place the Greek people can look forward to a decade or two of deprivation on a scale never seen in Europe since the end of the second world war.

         The whole system stinks, the people are debt serfs and it is not their debt. Not until we get rid of the system of profit before people will this change. There is no such beast as caring compassionate capitalism, it can't be modified it has to be dismantled, we have to start from a different basis. Only when we start to build a society based on the needs of the people will this nightmare of injustice and deprivation end. Only when we throw the parasites of the financial Mafia off our backs, can we hope to create a fair and just society based on needs and sustainability.

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JUST A WEE THOUGHT!!

           

   

           Just a wee thought. The American taxpayer bailed out the American financial sector to the tune of $700 billion, that's a lot of money. What can you do with $700 billion. Well for starters, you could fund the two illegal wars in Afghanistan and Iraq, well almost, the total cost so far, to the American tax payers for these to brutal and inhumane wars is a staggering $750 billion, so you would need some more taxpayers petty cash. Or you could go a long way to sorting out the 850 million human beings who are starving in this world. Perhaps we could fix the 2.6 billion people who lack sewage services. Then of course there are those 800 million illiterate in the world, what would $700 billion do for that problem? Then in a loving way, we could sort out the problem of the 640 million children who lack adequate housing. The list could go on and on, there is so much we can do in this world to alleviate deprivation and suffering. If we add up the bail-outs across the developed world and threw it at the problems facing the deprived, what a wonderful change there would be, but no, we prefer to throw it at the bankers and the bond market, to try to unsure that they don't lose any of their billions that they have salted away. That's democracy for you!!

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ROB THE POOR TO HELP THE RICH???

      

    Referring to the UK's £7 billion loan to Ireland, George Osborne said, Britain is just helping its closest neighbour in Dublin's hour of need. What a load of crap, this is just another example of the millionaires club helping out their friends in the banking casinos with another bucketful of tax payers money. British banks are heavily involved with the Irish banks, after all you don't think the British mobsters would miss out on a property bubble so close to home. There was a greed feast going on in Irish property so the British banks wanted a slice of the action. Now the bubble has burst and if the Irish banks collapse the British banks get hammered, running to the rescue, well being dragged to the rescue, is the British tax payer. We as tax payers seem to have bottomless pockets when it comes to helping banksters in distress but are broke when it comes to helping our own people with social services. Ever since the millionaire twins took over the Westminster House of Hypocrisy and Corruption they have been drowning us in a chorus of we can't afford anything, it is austerity cuts here, there and everywhere. We point at this need and that need and are told that our debt is far too high we have to tighten our belts. Their bankster friends get nervous about losing some of their ill gotten gains and in comes the suitcases filled with cash, all £7 billion worth without the blink of an eye.

       What a system they have, tax the people, let the bank casinos gamble like crazy making pots of cash for them and their friends. Then when the odds swing against the gamblers, gather up all that tax money and hand it to their friends the gamblers. Is there anybody out there that doesn't see this as all out class war, or worse, still believes that this system has anything to do with the benefit the ordinary? When do we get wise and set about organising society to benefit the ordinary people, creating a society that sees to the needs of all our people rather than supporting a system that is screwing the ordinary people to the deck to help out very rich millionaire parasites. They need us to maintain their life of pampered privileges, we don't need them for anything at all. Let's stuff them and their gambling system in the dustbin of history.

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