The Spider’s Web : Britain’s Second Empire (Film)

Anyone who argues that there’s ”not enough money” for universal education, healthcare, social welfare and aid programmes is clearly either not paying enough attention, or a shameless liar.

At least £500 billion in corporate tax is dodged globally each year by multinational corporations – enough to pay the UN’s total humanitarian aid budget 20 times over every year .

And the UK with its corporate tax haven network is by far the world’s greatest enabler of corporate tax avoidance. Up to a half of global offshore wealth is hidden in British jurisdictions.

Corporate tax havens represent one of the greatest scams in human history. They are a parasitic feature of a parasitic system, and the UK is very much the bloodsucker’s head.


At the demise of Empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.


The Spider’s Web was written, directed and produced by Michael Oswald,

The Left and Brexit : A Paradox

eu

~ updated 18/11/2020

The populist government of Italy has proposed some very mild measures to help ordinary Italians struggling with a long economic recession. But even these have been blocked by the debt-obsessed financial fanatics of the European Central Bank and European Commission.

https://www.spiked-online.com/…/thomas-fazi-the-italian-c…/…

A whole generation of Greeks has been similarly sacrificed at the altar of EU austerity and neoliberalism.

https://mpbondblog.wordpress.com/…/greece-shrinking-the-st…/

The legitimate aspiration of Catalans for autonomy and independence has been ruthlessly thwarted by the same anti-democratic EU hegemony.

https://mpbondblog.wordpress.com/20…/…/01/catalonia-defiant/

And nothing is more certain than that if Britain had somehow stayed attached to the EU under a Corbyn-led government, it would sooner or later have faced similar punitive measures from the European ‘troika’ , to crush any radical measures aimed at transforming society ”for the many not the few.”

https://mpbondblog.wordpress.com/2018/12/22/brexit-britains-and-europes-opportunity/

Yet paradoxically much of the British ”left” still insists on seeing the EU as a benign, progressive force worth being aligned with. This anomalous situation exists, it seems, simply because the most vociferous leaders of the Brexit campaign were xenophobic, anachronistic right-wing Tories. This is true, but bear in mind that even broken clocks are right twice a day.

Bad News for the 99%

The pursuit of economic – or more accurately capital – ”growth” at all costs has reached a critical point.

As William I. Robinson explains in his book ‘‘Global Capitalism and the Crisis of Humanity’‘, the world financial system has now centralised and over-accumulated capital to such a point that investment opportunities have become limited.

Professor Robinson argues that only three mechanisms for investing excess capital remain : risky financial speculation, wars and war-preparation, and the privatisation of public institutions.

Not a pleasant outlook for the 99%, who are forced to bail out bad bets through austerity, pay for (and die in) endless wars, and suffer the consequences of the dismemberment of public services by complicit governments.

Economic Theory and its Discontents

econ jr”Economic Theory” – as taught in academia and propounded in mainstream media – is nothing more than a smoke-screen used to support and preserve a neoliberal status quo, which allows a few dozen people to own half of the world’s wealth, while billions live in poverty.


Recommended :

debunk

 

 

 

 

 

 

 

Debunking Economics  by Steve Keen

”If you look at mainstream economics there are three things you will not find in its economic models – Banks, Debt, and Money.  How anybody can think that they can analyze capital while leaving out Banks, Debt, and Money is to me a bit like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings.”

 


killing the host   Killing The Host  by Michael Hudson

”What is at work is an Orwellian strategy of rhetorical deception to represent finance and other rentier sectors as being part of the economy, not external to it. This is precisely the strategy that parasites in nature use to deceive their hosts that they are not free riders but part of the host’s own body, deserving careful protection.”


paul-mason-post-capitalism Postcapitalism : A Guide to Our Future  by Paul Mason.

“Neoliberalism’s guiding principle is not free markets, nor fiscal discipline, nor sound money, nor privatization and offshoring – not even globalization. All these things were byproducts or weapons of its main endeavour : to remove organized labour from the equation.”


 




The pursuit of economic – or more accurately capital – ”growth” at all costs has reached a critical point.

As William I. Robinson explains in his book ‘‘Global Capitalism and the Crisis of Humanity’, the world financial system has now centralised and over-accumulated capital to such a point that investment opportunities have become limited.

Professor Robinson argues that only three mechanisms for investing excess capital remain : risky financial speculation, wars and war-preparation, and the privatisation of public institutions.

Not a pleasant outlook for the 99%, who are forced to bail out bad bets through austerity, pay for (and die in) endless wars, and suffer the consequences of the dismemberment of public services by complicit governments.

The Magic Money Tree

Politicians (of all parties) are woefully ignorant about where money comes from, according to this new poll commissioned by Positive Money.

There really is, in fact, a ‘’magic money tree”,’ but it is in the hands of privately-owned commercial banks like Barclays. NatWest and HSBC, who create new money out of nothing whenever they make loans.

Tragically, this (un-earned) privilege is used in ways which don’t benefit – and actually harm – most of society. Over 80 percent of new bank lending is directed towards property and financial markets, pushing up the value of assets like houses, shares, and corporate bonds. . This is making housing unaffordable, increasing inequality, and resulting in more and more people being crippled by debt.

In order to address the problems of rising inequality, the housing crisis and record levels of personal debt, MPs surely need to grasp the basics of how the economy works…..don’t they  ?  

http://positivemoney.org/2017/10/mp-poll/


How the actual magic money tree works

MONEY

Guardian article by Zoe Williams.

How is money created ? Some is created by the state, but usually in a financial emergency. For instance, the crash gave rise to quantitative easing – money pumped directly into the economy by the government. The vast majority of money (97%) comes into being when a commercial bank makes a loan. Meanwhile, 27% of bank lending goes to other financial corporations; 50% to mortgages (mainly on existing residential property); 8% to high-cost credit (including overdrafts and credit cards); and just 15% to non-financial corporates, that is, the productive economy.

What’s wrong with that ? On the corporate financial side, bank-lending inflates asset prices, which concentrates wealth in the hands of the wealthy. On the mortgage side, house prices rise to meet the amount the lender is prepared to lend, rather than being moored to wages. The lender benefits enormously from larger mortgages and longer periods of indebtedness; the homeowner benefits slightly from a bigger asset, but obviously spends longer in debt servitude; the renter loses out completely.

Is there a magic money tree ? All money comes from a magic tree, in the sense that money is spirited from thin air. There is no gold standard. Banks do not work to a money-multiplier model, where they extend loans as a multiple of the deposits they already hold. Money is created on faith alone, whether that is faith in ever-increasing housing prices or any other given investment. This does not mean that creation is risk-free: any government could create too much and spawn hyper-inflation. Any commercial bank could create too much and generate over-indebtedness in the private economy, which is what has happened. But it does mean that money has no innate value, it is simply a marker of trust between a lender and a borrower. So it is the ultimate democratic resource. The argument marshalled against social investment such as education, welfare and public services, that it is unaffordable because there is no magic money tree, is nonsensical. It all comes from the tree; the real question is, who is in charge of the tree ?

What could we do instead ? We could do QE for the people, overt monetary financing in which a government creates money for social benefit, such as green infrastructure or education. Or helicopter money, a central bank distributing it to everyone, either in a one-off citizen’s dividend or a regular citizen’s basic income. The nature of centrally created money should itself be opened up for debate, whose starting point is: if we agree that commercially created money is skewing the economy, can we then agree that it should be created by a public authority, even if we don’t yet know what that authority would look like.

https://www.theguardian.com/global/shortcuts/2017/oct/29/how-the-actual-magic-money-tree-works?CMP=Share_AndroidApp_Facebook


greco_christ-traders-temple

A FEW QUOTES ON BANKING : https://mpbondblog.wordpress.com/2014/01/10/a-few-qoutes-on-banking/

Carthago Delenda Est

putin

When Vladimir Putin was elected President of Russia in 2000, the nation owed $16 billion to the International Monetary Fund, and its debt to the Rothschild-controlled ‪‘’Paris and London Club Of Creditors’’ was over $36 billion.

Since then, at the same time as fully repaying these debts, Russia has written off a large part of the debt developing countries owed to it. In total, Russia has forgiven more than $100 billion in debt owed by developing countries (including Cuba, Iraq, North Korea, and much of Africa) over the past decade.

This is the REAL reason the global banking elite and their puppet governments in the West demonize Putin — Russia has effectively escaped the clutches of their rapacious hegemony and neo-liberal austerity doctrine, restored its own national financial sovereignty, and set the ‘dangerous’ precedent of unilaterally writing off unpayable or crippling debt.

Ergo : Carthago delenda est.


Russia pays off balance of Soviet Union’s foreign debt

russia


Zionist-war-mongers-by-Dees

ALL WARS ARE BANKERS’ WARS (video)  https://mpbondblog.wordpress.com/2013/11/01/all-wars-are-bankers-wars/


A Labour Brexit

corbynomics

As events play out over the next year or two, a ”Labour Brexit” might just provide the best possible outcome.

It’s clear to me that if Britain somehow stayed in the EU under Corbyn it would sooner or later face similar punitive measures from  the  ”troika‘  that Greece under Syriza suffered (and continues to suffer). The EU remains essentially a neo-liberal / austerity economic project, and Labour, the largest political party in Europe, must now offer an alternative, based on radical reform of the banking system – the proposed National Investment Bank is a good start – and re-structuring of debt.

Who knows, the rest of Europe might then follow Britain’s lead….


“My view of the EU has always been, not that I am hostile to foreigners, but I am in favour of democracy.  I think they are building an empire and want us to be part of that empire, and I don’t want that.”  ~ Tony Benn

BENN EU”I am against the Treaty of Rome which entrenches laissez-faire as its philosophy and chooses bureaucracy as its administrative method.” ~Tony Benn (Encounter, January 1963).

Debt Slavery

ezra pound

Debt forms the kernel of modern financial hegemony, and the new apparatus of repression.

The system of endless monetary debt,  precluding forever any prospect of its discharge,  is to be mankind’s crushing fate.

Now the aim of the State is to make the glance recoil disconsolately from an iron impossibility.

The Earth becomes a madhouse.


A Few Quotes on Banking : https://mpbondblog.wordpress.com/2014/01/10/a-few-qoutes-on-banking/

Mnuchin : Neck-deep in the Trump Swamp

mnuchin
 If it wasn’t already obvious that Trump’s ”tough” pre-election talk about ‘’draining the swamp’’ was merely empty rhetoric, his appointment of longtime Goldman Sachs executive Steve Mnuchin as Treasury Secretary removes any doubt.
As his companies were aggressively foreclosing on homeowners at the time of the 2008 crash, and millions of Americans were losing their homes, jobs, savings and pensions, Mnuchin was making his fortune off their misery.
Mnuchin also has a lucrative sideline as ”executive producer” of Hollywood movies, including the hideous celebration of patriotic psychopathy, American Sniper.
As Democratic National Committee chairwoman Donna Brazile says, ”The muck in President Trump’s swamp just got neck-deep.”

Brexit and Neo-Feudalism

brexit2
There was a fundamental flaw in the fear-mongering logic of the Remain campaign – namely that scaring deprived communities with economic uncertainty simply would not work when they had lived with economic uncertainty for over 30 years.
In communities where self-employed tradesmen have not given themselves a pay rise for fifteen years; where the minimum wage is the maximum wage for many, and zero hour contracts offer zero security to others – try explaining to these people that the EU ”protected their employment rights”.
In Britain today, 63 per cent of poor children grow up in families where at least one family member is working. For them, the poverty trap has already closed.
The profoundly undemocratic EU has become essentially a mechanism of capitalistic entrenchment, social injustice, austerity, bankers’ hegemony and endemic indebtedness — the virulent extremism known as “Neoliberalism”, or as I prefer to call it : Neo -Feudalism.

Why the British said no to Europe

john pilger by John Pilger : https://mpbondblog.wordpress.com/2016/06/26/deal-with-it/


NEO FEUDAL