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Friday 21 October 2011

Verity Murphy | 15:20 UK time, Friday, 21 October 2011

Eurozone finance ministers are meeting in an attempt to overcome differences over how to strengthen a bailout fund, which is key to preventing the currency union's debt troubles from spinning out of control.

Tonight Paul Mason and Joe Lynam will be reporting on whether they are likely to succeed. We will also be assessing how workable the solutions on the table are and what are the stumbling blocks.

Iain Watson reports on Monday's parliamentary motion calling for a referendum to be held on UK membership of the EU.

The three big parties at Westminster have told their MPs to vote against it, but will the numbers of supporters of the plan still put the government in a tight corner?

And we will be looking at the closure of St Paul's - forced to close to visitors for the first time since World War II because of the Occupy London protest camp outside.

Comments

  • Comment number 1.

    "Iain Watson reports on Monday's parliamentary motion calling for a referendum to be held on UK membership of the EU.

    The three big parties at Westminster have told their MPs to vote against it, but will the numbers of supporters of the plan still put the government in a tight corner?"

    -------------------------

    Bilderberg Dave has to toe the libertarian line now he’s in ‘power’…and that means keeping us in Europe at any (every?) cost.


    David Cameron: We need a referendum now
    https://www.youtube.com/watch?v=veRsC44HPXE&w=400&h=315


    U turn if U want to Dave!

  • Comment number 2.

    The excellent Paul Mason will no doubt thrash around the economics of it but irrespective of that, it is totemic for the EU that nobody leaves the euro.

    It is not quite the same thing, but could you even remotely conceive of any US State leaving the dollar, especially in the early days of the USA.

    Thought not - and it'll be the same in the EU.

  • Comment number 3.

    FIDDLING WHILE PARLIAMENT SPURNS

    How many law-breaking MPs does it take to sink a parliament?

    https://spoilpartygames.blogspot.com/2011/10/when-is-mp-not-mp-and-vulnerable.html

    A hard look at Liam Fox, against a background of 'honourable' misdemeanour, SHOULD alert anyone, with some experience of life, to the Westminster Malaise.

    The 650 are pre-selected by parties, not for their life-competence, but for their Westminster Creatureness. We are stuck until we

    MAKE PARTIES ANSWER TO LAW - DISMANTLE WESTMINSTER - INSTALL INTEGRITY

  • Comment number 4.

    HOIST WITH HIS OWN RETARD (#1)

    You get the tar, I'll get the feathers.

    In passing: one for NewsyNighty. Let's have the psychology of 'self questioning' (as over-used by Dave in the clip) explained by someone who knows.

    Why do I ask that? I ask because it needed asking.

  • Comment number 5.

    'The three big parties at Westminster have told their MPs to vote against it'

    So... when I tasked my MP for his views prior to handing him my proxy, it was so he got told what to do by other folk? This voting lark seems a smidge redundant. As will he be next round if he does what he's told vs. the deal we agreed.

    Rather puts the local representation aspect of democratic process in focus.

  • Comment number 6.

    IS THE EURO THE 'MOSQUE' OF THE EU RELIGION? TOEMIC INDEED (#2)

    Once put in place . . .

    Nuff sed

  • Comment number 7.

    The real reason why St Pauls has closed.

    St Pauls Trustees:

    Chairman
    Sir John Stuttard PWC partner, Former Lord Mayor of London.

    Trustees

    Dame Helen Alexander DBE Deputy chair of the CBI, director of Centrica plc

    Lord Blair of Boughton Former Metropolitan Police Commissioner

    Roger Gifford Investment banker, big in City of London

    John Harvey – Not clearly identified

    Joyce Hytner OBE – Theatre director

    Gavin Ralston Global Head of Product and leading international asset manager at Schroder Investment Management

    Carol Sergeant CBE – Chief Risk Director at Lloyds TSB, formerly Managing Director for Regulatory Process and Risk at the FSA

    John Spence OBE – Former Managing Director, Business Banking, LloydsTSB


    The money changers are most definitely in the temple again.

  • Comment number 8.

    Those who subscribe to the Corporate Nazi ( socialism for corporate multinational business and raw capitalism for the rest of the population ) ideology would appear to have great faith in collective EU leaders supporting a further increment in the welfare state for the Banks and their stock market parasites. The speculators are having a field day, oil prices up again so just the excuse they need to continue the asset stripping of our economy, with the added bonus of energy policy here in the UK.

  • Comment number 9.

    @7 - I hope the protesters stay there 'til the Lord Mayor's Show on November 12th!

    Considering the problems the City has caused the rest of us, they really shouldn't be celebrating their existence! Or perhaps there could be a float showing bankers in prison uniform?

  • Comment number 10.

    REVELATIONS (#7)

    How's the Temple Veil doing Jericoa?

  • Comment number 11.

  • Comment number 12.

  • Comment number 13.

    2.At 17:52 21st Oct 2011, JohnConstable wrote:
    The excellent Paul Mason will no doubt thrash around the economics of it but irrespective of that, it is totemic for the EU that nobody leaves the euro.

    It is not quite the same thing, but could you even remotely conceive of any US State leaving the dollar, especially in the early days of the USA.

    Thought not - and it'll be the same in the EU.

    >

    In those early days of the USA, the six states that declared Independence used something very primitive to sort their money as called 'double entry accounting'.

    No one had to leave the Union because the accounts were trustworthy?

  • Comment number 14.

    All of the IMF/EU/ECB (Wall Street/Washington) "austerity measures"
    appear to have at least two functionally related consequences:-

    1) The asset-stripping of the Public Sectors of European nation states.
    2) Further deregulation of Private and Third Sectors across these nation states.

    The Greeks have reacted to what is going on here describing it as corporatism/fascism. The rest of Europe has not seen it this way yet.

    To see some of it happing here, note how the utility companies now befuddle, threaten and bully in order to get money out of consumers.

    This is what one expects under right wing corporatism i.e "fascism".

    When there is less and less state regulation, there is less and less consumer protection. What one sees under attack in Greece is their Public Sector. Their regulators. Some find this hard to grasp as they think the state is the oppressor. It is not, it is the unregulated private and Third Sectors which exploit, and thus oppress, people as defenceless consumers. To see this just think of elderly people.

  • Comment number 15.

    @5 Junkk - Alas 'twas ever thus!

    "When in that House M.P.s divide,
    If they've a brain and cerebellum, too,
    They've got to leave that brain outside,
    And vote just as their leaders tell 'em to.
    But then the prospect of a lot
    Of dull M. P.s in close proximity,
    All thinking for themselves, is what
    No man can face with equanimity.

    W S Gilbert - Iolanthe - 1882

    I had a good MP once, but after he became a PPS, he was no longer loyal to his constituents, but to the executive. He also renaged on a number of things he's said during the selection process.

    We need a recall mechanism.

  • Comment number 16.

  • Comment number 17.

    @16 Powerful stuff!

  • Comment number 18.

    MALE EARTH (#16)

    Hunter-gatherers, with stereotypical gender roles, division of labour and no settlements, neither polluted, despoiled, nor exhausted Mother Earth. They revered The Feminine. But we are the Ape Confused by Language (language used to write Bogus Books dictated by Guileful Gods) and imbalance has taken us right up the Yang end of the continuum.

    We no longer even GIVE CREDENCE to The Feminine. Male drive for bigger and newer is out of control, and opportunistic WoeMen have cowed women into impotent silence, as they subserviently abandon mothering for Mammoning.

    We have ALL the knowledge, and kit, to turn the world round, but wisdom - hence will - is lacking. Jesus isn't coming back, and Yahweh stopped speaking a couple of millennia back - we are on our own. One good cataclysm should do it.

    Meanwhile RIOT CEREBRALLY. It passes the time . . .

  • Comment number 19.

    Clegg, food is expensive because of this eu. Life is more expensive because of the eu costs in general. Money or rather aid to this eu has been ringfenced and increased, while the UK has made cuts. The game should be up.

  • Comment number 20.

    #18

    Amen.

  • Comment number 21.

    The Question is in or out of the eu, and no in between. The Referendum for breaking this country up would be tragedy. The vote for leaving the eu, I would hope would lead to less chance of my Country breaking up. But remember, no united Britain, no BBC. I myself, would cease to care about anything if this happened (Country breakup that is, not the end of the BBC).

  • Comment number 22.

    ACCORDING TO OBAMA - THE AMERICANS WON IN IRAQ

    And according to meeja, they can't leave any troops behind as they want immunity from Iraqi law. So what will happen to all those bases, the size of a town? My guess is they will be redesignated 'embassies', and tens of thousands of oversized diplomats, suits bursting at the seams, will engage in 'missions' to the surrounding states - especially Iran. Diplomats, not being military personnel, will not be counted . . .

    ADJUST REALITY? YES WE CAN!

  • Comment number 23.

    YOU HAVE TO SMILE

    Below is an except from "You and Your MP"

    https://www.parliament.uk/documents/commons-information-office/m01.pdf

    There are some gems in the text. It serves well to illustrate the unresolved duplicity of the rosette/rosette-stand, who struts his constituency, for those few weeks of election, saying "Trust me/us" - in an indistinct voice.

    THE RESPONSIBILITIES OF YOUR MP (Spot the Weasel words and contradictions.)

    "Your MP will generally do everything he or she can to help constituents but will not
    feel able to support every cause, nor will they be able to get the desired solution to
    every individual problem. Members may not be willing to support one constituent if
    in doing so they will deprive another. At times a constituent's demands may conflict
    with party policy and your MP will have to decide where their first loyalty should lie.
    The Member may think that, in any case, a majority of constituents would support the
    party policy - after all that is likely to be one of the reasons why they elected him or
    her."

    Priceless.

  • Comment number 24.

    Now That The CIA’s Proxy Army Has Murdered Gaddafi, What Next For Libya?

    https://www.vdare.com/articles/now-that-the-cia-s-proxy-army-has-murdered-gadhafi-what-next-for-libya

  • Comment number 25.

    American Anger: 58% Say Are "Furious About America's Politics" Compared To 49% In January, 37% Support #OWS

    https://www.zerohedge.com/news/american-anger-58-say-are-furious-about-americas-politics-compared-49-january-37-support-ows

  • Comment number 26.

    If Christ was alive today, and wandering among the protesters outside St Paul's, I'm not sure the Canon would recognise him.

  • Comment number 27.

    nautonier @ 13

    We were warned to beware of Greeks bearing gifts.

    Nevertheless, I expect the ECB will find the wherewithall to bail out all and sundry in the eurozone, which is a short term solution.

    Longer term will come a more coherent fiscal policy, probably imposed via the Fourth Reich with help from the Finns (who also assisted the Third Reich if I recall history correctly).

    This blogger is finding banking behaviour more and more annoying.

    Why should they be a special case?

    If banks decide to lend money to sovereigns and they turn out to be bad investments, as discussed by Paul Mason, possibly losing 40% of their money, then too bad for them. They need to take the hit, revise their risk assessment procedures, and not expect their losses to be socialised.

    A bank failure should not be catastrophic event and reforms are urgently needed across Europe to ensure that this becomes the case.

  • Comment number 28.

    '23. At 00:12 22nd Oct 2011, barriesingleton wrote:
    https://www.parliament.uk/documents/commons-information-office/m01.pdf

    'At times a constituent's demands may conflict with party policy and your MP will have to decide where their first loyalty should lie.'

    Priceless.


    If my MP cannot distinguish between what he said to convince me to offer my proxy, and what he gets told to do subsequently that is counter to this, then there will be a cost come the next ballot.

    Tx for the .pdf. Useful.

  • Comment number 29.

    This BBC headline is a LIE "St Paul's closed by Occupy demo". The demonstrators neither sought, nor decided to close the Cathedral. The Dean, as head of the management did.

    Of course Jericoa (@7) the money changers took over the temple long ago. Their stalls have been replaced by stone, concrete and glass buildings.

    https://news.bbcimg.co.uk/media/images/56206000/jpg/_56206135_1c0e5f4b-1135-4542-856c-8d3549873a4f.jpg

  • Comment number 30.

    COME THE REVOLUTION (#28)

    If only voters were properly AWARE of the ramifications of PRE-SELECTION of the candidate touting for their vote, they would be more likely to demand that the candidate CHOOSE to be rosette stand or Independent - and DECLARE as such.

    NO MP CAN SERVE TWO MASTERS.

    Is it remotely likely, that parties would pre-select candidates WHO WILL GIVE THEIR 'FIRST LOYALTY' (#23 link) TO THEIR CONSTITUENTS?

    Nuff sed

  • Comment number 31.

    When did the British people vote to be part of the EU? I certainly did not, I did not even have the opportunity to vote on the Common Market. Can we really claim to be a democratic country when our political elite have railroaded us into it and refuse to let us have a say? It will not happen but if Cameron, Millibrand and Clegg force a no vote on a referendum I would love to see MP's from all parties who believe in democracy forming a new party or defecting to UKIP. They could then force a referendum as a price for supporting the coalition on other policies, failing which a general election would have to be called, I would certainly vote for an MP who had the courage to do this. Given this will not happen I shall, after having voted in every national and local election since coming of age, cease doing so, as all I would be doing perpetuating the myth that the UK is a democracy, it is not, our politicians represent themselves, not us!

  • Comment number 32.

    @23 "The Member may think that, in any case, a majority of constituents would support the party policy - after all that is likely to be one of the reasons why they elected him or her."

    But of course many MPs are elected with pluralities not majorities, often with less than 40% of the vote. And then, after the election the leaders change their policies anyway. Not only is our system corrupt, and thanks to the AV referendum likely to remain so, but it is going to get worse. There will be 50 less backbenchers after the next election, so less chance of independent thinking and voting.

    This has never been democracy: at best it is consensual elective oligarchy, but the consensual part is getting weaker and weaker. The only major country which approaches democracy is Switzerland.

    https://en.wikipedia.org/wiki/Politics_of_Switzerland

  • Comment number 33.

    29. At 09:27 22nd Oct 2011, Sasha Clarkson wrote:
    This BBC headline is a LIE


    Seems the Newsnighty and fellow reporting bloc may be on a weekend break?

    Anyway, here's the skinny from the front...

    https://occupylsx.org/?p=268

  • Comment number 34.

    It seems to all egregiously PR theatrically managed. Note for example how the Occupy The City (OTC) and St Paul's people are being told to move on much like the Dale Farm squatters? Note how The City has its own unique electorate and political representatives to support their interests (see plutocracy wiki link). Over on RT there has been some coverage of protests in Israel where protestors are supporting of Jews on Wall Street (which a mite ambiguous).

    https://rt.com/news/occupy-israel-people-struggle-475/
    https://rt.com/usa/news/mayor-bloomberg-wall-street-701/

    One of the many throw away lines on the Max Keiser show has been that in his days as a Wall Street trader it was allegedly standard practice to dump the poor trades into Pension Funds and the good ones to favoured clients or prop trade accounts. Is there ANY good evidence of that, or is his just his colourful propaganda?

    Like this, the world is linked by shareholder and stock-markets, but there is no conspiracy there, just the nature of the global markets and fiduciary duty.

    https://rt.com/news/global-elite-economy-conspiracy-427/

    Nobody should suggest European war as a solution. After all, it was to prevent just that (a solution taken by Germany in the 1930s to get out of crippling WWI debt),.that the European Project (as the Marshall Plan/OECD or EU) was first implemented, albeit by the USA banks.

    Perhaps its architects just didn't see that Libertarian democracy has always been a problem not the solution? It seems to be effectively killing off lots of able people via democide whilst breeding uncritical consumers and electorates in the process that's for sure, why don't people wake up to the facts by looking at the important consequences, namely the birth rate. That is what biological fitness is after all.
    Does anything else count as a Key Performance Indictor of a system's ultimate success?.

    Still, the following is not a bad account of the modus operandi of
    contagion:-

    https://www.lrb.co.uk/v33/n14/john-lanchester/once-greece-goes

    and as such contagion is a risk for ANY complex Dynamical System (i.e a system of more than a few variables) one would have thought politcians and regulators would have tried to keep systems small and fire-walled.

    Perhaps even as EU NUTS?

    https://en.wikipedia.org/wiki/Nomenclature_of_Territorial_Units_for_Statis
    tics

    After all, this WAS a lesson which biology learned and programmed genetically by Natural Selection with respect to brain architecture long ago in our evolution.

    So, is the EU just going NUTS, and will the rest of the world follow too?

    Are we just in transition?

  • Comment number 35.

    So why all the hoohaa about Dale Farm? This has possibly been going on for longer, britain declining rapidly into third world state.

    https://www.dailymail.co.uk/news/article-2052051/Suburban-slumdogs-Scores-desperate-migrants-crammed-shanty-town-sheds-garages-ruthless-landlords-No-Mumbai--London.html

    WHY? No wonder people get so angry in this country, about a small extension properly built with planning regs which is refused!

  • Comment number 36.

  • Comment number 37.

    GLOBOPOLY (#31)

    Those desperately ambitious, demon-driven, disturbed juveniles who rise to the top in the Westminster PARTY GAMES, become eligible to play GLOBOPOLY at the international table. They eschew the pawn-shuffling of constituency 'representation', and gain the glory of manoeuvring WHOLE COUNTRIES in a maniacal power-game.

    THE HORROR IS, that sitting at the GLOBOPOLY table with a LARGE WAR MACHINE, NUCLEAR WEAPONRY, 5th GDP and 0.7% FOREIGN AID in your pocket, brings massive kudos to the desperately small minded players - our PRIME CHUMP an his fawning acolytes. These are needy ninnies - needy beyond all assuaging. AND THAT IS THE WORLD'S DOWNFALL.

    RIOT CEREBRALLY - it helps to pass the time.

  • Comment number 38.

    THE CASE FOR AN 'ABSTENTION' BOX ON THE VOTING SLIP IS NOW MADE (#31)

    My dismissive MP (the one who won't answer me because I am 'illogical') in the days before he made that pathetic judgement, told me to spoil my paper, should I wish to abstain. Fool or knave? ('MP' covers both.) Clearly, a democracy should afford the (easily enacted) option, to voters, of registering GENERAL DISSENT, with dignity and integrity. THAT IS NOT A SPOILT PAPER. Unfortunately, Westminster does not prize dignity or integrity, and certainly doesn't want US exercising any.

    Nuff sed

    PS: A people's petition perhaps?

  • Comment number 39.

    The risk level of a rapid and deep recession in the UK must now be odds on - and the peculiar nature of the British economy with its massively inflated financial service sector and hollowed out manufacturing sector means we are a house of cards, completely unable to withstand the storm that is coming.

    Our lifestyle of heavy energy use, high meat consumption, an insatiable appetite for manufactured imported goods and housing speculation all funded by massive debt is going to come to an abrupt end.

    Couple this with the extremely exposed UK international situation - we're very dependent on globalised trade which is catching a serious cold - we aren't in the Euro so no help from the ECB etc - and our banks are massively exposed to overseas & domestic debt - and we're heading into the perfect storm of global recession, inflation and sovereign debt defaults, as well as permanent food, energy & raw material shortages.

    None of the commentators we hear really spell out what this might mean - a run on the Pound driving food, energy and retail prices through the roof - think the £20 litre of petrol, the £5 Kw/Hr of electricity, the £5 loaf of bread - all this is not very far away if confidence in the UK falls as it has done for the PIIGS +Belgium etc.

    Interest rates heading for 10+% in a vain hope of supporting the currency - and a meltdown in housing as in the USA, Spain etc - 250k repossessions per qtr, house prices halving - it's all quite possible.

    Then there are the banks - if there is a major default beyond Greece, that will be the end of UK commercial banking - there's no way a second even bigger bailout could take place - quite literally the hole in the wall will stop handing out cash, plastic won't be accepted and all payments could stop including salaries, pensions - the risk is there - all HMG could do is nationalise everything and consolidate it into a National Bank and try and seal off retail banking within the UK from the global meltdown - it's already happening in Eire.

    When you go down to the supermarket, the shelves would rapidly be becoming bare as the global financial system clogs up and suppliers aren't getting paid even in the collapsing currency which has rapidly fallen through the floor in value.

    Pension funds would be wiped out - welfare payments would move from relative to absolute poverty levels - and mass unemployment would take off rapidly.

    How can we avoid this happening?

    1. Do anything we can to prevent a UK recession - inject demand into the ec

  • Comment number 40.

    Fixed link - please study closely.

    https://en.wikipedia.org/wiki/Nomenclature_of_Territorial_Units_for_Statistics

    Along with this, which just needs to be scanned at the top and then the bottom to see the global pattern and a highly plausible explanation of (i.e. explication of) mass immigration of consumers, and the changing (lowering of) standards. Is Libertarianism not self-destructive?

    https://www.indexmundi.com/g/r.aspx?v=31

    A public service warring:- whilst there is some amusing and possible even true material broadcast by the likes of the RT Max Keiser
    programme:

    https://rt.com/programs/keiser-report/episode-200-keiser-max/

    it clearly has an Austrian School anarchist agenda who classically talks up destruction of the banks and fiat money IN FAVOUR OF FREE MARKETS and especially commodities such as GOLD and SILVER. Beware of wolves in sheep's clothing.

    What is required is more regulation, not trust in free market anarchistic forces. If the demographics are indicative of falling critical awareness, what one will get by going to the people is children voting for whoever hands out the best sweeties (pretty much what is designed to happen when Libertarian Democracy is spread to the 'developing' world unless the nation embraces some form of accountable Democratic Centralism like Gaza). Like it or not, Britain after WWII largely had Democratic Centralism. The USSR had learned this from British Fabians such as Sydney Webb (who drafted Clause IV for the Labour Party). Remember, the Russian Labour Party is what made the USSR a world power under Stalin after the purges of Libertarians in the 1930s, and it was run by a Party which, it should come as no surprise, was functionally almost identical to our own British Civil Service, which more or less worked as indicated by the brief recovery of our birth rate for a while after WWII. That Civil Service and Public Sector has however been under attack by Libertarian USA for decades, not by the USSR. That it allegedly was, was just clever misdirection by the USA.

  • Comment number 41.

    continued

    How can we avoid this happening?

    1. Do anything we can to prevent a UK recession - inject demand into the economy NOW by spending on capital projects to create jobs and generate demand for domestically produced goods & services - and cut taxes for those who will spend their money within the UK, not on exports, i.e. low income families & pensioners. Our debt is going up anyway - so let's at least spend the money on shoring up demand rather than accelerating towards the recessionary cliff.

    2. End the "arms length" ownership of the public stake in the banks and turn them into a National Retail Bank and use them to invest in industry.

    3. End the ideologically motivated farce of so-called "free trade" - announce than imports from countries which run large balance of payments surpluses with the UK and do not have fully exchangeable currencies will face rising import tarriffs over a five year period, to give UK retialers & manufacturers time to develop UK production capacity.

    4. Establish a National Industrial Recovery Authority, whose sole job is to create incentives to on-shore manufacturing jobs we have lost overseas and to drive investment and growth in new sectors such as sustainable energy, intensive market garden food production and import substitution.

    5. There are simply far too many people in these small islands for a collapsed economy to sustain. End the situation where the UK is a playground for the international rich to languish in - impose a residency tax, an alien ownership property tax and aim to make the UK a net emmigration nation as part of a plan to move the country to a self-sufficiency model - even 40M is still probably too many, although if there is an economic meltdown, mass emmigration of those with overseas links would probably happen anyway.

    6. Invest in defence to reorientate UK forces to protect our borders and to police our international trade routes. This means more warships, light profile naval aviation with the sort of air assets needed to combat Somali pirates rather than air superiority fighters to beat the (non existent) USSR, plus intervention group forces capable of neutralising insurgents like the West Side Boys in Sierra Leone. The objective would be to be able to keep the flow of food, energy and raw material open with famine and economic dislocation sweeps the devleoping and 3rd world - as in the Horn of Africa.

    7. Formally end the whole notion of "unemployment" - everyone has to contribute to the economy and society - where there are no jobs available provide retraining

  • Comment number 42.

    #39 richard bunning

    Your ideology would appear to have been poisoned by the eco-fascists, meat is the natural thing for people to eat in the UK since most of our land will only grow grass, or are you suggesting people eat that. It is probably the case that world bio-fuel production is keeping the current cost of meat lower, both pigs and poultry do well on rape meal, milk cows love palm kernel expellers. Add to that all the bi products of ethanol production and there is plenty of animal feed for hard pressed farmers to skint themselves to give their animals a treat, no recession in the animal feed market.

    It would appear that you also buy into the green jobs lie, wind farms do not cut CO2 emissions anyway ( assuming that the primary objective is to keep the lights on 24/7/365 ). What the UK really needs is a true free market with the protection of the people's rights being secured by a citizens income paid to everyone over 25 to encourage the young to get into the habit of working to earn money.

  • Comment number 43.

    If you want to know why the world economy is in meltdown, these programmes will tell you why. The questions are, why are these financial criminals not in jail? Why is Goldman Sachs allowed to continue to exist? (It helped cause the 1929 crash too.)

    https://english.aljazeera.net/programmes/meltdown/2011/09/2011914105518615434.html

    This is nothing new, but it draws the interconnected global causes of the crisis together in a very clear way.

  • Comment number 44.

  • Comment number 45.

    Sasha Clarkson wrote:"The questions are, why are these financial criminals not in jail? Why is Goldman Sachs allowed to continue to exist?"

    They exist because they are integral to how Libertarian, right-wing, anarchistic "grass-roots" democracies operate. They exists to sustain that system. It is a bubble-system which feeds best upon those who can't delay gratification, so that's what it differentially breeds (cf.
    education, education and education reducing and skewing the birth rate)..

    The common-sense psychology encouraged in and imbibed by consumers living in these democracies is self-centred self-destructive propaganda which is at odds with the way that pre 1950s Germans and modern Russians, and Muslims tend to talk/think/behave, but is consistent with the fantasies peddled by Hollywood and the Madison Avenue PR industry.

    The Libertarian economies are now primarily female orientated because that is the demographic most easy to make money from. It is a solipsistic system too. But if these Financial Services and their support Service Sector businesses go, so does Libertarian economics and its fantastic politics, and those who do well by all that will not let this go without resistance. The system preys upon a fostered narcissism (arrested development) and that is de rigueur, alas. It may be too late to do anything as there may not be the critical mass of 'will' as most people are now too short-termist, self-interested, ego-centric, genetically..

  • Comment number 46.

  • Comment number 47.

    #45 brown-dog

    "The Libertarian economies are now primarily female orientated because that is the demographic most easy to make money from. It is a solipsistic system too."

    You can see how liberal democracy is being fanatically pushed on Libya. Whenever the BBC interviews Libyans on the street for 'the people's reaction', they seem to only illicit the opinions of either young women (mainly) or young men who all persistently cry that they have won freedom.

    What the Western MSM have been peddling to to the young Libyans is that they should all have been rich by now, just like those Arabs in Saudi/UAE.

    https://en.wikipedia.org/wiki/Colonel_Gaddafi

    “Rising oil prices and extraction in Libya led to increasing revenues. By exporting as much oil per capita as Saudi Arabia, Libya achieved the highest living standards in Africa. However, at the same time similarly oil-rich Gulf countries improved their living standards much further, and this fact was visible to ordinary Libyans.”

    Yet you don’t hear the opinions of the older Libyans or anything in the MSM about The Great Man-made River works built in Libya that took nearly 20 years to build. The project has facilitated the source of fresh drinking water for the entire N. African region And Gaddafi didn’t use any Western banking finance to pay for it…but that was probably his big mistake.

    https://en.wikipedia.org/wiki/Great_Manmade_River

  • Comment number 48.

    The general main stream media continually perpetrate this obfuscatory nonsense that "no-one saw this economic crisis coming". The BBC are no better.

    The monetary system we have is a debt-based, fiat, Fractional Reserve Banking system.

    Debt-based
    In this system all money in circulation (paper, coin (less than 5%) and digital (more than 95%) exists as a result of someone's debt. i.e. with no debt, there would be no money in circulation.

    Fiat
    Fiat money is 'money' (and that can be represented by just about anything) which is decreed to represent value. It has no inherent value in itself.

    Fractional Reserve Banking
    This is the system operated by banks which creates money out of thin air when a new loan is instigated. When the principal amount of a loan is credited to your bank account it appears on planet earth at the instant the return key is pressed on the bankers keyboard. Prior to crediting your account the money did not exist anywhere on the planet. It was created out of thin air. When the loan is repaid both the principal and the interest is repaid. But the interest was never created. Therefore someone else's principal must be used to repay your interest. Mathematically this system results in an exponential growth of money in circulation caused by an exponential rise in debt. It is a physical inevitability due to the mathematical model pursued by the banks. Ultimately, anything which attempts to grow exponentially will, at some point, falter and collapse.

    Since the method of money creation and circulation is well understood it is very simple to predict its inevitable collapse. That is, unless you have an invested interest in ignoring this flaw.

    At least one school of economics fully understand the mathematical model used and predicted with ease and certainty the ultimate result. These are known as proponents of the Austrian school of economics. They have shouted long and hard about this but because their view is deeply unpopular and the solution would remove power from an extremely powerful group of people they are never heard, particularly in the MSM.

    The most well known home for this economic viewpoint is here:
    https://mises.org/


    Regarding Fractional Reserve Banking, check out some instructional videos on youtube or elsewhere:

    Money as Debt https://www.youtube.com/watch?v=lXb-LrVkuwM

    The Money Masters https://www.youtube.com/watch?v=vVkFb26u9g8


    And for a simple explanation why the exponential growth of anything is not possible indefinitely:

    https://www.youtube.com/watch?v=F-QA2rkpBSY

  • Comment number 49.

  • Comment number 50.

    The Eigth Wonder of the World?

    https://en.wikipedia.org/wiki/Eighth_Wonder_of_the_World

    'Many Personal Finance books state that Albert Einstein quoted that Compound Interest is the eighth wonder of the world, because of the exponential returns the formula outputs when used in banking.'

  • Comment number 51.

    @38 barriesingleton

    Always thought how strange in this 'democracy' how the politicians allow themselves an abstention vote in parliament, but deny it to the proletariat. But such a 'privilege' would probably show the level of public disaffection, and they wouldn't want that to be demonstrably visible would they.

  • Comment number 52.

    Always find the morning news interesting, if depressing (for the state of news reporting).

    Looks like a certain shopping centre may have scored unintentional shrine status into the future, as assorted sombre microphone holders suggest 'questions are being asked' on nasty images... as they repeat said images over and over.. https://bbc.kongjiang.org/www.bbc.co.uk/blogs/theeditors/2011/10/the_challenges_of_reporting_ga.html

    Of course, the questions can be variable...

    https://blogs.telegraph.co.uk/news/danielhannan/100112879/ten-times-as-many-people-are-demonstrating-in-westminster-for-an-eu-referendum-as-at-st-pauls-against-capitalism-which-movement-do-you-suppose-will-get-more-media-coverage/

    Can Russia Today start charging a licence fee too?

    Off to Millets as it appears paying to stay over anywhere is so last legislation. Got a business 'do' coming near the HoC in November, but why pay for a hotel if I can simply pitch up and claim I am protesting something or other.

    https://bbc.kongjiang.org/www.bbc.co.uk/news/business-15326636 - no comments allowed

    https://bbc.kongjiang.org/www.bbc.co.uk/news/uk-15373036 - pulled at 44. as predicted by some posters.

    PennyRed Laurie Penny
    Update on #occupylsx and the new #occupyFS in London from the BBC - bbc.co.uk/news/uk-englan…


    https://bbc.kongjiang.org/www.bbc.co.uk/news/uk-england-london-15415296 - Didn't stay open too long, did it? Some of the highest rated comments may explain that.

    Wonder what else will be deemed necessary to share, and in what form?

  • Comment number 53.

    'Is the Occupy Wall Street message becoming lost online?'

    https://bbc.kongjiang.org/www.bbc.co.uk/news/magazine-15343574 - love the music bed, like a bad 3rd world corporate investment video.

    A bit of morale-boosting on twitter required?

    Not sure if 'getting the message out' is really that effective, if there is near zero coherence to 'the message', or they are plain daft.

    https://occupylsx.org/ - 'We are delighted to announce that our second site of occupation is now open and ready to receive happy campers. 400 people are already creating a radically open democratic space at Finsbury Square EC1 and you are cordially invited to join them. Bring a tent, warm clothes, provisions , a torch and your optimism. ' I guess half term helps, especially if they have creche facilities.

    'fuelling concerns by some'

    But with its media and PR expertise, one is sure the BBC can knock it into shape. If that is meant to be their job.

  • Comment number 54.

    I do find the media strange in what it gets exercised about..

    https://bbc.kongjiang.org/www.bbc.co.uk/news/world-south-asia-13261680

    'Osama Bin Laden's body was buried at sea but how far the procedures met the requirements of Muslim burial law is debatable.'

    This quote is from the Google summary page, but now seems missing from the latest edit for some reason. Maybe the rushed sentiment was considered precipitate, and possibly inflammatory?

    Anyway, speaking of respect for Muslim tradition, let's check with some locals who may know better....

    https://bbc.kongjiang.org/www.bbc.co.uk/news/world-africa-15412529

    'Correspondents say few Libyans are worried about the manner of their former dictator's humiliating end...

    It's now coming up to two days since the Libyan leader was captured and killed, and still he hasn't been buried, contrary to Islamic custom.'


    Mustn't offend anyone or stir stuff up too much eh? Seems a smidge more forgiving this time for a tiff in a freezer, vs. sniping at folk bending over backwards to do things in accordance with the rules before.

    And here's a picture of another dead guy, who was well and truly stuffed by the guys in charge, but the locals seem cool on it too...

    https://img.timeinc.net/time/photoessays/2008/moscow_travel/moscow_lenin_tomb_a.jpg

  • Comment number 55.

    "YOUR MP WILL HAVE TO DECIDE WHERE THEIR FIRST LOYALTY SHOULD LIE" (#51)

    The fool/knave politician does not notice/want to notice the irony/impropriety in that statement. (Nor the person who drafted that CRASS form of words for the MPs guidance?) Truly we are MOCKED.

    D MOCK CRASS Y?

  • Comment number 56.

  • Comment number 57.

    Jeremy on the Alan Titchmarsh Show! (click to part 4)
    https://player.stv.tv/programmes/alan-titchmarsh/2011-10-20-1500/

  • Comment number 58.

    BRUTAL LEADERS ARISE FROM THREE FACTORS: CULTURE - NATURE - OPPORTUNITY

    As an exercise in reality, I ran my mind over our home-grown, recent sequence of delusional, demon-driven leaders, and notionally transposed them (with their ‘dark-art’ aides, into a medieval environment. Nuff sed.

    English violence is PSYCHOLOGICAL at home, with the PHYSICAL VIOLENCE reserved for expendable Johnnie Foreigner. It's what civilised nations, under rule of law, do - apparently.

    Let righteousness be unbound!

    Weep.

  • Comment number 59.

    FINANCIAL CRASH LATEST; St PAUL'S LOSING £16,000 PER DAY

    "Give to Caesar that which is Caesar's!"

    Is it me?

    Maybe Tony can help . . .

  • Comment number 60.

    @56 It's a good article Mistress. But any kind of democracy or representative government means that people are free to make mistakes, and hopefully learn from them.

    Many countries, including most in western Europe. have had religious extremism in the past and grown out of it. It's fortunately some time since anyone was burned at the stake!

  • Comment number 61.

    PHYSICAL AND PSYCHOLOGICAL PAIN ARE REGISTERED IN THE SAME PART OF THE BRAIN (#60)

    I hold the view that most of our women, and their children, are being PSYCHOLOGICALLY 'burned' by Mammon-obsessed, game-playing, politicians Sasha. Might NewsyNighty send a woman (not a WoeMan) to ask the women of 'terribly backward' countries, what they think of our culture vis-a-vis mothering, and nurture, of infants and young?

    Thought not.

    We have the knowledge, but neither wisdom nor will to apply it.

    WE ARE NOT DOING WHAT NATURE WOULD DO.

  • Comment number 62.

    JunkkMale linked to Paul Mason.

    Yes as Mason's blog points out, thee is a danger here. Note the end of his article in particular. Note the Anomymous mask is the image from a RIGHT wing blog, an anarchist (Conservative) Libertarian blog. This activism may well serve to FACILITATE the Libertarian cause, a movement which has worked to reduce, if not remove, regulation. It has eroded the past status quo of governance - the past regulative state.

    So, beware of what you wish for. How many are calling for statism? How many readers here do that? How many call for MORE regulation, for a return of the incipient Old Labour Command Economy which Britain had after WWII?

    https://www.labour-party.org.uk/manifestos/1945/1945-labour-manifesto.shtml

    They want instead - freedom. But what is that? The freedom which the Chinese (and probably Russians) defend?

    "The meaning of the Guy Fawkes mask is not well known outside protest groups. It was the mask worn by V, the revolutionary leader in the comic book series "V for Vendetta" published in the 1980s.

    In the plot Britain has become a fascist state ruled by violent corrupt cops, out of control secret police, paedophile priests, broadcasters who make blatant propaganda. As the society collapses, though the hero, V, aims for anarchism, what he gets is anomie - a society of "take what you want" in which rioters and hedonists take power as centralised power collapses.

    I think you can see from this brief sketch why people are taking a renewed interest in the world of "V for Vendetta" and the iconic mask.
    It is rapidly becoming a cultural "meme" - a self-reproducing symbol. It sits, of course, on the mast-head of Britain's most popular right-wing libertarian politics blog - Guido's order-order.com - showing its ability to cross political boundaries, and at the same time change meanings."

    https://bbc.kongjiang.org/www.bbc.co.uk/news/uk-15373036

  • Comment number 63.

  • Comment number 64.

    JunkkMale wrote:"Mustn't offend anyone or stir stuff up too much eh?"

    Exactly. Have you ever known of anyone learning anything (novel) without their having what they already "knew" stirred up/challenged? Most of the MSM just serves to titillate, reassure and placate, i.e. maintain most of the people in an endogenous opioid state of near oblivion.

    Is not the MSM best regarded as the modern opioid of the masses?

  • Comment number 65.

    Off at a tangent: economist Paul Krugman on Orwell and the King James Bible. A wonderful translation of Ecclesiastes into technospeak.

    https://krugman.blogs.nytimes.com/2011/10/22/but-and-why/

    The King James was largely based on the William Tyndale bible, published in the 1530s. Much of the beauty which remains in the English language derives from this period.

  • Comment number 66.

    A NOURISHNG POST SASHA (#65)

    Do you have an angle on my recent query re 'Question and Answer' rhetoric? Why do I ask that? I ask that because it seems to be infecting the politician ninnies, like the glottal stop did under Tony. Dave does it, so perhaps he is the infector also.

    I originally asked if it has some psychological impact - any thoughts?

  • Comment number 67.

    '62. At 15:12 23rd Oct 2011, brown-dog

    All duly noted.

    Including the dangers evident to Mr. Mason, which may or may not be his alone, or restricted to him and a circle who agrees with him, and he finds agreeable.

    Warnings pointing in one direction are effective in distracting from anything coming from another, of course.

    Not so keen on wings, ists, isms or zi's of any hue, frankly, which is why I am sensitive to polarisation, and especially when reporting strays into opinion, and opinion to propaganda.

    'V' was, and is, an escapist comic and movie. Whilst enjoying them on this basis, I have tended to leave it at that, rather than projecting too much into real life. Especially when blowing things up that are bad can involve at worst innocent collateral damage at the time, and at best a less than clear sense of what will be 'better' afterwards, effected by whom and how. The current OccupyLSX being more Animal Farm with more and better comedic potential in this regard.

    Hence wondering why certain media seem a bit obsessed, often favourably, at the expense of meatier fare. Newsynighty does have an eclectic band of guests to hand in the producers' iPhones, but often I find the input of a Penny Red or Jonnie Marbles odd choices to represent to the public.

    Speaking of looking at alternatives, and seeing nothing different on the horizon...

    '64. At 15:19 23rd Oct 2011, brown-dog wrote:
    JunkkMale wrote:"Mustn't offend anyone or stir stuff up too much eh?"

    Exactly. Have you ever known of anyone learning anything (novel) without their having what they already "knew" stirred up/challenged?


    I was of course observing that there appears to be a certain selectivity within certain corners of the MSM as to when or who gets 'challenged', and by contrast when and who gets a pass from the hall monitor. If reporting were returned to fact, leaving the interpretation to the viewer (editorial by omission still a danger) then this would be less of concern.

    At risk of repetition, but valid as not addressed, what I DO note is that certain blogs go broadcast only or get pulled very quickly. Why is that?

    No matter what leanings one might have, it surely must be troubling that the megaphone is getting louder and the earpiece smaller or withdrawn.

    That... is a slide that has a historical precedent worthy of concern that I'd suggest may bear greater attention than a penchant for dressing up.

  • Comment number 68.

    JunkkMale wrote: "'V' was, and is, an escapist comic and movie. Whilst enjoying them on this basis, I have tended to leave it at that, rather than projecting too much into real life. Especially when blowing things up that are bad can involve at worst innocent collateral damage at the time, and at best a less than clear sense of what will be 'better' afterwards, effected by whom and how."

    The original Gunpowder Plot is taught to our school kids as an example of a Catholic conspiracy which was designed to remove the Protestant
    (anarchist) status quo/regime. One should remember that Catholics are barred from the succession. Who were the Protestants agents of in Europe given that they were anti-Catholic, and before the Reformation, Christianity WAS Catholicism.?

    "At risk of repetition, but valid as not addressed, what I DO note is that certain blogs go broadcast only or get pulled very quickly. Why is that? "

    We may have a free press, but that just means that the press is largely privately owned. The owners have an interest in preserving the Libertarian status quo. It would be silly to expect otherwise. One has to see the anarchistic nature of this entire system for it all to fall into its quite ugly, predatory place.

    "No matter what leanings one might have, it surely must be troubling that the megaphone is getting louder and the earpiece smaller or withdrawn."

    Not that anyone can do anything much about it if the editors must do as the owners demand, as they must, if they are to do, and keep, their job.

    "That... is a slide that has a historical precedent worthy of concern that I'd suggest may bear greater attention than a penchant for dressing up."

    People imagine they know what freedom means. They generally don't. It means freedom to run a business and make money out of consumers where the rule is caveat emptor, even if the buyer is cognitively disabled and can not beware. That is why elsewhere, e.g. China. the state regulates the press (and the rest of the state). That is because everyone works for the state and each other. They tend to leave that out when talking about liberation of totalitarian states and deposing of their "dictators"..

  • Comment number 69.

  • Comment number 70.

    @66 Barrie

    It's powerplay: an attempt to set, or at least keep control of the agenda. Perhaps to deal with a potential googly on the front foot.

    Eg Q: "Why are we imposing a three line whip on what some say should be a matter of individual conscience?"

    A: "We must remember that we were elected to deal with the economic crisis, and a referendum at this time would damage confidence in the recovery."

    Such an answer might beg (but hope to bury) several questions, eg "What recovery?" or "Didn't you promise a referendum before?" etc.

    I've used 'Question and Answer' rhetoric as a pedagogical device.

    Q: "Why are we studying this apparently boring topic?" A: "Well, let me describe a couple of interesting applications which aren't in the textbook. We still have to do the boring stuff, but I hope you will agree that it isn't pointless."

    Off, slightly, at another tangent: I'm reminded of the Monty Python "Face the Press" sketch, where the Minister (Graeme Chapman) answers the question "in two ways".

    https://www.youtube.com/watch?v=sXQqI9xGzvc

  • Comment number 71.

    AH YES SASHA - GERMANE! (#70)

    And we all hate the Germanes!

  • Comment number 72.

  • Comment number 73.

    If one looks carefully, one might see that the traditional opponents of Libertarianism didn't really have to do all that much. They just nudged Libertarianism's own driving forces to let it destroy itself. All they had to do was let it further deregulate, which is precisely what happened when the Cold War was abruptly ended unilaterally by the USSR in 1989. Within a decade the USA had repealed Glass-Steagall and the UK did the same teh next year. The breeding of Libertarian self-centredness via education, education, education and encouragement of pursuit of fame and fortune would have been projected by their strategic planners to eventually complete the job of self-destruction. The USSR was, and People's Republic of China still is, people and socially orientated, not profit and individual self-interest orientated. In China, their capitalists are just one of their small stars, and most of them are in state regulated SEZ labour camps, well aware form most of the rural population, limited by their internal passport system.

    Sasha Clarkson wrote: ""Many countries, including most in western Europe. have had religious extremism in the past and grown out of it.
    It's fortunately some time since anyone was burned at the stake!"

    Perhaps you put too much store by personal feelings?

    Have you ever seriously considered the possibility that rather than having "grown out of it", the fact that we have ceased punishing and getting rid of delinquents and subversives from the gene pool (we have in fact increased their birth rate) it may be a very good part of the reason why we are now in such a dysgenic state of mass arrested development? Technological advances just serve to hide the growth of mass self-destructive stupidity by making labour simpler and easier for humans, i.e less cognitively demanding, so most people don't see exactly how self-centred and stupid most people have become today through dysgenic breeding This is pretty much what any analysis of the long-term data trends using a number of indices shows, if anyone bothers to look at these closely. Advances in engineering, automation and computing have just blinded most to this.

    Is not the $800 billion US TARP and the x hundred billion EU bailout a Libertarian USA/OECD effort to move money out of the Public Sectors of the USA and OECD (EU-27 and Eurozone-17 etc) whilst lopw interest rates allow them to pick public pockets (losing savings, either forcing people to spend or lose value through 5% inflation at almost zero earned interest) whilst flushing it to the Private Sector in order to try to prop up what prima facie appears to hasten our demographic demise and thus facilitate an economic shift away from this failing system towards what appears to be a prospering BRICSA/SCO/CIS system and AsiaZone? It's like a great economic vacuum cleaner at work, run by some crazed Americans with European stooges in Germany helping. Matt Taibbi used the image of a giant vampire squid in Wall Street.

    https://www.youtube.com/watch?v=AMOwbIKajSY

    G_S and the others all but effect US policy. Like NGOs and Agencies throughout the Libertarian democracies. It's never the Government, because Libertarians don't believe in Big Government. In fact, they make their people support wars to destroy Big Governments, such as that in Libya.

    https://en.wikipedia.org/wiki/Third_International_Theory

    Those who continue to post having a pop at MPs and our Parliamentary party system, I have a message for you: If you aren't explicitly a Libertarian (anarchist), take note, you ARE probably unwittingly doing their bidding as "useful idiots".

    When one watches the news and sees the role which Germany is allegedly playing in the "solution" to the EU "crisis", just remember that the Germany Constitution of 1949 was created by occupying USA (much as the Japanese system of Libertarian democracy was created by the occupying USA), and that Germany is still effectively a client state of the USA.

    https://www.angelfire.com/mn2/reformclub/f/germanyconst.html

    As one looks through the above one will see much of the EU Constitution which the USA has been trying to impose "democratically" across Europe to create a Libertarian United States of Europe. Just look at the 53 articles of the EU Human Rights charter. It's there to enshrine Libertarian economics, corporatism, freedom to run corporate (fascist) businesses protected from state regulation by law. It's modus vivendi is a devilishly clever Faustian paradox.

    Take a look at the size and health of Americans. Look at the state that they're in economically. Then look at the way that Europeans are going.
    Is this the freedom that everyone wants? This is what we're getting through deregulation - freedom..

    Sasha Clarkson wrote about Orwell, Krugman and Tyndale.

    Just remember that all three are anarchists. Orwell went to fight for the POUM/CNT i.e Trotskyite, Krugman is an obvious case, and Tyndale was out to undermine Catholicism (statism).

    When Krugman uses the word "translate", just remember that he, and his ilk, use that term to justify their making up whatever they damned like.

    Vast numbers of naive European people have been taken in by these subversives over the centuries. It is all designed to remove the status quo of regulators in the interest of the money-lenders using naive people as foot-soldiers who are offered all manner of sweeties so they will serve as the money-lenders' foot-soldiers. It always preys upon our child-like, female side, i.e. our vanity

  • Comment number 74.

  • Comment number 75.

    OH LA LA! A SPAT BETWEEN DAVE AND SARKO - YEAH RIGHT

    Does anyone else get flashbacks to TV wrestling? 'The Frog' lands a forearm smash to the throat of Destroyer Dave (given the name after the AV contest, and what he did to 'Nice Nick'). Dave get's straight up, flies through the air and fells The Frog with a double-fist to the kidney. Both wave 'victory' to their respective new media, for home consumption . . . Is it a fix? The bout resumes tomorrow.

    THE JOYS OF GLOBOPOLY

  • Comment number 76.

    THE APE CONFUSED BY LANGUAGE DOES NOT DO 'WORLD'

    Even the New European Order has collapsed already!

    It will take the establishment of a New World Ape before you can achieve a New World Order.

    SMALL IS WORKABLE. If we apply what we now know, of human functioning, to engender maturity in small viable groups, they might one day federate into a workable World Order - but I doubt it. Until we awaken to the reality that the MOST DISTURBED (those whose NEEDS drive them to seek EVER GREATER CONTROL) will always take over, if not prevented. Chaos will reign, right up to the next cleansing cataclysm.

    Look at those who arrive at the top. They go prematurely grey from the massive pressure of non-delegation - born of NEED TO CONTROL. They are demon-driven, juvenile delusionals, trapped by childhood angst in a search for the unattainable, not viable competent adults, with altruism to spare.

    The urge to control is natural in an infant. Those who remain infantile are doomed to seek ever more control. Take another look at your MP. Think Foxy . . .

    D MOCK CRASS Y RULES.

  • Comment number 77.

  • Comment number 78.

  • Comment number 79.

    '68. At 19:06 23rd Oct 2011, brown-dog -

    "No matter what leanings one might have, it surely must be troubling that the megaphone is getting louder and the earpiece smaller or withdrawn."

    Not that anyone can do anything much about it if the editors must do as the owners demand, as they must, if they are to do, and keep, their job.


    'Ownership' is an interesting aspect when it comes to dominant, influential media.

    Of course, some owners seem more considered compelled funders as opposed to having any options in control, especially with editorial.

    Of course, with most 'free' press there are mechanisms for stakeholders and/or audiences to withdraw actual or implied support.

    Though there are unique exceptions.

    And when the few mechanisms for pointing this out get shrunk and/or curtailed, the projection is not encouraging.

    At least, for now, when it comes to political governance I still have relatively regular opportunities to express my satisfaction or otherwise. Which some will discover next time round, especially with coalitios ministers on the TV now telling me that no one bar a few malcontents have made it through his Beware the Leopard system to tell him different, and so 'we' are all totally behind Dave, Nick & Ed on the EU.

    If The PM is on the phone trying to 'persuade' bank-benchers then fair enough, but if Whips are 'bullying' (how?) them into toeing a party, as opposed to public representing line.... then no, thank you.

    How the machinations get reported will become key.

    When it comes to impartial news 'reporting', if it is anything other than factual, with a hint of 'editorial' influence, via an entity I am forced to pay, then no... thank you.

    Getting a bit fed up with pols saying 'now is not the time', as much as I don't appreciate media who are selective on when they focus on an issue or, oddly, seem very keen to 'move on'. Curtailing free commentary seems a significant complement to this attitude.

  • Comment number 80.

    Judging by the economics headlines this morning the currency war is about to move out of the realms of local skirmishes and diplomacy into full blown naked agression.

    The slow motion car crash of the global economic model continues.

  • Comment number 81.

    So you thought you "liberated" Libya? Guess what, they're imposing Sharia law there now....
    https://www.telegraph.co.uk/news/worldnews/africaandindianocean/libya/8844819/Libyas-liberation-interim-ruler-unveils-more-radical-than-expected-plans-for-Islamic-law.html
    Gadaffi doesn't seem so bad now, does he? :p

  • Comment number 82.

    Oops - Sorry about my posting above! Just seen Ecolizzy has quoted the same article!!!

  • Comment number 83.

    'More radical than expected'... bless.

    Is there a radical rating, with points of concern (depending on who 'you' are and what may concern 'you', of course) listed by degree of severity and 'questions are being asked' vs. 'boys will be boys' on the slackcutometer.

    Can't wait for the 'word' from the Arab Street. Does Tripoli have squares overlooked by hotel balconies? I sense movement in the 'senior talking head' force as we speak, and as winter advances, the climate may be more clement in Libya's Tahrir version of over Finsbury. Just... try and get one who speaks the lingo, as paying bazillions to have local PR 'reported' seems... unique.

    All those gutsy lady reporters I kept seeing may find bullets and bombs were easier to handle, assuming the boys don't move in on the turf now it's 'safe'... well, for men.

    Presuming any Christians bailed a while ago. Hate the lads to have to not report on how they are treated, especially if some local distractions of vital media interest prove less gripping to the public, and no alternatives can be found.

    Other than 'cabinet splits' of course.

  • Comment number 84.

    Gaddafi is gone only to be replaced by the peace loving Islamists! ..well that was always a given. No mention of the black genocide in Libya from the lame stream media. You wont see any black Africans in the new Govt thats for sure.

    Talking of race (and nationality):


    UK rioters came from abroad: 1 in 7 jailed after summer of violence was a foreign national

    Read more: https://www.dailymail.co.uk/news/article-2052617/UK-rioters-came-44-countries-1-7-jailed-foreign-national.html

    There are others that could be factored into those stats...the lame stream media ignored them as well so as to not upset the usual suspects and continue on the myth that all is well in the man-made multicultural society.

  • Comment number 85.

    SEND FOR 'INTERFAITH MAN'

    Hey! You guys, stop worrying about religious strife, righ'? I mean - St Tony is sure to turn up and plant a branch of his Foundation in Libya. Sorted.

    Then - in no time at all - they will be advancing towards harmony, as inexorably as The Holy Land. Libya can afford to hire top people from UK: Balls - finance, Gove - education and Fox - foreign affaires (sic).

    Then on to D MOCK CRASS Y.

    It will end in cheers.

  • Comment number 86.

    Meanwhile, back in the bosom of democracy...

    https://www.express.co.uk/posts/view/278728/Labour-fury-at-Ed-Miliband-blunder-over-EU-referendumLabour-fury-at-Ed-Miliband-blunder-over-EU-referendum

    '...after ordering his MPs to oppose the proposal for a European Union referendum in next week’s Commons vote.

    And they were only obeying? Must look up those historical precedents again.

  • Comment number 87.

    BBXC HARDTALK broadcast yesterday, asked some direct questions of the acting head of the new Libyan regime. The interviewer did not get comfortable answers. He heard a lot of tu quoque and other, to my ears, rather worrying signs of irrationality.

    When one reads reports such as this below:

    https://edition.cnn.com/2011/10/24/world/africa/libya-main/

    and when one watches hordes of excitable males firing AK47s (and who knows what else of heavier calibre) into the air, did anyone else watching this behaviour ask where such people came from? Does Libya not have prisons for violent and other criminals? Were they been released as "rebels" to attack their "persecutors" perhaps? Do we know this is not the case? In the early stages of the "revolution" did we not hear the old regime say exactly that, that these people were criminals?

    Would YOU go rushing around your streets shooting automatic weapons into the air? What sort of people tend to behave like that? In my book they tend to be those prone to criminal behaviour.

  • Comment number 88.

    Shooting anything around here, much less automatic weapons, is indeed frowned on. But my neck of the woods is not a blessed with diverse cultures as some inner-cities.

    Don't know about default suggestions of criminality, but they do seem well tooled up with nowhere now to 'vent'. That worked well in other places, as I recall.

    What goes up usually comes down.

    Except bonus-driving ratings. Eliot Carvers, private and uniquely public, your audiences 'need' you.

  • Comment number 89.

    On SKY news this morning, Simon Hughes (along with others*) gaily informed viewers that 'now was not the time' on matters EU, and in any case he'd had 'only a few' letters from constituents so it was clear they were happy.

    * https://www.guardian.co.uk/politics/2011/oct/24/eu-referendum-vote-william-hague?newsfeed=true

    I must say it never occurred to me to write to my MP, as I tend to contact him on more selfishly pressing, local concerns. Maybe I should think more macro, though 'you'd better live up to our deal' seems a bit daft in those terms. But, hey, I am co-funding his package.

    Such reticence does not seem to have afflicted one of his colleague's constituents.

    https://blog.dorries.org/id-2009-2011_10_Mail_Bag.aspx

    It will be interesting who gets 'invited' to 'share' what 'the people are saying to them' in the next few days.

    Wrong kind of 99% on the line?

    https://bbc.kongjiang.org/www.bbc.co.uk/news/uk-england-london-15425738

  • Comment number 90.

    Newsnight Tonight and this week.

    ‘Fergal Keane's Zambia film tonight kicks off a week of special reports about food security and a rising global population on Newsnight.’

    This is indeed good news to me, as I had given up blogging on the lack of focus on population growth as the main cause of this country’s (and many of the world’s) problems, from ecological destruction to poverty, child mortality, and armed conflicts throughout the world. Many studies have indicated a strong link between population pressure and violence - both in rats and humans! e.g:-

    https://jpr.sagepub.com/content/42/4/417.short

    https://www.humansecuritygateway.com/showRecord.php?RecordId=20550

    As Dr Scott states "I think the main problem is that the population for Zambia is about four times too big for the economy. And I think that is the danger with large scale intensive farming; it tends to be capital intensive, it tends not to create jobs and at the same time tends to displace people who are unemployed from their fall-back position which is to be subsistence farmers."

    It is refreshing to hear that a British-owned company will retain some measure of commitment and support (other than cash hand-outs) in a Commonwealth country, compared to China, Asian and Arab 'developers' that have no history of involvement or investment in Africa, other than to access raw material and arable land without employing local labour. Perhaps the 'Commonwealth' will now start to become just that again, and Britain may be able to depend less on our financial and legal ties with EU?

    I retain a love of both Zambia and neighbouring Malawi from previous development work (and liaisons!) there, and have seen subsistence farming get less and less sustainable as a way of life-support, as fields are continually sub-divided into non-viable units amongst ever-growing family numbers. The danger is, as Dr Scott states, commercial greed, with the profits going to the few and not the many: a problem which the ‘developed’ world might now at last be confronting and challenging.

  • Comment number 91.

    "COALITION FORMED IN THE INTEREST OF BRITAIN" (Dave)

    And there was I, thinking it was formed as the only way Dave could be PM-with-an-overall-majority, and the only way Nick could get any kind of grand title - quickly.

    Does anyone here think the coalition was an altruistic act?

    In passing: didn't the e-petition work well. Changed the whole dynamic of D MOCK CRASS Y!

  • Comment number 92.

    #73 brown-dog

    Awesome post...and so true.

    Keep posting!

  • Comment number 93.

    @92 Who are you trying to kid? Ir's obvious that you are an avatar for JadedJean/Statist/tabblenabble01/02, and that brown_dog is your sockpuppet - a Gollum to your Smeagol. It's not only an abuse of the system, but an insult to the intelligence of other bloggers.

    How do you have the cheek to complain about the Narcissism/Solipsism/vanity of others, when you keep having these conversations with yourself?

  • Comment number 94.

    93.At 19:41 24th Oct 2011, Sasha Clarkson wrote: "It's not only an abuse of the system, but an insult to the intelligence of other bloggers."

    First of all, Brown-Dog is not MuseV.

    Second, it's inevitable that some people will over-estimate their intelligence given the long-term genetic decline in population standards and the misleading peer-norming which has come with it. In brief, many people now have an inflated view of their own and other people's intelligence.

    Third, as low and high intelligence are basically measures of genetically expressed ability neither are grounds to praise or blame, so insult does not come into the matter, except for people who don't understand these measures. These tend to be narcissists who probably should not be allowed anywhere near the education profession, even though in our system it tends to attract them like bees to pollen as it affords them the opportunity to perform to, and often devalue, young captive audiences.

    Finally, it's WHAT'S posted which matters, not WHO posts. Who writes comments does not matter, except to narcissists.

    Your posts are most revealing in this respect, which is why I commented, it is part of an endemic problem. perhaps you do not see the point of these comments. It is not to self advertise..

  • Comment number 95.

    Paul M's piece was poor. The cancellation of the finance ministers meeting was its main news. Sensationalised to bits, and backed up by incoherent murmurs from unidentified government officials, it omitted to say a heads of government meeting had replaced that of their finance ministers.
    Do us a favour - replace your jingoistic arrogance (Paxo once more unable to refrain from pronouncing Rumpy) with sound economic analysis.
    Face it - the UK is not in the frontline of these negotiations and frustration at this is betrayed by your hyping up of non-facts; accept that real talent does exist abroad and even in Brussels; analyse the true effect of the UK's policy of forever wanting to be "in" and "out" at the same time, and correlate this to the slow disintegration of our own United Kingdom.

 

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