To US: “Well, Pi$$ off then!”
Some of the greatest journalists and analysts in America also happen to be comedians. Watching The Last Laugh with John Bird (in the guise of investment banker, George Parr) and John Fortune (together known as the Long Johns), the same can certainly be said of British comedians as well.
The following is a transcript of this insightful comedian team who brilliantly and accurately describe the mindset of the bailed-out bankers.
John Fortune: George Parr, you are an investment banker.
John Bird: Well, I don’t think there is any call for insults or name calling.
Fortune: Sorry, I was just…
Bird: We have after all just been through a very difficult situation.
Well, but let’s face it, you are an investment banker, and I just wanted to get your view of the turmoil that is now engulfing the financial world.
Well, I’m of a certain age, there aren’t many of us left from my generation, and I can look back at a time when the world seemed a simpler place, with some sense of certainty and order. I think this is a golden age of banking.
You’re thinking of the 60′s perhaps or even the 50′s.
No, I was thinking more of June last year. Why can’t we go back to the time when people took the word of a banker as gospel. Now we get suspicion, finger pointing, people arguing, and all sorts of difficult questions.
What sort of questions?
Nit-picking pointless sorts of things like, I don’t know… Where’s the money gone? As if I’m supposed to know.
The End of Money and the Future of Civilization
Review of Thomas Greco’s book
by Richard C. Cook
Hat tip: Global Research
October 14, 2009
It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt.
Even if the stock market can be shored up by more government borrowing for “stimulus” spending, it’s a temporary reprieve, because nothing can bring back the consumer purchasing power that was lost when the banks stopped pumping money into the economy through out-of-control mortgage lending. We simply no longer have the job base for people to earn the income they need to live.
The underlying cause of the crisis is in fact the debt-based monetary system, whereby the U.S. ruling class long ago sold out our nation and its people to the international banking cartel of which the Rockefeller and Morgan interests have been the chief representatives for over a century. It was lending on a previously unheard of scale for overpriced assets to people and businesses unable to repay that created the bubbles that burst in 2008, not only in the housing market but also in such areas as commercial real estate, equities, commodities, and derivatives. It was an explosion that reverberated throughout the world.
The Obama administration’s response to the crisis has been to print Treasury bonds both for the financial system bailouts and the sputtering Keynesian stimulus that so far has gone substantially into military infrastructure. This bond bubble is what I have referred to as “Obama’s Last Picture Show.” http://www.globalresearch.ca/index.php?context=va&aid=12512
Government debt is fundamentally inflationary. For a generation, the U.S. dollar has been inflating at an increasing rate, with the economy being kept in a growth posture by selling our debt instruments abroad or allowing foreigners holding dollars to purchase property and other assets on our own soil. The website EconomyinCrisis.org reports that in 2007, the most recent year for which data are available, “foreign entities spent $267.8 billion to acquire or establish U.S. businesses.” http://www.economyincrisis.org/articles/show/2801
Bankers’ Manifesto of 1892
Revealed by US Congressman Charles A. Lindbergh, Sr. from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917 to warn the citizens of the dangerous intentions of the bankers.
We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
