Daily archives: May 7, 2013

Lawson: The Banker’s Poison is Out

It is the bankers who pay the rat Lawson who want London as an offshore money-laundering centre outside the EU. This is what Lawson said about the EU today:

“Economic disadvantages are much greater than the advantages. In particular – it is not the only thing, but in particular – the attempt to overregulate and to cut down to size the financial services sector, banking and financial services including insurance which we need in this country, this is already causing great concern to people in the Bank of England, it is extremely damaging to one of our biggest industries so the economic minus is a very big one.”

BBC News Channel today 12.43PM.

It was of course Lawson who was Thatcher’s accomplice in destroying most of our real industries, the ones which actually made something visible. It was replaced by the crazed idea of elevating the financial services sector, from providers of middlemen services for a small percentage, into the greatest net recipients of income in the economy, through creation of price gambling instruments and South Sea Bubble schemes. The result has on average cost everybody in the UK and US the equivalent of their housing cost again in extra tax, plus plunged the entire world into recession.

All that tax, plus the 225 billion sterling extra money from QE in the UK alone, has just been given to the bankers so they can have no interruption in their gambling or lifestyles.

Let us not exaggerate the marginal changes the EU has been seeking to make. Instead of banning whole classes of derivative trading, they are merely looking to institute a transaction tax (entirely sensible in itself) and put some limit to the financial rewards of bankers – who will still get massively better paid than equivalent workers elsewhere. But even that is too much moderation for the insatiable greed of Lawson and his ilk, and they would rather destroy the EU than have any bounds placed on their wealth.

In a recent posting, I pointed out that, precisely opposite to the way it had been reported in the mainstream media, the recent Eurobarometer poll showed that voters, specifically including UK voters, had more trust in the EU than in national government. They also wanted the EU to control the likes of Lawson and his chums in the City:

Here are some more details of the Eurobarometer poll the Guardian omitted in its total misrepresentation. 70% wish to see a stronger EU role in regulating the financial services industry (p.28) and on the same page, 76% want to see stronger EU coordination of economic policy.

Large majorities across Europe support:
the introduction of a tax on financial transactions (71%)
tighter rules for credit rating agencies (79%)
a tax on profits made by banks (83%)
tighter rules on tax avoidance and tax havens (61%)

These are all areas where the Tory government has been among those blocking effective EU action, against the will of the people of the EU.

That is why the bankers are against the EU.

View with comments

Lynne Stewart – Last Chance for Compassionate Release

In the same week that the Obama administration decided there would be no prosecutions of Bush acolytes for torture and extraordinary rendition, they also agreed to go ahead with a move to increase the jail sentence of civil rights lawyer Lynne Stewart. In July 2010 they succeeded in getting her sentence increased from 28 months to ten years.

Lynne Stewart’s “crime” was to pass a message from one of her clients, imprisoned Egyptian cleric Omar Abdel Rahman, to his followers who were struggling against the dictatorial Mubarak regime. Mubarak was one of the United States’ favourite dictators. Despite the fact that Mubarak killed many thousands more people than Omar Abdel Rahman’s supporters ever did, it was Mubarak that the United States designated a good guy, and Rahman a bad guy. At Lynne Stewart’s trial, the jury were repeatedly shown videos and photographs of 9/11 and Osama Bin Laden, despite the fact that neither Stewart or Rahman had any link to either.

Stewart believed that restrictions on her communication as a lawyer with her client, and the recording by government of her meetings with her client, were unconstitutional. She read out the message from her client at a public press conference in New York. This was it:

“I [Omar Abdel-Rahmn] am not withdrawing my support of the cease-fire, I am merely questioning it and I am urging you, who are on the ground there to discuss it and to include everyone in your discussions as we always have done.”

At the time Obama decided to imprison her for much longer, Stewart was already known to have cancer. Due to delayed and inadequate treatment in prison, this has now spread throughout her body. it is now in her shoulder, lungs and lymph nodes. She has just been recommended for compassionate release on these grounds by the prison Governor. This however is a Federal decision. Obama’s pursuit of whistleblowers and others who question the “war on terror” has been vicious and unremitting. The hate campaign in the USA towards Stewart in the USA is startling to British eyes.

Desmond Tutu and Noam Chomsky head the petition to free Lynne Stewart. Please add your names.

View with comments