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Creating Wealth: How Banks Produce Money Out Of Thin Air
Politicians talk about encouraging entrepreneurs to create wealth,provide jobs and revitalise zombie economies. But entrepreneurs do not create wealh, they move money and goods around. Only the banks and the finance industry can create the wealth that drives the economy. Bankers do this by using asset values as collateral for loans. Learn how the system works and how it failed ....
Bankers And Entrepreneurs Creating Wealth By Pulling Money Out Of Thin Air
by John de Roe & Ian R Thorpe
2009-12-16
CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS: economy, crisis, finance, money, wealth, debt, interest, currency, entrepreneur, inflation, gold, markets, government, politics, politicians, asset, value, bank, nations

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How To Create Wealth By Plucking Money Out Of Thin Air

Politicians have had a long running love affair with "entrepreneurs.", when seeking power campaigning politicians talk of supporting entrepreneurs who create wealth and jobs, once in power they court successful entrepreneurs hoping to raise funds for future campaigns and to cast themselves as successful. The politicos cling to a delusional belief that entrepreneurs, fabled creatures that they are, create the wealth and jobs that will spread prosperity and happiness among the electorate.

When Margaret Thatcher, the founder of this cult of entrepreneur worship, spoke of entrepreneurs, her eyes would take on a glazed look and he face the beatific expression of somebody who has just had a spontaneous orgasm.

Throughout the New Labour years in the UK, the "people's" party (so long as those people were lawyers, academics or were stinking rich) sucked up to entrepreneurs even more than their conservative predecessors had. Business adventurers were talked of in the reverential terms normally used when evangelical Christians discuss Jesus. Our present government, the coalition of Conservatives and Liberal Democrats government is sitting around, waiting with bated breath for entrepreneurs in shining armour to ride by on their white horses and magically restore growth to the economy. But there are no signs that a great boom in business activity is on its way.

The problem is politicians are not really very bright. I have always been honest enough to admit I was a lazy and disinterested student and French, as taught in English schools never engaged me. Even so I know that an entrepreneur enters and takes, they are opportunists, quick buck merchants, nothing more.

The idea politicians and the media are so fond of then, that Entrepreneurs create wealth is a fallacy, as much a fallacy as the other crackpot idea that has been foisted on the public in developed nations, that advances in science are always beneficial to humanity. Science does not solve problems, it creates them, (but that is dealt with in another article) and entrepreneurs do not create wealth, they collect it. It is more correct to say Banks create wealth, but really they only facilitate the creation of wealth. True wealth can only be created by the great mass of people in a society. Still, if you have wanted to know why politicians are so powerless to control the bankers, the answer is relatively simple. Banks have a monopoly on the creation of money.

Be careful not to misunderstand. Do not confuse creation of money with the stuff governments do, minting coins, printing bank notes and selling bonds to investors. That is not creating money, it is only revaluing the money in circulation. And don't write off the entrepreneurs, as businessmen have been wrongly dubbed. Bankers need business to do the vulgar stuff, the growing and harvesting, mining and smelting, metal bashing, chemical mixing, shipping, building and all the activities we describe as trade and commerce. It is trade that links the surreal world of banking to the real economy of bread and potatoes, bricks and mortar, shirts and SUVs. Bankers could sit in front of their trading screens creating electronic money all day and all night if they wished and they do wish. It is exactly what they did during the last "boom". But without a solid outlet into transactional reality (such as an sack of grain or potatoes, a machine or a garment, or the existence of a real asset, a building or even an unreal asset such as a certificate proving ownership of bonds, stocks or shares, their electronic money is worthless, just figures on a screen, no more meaningful than if you or typed a manuscript declared it worth ten million dollars and said: "Hey I'm rich"

To make it real money, like Tinkerbell needs people to believe in it. Similarly banks need depositors to put the surplus tokens they have earned for their time, effort, skills or produce to establish a pool of assets from which to lend and a pool of borrowers who believe in the real worth of the banks pool of assets.

Now that is basically how the banking system worked from the beginning of civilization until the late twentieth century. So where did it all go wrong?

What happened was that an era of growth that had spanned three thousand years because it was fuelled by increasing population came to an end. The way that growth economy had been sustained was there were more people thus more work was needed to feed them, build houses and provide those things that make life good. More work meant more wages and more good produced. This meant more assets to underwrite the value of the money banks created.

There is an idea, another fallacy, that there once was a bit of gold to back up every bronze coin, every bill of currency, token, negotiable item, ledger entry and bead on a usurer's abacus. There never was. The bulk of money was always money owed. There was only ever a token amount of gold, which is how we came to be able to borrow using property deeds, bonds, or valuable artefacts as collateral.

The banks always knew this of course just as priests (apart from American evangelicals) always knew God did not exist in any physical, tangible sense.

The reason the banks became so cavalier about ordinary customers and their savings, and even ordinary business people and their modest profits. Was that the era of population driven growth came to an end. Science and technology got so good at public relations they managed to convince bankers and politicians and business owners that machines could do most jobs more efficiently and cheaply than people. It was stated above that politicians are not very bright. Business people aren't either, they did not realise that their need of the proletariat was twofold. They needed people to work on their land or in their factories and offices but saw and were willing to grab onto the promised benefits of employing machines that do not talk back, take sick leave, demand pay rises or go on strike. Unfortunately they did not think things through properly, they forgot that they needed that great mass of people to buy their goods and services too.

As unemployment rose, partly because the population continued to grow as people continued to do what comes naturally and even did it more often because they had more free time, governments faced bigger bills for unemployment benefits, it being unacceptable in civilized societies to let people starve. In an attempt to solve rising unemployment the governments took to appointing armies of tax eaters to administer the unemployment, administer pollution, administer health, education, transport, industry, food, you name it the government administered it. And all this administration cost money. The difference between what governments took in through taxes, duties and fees and what they spent on administering things became known as the "structural deficit" and by the time of the financial crash in 2008 it ran into billions of dollars, pounds, Euros and whatever every month.

The banks were not interested in borrowers who wanted a few thousand for a new car or a conservatory, they craved borrowers who needed shitloads on money on a regular basis because they had invented an accounting trick that turned money loaned out from a debt outstanding into an asset which they could add to their pool and use to attract lots more money. That was the only link the money they created had to actual stuff that has actual worth, such as solid investments, belongings that hold or increase their value, labour and skills. The marriage of notional assets and structural deficits was made in heaven.

Banks lent money that did no exist, underwritten by assets the value of which was inflated to surreal levels, to governments that had reached the stage of having to borrow money every month simply to pay the interest on the money they already owed.

Meanwhile real business was struggling. Entrepreneurs create not wealth, but new paths around which money moves. Thus money can be distributed through a long chain of people, preferably nice and fast, picking up more value as it travels through. Essentially, it's like money laundering, except that instead of turning illegal cash into legal cash, the money-circuit turns abstract cash into real money, then delivers it back to the banks. Starved of the loan needed to finance new ventures, the entrepreneurs and businessmen retrenched and made ready to ride out the financial storms that were yet to come.

Clearly then there are two kinds of money, real money which is underwritten by objects that have worth, for which people will trade the products of their labour or more often in this era, their time and practical or intellectual skills. The real money we talk of then is simply a system of tokens designed to make it easier to exchange goods and services and enable people to build a reserve from their surplus in good times to help see them through the lean times.

Then there is 'fiat money' to use the technical term of the finance markets. This is manufactured money, created by putting a false value on objects and pretending that is their worth, the price people would be prepared to pay for them in the real world. How does that work? I have a piece of software developed a long time ago that would at a stroke nullify all internet threats, rid us of the nuisance of viruses, Trojans, browser hijackers, key loggers and all the other web shite, making the internet for browsing and business and freeing computers from the CPU and memory hogging processes that force us to buy a new PC every year. I say it is worth a billion dollars so I'm a billionaire. I could say ten billion but I'm not greedy.

So why have I not sold this brilliant program or formed a company to market it?

Quite simply because it addresses the basic flaw in the IBM Intel Microsoft motherboard architecture PC that has made each succeeding generation of these wretched machines more unfit for purpose than the last. So my security technique would render every PC on the market obsolete. Thus I will continue to be asset rich, cashflow comfortable so long as I live quite modestly. But the method of creating wealth I describe is exactly how the banks made money.

By selling mortgages secured on the property to high risk customers and then using financial sleight of hand to convert monies owed to securitized assets then bundling those assets into packages of collateralized debt obligations that could be traded in the markets they produced money that only existed as numbers in a spreadsheet's data out of things that had no value in the real world. But that money boosted their balance sheets sufficiently to make people believe perpetual economic growth was a sustainable goal. And because people believed in the sustainable bubble the banks were able to lend imaginary money along with the real money until nobody knew which was which.

One way or another however, the real money tends to end up in the banks bottomless pockets along with the imaginary money. There are lots of banks, in lots of countries, able to create wealth as long as they have borrowers, all of whose debts are counted as assets ( see above ). Even though the banks appear compete with each other for business, they are actually working together, because their monopoly on money creation makes them an international cartel.

The financial products or "investment vehicles" that created the banking crisis of 2008 were specifically designed to take the smallest possible amount of value in the real world and transform it into the largest amount of value possible in the bank world. They allowed the abstract values held by banks to become so distantly from real-world values, that no one within the cartel had the least idea what relationship the debt-assets of individual banks, even their own, had to real income, revenue and profits.

The banks are still doing plenty of business business. But they know that a lot of things, such as houses, say, have the vast value that accrued to them in recent years only because they made it happen. The abstract wealth, the spreadsheet money of banks escaped into the real world, upsetting the balance of their game, and now the bankers have no more idea than you and I about what's real and what's not.

In the real world actually actuality should be easily distinguishable from virtual reality and there should be no such problems. People deal with real money all the time and know that a house is worth what the highest bidder is willing to pay for it and a car or a loaf of bread are worth what the market will stand. If we think a thing is too expensive all we need do is decline to buy it. When most people agree, the price will fall, if most people do not agree we must decide to revise our opinion or do without. "Simples," as Aleksandr the Meerkat says.

Most of us however rely on entrepreneurs, or at least on business people, to steer the stuff we need or want towards us so that we can trade for it in exchange for tokens that represent things we produce or our labour or skills. But as well as buying stuff we want or need we are also charged for the privilege of taking part in the process of making abstract money real. That's tax.

What do governments spend our tax money on? The official line is that revenue from taxes is spent on just one thing, ensuring that our potential for taking part in money-go-round is maximized, by educating us, keeping us healthy, managing civic structures, providing some civilized amenities as incentives to make us feel that life is worthwhile and enriching for its own sake, and generally maintaining civil order so we can get out to work and play in order to earn and spend our small portion and be part of the process of giving the abstract wealth of the banks a place to go, so that it can rumble along collecting real and phoney value, like a avalanche collects snow. In that respect, government spending is itself an investment in banking.

Tax is also used to provide subsistence for those who for some reason or another are unable to extract cash from the money-circuits that are the sole creators of wealth. This category of people includes the old, sick, mentally and physically disabled and the children who we hope will one day take their place in the system. It also includes the idle, the terminally stupid, political rebels, arseholes, dickheads, wankers, wasters, drunks and drug addicts (did you know that alcohol and drug addiction are not recognised as disabilities) and the deadlegs.

The presence of many of these categories on the list of people who are excused work and qualify for the taxpayers largesse naturally creates some resentment, not only from the people closest to the pinnacle of the system but also people close to the bottom who work bloody hard for little reward only to find some idle, drunken, dysfunctional loser actually has a better standard of living than they do simply through having spent time studying techniques for playing the system. So the deserving poor, the low paid workers, have to have their income raised in recognition of the good work they do. Then the rich want more money to preserve their status. Then because raising the income of the bosses, investors and workers leads to price inflation the underclass, bottom feeders, have to get more money to preserve the illusion of fairness and inclusiveness. And they all depend on the banks ability to create more money.

Even the entrepreneurs are dependent on banks, contrary to what the government seems to think (although with a really successful entrepreneur the relationship becomes symbiotic). Upset the banks, and everything gets upset.

The banks seem untouchable, because they are. No matter how many weasel words are read from an autocue by Barack Hussein Obama or spoken from the heart by Manoman Singh or off the top of the head by David Cameron about reigning in the banks and imposing tougher regulation, the bankers are holding all the aces. Ironically, the current weakness of the banks makes them untouchable, just as in the past they were protected by their strength. The banks are sick, their corporate bodies corrupted by the lax regulation and easy money of recent decades. But all we can do nothing except wait, hoping that sooner rather than later they come to the realisation that to save themselves they must save everyone, not just their investors and bond holders.

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After the usual empty promises made at the annual conferences of the three main political parties - all three party leaders swore that only their party can save the National Heath Service (NHS) eternally a key isue in UK politics, we decided it was time our we too a close look at why NHS finances are always in a mess. We assigned the task to our team of old gits with a vast store of business experience behind them and no fears of suffering career damage as the Politically Correct Thought Police exact retribution for the crime of being 'off message'.

The Immigration Problem
The politicians may run a mile when the topic is mentioned, the Islington Screechers and medi luvvies may cover their ears and go la-la-la-la whenever the topic comes up but there is no denying immigration is the big issue in Britain today. Labour's open doors immigration policy was a disaster, the coalition have failed to address it for fear of upsetting the politically correct thought police. Is it any wonder UKIP, the only party that will talk about immigration, is doing so well?

The Ongoing Propaganda War Behind GMOs Exposed
The United States has been paying farmers for over two decades to NOT produce food, yet biotech would have us believe that genetically modified organisms are necessary to feed the world. This is but one of the many lies they have perpetrated, all the while hiding the real truth behind GM crops. Genetically modified organisms and the chemicals which support their growth are just an outcropping of the military industrial complex and the war industry.

Emirates Airways CEO Thinks He Knows What Happened to Flight MH370
We can sometimes keep news stories running for several months by pointing out the sheer irrationality of those who scream 'conspiracy theory' and demand that we all believe the government / mainstream media version. One of the two biggest stories in 2014 was the complete disappearance of Malaysia Airlines flight MH370 on a routine flight from Kuala Lumpur to Beijing. Seven months later not a trace of the Boeing 777 aircraft or any of its passengers has been located. As the official explanations grow increasingly more ludicrous ...

MH-17 Report False Flag Exposed After Revelation Passenger Was Wearing Oxygen Mask

When exactly a month ago the supposedly objective, impartial Netherlands released its official, 34-page preliminary report of the MH-17 crash over Ukraine, presumably based on black box data, air traffic control records, and other “authentic, verified” information, there were precisely zero mentions of “oxygen“, “mask” or “oxygen mask.”

Things That Make You Boggle ... Like The Misplaced Confidence Of Academics
Why are economics academics always so sure that their predictions are correct. Given the abysmal record on economists on calling the economic trends correctly even after they have happened let alone ahead of the trend, you would think exponsents of the dismal science would be a little more cautious in proclaiming their gusses as evidence backed facts. They never seen to learn however.

European Union Euro - Nazis Block Democratic Challenge To TTIP Travesty
Yet again the news slowly leaking out of the Trans Atlantic Trade And Investment Partnershi negotiations tess us just why there is so much secrecy surrounding this trade treaty being negotiated between the EU and the USA that even our elected governments are not allowed to know what the final treaty will include. Be afraid, be very afraid.

Police to Investigate Allegations of Labour-LibDem Rochdale 'Deal' on Paedophiles
Fresh allegations have emerged regarding the systematic sexual abuse of Chil;dren in Rochdale. This time the story focuses not on the Pakistani men at the centre of the abuse gangs, but the political cover up by Labour and Liberal Democrat elected officials on Rochdale Metrtoplitan Borough Council who, it is claimed orchestrated the cover-up by Labour and Liberal Democrat Party officials in the Greater Manchester Area.

Obama and FUKUS Axis Air Strikes On ISIS Will Make Things Worse
The bombing of ISIS, the Islamic State is well under way in Iraq and Syria, and as predicted the American, British and French led campaign is already making things worse for civilians among whom the ISIS fighters are dispersed. And of course, far from making the west safer, it is stirring up more hatred against us in the Islamic world.

Bad News for the alarmists: 'Missing Heat' from Non-Existent 'Global Warming' isn't Hiding in the Ocean After All
The already mortaly wounded cause of climate taxes alarmism has bean dealt another blow in a new study published by a NASA research project carried out at the Jet Propulsion Laboratory in Pasadena, USA.
Satellite observations and empirical measurements gathered by Argo temperature probes enabled the NASA team to calculate temperature variations and thermal expansion in ocean waters over 6000 feet deep.

Evil Labour Government Helped Private Companies Profit From NHS
If you live in Heywood and Middleton and were thinking of voting for the greedy, paedophile loving, elitists' party, Labour because you have been taken in by the lies peddled at the Labour conference that the wicked Tories plan to privatize the NHS, think again.

UK Health Watchdog: Studies Show Mobile Phones Cause Brain Tumours
Over the past last two years, following publication of metastudies like World Health Organisation's International Agency For Research On Cancer report on the effects of radio frequency electromagnetic waves, there is new evidence that mobile phones use can be dangerous to our health. A less technical summary of that is available from Cancer Research UK. Wireless phones, even those DECT systems you use with your landline so you can wander around with the handset, emit radio-frequency electromagnetic fields (RF-EMFs) when in use...

Another EU Wannabe Declares War On Free Speech A very dangerous and worrying trend, which has been gathering momentum for some time, has entered a new dimension in recent weeks. Political and business leaders around the world are blatantly calling for the censorship on reporting and discussing news in terms that are 'unhelpful' to their aims and ambitions along with further restrictions on free speech.

US Centre for Disease Control Opposes Blocking Air Travel from West Africa to Stop Ebola Right of return and gender dimension more important than stopping spread of disease? Well that sounds about right for the admistration of The Rent Boy President. Always put acting in a politically correct way before common sense. How about this for a totally fickwitted attempt to deal with a crisis (or mayve a smart but totally evil way to create a crisis.

Another Big Result For The 'Conspiracy Theorists' - US CIA Corrupts Western Journalists.
Ever wondered why anybody trying to report news truthfully or initiate intelligent discussion is branded a conspiracy theorist, especially if their news or opinion is critical of the American government of American business interests? Read the content of this page and you will know a lot more about what is going on.

The Crminalisation Of Dissent
There is a growing trend in what we like to think of as the free world to curtail civil rights, transfer national sovereignty from elected law making bodies to supra national bureaucracies and enact new laws restricting free speech and press freedom. Largely fictitious threats such as terrorism, Islamic fundamentalism and climate change are being used to justify this. but are the levels of risk sufficient to justify the destruction of democracy?

EU Kommisar Admits Brussels Is At War With Democracy
The German EU Commissioner Günther Oettinger, in an astonishing rant accused "bishops, non-governmental organizations and "Ami-Go-Home-Altgruppen" (whatever they are) of undemocratic agitation against the EU's free trade agreements. Oettinger was referring to the Trans Atlantic Trade and Investment Partnership (TTIP) the undemocratic deal being negotiated in secret between the European Union and the corporate paymasters who control the US Administration.

Proof Bill Gates is Linked to Ebola as it Hits Dallas, Texas?
Ebola fever has landed in America and predictably sparked panic (see headline). The question evert=yone asks is: "How much danger are me and my family in." The questions they should be asking are: "Why does the US Government Department Of Defense hold a patent on the Ebola virus; and: Why has a team from Tulane University and the US Department of Defence biological weapons research project been experimenting on the Ebola virus for several years?

Surveillance Society Ever had that feeling you are being watched, unseen eyes are monitoring your every move, recording your every action, even knowing what you think. We live in a surveillance society but few really understand how intrusive the activiries of the watchers are. Welcome to the Panopticon. Jeremy Bentham's ideal prison has become a metaphor for the world we have created.

New Global Crisis Imminen, New Geneva Report Warns The Geneva Report refers to a “poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation”. The total burden of world debt, private and public, has risen from 160 per cent of national income in 2001 to almost 200 per cent after the crisis struck in 2009 and 215 per cent in 2013. “Contrary to widely held beliefs, the world has not yet begun to delever and the global debt to GDP ratio is still growing, breaking new highs,” the report said.

Farage Reckless Facing Rabid Left Wing Fanatics
Following the defection to UKIP of Conservative MP Mark Reckless, who yesterday shocked the media and political establishment (everyone else knew it was on the cards.) by announcing his switch from con to Kipper from the podium at the closing session of UKIP's conference, the Kippers latest recruit and his new leader yesterday faced angry but ineffectual protests

Vaclav Klaus, the free world's last honest politician: the West’s lies about Russia are monstrous.
There are few people in politics who will say in public the things that really think, thanks to the hypersensitivity of the American political establishment and their enthusiasm for bombing the crap out of anyone who upsets members of their anointed minorities. Its refreshing then to learn of comments made by veteran Czech Republic leader, putting the boot into the cowardly mealy mouthed sum who pass for conservative and libertarian politicians in the English Speaking countries.

Why Do Government Information Technology Projects always Screw Up? Because Everything Governmrent Touches Becomes Political
While scientists burble excitedly about the internet of things, computer-brain interfaces that will enable the government to control us from data centres, creating human / computers hybrids and other science fantasy rubbish as if any of it stands a chance of becoming reality, government Information Technology managers, with almost unlimited resources at their disposal, can't even manage to cobble together a simple database and search routine. The failure of the e borders project is the latest in a long line of screw ups.

Ukip takes on free market corporatists: Britain's immigration debate gets interesting
Immigration was the subject of the big debate at UKIP's conference in doncaster today. With the Rotherham paedophile scandal which involved Muslim men in the immigrant community abusing young white girls as open sore in South Yorkshire politics at the moment the topic was long overdue for serious debate. One of the reasons the Rotherham scandal happened was the politically correct left scremed racism whenever issue was raised. Immigrants are not above the law.

The Third Gulf War Has Started - Should Britain Get Involved
For the third time in twenty five years a British Prime ~Minister has led the nation into a war in Iraq. It's understandable that Iraquis might be a bit pissed off with us. This time the threat is not a brutal dictator like Saddam hussein or Muammar Gadaffi, the Libyan leader we helped depose, but Islamic State, a concept, an idea, but also a rabble of bloodthirsty maniacs funded by European and American money, aremed with European and American weapons and trained by European and American 'military advisers.

War In Iraq? Lard Bombs Away (SATIRE)
As usual Boggart Blog is totally against Britain becoming embroiled in another sectarian conflict in the middle east (the theme tune of which will be I Hate You Babe by Sunni and Shia.) But rather than send our clapped out, thirty year old warplanes to fire rockets and heavy calibre cannons and drop bombs on the IS, bearing in mind these guys are all fundamentalist Muslims we have a better idea. We can beat the Islamic State without shedding HUMAN blood.

Derbyshire Chief Constable Claims He Was Forbidden To Arrest Former Labour Minister Or Search His Home">South Yorkshire Police Commissioner Shaun Wright Finally Resigns Over Rotherham Child Abuse Scandal
Police chiefs blocked a paedophile probe into a top politician 25 years ago, one of the country’s most senior officers said yesterday. Derbyshire Chief Constable Mick Creedon was serving as a detective sergeant in Leicestershire when allegations surfaced against Labour MP Greville Janner in 1989. Mr Creedon said he was ordered to limit his inquiries into the MP, now Lord Janner of Braunstone.

Disaster Dave's Latest Screw Up On The International Stage
Tomorrow (26 September, 2014) the UK Parliament will meet to vote on whether Britain should support Prime Minister David Cameron and US President and Warmonger - in - Chief Barack Hussein Obama in launching yet another war in the middle east, this time against the forces of the Islamic Caliphate, a fundamentalist organisation set up by groups funded armed and trained by the USA and its allies in their quest to overthrow the regime of Bashar Al Assad in Syria.

War In Iraq: Confused? You Will Be
I'm always a bit wary about referring to The Daily Mail because mere mention of that rather sensationalist but immensely popular newspaper (compare its circulation figures with those of The Guardian or The Independent) is likely to attract a Two Minutes Hate session from Britain's biggest fascist movement,

Love Like Chains (poem)
There are needy lovers and there are controlling lovers (the lovers in my case have always been female but I know men fall into these categories too). They often seem to be modelled from the same clay. Having always been self contained person who liked to stand apart from the crowd I have never did very well in love affairs with either type. This poem is not adressed to a specific person but an amalgam.

Miliband Promises Same Old Shite - Not A Word About Action Against Paedophile Sex Gangs
Labour leader Ed Miliband's keynote speech at the Labour Party conference woyuld have to be the best speech of his life if he hoped to be Prime Minister after next years election, the consensus of opinon said. Ed's friends and opponents awaited the speech with very different hopes and expectations. in the end as Ed dodged the bg issues, the economy and debt, law and order, immigration and Europe, it was probably his enemies who were happier.

In Praise Of Sluts - Tits Out For The Boys Miley
In the last 24 hours both Marianne Faithfull and Jacqueline Bisset have criticised today's young women for dressing provocatively, the teasers for a story in today's news said.
Marrianne Faithfull, no slouch in the sluttiness stakes herself back in the 1960s but to a teenage male all the more appealing for that (I still get a little tingle when I look at a Mars Bar), told ITV News that Miley Cyrus, Rihanna and other good looking young pop tarts are, quite simply, sluts. She gave her reasoning thus:

'There is Only One Planet': The Bemusing Claims of London's Climate Warriors
Apparently blissfully unaware of their hypocrisy, marchers have left placards emblazoned with complaints about the government and environmental issues strewn around on the pavement. The thousands of left-wing activists who descended shouting and stomping through London’s streets no doubt moved on to bars, restaurants or their homes to smugly congratulate themselves on having done their bit for Mother Nature, unsurprisingly not only expecting other people to pay for everything they demand,

A Bunch Of Self Obsessed Air Heads Only Interested In Publicity
The headline sums up some of the speakers or yesterday's climate change protest in London. But we know scientists are vacuous wannabe celebrities. The surprising thing was the showbiz and media luvvies showed themselves even more stupid and out of touch with reality. Take Emma Thompson. A fine actress but we should remember her job is pretending to be somebody else. and having spent most of her life pretending to be somebody else, when ...

Nationalism the new target for left wing screechers
The screechers have a new target for their hate, Nationalism. OMFG, I am sick of seeing on Facebook and other Sheeple sites posts from the army of bandwagon followers condemning nationalism. Hate attacks on Andy Murray because he voted Yes for Scottish Independence were deplorable, the bloke is entitled to his opinion FFS. The lefties hater did not stop there however, attacks on his mother are just disgusting (but entirely typical of the Labour voting, free speech hating, all-things-British loathing, bourgeois left scum.)

Rotherham Childcare Chief Quits Over Mass Sex Abuse Scandal

After weeks of mounting pressure and in the wake of resignations by council political leaders and senior exectutives and also of the recently elected Police Crime Commissioner for the scandal hit town, Joyce Thacker the head of children's services at Rotherham council has finally quit. Following the revelation of a massive cover up by elected representative, police and care professionals who went to considerable lengths to avoid acting on allegations of organised sex abuse gangs consisting mostly of

GCHQ employs more than 100 dyslexic spies. So what?
A lot of people in comment threads seemed eager to get their knickers in a twist this morning about a story headlined: GCHQ employs more than 100 dyslexic and dyspraxic spies. The story tells how the government snoopers intelligence agency down in Cheltenham uses dyslexics' ability to analyse complex information in a 'dispassionate, logical and analytical' in the fight against terror.

Obama administration ‘blocking' information from the press
Uncovering information that should be available to the public has become increasingly difficult under the presidency of Barack Obama, an Associated Press bureau chief says. In some cases, it surpasses the secrecy of the George W. Bush administration. The White House's penchant for secrecy does not just apply to the federal government, according to AP's Washington bureau chief, Sally Buzbee.

An Interesting Perspective From Across The Pond On The Scottish Referendum Result
The almost inevitable accusations of fraud and vote rigging are beginning to emerge in the wake of the Scottish independence referendum. Surprisingly the likely culprit most fingers are pointing at is not the SNP, leaders of the YES campaign or the Westminster government which wanted to avoid the embarrassment of a no, but the Euronazis in Brussels whose plans for a single European nation would have suffered from a YES vote.

Submerged forests' drowned by ancient climate change revealed by 2014 storms.
Here's yet another smack in the mouth for those smug, condescending scientists who talk down to the rest of us. Far from being a new thing, climsste change was affecting the environment at the beginning of the Bronze age. How many fossil fuel burning power stations did the beaker people have then, and how many Chelsea tractors were tearing up and down the ridgeways?

1000 Scientists Break Ranks On Global Warming - Laugh? I Nearly Shat
You've all heard from members of the Church Of Scienceology Cult about how there was total consensus (despite a lack of empirical evidence) that the planet is warming so rabidly there are now no ice caps at either the North or South Poles, that the last polar bear perished when someone ate its Fox's Glacier Mint and that there are now ...

How To Be Totally Uncool (By TryingTo Look Cooler Than You Are)
Many of the 4700 people camped outside the Apple store on New York's 5th Avenue in the picture above are unemployed (and very likely being paid cash in hand by others to queue for days). Few, if any, among either the campers or the buyers will spend $3,600 for a "gold" iPhone like someone in China just did. But those who are buying will gladly pay ...

South Yorkshire Police Commissioner Shaun Wright Finally Resigns Over Rotherham Child Abuse Scandal The man who bears most responsibility for failure to investigate the Rotherham child abuse scandal has finally resigned after three weeks of excuses and evasions. Police Commissioner Wright has been under pressure ever since a report by Prof Alexis Jay (see below) revealed a huge level of child abuse in the South Yourkshire town of Rotherham. The organised sex crime rings had been operating for ...

UKIP MEP Received Death Threats After Criticizing Rotherham's Labour Council Council Over Sex Abuse Scandal Jane Collins, the UKIP Member of the European Parliament for Yorkshire, has been speaking out about the failure of the senior police officers, the social services department managers in Rotherham and leaders of the Labour controlled council all of whom failed to act on allegations that groups of mainly Pakistani men were carrying out the organised sexual abuse of under age girls who found themselves in the care of the authorities.

Bill Gates Foundation Giving Millions to Top University In Order To Influence GMO “Debate” - It Must Be Dodgy
Former Microsoft CEO and mega mogul Bill Gates has long utilized his vast fortune to push genetically modified organisms (GMOs) through his Bill & Melinda Gates Foundation, but Gates’ efforts have been met with sharp criticism from millions of grassroots activists both home and abroad.

Rotherham: In the face of such evil, who is the racist now?
Here's a question for wannabe Mastermind contestants. If South Yorkshire Police can mount a raid on the home of pop singer Sir Cliff Richard, two hundred miles away from their patch in pursuit of evidence linked to a single and unsubstantiated allegation of child sex abuse 30 years ago, why were the same South Yorkshire Police force unable to conduct a proper investigation into multiple allegations against men who raped 1,400 children over 16 years?

Denis MacShane: I was too much of a 'liberal leftie' and should have done more to investigate child abuse
In a rare mome

nt of candour disgraced former Labour Member Of Parliament for Rotherham, Dennis MacShane admitted he could have done more to protect the victims of sex abuse gangs in his constituency who preyed on young girls in the local authority care system. While maintaing he knew of no specific allegations MacShane said he could have investigated rumours circulating in the town.

Rotherham Abuse Cover Up Cover UP
Not so long ago we were venting our spleen about the selection of Judge Butler - Sloss to head up an inquiry about how allegations of paedophile offences by well known celebrities, politicians and establishment figures were covered up for many years. It turned out Lady Butler Sloss was the sister of the now deceased Attorney General Sir Michael Havers who was directly involved in

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