At the End of the Day

Over the last few days, cheated preferentes depositors in the Novagalicia Bank  have been demonstrating in Spain. At this morning’s demo they rightly proclaimed themselves to be hard working, thrifty savers who had simply kept their savings there. They can no longer withdraw their life savings, because some hastily manufactured legality has told them they are creditors, not customers.

When, after twenty years hard graft, I finally in 1988 received a large cheque at 3am one morning for my shares in an ad agency I’d helped found, seven hours later I dashed down to the local Building Society and whacked the cheque in. When it cleared three days later – and only then – did I phone my first wife to say “The money’s safely banked”.

Safely. What a rare word that is these days in financial services.

Exactly who do these language-manipulating sociopaths think they are? They are bankers who took money in at minimal sight rates, making eternal profits from their customer base – and then had the gall to introduce service charges. They are blank-faced, goggle-eyed  bureaucrats in Whitehall, Brussels and Washington who approved this weasel terminology as if they might be rubber-stamping the train times to Auschwitz. And they are the multi-faced politicians who perpetually apologise for the indefensible behaviour of those whose money they so desperately need…having failed, year in year out, to keep within budgets.

Feeling safe is about having trust. The EC finally lost the trust of the lenders after the 37th dithering lie about the problem being solved. The ECB lost the trust of the bond markets when it illegally subordinated holders of Greek debt, and then went on to rape Cypriot investors for no good reason at all. Bernanke lost the trust of the American people when he carried on chucking their dollars at an intractable problem intrinsic to neoliberal economics. Parliament lost the last vestige of my trust when it said nothing against the theft of money from Cooperative Bank depositors to save its own neck. David Cameron lost the trust of millions of Britons when he continued to insist there had been nothing improper in his personal relationships with senior Newscorp officials. Congress lost the trust of the entire world when it bickered about the biggest deficit in US history. And last but not least, the Church of England lost any last vestige of trust when it began trying to profit from fracking.

Everything from love to money is based on trust and mutual respect. I no longer love my country, because it is a whore. There isn’t a single institution there I would trust. I can’t even feel that banked money is safe.

But still the apologists for this insane f**ked up fiat currency version of globalist ‘free market’ capitalism witter on, failing as ever to acknowledge that not a single investment market anywhere on the planet is free from artificial (and usually illegal) interference.

Please Britain, don’t put off your protest or jump off the cliff because they tell you to. Switch off the telly, get off the sofa, and tell the bastards where to get off.