Turning Out The Lights

Have Your Whine

Councils in England and Wales are considering switching off some of their street lights to save money and energy. Is this the best way for councils to cut emissions?

Councils say that switching off the lights will cut carbon dioxide emissions and help them to reduce their carbon footprints. Turning lights off at certain time will also save money.

This is one of those issues where I am a little bit torn. If the sole reason for doing this, was to save co2 emissions, then I would say forget it. It will make sod all difference.

However, I am not going to cut my nose off to spite my face. I believe in being efficient in energy use. 1) Because it costs us money and 2) Because this is energy we could be using for something else.

Do we REALLY need motorways to be lit up like it is day time for instance? I am sure you could at least turn every other light off, with no real difference.

In built up areas and towns though, I don't think turning them off is a great idea. The weaker members of our society will be more frightened, if they have to stumble around in the dark on their way home. If they could carry a gun, then maybe that would balance it out, but they can't.
lue
So on reflection, I believe councils SHOULD look at areas and roads and turn out some of the lights, if possible.

Sadly this will just make George Orwell look like even more of a prophet, with this blueprint for Britain under Labour, 1984.

Dark run down streets, with people snitching on each other and eating meat substitute. Perpetual war with unseen enemies and governments who spin out propaganda that we have never had it so good! All policies now being considered, or in place by New Labour.

Makes you want to weep!

Credit crunch? What credit crunch?

I have been away on work in the states for the last week, so I had a shed load of mail to open today.

Nothing major, but one thing that did make me laugh, is the amount of credit I was offered. Credit cards, loans, car finance, you name it, I was eligible and invited to join.

Yet banks with centuries of history won't lend each other a bean, hence the massive theft of taxpayers money, to let banks know they can be as reckless as they wish in the future.

Does anyone really believe this horseshite? We all know that a small percentage of people, own the vast majority of wealth on this planet. Yet we are lead to believe that a few mortgage defaulters in the states, has caused all this mayhem.

Rubbish. The puppet masters have decided it is time to shake the tree and my god they have shaken it big time. The Communist manifesto slowly gets put in place, with banks being nationalised at pace and the "one world government" being demanded by the political elite again.

In the meantime, the ordinary Joe wails and whines, but is ultimately ignored as usual.

Watching the "news" in the States is even more depressing than here. Speak to anyone in America, and they lament the lack of real choice and ask how this pile of dung is the best they can get. Yet the "news" tells everyone about the polls being run and how Obama is pulling away, because McCain is getting too angry.

Wrong, he isn't angry enough. He just gets angry about the wrong things. If he started railing against the US becoming the new Soviet Union, then maybe, just maybe people would feel like taking part again.

The problem is, he is establishment to the core and the establishment want authoritarian, world government. They know it is a simple case of playing on people's fears and own fascists tendencies, so that's the game they will play.

Wake up world. Trusting the same mugs who got us here, to get us out, is an epically bad idea!

America Needs More People Like This

Shame the other career whores didn't care less about the American people.

Thank God Some People Get It

And it is the young people who are waking up to the con that is the EU!

Another EU wake up call for the Lib Dems?

Brussels Broadcasting Con

British courts should refuse to act on an EU arrest warrant requesting the extradition of an alleged Holocaust denier, a senior Lib Dem has said.
Australian citizen Dr Gerald Toben was remanded in custody after his arrest by British Police at Heathrow Airport.
German authorities allege Dr Toben published material online "of an anti-semitic and/or revisionist nature".
But home affairs spokesman Chris Huhne said holocaust denial is not a crime in the UK and he should not be extradited.

Well blow me down with a feather! One of the most pro-EU takeover people within the Lib Dems, now wants to defy the laws he has helped hand over to foreign courts. UKIP banged this drum loud and clear and was condemned by people like Buff, for scaremongering.

No matter how wrong you think this guy is, or what his motives are, the idea of putting people in prison for their opinions is sickening. Indeed, it is straight out of the nightmare scenario painted by George Orwell's 1984.

So is this a case of the Lib Dems beginning to see what a monster they have helped to create? Or are they desperately just trying to con the British people, that they are not quite as slavish to the EU, than they really are.

I know which one I think it is and I don't expect them stop their treachery any time soon.

For the record, I think the Holocaust did happen. To what degree, I have no idea, as the victors write the history books. All I do know is it was terrible and we must never let government have so much power, that is can do it again. ID cards for instance would have been Hitler's dream.

One for the whining Lib Dem retards who say the EU aren't behind ID cards

How much more evidence do you need? Do they need to print EU in big letters instead of small?

How about the card has a little chip that plays "All your base are belong to the EU"?

Wake up and smell the coffee Libby Dems. Your leadership is playing you for utter mugs.

Do you really believe in freedom? Because if you do, you are in the wrong party. Big time.

A day of mourning for Britain (Mandelson's back)

I don't bloody believe it.

After a great day yesterday, with Ian Blair being forced out, we are giving a huge boot in the balls today.

Peter Mandelson, after selling Britain out so much as an unelected EU trade lacky, is coming back to British government. Kicked out twice already, his so called nemesis Gormless Brown, is welcoming him back with open arms.

Of course, he can't come back to parliament, so they just create him a place in the Lords. What a sham our "democracy" is, when crooks like this utter scum can keep crawling back to suck on the taxpayers teat for a bit longer.

At least it exposes what a load of rubbish the media puppet show of our politics really is. Brown is just as much an EU traitor and buddy of Blair as Mandelson. All these fake story lines, of them not being friends and hating each other is now proven to be BS.

Will this help people realise what a charade our "democracy" is? Will it make people suspicious, that Blue Labour are perhaps batting for the EXACT same team?

Sadly I doubt it. Mandelson and Cameron will have to be physically bending people over and giving them the shaft, before a whimper of complaint will be heard.

Does Britain deserve to go down? Not if we are talking about our ancestors, but the current generation is a spineless bunch of surrender chimps. I feel ashamed.

Useless political puppet Bliar (mark II) resigns.

Communist Channel

Metropolitan Police Commissioner Sir Ian Blair has announced his resignation after three years in the job.

He said London mayor Boris Johnson, who took over as chairman of the police authority on Wednesday, had told him he wanted a "change in leadership".

Sir Ian said that "without the mayor's backing I do not think I can continue in the job".

I have have to eat humble pie and admit that Boris has achieved something after all. This disgusting excuse of a man, was a political puppet from day one for Labour. His useless tenure has seen respect for the police dwindle and morale of the forces go into freefall.

The fact Boris told him to go is a big plus for him. He is in danger of becoming useful, if he replaces the fool with someone good.

Will he do it though? We shall soon see!

Envirofascists at EU controlled Woking council screw up again!

A while back I had a letter sent to me from the council, complete with a questionnaire.

The questionnaire was about "energy efficiency" and they wanted you to answer a load of questions, in return for a "free" report.

Last time I looked at the title of the person sending the letter (Lara Curran, Senior Policy Officer for Climate Change) and threw it straight in the bin. When your useless government pretends it can control the planets climate and employs people using stolen money to do so, then I give it the short shrift it deserves. Besides,for my own bank balance, I am pretty damn energy efficient as it is.

So imagine my joy to find that the morons had cocked up and have had to resend the questionnaire for a second time. Yes, all that paper and energy required to send this crap out, all under the new religious banner of Envirofascism.

This time I decided I would pay a bit more attention though, so I can really pick holes in their folly.

First up, the letter was addressed to "The Householder". Now I don't know about you, but that is usually a signal to me that it is junk mail. I personally do read it from time to time, but I know many people just chuck such stuff straight in the bin.

Now the council try to blame the mailing house for the blunder and promise that there was no extra cost to the council. Probably true, because the council never pays for ANYTHING. We, the taxpayers do! The fact we had to pay for the first crappy effort is bad enough, along with the wages of this non job hogger, Lara Curran.

The next bit talks about how this information will be used to plan future energy efficiency grants. Guess where those grants come from. Yes that's right, anyone who bothers to work for a living. Stolen once again, via taxation. Why am I having to pay for other people to be subsidised?

They make great bones about the envelope being "freepost". Guess what? IT AIN'T FUCKING FREE! The post office are not a charity, especially since the EU driven laws meant all their most profitable business has been asset stripped away from them. The mug tax payer has to pay for every reply that gullible sheep send in.

There is a "processing centre" who will deal with this rubbish and can you guess who pays their wages? That's right, us lot again. More non jobs, more waste.

It says if you would like to speak to a "trained energy advisor" to help morons fill out the form phone a special "freephone" number. They like that word free, when in reality it is anything but free. All phone calls made to that number will be charged to the council and passed back to us. Of course, all of this information and advise is readily available on the internet, but this bunch of clowns wants to force feed the moron population and keep their non jobs going.

Now, this wouldn't be so bad, if this useless council, who proudly fly the flag of the EU above their office, were actually responding to the peoples wishes and delivering on promises made in elections. This simply isn't the case though. None of the parties promised this short of shite. Well maybe the Lib Dems hinted at it, but the Tories are supposed to be in power and all they said, is they would stop waste and keep taxes low! Lying bastards.

Looking at the Questionnaire itself, you soon see this is a centrally (ie the EU) driven load of garbage. It even says in bold letters A Government Requirement. Who the fuck do they think they are? Our overlords? Our masters? Why don't we have local government who have the balls to say, this is a ridiculous waste of time, effort, energy and money? Teach the kids at school that saving money and energy is a good idea. Make the info available on the internet. Robbing people to fund this horseshite, just because the EU demands it is not the way to go.

The Questionnaire asks a shit load of questions about your house, which I am not going to tell them about. They will probably stick it on a database and sell it to some companies. Or use it to bump up peoples council taxes!

Right at the end though, they ask 3 questions to help decide if you are eligible for some of the stolen booty, I mean grant. Now maybe I'm a cynic, but I suspected just because I am the one having the money stolen from me, I will be unlikely to get any of it back. So let's go through the questions.

32 Is a member of your household over 60?

Errr no. If there was, then we would probably be much more wealthy, as most of the pensioners in Surrey have a lifetime of savings and lived through the golden era of final salary, non contribution pensions. Unlike me, who doesn't expect a bean in state pensions and has to save like hell, in the hope of getting something. Of course, all the money I put into pensions, should have gone under the mattress as what Gordon hasn't stolen, has been smashed by stock market collapse. What a wheeze.

33 Is a member of your household in receipt of benefits?

Mmm no. The only benefit I ever had was a partial grant at University. I feel bad about that now, but not that bad seeing as I have had that money taken back many times over by the State. I guess the fact I work and try to look after myself, rules me right out. So why the hell should I bother with this rubbish?

34 Would you like more info on the councils (taxpayer/robbery victims) new eco(fascism) show home in Knaphill.

Hell no. I live in Knaphill and don't want to be reminded of the utter waste of money you idiots allow. Money that is theived from people like me every month, for what? A fortnightly bin collection.

What a scam. What a disgrace. And all the little parasite companies that donate to the parties that push this agenda, so they get on the "approved list" for selling their crap to us, can fuck right off too.

Anti Smoking Nazis

Spot on

Is Britain Governed By Retards?

Daily Fail

Throwing your litter into the wrong street bin will risk an on-the-spot fine and criminal convictions, ministers said yesterday.

Town hall rubbish police, who already inspect household wheelie bins, have been given the power to hand out punishments for misuse of public recycling bins in streets or parks.

Ignoring the new rubbish regulations by, for example, putting crisp packets into bins meant for glass, or ice cream wrappers into bins for cans, will bring financial penalties and the risk of a court appearance if they are not paid.

The right to hand out fines was confirmed by waste minister Joan Ruddock who said the new recycling drive would mean 'deliberate disposal of rubbish in the wrong place could constitute an offence'.

You all know my opinion on recycling and how 99% of it is a total waste of time. The EU demands that Britain meets targets and the feeble little career minded morons implement with glee.

Landfill isn't evil and we have plenty of capacity to do it. Yet this new envirofascist religion is being forced upon us and these are the spin offs.

The control freaks at local level see an opportunity to make some cash, so they bring in horse shite like this. The fact is, it will cost huge amounts of money to police, while pissing off the law abiding citizen, to the point of making them outlaws.

No environmental benefit will be seen, but to stop the EU fining us, like the little bitches that we are now, we have more ludicrous laws foisted upon us. Instead of throwing rubbish in bins, people will be best advised not to bother, as it is cheaper to be fined for littering, than putting it in the wrong bin.

Of course, the little fascists can only be in a few places, so there won't even be any improvement in the serfs playing along to this control game.

When are we going to have a revolution?


When?

Jamie Oliver exposes the state of Britain

I'm just watching the new Jamie Oliver effort, where he goes to Rotherham (where I have been a lot lately) and tries to teach the locals how to cook.

Now I am a bit fed up of the Mockney, but he does shine a light on the pathetic state of this country, while not really identifying the big issues.

Already I am foaming at the mouth at what I am seeing. Jamie has found a mum on benefits (a career of choice in some places), who can't cook/won't cook. She had an army of little brats, that she decided I would be happy to pay for, with help from Labour.

So this woman is probably the type of person quoted in stats as in poverty, as are her children. Well bollocks to that. She feeds her kids take away every night and has a fridge packed full of sweets and alcohol.

This shows the cancer of Socialism at work. Her brats will grow up with the same, zero responsibility, grab all the handouts you can mentality. As long as we keep encouraging this kind of behaviour, the longer the vicious cycle will continue.

This country needs a total overhaul, ASAP.

UK Libertarian Party Publish Economic Reform Document.

Libertarian Party

LPUK Policy: Monetary Reform
WHY DO WE NEED MONETARY REFORM?

The monetary reform proposals of the Libertarian Party consist of three central planks. However, and before we can talk about what we'd like to change, we need to take a brief look at how the current banking system works, and expose the flaws that our policies seek to address.
WHERE DOES MONEY COME FROM?

Most people think that the government creates all of our money by printing banknotes, and minting coins. But that is not the case. Let's start by looking at where the government gets its income from.
Government Income
Banknotes are printed by the Bank of England (BoE) on behalf of the government. The BoE then sell those notes at face value to commercial banks, who use them to fill their cash machines and to hand over to us when we withdraw money from our bank accounts. The profits from the sale of these notes by the BoE (known technically as seigniorage) is passed straight back to the government, and netted the Treasury the sum of £2.3 billion in the tax year 2007/081.

The second source of government income is well known and hated by us all—taxes.

Finally, the government gains income through borrowing. If insufficient funds have been brought in through seigniorage and taxation to meet the government's spending commitments, it sells bonds. Bonds are the equivalent of a government IOU, and promise the holder that the government will buy them back at a future date for the value of the bond plus some predetermined interest.

Raising money through selling bonds has a huge downside, though. It means that the government incurs debt. And, like the rest of us with debts (on a credit card, for example), the government ends up paying a sum of money each year simply to service those debts. Government estimates for 2007/08 put the figure that it will have spent on servicing its own debts last year at a staggering £30 billion2—over 20% of the total amount of income tax that we all paid!3

Money From Thin Air
Currently, around 97% of the 'money' in our economy isn't in the form of notes that you can fold, or change that weighs down your pockets—it's in the form of credit (or debt, depending upon which side of the transaction you are standing). So the real question to be asking if we want to understand where our money comes from is how all of this debt appears?

Our commercial banks create money as debt, effectively from 'thin air'.

Imagine a person paying, to keep the example straightforward, £100 in notes or coins into their bank account. Now, bankers know that most of the time, most people leave their money in their bank accounts; we tend to pay for goods with our debit cards, or by writing cheques to one another. Consequently, if a bank has just received £100 in cash it knows that there is little chance that the depositor is going to come along and ask for it back at any moment.

Knowing this, banks only keep on hand a certain proportion of deposited funds; the amount that they reasonably expect they will need to cover any requests for withdrawals. The amount is termed the reserve ratio, and for any funds deposited, a bank will solely keep the amount of the reserve ratio on hand, and lend out the remainder. The whole process is known as fractional reserve banking (FRB).

So, to carry on our example, if the bank that person paid his £100 into maintained a reserve ratio of 10%, the bank would accept the £100 deposit, keep £10 on hand, and lend out the remaining £90.

But what happens to that £90 loan? The individual or business who takes it from the bank will probably not just spend it straight away, but deposit it into their bank account. If they do so in cash, the whole process can start again. Assuming that their bank also maintains a 10% reserve ratio, the bank will accept the £90 deposit, keep £9 on hand, and lend out the remaining £81.

And so the process continues. In fact, if fully worked through the system, that original £100 deposit will end up having 'created' a total of £1,000 that can be spent in the real economy.

In accounting terms, no money is actually created. If each borrower were to pay back their loan in sequence, the debts would unwind until we were left with our original £100 deposit at the first bank. This is why those who defend the existing system will tell you that no new money is really created.

What these folks conveniently overlook, however, is that in real terms, as opposed to accounting niceties, new money has appeared—it's in your hands, and you can spend it. And as long as new bank deposits are being made, the process above can continue.

Keeping The Merry-go-round Turning
And what allows the entire process to continue is our central bank—the Bank of England. Remember the bonds that the government sells to raise additional funds, the Treasury IOUs? Well the BoE will, from time to time, buy bonds in the market. To pay for its purchases, the BoE genuinely does create money from thin air, and credits the seller's account with money that it has just decreed should exist.

This process injects new money into the economy, which spreads about and ensures that the fractional reserve system described above never grinds to a halt.

If it wishes to, the BoE can use the same process in reverse; selling Treasury securities and destroying the money the purchaser pays. In this manner, the BoE has a crude control mechanism available for determining how much money exists in our economy at any one time.

The BoE also sells money to the commercial banks. These banks buy money at one rate, then loan it out to their customers at a higher rate, pocketing the difference.

The above is, of necessity, a simplified explanation of how FRB operates, and the role played by the central bank. The Bank of England do not appear to have ever produced a layman's guide to these processes, but the US Federal Reserve has. Although several years old now, this document is still a good guide to the operation of a fractional reserve system, and largely applicable to the regime in the UK as well as the US. If you wish to look at the technical detail for the UK system, the Bank of England's Handbooks In Central Banking series of publications, and in particular Handbook #24 (Monetary Operations), is a good place to start.

And whilst the above is a simplistic version of the processes at work, remember that much of the complex language and obscure practice of the banking industry is designed to mask its operations from public scrutiny. At its heart, it is a simple fraud: central banks genuinely creating money from thin air, and commercial banks lending money that's not rightfully theirs to loan. As the famous economist JK Galbraith once noted: "The process by which banks create money is so simple that the mind is repelled."
WHY HAVE WE GOT THIS SYSTEM?

The short answer is because bankers profit from it!

Remember the seigniorage that the government receives from the printing of banknotes by the Bank of England? That brought £2.3 billion into the Treasury last year. Estimates by Huber and Robertson back in 2000 suggested that the loss in seigniorage to the government by allowing commercial banks to create money was in the order of £49 billion per annum4. And, of course, the more money there exists within the economy, the greater this loss is to the government.

The big driver for commercial banks is the interest that they charge on loans. Obviously, the more loans that they have on their books, the greater the potential amount of interest that they can earn. Simply by being able to loan (effectively) the same money over and over again, they are able to develop multiple interest income streams from a single deposit. Banks also profit from the business of actually arranging loans. Most will charge a small percentage of a loan's value simply for allowing you to enter into the loan contract with them.

We've enjoyed this system—largely unchanged—since the Bank of England was first established in 1694. Seeing the obvious benefits to themselves, bankers around the world have, over the centuries, embraced a model first imposed upon the people of our nation.

But it's a flawed model. It's one built to serve the interests of the few, not the many. It's one that results in the scourge of inflation. It's one whose time has long passed.
LIBERTARIAN MONETARY REFORM: THREE NECESSARY PLANKS

To build a strong bridge from our unfair and failed banking system to an honest and prosperous future one requires some sturdy materials. The Libertarian Party's monetary reform proposals consist of three central planks.

Plank One: Sterling — A National Currency That Belongs To The Nation
Our first key proposal is to wrest the privilege of creating money from the private banking industry, and to return it to where it rightfully belongs: the Crown.

Where an increase in the money supply is required to maintain monetary value—because of a growth in the underlying economy—government will spend the newly created debt-free money into the economy in the form of financing capital works, paying the salaries of public sector workers and so on.

This money will be the money that we are all familiar with: pounds Sterling. Our national currency, it will once again become the property of the nation. Out of control inflation caused by feckless bank lending will become a thing of the past, as we will demand that all Sterling be 100% reserved. All income from seigniorage will end up in the public purse, to provide funds for necessary government activities.

Should a particular government abuse its position and create more money than the economy requires, all of us—as the electorate—will have the opportunity to do something about the situation at the ballot box. This is in stark contrast to the current position, where inflationary pressures are created by unelected private bankers; people who actually have a vested interest in causing such pressures in the first place—the more money that they create, the greater their profits.

Nobel Prize winning economist Milton Friedman once said: "Money is too important to be left to central bankers". This is a position that we wholeheartedly endorse. The private banking industry needs to be removed from involvement in the creation of our national currency and, as US President Thomas Jefferson remarked over 200 years ago: "The issuing power should be taken from the banks and restored to the people to whom it properly belongs"; to the government of the nation, on behalf of the entire nation.

How To Prevent The Fractional Reserving Of Sterling?
A key point of these proposals is to prevent the fractional reserving of pounds Sterling in the future. As banks must be allowed to continue taking deposits and making loans in Sterling, this raises a potential problem.

To illustrate the problem, cast your mind back to the person depositing £100 in cash into his bank in our example above. Currently, the bank taking that deposit has no way of knowing if the money is government produced (debt-free) money, or if the person depositing it has acquired it via a loan. Without being able to distinguish between debt-free and debt-laden money, the bank cannot determine whether it should be allowed to re-lend that money.

In the days before computerisation of the banking system, this issue would have been easily dealt with. When there was a direct one-to-one relationship between money and the physical representation of it (the banknote), everybody knew where they were. However, it would be totally absurd in this day and age to return to the historic system of having fleets of security vans ferrying physical banknotes around the country between branches and different banks.

Various solutions to this problem have been mooted by different experts. Fortunately, the very technology that has largely rendered banknotes obsolete—computers, with vast amounts of cheap data storage—offer us the potential for tracking money through the banking system, to ensure that is only capable of being on loan to any one person at any time.

Those who run the banking computer systems have not had cause to give much thought to these issues to date, as they don't currently require this functionality. As a responsible political party, we intend to fully consult with private banking institutions to develop a future system that is both effective and transparent.

No matter that any such system would mean changes in the way that banks do business, we need to remember that what we are talking about here are solely implementation issues. Whether hard or simple for banks to adapt to, such mere procedural issues must not be seen as a barrier to prevent the much needed structural change from occurring. No government fails to attempt to apprehend criminals simply because it would be easier to allow them to roam free; and no government should shy away from monetary reform simply because the changes required might be arduous for the private banks to implement.

Plank Two: Pounds Sovereign — A 'Hard' Currency
In addition to reforming how pounds Sterling are created and handled, the Libertarian Party is proposing the introduction of an additional, parallel, currency: pounds Sovereign.

What gives our money today the value that it has is simply our trust that the government, and the banks, will honour it. There is no physical commodity backing Sterling: it is what is known as a fiat currency.

Our money was not always like this. In the past, precious metals such as gold and silver (the origin of our pounds Sterling) were kept by banks, and banknotes issued in relation to the amount of precious metals on hand. Such hard currencies proved remarkably resilient over the centuries, and really only died off during the 20th century with the explosion in fractional reserve banking.

Precious metals like gold have held their value—their real purchasing power—remarkably over the ages. Back in Roman times, an ounce of gold would have bought you a good quality toga, belt and sandals. Today, that same ounce of gold would pay for a quality suit, belt and a pair of shoes.

Metals, and particularly gold, are still of great value in the world economy. This is never more true than during times of economic trouble, such as that which we are facing right now. Whilst fiat money may be refused as a means for financing foreign trade, gold never is.

Back in 1999, Gordon Brown decided to sell off over half of the UK's gold reserves via auction—an act described by Peter Fava, then head of precious metal dealing at HSBC, as "a disastrous decision"5. Not only was the decision to sell the wrong one, but trailing it in advance guaranteed that prices would be depressed prior to the auction. As Martin Stokes, former vice-president at JPMorgan, said: "I was surprised they had chosen the auction method. It indicated they did not have a real understanding of the gold market"5.

Gold is still key to the operations of most central banks around the world. At the end of the financial year in March 2007, the United States held 8,133 tons of gold, Germany had 2,422 tons and France had 2,710 tons. Britain, currently the fifth largest economic power in the world, at least on paper, had a pitiful 315 tons5.

The Libertarian Party is proposing to reintroduce a hard currency, one backed by gold: pounds Sovereign. Although we would expect it to be initially used largely to fulfil international trade obligations, such a currency would have the added advantage of attracting foreign investors into the UK, as it would provide a secure harbour for their money in a turbulent world market. Over time, and if both the amount of gold held by the Treasury and the demand from the public was great enough, pounds Sovereign could become a commonly used currency in all our daily lives.

Plank Three: Free Banking
Another approach to banking reform that is advocated by some is the concept of free banking. Within a free banking system, there is no government control over currency or banking whatsoever—market forces determine everything. A free bank would be able to create its own currency, and make its own decisions as to how it would operate—choosing to embrace FRB if it wished.

The idea is that you—the customer—would make your own decisions as to which banking institutions and currencies to use; with pure market forces determining which survived and prospered, and which fell by the wayside.

The Libertarian Party is committed to allowing a plurality of choice in as many situations as possible for the citizens of the UK. Consequently, allowing a free banking regime to be instituted is the third plank of our portfolio of monetary reform proposals.

If the adherents of the free banking model are proved right, and such a system is embraced by the consumers of banking services, then over time free banks will become predominant in our economic system. If, on the other hand, the system isn't well received by the public, few, if any, free banks will come into existence or survive.

That's the real beauty of a truly free market: what is ultimately available to the consumer are the products and services that consumers create and sustain a demand for.
SUMMARY

Money has to come from somewhere. Currently, money is created by the banking industry and, with the exception of the seigniorage on physical banknotes which returns to the Treasury, the profits from creating money stays within this private industry.

Our proposals for monetary reform address the issues raised above in three ways. Firstly, we will return the sovereignty of our national currency—pounds Sterling—to the Crown, with new Sterling being created, debt-free, by the government, and thence spent into the broader economy. The amount of Sterling in circulation will be prevented from being expanded through FRB, stopping bank generated inflationary spirals developing, and keeping the value of your savings safe.

Secondly, we will create a new currency, pounds Sovereign, to be 100% backed by gold. Still vital for international trade, a gold-backed currency will be immensely strong, and help protect the UK from the storms and squalls that sometimes rip through international markets. In providing a safe haven, this currency will attract investment from many overseas into the UK.

Thirdly, we will legislate to allow for the creation of free banks. If these prove popular with the market—the citizens of our nation—they will grow and prosper, with their currencies likely supplanting Sterling as the primary means of exchange on a day-to-day basis. However, and should they fail, such failure will not impact on anyone who chooses to keep their banking facilities purely denominated in pounds Sterling. In this way a genuine free market in banking will be able to be tried, without the risks being spread over the general population.

We believe that the proposals outlined above are sound and necessary. Our existing banking system has been creaking from one crisis to the next over many years, and has only remained unchallenged because of the enormous influence that those who most benefit from it—the private bankers—wield over our elected politicians.

It's a broken system. And, uniquely amongst the UK's political parties, the Libertarian Party is ready to fix it.
POLICY HIGHLIGHTS

Removal of all legal tender legislation except in [9] below
Removal of all additional (VAT etc.) taxes on precious metals
Allow free banks to operate how they like with their own currencies (enabled by [1])
Only the Government shall be permitted to perform fiat issuance of pounds Sterling. Banks must either use foreign currencies or issue their own Bank Money
Sterling held in on-demand deposit accounts to be 100% reserved by any bank handling it. Banks have always been free to create investment accounts to enable on-lending
New pounds Sovereign currency to be introduced, 100% backed by gold
Sovereign to incrementally replace Sterling as gold reserves allow
Payments to government (taxes) and payments by Government to be in pounds Sterling or pounds Sovereign
Only pounds Sterling and pounds Sovereign will be "legal tender" in regards to the obligation to accept as payment for debts
Existing pounds Sterling fiat debt to be reduced systematically within the first parliament
The various Bank Money, pounds Sterling and pounds Sovereign shall float against each other
The true value of pounds Sterling will no longer be affected by private lending operations. A "safe haven" of a 100% gold backed currency, pounds Sovereign, will be provided. Pounds Sovereign will not initially to be issued in note form. All deposits of pounds Sovereign must be recorded by the Bank of England to ensure that no fraud occurs (totals should always be as expected by the BoE). Banks will be free to continue FRB operations using their own Bank Money or foreign currencies. We expect pounds Sterling to be the main currency in day to day life.
Sources
1 Bank of England Annual Report & Accounts 2008
2 Debt servicing from table 1.15, HM Treasury Public Expenditure Statistical Analyses 2008
3 Income tax revenue from table T1.2, HM Revenue & Customs Annual Receipts
4 Huber & Robertson, Creating New Money
5 The Sunday Times, April 15 2007

I think the bottom line, is the current system of allowing unelected banking elites, decide how our economy is going to go, by creating money out of nothing, is a one way road to disaster (where we are heading now).

I personally favour a number of competing methods of currency. The one I would choose, is the one that provably has value. That means being backed by real wealth or commodities. That doesn't just mean gold for me (as I personally don't value gold as much as some). Other commodities could be used though and even the fiat system, as long as people are willing to trust the people running it.

More evidence that out media are establishment whores!

I'm sitting in a hotel in Yorkshire today, celebrating my 35th Birthday all alone. True, I did have a good full English, but I would rather be with my wife right now!

Anyway, I am watching the sheep fodder known as "news". The usual fear and panic over the credit crunch is on Sky News. They are almost indignant that the Congress rejected the robbery of 700 billion dollars. Yes robbery, because at no point has ANY US taxpayer voted for a party that advocated such a policy.

The shills at Sky have decided that it is the only way though. They say the reason it was rejected, is because the American people are too stupid. Too thick to understand the true nature of economics. They just don't understand how they will suffer, because of this.

Oh but I think they do. Check out Facebook. Look at Youtube and by FAR the most intelligent comment, comes from those that OPPOSE this daylight robbery. They realise that the pyramid selling scheme, based on fiat currency, huge debt and a clique of bankers pulling all the strings, is not a good system. Trusting the same morons who put us in this mess, to get us out, by papering over the cracks is not a solution.

So screw you Sky and the rest of the pathetic lap dog media we have to endure. However, I don't for a minute think this is over. Indeed, I suspect they are playing the usual games, with the same old boys knowing EXACTLY when the robbery will take place. They can play the markets like a cheap fiddle and steal a few trillion more from a gullible public that way.

Time for a revolution? You bet. We need to shake every last power whore from the tree. Every single one that thinks stealing is O.K. and that people should be told how to live their lives. Then, just then, maybe we can get back to a realistic system that rewards hard work and innovation.

Oh and by the way, yes I am watching my pensions and investments shrink. Foolishly I believed the wisdom passed down from the establishment. I don't care though, because I would rather see a world based on freedom and honesty, than the sack of shit we are being offered at the moment.

Why isn't this guy president? (Ron Paul).

Ron Paul called the crap that is happening now ages ago. If the USA wants to stay free and prosperous, they had better get his arse into the Whitehouse ASAP.

Panic, fear, scaremongering

Sorry for not positing much over the last couple of weeks. Firstly I was in Morocco, in a unique attempt to lose some weight. The way it works is that you go out there, eat some food, then come back and are ill for days on end.

Also, I have been working my arse off too, which is good, because it takes my mind off of all the mass hysteria being rammed down our throats at the moment.

This whole credit crunch has had a whiff of design to me, but then I don't trust the government with anything any more.

We never have had truly free markets or capitalism, yet that is what is getting blamed by the puppets in the media at the moment.

The fact governments are prolonging the pain, by artificially propping up the whole house of cards, with even more stolen (taxpayers) money, is hardly shock of the century.

Personally, I have lost a shit load, if I had to sell today. I don't so in reality I have lost NOTHING, so that's the attitude I am going to take. I pity those not so fortunate, who built up huge debts they can't service, but then that was always a dumb thing to do.

People who are losing their jobs I have more sympathy for. Through no fault of their own, they could be out on their ear, because of the stupidity of their companies bosses. It would be nice to see some account for these people, but I wouldn't hold my breath. They are the same people who push cash into the political party's, meaning they have nice get out of gaol free cards. Only the taxpayer can expect a good raping in these times.

Pensions are plummeting (including mine), but then I wasn't banking on retiring soon. Anyone who is just in that zone, where their funds haven't started being pushed into cash, must be feeling terrible. My sympathy lies with you. You tried to save, were robbed all your life and now will be left to beg the same vessel that put you in that position for money to live on. Big government really is just like a crack dealer. They will get you and fuck you over in the end.

Still, make the most of today's "rally", because the long term pain to pay for it will be severe, VERY severe. People might want to consider starting to make plans to get out of this country now for starters. Get your money (that you can access anyway, not like your pension funds) and run. Run like the wind, because socialist hell holes like this will be the worst. When the crack addicted layabouts who have never had to work. When the mass of public workers can no longer be maintained. When the private sector shrinks, under the strain for mass regulation and over-taxation.

This country will be like Mad Max. I don't fancy that personally, but I still can't persuade my wife that its do or die now. So see you in the Thunderdome. 2 men enter, 1 man leave.

Stunning political analysis of the state of politics in Britain and the EU

Really, this is so spot on.

Peter Hitchens on top form.

Daily Fail

There is no such organisation as ‘Al Qaeda’. The spooks know this, Cabinet Ministers know this and so do the ‘security correspondents’ who so readily trot out the spooks’ point of view on our broadcasting networks.

Of course, there are terrorists, and there are also fantasists, fanatics, low-lifes and camp followers who plot and attempt horrible things. Some of them even call themselves ‘Al Qaeda’ these days because they have learned that this is a good way to scare us.

But, while they are a menace, they are not as big or as organised a menace as the Government likes to make out.

Spot on. The government lives off of fear, whether that be terrorism or global warming. They love having a stick, with which they can beat the ordinary working man.

This video brings into sharp contrast what deep shit we are in.

Ron Paul is spot on as usual. Listen to the little arsehole speaking for the US government though. If that doesn't send a chill down everyone's spine, then I don't know what will.

At least this guy knows his Fanny from his Arse

If only we had more people who would speak the truth. America has just been raped and told it is good for them.

WAKE UP!