£161mn sterling in Bank Bonus Payments

The Bankers price for Propping up UK Plc and Whitehall? Part I

It’s a Pinch really, if you look at things from the government’s point of view. All they need to do is wait for HM Customs and Revenue to collect it, hand it over. Then they sit back and distribute as they think, to raise the prospects of clinging on to the levers of power for another four or five years. Depending of course on when they think they can pitch a winner.

  But why this witch hunt, the Bankers are doing no more than the law permits, merely extracting their pound of flesh for operating their infamous Fractional Reserve Banking (FRB). The means by which they produce money out of thin air. It’s no more than a figure on a balance sheet, with an interest bearing debt liability, collateralised by a borrower’s assets. Effectively they’re converting an individual’s properties to interest bearing debt, they can sell on to the highest bidder, before the roundabout comes full circle.

  Presumably it was borrowing by government to promote their own particular political agenda that accumulated this mountain of debt we now have liability for. They did it in our name fer chrissakes! But in the end, it brought about their downfall, as the commitment became unsustainable from income and they had to resort to more borrowing to prop up their faltering political aims.

  It’s funny how things work out and it’s amazing how true the aphorism that: ‘Things work out the way they’re supposed to’, turns out to be a truism of immense perspicacity. I recall it from a film I watched many years ago and reflected on it from time to time, when things didn’t go quite the way I planned.

  But hey presto along comes an altogether unexpected event or happening that changes everything and things are not quite as black as you thought they were. But in truth this is not a mountain of debt just a mountain of interest that may or may not be collectible. So it gets written off, as in the case of Greece. But in effect this destroys credit and forever the politicians are bleating we need more lending. Why? Because only through this lending and (FRB) can the money be raised to sustain them in power  

Watch this space, I’ll be back! So lookout for Part II

Tom.