On October 1st it was reported that the UK Prime Minister Gordon Brown was to take advice (for which read “instructions”) on how to handle the banking crisis from bankers from UBS and N M Rothschild. I commented last week on the irony of this announcement.

Two days later it was announced that the odious Peter Mandelson, architect of “New Labour” and labelled the “Prince of Darkness” for his shady political and personal wheeler-dealings, is to return to the Cabinet as “Business Secretary”.

Exactly what this person knows about business is difficult to say, seeing that he has never actually tried to run one. His main claim to having any business acumen is telling lies on his mortgage application form. [In 1998 he tried to borrow £150,000 to buy a house without disclosing to the prospective mortgage lender that he already owed £373,000 to his colleague, the Postmaster General of the time, Geoffrey Robinson.]

Another strange thing about his appointment is that he and Prime Minister Gordon Brown are well known to hate each other. So why should Brown recall him to the Cabinet, from which Mandelson has had to resign twice owing to being caught out acting in a dishonest manner? And when on at least one of those occasions it was Brown himself who was behind Mandelson’s exposure.

Undoubtedly it was as a result of the “advice” given to Brown by the likes of the Rothschild bankers. Mandelson has had a charmed life and is just the kind of person the global elite like to use to make progress in their hidden agenda. His grandfather was Herbert Morrison, the Labour politician who was a conscientious objector in the First World War but who when he was himself safely out of the age group liable to be called up was placed in charge, in the Second World War, of conscripting young lads to fight.

On the bright side, it’s more than likely Mandelson will be caught out again before long in some act of sleaze that will again force him to resign from the Cabinet. Unfortunately, though, he will be able to retain his meal ticket for life in the form of membership of the now completely discredited House of Lords.

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A lot of people are talking about the world being on the brink of a precipice, with financial meltdown coming, and so on.

In the USA George Bush and his cronies are still (Friday Oct 3rd) trying to get their $700 billion bill through the House of Representatives and so save the system. The Republicans, jittery about being re-elected in a few weeks’ time, balked at it, seeing that it was provoking outright anger among ordinary Americans. Why should they have to pay higher taxes to save the greedy parasites of Wall Street?

And why $700 billion? Have Bush and the rest really sat down and done their sums like they’d have us believe? The truth is that nobody knows how much would be needed to prevent the tottering structure from crashing for the last time. We’re witnessing a chain reaction and nobody can say for sure just how far it has yet to go.

But they’ve convinced themselves, if no-one else, that this is the figure that will work the miracle they need. After the Bill was thrown out the first time, they’ve done a little tinkering and are trying again to get it passed by saying, in effect, “We don’t need the money all at once, we’ll just have $300 billion now, another $300 billion a little later, and then the final $100 billion after that and only if we really need it.”

Yeah, right.

Here in the UK, Prime Minister Brown is considering another bailout for the banks here, matching the Irish Government’s plan to guarantee all bank deposits with taxpayers’ cash. He’s shown us over the last 11 years he’s very good at spending money. Not so good at earning it though, except for himself.

In desperation he’s called in bankers from UBS and N M Rothschild to advise on his bailout plan. Can UBS be the same bank as that of the same name that has taken writedowns and losses of $44.2 billion (£24.8 billion) since the credit crisis began last year? And that is now slashing 8,900 jobs?

And as for N M Rothschild advising on the crisis, isn’t that like taking advice from the fox on how to secure the chicken run?

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