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What is the issue

What is the issue

Author: Tomas Yoko
Date: 2016-07-22
A speech by Godfrey Bloom to the European Parliament in Strasbourg in May of 2013 goes like this. "Commissioner, Mr. President, I rise again, I'm afraid, to make the same old hoary speech that I have been making here for several years. That is: it is my opinion that you do not really understand the concept of banking. All the banks are broke. Bank Santander, Deutsche Bank, Royal Bank of Scotland, they're all broke.

And why are they broke? It isn't an act of God. It isn't some sort of tsunami. They're broke because we have a system called fractional reserve banking. Which means that banks can loan money that they don't actually have. It's a criminal scandal and it has been going on for too long. To add to that problem, you have moral hazard, a very significant moral hazard from the political sphere. Most of the problem starts in Politics and central banks, which are part of the same political system.

We have counterfeiting, sometimes called "quantitative easing", but counterfeiting by any other name. The artificial printing of money, which if any ordinary person did they'd go to prison for a very long time. And yet governments and central banks do it all the time. Central banks repress the interest rates so we don't have the real cost of money. And yet we blame the retail banks for manipulating the Libor. The sheer effrontery of this is quite astonishing.

It's central banks! It's central banks that manipulate the interest rates. And plus underneath all this, we talk loosely at a rather cavalier fashion, do we not?, about deposit guarantee. So when banks go broke through their own incompetence and chicanery, the taxpayer picks up the tab! It's theft from the taxpayer! And until we start sending bankers, and I include central bankers, and politicians to prison for this outrage, it will continue!"

That was over three years ago. Another great government modus operandi is to manufacture a threat or 'problem', like 9/11, and then present the solution to the people. These days the solution normally entails the public sacrificing their civil liberties and rights, slowly, one small right at a time, like the boiled frog principle, until we wake up one day and find we are completely enslaved by the very people we voted to set us free. Turkey and its coup could be one such example, with Wikileaks coming under attack in an effort to stop their release of thousands of emails and letters illustrating the recent coup.

Oh, I mentioned voting. The municipal elections are looming and almost upon us and we can learn a little from the American electoral process that is unfolding in front of our eyes with plagiarised speeches and grand showmanship. Elections are such fun, and we get to see the real colours of the people we are giving power over us. I say this as if we have an effect on the system. LOL.

So the latest political murder brings the number of ANC candidates to five, murdered for political gain. Six is the number of journalists fired by the SABC for speaking out against Hlaudi's orders. This election is really taking its toll. Let me not mention the number of farm murders again, I might just be accused of harping on