In recent days the Bank of England’s new
Governor has announced that future interest rates will be tied to rates of
employment. They will only rise when the unemployment rate goes down from its
current level of eight percent to seven and that’s official, with no word of
comment or opposition from any of the three main Party leaders. As far as savers are concerned
it means that the already historically low level of interest rates they’re
getting will stay the same for the next three years while the rate of inflation
will remain above it at between two and a half to three percent during that
time.
Most savers are elderly. People who’ve
worked hard all their lives, been frugal with their expenditure and thrifty in
order to put money away for their retirement. There are millions of them and
their immediate future is bleak. Their savings are being whittled away on a
monthly basis by the rate of inflation and what capital they had is being eroded
by rising prices and rock bottom rates of return for any investment they make
in banks and building societies. In short, millions of elderly people will
continue being hit for six by government economic policy which kicked in since
the Economic Crisis began in 2008 and will continue until 2015 at least. In
fact almost certainly beyond. And all this now has the official blessing of the
Bank of England.
The banks and building societies will
continue lending money for mortgages and business investment at rates varying between
four and five percent, yet savers will receive no more than one to two percent.
Another rough time for savers ahead in addition to those they’ve experienced in
the previous four years! The question is, who speaks for these people? Answer, NO-ONE.
For those once trumpeted by politicians as being the best of British, there’s now
a great silence. They’ve been coolly abandoned by all those ‘personal expenses’
rascals sitting in Parliament. And nowhere is this betrayal at its worst and
most smelly than that of The Labour Party and its current leader Ed ‘The Snail’
Miliband.
A word about this person for a moment. Of
all the people who should have had a concern about the plight of pensioners and
savers it is the leader of the Labour Party, but not so with Miliband. Not a
word of comment out of him in answer to the statement made by the Governor of
the Bank and for very good reason. That’s because he was part of Gordon Brown’s
Government responsible for the financial policies that caused the Economic
Crisis in the first place. As a Cabinet Colleague of his Dark Master, Miliband
went along with everything he did, collectively being one of the architects of
the great Bankers Robbery and City of London financial incompetence and
swindling. Didn’t you realise it at the time Ed, you supposed socialist
you (joke-joke), that when you let dirty dogs off
the leash they wind up shitting all over you and everyone else. And now
millions of people have to pay for what you and your friends did and the
largest class of their victims are pensioners and savers. Little wonder that
you’re keeping so quiet these days Florence. Open your mouth in any direction
and the Tories will point a finger straight at you. You and your political
mates are the one’s responsible for kicking the shit out of the poor and the
elderly. And they won’t forget you and your mealy mouth come the next General
Election. That I can promise you.
Now here’s a question for everyone who
wants a good job! What do you need to do to earn £100,000 a year for working
just two days a week? Answer, be a wife-cheating, lying, jailbird and former
major political figure like ex-Secretary of State for Energy, Chris Huhne! Like
so many of us, when I heard the news that this former main-line Liberal
Democrat politician had landed back on his feet after coming out of jail where
he’d served a much reduced sentence for getting his former wife to tell lies
for him to the police about his driving, I felt so heartened!
Dear old Chris. Getting a top job again? No
problem! And it didn’t take that long either! Before serving jail time he was
the Liberal Democrat Secretary of State for Energy. Now he’s almost back where
he started, only not quite! His good friend and former Lib-Dem political
colleague Ed Davey now holds the post but Chris is kind of there alongside him
working as the European Chairman of an American Energy company called ZilkhaBiomass Energy. No doubt, offering them his advice from the experience he
gained when in Government!
While his former colleague Ed Davey now has
current executives of the Big Six Energy Cartel working for him in his
Department, no doubt all worrying over those rocketing energy prices of recent
times, (joke-joke) Chris is dealing with energy concerns like carbon trading
all over again. So good to see another nice politician back on his feet,
especially after being banged up for being a liar. It’s easy when you’ve been
in the energy business you see. Getting yourself such a good screw for only two
days a week. Please Chris, could you tell me how you did it as I’d like some of
it too. I mean, did being a former Liberal Democrat Secretary of State for
Energy help or was it the jail time that did it?
Now as I prophesied last week, President
Obama has been willing to put at risk America’s diplomatic relationship with
Russia over their refusal to hand over Edward Snowden into American custody, instead
granting him political asylum. His first act in this direction was to cancel an
important meeting he was due to have with Russia’s President Putin. The
decision to grant the American asylum could indeed only have come from the top
so it was logical to give Putin the brush off. President Obama, head of
America’s totally bankrupt political regime gives the President of Russia the
brush off!
As everyone now knows, Snowden’s crime was
to reveal the activities and operations of America’s secret and secretive spying
apparatus that was mostly unknown to the country’s top politicians and hardly
legal at best. This was shock and surprise number one. The second was just as
great, making public the fact that America used the spying apparatus of
Britain’s GCHQ to obtain intelligence on countries currently our partners in
Europe. This led Germany and France to pull out of a long term Treaty with both
countries in respect of intelligence gathering given the now revealed major
breach of trust and a justified all round fury by the Germans and French.
Little wonder that the Americans want to get
hold of Snowden so badly and little wonder that they’re so peeved. Too bad!
You’ve been caught doing dirty things to your friends President Obama.
Betraying their confidence and trust. And you such a nice man and all. Such a
honorable freewheeling liberal. Only worst of all is that you’ve knowingly been
using your spying programs to unconstitutionally collect information about
millions of your own people without them knowing. And there was me and everyone
else thinking you were such a democrat! Not the kind of person to get hot under
the collar because someone’s telling the truth. I mean, isn’t it the American
Way to tell the truth at all times? Something that makes you so different from
those lying commie bastards, sorry I mean Russians!
So why get all pissy and peevish with the
Russian President for wanting to uphold some of the virtues of truth telling.
You can hardly blame him when an opportunity like that comes his way through
your own stupidity and deception. Anyway,
I thought that telling the truth was right up your street Mr Obama and not something you’d want to lock a man
away for!
Finally, I was never really good at
Geography myself so can anyone tell me where Bongo-Bongo Land is? I’m really
surprised you see because the only people who actually seem to know are members
of UKIP and distraught touchy-feely soft left radicals who’ve been frothing at
the mouth because a senior member of that Party recently used the expression to
describe a catchment area or place where British taxpayers money gets sent by
the Government to be spent by its various rulers on personal luxuries and jet
aircraft rather than for the benefit of its citizens. In short, Bongo-Bongo
Land is a kind of black hole. A place where hard earned money is chucked for no
good reason that could be far better spent on British citizens at home.
But the question still remains. Where IS Bongo-Bongo Land? Well given the spike
of irritation that accompanied the phrase coming mainly from ethnic minority complainants
and resulting in a deep fried apology from the necessarily humbled and penitent
UKIPER, the place is a kind of geographical catchment term for The Third World.
Countries with which Britain once had a colonial connection. It’s a 1950s
expression that initially referred to the islands of the West Indies where
small drums held between the knees were played to accompany music. Along with
Caribbean immigration to Britain during the 50s came the bongos. These drums
were never equally popular in Africa or South-East Asia but were more a symbol
of Caribbean culture. However the character of the symbol expanded when
Caribbean immigration became a precursor for a much broader movement from these
other continents and countries with which Britain had a colonial tie.
After such places gained political
independence during the 50s and 60s they were granted substantial financial aid
by Britain most of which was diverted into military, personal or political
expenditure by the new rulers or political elites of these countries and not
used for the benefit of their peoples as was thought. This resulted in huge
sums of British taxpayers money being wasted. Money that was given away for the
benefit of only a few. A process, it is argued, that still continues today.
Bongo-Bongo Land is not the Caribbean nor any discrete geographical place. It
is, as many of the people complaining well know, a metaphor for Third World
Government corruption, thieving and scrounging on the back of the British
taxpayer and a waste of their hard earned money.
Those
people who complained know very well what the rulers of their countries of
origin get up to yet they prefer to stay silent, criticizing instead those who
point to such political corruption and greed.
If Bongo-Bongo Land is the metaphorical
expression of a generalised black hole for the British taxpayer, then it ought
likewise to be a reason for genuine concern by former inhabitants for those of
its politically abandoned citizens who remained and are still badly treated by
their rulers today, so long after their independence.
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