Peter Reynolds

The life and times of Peter Reynolds

Banking Cancer

with 7 comments

Rare Integrity

We need radical surgery.  The corrupt and avaricious arrogance of the bankers is beyond belief.  Project Merlin (see here) is a confidence trick and our weak, pathetic government is knowingly complicit in it.

Bob Diamond of Barclays, Stephen Hester of RBS and Eric Daniels of Lloyds are all rogues, thieves and charlatans.  The excuse of  “I was only following orders” was thrown out at Nuremberg.  These men are even worse than the Nazi war criminals because their motivation is the most base and venal of all.  They cannot even claim the excuse of some sort of perverted political philosophy.  Their only concern is selfish greed.  They are parasites and a scourge on our society.  They should be rotting in jail rather than heaving their replusive, corpulent frames into another disgustingly expensive dinner or self-indulgent debauchery.

Banking is one of the greatest evils in our world.  It takes over our society with insidious, insistent and poisonous infection.  It produces corrupt and distorted growth that is entirely false, only a deception for the immediate and personal gain of the individuals in charge.  These people are pirates and their adventures destroy decent people, honest businesses and the whole basis of our economy and society.

We must cut them out and we must cut deeply to ensure that every last vestige of the putrification is gone.  It will hurt.  It will even endanger our existence but there is no other option.  To continue as we are is to buy into their corrupt plan, to feed them even more obscene amounts of money while the poor, vulnerable and needy in our society suffer.

There is no other option.  We must inflict this huge damage on ourselves in order to be rid of the cancer.  Recovery will be long and difficult but at least it will be honest and healthy.

The only man with any integrity left in parliament was Lord Oakeshott and he has now resigned.  Cameron,  his poodle, Dr Cable and babyface Georgy Porgy are carcinogenic agents.  We must take the knife to them without mercy.

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7 Responses

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  1. We are never going to see any decent recovery anyway with the 2008 Climate Change Act hanging over us. What current business model can absorb a 33% increase in energy bills, how many more families forced into ” fuel poverty “.This is all the result of successive Corporate Nazi celebrity stock market parasite inspired governments appeasing the eco-fascist agenda.

    Gordon Pye

    February 9, 2011 at 8:26 pm

  2. The recent House of (Law) Lords Judgement late last year was the final nail in the coffin for fair banking. The effect of the Judgement is that the Banks do not have to link their overdraft and revolving loans around Base Rate, which has always been the case.

    To that end it does not matter whether Base Rate is 0.5%, a bank can charge 100 % if it wanted to. It would seem that the Consumer Credit Act, (Extortionate Credit Terms), has also been over-ruled and that Banks which lend on Credit Cards can charge whatever they want. whereas they were only allowed to charge a maximum of 50.1% APR.

    Indeed I was passing one “money shop” which actually published a rate of 2200% APR (Two Thousand Two Hundred) It seems that given the recent Judgement that is now lawful.

    Why should the Banks be bailed out with Public Money, when their situation was self-inflicted? In business if you had to write of Millions of Pounds because of band lending then you would be in Court for wrongful trading: so why not the Directors of the the main banks?

    As for the energy bill increases, I agree with Gordon Pye, that there is no way a small business particularly can absorb such a cost so quickly. So yet more companies and businesses going bust; and since when was fuel, whether it be coal, gas or electricity, a luxuary?

    When VAT was introduced in the 1970s it was billed [sic] as a “Luxuary Tax”; so why its application to fuel?

    It is ironic that Labour who criticised the Conservatives for bashing the poor have done the same thing by introducting VAT on electricity; and of course, I haven’t noticed the Con/Lib-dem reversing the situation. So much for Labour releiving the poor; instead all parties are out to screw Joe Public.

    Along with CCTV on every street corner, the corruption of the media, and general brainwahsing in schools, we have a hybrid of Hitler meets George Orwell.

    Frightening!

    The Debt Collector

    February 9, 2011 at 9:27 pm

  3. better not read this article as it will enrage even more.. http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century?commentpage=2#start-of-comments

    has a jump to his blog at the end of the article where he references the documents from the treasury… the rich get richer and the poor get poorer…

    Jake

    February 9, 2011 at 10:32 pm

  4. Is not the bankers its the model in which we all work

    Capatalism

    Greed is rewarded, the less honourable succeed.

    neil

    February 10, 2011 at 2:55 pm

    • That’s rubbish Neil, even if you spell it properly!

      Capitalism is the only model that can work because it’s the only one that is synchronous with human nature. If you’re advocating socialism, that is the most deluded, discredited model of all.

      Capitalism does need to be regulated though and not hijacked by thieves and fraudsters like those who run the banks.

      Peter Reynolds

      February 10, 2011 at 3:13 pm

  5. The maim problem at the moment is that at least the UK and US anarcho capitalist Trotskyite alleged mainstream politicians have given us socialism for multinational corporations ( which include but are not exclusively the banks ). The whole ” Corporate Nazi ” ideology needs destroying and we need to allow space for true ” capitalist model ” small business to take up any slack. However this can never be achieved with a background of artificially high fuel costs particularly transport costs, governments must stop appeasing the eco-fascists.

    Gordon Pye

    February 10, 2011 at 8:00 pm

  6. I don’t understand you on this Peter. You’re a believer in a regulated free market, but you write these emotive posts saying that an entire industry is this evil mess. Do you actually mean that Britain should abandon the concept of banking, or simply have other countries take on the bulk of our investment and money management industry?

    TD

    February 11, 2011 at 5:16 am


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