GEORGE BARNSBY DAILY BLOG NO.586 MONDAY 29TH SEPTEMBER 2008 www.gbpeoplelibrary.co.uk
Tuesday, September 30th, 2008_________________________________________________________________________________________________________________________________________
WOLVERHAMPTON THE MOST IMPORTANT CITY IN BRITAIN. RAISED BY ITS OWN BOOT
STRAPS FROM THE PERCEIVED CAPITAL OF RACISM IN BRITAIN IN THE DAYS OF ENOCH
POWELL TO THE CULTURAL, EDUCATIONAL, SPORTING AND BUSINESS CAPITAL OF
BRITAIN IN 2009.
_____________________________________________________
IS THE WORLD DOOMED OR JUST CAPITALISM?
Max Hastings, one of my favourite military historians tells a morality
tale for today in the Guardian today. He tells of visiting New York in
1944-45 to research a book and meeting an enchanting old lady, Edith Gabor,
who had survived several Nazi death camps.. After spending three hours
listening to her story, he stood on the pavement outside her apartment
waiting for a taxi. The cab did not come. He became at first impatient and
then emotional. The little Hungarian Jewish octogenarian came and stood
beside him on the sidewalk. She laughed heartily and said, ‘Relax. Its not
important. When you’ve been in a death camp you see that [missing a cab and]
an aeroplane really doesn’t matter very much’.
Hastings then talks of the current western financial crisis makes
President Bush’s ‘war on terror’ seem footling and however serious the slump
it does not threaten systematic disaster for western societies. If we
measure today’s woes with those of former eras, particularly 1939-45 when we
went from being one of the richest nations on earth to one of the poorest we
should be able to muster enough courage to endure the credit crunch. Western
capitalism is suffering a richly deserved shock to its hubris [insolent
pride for those who, like me, do not know the meaning of hubris] but if the
worst that can happen is that we lose a little money, then it ill becomes us
to make too much of it.
Certainly a reassuring and comforting thought even though Bush and
Gordon Brown and his cabinet continue their mass murder of innocent
civilians in Iraq, Afghanistan and elsewhere.
No, there is a real fear that what CND, Liberty and Searchlight
International most fear will come about and that the maniacs who believe in
nuclear weapons have it in their power to physically destroy the world. We
had an example of this quoted in the BLOG a couple of nights ago of a
Russian envoy to Nato who did not report that missiles had actually been
discharged and so saved us from extinction. The man was being disciplined,
but most of us would be thankful, because we are still alive. While nuclear
weapons exist there will always be maniacs ready to use them and,
unfortunately these include our Prime Minister, Gordon Brown, and some of
his cabinet.
THE VIEWS OF JOSEPH STIGLITZ ON BUSH AND THE HYPOCRISY OF CAPITALISM.
The professor of Columbia University and recipient of the 2001 Noble
Prize in Economics tells how the present economic crisis is the result of
dishonesty on the part of financial institutions and incompetence on the
part of policymakers. Complex transactions were designed to move risk and
disguise the sliding value of assets. In this game there are winners and
losers. Most economists believe that we have the know how to avoid a
catastrophe on the 1929 level, but it is difficult to have faith in the US
government that oversaw the utter mismanagement of the war in Iraq and the
response to Hurricane Katrina. If any administration can turn this crisis
into another depression it is the Bush administration. Some of America’s
brightest and best were devoting their talents to getting around standards
and regulations designed to ensure the efficiency of the economy and safety
of the banking system. Unfortunately they were too successful and we are
all - homeowners, workers, investors, taxpayers - paying the price.
MICHAEL MOORE ON THE FINANCIAL CRISIS - THE RICH ARE STAGING A COUP.
The biggest robbery in the history of the US is now taking place right
now, though no guns are being used. After stealing a half trillion dollars
to line the pockets of their war-profiteering backers for the last five
years ; after lining the pockets of their follow oilmen to the tune of one
hundred billion dollars in the last two years, Bush and his cronies, who
must soon vacate the White House are looting the US Treasury of every dollar
they can grab. They are swiping as much of the silverware as they can on
their way out of the door. They are up to their old tricks of creating fear
and confusion in order to keep themselves and the upper one percent filthy
rich. Even as policy makers worked on details of a $700 billion bail out of
the financial industry they began looking ways to profit from it. Financial
firms were lobbying to have all manner of troubled investments covered, not
just those relating to mortgages. At the same time investment firms were
jockeying to oversee all the assets that the Treasury plans to take off the
books of financial institutions, a role that could earn them hundreds of
millions of dollars a year in fees. Even Treasury Secretary Poulson admitted
that he didn’t know the exact amount needed, he just picked the $700
billion out of his head.
And yet they are screeching that the end is near. Panic! The Great
Depression! Bird flu! Killer bees! The sky is falling in . Falling for who?
Nothing in this bailout package will lower the price of the gas you put in
your car. Nothing in the bill will protect you from losing your home.
Nothing in the bill will give you health insurance. [Health insurance, Mike?
Why are you bringing thus up?] It has everything to do with health. The
number one cause of bankruptcy is Health bills. If we had universal health
coverage this mortgage crisis might never have happened.
The bailout’s mission is to protect the obscene amount of wealth
accumulated in the last eight years. Its to ensure that the yachts and
mansions of the minority who control America are protected , while the
rest of America suffer and pay the bills. Let the rich suffer for once. We
are spending 400 million dollars a day on the war in Iraq. Let them end the
war immediately and save us another half trillion dollars. The failure of
the Democratic Party is of a catastrophic nature. They handed a stolen
election to Bush. They gave him the votes to invade a sovereign country.
Once they took over Congress in 2007 they refused to pull the plug on the
war in Iraq and they have now been cowered into supporting this crime of the
century. If we let them get away with this imagine how hard it will be to
get things done when President Obama is President. These Democrats are only
as strong as the backbone we give them. CALL CONGRESS NOW.
WHAT SORT OF DAY WAS IT IN BRITAIN?
It was one of the worst days in financial history, it seems. Mortgage
lending dived to ?143 million during August down 95% on the previous month.
It was the lowest figure ever recorded and compared with just under
?3billion in July..
David Cameron brought his Tory circus to Birmingham for the Party
Conference.where in scarcely contained glee they thought of the days in 2010
when they would rule the roost. Unfortunately, 2010 is a long way away and
David Cameron supports the war in Iraq and refuses to perform his democratic
duty of replying to me. So it could be that Cameron will end up in the
same cell as Gordon Brown as they are tried for Crimes against Humanity.
And this could conceivably happen to Richard Carr who still shows no
sign of wanting to answer my questions as to who runs and controls
Wolverhampton.
THE STRUGGLE CONTINUES.