The banks are a criminal cartel. They relied on the consolidation of the single market to run their fiat fractional reserve central banking ponzi scam under the Europe wide protectionism of the EU. The ability to cut out negotiations with 28 separate nations states, each with their own GDP, market strengths and cultural biases by going above them to a Supra-national governing state, run by unelected ex-bankers and career politicians who’s pockets were lined with brown envelopes, was the fundamental reasoning behind the EU, and indeed the European Economic Council that preceded it. The interdependence of corrupt financial mechanisms this market encouraged, for example, the re branding of toxic debt packages as triple A and selling them on to other entities who were well aware of the toxicity of the debt on a global scale. This led to the notion that these banks were ‘Too big to fail”, because to expose the corruption in one would be to expose the corruption at the heart of all of them. This is why the most explosive financial scandal the world has ever seen, the LIBOR scandal, was quietly buried in the mainstream media.
When seen in the cold light of day, the logic of allowing multiple institutions who’s trade puts them in a position of great inherent power to merge into still more powerful institutions and then create a superstate governed by their own special interest representatives, can be seen as not even close to being logical in the slightest. It is obvious to even the most idiotic individual that to consolidate all that power in one place is to create a system that is ripe to be taken over by sociopaths, the power hungry, the corrupt. It is the equivalent of cocking a gun, leaving it on the floor and hoping the next person to pick it up doesn’t benefit from shooting you.
But Brexit was never about sound political philosophy, it was about fear on both sides of the offiical, sanitized, scandalized public debate and now that the referendum is over and the decision has been made, the Banksters are using their control over the mainstream to project the idea that the collapse of failing banks is a terrible thing that must be avoided at all costs, and that British people should now feel ashamed and responsible that these ailing and failing institutions are going to ‘have to’ move overseas or face not being able to pay their executives exorbitant salaries and bonuses for the job of laundering war chests, rigging the markets and cleaning a staggering amount of dirty money, so much so that the ‘City of London’ has now become the criminal banking center of the world
So lets address this directly. The man who is projected to win the next election is in favour of breaking up the Big four and has advocated jailing the people responsible for manipulating the market into a crash in 2008 and making off with trillions in phony ‘bailouts’. When the global financial crash happened, the British government had a choice. Either they print trillions of pounds and use that to guarantee the deposits of the banks customers as the banks failed and their criminality was exposed. If they had printed that money, guaranteed those deposits and given the public back their savings, those customers would then choose new banks to invest their money in, or not depending on their preference, it wouldn’t matter because that would have started the recovery immediately. The public would have instantly started spending and moving that money around the economy as a whole. The criminals would no longer hold their positions of power and would no longer be writing the laws and whilst it would still have been a tough recovery, be under no illusions we would still have a long way to go to begin addressing all of the flaws and loopholes purposely written into our banking legislation, it would have nipped the problem immediately in the bud and created the conditions by which a new market could arise and replace the old one. Failing business models, or models which are systematically set up to fail due to to funneling all capital to the top need to fail and be replaced by businesses that have found ways to ethically meet the needs of their market.
What the government chose to do instead, was to print trillions of pounds and hand it directly over to the failing banks in order for them to guarantee their deposits and re-liquidate. Of course, this relied on government asking those career criminals in business suits politely if they wouldn’t mind using some of that money to stabilize the national economy and predictably, instead of doing this, the banks used that money to prop up their criminal stock market casino for a few more years and continue paying their executives those exorbitant salaries and bonuses. They loaned some of it back into their multi-national corporate fronts and funneled it off to offshore markets, they even used some of it to continue having coked-up hooker parties with the very regulators who were supposed to be investigating their behavior. It wasn’t just us, the reaction to the Global banking crisis was for the most part a unilateral move by the World Bank, the IMF and the European Central bank, who’s vested interests and facilitation of the corruption that caused the crisis in the first place needed to be downplayed, but who’s multi-national control of central banking saw every major western nation react the same way, with a few notable exceptions where Nations were not a part of the single market and could opt to act differently.
Put simply, the crash was the result of a scam, and when the system was inevitably exposed and fell, we handed the recovery money and the responsibility for clearing up the mess to the exact same people and corporate institutions who caused it, and they did exactly what one would expect them to do, and used the money to continue the scam.
Now as long as we continue to be a part of the EU and the single market, there is absolutely no way to detach ourselves from the re-inflation of that system or change our economic policy to a degree that would negate any damage. We have absolute proof of this in the way that Greece was treat when it tried to do just that. Again, hate the conservatives all you want, but the austerity model they followed was an EU model through and through. The EU showed it had absolutely no qualms about imposing such measures on an entire nation should they seek to stray from out of lockstep. So now that we have given ourselves a mechanism by which we CAN remove ourselves from that system, the criminal banking cartel is facing, for the first time in 50 years, the very serious possibility that we could elect a man who has spoken openly about breaking up their monopoly and ailing their criminal element. When this is put together with the fact that leaving the single market and leaving the EU’s legislative and judicial autocracy creates the conditions by which someone elected on this platform would actually be able to write new legislation to close loopholes and outlaw criminal banking activity, it can be clearly seen that these circumstances present the most clear and present danger to the international financiers and banksters and the monopolistic scam of fractional reserve printing, market rigging, fiat currency and speculative bullshit that has created the widest wealth gap the western world has ever seen.
These corporate behemoths want the status-quo to remain because not only does it mean they can continue their crime, but to change it would mean possible jail time for some of the wealthiest people on the planet. This is why they are using the same neoliberal media they bought up years ago, Reuters, the AP and the mainstream shitrags on both sides of the British press, to continue to fear-monger about the ‘financial apocalypse’. How everything will fall apart unless everything stays exactly as it is and we continue to accept the financial, political and social effect of Austerity. We must not question the ‘recovery’ of our economy or question whether the economic model we use to move forward is inherently flawed or worse, purposely rigged to fail for the benefit of tiny clique of organized corporate criminals.
The painful truth is, the vast majority of the general public are economically illiterate, not stupid, not deficient in mathematics, but ignorant to the depth and complexity of the fiscal models that govern their economy and thus, govern everything from the price of food to the amount of jobs available and what the mean wage is, and therefore standard of living, will be. Into this black hole of general ignorance have stepped the masters of fiscal gymnastics who have turned the entire economy into a ponzi scheme, using all kinds of impressive looking theoretical models to hide the subtle siphoning of 90+% of the worlds wealth into a tiny number of hands. These people are now using their neo-liberal press fronts to once again, engineer consent for their system by using the uncertainty we face in detaching ourselves from it to frighten the economically illiterate back towards the single market and ultimately, back into the EU.