For Shooting Bankers
By Craig Murray
October 11, 2012 "Information
- Not content with focusing public ire on those social
spongers who have the temerity to be unemployed or disabled,
government has scored a great populist coup, and caused great
rejoicing in the land of the tabloids, by decreeing that it is
quite acceptable to kill burglars with machine guns, rocket
propelled grenade launchers, tactical nuclear weapons or any of
the other items the British householder keeps by them for such
But if a burglar were to strip my home of its entire contents,
it would not reach a tenth in value of the money that is going
to be taken from me in taxation by government for the rest of my
life to fund the bank bailouts in which my cash was given to
reckless and incompetent bankers to cover their gambling losses.
Not only have they taken all my money, the majority of the money
I shall be paying to cover it for the rest of my life, will
consist of interest to the bankers because the government
borrowed at interest from the bankers the money it then gave
gratis to the bankers to bail them out.
And, as doubtless you will have noticed, nothing changed. No
reduction in massive salaries and bonuses, no split of casino
from high street banking, no transaction tax to deter multiple
speculative trades. A million more unemployed, but none of them
investment bankers – they have however sacked over a hundred
thousand mostly female staff from their high street branches,
which were the only sensible and profitable bit of the
operation. No bankers in jail, not even for LIBOR fraud.
Quantitive Easing, or printed money, is given not for
infrastructure projects to produce growth, but given to banks to
improve their liquidity. They do not lend it on to companies but
pay it to themselves, as bonuses.
Forget burglars. Shoot a banker.
Craig Murray is an author, broadcaster and human rights
activist. He was British Ambassador to Uzbekistan from August
2002 to October 2004 and Rector of the University of Dundee from
2007 to 2010.
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