Thursday, October 09, 2008

Comrade Banker

Bail-out deal means curbs on executive pay and dividends | Business | The Guardian

In a slight deviation away from the usual tone of this blog, I'm feeling amused and polemical after reading today's paper. It's interesting the see the moderate language used by the Government in relation to the banks that will be effectively nationalised with £500 billion of our money. City bankers will hopefully be looking forward to now being spoken to in the same manner as the rest of the much-maligned public sector "wreckers" in the words of dear departed Tony Blair.
Will City Bonuses be replaced with Public Sector Pay Freezes. Will the coke-snorting fat cats be seen giddily casting block votes at Labour Party Conference. Will there be beer and sandwiches at Threadneedle Street. Flat caps on the trading floor of the London Stock Exchange. Strong sweet Yorkshire tea in place of caramel lattes made from Black Mountain coffee beans. Will the tweed jacket with leather elbow patches so beloved of Geography teachers across the land become fashionable in the champagne bars of the square mile that will switch to serving best bitter. Will Fair Trade replace Free Trade. Will public sector solidarity mean that the City of London will rally to the aid of the Palestinian Territories and trading in Coca Cola suspended in support of murdered Colombian trade unionists.
Probably not eh?

3 comments:

James Madison said...

Its almost as if you think these "coke-snorting fat cats" didn't mean this to happen.

Had it ever occured to you that this is nothing more than a French Turn by the anarchist-guerrilla organisation Decadent Action?

Their 1997 manifesto (see Stewart Home's 'Mind Invaders') describes their main aim as "to destroy the capitalist system by a leisurely campaign of good living and overspending" they go on to say "We use the simple economic principles of supply and demand with their intrinsic link to inflation to establish our theories. The state must control these factors to run the economy efficiently; throw in the wild card of massive irrational overspending on seemingly random luxury goods and the government is unable to take control. This will lead to hyper inflation and large scale social unrest, leading to the collapse of the monetary system and disintegration of the state apparatus."

As Lydon closed the final Sid Vicious-era Sex Pistols concert in San Francisco's Winterland in January 1978: "Ever get the feeling you've been cheated?"

If they're snorting coke, it's off a CD of Chumbawamba's "Pictures of Starving Children Sell Records"

John said...

This is a highly plausible theory and I'm sure that Stewart Home would further add in something on the Occult geography of the failed financial institutions - possibly their relationship to the Canary Wharf Omphalos

Bill Aherne said...

Occult theories abound avout the collapse that we are experiencing. A delegation of Navajo, Hopi and Lakota warned Lehman Brothers stockholders of the dire consequences of their actions in 2001. In a rare move the Navajo, Hopi and Lakota delegation warned Lehman Brothers, after it acquired the financial interests of Peabody Coal, of the spiritual consequences of mining coal on sacred Black Mesa and the aftermath of Peabody Coal's machinations that led to the so-called Navajo Hopi Land Dispute. Lehman Brothers is now in the midst of financial collapse, with its bankruptcy producing a rippling effect throughout the world's economy.

The very economic system is an occult entity, based on quasi religious faith - it's a loss of this faith, and nothing more, that is causing the financial mirage to shimmer and fade. Ironically it was George Bush Snr who coined the phrase "voodoo economics" to deride Ronald Reagans free market, deregulating stew thsat lead inexorably to our present state.