Ambrose Evans-Pritchard, The Daily Telegraph
The problem is, that the particular financial system we suffer under at the moment 
(And this even when they have driven millions of women into the tax-paying work force, so that neither parent is available on the home front for long hours, to the detriment of family life, and sometimes threatening its security - see 
Green shoots will not mean healthy roots
Further, the
question assumes that the current financial crisis is cyclical, that we just
have to patiently wait until the system revives, until the next crisis in twenty
or so, years' time. The reality is that the global economic crisis is the
systemic dysfunction of capitalism itself. As Prof. David C. Korten says: 
We are preparing for a follow-up meeting in June, where we
will gather MPs who have been supportive of their constituents. The format will
be the same: public, hopefully with journalists again, in the morning and
private among members who know each other in the afternoon hopefully in Room
14. William Gladstone is the perfect PM and Chancellor of the Exchequer to
follow: In time of peace nothing but dire necessity should induce us to
borrow.
Dear
Friends of the American Monetary
Institute,
A
big part of the problem is that the Congress is tremendously overworked and
pressurized. But mankind may not get another such opportunity. That process is
moving forward advancing now both in support and in understanding of what lies
ahead. You can help us with your continued support.
In addition, the present financial system provides the framework for banks to issue excessive amounts of "credit" (ie, debt), and then cut off the flow, making money suddenly scarce. When this happens, large numbers of borrowers find themselves unable to service, let alone repay, the loans which they took out to buy assets which are now worth less than what they paid for them. Their property must therefore be sold or repossessed; and as previously over-priced assets flood the market, these are mopped up by the wealthy for pennies on the pound, further concentrating collateral into the hands of a privileged few.
As 
"The first step towards the security of the individual is to insist upon the security of the individual. I hope that is not too difficult to understand. If you place the security of any institution before the security of the individual, you may prolong the life of that institution, but you will certainly shorten the lives of a great many individuals. Instituations are a means to an end, and I do not think it is too much to say that the elevation of means into ends, of institutions above humanity, constitutes an unforgiveable sin, in the pragmatic sense that it brings upon itself the most tremendous penalties that life contains."
As a Parliamentary-Undersecretary at the Home Office, for instance, our MP, 
And this in addition to the perks! A cut-price cafeteria, for instance, in the new building in Parliament Street, where our representatives can enjoy pretty good food, plus a glass of wine or two, in pleasant surroundings and at prices which compete favourably with MacDonalds (after which they can even enjoy a smoke, if they wish to, in the Commons bar).
Fortunately, some of them, like 
Tim Shipman and Alex Brummer
A tax timebomb in Labour's Budget will leave families facing a bill of 2,800 a year for the next decade, independent experts said yesterday.
The devastating verdict from the Institute for Fiscal Studies came as Alistair Darling flew to the U.S., leaving colleagues struggling to defend his 'fantasy' proposals.
The IFS warned the state of the public finances was so desperate it will take
23 years for debt to return to the limit set under Gordon Brown's now abandoned
'golden rules'. Whose Money? says:
Read more ...
Whose Money? says:
Why on earth should we be wanting to bring the national debt "under control"? Surely what we should be aiming to do is to phase the national debt out, and start using money that doesn't have to be borrowed into existence instead!
Why believe these figures, in any case? We can be pretty sure that they represent nothing trustworthy, in a world where the truth about the financial system is perpetually hidden or manipulated.
All you need to know is that NONE OF THE PRESENT CONFUSION IS NECESSARY.
The banks our rulers are so amxious to protect are themselves unnecessary.
If the government chose to, it could resolve the situation today by guaranteeing the deposits of ordinary people and letting failed banks go under. It would then be possible to initiate an era of publicly-created, debt-free money, with maximum home production for the home market.
David Icke
We have had a Budget this week in Britain, the day when the guy officially
in charge of the nations finances, emphasis on officially, reveals as little
as he can get away with and tells us what he intends to do about it.
It
was a classic of its kind and made some unwelcome history to boot. These two
facts are fundamentally related in that the history came with the announcement
by the Chancellor of the Exchequer, Alistair Darling, that he intends to trigger
a record UK government debt; the classic bit was his prediction that an economic
recovery would begin at the end of 2009.
In the United States, Barack
Obama, songster for the Wall Street cabal, has talked of hopeful signs that
the economy is improving. Its all a con. They are having you on.
I have
been saying since October/November that the engineered economic collapse is
planned to have three major phases: (1) To crash the economy (done); (2) To have
governments borrow extraordinary amounts of money from the very banking and
financial cartel that the same money is being spent to bail out (being
done); (3) To crash the economy still further when government options are
exhausted and leave them with no way of responding (waiting to be done).
Then they step forward to 'save us' with a globally centralised banking
dictatorship based on a World Central Bank.
Read it at:
http://www.davidicke.com/content/blogcategory/30/48/
Whose Money? says:
People laughed at David Icke ... but (forget the lizards, if you like) he's proved far more accurate in predicting the course of events in the UK than "respectable" commentators.
We reckon the outcome of a one-world dictatorship of finance which he foresees is only too likely ... unless we start issuing our own local currencies and growing our own local economies, as the money supply (ie, bank-created debt) dries up.
If the government refuses to provide us with a debt-free national currency, so that we can put our skills and initiative to work, then we must create our own alternatives.
At a time when the premium bonds have halved their lowest cash prize (the
only one most people are likely to get) to 25. and National Savings (or NS&I as they now prefer to call themselves, obliterating any obvious connection with the
nation) offer interest rates lagging way behind real inflation, this is gross
profiteering.
the red, you're
playing the banks' game.
Richard Cook, Global Research
Whose Money? says:
Because this is so very important for
all of humanity to know about, I strategically want you and everyone else on our
planet to absolutely know that they are not the only ones receiving this
information. The bottom-line is that I want to inform people in so many
different categories in every nation & territory in the world, such as, for
example: citizens of every nation & territory; the media; the
leaders & governments of each nation & territory; U.N. organizations;
city, state & local politicians; high schools, colleges & universities;
student groups; environmental & social justice movements; foundations;
non-profit organizations; small & large businesses; labor unions; scholars
& experts; think tanks; notable people in every field of human activity;
religious congregations & organizations of all faiths; bloggers on the
internet; television & radio stations; and so many more.
Martin D Weiss, Money and Markets
Whose Money? says: 
Stephen Lendman, Global Research
"Conditions are now right for another radical
rethink. The old model is busted. The big beasts of free-market economics,
Britain and America, are more wounded" than most - among developed nations,
that is ...
Take a look at their website, here:
ENFORCEMENT OF BANK OF
ENGLAND ACT 1694
Ellen Brown, Global Research
across the
economy
Interview with William K Black on Bill Moyers
Journal
Tim Shipman, The Daily Mail
The Daily Mail
on the edge'
... The banks
have a stranglehold on the political process. Many of their foot soldiers now
occupy the highest offices in government. It's up to people like Elizabeth
Warren to draw attention to the silent coup that has taken place and do whatever
needs to be done to purge the moneylenders from the seat of power and restore
representative government. It's a tall order and time is running
out.
Here she sets forth the options available for
defusing the ticking bomb of lurking mortgage-backed insecurities with exemplary
clarity. 
Ballad of Timothy Geithner
Adrian Pearson, The Newcastle Journal
Have you read 
greatly exaggerated 
On the other hand, the winning predator in the bank-eats-bank contest is
taking legal measures to silence a persistent critic: 
The bank has instructed Wall Street law firm Chadbourne & Parke to pursue
blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may
face legal action if he does not close down his website. 
We agree with the article below: it's time to clear away the rubble and
rebuild the productive foundations of the economy, with money consigned to its
proper place, as a useful means of ensuring the efficient exchange and
distribution of goods and services.
Britain has a strange attitude towards manufacturing. We pride ourselves on
great inventions past, voting Brunel the second greatest Britain after
Churchill. We flock to watch Top Gear, a programme that celebrates
brilliant engineering. Yet we have lost our appetite for inventing: we imagine
factories to be Dickensian workhouses that repair rather than create, and file
fewer patents per head of population than Finland or New Zealand. We look at
manufacturing through rose-tinted welder's goggles: an industry of brilliant
achievement, but one that belongs to the past, not the future.
top, not the bottom
Good governance and the rule of law are
the cornerstones of democracy and the glue of our fragile social contract.
Britain will eventually emerge from financial chaos, but the legacy of recession
may be a shattered nation, broken not as David Cameron suggests by those at
the bottom of society, but by those at its apex. 
you may have forgotten a more subtle form of
slavery from which Lincoln freed his countrymen, even if you were there at the
time. You may have forgotten it because it has been omitted from the history
books, leaving Americans ill-equipped to interpret the lessons of our own past.
This letter is therefore meant to remind you.
We've been wondering, for instance, what will happen to all the new retail
sites in Newcastle, as businesses close or contract. The best to be hoped for
is that established national chains take them up, or relocate to them ...
leaving their previous stores empty, and closing down the less profitable outlets in smaller towns - as we have seen already in Whitley Bay, with the hasty departure of Marks and Spencer's.
William Engdahl, interviewed by The Real News
Network
Mike Robinson, UK Column
claims Gordon Brown
Dr Eric Toussaint and Damien Millet
Suzy Jagger, The Times
Word
gets around and as a result increasing numbers of customers flood into Heidi's
bar. Taking advantage of her customers' freedom from immediate payment
constraints, Heidi increases her prices for wine and beer, the
However, they cannot pay back the debts. Heidi cannot fulfil
her loan obligations and claims bankruptcy. DRINKBOND and ALKBOND drop in price
by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80
%.
Armageddon by 2012
Certainly there are enough people experimenting with new
ideas ... 
It seems to us pointless to read the speculations of
economists who are unable to think outside the box of orthodox, debt-based
finance, and whose "expertise" has succeeded only in bringing us one bubble after another. These people are not interested in the widespread ownership of private property and productive capitalism. They are interested only in the narrow finanical capitalism which concentrates real wealth into the hands of the few, while pauperising millions. 
We certainly haven't seen any drop in prices when shopping for food, or when
the bills come in. The council-tax and water-rate demands which have just come
in, for instance, are well up on last year's.
... The solution is not to restart huge
amounts of bank lending in order to create new bubbles. Unfortunately the Obama
budget is an attempt to create such a bubble based on Treasury securities. But
this bubble too will likely collapse, because there is no economic engine on the
horizon strong enough to pay the debt that will be used to inflate it. The next
collapse could even lead to a world war if China and other creditor nations,
possibly including those of Europe, decide to enforce their clais against
us.
Larry Elliott, The Observer
economists warn
failed to assess risks
Why is he not being urged to seize it by the mainstream media?
For an explanation of seigniorage, see 
Mr. Bernanke asked what people should do if an irresponsible
smoker let his bed catch fire so that the house burned down. Should the neighbor
say, 
A former Woolworths manager has defied the recession by reopening the store
she worked at in Dorset under the name Wellworths. 
Pritchard 
The liability is primarily in the poor defenses.
Edmund Conway, The Daily Telegraph
Until we get out of the EU, renegotiate international treaties with a view to
re-establishing our country's sovereignty, and scrap bank debt in favour of
national credit (ie, debt-free money issued by an accountable,
non-party-political public authority), there is no hope of reviving the nation's
industry and agriculture.
Dave Lindorff, Counterpunch
A lecture by Professor Anton Allahar
Larry Elliott, The Observer
The Bank of England may have averted a catastrophe. If ever there was a
time when this country needed its own monetary authorities acting with wartime
urgency this is the moment. 
KREMS, AUSTRIA: Obsessed as we are about our own
crumbling economy, its hard for most Americans to see and appreciate the global
nature of the crisis and how it is impacting and will impact others throughout
the world. We dont recognize how many in other countries blame the fall of
their own economies on a kind of financial aids born in the USA.
Here in Whitley Bay, shops continue to close: and not
just casualties among recent, comparatively untried ventures, or even national
chains like 
Nor do we see any significant drop in the cost of
life's necessities, despite a fall in wholesale prices; so not much hope in sight for those living on fixed
incomes.
"There are thirteen families which effectively control the banks of the hard
currency countries of the world. The hard currency countries are those whose
currency is not allowed to fluctuate as much as the other countries' currency
fluctuates. These thirteen families have the control of the policy-making and
decision-making ot the central banks of those countries. They all practise
fractional reserve banking."
This excerpt from 
here and there shakily revolved or a pulley
gave a groan or two; it was a factory that could now show you nothing but broken
windows and litter and mouldering ledgers, and a mumbling caretaker, it was
nothing but an old cash-box containing only dust and cobwenbs, and a few
forgotten pence. 
A million workers from outside the EU have taken jobs in Britain since Labour
came to power, according to official analysis. 
Is it seriously credible that the global mass migrations we're currently
experiencing are the result of hundreds of thousands of ordinary people actually
wanting to leave their homes and families and all that
is familiar, to go and work in some distant country among an increasingly angry and resentful
populace? 
These mass migrations are occurring because those who control the global
financial system (see yesterday's link to the lecture by 
It's no use fiddling around with a
materially, intellectually and morally bankrupt financial system. Humpty Dumpty
can't be put back together again.
Whose Money? says: 
Here is a proposal which concentrates on that factor of the National Debt
which increases from year to year because of the need to pay interest. 
70
The Guilty ...
Glen Allport, Strike the Root
The problem, in our present debt-and-growth-dependent economy
is that when 
Japan's exports plunged 45.7% in January compared
with a year ago to hit the lowest figure in 10 years, official figures have
shown. 
As for the idea of a 
shout patriotic slogans. At what point does instruction in citizenship
blend into propaganda?
Unless our rulers
address these questions constructively, instead of running round and round in
the old, disproved frame of reference, like mice in a wheel, more and more
people and businesses will be ruined, and anger will grow.
However angry you feel remember the
warning from the UK Column: YES! to lawful rebellion; NO! to rioting and violence - there are better ways to reject the imposition of what is essentially a corrupt
and unlawful rgime.
Comments on the government go-ahead to
issue new mortgages to Northern Rock, from the House Price Crash
website.
Ireland
Green shoots in the property market?
(the number it
axed)
The 
public transport, but
handy for council employees who drive to work and park on the ample lot provided
outside their expensive new 
Hey, how about a "past-the-sell-by-date" grocery store in Whitley Road, to
cater for growing numbers of unemployed? Or a charitable soup kitchen?
... Does Mr.
Kelley really think the government will step back after nationalizing the
banks? He seems to think the government is of the people, by the people, for
the people, as Lincoln put it, when it fact it is of the banks, by the banks,
and for the banks.
The powers of financial capitalism had another far reaching aim, nothing
less than to create a world system of financial control in private hands able to
dominate the political system of each country and the economy of the world as a
whole. This system was to be controlled in a feudalist fashion by the central
banks of the world acting in concert, by secret agreements, arrived at in
frequent private meetings and conferences.
