Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘economy

£75 Billion? How Else Could We Spend It?

with 4 comments

The current adult population of the UK is estimated to be 40 million.  If we split the 75 big ones evenly, that’s £1875 each.

I wonder if that would do more or less to get the economy going?

Written by Peter Reynolds

October 6, 2011 at 10:08 pm

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.

Banker Robbers Still On The Loose

with 2 comments

If I considered it as the plot for my next novel, I would discard it immediately as being completely unbelieveable.  It is outrageous.  The story of the way the banks have wriggled and wormed away from their responsibilities is the biggest scandal the world has ever seen.

The Very Worst

Today the shameful figures are revealed of the number of complaints that our high street banks receive.  See here.  It is an appalling litany of failure and disrespect of customers.  Complaints are at the very bottom of their priorities.  They are inefficent.   They have bonus systems that discourage staff from accepting complaints.  Santander, which so many used to know as the Abbey or Alliance & Leicester,  cannot manage to answer even half of its complaints within two months!  It is shocking.  It hasn’t got better since we all bailed them out.  It’s got worse.  Oh, except for the bonuses.  They just get bigger and bigger all the time.

These problems,  affecting the modest balances of ordinary people, may seem trivial in the context of the billions that the banks have already cost us but they are not.   They are crucial.   This is real money belonging to real people and needed to pay real bills.  It’s not the cocaine, champagne, Ferrari fantasy of some City boy ponce.   These figures indicate precisely the contempt, the utter disregard which bankers have for us even though it is we, ordinary people, who have been called on to rescue them from their catastrophic mistakes.

Actions Not Words!

Where is Vince Cable now?  He is the biggest disappointment of the coalition government.  His brave words as recently as the LibDem conference are all hot air.  He has let us all down.  His promises were empty.

We want the banks split up so that they are no longer too big to fail.  Only today, in Ireland they are realising that their nation is still held to ransom by its bankers.  So is ours.

We want retail and transaction banking separated entirely from casino investment banking so that there can be no more threat to our economy from the spivs and gamblers.  We don’t want any of these sharks anywhere near our  money.   John Diamond, the putative new head of Barclays has made a £100 milion fortune on the back of the taxpayer and the banking crisis.  He is not a fit and proper person to be in charge of a British bank.  The government should ban him immediately.

Wide Boy Spiv

Late last year the Office of Fair Trading let the banks off a £40 billion hook.  These were the extortionate charges illegally debited from customers’ accounts over the previous six years.  See here. This was in addition to the £850 billion cost of the original bailout.  See here.

How much more are they going to get away with?

When will David Cameron, Nick Clegg, George Osborne and Vince Cable stop dithering?

Stop the banker robbers now!

Barclays’ Biggest Banker Robber Plans Smash ‘n’ Grab On Britain

with 4 comments

The Unacceptable Face Of Banking

We don’t want Bob Diamond in Britain. He’s to be the next chief executive at Barclays Bank.  See here.  He’s not the “right sort of chap” for us or, if you prefer, he doesn’t have “the right stuff” for Britain.  He’s a wide boy and a high stakes gambler.  We don’t want him anywhere near our banks, our savings or our overdrafts.  Why can’t he just go back to the land of the free and the home of the brave and chowdown with all the other cowboys?  He’s the wrong man for Britain.

It’s people like Bob Diamond who were directly responsible for the banking crisis and for bringing the world’s economy virtually to its knees.   He won all his bets so he’s alright.  Let’s be clear though, it’s his behaviour and those like him that is to blame for the massive cuts that we’re all facing.  He has robbed our parents of their pensions, hamstringed our business world, destroyed our children’s jobs and sabotaged their children’s education.  He is laughing all over his flabby, smug face at our expense.

He’s won a £100 million fortune on exactly the sort of gambling which has destroyed our economy.

Vince Cable should stop posturing.  He was great in opposition but it seems, even in government, all he can do is snipe from the sidelines.

I say, deny Bob Diamond entry into Britain on the grounds that he would be a danger to the country.  Barclays may claim that it has accepted no help from the taxpayer but its exploitative business model depends on blackmailing us with its size and importance to the economy, just like all the banks.

What we needed to do was clamp down hard on their excess, split them into smaller pieces, separate casino investment from banking services, force them into accountable lending policies, severly limit earnings levels and make it clear that they work for us, not vice versa.

We may already be too late.  Britain’s banks continue to be out of control.

“Outrageous Scaremongering” Over Cannabis

with 15 comments

Last October,  36-year old Julie Ryan was found dead in bed by her three children, now aged 14, 13 and 8.  At a coroner’s inquest in Oldham last week, pathologist Dr Sami Titi said “The direct cause of her death was cardiac arrest because of a history of smoking cannabis”.

Dr Sami Titi

Julie’s family claims that this is not true, that Julie’s cannabis use has been blamed because the Royal Oldham hospital failed to treat her properly. In Britain, there has only been one previous occasion when a death has been attributed to cannabis. In 2004, Lee Maisey, 36 of Pembrokeshire, who smoked half a dozen “joints” a day, was found dead on his living room floor after complaining of a headache.

At the inquest in Oldham, the coroner, Simon Nelson, was said to be surprised at the pathologist’s story and questioned him closely. Dr Titi insisted that “smoking of cannabis is well known to have a negative impact on the heart and can cause heart attacks in young people”. The coroner said that in 15 years he had never heard a pathologist so confident that cannabis could be fatal. He recorded a narrative verdict of “death from cardiovascular complications induced by cannabis smoking”.

Coroner Simon Nelson

Julie’s brother, Kevin Ryan, says that the pathologist’s remarks are “outrageous scaremongering”. Her mother, Linda, is bewildered by events. As planned, Julie’s children had stayed with her while the inquest was taking place. Now they have returned home to the furore of this extraordinary verdict and are extremely distressed.

Julie had visited the Royal Oldham hospital several times complaining of chest pains but been sent away with a diagnosis of heartburn. The post mortem examination revealed she had a severely enlarged heart and had suffered a previous heart attack which had not been diagnosed. Family sources said “It’s a cover up. Cannabis doesn’t kill. They made a big mistake.” Mary Burrows, Julie’s cousin, who was very close to her, said she preferred to smoke cannabis rather than have a drink and that “she was a wonderful mother and her kids miss her so much”.

Dr Mark Eckersley, a local Manchester doctor, said “More and more pressure is being piled on medical professionals to propagate this type of untruth by the powers that be.” He said doctors need to maintain credibility with the community and that “this type of nonsense makes my blood boil”.

A spokesman for the Royal Oldham hospital said “Miss Ryan died from a heart attack and cardiovascular problems. Our thoughts and sympathy go to her family.”

On 2nd November in California, Proposition 19 is expected to permit the personal use of cannabis for the state’s 28 million adults. As a result, new tax revenues of $1.4 billion are anticipated, up to 110,000 new jobs and a boost of up to $18 billion to the state’s economy from spin-offs such as coffee shops and tourism.

In America, any health concerns about the plant are far outweighed by health benefits. Medical cannabis is already regulated in 14 states with another 12 in the planning stage. In Britain, Sativex, a whole plant extract of cannabis, was recently authorised as a treatment for MS. It costs about eight times what medical cannabis costs in America, Holland, Spain, Israel and very shortly Germany, where there is a fully regulated supply chain. In Britain, despite a House Of Lords Scientific Committee recommendation, the government refuses to consider such a move. Many patients whose doctors have prescribed Sativex have been denied funding from their health authority. In some of these cases, criminal prosecutions have been brought against them for cultivating their own plants.

A spokesman for GW Pharmaceuticals, developers of Sativex, said “The therapeutic ratio for cannabis is so high that it is virtually impossible to ingest a fatal dose”.

Prof. David Nutt

Professor David Nutt was sacked as chairman of the Home Office’s Advisory Council on the Misuse of Drugs last year after claiming that cannabis was less harmful than alcohol and tobacco. His successor, Professor Les Iversen, also maintains that cannabis has been “incorrectly” called dangerous and says it is one of the “safer recreational drugs”.

On Friday, Professor Nutt said cannabis “seems to cause much less harm than alcohol and that banning the plant is “unjust and therefore undemocratic”. He added: “The previous government’s policy to deter cannabis use by forceful policing increased convictions for cannabis possession from 88,000 in 2004 to 160,000 in 2008. As well as ruining many lives through getting a criminal record, this added massive costs to taxpayers in extra policing and prison costs.”

Prof. Les Iversen

Dr Sami Titi, the pathologist, was unavailable for comment and did not respond to emails. It has not been possible to identify any scientific support for his conclusions.

Julie Ryan’s family is left bemused and uncertain by this verdict. Three children are without a mother and confused about contradictory messages. The 13 year old has been posting on websites about her concerns. Meanwhile, the Public Accounts Committee and the National Audit Office have criticised the government for basing drugs policy on opinion rather than evidence. James Brokenshire, the Home Office Minister, in direct contradiction to his own advisers, continues with the story that cannabis is “extremely harmful”.

James Brokenshire

Both David Cameron and Nick Clegg are on record over the last 10 years as consistently calling for reform in drug policy. The Your Freedom website has been overwhelmed with requests for evidence based regulation of drugs and the legalisation of cannabis but the government is riding roughshod over this public outcry. A consultation document on a new drugs strategy was issued just over a week ago but it seems meaningless and dishonest as all the big decisions have already been taken. Cannabis campaigners, working on behalf of six million regular users in the UK, are outraged at what they see as hypocrisy, misinformation and regressive government action.

Dr Mark Eckersley, exasperated and concerned at the pathologist’s evidence said “This is simply not true. Hearing this story is more likely to cause a heart attack than the ingestion of any cannabinoid”.

Written by Peter Reynolds

August 31, 2010 at 2:17 pm

Posted in Health, Politics

Tagged with , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

I Weep For Jamaica

with 7 comments

Ocho Rios

The events unfolding in Jamaica are disastrous for the country, its reputation, tourist industry and economy.   They give an impression that is completely false.  In reality it is a wonderful place, full of kind, warm, generous people.  I was astonished on my first visit to find the countryside lush and green, rather like Cornwall or Wales and the people more friendly than anywhere else I have ever been.

I was very privileged to be introduced to Jamaica by a Jamaican.  It was no all-inclusive tourist resort for me.  There the poor Brits hunker down and never move anywhere.  They seem to believe that right outside the gates are a bunch of Uzi-toting crack dealers but it’s simply not true.  I’ve been back several times and I love the place.  I recommend Ocho Rios on the north coast of the island.

True, the murder rate is one of the highest in the world but it all happens in a very small area of Kingston.  The rest of the island is peaceful and probably safer than London.  I have been through the Tivoli Gardens and Trench Town districts where all the trouble is.  It’s not a good place.  You lock the car doors and windows and you don’t stop but it is tiny.  According to my memory it’s not much bigger than, say, Regent’s Park so it’s easy to avoid.

My Local

Undoubtedly at the root of these problems is high level corruption and I wouldn’t be surprised if that extended to US officials as well as Jamaican.  The cocaine trade is a huge curse on the country but while the world continues with its ludicrous, discredited policy of prohibition it will never solve the problem.  Drug laws support and encourage organised crime and corruption.   If we stay on our present course things will only get worse.

I weep for Jamaica and its wonderful people.  Without radical international action, I have no idea how this problem can be solved.

Let’s Have Some Real Accountability From The Banks

leave a comment »

I want to know the names of the top 10 earners at Barclays, the Halifax and the Nationwide.  These are the banks that I grace with my business and I want to know the names of the toerags that have been messing with our economy at our expense for their own personal profit.

These individuals aren’t gentlemen.  They are profiteers, pirates even, and each one of them should be revealed, reviled, pilloried and put on public display with their multimillion pound scorecards.

The time is well past for any nonsense about confidentiality, privacy, data protection (the biggest joke of them all).  We want to know who are the gamblers, the selfish, arrogant thieves who have destroyed our economy for their own selfish ends.

I urge every customer of every bank to write and demand this information.  Then we would see who are these individuals sitting smugly on their fat backsides whilst the rest of us face the consequences of their greed.

Of course, these individuals are the product of a corrupt system and in their position as those that must carry the can they too are victims – but victims with big houses, fast cars, swimming pools and fat, fat bank accounts, so huge that they and their heirs are insulated from any further worry for the rest of their lives.

They must be called to account.

Written by Peter Reynolds

October 7, 2008 at 9:06 pm

Follow

Get every new post delivered to your Inbox.

Join 157 other followers