Category: politics

Public Coffers Hammered

 Impressed: An image provided by West Ham which shows how the stadium could also be used as a concert venue after the Games

The new English Premier League football season begins today. As as life-long West Ham United supporter my expectations for a successful season are typically low. If the Hammers finish in a top eight position and have a good cup run I’ll be happy. With our move away from our spiritual home at the Boleyn into the Olympic Stadium at Stratford, east London next season, it’s imperative that we maintain our premier league status.

With a new manager and former player (who appears to be finally attuned to the  entertainment ethos of the club that the fans demand) in place, all is relatively good on the playing side of things. As far as the fans are concerned, off the park shenanigans are good too given that those who run the club plan to substantially reduce season ticket prices in an an attempt to fill the stadiums 54,000 capacity – a model that other clubs are encouraged to adopt (1).

But here’s the problem. West Ham United are paying just £15million towards the £272million cost of converting the Olympic Stadium despite the fact that, should the club still be a Premier League next year, it will – under the terms of a new TV deal – be entitled to a payout of at least £99million (2).

Small business people, many whom whom run their businesses on extremely tight margins, might be wondering how the elite within football, like multi-millionaire lady Brady, who brokered the deal are apparently immune to the kind of market forces that the former are compelled to adhere to?

As far as the super-rich with contacts to the top echelons of political power – whether they be premier league chairmen or City bankers – are concerned, it would appear that the kind of business risks the rest of us are prone to, is not applicable to them. The Premier League football racket is akin to the banking racket.

The Benefit Sponging Elite

Last night another row erupted after it emerged that hedge funds rushed to gamble on RBS shares falling in value after government plans to start selling its stake were leaked last week. (file image)

I was in my local cafe earlier today and nearly choked on my bacon sandwich at the sheer audacity of the banksters. I happened to glance over at the adjacent table at the copy of the Daily Mail somebody had left open. I generally detest this rag, but have to admit that every now and then it does come up with the occasional nugget.

The paper does appear of late to be on a mission to undermine Osborne and the Tories. As I alluded to in post on August 4, it was clear that the Tory Aristocrat had garnered some insider knowledge prior to the part sell off of RBS thus providing the opportunity for his mates in the City to, once again, pillage the public purse- this time to the tune of a cool £1bn (1).

This was money which no doubt could have been better spent on bailing out a non-taxable status charitable organisation like, for example, Kids Company run by Camila Batman (and robber?) ghelidjh. Maybe an extra billion added to the £3 million Cameron nodded through to the bankrupt charity would have saved it?

But anyway back to the latest banking scandal. With her insider knowledge and connections as a former City banker, it’s highly conceivable that Treasury minister, Harriet Baldwin. who defended the sell-off, would have advised Osborne on the matter.

The Daily Mail’s Banking Correspondent, James Salmon, revealed that hedge funds rushed to gamble on RBS – a ploy known in the market as ‘shorting’ – “may have generated profits of more than £10 million, This is because the bank’s share price fell in the days before the government sell-off.” (2).

Labour MP John Mann, a member of the Treasury select committee, said: “Yet again hedge funds and bankers are making money and the public are losing out.” (3). A few days ago former City trader, Tom Hayes,was given a 14 year sentence for his role in rigging the Libor interest rate. (4). But he is merely the sacrificial lamb for a much wider and systematic corruption that begins at the very top. The fact that these kinds of abuses are allowed to continue in the context in which people struggling on benefits are jailed for stealing food (5), is the scandal of our time.

The former Republican analyst Mike Lofgren, disgusted with what his party had become, said the following about the economic elite in the United States:

“The rich disconnect themselves from the civic life of the nation and from any concern about its well being except as a place to extract loot. Our plutocracy now lives like the British in colonial India: in the place and ruling it, but not of it ” (6).

He might as well of been talking about the UK, which is basically little more than the 51st state. Osborne and Cameron identify more readily with a transnational elite than with the other people of this nation. The proof is in the pudding. On behalf of this elite, the government gives away a staggering £93bn a year in corporate welfare – a sum bigger than the deficit.(7). It champions the Transatlantic Trade and Investment Partnership; a graver threat to the interests of this nation than Islamic extremism.

And yet there is a iron-cast consensus between the Tories and the Labour hierarchy in terms of their unwillingness to tackle the problem. This explains why the latter distance themselves from the populist Jeremy Corbyn who wants to put and end to this kind of revolving door political cronyism.

The real benefit spongers are not those who feature on low brow documentary programmes, but rather they are the elites who occupy the corridors of the plush buildings within the City of London.

Forgotten British Victims Of Jewish Terrorism

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On August 1, 2015, members of a newly-formed group Forgotten British Heroes Campaign held a wreath-laying ceremony near Trafalgar Square, London, in remembrance of Jewish terrorist attacks on British servicemen, Crown servants and civilians in British occupied Palestine in the late 1940s. The wreath-laying ceremony was followed by an indoor meeting and film show in West London. The meeting was addressed by Jez Turner ofLondon Forum, Peter Rushton, assistant editor Heritage and Destiny magazine and Lady Michele Renouf, director of Telling Films.

The ceremony recalled the following victims of the Jewish terrorism.

1. The two 20-year-old British Army sergeants, Mervyn Paice and Clifford Martin, who were kidnapped in Palestine by Menachem Begin (latter prime minister of the Zionist entity), head of the Irgun Jewish terrorists, and then on 31st July 1947 were hanged with piano wire in the eucalyptus groves at Netanya. Their bodies were booby-trapped in the hope of killing those who came to cut the bodies down (see picture on top).

2. The 100 British Army personnel, Crown servants and civilians who were murdered by means of a huge bomb planted by the Irgun in the basement of the King David Hotel, Jerusalem, on 22nd July 1946;

3. The murder by parcel-bomb in May 1948, in Britain, of Rex Farran, brother of Captain Roy Farran DSO, MC – an SAS anti-terrorism specialist. Rex opened the parcel addressed to “R. Farran” at the Farran family home.

4. Tthe murder of Walter Edward Guinness (Baron Moyne) DSO, and Bar, Secretary of State for the Colonies, and his British Army driver, Corporal Fuller, on 6th November 1944. The hand-gun assassinations were carried out in Cairo by the Lehi (also known Stern Gang) Jewish terrorist group.

5. The massacre of Arab civilian villagers at Deir Yassin, Palestine, in a combined operation by the Irgun and the Lehi on 10th April 1948 – killing 100 villagers half of them women and children.

On the day, a letter was delivered to the Israeli Ambassador in London, Daniel Taub, recollecting the details of the above and other Zionist crimes which continue until this day, and demanding, among other things, that Israel pay compensation to the families of the victims of Jewish terrorism, build a ‘Museum of Zionist Terrorism’ in Jerusalem and institute courses about Zionist terrorism in Israel’s schools as a warning to future generations.

The letter was signed by Martin Webster, Richard Edmonds, Jeremy Turner, Lady Michèle Renouf, and Peter Rushton.

The above article was posted by courtesy of Rehmat’s World at:

http://rehmat1.com/2015/08/04/forgotten-british-victims-of-jewish-terrorism/#comment-10781 

Banking Racketeers Set For Another Windfall

A sign is displayed outside of a branch of The Royal Bank of Scotland in central London, Britain May 20, 2015. REUTERS/Neil Hall

The UK Chancellor’s announcement that he plans to sell-off £2 billion worth of the 79 per cent stake the government has in RBS over the coming fortnight is, according to Unite national officer for finance Rob MacGregor, “recklessly irresponsible”(1). RBS shares that stood at £6.88 in 2007, are now valued at £3.30 (2). It should be noted that the shares have not been offered to the people who bailed out RBS, that is us, the taxpayers but to the Tories’ city friends.

The decision by Aristocrat Gideon Osborne, who seems set to be next in line to take the reins of PM from his friend David Cameron (3), and who promised action on tax avoidance (4), despite the fact that his family business has avoided tax (5), is defended by Treasury minister, Harriet Baldwin. Why would she defend the sell-off which will result in a £1bn loss to taxpayers, you may ask?

Well, it could have something to do with her connections within in the banking racket. Having joined investment bank JP Morgan Chase in 1986, she then became managing director and Head of Currency Management at their London office in 1998. She left the bank in 2008, after more than two decades with the bank (6). Maybe she has advised Cameron to get shot of the RBS millstone before his transition to PM.

The chief architects of the RBS collapse, Fred Goodwin and Sir Tom McKillop seemed to have disappeared into the ether.

To sell these shares when business is slow, many are on holiday and the stock market depressed, means its the opportune time for these scoundrels to defraud us for the second time round, which of course is really what this latest scandal is all about.

If, after this latest act by the page boy to his dads banker friends in order to further the interests of the banking racketeers, won’t have awaken the masses from their slumber, then I fear nothing will. There is no clearer illustration we are being taken for a ride than the governments collusion with the bankers as highlighted by this sell-off.  Austerity amounts to the raiding of the public coffers to bolster the pockets of the super-rich (7).

As economist Andrew Fisher alludes, this is clearly an ideological and dogmatic move by Osborne, not a financially pragmatic one:

“Banks that owe their continuing existence to public funds should be acting in the public interest — investing in the productive economy, reducing the margins between their lending rates and savers’ rates, and ending the fat-cat bonus culture at the top, while underpaying and laying off cashiers at the other end.”(8).

The Financial Times reported yesterday (August 3) that Osborne wants to flog off £32bn worth of public assets by the end of the financial year, as part of a strategy to reduce the role of the state that will do nothing to stimulate growth (9). The £32bn worth of public asset stripping that is to include the Met Office, Ordnance Survey and air traffic controller Nats, breaks even Thatcher’s record (10).

We are not in this mess because politicians are stupid but because of the cozy relationship that exists between them and the bankers who the latter lobby on behalf of (11). The Guardian outlines how it all works. A commentator on Craig Murray’s blog argued that:

“The entire RBS saga is a scam from start to finish:

• All banks make huge profits by lending prodigiously.
• Concentrate bad debts in a few banks.
• Instill ‘too big to fail’ meme.
• Order politicians to ‘nationalise’ compromised banks at huge cost to tax-payers.
• Continue injecting billions until ‘nationalised’ banks have paid off the lion’s share of bad debt.
• Sell bank back to bankers at knock-down price” (12).

Another commentator from the same blog makes another apt point:

“Note the bastards didn’t buy voting shares in RBS: the taxpaying sucker didn’t even have the opportunity to reform the bank. Lovely little restructure: the retail arm goes to another retail bank for a knockdown price (W&G may not have been too wise buying it even then), while the crooked division ends up divvied up between hedge funds. And lives to cheat another day” (13).

Don’t forget dear readers, we are all in it with the aim of getting the deficit down.

Snouts, Troughs And Revolving Doors

A House of Lords peer has been criticised for claiming up to £5,700 a month for walking to work from her £4.5m home 200 yards away in Westminster. Baroness Wilcox a former Tory minister has been accused of exploiting a new tax free payment of up to £300 a day. The 74 year old former Cadbury’s Schweppes director who takes home £74,400 in parliamentary attendance allowances has not broken any rules (1).

Many other peers are thought to be claiming the allowance despite despite living in and around the Westminster area. Labour MP John Mann said, “It’s a scandal as big as the MPs expenses scandal. “There is a lack of transparency”, he said. “There is no evidence that these people stay around even when they sign for their money”, he continued (2). That confirms the impression I had, namely, that these parasites just stick their heads around the corner before making their way to the subsidized canteen for their lunch.

Mann said, “this place is mired in sleaze – people doing business deals and exploiting their position and the abuse of their expenses is just one strand of it”(3). The most valuable thing about being a peer, is the title that comes with it because you can append it to the note paper of any shady organization. You will be made a non-executive director – a non-job – which means that you don’t have to show up. Their title alone will be sufficient to whitewash dodgy company practices that they put their names to.

Analysis by the Daily Mail found that 124 of the 161 Lords that live in London claimed the daily allowance this year. They claimed £763, 350 in two months. It’s estimated that the annual bill will come in at around a staggering £3.8 million (4). The total costs of Lords expenses in 2013/14 was a staggering £21.4m (5). We’re all in it together to get the deficit down!

Lord Paul, whose steel business is worth £2.2 billion received more than £40,000 of our money for attending Westminster last year (6). He is one of three peers with combined family fortunes estimated at more than £4.5 billion who together were paid more than £100,000 in tax payers funded attendance allowances last year. The revelation raises fresh questions about the unelected multi-millionaires given a crucial role in making Britain’s laws.

Despite his vast wealth, Lord Paul appeared in the Lords on 134 days last year pocketing £40,200 (7). Yet he spoke in the house on only three separate occasions for a total time of just 14 minutes.  Top Tory donor, Lord Kirkham worth £1.15 billion attended 181 days, claimed £24,300 and made no (zero) speeches (8). We’re all in it together to get the deficit down!

Darren Hughes of the Electoral Reform Society said, “our unelected chamber is in dire need of a clean out” (9). According to radio presenter Nick Abbot they also get to claim expenses for travel, parking, taxis, trains, business class on planes, top hotels, postage, office expenses and IT equipment. If they manage to wangle a meeting they get to claim for two extra days on either side of it. They are also entitled to free trips away on “parliamentary business”, says Abbot.

There’s also committee meetings and parliamentary delegations and travel with the armed forces, and to outreach programmes, and to the Scottish parliament, European parliamentary business and on and so forth. To top it all, none of it is taxable (unlike, for example job seekers allowance) and they don’t even have to declare any of it on their tax returns. We’re all in it together to get the deficit down!

UK Government Assurances Increase The Risks To The Public

We can rely on the government to have our best interests at heart, right? Wrong. On July 20, I posted about the fact that the government is suppressing figures that highlight a link between benefit cuts for the most vulnerable and suicides (1). Unfortunately, that’s just the tip of the ice berg. Political scandals and lies are an endemic feature of the UK establishment which stretch back decades (2). Here’s a couple of scandals that have recently come to light.

In his book, The Underground Serial Killer, former UK detective inspector for Scotland Yard, Geoff Platt, claims that the Home Office covered up a killer who pushed twelve people on to the tracks of the London Underground.

Northern Line

Mr Platt says police kept the claims quiet for fear of sparking a panic on the Underground (Getty)

Kiernan Kelly who is serving life in Wakefield prison, admitted to sixteen murders between 1953 and 1983, twelve of them on the underground. Platt said the records were not made public until last September. According to Platt, Kiernan targeted his victims on the Northern Line. In 1983, when in police custody, Kelly murdered his cell mate for snoring loudly. He then confessed to fifteen more killings.

He was charged with five counts, four underground killings and one for the murder in the cell. Platt said his research found an awful coincidence where people who had jumped on the Northern Line tracks had been standing near Kelly. Incredibly, Kelly gave witness statements to the police who failed to put two and two together.

In the early 1950s, Kelly spent time in Wandsworth prison. In the five days he was there, he had three days out. On each day, someone died on the tracks. “As soon as the story became clear, the Home Office made it perfectly clear they did not want the story to go any further”, said Platt. He added, “I can understand that the Home Office didn’t want people scared to travel”….Really?  Wouldn’t you, dear reader, want information that somebody was pushing people onto the tracks on the underground made publicly available, particularly if you were travelling from Clapham on the Northern Line? I know I would.

Platt said, “The government were afraid of mass hysteria, not earning money or going to work.”  So once again, it’s all about the money. Platt continued: “Now the case is in the public domain anybody who wants to can read about it.”  That’s comforting! The Home Office said, “any evidence to suggest that a crime has been committed is a matter for the police.” The implication seems to be of the “so don’t question us, peasants” variety.

The fact that the government hides stuff from us in this way, is of course, in our own best interests. But it doesn’t end there. The European Union is suing the UK government because the air in the country is not fit to breath (3). For many years the government has been pushing the alleged benefits to the public of diesel. But then it was discovered it was diesel fumes that were killing thousands of people prematurely in London alone (4).

Although this has just come to light within the public domain, successive governments’ have known about this for over two decades. Scientists warned British ministers twenty two years ago that their planned ‘dash for diesel’ could cause a public health disaster but were ignored (5).

Concerns about air quality were sidelined by civil servants in favour of climate changeConcerns about air quality were sidelined by civil servants in favour of climate change (Alamy)

Almost 30,000 UK deaths a year from air pollution do not factor in lethal nitrogen dioxide from diesel engines (6) which when taken into account, pushes the figure to 50,000 deaths (7). In Europe, an estimated 500,000 people die prematurely as a result of air pollution every year, a figure that would be significantly higher had NO2 been factored in (8). Globally, a staggering 3.4 million people died from air pollution in 2010 (9).

In the UK, many deaths from diesel could have been prevented had ministers heeded a 1993 report handed to them by the environment secretary, John Gummer (10).The report said the impact of diesel vehicles on urban air quality is a serious one. Any increase in the proportion of diesel vehicles in urban streets is to be viewed with concern – diplomatic language for “you now have a greater chance of dying”. The documents show that concerns about air quality were sidelined by civil servants.

The annual death rate in England and Wales from illegal drugs that the government claims to be at war with, as of 2013, stood at 1,557 (11).  And yet diesel omissions which contribute towards 50,000 deaths a year is somehow regarded as a low level risk.

In twenty years time will we be looking back in shock at the scandal of a government that is currently suppressing the link between benefit cuts for the most vulnerable and suicides in the same way as we are doing in relation to the two incidents described above that have come to light now? The only thing we learn from history, is the fact that we learn nothing from history.