Category Archives: Global Magna Carta

The Global Magna Carta is a People’s Manifesto to uphold a Democratic process that empowers and supports the rights and beliefs of the citizens of all Nations, by adopting the following Core Beliefs as the foundation of all current political manifestos and actions, irrespective of political belief. Each party that adopts these Core Beliefs acknowledges, supports and promotes respect for this Planet and all its Inhabitants, no matter what Species, Race, Religion, Creed or Gender.

Grenfell Tower: Murder by ‘Austerity’

It is a week since we witnessed the horror of this human tragedy. It seems that since the Great Fire of London in 1666, successive governments have limited their concern for providing safe and secure habitation for the people under their care.

Grenfell Tower is a frightening indictment of political, financial and religious doctrines that are now no longer fit for purpose.

We live in an era of ‘professional’ politicians who, in leadership roles, care more about their power than the people. Our current Prime Minister initially ignored the survivors of this tragedy and then, urged by her advisors I am sure, sickeningly gushed over the families of victims of a terrorist attack just days later.

They are servants to global corporations who finance their election efforts and hence the continuing low turnout from voters, who know they are now limited in ability to sway political opinion.

Our financial system too, is outdated and in chaos. Every single aspect of the Grenfell Tower horror, from the blazing building to the rescue services (who did superbly), were affected by lack of financial resources and dwindling budgets.

‘Austerity’ is not a financial discipline, (to show we are being prudent), but a tool by which financiers can grab sovereign assets cheaply. We have seen this in Greece, where everything from their beautiful islands to even their water supplies have been sold off to private interests at knock down prices. This, from odious moneylending practices that create unrepayable debt and sovereign servitude – the very essence of how and why ‘Austerity’ is implemented.

Creating money is simplicity itself. When you and I take out a loan no money changes hands! A computer entry is placed in your bank account for say, £1,000 and a similar entry is placed in the banks account, showing that loan as an asset to ‘balance’ the books. No gold has been sold. No cash has been taken out of the banks vaults. It is simply created out of thin air, which we then pay interest on.

‘Austerity’ becomes a sordid joke as the amount of money put into the economy is dictated by the private banks, who have been authorised by government to run this very lucrative and controlling function of Society. Any amount of money can be supplied to Society but the banks only allow sufficient to keep us in permanent debt to them.

For evidence look at the trillions of Q E printed by the Federal Reserve in the US and the ECB in Europe and passed directly to banks to buy their bad debts, (created by lending money to people they knew could not afford to repay). That money bypassed Society, who were forced into the type of ‘Austerity’ measures that caused the horror of Grenfell Tower.

In Germany and other countries there are public banks, run by the local authorities who support small businesses and their community infrastructures – Health, Education, Police and Fire services etc. No wonder Germany is financially strong and why the ECB want to close them down and transfer their services to private banks.

Finally, in the past our traditional religious establishments have been responsible for the moral fibre of Society. In my lifetime, these values and power have been eroded by the growing worship of money and what it can buy, eroding integrity and moral fibre in the process.

The loss of power and influence of Western religions, in my opinion, reflects their inability, or desire, to bring their beliefs into the 21st century to reflect the world in which we now live. This failure, in turn, has diminished their ability to exercise any integrity and moral fibre over how our political and financial institutions do business.

This erosion of morality has resulted in the horror of Grenfell Tower. It highlights how ‘money’ desperately needs cheap labour but refuses to then take responsibility for looking after that labour, through the conduit of political policy and action which it so heavily influences.

We are in a whole new (global) world now, where antiquated taxes, political practices and a wholly unsupportive financial system* can be seen to be hopelessly out of place in serving Society’s needs.

What I am now looking for is a political party who can ‘repackage’ this country, by providing an infrastructure that supports the efforts of business as well as the community, providing transport infrastructures, premises, employees (as well as Health, Education and Community services for their employees, retirees and their families).

That infrastructure has to be paid for and that must come from creating public banks to service local authorities, together with a whole new tax system that ignores where a company’s headquarters are based but instead charges that corporation each time it uses our country’s facilities.

A ‘Transaction Tax’ that they and their customers pay on every financial transaction, from buying a hairpin to making a derivatives trade. Nothing is excluded because ALL use the infrastructure to make that transaction, in one format of another. You Use It . . . You Pay – no matter where you live and work from!

We need leaders with this sort of new vision, which addresses the many abuses Society increasingly face with current 18th century thinking. They must address global warming, the education and future of our young (do they have one anymore) and an ageing Society that has given us its support and now requires our support in return. Above all, they must urgently address the impact of IT upon future employment and create new employment opportunities for our young.

Society is getting more and more angry with each passing abuse that comes to light and that anger is waiting to be converted into the means by which we build a new and more caring Society.

Are there people out there who want to use their power to this end? Society is in desperate need now, to avert another Grenfell Tower.

 

Until the next time.

*This paper by Professor Richard A Werner D Phil (Oxon) University of Southampton – ‘Do We Need Central Banks’ – takes apart the global financial system in a comprehensive manner I have not come across before: https://professorwerner.org/shifting-from-central-planning-to-a-decentralised-economy-do-we-need-central-banks/

Brexit . . . and No World Ending!

Brexit photo

I am an eternal optimist but recently the news has been so negatively contrived as to deprive me of any inspiration whatsoever. However, a ray of light is at last shining through.

Two months have elapsed since Brexit and it would appear that the ‘End of the World’ heralded by the ‘experts’ as ‘Financial Armageddon’ and ‘The Economic Meltdown of Britain’, just hasn’t happened.

Here we are today and very little has changed. By that I mean that the corrupt global financial system is still functioning, after a fashion and the stock markets leaps to new highs that are underpinned by the nirvana of Neoliberalism – unlimited debt – instead of a more solid reality of economic growth through increased production and jobs.

“Have the ‘experts’ got it wrong againis now the cry? These people were as much ‘experts’ as you and I on the subject of the EU and Brexit, because neither have ever been tried before and so where is the learning and experience to make such facile judgements.

These ‘experts’ are people who have studied their specialist subjects and then sold that knowledge to the highest bidder, to support the propaganda of vested interest intent upon pursuing their agenda of a controlled unification of Europe.

This was the tactic used in 2008 to dupe us into being robbed of the money we have invested in providing Society with its essential support infrastructure for healthcare, education, benefits and pensions etc. We were not as aware then as we are now of the manipulative agenda of ‘Austerity’ and debt that has consumed us.

The fact that nothing changed after the bailout, indeed the banks have become more brazen in their abusive money lending and gambling, is now leading to another collapse that not only includes subprime mortgages but subprime car loans, to further feed the disaster.

Unsustainable debt is bringing large corporations to bankruptcy in ever growing numbers and political credibility, or lack of it, is demanding new leaders who care about people and Society in general, rather than profit and greed.

We are certainly seeing this across Europe, with new populist parties growing evermore popular and the likes of Bernie Saunders maintaining a strong voice in America, in spite of no longer being in the running for the Presidency.

What is so blatantly obvious, with Brussels move to try and become a ‘champion’ of social mobility and reduced inequality in its latest moves, is that they are not motivated by a care of the people but simply to try and counter the credibility of increasing numbers of populist movements that they may hold onto power.

Now we have the notorious TPP trade deal possibly ending, as France and Germany voice opposition to its implementation. I would argue that Brexit has made a serious contribution to this radical change of heart from the EU establishment, who previously just ignored the mass protest of the people. THAT IS TRUE DEMOCRACY AT WORK!

Not only that but Hollande and Merkel need desperately to win back favour with their electors if they are to stand any chance of being re-elected next year. (Isn’t it funny how we hear little of ‘clown Junckers’ at present. What a low profile he has adopted!)

If we then add to this the fact that Britain is bouncing back from the over reactions to Brexit, with manufacturing at a 10 month high in August  and UK business in general regaining its confidence after the post Brexit panic the pre-Referendum threats have been laid to waste.

Unlike Greece, who were easily cowered by vested interest, which has now reduced them to almost 21st century serfdom, the UK is the 5th largest economy in the world and in far greater demand by other trading nations. Although we have a way to go, it is obvious now that Brussels has had its wings clipped by Brexit and the arrogance that was inherent in their actions has now all but disappeared.

It is for this reason that I voted for Brexit. Not to break up the EU but to break the power of Brussels and return democracy to European affairs. Whilst France and Germany seek dominance over Europe, they have now scored so many own goals that we shall see how much longer the other members tolerate devastating mistakes such as immigration and negative interest rates.

We are in testing times, where the agenda of the few has taken a severe knock from which it may not recover, given public sentiment towards growing democratic abuses. Brexit could well be the catalyst that ignites a greater desire for freedom from autocratic rule, as it is seen across the world that we continue to maintain confidence in our future. A future we will have so much more control over and one that more nations may want to emulate.

Until the next time.

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes