As another EU summit ends with no solution to the Euro crisis, David Cameron surprised no-one by dropping his pledge to stop the eurozone from using the European courts to uphold its new fiscal pact outside the EU treaties.
Last April, the Mexican National Water Commission (Conagua), the World Wildlife Fund (WWF, for its acronym in English) and the Interamerican Development Bank (IDB) announced an alliance to reclaim water used by humans for environmental use, ensuring water resources needed for the proper functioning of ecosystems. Since human use is not considered "environmental", the result is nothing less than murder.
The main cause of hyperinflation is a massive and rapid increase in the amount of money which is not supported by growth in the output of goods and services. The UK Column has been warning for a number of years now that we are staring hyperinflation in the face. So where is it?
While we wrangle with our respective public or private employers about what pensions we might receive in the future, French pensioners are already having payments withheld.
We could be forgiven for thinking that the Euro crisis has gone away, with so little coverage in the media. Sadly, it's just the calm before the storm.
As the Euro continues is collapse, French President Sarkozy has indicated that he will not wait for the rest of Europe to stop squabbling before imposing the financial transaction tax.
If Positive Money is not the answer, what can we do? The solution is actually not that hard.
We must begin with full Glass Steagall style banking separation now, today. Not this ring fencing nonsense being pushed by Mervyn King and George Osborne.
Positive Money bills itself as “a simple solution to the debt crisis”. With a cursory glance, it might appear to be making some of the right noises. On closer inspection, however, there’s just nothing there.
The statements from within the global financial "leadership", and reflected in the mainstream press release mashup squad, have been staggering. There is "already a raging panic around the solvency of the European banking system", wrote the Telegraph's Jeremy Warner, "Most people will find the idea that more than four years after the banking crisis began, the banking system continues to require squillions of public money almost beyond belief".
In January 2007, Bear Stearns was worth $20 billion. By Friday, 14th March, 2008, it was worth $3.5 billion. Three days later, on Monday, 17th March, it was bought by JP Morgan for $236 million.
In 2008, then South African president Thabo Mbeki’s mother, wrote an open letter to the South African people, severely criticising the nation's political leadership. Published in the Johannesburg Sunday Times, she concluded: "South Africa wake up. Zemk’iinkomo Magwala Ndini! (The cattle are being stolen, you bloody cowards!)"
Readers of my articles in the UK Column over recent years may have puzzled at the long silence. Without boring you with the details, let it be said that a tactical retreat is not to be confused with capitulation, but part of a wider strategy.
Notwithstanding tactics, all that was pertinent with respect to the economic and political situation as it stood at the time my last article went to print, had already been said. It therefore only remained to wait for the next major phase shift in the situation before summoning the inspiration to offer a genuinely new perspective.
The Quiet War Against American Independence contains exclusive interviews with National newsmakers on the font lines of the quiet war. This compelling program documents the treaties and UN Conferences that are undermining American independence and paving the way for global control.
The last forty years have seen record levels of insanity in the financial sector. Drunk on the possibility of "making money", individuals with no thought to the impact on the lives of the real human beings on this planet, have demonstrated a willingness to do anything to make a quick buck. "I wish they'd get this war started," one such person said to me just prior to Blair's invasion of Iraq.
The ignorance of the majority of our political classes to the enormity of the financial crisis that we face is staggering. Their wilful denial of the fact of the continuing collapse of our nation, its institutions and ways of life is absolute deliberate treason. In fact, I would go further, it is murderous, and that fact will become clear as the destruction of the NHS takes its toll.
As a result, they prefer to decimate public spending, while at the same time increase VAT and other taxes, in order to pay off the banking mafia that pays their salaries.
The yields on Irish government debt (specifically 10 year bonds) rose to over 9% on Thursday last week on the rumours that Ireland was needing to go cap in hand to the EU for a further bailout. The Irish government denied this in a fairly carefully worded statement. The result is that yields have fallen back to just over 8% today, although it is generally accepted that if yields head back over 9% again, Ireland will be forced to run out the begging bowl.
The Federal Reserve Bank's announcement of QE2, the second round of American Quantitative Easing, on the 3rd of November, caused a tidal wave of funny money to hit the markets as "investors" decided to place their bets on stocks and commodities. Stock markets around the world climbed by nearly 2% on Thursday, oil broke through $87 a barrel, and a range of other commodities also saw dramatic price increases.
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