Now we see the skull, beneath the smile

David Davis

This set of “new rules”, whereby the British State (acting under New Labour) will “rip up” private contracts of “greedy bankers”, will of course really help to return profitability to the Banking Sector.

In the short term, everyone in banking who has some slight potential to earn bannking profits, will simply leave. We shall be left with a “National People’s Bank” which will in its top salaries and in its public service ethos resemble the NHS, will do no deals worth doing, and will cost almost as much.

Bankers ought to have thought more carefully about the kind of people they either called upon, or accepted “help” from, to bail them out. You couldn’t make up this script – it would have to be true…“a conspiracy of greedy bankers and international capitalists who planned to rob the People” – the only word missing is “JEWISH”….

It may be decades, if ever at all, before we can return to something like a Free Market in banking in the UK. I am not optimistic.

9 thoughts on “Now we see the skull, beneath the smile

  1. The state being the ‘ruling class’ doing politics, and the banks being the ‘ruling class’ doing banking, nevermind whatever they call themselves, are they not just the same people upping the stakes, shrinking their circle, building the walls, consolidating their control, trashing your cash, and delivering a greater portion of everyone else’s wealth into their hands ?

  2. If it was not profitable to be a banker, then we would not have bankers. Think what modern human civilisation owes to banking as a science and as a trade (that’s what it is really) , and try to separate the apparent sleazy enbeddedness of the politician-banker nexus from what bankers really are actually doing.

    Politicians are to blame. They see bankers, and want to rub up against money, in the expectation that some of it will fall off, and that they can then trouser it. Politicians are not human, they are subhuman – a diffreent and altogether evil and wicked anti-hominid species of the genus Homo: but bankers do not start off like that, in contrast to those who decide to become politicians.

    if it was not for banking, we should still be in the Dark Ages – worse actually, for the Romans (and the Greeks to a much more sophisticated extent) understood the principles of credit and of international funds transfer.

  3. Yes, banks started off providing a service but as they got into loaning more than they had (fractional reserve), effectively creating money from nothing, it started getting out of hand ending up with the likes of JP Morgan and friends cartelising the situation and creating the Fed with a fiat currency tied to nothing more than a manipulated consensus. And all the other similar operations about which I know nuthin.
    The bankers and the State with personnel interchangeable. Not just bankers, of course.

  4. If the State did not have a legal monopoly on the cretaion of a regional money, it would not matter. Anybody oculd issue A Money. You could, I could. Then, fracyional monies would disappear down the hole of worthlessness, because nobody would want to hold any of them.

  5. Yes, absolutely. We do agree (I think). Is it just a question of identifying who are the State? The people. I am thinking it is the ruling class, monopolist bankers and chiefs of industry, etc. Such as those who did, indeed, create the Fed in the US. It is those bankers, working through laws they got established, that prohibit me issuing my own money. We agree it is the state laws that stop me doing so. Those laws were put in place at the prompting of bankers who have the ear of the state. In fact, some of the people move from business to state activity and back again over time. They are more or less the same guys who probably lunch at a club not too far from where you had the conference!

  6. Bankers sadly are human, and some will get snared in the false perverted lights of delightful state power.

    Also, in modern business, the herd instinct unfortinately tends to emphasise the importantce of taking the same decisions as “those who see the next thing”, and at roughly the same time. It was the same in marketing. You didn’t get on by saying unpopular things, about for example “new prodict development strategy”, and “managing the trend”.

  7. The real problem is that we still live with a system that was designed my monarchies to keep them wealthy and letting them do as they please (Cromwell changed nothing.)

    If the state is allowed to keep these powers we will still have the same problems continuing.
    Fractional reserve banking suits the state as well as the bankers, not the people.
    A state controlled manopoly of currency and it’s creation (through a private business known as the BoE) means that the state can retain it’stealth tax known as inflation (they cause it remember.)

    The problem is that the puritans/liberals and other late 19th centuary “progressives” are now using the powers of the state to push their non monarchy tryanny upon even the bankers (bankers have felled more monarchies/tryannies than any army of the people and the “progessives” should pay attention tothis.)

    I personaly hope it blows up in their face and takes the state down with it, we don’t need the tyranny of the few and that is all parliment is.
    Town hall clerks with a once a month meeting is all we need, politicians should not have the power to force their will upon anybody.

    sorry if it seems like i’m telling you guys how to suck eggs as i know you know all of this.
    i just needed to vent some anger in a non violent way.

    • That’s quite OK Chris. The more people agree with what we (and you) are trying to propose, and the more that see it, the less awful the ultimate results will be. Personally I am not optimistic about the immediate future of Western civilisation.

      I am not one of these Montana-lovers who battens down in the outback with tinned food and 1,000 gallons of motor fuel, but I think everyone’s library should contain lots of “how to” stuff covering not only intermediate or low, but also some “high” technologies. Kind of all the way from hedging, ditching and thatching, to digital electronics repair, and to local electricity grid maintenance and management.

  8. David Davis, just a quick question, if you are as gloomy about the immediate future of Western civilisation as you seem, can you tell me, what is the Libertarian Alliance actually DOING. Is it a matter of reading each others blogs and leaflets, giving speeches to each other and making bad jokes about eating people or is there any actual, directed strategy to have a political impact?

    You understand what i am saying, is there any serious attempt to break out of this political cul de sac or are the Libertarians to in love with political purity to actually get there hands dirty and try and do anything?

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s