Wednesday, November 24, 2010
''The British Empire Is Destroying The World.'' Are you sure?
The Inter Alpha Banks are bankrupt. Why? Isn't that to do with derivatives trades? They made the losses, so who made the profits? That would be the central banks surely, The Inter Alpha banks are mere clearing banks who believed the markets they were trading in were free and fair, and not manipulated in favour of the Central Banks and their agents, working secretly behind the scenes to clean them out.
Someone somewhere must know why all these banks are bust. The property bust is a big part of the story, where the central banks instructed the lesser clearing banks under Basel Rules to make loans to uncreditworthy borrowers, repackage debts and sell on the risks. Many European banks bought into the Sub Prime, of which we are now witnessing contagion.
There are no doubt political aspects to this too, and the military and security services have shown their fingerprints here and there, as opponents to OWG are assassinated. But I still find it hard to follow this British Empire thing. I am sure that the history reaches back into the days of the Empire, and it's part of the story, maybe even a big part, but I cannot accept that the British are the whole problem.
I declare an interest - I am British btw!
The OWG is a supranational entity with tentacles reaching everywhere in the world. It is so powerful that it has effectively overridden the media, legal systems, political and financial systems of the nations and has an agenda of its own whereby ordinary people are simply seen as expendable, in the pursuit of money and power.
If it was based in London, and Prince Charles was its head, then let's go get'im. Somehow I don't think it's going to be quite as tidy as that.