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compassion, collaboration & cooperation iN transistion

the complete denial of the need for any understanding of the

consequences of consequences of complex systems - in an

ever more complex world - that has led the entirety of our species 

to the abyss into which we are all now staring ...


Tony Rooke refused to pay a TV license fee because the BBC intentionally misrepresented facts about the 9/11 attacks, he alleged. It is widely known that the BBC reported the collapse of World Trade Center Building 7 over 20 minutes before it occurred. WTC 7 was a 47-story skyscraper that was not hit by a plane on 9/11 but collapsed at free-fall speed later that day.

So Rooke said the BBC had to have had prior knowledge to a terror attack making them complicit in the attack. He presented the BBC footage to the judge along with a slew of other evidence, and the judge agreed that Rooke had a reasonable case to protest.

Rooke was found not guilty and he was not fined for failure to pay the licensing fee.

AS the Telegraph reports today -

Big banks 'more dangerous than ever '

                                                                        - IMF's Christine Lagarde says

Europe needs to recapitalise, restructure or shut down its banks as part of a vital clean-up of the industry, International Monetary Fund managing director Christine Lagarde said as she warned that the threat from world’s biggest lenders was “more dangerous than ever ” - 

which solicited the following comment from Jim - 

The perennial answer is credit, credit and more credit, whether real B of E printed money or bank created non existent money. That and the morons in governments across the world who were seduced by the prospect of huge tax revenues by allowing bank mergers and uncontrolled investment banking, so that most western countries have banks with a balance sheet larger than their GDP.

This madness has to stop. Banks should be broken down to the friendly high street size we used to know who lived on lending out their depositors money and a few other revenue generating methods. Investment banking has to be totally separated, so that the catastrophe that is RBS can never happen again.

Governments too have to rein in their rose tinted dreams and manage the economy on the basis of spending only their revenue, with an allowance of 5% borrowing or bond issue to cover shortfalls or unexpected events.

If globalisation taught us anything, we learned that uncontrolled

investing in a particular country (mortgage backed securities in USA)

is a recipe for disaster.

The days of the get rich quick schemes

have to be ended and seen to be ended.



Views: 55

Comment by Michael Grove on April 17, 2013 at 6:20

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