Banking and financial probity has always been above the heads of most people, even educated ones.
Charles Dickens summed the principle of sound money policy in principle. Income 20 shillings expenses 19 shillings and six pence equalls happiness. Income 20 shillings expenses 20 shillings and six pence, Misery.
To all out there that doesn’t understand old money, thats why they changed it . All part of the scheme of debt financed capitalism. Teach people the price of everything but the value of nothing. Then tell everyone its OK to want it now and throw money at you. I once read that all printed money is counterfit simply because it loses value. So they throw it at you, you pay back more later. The reason that this is encouraged being a man/woman/family is easier controlled when they are mired in debt.

I got so carried away I forgot to say even though you may personnally be free of debt the coming slump may cause so much heartache that even the thrifty will also suffer. The banks will have a lot to answer.

Quote:
“We must retain and regain British ownership and control of British industry and resources, including financial resources, as much as is possible. We must give protection for industry and jobs by selective tariffs on foreign manufactured goods that we can make competitively ourselves. We should stop artificially inflating the value of the pound, which makes British workers more expensive and foreign workers cheaper.”

Music to the ears, absolutely correct.

We have 2 choices:

1) We follow this economic liberation programme and also repatriate aliens who are in no sense British, nor ever could be.

2) We decline quite rapidly into a failed state hell hole.

Option 1 will be difficult to achieve but offers the prospect of national re-birth.

Option 2 is a prospect appalling beyond measure.

It is urgently necessary that the proper conclusions are drawn from the disasterous mess that has been contrived by fools and traitors. We understand all this and it is about time others did as well.

We are going to get hit by a sextuple whammy:

(1) The post-WWII rise in prosperity was driven by cheap oil. This is running out.

(2) Since about 1975, increases in productivity have been brought about by application of microelectronics. But this is now a mature technology, and most of the quick gains and easy things have already been done.

(3) Our population has grown way beyong the limits of our land area to feed it, just as the era of cheap food comes to an end. Dear energy means dear food.

(4) We have a rapidly growing ‘economically inactive’ parasitic Muslim population, whose criminality and incestuous breeding habits place an inordinate burden on the police, prison service, NHS etc.

(5) Our manufacturing industry has gone. All that is left is a Golgafrinchan service economy where we “earn a precarious living by taking in each other’s washing”

(6) We are shackled to a corpse. Continental Europe has few energy resources. It is already reliant on Russian gas and oil and most of its coalfields are worked out. As conditions deteriorate, civil war is likely in the more ‘culturally enriched’ areas, which will lead to hordes of fleeing Euro-Muslims moving to any member country suicidal enough to accept them, eg Britain.

The future of Britain lies with the Anglosphere, not with continental Europe. Although they do not have much conventional oil, the US, Canada and Australia have immense coal reserves and Canada has huge ‘unconventional’ oil in the form of the Athabasca tar sands. In addition, none of the Anglosphere countries apart from the UK have a Muslim problem on the scale of that in Europe.

I do fear,as mentioned by Artorius, that this economical downturn may well light the fuse for a bit of fight, not just on european mainland but over here too.It would be a great shame if the minority trouble makers that have kicked up a fuss in most european countries should come to find that our suppressed anger with them becomes massively unsuppressed.

Has oil production already peaked?
http://en.wikipedia.org/wiki/Image:Hubbert_world_2004.png

I’ve said it before on a related article but the amount of money (secured or unsecured) that people are allowed to borrow, is nothing short of scandalous and obscene. When I first bought a house, obtaining a mortgage was a privilege not a right. Near 100% mortgages were rare if unheard of. One of the first questions asked when applying for one, was how much in the way of savings you had. Those were the days when interest rates at 15% were treated with great and deserved respect - as was borrowing. How frighteningly different it is today - or was until recently.

A couple earning a considerable (but possibly shaky) £50,000 a year between them and with little or no savings, would until recently, have had little trouble borrowing £200,000 (or even more) for the house of their dreams - soon for many, to become what financial nightmares are made of.

I’ve done it myself and borrowed cheap money for stupid things that I didn’t really need. After a lifestyle change, the two of us have now got one car but still two loans! The car that I never needed in the first place has gone, sold for £3000 less than what I paid for it. The loan taken out for it however, is still there to be paid off. I don’t have a problem paying it but it demonstrates how £3000 is easily flushed down the toilet when tempted by cheap credit.

There was a well to do woman in her early 40’s on TV the other day who had five homes! However, she did not own any of them but had mortgages on all of them - the one she lived in and the other four buy to bloody let! Her morgage on the house she lived in was £2000 a month and she was desperate for a B of E base rate cut. God only knows what the size of the other mortgages were in total! She was a home grown Brit (I nearly said b**ch then) as well, be it a bloody greedy one of the type that has helped push up prices. She deserves no sympathy and you just knew she was on the way to financial ruin with what is now happening.

Britain has been living (and waging illegal wars) well beyond its means and those who are exposed - including/especially Darling - are about to get a rude and cruel awakening.

Militarycoup,
The nightmare scenario is that the counter-jihad kicks off in continental Europe before it does here. The result would be that millions of displaced jihad-crazed psychopaths would exercise their right as European citizens to move into our once green and pleasant land and then would also exercise their EEC right to vote in our elections.

There are only two ways of protecting ourselves against this onslaught:

(1) Get out of the EEC and establish strict border controls

OR

(2) Ensure that the flow of jihadists is in the right direction, if you know what I mean.

The economic slump is here and we must as a country live within our means.

We MUST remove from Britain all the foreign persons living off the backs of the British Workers.

The millions spend on Lawyer Subsidies (sorry Legal Aid)on appeal after appeal.

Also a fond farewell to all the foreign terrorists or suspected first.

If the Immigration People can’t do it allthemselves the BNP might be able to help.

Artorius

“The result would be that millions of displaced jihad-crazed, inbred psychopaths would exercise their right as European citizens to move into our once green and pleasant land and then would also exercise their EEC right to vote in our elections.”

Unfortunately we are currently being invaded by aliens who originally settled on the Continent. There are hordes of Somalis in Leicester some of whom have come over from Holland. The Dutch and the Danes are well in advance of the UK “government” in recognition of the grievous peril they are in and now said Somalis find it more congenial to live here where they may more freely practice their primitive “religion” apparently. So well done once again British liberal fools and traitors. Needless to say the Somalis are now the fastest multiplying element in Leicester’s enriched diversity. A couple of years ago a leaked MI5 report(Independent newspaper) identified the danger of a “full blown insurgency” from immigrants originating in the Horn of Africa, to which the government has responded by letting even more in. The government is quite simply insane.

‘La Reconquista’

According to the Times/Telegraph today the armed forces are livid about the despatch of the army’s last operational reserve to Kosovo. These troops are to be deployed in assisting the dispossession of the brave Serbs of their historic province, a profoundly immoral cause in a place we have no business sticking our nose in. What price an Islamic Republic of West Yorkshire down the track if the curent folly continues?

But the discontent within the forces is all to the good. They have long been furious over the reality of defence cuts whilst they were expected to fight 2 quite idiotic wars, which criminal stupidity has cost many their lives.

In the following few years we may well be looking at a kind of Ancien Regime collapse in Britain. Already we see a crisis of confidence in and within what passes for government. The British state can no longer command the instinctive loyalty it once did, and why should it, when it has actively pursued the destruction of the nation and the economic means by which the nation must live?

The crisis which is starting to unfold has its roots in the neo-liberal economic house of cards now upon the verge of collapse, and the “philosophy” which underlies it. Like the French Ancien Regime the spendthrift fools are fast running out of money. It is quite likely that they will have to increase taxes and cut spending going into a severe recession. The inevitable result of this will be intensifying protest, industrial action within the public sector of which the police and the prison officers are particular danger points for the liberal traitors. We may well see fuel protests and action on similar lines which dwarfs that of the late Thatcher poll tax riots. Public rage, though perhaps rather ill focused, will be visceral. The government may well undergo a collective nervous breakdown, the Prime Minister does not appear to be the most balanced individual that ever there was. Nor do the Tories offer LibLabCon a get out of jail card, Thatcherism has long since seen to that.

The future will belong to those with the clarity of thinking, the considered analysis, the hardness, the doggedness and the boldness to seize the moment. And that means the BNP.

The bankrupt traitors are now planning to issue “Islamic bonds” by which Brown’s spendthrift and sometimes mad public spending can be financed by the Saudis, Gulf States and so forth.

These bonds in order to be Sharia compliant have to be asset backed. Get this from the Sunday Mail:

“Unlike a conventional bond which is debt-based, a “sukuk” is asset-based. Instead of receiving interest, bond holders receive “rent” on the asset, thereby complying with sharia law.

The Treasury consultation document says Government assets such as “buildings or a piece of infrastructure” would be switched to a “special-purpose vehicle” set up to administer the bond.

This would be carried out by a contract known as an “ijara”.
The asset would then be leased back by the Government, generating rental payments for the Islamic bond holders. ”

So we would be owned pretty much lock, stock and barrel by the Islamics on a formal basis. And this would enable Brown to try and fob off the British people with ridiculous schemes like the Olympic circus, though a pretty rotten circus it is likely to prove to be.

Is this Sharia financing scam the real reason why Williams says that the operation of Sharia law in the UK is inevitable?

Is this the reason why the army’s last operational reserve is to be sent to Kosovo to enable Albanian Muslims to dispossess the brave Serbs?

In years to come will the British army be ordered into West Yorkshire to protect the Islamic Republic there?

I wouldn’t bet against it on current form, only the BNP can stop it and save our nation.

Ianpenrhyndd said…
“Also a fond farewell to all the foreign terrorists or suspected first.”

That would probably include the entire Luton Muslim Community.

Check out the clear incitement to terrorist attacks at their website at http://www.lutonmuslims.co.uk/mowtbest.htm

IN PARTICULAR NOTE POINT NUMBER 7
This is why suicide bombers such as the Luton-based 7/7 vermin are encouraged to kill kuffars by their relatives. The other family members think that having a relative who is a ‘martyr’ gives his nearest and dearest a free ticket to paradise:

“The noblest death - Shahadah

O Muslims! Achieving noble and lofty objectives require enormous sacrifices in proportion. There can be no doubt that the higher an objective is, the greater its sacrifice must be. Therefore, if ones ultimate objective is to please Allah and hope to be granted Paradise, then defending Allah’s religion and protecting His Book and sacred places ranks highest in attempting to attain His pleasure.

Sacrifice comes in many shapes, forms and levels, it can be performed through many different channels, but there is no doubt that the sacrificing of one’s soul for the sake of Allah in order to defeat His enemies and support Islam is the very highest level. This is of course Shahadah, or martyrdom. The Prophet(SAW) exerted maximum effort to instil the magnitude of Shahadah as well as the concept of Jihad deep into the hearts of his companions and his followers who were to come after him. He(SAW) used two methods in order to achieve this objective:

Firstly: By repeatedly declaring his deep love and fervent wish for Shahadah. Abu Hurayrah(RA) narrated that the Prophet(SAW) said: “I swear by the One in Whose Hands my soul is, I wish that I would fight for the sake of Allah (i.e., Jihad ) and get martyred, then return and fight again and get martyred, then return and fight again and get martyred” (Bukhari & Muslim) What a wonderful wish coming from the purest of hearts! This is nothing except a reflection of deep love and overwhelming desire; a desire to attain Shahadah, which is one of the greatest paths to Paradise.

Secondly: By explaining the virtues of Shahadah and the ranks of the martyrs in Paradise as well as descriptions of their bounties blah blah…

Ubada bin Samit (RA) narrates, that the Prophet (SAW) said, “The Shaheed is granted seven gifts from Allah(SWT) -

1. He is forgiven at the first drop of his blood.

2. He sees his status in Jannah (Paradise).

3. He is dressed in the clothes of Iman.

4. He is safe from the punishment of the grave.

5. He will be safe from the great fear of the Day of Judgement.

6. A crown of honour will be placed on his head.

7. He will intercede on behalf of 70 members of his family.

etc etc”

More on why Muslim families rejoice when their male relatives blow themselves up in trains and buses:

“Indeed the martyr has seven special favours from Allah: all his sins are forgiven at the first spurt of his blood, he sees his place in Paradise as his blood is shed (before his soul leaves the body), he tastes the sweetness of Iman, he is married to 72 of the Beautiful Maidens of Paradise, he is protected from the Punishment of the Grave, he is saved from the Great Terror (on The Day of Judgement), there is placed upon his head a crown of honour a jewel of which is better than the whole world and everything in it and he is granted permission to intercede for 70 members of his household (to bring them into Paradise and save them from the Hell Fire).”

from http://www.religioscope.com/info/doc/jihad/azzam_martyrs.htm

Coming back to this issue of “Islamic bonds” what this means is that the government can no longer rely upon issuing gilt edged securities, the traditional method of financing government borrowing. When all is said and done these are just bits of paper (as Northern Wreck found with its commercial paper).

This dire situation has arisen because the economy and the public finances are in such a bad state confidence is fast eroding. Since the present sinister bunch of idiots conned their way into office in 97 the proportion of the National Debt held by foreigners has doubled, which leaves the UK desperately vulnerable to a sudden exodus of foreign capital.

So the government then has the bright idea of pawning its - as in our - assets through this Islamic bond scam, and as I said we become owned lock, stock and barrel by the Saudis and other ME Islamics.

What does the government take from this salutary and humilating position? Does it decide to start to cut its cloth according to its means?

Not exactly. Brown and Miliband and the aptly named Balls decide to give £825 million to India and for bankrupt Britain to become the largest donor to the World Bank.

Has there ever been such a sorry collection of rogues, fools, knaves and outright traitors in our entire history?

The points about islamic finance made above by ‘neversurrender’ are significant, as the current global credit crunch has left the sovereign wealth funds of the oil states in a very powerful position. The Saudi and Qatari SWFs have trillions in spare cash, and have recently been allowed to buy stakes in US banks left shaky by the current crisis.

The nuLabour policies of national self-destruction have been funded not just with crippling levels of personal taxation but with massive borrowing - so our children and grand-children will still be paying for today’s immigrants on welfare.

If our politicians are snuffling around for new cash to fill their troughs it will be to the Saudis, Qataris and such like they will be turning, and we know well enough they will sell-off the future of this country without hesitation or qualm.

Here is this week’s News from the island asylum formerly known as Great Britain.

Jihadist in Iranian parliament declares War on Anglo-Saxon civilisation. States that twenty-nine ’sensitive’ sites have been identified and listed for terror attacks. Spying operations have already been conducted (’Oh look, there’s one! A nuclear power station!) British Muslem ‘community’ websites weigh in with encouragement for budding suicide murderers, offering yet more pseudo-religious drivel by way of justification. Meanwhile in Denmark, a week of extreme violence and wanton destruction goes virtually unreported in the mainstream media. Every day, about a thousand third-worlders - including lots of Muslems, of course - pour in to Britain to reinforce the ‘enrichment’ of a country already teetering on the edge. The example of the takeover of Serbian Kosovo offers great encouragement. The Royal United Services Institute says what everyone knows: Britain has become an ‘easy target’ for terrorists. Says it’s something to do with ‘multiculturalism’ and ‘political correctness’. Oh really?

British Government response to this unholy mix of events:

Imports a further ‘one-off’ twelve hundred Iraqi Muslems and their families, and gives them all free houses etc. etc. etc.
Cuts six hundred jobs at Devonport Naval Dockyards.
Removes ’scores’ of intelligence experts from the Security Services.
Sends the last remaining operational reserve of the British Army to Kosovo, in support of the successful Muslem takeover of the Serbian heartland.
Proposes to inflict further budgetary restraints on the Armed Forces.
Continues to ignore growing public disquiet at the abuse of the country, and even growing anger among its military chiefs.

Possible Explanations for Strange Behaviour of British Government:

1. The country’s rulers are not aware of the dangers to which they are exposing this country and its people, because they are stupid.
2. The country’s rulers are/are not aware of the dangers but cannot let go of their precious Multiculturalism, because they are political dogmatists with their own agenda.
3. They are aware of the dangers but act in exactly the wrong way because they are insane.
4. They do the opposite of what logic and the situation demands, because they are accelerating the deliberate destruction of Britain as a Western secular state and are bringing in as many unwanted immigrants as possible in order to erode national identity and cause massive increases in crime, and the continuing breakdown of civil society. The Defence forces are downgraded at home, and the rest sent abroad, including the last reserves which are charged with enforcing the illegal annexation of part of a sovereign state.
5. See (4) above, and add infiltration to the equation.

Possible Consequences of Strange Behaviour of British Government:

1. Islamic insurrection brought forward. Massive civil unrest; open warfare on streets of Britain.
2. Mutiny in the Armed Forces and a military takeoever of government on behalf of the indigenous population. (’Hooray!’)
3. War with Russia.
4. Opportunist attacks from other groups or states.
5. Any one of hundreds of nightmare scenarios you can think of, that we have been exposed to against our will and without our permission.
6. The intimidation and/or arrest of Nationalists, for ‘inciting racial/religious hatred’, i.e. issuing warnings from the real world.

Have a nice day.

Yours Sincerely,

BNP Card-carrying Neanderthal.

“The intimidation and/or arrest of Nationalists, for ‘inciting racial/religious hatred’, i.e. issuing warnings from the real world.”

I see Lionheart’s applied for political asylum in the US

Lionheart thinks he’s been deserted. He hasn’t, and there are many people keeping an eye on his situation. I daresay this site will say some more about the matter in due course. He is due to be arrested on suspicion of incitement, likely as a result of a complaint or complaints received. I have read a lot on his site, as far as I can see he’s just stating facts, from his own religious perspective. He’s not inciting anything except awareness and resistance.

So we have come to a point where native British citizens feel compelled to seek refuge in the US. Meanwhile, websites such as the one from Luton basically declare war on the country that gives them refuge, following their lead from some lunatic in Tehran. The immediate defensive reaction of this barking government, is to announce that Islamic states will be invited to buy the country, presumably in preparation for destroying it by attacking nuclear power stations. Must be some sort of insurance scam.

Nothing seems to concentrate people’s minds like money. Economic slumps tend to rearrange perspectives across the board, as people open up their eyes and look for radical solutions. Perhaps it will take a serious economic crisis, to move the public to more carefully examine cause and effect. Maybe then, they will en masse realise what’s being done to this country, and who intends to actually do anything about it and who does not. It’s obvious that more and more are realising, things cannot go on as they are - unless we really are intent on National Suicide. There are times of shortage and distress just around the corner; why allow things to be worse than they need be?