Wednesday, 8 April 2009

Captain Mainwaring : Supreme Dalek. Strac!

There’s a Cold War American Military expression ‘Strac’, which officially meant: STRategic Army Command. STRAC units were those designated to be on high alert to move anywhere in 72 hours or less.

The unofficial meaning was ‘Shit! The Russians are coming!’

You can still hear the word used to indicate urgency in US medical dramas, as in: ‘Get me the BPM, O2, 2 mils of adrenalin, get the IV in and get that fat asshole Michael Moore outta my goddamn ER! Strac!’
These last few weeks, people whose opinions I respect in such matters have been scaring the bejeezus out of me and I may have to invent a new gusset-moisturizing phrase to adorn the already bejewelled English language.

Call it ‘STIBac!’

Shit! The International Bankers are coming!

As a kid, my experience of bankers was:

A) people in the 1960s and 1970’s to whom my Mum and Dad had to take some mysterious ‘books’, in order to get a new kitchen or double glazing, or

B) Captain Mainwaring, the pompous, small-minded, and parochial petit-bourgeois Home Guard leader in Dad’s Army.

How I loved him.

In later life, bankers came to resemble in turn: entrepreneurs who took advantage of Maggie’s new economic freedoms to build the financial services capital of Europe and possibly the world; the clerks who oversaw my pathetic student overdraught with their by-then-familiar contempt for its small size; the suited technicians who nurtured and farmed and fattened from the Mark One Mrs. Northwester’s love for home-improvements and her equivalent disdain for our mortgage repayments; and finally the computer screens and golden Hindu voices who recently granted me a second current account wherein I shall (briefly) deposit the huge advertising revenues that I expect imminently to flow from They’re Joking. Aren’t They? Soon Guido and Mrs. Dale; Cranmer and the Devils’s Kitchen will sit - awed and envious - at my feet; hoping to learn from my success. And how I shall laugh; laugh with my high, bright, beautiful laughter at their need and their pain and their unwanted love. But anyway.

More recently still the British bankers - and particularly our fiends in the North - have been the catspaws, or better; the barriers or spiritual condoms with which Mister Brown has done to our economy what the has done to it, and to keep his driving-force involvement in the housing bubble and massive tax expenditures and the consequent crash at arm’s length. Or at less than arm’s length.

Quite a lot less than arm’s length, I expect.

And now the bankers are trying to conquer the world.

The chorus starts modestly enough, with Ambrose Evans-Pritchard, whom I consider to be one of the straighter bats of the Telegraph’s Old Guard, noting modest steps towards a de facto world currency that’s neither Sterling nor the dollar.

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.

The Russians had hoped their idea to develop SDRs as a full reserve currency to challenge the dollar would make its way on to the agenda, but at least they got a foot in the door.

There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.

Note that part: “Conspiracy theorists will love it.

If Putin’s Russia wants Special Drawing Rights, I want them not to happen.

Now my economics studies for The PhD That Never Ended were more properly part of studying political economy instead of the Dismal Science itself. My understanding (if that is what it is) comes from prose argument about the nature of things and spontaneous orders from Hayek and Berlin and teeny tiny bits of von Mises, and joyously ploughing through the market-speak of Milton Friedman’s Free To Choose and the Scottish Enlightenment words of Adam Smith’s Wealth of Nations for fun, back in the day; when I was young and you could imagine the markets doing anything; given good laws and well-enforced property rights.

Perhaps the like of Mark Wadsworth or Capitalists At Work could come in here and chainsaw through my worries in minutes and show me and my pals that we’re being a bunch of ninnies. I wish they would, I really do.

But that ‘conspiracy theorists’…

Winston Churchill was called a conspiracy theorist for warning of the dangers of Nazism, and insisted that legitimacy could and should stand up to them.

Mrs. Thatcher and Ronald Reagan were consistently slandered and libelled as conspiracy theorists for stating that the USSR was rearming with expansionism and strategic blackmail on the agenda and that we could and should stand up to them.

Edmund Burke had of course been an evil counter-revolutionary with his silly fears of what might follow the early excesses of the French Revolution.

So, as I adjust my Bacofoil bonnet and preserve my precious bodily fluids secure in the knowledge that in my fear I may be in good company.

Same for the Single Currency – now the Euro, administered by what was formerly the European Monetary Institute and change into the European Central Bank which will turn into...what?

Look at how British federasts insisted until each fait accompli was in the bag on the way to here that good lord, no, there’s no way the Pound will be under threat by joining the EEC, EC, EU… remember how they shouted down, and still shout down, those who insist the ’Europe’ wants ever more power – and look at Sarko’s demands for Continental oversight of British financial services.

This is the most up-front essay being made to control banks and for the banks to control Britain's economy.

Even in the late 1970s when the Tory party was officially ultra European enthusiastic, some sceptic voices warned that ever-greater union might include a single currency and a central bank for Europe. How they were derided. But it didn’t take my Basic Xenophobia GCE O-Level at Suburbiatown Grammar School to make me recognise how much power economics and banking had over the government and the kinds of governments under which people live.

Maybe the lunatic fringe has a point, in the light of that?

Or try this..

China and Venezuela want to establish a petrol-backed currency to do down the dollar, and Iran is busily replacing the dollar with the Euro in its oil sales to add to the bonfire.

Then there are the advocates of Sharia finance to replace capitalism, and those who oppose it.

Joseph Klein of charts how at the United Nations, far-Left and Islamists are seeking to cut out the middle man and let the Third World loot the American and other taxpayers directly, no questions asked.

They’re all at it.

Last and not least, Sonus assures us that all the rest are flim flam or subsidiaries to the western bankers’ long-held plans to wrest all freedoms and political power from any connection with us voters and taxpayers and rule the whole damn lot like some Marxist caricature on Global International capitalism.

Sonus’ theory is in many ways potentially the most frightening, as it proponents – if that is what they are – are shadowy and hidden and so not as ostentatiously repulsive as Red China, Venezuela under Chavez, or the eschatological fantasists in Iran, let alone the dull-as-ditchwater nation-killers of Europe.

There’s a lot of historical background in the series of posts and it is as thoroughly researched as any enemy-centred website I’ve read – think of it as the Religion of Peace of dirty banking, or the Biased BBC of money, but lots shorter. Some of it seems very far out as we used to say, but it stands as a spectacular indictment of soft-currency usury as worldwide theft even you go no further with the personnel said to be involved.

I recommend it to anyone who’s not gone there yet.

If any one of these huge plans comes to fruition we could be sunk.

Scotland’s independence was in part sold for economic ‘stability’ after the Darien Scheme’s financial disaster.

Though I’m a unionist (because I think of my country as being bigger than England alone), I can get bang alongside the Nationalists’ feelings of revulsion against what their rulers did for money.

Britain and the West are politically and economically weakened and America’s governed by either a weakling or a Marxist - and we’re leaking if not sunk either way - and though we have much military fire-power left and at least some willingness to use it, there are other ways of skinning a cat. Our enemies really do hate us and want us under their power for a change, and if they can, why wouldn’t they use any power available to them to try it?

What’s stopping them?

Who pays the piper calls the tune. At the very least I’m afraid of the tunes that Chinese, or Saudi, or the IMF might call, because it won’t include God Save The Queen.

Get me a strong currency.



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