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Wednesday, April 22, 2009

£20bn of public property to be sold off to finance banks bail-out

The Government is planning to sell £20bn-worth of public property over the next 10 years to help recoup the billions spent bailing out the banks.

"the Banks are buying up our country with our money - they are transfering our assets to the Bankers (through corporations which the banks effectively own anyway through the title of the loans they advance those companies) - and get this - it is such a twisted wicked scheme that we get to fund the bankrupt banks to take our national assets as well.

This is the undoing of our democratic parliamentary system - this is the nature of the wicked schemers that lord over the people of the UK. "

sketched by dweller at 8:29 am

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Friday, April 10, 2009

Blog from an inter city train

I#39;m on a train to Devon for an easter break. Travelling out of London always makes my mind drift to the subject of why I'm slaving away doing my full time job and living in a noise and dust polluted slavebox when all those other people are writing plays, making quirky bits of art, creating music, etc etc or just discussing cool interesting things that I never have time or energy to do. My only focus seems to be on keeping healthy enough so I can function well at my workplace. Fact is the work itself and my lack of time for any creative outlet that is affecting my health. So I should probably do something about it. I could quit or reduce my hours. But I feel I need to do something more radical. I haven't figured it out yet. Problem is a lack of confidence. I know I can do my job well, my crazy thoughts and ideas, passions or urges are mere self indulgent claptrap. Or are they? I enjoy other peoples self indulgent creations. In fact I think its a rich facet of life that many hurried and hassled Brits never tap into in the modern world. The language of life has fewer and fewer words. Fewer words = fewer thoughts and ways of living. A more homogenous and apathetic population. Keep working keep breeding. This is life. Ask no questions. Write no letters. Build no fires. Don't hike out of the city and scream at the top of your lungs from a hilltop. No strap yourself into a gym fetish machine and plug in your earbuds. I suffer from internet addiction. Serious life destroying internet addiction. I've got OCD growing on my OCD. It's so hard to quit. I keep looking back to 1997 and before. I believe our lives were richer then I truly do. Too many silly repetitive habits I've now picked up like a tiger pacing up and down in a cage. A saddening sight. If you could see yourself with others eyes maybe you'd weep at the futility. Anyway have a happy easter. And may the bunnies eat the eggs before the cross bleeds.

sketched by dweller at 1:43 pm

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Thursday, April 02, 2009

The larger evils invariably escaped their notice.

"Heavy physical work, the care of home and children, petty quarrels with neighbours, films, football, beer, and above all, gambling, filled up the horizon of their minds. To keep them in control was not difficult. … It was not desirable that the proles should have strong political feelings. All that was required of them was a primitive patriotism which could be appealed to whenever it was necessary to make them accept longer working-hours or shorter rations. And even when they became discontented, as they sometimes did, their discontent led nowhere, because being without general ideas, they could only focus it on petty specific grievances. The larger evils invariably escaped their notice."
— George Orwell, Nineteen Eighty-Four.

sketched by dweller at 10:43 am

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how our leaders are propping up this sick system of rich bankers

THE Obama administration’s $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal. Actually, it is a win-win-lose proposal: the banks win, investors win — and taxpayers lose.
Treasury hopes to get us out of the mess by replicating the flawed system that the private sector used to bring the world crashing down, with a proposal marked by overleveraging in the public sector, excessive complexity, poor incentives and a lack of transparency.

What the Obama administration is doing is far worse than nationalization: it is ersatz capitalism, the privatizing of gains and the socializing of losses. It is a “partnership” in which one partner robs the other. And such partnerships — with the private sector in control — have perverse incentives, worse even than the ones that got us into the mess.
Joseph E. Stiglitz

The whole Geithner plan stinks. It is even more of the same, socialising the losses and provatising the profits and Stiglitz is not the first to point out that this plan is just a way of robbing the taxpayer to get the nasty stuff off the banks' books without looking like pure nationalisation of the debt to the man on the street.

It is disgusting!

The fact that 90% of the population aren't rioting in the street suggests that the US public are bovinely cowed and stupid...or is it that a large portion of them believe that, given their obscene debts, this will work out well for them? Whatever the case the whole thing fills me with loathing of the whole system...there is absolutely no morality left. I see no reason to be honest and hard working anymore...none. I've more or less come to the conclusion that tax evasion is a moral duty. Boy are my kids going to get a different lesson about how to behave in society than what I did from my parents.

The only way to get these toxic assets off the banks' balance sheets in a fair way that does unduly encumber the taxpayer, is by allowing the banks to fail. Certainly there would be a certain cascade effect, but being "too big to fail" is absurd, and creates moral hazard - if a bank only borrowed and lent enough, it would put the taxpayer at its mercy by being "systemic". But the hopeless flailing around with obfuscation schemes designed to transfer the "systemic" risk to the taxpayer, is no less systemic once it sits uncomfortably on the public balance sheet, and given the globalisation in the finance industry and the politicisation of these decisions, are simply protectionist.

The Banks must be allowed to fail. The losses must be accepted by equity holders and bond holders. The fools must be parted from their money. It will hurt. It might even be seen as depressionary. But it will be over much sooner, the market will find its bottom, the point from which it can recover. However, a finance industry absolved of its utter failure, transferred to an overburdened and newly indebted taxpayer, is a recipe for a much longer and intractable depression.

Yesterday's demonstration in London is really just the tip of the iceberg.. The *ankers waving money from the windows is like the french gentry's behaviour just before the revolution.

This is the start.. Just wait until later this month when Brown ups the tax to extortionate new levels and by the end of the year, we are all watching our food and fuel skyrocket, and interest rates get hiked .. We are nearly at breaking point.. I think the majority of the population are in denial at the moment, but that will soon turn to anger and we WILL have civil unrest.

History does have a habit of repeating itself. Mark my words, please somebody.. quote me in 12 months time.!!

sketched by dweller at 10:14 am

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I'm a mild man but it's time for a fucking global revolution just to teach these fucks a lesson

by Almart on the guardian blogs

Let me see if I follow here:
The banks lose trillions of dollars
The world's leaders steal our money to give them back the money they lost (not in order to replenish out lost pension funds and retirement funds, btw, but in order to replace their empty coffers since these banks were loaning out at a rate of 50 bucks for every 1 buck they actually had)
The world's leaders meet in London to discuss how to steal more of our money
We protest
And the police who are paid by our money beat the crap out of us.

In other words, we pay for the banks to lose money, we pay for the leaders to pay the banks, and we pay for the police to beat us.

Seriously, I'm a mild man but it's time for a fucking global revolution just to teach these fucks a lesson if nothing else.

sketched by dweller at 12:36 am

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british police tactics at g20 protest and protests in general

by _float_ of Urban 75 forum.

Stage 1: get in the way of marchers at the last minute (ie just before the BoE) and try and push them backwards in on themselves. Cut the crowd into managable 'chunks' using barriers and lines of officers. Prevent people from going down side streets. Prevent people from going in or out of certain areas. "Shape" the crowds into static lumps of a certain size and keep them there against their will, to demoralise the more 'casual' protestors. Shaping the crowd mans that no one section is more than a certain size. Keeping it static means that people can' choose where and how they protest, and allows stage 2 to progress.

Stage 2: Keeping this 'holding pattern', get increasingly kitted up and start rough-housing the crowd in sections - push them around pointlessly and start beating them, but don't let them leave. Further wears down and demoralises people and also provides the pretext for next stage...

Stage 3: The 'controlled release' phase - disperse the 'softer targets' in the crowd in small increments, by baton charging and pushing the crowd around, but now allowing some people to escape. Because people have been held so long most will immediately decide to go home at this point. On the way out they are intimidated and isolated so are easier to bully and instruct, less likely to join another demonstration. In effect the softer targets are bullied off the field of play.

Stage 4: The "Finish them off" phase - anyone who still remains is driven further together and can now be labelled as "the hard core" - by the fact they have remained (and ignoring that they have been penned in). At this point they can be baton charged repeatedly, the media will have run away and its too dark for decent footage, news deadlines have past and the remainder can be arrested, id-ed, searched etc.

This strategy is put in place beforehand, and enacted regardless of how peaceful people are. Anyone wanting to uncover the documentation and management of this by senior officers is told to get fucked on the grounds of operational secrecy, public safety and national security. The proof exists however by looking at even after event where the same thing is put into effect, regardless of people's "right to protest" or how well behaved people are.

Great country we live in, isn't it?

sketched by dweller at 12:29 am

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