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... To the people involved....Please look at the big picture and the consequences of keeping information from the people and it's effects on democracy!

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Friday, December 27, 2013

South American Socialist Politics at war with Corrupted Media Journalism.

Whilst in Europe, we are told by the majority of the media that regardless of all the problems;- the economic crisis, the austerity measures since, the suffering that those austerity measures are causing, and it has to be said, the loss of life which cuts have caused as medical services and other vital services have been cut.

This has been caused by capitalist policies which much of the media still defend. Many media organisations and news papers still give support to the stock markets and give them free publicity even though they without question are continuing to make the economic problems we have worse.

In the United States, the situation is even worse. In Europe, at least leaders like Angela Merkel have the desire to take more control of the financial markets with more regulations. This has been made clear to George Osborne and David Cameron. But the British leaders constantly fight off any new regulations. This makes it difficult for the European Union to move forward on this issue. The U.S. makes their own decisions and is not influenced by any one.

But these differences between the U.K., Europe and the United States only concern the way in which capitalism is allowed to operate. On the whole, we are still led to believe that there is no alternative other than capitalism, by press, media and also education!

In South America however, things are different. The same forces exist which influence many South American people to support capitalism but many people in South America believe there is an alternative. 

It's time for us to look at what has been going on in South America. Also to understand why much of what is going on in South America has been ignored or manipulated by primarily, U.S. media but also the British Media. 

So here's some back ground into what has been happening in South America. If you don't know this.....You should may be ask yourself ....."Why don't I know this?"

Venezuela.....The Bolivarian Revolution

Unrest in Venezuela was contributed to by the IMF who enforced austerity on the Venezuelan people.

In 1992, inspired by Simon Bolivar, who liberated Venezuela from Spain in the 19th century, Hugo Chavez, then a soldier organised a coup against the corrupt, capitalist government of Venezuela.
Ten battalions, consisting of 1000 soldiers attempted to over throw the government. But the capture of Caracus, the capital failed.

After the failed coup attempt, he apologized to the people for the failure saying, "I take responsibility." But made clear the battle was not over. He then said, "This movement is going to knock down the rotten structures of this system."


Many years later, in 1998 Chavez won a majority vote in a an election. At the time the country had 80% of the people in poverty. He said, "I offer the structural transformation that people demand - To transform the political system. -Reforms of social character."

Here is what he said after being elected leader......

"I will free Venezuela from the New form of domination, -that of the free market policy that had been imposed on Venezuela by Washington."
"In the sixty's they gave out land but no loans or technical support. So what happened to the campesinos? The oil wealth never reached the campesino!................That can not happen again.....This is one of the principles enshrined in the revolutionary and Bolivarian constitution. But for this to work people need to get organised."


Ever since this day, private media companies in Venezuela and out side of Venezuela have been giving the Socialist government a tough time. There is no doubt that a lot of the influence is due to the corporations losing the control they had and were using their financial power to create propaganda that would finally remove the socialist government. (This still goes on today even after the death of Hugo Chavez).

On 11th April 2002, a coup was organised by the capitalist opposition to remove the socialist Chavez government from power. They succeeded temporarily, but Hugo Chavez was rescued by his own people and was back in power within 48 hours of the coup.

- Even though Chavez was jailed for his own coup attempt, years later he released the capitalist opposition who removed him temporarily from power, so that they would be allowed to oppose the socialist government in future elections! .......Yet the opposition party, private media and U.S. government still call this government a dictatorship!

So...What is it about the politics of Hugo Chavez that the Capitalists and most of the media appear not to like?
What is quite interesting about this is that if you watch TV coverage by the main stream media companies in Venezuela, the United States and Europe, -when dealing with issues to do with Venezuelas government, there is little information given to the public on what the policies of the government actually are! Generally it comes to a barage of personal abuse directed at his inteligence, or ridiculing of socialists or leftys. This implies that Chavez was not only a buffoon,but any one who had or has any similar ideas about how to run a country was also stupid or had issues regarding their mental stability..........In short......To all who may be watching.....Capitalism is the only way, so don't get any other ideas.............

So then.....The Venezuelan Socialist Government Policies.......

 These are the policies Hugo Chavez put into motion in a short after becoming president...

As well as renationalising the privately owned oil company which had been siphoning off the profits away from those 80% of the Venezuelan people who remained in poverty.......Despite Venezuela being the 4th largest oil producer in the world at the time!  Control of other privatised services was achieved and he took back control of Venezuelas biggest Bank.

Also...

1...........An increase in the minimum wage.
2...........Augmenting of teachers and doctors pay.
3...........Set up of a micro-credit programs.
4...........Formed a women's Bank.
5...........In 2001 there was a redistribution of land to the poorest farmers.
6...........There was a hand out of building materials and poor people were given land to build a home on.
7...........Troops have been repairing roads and painting apartment buildings when not required for military duties.
8..........The rights to fishing Venezuelas waters had been 'sold off'' to multinational companies by the previous capitalist government........Chavez took back those rights and gave local fisherman a right to make a living from their livelihood. Profits from fishing in Venezuela's waters now contribute more to the Venezuelan economy as over many capitalists/investors have been removed from the payroll of the industry. This also meant that fish became more affordable to the Venezuelan people.
9..........'Mission Guaicaipuro'..........A policy that aimed to protect indigenous peoples' livelihood, religion, culture and rights.......
10........An over haul of education and training. ...Chavez launched a number of 'missions' through 'active participation of the citizenry'.........
Mission 'Robinson' taught reading and basic numeracy. In 2003, one million Venezuelans were taught to read and write.
Mission 'Ribas' enrolled more than one million students who had previously been excluded from education.
Mission 'Sucre' is a Scholarship program for university education.
Mission 'Vuelvan Caras' provides vocational training for work.
11........Free health care for all Venezuelans, regardless of income was of major importance to Chavez. Mission Barrio Adentro was a scheme to provide health care to the poor who lived in the shanty shacks of the Barrios. Twenty thousand doctors, dentists and auxilliary staff came from cuba to provide the care in a deal which provided cheap oil to cuba.
12........Out side of Venezuela, Chavez also wanted to have a positive effect. Offering cheap oil to many of Venezuela's South American neighbours. Many of the Chavez policies have been taken on by governments across South America as they have deserted the capitalist regime which we have here in the U.K. and the United States for the kind of policies you see above.

So this is it......The policies that the United States doesn't like. From these policies the U.S. government have constantly referred to Chavez and the socialist government in general  as incompetent. The socialist government have been accused of being dictators. (Telling the private sector what to do.....is not dictatorship if it is what the voting majority wanted).

So why does the U.S. government continue to accuse this socialist government of being a dictatorship. Well one reason is probably to do with Venezuela's oil. If it was privately owned, the oil could be bought by the U.S. and feed profits to a capitalist system which may well involve U.S. financial businesses like Goldman Sachs and J.P. Morgan. One way of getting the oil privatised again would be to get the current government removed and put a capitalist leader back in charge. However, if this was the only reason, it would not justify the lengths that capitalists (with finance from the U.S. government) have gone to. 

This not just about a capitalist country that wants to exploit another country for it's oil. It's a capitalism / Socialism war. Few details of the policies of the socialist government of Venezuela have been broadcast on main stream television in the U.S. or the U.K. The reason behind the propaganda from capitalist sources being served up by all of Venezuela's private TC channels, as well as the BBC, CNN, FOX, etc, on the "DICTATORSHIP IN VENEZUELA"  is because this kind of government does not only pose a threat to the capitalist opposition party of Venezuela, but also to capitalism in general throughout the world........If socialism was to become popular throughout the world, which it is doing so across South America, despite the media cover up by the press and TV companies, the people who would have the most to lose would be those who rely most on capitalism. The U.K. and the U.S. have more capitalist type businesses as a proportion of their population than any one else in the world. Many private companies running services which could be renationalised if a socialist revolution took place around the world would be at risk and so would debt that they may owe to banks who may have lent that debt irresponsibly.

My conclusion is therefore that a capitalist propaganda campaign which has been going on for more than a decade is primarily to keep the capitalist financing system/ stock market system intact. 

Additional evidence to this is the way the U.S. government treats other socialist governments in South America such as Cuba. It's no wonder Chavez wanted to form a South American union! 

There has to be something very wrong with a system that is at risk from collapsing from mere democracy.
Viva Venezuela!
Viva the Socialists every where!

A documentary film was made about Hugo Chavez a few years back....Whilst it was being made he was removed by a coup by capitalists. He was rescued and reinstated as president within 48 hours. The film that was made has now been renamed....."The Revolution Will Not Be Televised."
I'm sure it could be a block buster film but many organisations have tried to prevent it's distribution. This includes a trading standards regulator in the U.K. You can get it from the Venezuelan Solidarity Campaign. There is also a book about the making of the film,"Chavez:the revolution will not be televised; A case study of Politics and the Media."    .....The film you really must see. It will open your eyes to what is really going on in the world!



    

Tuesday, December 17, 2013

Yet More Hypocrisy from the U.K. Chancellor.....'Pay Day Loan' Firms to Face Interest Rate Restrictions in New 'Banking Reform Bill'.

It's five years since the beginning of the financial crisis yet we are still having to listen to politicians talking about new 'banking reform bills' to be brought in. Makes you think, 'What the hell have they been doing up until now?'

A month ago parliament discussed bringing in a new interest rate cap for high street 'Pay day loan' anbd money shops, etc. But then backed out of it. It is now back on again as part of apparently a new 'Banking Reform Bill'. So when a cap is likely to actually go into effect is any one's guess. Unfortunately there are a few things clouding the issue for George Osborne, which is for sure delaying any necessary actions......

To start with, these loan shops don't collect savings deposits, so they are taking investment from financial institutions and borrowing money from the big banks for their needs. The loan shops are now big business for the banks. If you think that George Osborne is going to make the banks lose out on business at the expense of a million poor people, you probably need to look a bit more deeply into Tory policies and the way the lobbying system works.

High streets of most towns are littered with these eye sores. Any new major regulations could see some of them closing. But I just don't see the new regulations being stringent enough to do this. A month ago there was all kinds of talk about how the costs of borrowing would be reduced , but then at the last minute, George Osborne backed out of the interest rate cap issue............

We don't hear much about the problems these businesses cause, but that is obviously because they are under protection of the finance industry. This means the media doesn't give them too much of a tough time. The media generally doesn't go into much detail on the effects the financial system is having on individual people. You can find the reasons for this in other posts in X-ECONOMICS.

The fact is that when people use these loan shops, other out standing debts they may have for example on credit cards becomes a much higher risk. If some one borrows some money  from a loan shop because they are near their credit card limit before Christmas and then struggles to pay that money back the problems on all those debts escalate. Before long, bankruptcy may seem the easiest way out. This happens to many people and is costing us all a fortune. This is because that people defaulting on credit is more of a problem for the public than the finance industry, as the finance industry simply removes the risks of these debts from themselves onto investments which they sell. Pension funds get hit hard by this. It is an abuse of savers by the banking industry. An abuse, that unless people spread the word, many will be unaware of what is happening to their pension fund whilst they pay into it every week..........
.................If it wasn't for this unloading of risk by the financial system, we wouldn't have our high streets littered with money shops and pay day loan shops!

If the financial system had to pay for the economic problems these high interest lenders cause, we wouldn't be in this situation. The lenders wouldn't exist. If in any doubt about this, may be you should compare the return you are receiving on your pension, as compared with a top banker's wages and bonuses!
......................Now it's all beginning to make sense, isn't it..?... !....

Whilst George Osborne beats around the bush on whether to enforce a new interest rate cap on pay day loans, the bank of England still claims that the Bank of England base interest rate being kept low is to help the economy.........?

Slightly sceptical about this to say the least............-For the reason that, if the government really cared about the economy, they would have restricted the interest rates on pay day loans long ago....-You see, the governments policies just don't add up..........Low base interest rates are not to help the ordinary people. They are due to a vested interest of the government.

Helping let's say, middle income people with their mortgages, whilst at the same time letting slightly less well off people be crucified by unregulated landlords who have no restrictions on the rent they charge (....and no restrictions on pay day loan companies they may use!) seems hypocritical. The fact is there are other reasons why the base rate is kept low, and it nothing to do with ordinary people. It's all to do with the financial industry and stock markets. For example preventing corporations involved in buyouts from collapsing under irresponsible debts and conveniently keeping down the national debt interest rate low!

................This is evidence that the government policies on the whole are based on the success of the stock markets and finance industry as opposed to the ordinary people. Irrespective of their claims.............. But what is most annoying is those supposedly clever people on the BBC will never expose the gaping holes in the logic and claims of the government, whilst they obviously continue to mislead the majority of the public!
.



Sunday, December 1, 2013

The Legacy of 'Private Equity Businesses' on our Public Services and Businesses.



Many private equity businesses have been linked with the loading of debt and the resultant collapse of many important businesses.....Although the collapse of Petroplus, Southern Cross Care Homes and Comet and many other companies reached the media and their stories are common knowledge throughout the U.K., I don't think we have actually been given the full story of what has happened to these and many other companies that are no longer with us.
.......X-ECONOMICS has previously posted articles on Petroplus, Southern Cross and Bain Capital.

Bain Capital, a company that was formed by Mitt Romney has bought the U.K.'s Blood Transfusion Service which includes the freely donated blood of British people. But what you may not have heard through the usual media is that 22% of businesses invested in actually collapse once Bain Capital have invested in them! Yet our government has given the go ahead for Bain to buy our blood service under the 'Section 75 Reforms' which is actually privatisation of the vast majority of the NHS even though David Cameron continues to deny that the NHS is being privatised. The businesses that have collapsed under bain I have suffered under typical abuse which has become customary by such equity companies. A combination of loading of debt, job cuts and asset stripping!

Many health and pharmaceutical type businesses that Bain has controlled are now bust. But of course the media generally doesn't blame the management of these equity companies.
.......They get to run these companies not so much because they have some rare genius ability to run these companies, but because of their relationship with people in control of stacks of money such as pension funds, banks and Insurance companies. This simply gives them overwhelming power to buy control of these businesses, regardless of their qualifications or any training that would be expected for some body to merely work for the company!

-What businesses like Bain Capital and Blackstone do is based around investments and return on investments.-It doesn't have quite as much to do with the hands on running of the company as the media would have you believe.-Much of what they do isn't particularly clever. Much of it involves cost cutting which gives short term returns, but damages the long term prospects of the company.

To give an example, lets take Blackstone Capital. One of the worlds most successful Private Equity Companies. The people working for Blackstone no doubt have economics, finance and business qualifications but these qualifications are a total waste at Blackstone Capital. This is what happened to Southern Cross. Until it's collapse, it was the U.K.'s largest care home operator. Looking after thousands of elderly and disabled people..............
................Having acquired a number of care home businesses and bringing them under the umbrella of Southern Cross Health Care, the management decided to take every property which the business owned and sell it off for cash! All the property was sold to other similar investment businesses, who lets be honest, were not buying them so they could contribute to helping the old and disabled, but to get their own return!
-Seeing as tax payers are paying much of these costs through benefits, and many elderly are funding their care through selling their own homes, you can see why the property of Southern Cross Health Care was in big demand from investment businesses, hedge funds, other private equity companies etc....-So the property was all sold.........
...............Some years later, the business collapsed under debts. Blackstone blamed the new landlords of the properties they had sold for demanding rent that was at to high a rate! -They also blamed problems within the economy. But the economy wasn't the cause. The cause was to put it politely incompetence by Blackstone. Or maybe less politely, it was caused by the typical short turmness of the strategies of these investment businesses. When they put the cash from the property sales into an off shore bank account, they surely knew that the selling off of all the property would be damaging to Southern Cross Healthcare, in the long term.

One of the problems which encourages bad decision making from private equity firms and other similar investment companies is that they don't have to make a success out of a company to make money for their own equity company. They will make money regardless. Private Equity firms and banks still make money even though investments may appear to fail! One reason contributing to this is that private equity firms charge their investors a percentage of their investment, whether it is successful or not. Private equity companies have been known to lose an investors cash in full, and then send them a bill for their services as their is nothing left of their investment to take commission from! The basic costs of wages and running costs of offices are paid for not by the businesses they are seen to be running but by their investors. And this creates a clear problem. These businesses that are run by private equity firms do not have to be treated as a sacred commodity. In fact what happens is the opposite. The business is not treated as a valuable commodity at all. It's treated as a cash cow for short term gains!

When Permira bought the AA, the UKs largest motorist's break down service they immediately sold off all the break down trucks. After they were all sold for cash, whenever they needed a break down truck, they had to hire one from a private owner. This is just like Blackstone selling their care home properties off to landlords.The result is exactly the same. The private equity company receives a bundle of cash, but then has to pay a higher cost out to rent back what they have just sold off. Selling off your own home and renting it back could seem a good idea while your spending the money from its sale on holidays and luxuries. But you know the day will come when you won't have the money to pay the rent. It has short term benefits. But at the cost of long term sustainability!

Okay, so the AA hasn't gone out of business. Well that was always unlikely due to domination the organisation has in it's market. But the charges to customers have risen substantially. Many customers only being able to afford for a tow service to the nearest garage, where as before the buyout by Permira, the price for home relay, that is towing you to where ever you are going in the country, or all the way home was affordable for most. The price for that service is now substantially higher than back in the pre-Permira days. You have to also bare in mind that as time has gone on , vehicles are more reliable and break down less often, which should reduce the rate that costs rise.

When Boots was bought Kolberg Kravis Roberts, they opened opticians in the stores, but made their own rules on the eye tests that had to be taken. Charging many contact lens customers for two tests when only one was required by regulations. KKR have since bought up other competing opticians like Dolland & Aitchson who are now operating under the same rules as the Boots Opticians. Costs for eye tests have risen significantly since. The Merger & Acquistion Commission supposedly made an inquiry before Boots took over Dolland Aitchson, but as usual in these cases, it was allowed to go ahead. Boots still forces clients to take tests that are not required by any health regulator, but they still tell customers that they are acting on regulations.

Riverstone and Carlyle, both private equity companies were involved with petroplus, the oil refinery company before it collapsed. There were a number of problems that contributed to its collapse. First was debt. Private Equity companies are all about debt. Riverstone and Carlyle own masses of businesses and property portfolios around the world. Todays figures would probably be in excess of $170 Bn between them in investments! These businesses invest money mostly in established business and property. They don't actually create very much themselves. If you was to kind of compare them to a private landlord of domestic homes, Riverstone and Carlyle (Like KKR and hundreds of others like them) are really most accurately described as.....'Landlords of Businesses'........They buy a business just the same as a landlord would by a property....With usually around these days 75% borrowed money!

Petroplus bought up existing refineries around Europe, all with borrowed money. Even though they may have been originally financed via Riverstone or Carlyle, it is not Riverstone or Carlisle who will be responsible for the debt their after. The oil refinery business of Petroplus will be responsible for the debt. (If debts are loaded onto a business by a private equity firm, the business-not the private equity firm is at risk of collapse.-But if the business invested in does collapse, banks who provide the finance to the private equity firms will be 'bailed out' by the pension funds investing in the private equity firms!). So when these private equity firms buy up businesses, they often put the businesses they buy at substantial risk......Whilst risking little themselves.-...because it is the investors into the pension funds investing in the private equity firms that will be at risk.-...These pension funds are used to guarantee any funding from banks, so the banks are at little risk whilst taking part in these deals. The petroplus story is very complicated. To be honest it has probably been made more complicated in order to prevent people from knowing what was going on with the company. For example, petroplus set up it's own finance company....Petroplus Finance Ltd........... which could issue bonds for Petroplus through an investment bank! It was non payments on interest on 7 year bonds which brought in the administrators. Also Petroplus Finance was charging financial services to Petroplus even whilst Petroplus was losing money. (Petroplus Finance could profit whilst actually adding to the debts of Petroplus. If you set this up knowingly it would be the big F word and because it issued some billions of dollars in bonds, this was probably a likely scenario)........Also conveniently, Petroplus finance was based off shore I, think in Bermuda where profits tax free, but also accounts can be kept secret.........I wonder why they might want to do that?

Any way, the point of this post........
For people to understand the real effects that the private equity firms have on all our lives. They are involved in all types of businesses. Britain and the U.S. again have been leading the world in private equity business, with the U.S. pretty much dominating the world.

The financial press and media give them far too much respect. I don't mind if they have done something comendable, fine report it. But they don't report the other side. The examples above are just a few old examples of how thes businesses operate. Often you will about how prices are rising. Rising costs are blamed. The economy is blamed. All too often I hear of extortionately rising prices for a type of business only to find that business and possibly it's associated has been taken over by a private equity company/companies......But the financial press turns a blind eye........Because private equity is good business for the financial industry........................................Just like a blind eye is turned to the private landlords who have been buying properties for years, whilst rents have had to be paid by the tax payer where a tenant has become unemployed!.......Or in fact in reality has been added to the national debt............................Irony?......................Or is it that the ability of the financial system to make money from undermining the economy is actually a higher priority than getting the national debt under control ???!
                                     ...............The picture becomes clearer day by day by day............






Wednesday, November 13, 2013

Peoples Assembly's 'Bonfire of Austerity' & 'Anonymous Op Vendetta' Protest November 5th 2013.

On November 5th protests took place in towns all over the U.K. against austerity, government corruption, corporate corruption and media corruption.

In London there were protests led by activist group anonymous along with other cities around the world.

The People's Assembly staged the 'Bonfire of Austerity' protest in the City of London as well as dozens of other towns around the U.K

None of these protests were given any time by main stream media prior to the events taking place. The media companies also had little to say about the protests after the event. In a short BBC report, the report said that the protest was a 'Guy Fawkes Protest'......This was obviously intended for people to think that the protest was against Guy Fawkes.

Although they were ignored by main stream media, to many of the poor and disabled people who attended the protests, were provided with a ray of hope that some body cared that ineffective governments were actually ruining people's lives and that this would not be tolerated any longer. But by ignoring the people, the national medias have again failed in their duty to keep not just the public, but the government informed of the views of it's public.........

The 'Bonfire of Austerity' was attended by Owen Jones, whilst the Anonymous protest was attended by Russel Brand......

Owen Jones was pictured numerous times along side people burning gas and electricity bills and TV licences. However the availability of these pictures seems to have disapeared. May be the internet has been trawled for his pictures by one of the many organisations he is associated with. Either the Labour Party or may be the Independant News Paper who he writes for. Owen Jones is a person who speaks his mind. I would be deeply concerned if the media in the way that I know and many of you reading this will know it can, will use its powers to restrict and constrain the influence of some one like Owen Jones. If you haven't seen him perform outside the restrictions of main stream media as I did for example in Manchester for NHS Privatisation and Austerity Protest, you would certainly see he would give the like s of Boris Johnson, in view of his potential to leading a political party, a few things to think about. I have no doubt that Owen could tear apart the policies of the Conservatives, as well as a lot of the Labour Party's policies. But my feeling is that the media will step in to make sure the so called 'leftys' won't get a look in.

As far as I am aware, neither Owen Jones or Russel Brand got so much as a mention by the main stream TV companies. Lots of us can see what is going on, but we don't quite know who the individuals are, who are controlling this manipulation or their motives........... How is it affecting the media company staff?....... How long will it go on?.......

                                .............And where will it lead to?...!.........




I talked to some of the protesters on November 5th and here is what they had to say.........

Lowan.
"The democratic system needs renewal."
 "Friends are being affected by austerity. A single mum who is having to move due to bedroom tax.
According to 'Shelter', 80,000 will become homeless this year.
Children  in the Western world shouldn't go without a meal."
"And we are giving money away to countries who are running a space program!"
"The M.P.s are getting a 10% pay rise, whilst still over claiming expenses."

Chris (Sargent Ginger)
"The current system is set up to fail constantly. It's time for the people to step up and make their voices heard."
"To activate real empathy for people. To take back what is rightfully ours."

Gino
"The influence of banks is affecting all governments regardless of party. This trumps the interests of the electorate despite a litany of legal and economic cases against the financial system."
"Banks asked for bail outs before selling off sellable assets and got them. They began selling assets later. The reason why this happened has not emerged."
"Two X Goldman Sachs people are now helping run the BBC Trust!"
"All that prospers in the current climate is a legal algorithm of sycopathic extortions!"
"We need to form a parrallel sysem to prop the economy whilst the old system is rectified." (Financial system).
"Money earned in local authority areas needs to be retained - With maybe a local currency?!..
"The 10% pay rise for MPs raises hackles as well as questions!"

Simone Meiszner & Holly.

Simone is Holly's full time carer as Holly has a disability. Holly is in her mid twentys but appears much younger as this is one of the effects of her condition.
Simone; "I am a 24 hour a day carer for my daughter, with no days off."
"There is virtually no help for disabled people and the welfare for sick people is not enough."
"I am unable to work whilst having to look after my daughter even though I have experience in horticulture."
"The rules which are enforced on home help carers, restricting visits to a maximum of fifteen minutes per day are inhumane."
"Cameron has attacked the NHS, welfare and the disabled. The whole system needs to change."
"We can not afford a privavtised NHS service. The disabled can't afford private healthcare."

Holly;"I want to work, but I need support in order to achieve this and there is just isn't any support for people like me."

Graham.
Here for "full-on Occupy".
"I'm against the absolute and pure corruption by our government.!"
"Many have shares in arms companies."
"Lord Brown donated to the government, became a Lord and was then made Chairman of the fracking company 'Quadrilla'. There is a conflict of interest between his duties as a Lord as decisions may be as much influenced by his business interests as by public interest!"
"I'm against our forces being sent on illegal wars which more about oil than any thing else."

"The governments 'sustained growth policy' is unsustainable due to available resources."

"Mining firms based in the City are mining on indegenous peoples' land without consulting with indiginous people."

"Whilst Ian Duncan Smith lives in a country for free, has still received another £1.5million in farm subsides! He tells the unemployed, they are going to have to work for benefits."

"Government policies have left us with no jobs!"

Paul & Tom.

"We're here to judge Parliament!"

Paul; "I find them in contempt!
"Guilty of sponsoring terrorism in Syria. Al-Nursa is being funded by British Government. They are foreign nationals destabilizing Syria."
"I'm against the Saudi Arabia Agreement."
"I am a catholic and am not here to protest, but to pray that there is no violence here today!"

Tom; "Guilty!"


Dondeo
"Social Services used fraud to take my child five years ago.Just because I am in a wheel chair, but for only long distances."


This is a story that has reached main stream media. Dondeo has appeared on news programs in England. What is for certain is that many people believe that financial incentives for businesses in taking children away from parents, is encouraging exactly this kind of thing to happen. Tax payers money is being used to pay for this process. Surely we would prefer to see our money helping the real parents of children to be used to help them remain with their true parents. I believe this may be a consequence of a government which has no understanding of these types of circumstances.


Pinar.
"I am protesting about oppression by governments around the world."

Pinar told me of atrocities in her home country, Turkey which I have not been allowed to post on this blog. REDHACK is the Turkey equivalent of 'Anonymous'.






Neil

Posts on TPUC. A website for 'Positive People'.

"Under clause 61 of the Magnacarta you can have lawful rebellion!"

See website-www.tpuc.........


A few more pictures.........








Sunday, November 10, 2013

The Bias and Corruption of Main Stream Media of United States and U.K.

Protest against media bias towards governments and corporations on 16th November 2013 in London, Glasgow and New York.


So ....Why protest?

Though many may find it hard to believe, the University educated people of the big TV companies in the U.K. and the United States are not carrying out their duty in keeping their public informed on major issues.

 The governments of the U.K. and U.S., regardless of the party in power up till now have had a heavy bias towards the thing called capitalism, which these two countries have led the world in over the past decades.

The problem is that, these countries can benefit from the current kind of capitalism (that is excessively debt funded capitalism) in a way that most other countries of the world will not be able to benefit (Because they have more big banks than most other countries)........Leaders of capitalism can benefit most (eg UK, US)  whilst followers of this type of capitalism may be damaged whilst they feel they are forced to take risks to compete with them (eg Ireland).

As leaders of capitalism the U.K. and the U.S. have succeeded in ensuring that the majority of the TV companies and News Papers protect the workings of the financial system from too much scrutiny.

What I can tell you as far as the financial system is concerned is that;......

.......The U.S. and the U.K. treat the financial system which has the stock markets at it's centre as something that is sacred and can not be questioned..........And the main stream media does not question it......

Though a few top bankers and traders may be singled out by letting the system down by taking risks, the big media companies will never turn on the stock markets as a potential cause of problems. They also have little negative to say about private equity companies and hedge funds.

         Private Equity Companies, Hedge Funds as well as the Stock Markets have had a devastating effect on business and that has had a serious effect on the worlds's economy and us as individuals........The media in the U.K. and U.S. however have not reported this. The reasons for this are clear. Investors would vacate the British and American banks if they were to lose their faith in them after negative reports given by the BBC or CNBC.........The income from the financial sector for the U.S. and U.K. is so important and so excessively high that the financial system itself and the governments have created enough influence to the national medias that they are withholding much information on the workings of the financial system.

Much of the other news which has been hidden from U.K. and U.S. citizens include......

1................The Icelandic Banking Revolution.
      - In 2008 after the beginning of the financial crisis, the main bank in Iceland was renationalised. The Krona devalued and the stock market was frozen.

The government was then forced to resign under pressure from the people.
An act of parliament was then passed to pay the U.K. and Holland's Banks out standing debts of 3.5 billion Euros over the next 15 years at 5.5% interest rate.

In 2010, further protest brought a referendum on the payment of the out standing debt. The referendum resulted in 93% of the public voting to default on the debt to U.K. and Holland.

During an investigation into the cause of the crisis, commissioned by the new government, many top bankers have been imprisoned, and many foreign bankers deported from the country.You can see more on this at the "Collective" Evolution" blog.

2...............The privatization of the U.K.'s National Health Service.

The National Health Service is being broken into pieces and sold to conglomerates and equity businesses like Mitt Romneys Bain Capital, Virgin, Serco etc. The decision to sell off the NHS was made through a vote in the House of Lords. Coincidentally, dozens of the Lords who voted, are already chairmen, executives and owners of businesses that are now buying up the NHS Services! It clearly isn't a coincidence because the relationship with the Lords and health orientated businesses has been growing over the last few years surely in preparation for the day of privatization!

This information has been hidden from main stream media, as well as the devastating effect that private equity businesses seems to be having with businesses they buy. (See else where in X-ECONOMICS for information on the privatization of the NHS and private equity companies. ).

3...............The truth about Hugo Chavez who nationalized Venezuela's service industries after they had been privatized by a previous government.

Hugo Chavez led a revolution in Venezuela and is a hero there and all over the world. Though much of the world knows little about what he did. When you find out what he did it becomes clear as to why it has been kept quiet by capitalist biased press and media.......

The government under Hugo Chavez took back privatised businesses from private owners and renationalised them.

The consequences of this are one; that foreigners are unable to take control of the country's wealth of oil.....and two......It gives the finance industry a kick where it hurts. The finance industry has an apparent hold on the business world all over the world due to businesses being indebted to banks.......Therefore the banks are on the pay roll like any other cost of the business........As you can see the logic of the financial system is almost bullet proof, until it comes up against some one like Hugo Chavez......Who decides the bankers and financiers are no longer in charge!
..................There is no need for an explanation as to why the U.K. and U.S. governments would want to hide this information about how Venezuela has evolved over the past decades. If the trend caught on else where, as it has now done in Iceland, the banks would lose their hold on the world.

As the U.K. and the U.S. employ more people in the finance industry as a proportion of their population, than any where else in the world, protectionism of their finance industries would perhaps be justified ....if it wasn't having such a destructive effect on the people of those countries and through a bad influence on other countries around the world.




4.............The real causes of the financial crisis

There is much more to the financial crisis than the reasons given in the main stream media. The biggest reason being the sub-prime loans in the U.S. The truth is debt to private equity companies buying businesses was also a factor. As well as the bloody hedge funds who were just doing as they do today; Add costs to all our lives! Increase the bail outs or may be, be the main cause for bank bail outs! Put businesses at risk and take home pay which can be individually a billion dollars per annum!........whilst they do nothing useful for us!
Lots more on this in X-ECONOMICS.

5..........The sacrifice of the home buyer mortgage market buy the finance industry so the money can be used for trading in stock markets, corporate buyouts, private equity buyouts and buyouts of privatised services.

In the U.K., one of the few new rules since the financial crisis is that banks need to hold more capital than they used to. What this then means is that there is less money available in total for the lending of home mortgages, small business loans, credit card lending,etc. In the same pool of money, there is also;

i) Lending money to big businesses for corporate buyouts.
ii) Lending money to private equity companies for buyouts.
iii) Lending money to hedge funds to buy whatever they want to buy. This could be shares in the Royal Mail, derivatives,etc
iv) Lending of money to create new on line gambling businesses, loan sharks and money shops.
Currently, none of the five uses of invested capital are having any difficulty getting cash from banks. Stock markets have reached new highs in the U.K. and the U.S. since the financial crisis. Corporate buyouts and Private equity buyouts came to a stand still after the crisis but are have also recovered. But the home mortgage market has been virtually abandoned. The banks not lending of home loans is nothing to do with risk, because what the hedge funds and buyouts are doing is far more risky (but the banks have ways of off loading the risk to other parties such as pension funds). Lots of people are unemployed, but the majority of people still have jobs and can afford to buy a home.......They have proof of that by the amount of rent they are having to pay whilst waiting for the opportunity to get a mortgage................The banks are simply using the option that makes them the most money.................Whilst every one of those other four alternative uses of cash are damaging the economy. They all cost jobs, though the finance industry and the media keep this quiet.

Whilst the main stream media side with the financial industry, they are aiding the financial industry in a continual destruction of the economy. The fact is the first four uses of  investors cash listed are actually creating future difficulties in paying off the national debt as they all one way or an other reduce the income of ordinary people which reduces our ability to pay taxes. They also directly or indirectly add to unemployment.................Banks could make money from mortgages, but the system can make money easier by creating asset bubbles, for example the fiasco of the sale of the Royal Mail. It's great for the bankers but does nothing for me and you. This is not difficult to understand for people who have achieved degrees in education............Which the BBC staff have.......So report the news and stop aiding the financial industry in dictating to the world and under mining the economy! 



Ice Save is a corrupt savings scheme....but there's a hidden message for us all!























Wednesday, October 9, 2013

U.S. Debt Ceiling Crisis

It's time for the governments of the world to get together and reduce the cost of the financial system to all governments

Increase taxes for high earners across the globe....Regulate the financial industry so that our lives, economies and governments are not damaged whilst the financial industry goes on in it's search for easy profits.

If this is the alternative to governments being shut down and austerity which is destroying lives for many who may have already been disadvantaged before the austerity measures were put in place, and causing many more to lose their lives, then surely higher taxes for the wealthy could reduce these problems for many countries.

It seems like a big ask doesn't it. The idea that an international agreement that all governments contributed to
which meant all the high earners in the world contributed more, could be formed. Governments would have to discuss and reach an agreement on a new level of taxation for the wealthy.

 If this agreement was reached, politicians would no longer be able to use the excuse for not raising taxes to the wealthy -"The businesses or individuals will leave the country taking their business and all their taxes with them !"

You will probably be thinking that - "This agreement won't be possible. Governments across the world can't agree on any thing."

This does appear to be true when you look at the European Union for example where some countries are united by their currency (whilst some aren't), and other regulations on taxes are left to each individual country.

Although there is little evidence on countries around the world being able to unify their policies, there is a big exception to this which goes against the idea of the world not being able to agree or comply with each other.

It is the world's finance Industry....

Although the world's finance industry is not officially based in any particular country it has rules and regulations which are the same where ever you are in the world. The way that the Stock Markets work are the same whether in New York, London or Tokyo and throughout the world. Also other aspects of corporate finance like the buyout business. The rules whether respected by all or not are adhered to throughout the world.

There are differences like the amounts of transaction tax on stock market purchases and the level of regulation and freedom they are given.

But the point is ....This system though heavily influenced by the U.S. and the U.K. is not under the jurisdiction of any one governor. We therefore have something that is agreed upon not by every one, but is being co-operated with by most governments of developed and developing countries.

So is the idea of a world taxation enforcement that used cash provided by the wealthy beyond human capability?......I think this example of co-operation within the financial industry shows that where there are benefits for all involved, people from different countries can co-operate with one another...........

The United States we are told is one of the wealthiest countries in the world. The U.K. supposedly less wealthy but has less debts but is still struggling to get them under control. Neither of these countries is able to get the deficit under control.....That is the extra money that is having to be borrowed each month........The deficit has to be reduced to zero before you can begin to reduce the actual out standing debt....the national debt....

...................Now the U.K. and the U.S. are supposedly in a better position than many other countries around the world.....but have made little progress...............But the chances are it will be problems else where in the world that will create turbulance in the financial system that will effect the world over including the U.S. and U.K..............We need a reality check..........Many countries are struggling due to measures that are being enforced by the IMF and the ECB. It's time for people to begin to think where the interests of IMF and the ECB lie.............As I often comment on various posts about national debts of various countries. 'One day the Penny is going to drop'...
.........................and when it does it is going to take a few trillion dollars with it !
It's time for a plan B before any more unjustified lives are ruined and lives lost..........
                      ......................It's time for the people to make the decisions. Not the financial system.
               .............The financial system of the world is merely hanging on to a thread which is inevitably going to break.....The matter is only ...When ? !...




Monday, September 30, 2013

Manchester Protest Against NHS Privatisation and Austerity.

On the 29th September 2013 a protest took place in Manchester against ConDem policies which include Bedroom Tax and general benefit cuts. But the biggest issue on the minds of many of 55,000 people who attended was what is now happening to the National Health Service.

The changes to the NHS are still irritatingly being called NHS reforms buy much of the main stream media including the BBC. Many of those who were at the protest will be aware that parts of the NHS service will inevitably be taken away from many of those on low income over the next months and years. Whilst many may still trust the news service provided by the BBC, the TV company has misled the the people on what is really happening. The BBC is still attempting to create an illusion that it believes the NHS will be better or none the worse for the so called 'changes' being made.......

.........But what is actually happening is a scandalous assault which will leave many ill people without a hospital bed, whilst many comparatively less needy people will spend days in those same beds, because whilst the patient spends time in a private hospital, their hospital bill will be paid by their health insurance provider, or out of the patients personal wealth.

Private businesses which will still be allowed to carry the NHS logo will have an incentive to find wealthy people who may or may not be particularly ill. But at the same time keeping people on lower incomes away from the privately run 'NHS' logo'd services.

It sounds like a crazy assumption to make doesn't it?

A government wouldn't do this to it's people would it?

Unfortunately privatized health services have a track record that will cause concern to many.

The questionable track record of privatized health services has been most clearly emphasized by the health service in the United States.

.....Incidentally the British Government has been sending over representatives from the UK to learn and gain knowledge from the U.S. health service. However, I have to question the reasoning behind this. The problem is the U.S. health service combined with health insurance costs more than twice per capita in the U.S. compared with the U.K! This is the total national and private health insurance bill, deducting costs of care where covered by insurance. Any healthcare not covered by insurance then added to total..

So then...Why do British politicians need to go to the U.S. to learn about their Health Service. When ours,though severely damaged by starving of funds by the current government and the PFI scandal, is
still more far more efficient than the U.S. equivalent, at least when total cost is taken into account ?

The U.S. has by far the highest health service costs. Doubling the cost of most countries.

The truth is likely to be that the politicians arranging the fact finding visits to the U.S. are not interested in making an efficient low cost service for the public. They seem to be preoccupied with making changes that will involve the finance industry becoming a permanent cost of this and other industries. Because of the U.S. and the U.K.s dependents on their finance industries, they have let's say 'a bigger than average' incentive to load people, businesses, services, major events, transport projects, etc with 'investment' or debt........It is this bias towards the finance industry that was surely a major player when the finance industry 'invested' in the national health trusts. The result is that many are at the point of collapse due to rising irresponsible debt.
..........Britain and the U.S. have historically been successful at attracting investment through, banking, pension funds, stock market flotations from all over the world.
                ...................Both countries therefore have a need to create reasons to load things and people with debt.......
..........If they didn't do this, their growing amount of investors money from around the world would have nothing to invest in. There fore it wouldn't be possible for a business or an individual to provide a return on the investment..............But if there is no return on investment........the money being sucked in from around the world will stop being attracted to U.S. and U.K. shores. (It is this that has maintained the U.S. and U.K.s position amongst the apparently wealthiest countries in the world even though their industry has been reduced radically over the previous decades.
................. Privatization provides a vehicle for this investment whilst also placing many billions of dollars or pounds into the hands of the governments for a service that had been paid for by their public.

The visits to the U.S. by British representatives are most likely to be focused on attracting investment from established private health care providers who may be financed by British banks or by the U.S.'s more successful investment banks. You see, Privatization is more about getting banks and other financiers like private equity firms and hedge funds onto the payrolls of the businesses and services that are privatized at the same time as providing a load of cash for the government which may or may not be used to contribute to running the country.

But the illusion that seems to be being created by the BBC, that protesters needn't be worrying about privatization will continue whilst we have the same Lords in control of the BBC whilst at the same time having a similar amount of their influence on how the NHS is being run. The BBC therefore has a vested interest in misleading the public. This is the reason why the majority of the U.K. are still in the dark where the NHS is concerned and privatization in general. We are being misled. You will find that the same conflict of interests also exists in the U.S. The U.S. and U.K.s media therefore would appear to work as a team which reinforces the lack of understanding of what is going on in the business and finance world of these two countries.

There is a likelihood that media companies will find themselves as a target for protests like the one against NHS privatization unless we can encourage the media companies to start telling the truth.