34 thoughts on “Bank of England declares war on workers and savers; sides with borrowers and speculators in pogrom of middle class

  1. Mike/Liverpool

    All the poison will now hatch out, the suppressed Iraq war anger….EVERYTHING….Its going to be a LONG HOT SUMMER!

  2. Tony

    He mentions commodity prices such as cotton rising due to growing demand from the developing world. Always blaming problems on brown skinned people. Racist lying fuck he is.

  3. Zorro / London

    Mervyn King and others in your Ivory towers. You are out of touch with 99.9% of the British people, and those around the world

    Whats this bullshit speech “let them eat cake”, or is it now accept lower wages, with mass job losses, increases in tax and inflation, and simultaneously rob the people by devaluing the currency and stealing their pensions.

    Its only a matter of time till the scenes in TUNISIA, ALGERIA, BANGLADESH….and now EGYPT! repeat themselves.

    http://www.bbc.co.uk/news/world-africa-12272836

    But in London and in other cities, the students protests will seem like a harvest jamboree in comparison as i forsee a total breakdwon in society of law and order, and by then it will be too late.

    Poor Mervyn, completely out of touch with reality as are his peers, bankster friends and the historical privelaged establishment.

    Too many Guil Hall dinners surrounded by those with chains of office and wigs from the days of King Charles the1st. Lets hope theres no repetition, but then again when those who forget the lessons of the past, history has a cruel tendency to repeat itself…..doesnt it Mervyn!

    Remember the words of the wise and in touch Mr.Gerald Celente, Mervyn….when people loose everything and have nothing to loose, THEY LOOSE IT !!!

  4. bart

    Well said,I do not think the politicians realize how close
    their heads are to the guillotine when they keep on licking
    to the banksters and kicking down on the people who
    they should represent.

  5. Robert Mockan

    People not math inclined, knowing little about economics, and how fraud is committed without getting caught, can be overwhelmed by details. The details can also hide the cause of the crises. PSYCHOPATHS!
    http://www.activistpost.com/2011/01/pathocracy-tyranny-at-hand-of.html

    People need to go after the psychopaths! Everything else is secondary. Mental health professionals can reveal them. Technology advances can actually reveal them and measure the dysfunction in their brain functions compared to healthy people. They can be removed from their positions in the central banks, governments, and finance. They can be isolated. Treated. Do this, and the insanity in the world STOPS! Not years later, but immediately.

    “..organizations can become infested with psychopathic personality types who, if given the proper amount of time and growing conditions, will busily fill all positions of power within it. In the case of governments, what emerges is defined as a pathocracy: tyranny at the hand of psychopaths. Lobaczewski defined governance by a pathocracy as a macrosocial disease, something unhealthy and brutally deadly if untreated.”

    Alex Jones started the You Are the Resistance, V for Victory, Against the Occupation.

    But he is leaving out the catch phrase that brings it all together.

    STOP THE PSYCHOPATHS!

  6. karl

    this guy is a criminal
    put me in charge for one day and he would be behind bars
    inlfation is high as people like this print to bail out bansters
    outrageous?
    how long will the british people put up with this?

  7. Bruce

    Mike/Liverpool
    Some nice Poll Tax protest footage you posted.

    Great to see the people out there like that but not so great to see random property destroyed, and I feel sorry for those horses.

    But it’s a grim reminder of what it comes down to in the end: the people against the state.

  8. flicks

    Some credit can go to Mervyn King – he stood up and stated that of all the ways to do banking we have the worst system and openly criticized Fractional Reserve – that was something although maybe only appeasement of an increasingly informed public, of-course due to the bloggers/docu makers/internet and not any state eduction system !

  9. Trooper dave

    I watched the BBC report on this by Paul Mason. He outlined the problems that have yet to impact on the UK economy, VAT rise; large unemployment rise; even higher inflation due to VAT and commodities/raw materials/ imports costs hike. He did mention that the trouble was the banks and the fact that they were implementing fiscal tightening which is restricting business growth (I’d say survival for small & medium size firms). He did say that the BoE was trying stimulous with QE print of money into the economy. BUT, strangely for Paul Mason, he didn’t point out that the QE is not going into the real economy!? It is going…… into the banks!(the problem) Who are using the money to stimulate the economy, NOT. They are using it in speculation and manipulation that will drive inflation higher and have no benefit to the the country, oh but do pay bonuses, tada!
    So this in “Con Trick Squared”. Banks make huge profits by inflating the credit maket, brainwash the squeekle that the huge debt wheel is something they must get on; then pop! bank bad debt(bonuses already extracted from) gets hoisted on to the taxpayers liability at 100% of written value(probably plus a fee to the very same banks for facilitating such a transaction); and now the King states that a drop in living standards is a NECESSARY pain that needs to be swallowed so we can get back to a point where the credit(DEBT) can flow again. Keep running round that wheel squeekle.
    And the majority in Britain do not seem to want to understand what is being done to them as they have plenty of dancing shows to vote on to give meaning and value to their little slave lives!
    Maybe people should wake up get out of the ratrace and put their money elsewhere.

  10. flicks

    Trooper dave – keep blogging to inform more people; so long as we keep it up and bring on board more the MSM (already complicit and looking inept) will become meaningless . I seriously doubt King would have made that speech on FRB and the banking system being the worst if it were not for people like Max and the commentators here constantly posting links getting the message of the fraud and corruption out. Its here that we will make the change but it will take time and require constant application again and again and again.

  11. paul

    why doesn’t MERV let us all borrow money at 0.5% like he does for his banking friends. then we just like the bankers invest in in government bonds and get 3.5% giving me 3% for doing nothing, So come on Merv let me borrow 6 million at 0.5% Ill think a lot about you, best buddy.
    and yes can I have a pension just like yours! I’ve just lost my company pension now its costing me an EXTRA £50 a month for less privileges.

  12. F. Beard

    @paul,

    Good one! “Of the bankers, by the bankers and for the bankers” is the apparent motto of the world.

  13. Mini US

    And will the people insist that Mervyn takes a huge pay cut for mismanaging the peoples money?
    Treat him like a CFO of a company you have substantial shares in. Have him removed if he doesn’t invest your money wisely.
    The politicians MUST feel the pain too.

  14. death to the NWO

    Only when the population will be on the verge of starvation then the brown stuff will hit the fan . The Powers that were want to exterminate us , reduce the population to about 500 millions to controls us better . When the average Joe Smith will understand this point thanks to the famine and the economic collapse , that will be the time when the controllers could be exterminated . It is either them or us . It is a fight to the death .
    A small number of them is preferable to the death of billions . I advocate the Romanov treatment for all controllers .

  15. VON DEM

    HE DOES NOT MENTION A LOT OF PEOPLE ARE SKINT PAYING OFF THERE PREDATORY LOANS , WHERE IS THE FUTURE IN THE UK THE COUNTRYS SKINT ANYWAY , THEY THE BANKSTERS AND POLITICIANS HAVE ROBBED EVERY PENNY THEY CAN

  16. VON DEM

    FROM MAX KEISER BEAR STEARNS REPORT According to a WSJ blog he even helped his new peers prepare for congressional testimony when it was their turn to defend selling products they thought were shit and designed to lose money. DESIGNED TO LOSE MONEY SHOWS THERE ATTITUDE

  17. flicks

    VON DEM – I have/had a teacher friend, last time we met I suggested financial education at school – on debt and scams – if a youngster knows what a ponze scheme is this not a good thing? If a person is encouraged to live within their means and resist seductive advertising and debt from ‘stuff’ is this not a good thing ? Since meeting I have not heard from my friend . It seems to be a serious no no to mention finance in terms of education in schools.

  18. solipsist

    @ Mike/Liverpool: It is so unfair of the police to bring in horses during riots. They know, that the protesters will try to avoid injuring the innocent animals and are therefor weakend in their expressionism. One should have some vet’s tranquilizer (injectionables) at hand and put the horses asleep. Let them sleep and rage the streets man to man!

  19. flicks

    Hawkeye – great post on the NN blog – hope you dont mind me posting it here:-

    “Britain for sale!

    We’re not even waiting for the IMF to hold us over a barrel, the raping of the UK state is taking place with Gvt complicity.

    Cui bono?

    http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/05/uk_emergency_budget_open_threa.html#P96356426

    Other have also been warning of the symptoms: “We’re going to see now are mega privatisations (aka asset stripping) of the public sector (not just jobs but assets like land) forced upon Ireland and Greece by the IMF”

    Michael Hudson: “Bank lobbyists know that the financial game is over. They are playing for the short run. The financial sector’s aim is to take as much bailout money as it can and run, with large enough annual bonuses to lord it over the rest of society after the Clean Slate finally arrives.”

    The underlying strategy around all this: Sell freedom, Buy control

    There is an alternative to austerity (covert control), and it is the route that Iceland took after the crisis. They were blackmailed by the EU & IMF but told them to stick it. Informed democracy lives on in that small enclave.

    Funny how no-one likes to talk about Iceland these days….”

  20. Apocalypto

    They want you to work for less money. They want you to work for longer hours. They want you to hold more responsibilities and be accountable for more things.

    In short, your slavery is showing.

  21. Zorro / London

    Hey did any of you ever see Spartacus!

    Now come on guys….lets all practice…I’m SPARTACUS,

    NO!….I’m SPARTACUS…etc etc.

    Now I know it was’nt a happy ending for the slave army, but Rome ….DID fall.

    And we know what happened to the Emperor, the senators and their lackeys.

    Divine justice…..eventually…ALWAYS….prevails

    SELL YER SISTER……..BUY SILVER!

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