Silver leaves....

So, 'tis the season of the back-slapping politicians. We had a crowd of

them in town last week, not sure (they all sound the same to me) but

I think it was the "Nice but Dimlebs. Never listen to their words now,

doubt many of us do, but I did listen to a guy named John Davies on

the local radio, he's my new hero, (well almost) I guess it's because all

that he said echoed my own thoughts.

    He talked mostly about the mess the banks are in, said quite simply

it started when Regan and Thatcher ( man that was hard to type) 

de-regulated them.  In simple terms this meant instead of being limited

to loaning out £10 for every £1 we put in, they could loan out £10,000

or what ever they wanted.... Hey, lets just trade in money, sod the miners,

sod the steal workers, sod any manufacturing industry, just give that lot

of peasants,  mops and buckets and call them the 'Service Industry"

      Most chilling of his comments were on the bail-out of the banks. He 

said the myth that this was done to protect joe public, wasn't a myth, it

was a lie to protect bankers and the politicians themselves. He said that

three years ago, the "casino' side of banks could have been left to go to

the wall with little or no effect to the public's money. Asked could we

still do this, his answer was ... yes ...

      I say Mr. Davies is almost my hero, but not quite, because there are

many guys out there that have the words we don't have, many that have

the where-withal to help us,  but don't... 

footnote....  though it hurts me to say it...

the act of bailing out the banks was not capitalism ....