Time to abolish the UK’s last “rotten borough” – the City of London Corporation
Posted by:
Nick Shaxson
in:
Thoughts
I don’t have time to blog this right now but I don’t need to: you can read this new article by John McDonnell MP in full in the New Statesman, here.
I say you “can” read it: no, I mean that you should. For this strange prehistoric institution is, as he says, “something more than the organiser of a good pageant in the Lord Mayor’s Show.”
The article is in itself a plug for the new film “Secret City” – see http://secretcity-thefilm.com
I hope screenings of this movie will become a rallying point for a new/revived campaign to reform the City of London Corporation. If there are others who have already organised such a campaign group, please let me know!
mittsky moment?
GREG PALAST: But these documents reveal that a government bailout check was in fact cashed by none other than Ann Romney. It says that Ann Romney had a hunk of Mitt’s vast fortune in Elliott Management, Paul Elliott Singer’s vulture fund. Working our way between the limousines in front of his office, we wanted to ask Mr. Singer about his special financial deal with the Romneys. But he turned us down. The Romney campaign refuses to tell us exactly how much they made from the bailout, nor reveal their 2009 taxes.
ANN ROMNEY: We’ve given all you people need to know and understand about our financial situation and about how we live our life.
GREG PALAST: To cover up their payday and avoid taxes, the vulture funds have moved the headquarters of Delphi from Michigan to Jersey—not New Jersey, but the Isle of Jersey off the coast of France, a notorious tax haven.
http://truth-out.org/news/item/12211-mitt-romneys-bailout-bonanza-how-he-made-millions-from-the-rescue-of-detroit
A global crisis – forecast…
My letter is about the next stage of the current crisis. Now about my forecast accuracy – as I chose a job in Scotland in 2005, I have been thinking about this crisis; I knew, that it is unexpected and that it lasts until 2020. Nouriel Roubini predicted the twelve stages of current crisis, I predicted the first eight stages – how it will start and develop in USA and UK, but I didn’t predict that it covers the whole world and in 2005 I knew that 2020 China will be the largest economy in the world.
Global debt and derivatives market is like a gigantic house of cards, if you take a one card or a one big bank out, you are having crash, as show 2008 crisis, now this gigantic financial house of cards is very fast growing – FINANCIAL IMPLOSION: Global Derivatives Market at $1,200 Trillion Dollars … 20 Times the World Economy
http://www.globalresearch.ca/financial-implosion-global-derivatives-market-at-1-200-trillion-dollars-20-times-the-world-economy/
USA, UK, EU and Japan are trying to fix a this gigantic financial bubble or a house of cards by printing the money: trillions dollars, pounds, euro, yen, it is visible part of this crisis and there is invisible part – the tax havens, where is 21-32 trillions $ – main reason for this crisis and the biggest danger now.
A dollar crash is inevitable, as now is going the four processes, which can not be stopped:
1. The ever worsening economic situation in the world, because has been not eliminated a main reason for this crisis – the financial black holes – tax havens: sixty years ago, USA companies accounted for 32.1% of the federal tax take, but by 2009 that proportion plummeted to 8.9%, over the same period, the burden on ordinary workers (paying standard payroll tax) soared from 10% to 40% of all federal tax receipts, according to official data, the same processes took place in all developed countries and the tax havens sucked from world economy 21-32 trillions $.
2. The decreasing dollar market share.
3. The protectionism, the regulation of investment, prohibition to sell the most important companies and more and all these measures have been taken to guard against the dollar…
4. The global system of the tax havens is becoming every year bigger and stronger and more influential, it is practically impossible to reform it now, as show the tax havens history.
A only way to reform the global financial system and central part of it – the tax havens, is crash, a only one question is when?
More…
http://remy10.blog.com/2012/09/10/a-global-crisis-forecast/