Tag Archives: money

“Money Heist”: State Counterfeiting on TV


Money Heist: State Counterfeiting on TV

By Duncan Whitmore

At first, Money Heist seems little different from any run-of-the-mill “cops vs. bad guys” series. A well-prepared group of eight, small time criminals, previously unknown to each other and using city names as pseudonyms, hijacks the Spanish Royal Mint in Madrid. Directed from the outside by their leader, the mysterious “Professor”, they capture tens of Mint staff and visitors to hold as hostages, including (deliberately) the teenage daughter of a prominent politician. Scores of armed police soon surround the building at the beginning of what turns into an epic, eleven-day siege.

One initial question concerns the objective of the hijackers. Is it robbery? Ransom? Terrorism? It soon becomes clear that the group, in spite of being armed to the hilt and having sequestered a major government institution, is imbued with an interesting set of morals. For they intend to neither a) kill anyone (although circumstance forces this scruple to be breached) nor b) steal as much as a penny from anyone’s bank account. They do, as it happens, intend to leave the Mint with more than one billion euros in cash. This, however, they plan to achieve by spending their eleven days holed up in the Mint printing the money they want (with the aid of the captured staff, whom they bribe with some of the loot) instead of raiding the vaults for cash that already exists. Their clever plan, therefore, is to escape with untold riches without having harmed a soul while, in the process, embarrassing the authorities and winning the sympathy of the public as “loveable rogues”. Read more

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Economic Myths #5 – Banking is Capitalist


By both mainstream economists and the general public the cycle of “boom and bust” is believed to be a tendency inherent in any capitalist economy. The fact that the latest of such cycles, beginning in 2008 (and arguably not having ended), originated in the banking sector and that large banks and bankers ratcheted up huge earnings and bonuses only to cause disaster has implicated banking as representative of the very worst aspects of capitalism – the epitome of uncontrollable greed that ends in catastrophe.

Unfortunately this popular view of the mainstream could not be further from the truth. In fact, with its intimate ties to the state and its special, legal privileges it is hard to imagine a less capitalistic industry than banking. Part of the deception – wilfully inflamed by politicians and their lackeys – is one that engulfs other industries subject to state meddling such as utilities markets. This is the belief that, simply because the participants in the industry in question are private individuals or entities that are not officially part of the state, the enterprise must be classified as part of the free market and saddled with all of the supposed flaws of that system. Very often, however, private companies and brands are simply the public facade of what is essentially a state owned operation or state controlled cartel. Read more

How soon will the Euro implode?


UPDATE:- I said this the other day, too.

David Davis

About 12 years ago, or it may be 13, I bet a YEM* person £25 that the Euro, recently issued, would sink to UD$1.00 by that Christmas. It did fall, a bit: my prediction was only wrong in degree –  but I lost my bet and ponied up.

Now Peter Oborne thinks the project is at last about to come undone.

* “YEM” was the “Young European Movement”. God knows what’s happened to that.

It does not matter


whether Gordon Brown stays in after being defeated at the (when?) election or not.

David Davis

Britain’s AAA credit-rating has been lost already. The markets have discounted it by letting Mervyn King buy up all our Gilts for the last year.

The Agencies are merely waiting till after the poll to announce it, for fear of being thought “political”. You’d think that the bear-raid on Sterling that will inevitably follow will be worse if he’s there than if he’s been arrested and sectioned.

The poor sad bastard has been had for a gumph, and he’s still the Prime Minister


David Davis

Gordon Brown had been had unfortunately. Again. Proper, politically-brought-up GramscoFabiaNazis are not the only people in the Enemy-Class.

it contains others. Unscrupulous crypto-socialists pretending to be liberal capitalists and therefore disguised as humans who are running “firms”, mostly under the age of about 40 0r 45, and who run outfits that could produce all this unusable and unwanted hardware, which will not do anything like what we are told (and they of course do know it, but will have cashed up and buggered off by the time that’s detecte and we are all freezing in the dark) also qualify.

Two directors of “Testa”, an outfit related to Degesch, I believe, were indicted at Nuremburg, and we hanged them.

I do not agree with libertarians who think we should let off the modern equivalent of such people with their pensions intact if they apologise for being GFNs. Firms which actively and deliberately encourage belief in false religions such as AGW, being bribed to behave like that by States, should feel the full coldness of truth, in the fullness of time. Statist reactions to “AGW” will kill, in time, millions of people.

Auberon Waugh would have said the following:-

“I am not saying at this time that we should round up and shoot dead all directors of firms that actively lobby the British Government and its Terror-Police to pay them to make and sell wind-turbines to that same government, but I think we ought to look at the interlocking relationships inside the Class of Persons that goes to the drinks-parties that these people frequent.”

As an “aside-thought”, seriously highly-developed Nazi governments like this one run just now by the British Labour Party, which like to “send strong messages” about all sorts of things, to people, may have wanted to nationalise more than one bank so that they can direct “lending policy” towards projects that they “favour”, and away from others they do not favour, such as “small business” and “people”. I only refer to NSDAP state policies topwards businesses under R3 in the 1930s, and to nothing else at this stage.

I am beginning to think that some libertarians may not view me, and my views about original sin versus the actions caused by those sins which are acquired through error, quite as positively as I do myself. It may be that there are some humans who are innately bad, and are drawn excitedly to do bad deeds such as tendering for large wind-turbine contracts to Stalinist governments who steal from people at gunpoint. This of course is in the face of all “settled science” (such as the cheap and harmless use of fuels and steam pressure and electromagnetic induction.)

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