Bagehot: Generation Xhausted | The Economist

Looking back over some of my most popular blogs, I think this is worth a read.

Dr Alf's Blog

LONDON, ENGLAND - OCTOBER 20:  British Prime M... LONDON, ENGLAND – OCTOBER 20: British Prime Minister David Cameron leaves Downing Street for Parliament on October 20, 2010 in London, England. The Chancellor of the Exchequer George Osborne is set to announce the coalition government’s spending review in Parliament. The review is designed to tackle the country’s deficit and will outline swinging cuts throughout the whole of the public sector with many public sector jobs set to be axed and budgets significantly reduced. (Image credit: Getty Images via @daylife)

This article from Bagehot in the Economist would be funny if it were not so sad. I recommend it for a read. Check it out!

Bagehot: Generation Xhausted | The Economist.

Being older than the author, retired and having seen a fair bit of the World, of course, I see matters slightly differently. In my generation too, I saw enormous pressure to make progress up the ladder, then to…

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Opinion: Brussels readies billions in rate-setting fines ex – John Gelmini

Europe Simulator

Europe Simulator (Photo credit: wigu)

Dr Alf is correct, the banks are not only an oligopoly but fall under the ownership of a tiny group of families.

Thus, if one looks at the power behind Lloyds, TSB, HBOS, Santander, RBS, Goldman Sachs, Barclays and Five Arrows Asset Management, we see that along with other financial institutions, they come under the influence of the Inter Alpha Banking Group and ultimately the shadow of the Rothschild dynasty.

HSBC originally founded by the Scottish Taipans, the Matthiesons, who were the drug barons of Queen Victoria’s day is also owned by one family.

These families, and 19 others, effectively control more than 95% of the wealth in each European nation, plus an even larger amount that is held offshore in one of many different tax havens.

They, through their various organisations, like the Bilderberg Group, the Club of Rome, the Club of Budapest and the Alimentarius Commission control Europe and the UK.

Thus the UK is a Rockefeller country, Germany and Sweden are Rothschild countries and Italy and the Vatican are run by the Black Nobility and the Black Pope (currently Adolpho Nicholas).

The Knights of Malta under Matthew Festing are also globally important and act as a state within a state.

Essentially then, our Prime Ministers and Presidents within Europe are chosen well in advance of us seeing them let alone voting for them so Governments do not control bankers, electors do not control Government policy and Governments in Europe are told what to do by bankers and those behind them.

Until this changes, there is no chance whatsoever of politicians “going after bankers” and if they did the banking public would be made to pay as has already happened in America when the US authorities fined HSBC $1 billion USD for laundering the proceeds of Mexican drug barons.

HSBC reduced its taxable profits by $1 billion USD plus the court costs, fines and a further charge for management time and business disruption.

The costs of new procedures and more transparent Governance also figure into the equation and with costlier arrangement fees for all loans all the money will be recovered and the costs passed on to HSBC’s customer base.

John Gelmini


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