Opinion – Why are the Conservatives so incompetent at running the economy? – Mainly Macro: Simon Wren-Lewis – John Gelmini

English: Banks Furious As Shares Tumble, Eveni...

English: Banks Furious As Shares Tumble, Evening Standard, London, UK, 7 October 2008 (Photo credit: Wikipedia)

Rarely do I disagree with Dr Alf but on this occasion I cannot see that the last Labour Government handled the 2008 financial crisis effectively.

The narrative we were fed at the time was to the effect that the banks had made toxic loans, did not trust each other and that all the money had disappeared.

Then we were told that WE had to bail out the banks.

We did this twice and then several years later, we learn that the banks have been manipulating LIBOR, the currency and the prices of other commodities.

We know that a tiny minority of people doubled their wealth literally overnight and that their were huge capital flows through hedge funds and then through 40 different tax havens before transmutation into gold, gems, real property and art.

The bankers and those who gave them their instructions walked away scott free and are still at large. The Coalition have also done nothing about this situation but have manufactured a temporary housing boom.

Not one of our politicians is up to the task of reforming the UK’s finances or competitiveness, so Simon Wren Lewis needs to level his criticisms more widely.

John Gelmini

Opinion – Vladimir Putin against the new Carthaginian civilization – English pravda.ru – John Gelmini

Dr Alf asks if democracy is a “spent force” and whether oligarchs and their cronies control Western Society as PRAVDA.RU asserts.

Whilst democracy is not a completely spent force, it is true that the rich and powerful decide whether we are at peace or war, the state of the economy, the uneven distribution of wealth which gets worse by the month and access to justice (they have a lot of access and the little person is priced out of the equation). Bilderbergers, meeting in secret once a year, decide who we will vote for and who will lead each opposition party and in what role. Thus David Cameron, Ed Miliband, Ed Balls, Nick Clegg, Paddy Ashdown, George Osborne, Gordon Brown, Tony Blair and Simon Hughes are all Bilderbergers.

Prince Philip often attends, as he is one as well, and in other Groupings such as the Club of Rome, the Club of Budapest, Bohemian Grove in California, the Committee of 300, the Committee of 500, the Grand Druid Council, the Knights of Malta, the Sun Society, policies for the world are carefully shaped.

The Club of Isles controls the supply of food, oil and raw materials and energy and out of 44 American Presidents all but 10 have been related to just 2 people, Alfred the Great and Charlemagne.

What we have is the semblance of democracy but the reality is that what we have is an illusion.

Occasionally, people flex their muscles as is happening over UKIP and Europe but on the essential issues and matters like gay marriage, hanging, the approach to militant Islam and green issues /Climate change the public are ignored, marginalized and where necessary rubbished.

Russia is not really a democracy either and Vladimir Putin is allegedly worth £32 billion gbp, which suggests that in the oligarch stakes, he is right up there, along with those who have chosen to exile themselves and their wives, girlfriends and mistresses in the UK, in places like Totteridge and Hampstead.

John Gelmini


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