It's a nightmare. The regime is seizing banks, using predatory powers it has awarded itself, under the guise of recapitalising them and 'saving' the country from a financial meltdown.
A financial meltdown may or may not come anyway and it is certainly not within the control of government, but the incorporation of most of the United Kingdom's banks into the state is a major blow to democracy and giant step in the installation of authoritarian rule.
The Telegraph reports that Brown 'became increasingly frustrated as banks refused to take up last week’s offer of Government investment, decided to act after being told the full scale of the banks’ difficulties...
Royal Bank of Scotland has been ordered to accept up to £20 billion of investment, making the Government the majority shareholder...
The Financial Services Authority is understood to have put pressure on the banks, forcing some of them to take more money from the bail-out plan than they needed.
Under the new plan, the state will take a combination of preference and ordinary shares and is likely to appoint members to the boards of RBS and HBOS.
Trading in bank shares may be suspended this week 'to give investors a chance to digest the plans'.
We are watching the world in black and white again.
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6 comments:
For marking, Miss.
Latest post on E-K:
"The banking crisis marks the end of Thatcherism." (BBC television news report)
Thank God for Nu Lab bringing an end to all of that then.
Modern Socialism (E-K's definition): Any policy which leads to failure, any policy which rewards failure, any policy which leads to more policy (more Government).
This is why socialism takes over like weeds so easily - it may seem like clever implementation and maneuvering but the rule-of-thumb to make socialism grow is a very simple one: socialists, by default, always follow those ideals which lead to failure and then convince us that more socialism is needed to put those failures right. Their only true skill is in the good marketing of bad ideas.
This is all there is to it.
This is why Brown now looks happier than he has for months. For a while he looked ill because he'd forgotten that his primary function wasn't to be a 'brilliant' Chancellor - for a while he got swept up in all the adulation - and so, when the economy fell apart (as many of us knew it would) we could see that his hard earned credibility and his mind were falling apart too. But now warmth washes through him like rarest brandy as he realises that his Manchurian mission is nearing completion - and that mission was to enable the systematic take-over of Britain by socialists. The impetus for this was possibly triggered through subliminal impulses implanted in him whilst at university but who would have thought that the banks - arguably the last bastion of capitalism in Britain - could have fallen for such a simple and subconsciously implemented ruse ?
Now for the cover-up: "End of Thatcherism" the "Icelandic 'War' " - The BBC is well and truly on the case.
The BBC - after decades of overtly left-wing recruiting policies - is controlled by the very same memes as Nu Labour.
hey, HG, you got a BBC link
congrats !
And to you and Capitalists, ND. You are capolista.
'This is all there is to it' I would take you up on E-K. Amen to the rest.
There is the criminalisation of the entire population from young children to the old. In other countries people have all sorts of rights to do all sorts of things. In the United Kingdom it is supposed to be that only what is specifically forbidden cannot be done without risking punishment. We all felt very good about that, and went about our lives not minding that our constitution did not enshrine specific freedoms and rights.
Until this regime came to power and has made any action capable of being defined as criminal should they so choose. Any action whatever, including what you think and say. There is no redress.
For example, go on a demonstration in Italy and you know what you're letting yourself in for; if the police take it into their heads they will beat you, arrest you, and beat you again while held. They do sometimes. Knowing this, demonstrators will fight not to be captured and fight to release their friends. But those are the rules of demonstrating and when they have finished they know that they must face the inevitable disciplinary action, trials for assault, etc. So there is some level of standoff in a much higher potential level of violence.
Demonstrate in the UK and you have committed a crime, just by being there. Lots of crimes actually. And if they catch you and shoot your head off they will not be charged or tried, they will be outside any discipline because you do not have any constitutional rights to be anywhere at all at any time no matter what you are doing. Even if you succeed in refuting any charges laid against you you will remain criminalised, and thus penalised, on national and international data bases.
Which is different from anywhere else in Europe and most of the rest of the world. It wasn't like that, not formally, even in the socialist and soviet republics.
It isn't all there is to it under authoritarian socialist rule in the UK.
Thanks.
Is that all I left out ?
You left out being cross with ranting, which is very good of you E-K.
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