Starvation in Africa/Middle East It is, sadly, one of the regular sights on television. A reporter commenting on a desolate scene of drought, decaying animals, malnourished children and desperate adults pleading for help,with the Red Cross or other charitable organisation shown trying to alleviate the misery. This news event was shown on Al Jazeera television on 18 June 2012 with a comment: ‐ there's no shortage of food in Burkina Faso, but people can't afford it. Jay Rayner writing in The Observer [22‐7‐12] about the situation in Yemen said: There is an acute food deficit in Yemen. People are starving in their millions. Children are dying. The problem is not a lack of food. There is food in the country. It is that the economy has collapsed to such a degree and food prices have risen so high that people cannot afford to feed themselves. Sport for the privileged As a direct result of government financial cuts, to help bail out the banks of course, there has been a 60% decrease in the time devoted to sport in schools. As Terence Blacker in the 'I' newspaper [20‐7‐12] commented: Taking exercise is a habit of mind and body which should be part of any civilised education. For a government, run by the privileged and the privately educated, to deprive the vast majority of children of the chance to play organised sport at school is a matter of national shame. Private schools have not been affected. That's why the recent Olympic rowing events were held at Eton Dorney, owned by Eton College. Don't ask me to pay The UK based Tax Justice Network has worked out that half the minimum estimate of $18.62 trillion (well, how much is that? ‐ the mind boggles) hidden in overseas accounts and tax havens is owned by just 92,000 people. And that does not include the non‐financial assets such as art, yachts, mansions and ludicrously priced property in London. The world's poorest countries, particularly in sub‐Saharan Africa, have fought long and hard in recent years to receive debt forgiveness from the international community. Had their richest citizens not hidden their money away overseas, they would not be in debt.
The end of the Euro currency ‐ good for Britain Terry Smith, chief executive of brokers Tullett Prebon, in an interview with James Quinn in the London Sunday Telegraph [29‐7‐ 12] believes that the end of the euro project would be good for Britain: It will be very positive, very positive. Have a look at Turkey, which failed to join the euro, and how it is prospering. The EU is no longer our biggest trading partner, in any event, even when it was, it was an artificial construct. People say if we left the EU it would be a disaster. Hang on a minute ‐ the balance of trade is in favour of the EU. Politicians who call for the UK to further integrate with Europe as a result of the crisis have entered a "further stage of madness." How much? How much financial credit did it cost our bank, the Reserve Bank of New Zealand, to help bail out foreign banks? Financial credit from the Reserve Bank is not available to our local authorities for restructuring. But have they asked?
Every child in need campaign Rev Paul Nicholson
Isn't this the answer?
Free Market Utopia
The Christian Council for Monetary Justice has advocated for the UK: ending usury and fractional reserve banking by getting the Bank of England to take away from commercial banks the creation of most of the money in use.
The rise of the dream of a utopia of a free market probably began in 1971. At that time in the USA there were 175 corporation and group lobbyists trying to influence the Senate and the Congress. Today there are 33,000. The free market utopia is dependent on who controls the laws and politics of various countries and world bodies. In the USA, it is claimed that the Supreme Court is packed with a majority of pro corporate judges ‐ appointed, of course, by presidents on advice.
This can be achieved in a single step when the government instructs the Bank to issue, free of interest, all the money needed for the real economy as repayable debt. Any willing existing agency, such as high street banks, mortgage lenders, or credit unions, could administer the distribution of this interest‐free credit for an administrative fee. The real economy of goods and services, in this context, is seen to include finance for public infrastructure, industry and business (but not for financial services), for residential property purchase and for affordable short term credit for consumables. The Tablet [UK] 4‐8‐12
An academic view ...we need to reduce the speculative role of finance, restoring it to its proper role as the conduit for savings to investment. Two measures would help: a government‐ sponsored revival of local banking... and a transactions tax on financial operations. Lord Skidelsky, emeritus professor of political economy at Warwick University writing in The Observer 19‐8‐12
Having principles tarnishes Green Party reputation
Why carbon credits to control climate change?
A Green Party councillor in Brighton, East Sussex, has been charged by the party with bringing it into disrepute, according to a BBC report (27‐7‐12]. Her alleged crime was, on a matter of principle, to vote against the Green Party's support for "gay marriage".
Bankers proposed creating tradable carbon credits to combat climate change. The credits would give businesses the right to pollute up to a specified level. The real driver was that banks could trade the credits, earning profits.
Guardian Political Review, Issue 62, Page 23
Deregulated ten commandments? "We have seen the disaster for the poorest citizens and the economy as a whole when, in the 1980s, central government deregulated lending, abolished rent controls and allowed the free movement of capital in and out of the UK, leaving an ethical vacuum, or black hole, in the financial sector. It was as if Moses went back up Mount Sinai, deregulated the ten commandments, because they are "red tape", and then wondered why there was so much theft, etc.
Satyajit Das Extreme Money ‐ Pearson Books
Someone wants to know about you! If you are a facebook or twitter enthusiast, you obviously don't mind making thousands of "friends". But there are some people who don't want to know you, but only about you. Almost 250 British companies work in the communications surveillance industry. The British government has decided to restrict the export of the spyware of one company. The FInFish software by the Gamma International company "can take remote control of a computer, copy its files, intercept Skype calls and log every keystroke." The Observer 9‐9‐12
Money is all The London Sunday Times [16‐9‐12] reports that the gases introduced to replace the deadly ozone killing chlorofluorocarbons (CFCs) may in the long term be more dangerous for the climate. Efforts to have the replacement gas (HFC) emissions cut by the European Politburo have been met with opposition by commercial interests. On the EU lobby register, 353 lobbyists have registered to campaign for the retention of allowable HFC.
Summer 2012 issue of The Guardian