Over 2,000 jobs a day are being lost in the UK. No doubt the figure is higher for the US and just as serious for most other Western countries.

One in ten small firms are at risk in the UK. Again, the situation is similar in other countries. The larger companies, of course, are responsible for most redundancies, and these include BT, Virgin Media, Yell, JCB, Vodafone, GlaxoSmithKline and Leyland. Three of these seven giants are actually productive companies producing real products, rather than just services.

Even the usual economic spokesmen quoted in the media agree that worse is to come. The unions are making angry noises, but they are powerless to stop the juggernaut of the recession as it wipes out profits, destroys traditional markets and unleashes a spiral of business failures, unemployment, home repossessions, bankruptcies and, tragically, suicides as well.

There is a huge human cost of this madness. No-one really believes that all the money being thrown at the credit crunch via “bailouts” will do anything other than cause a prolonged depression with huge tax and debt burdens.

Brown and Bush and the other leaders who have decided to “spend” (for which read “borrow”) their way out of recession have saddled their countries with generations of debt, just to try and borrow time and evade the terrifying consequences of the economic madness of recent years.

In the UK that debt now amounts to around £150,000 for every family. And that includes the vast number of single parent families. The UK and the United States and most of their corporations are effectively bankrupt, and no amount of further maxing out the national credit card will help bring about a “recovery”.

It’s a terminal condition. If stern measures aren’t taken now then the eventual crash will be so devastating as to destroy all Western countries and claim the lives of millions of decent, productive people without whom the world will be a far, far poorer place.

This is exactly what the self-appointed global elite want. If you dare check out this breath-taking video admission by Hollywood director and documentary film maker Aaron Russo (not himself associated with the plan, but to be commended on blowing the whistle on them) then you’ll see the sheer scale of the criminality we’re looking at here. They want a 50 per cent reduction in the world’s population and an excuse to electronically tag the survivors so as to keep them well under control and unable to offer any resistance to their enslavement.

Next time I want to talk briefly about the real alternative to what our cowardly and supine governments have done. And it doesn’t involve maxing out the national credit card.

Spread the word!

Philip Gegan

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For a simple explanation of how high finance is robbing you daily, visit our home page and download “Promise To Pay”, by Dr R McNair Wilson.

Hardly a month after the bailout we’ve all but forgotten about it. We’ve had the distraction of the US Presidential election in the meantime and now the media is concentrating our attention on how Obama is going to get his country out of the quagmire.

But don’t let us forget that the US government pumped over $700 billion into the banking system to save it from destruction. Actually the real figure, as far as we can establish, is around $810 billion, the extra $110 billion being for “sweeteners”, i.e. bribes and other underhand payments to ensure the whole package is glossed over and not subjected to unwanted scrutiny.

That’s a lot of money, and all the media can say about it is how it’s going to have to be repaid by our children and grandchildren, and will cause taxes to rise. That’s true enough, but the interesting point is about where this money came from in the first place.

It wasn’t the US government. The government is just the intermediary, acting as a guarantor that the money will be repaid to the ultimate lenders. It’s the same with all other countries that have adopted the same “solution” to the credit crunch.

Banks are over-stretched and losing money. Eventually they can’t afford to honour their obligations to either their own creditors or each other. They have to go cap-in-hand to the government for a “bailout”. The government gives them their bailout to the tune of hundreds of billions of dollars, which it borrows from the central bank, which in turn is owned by . . . private banks!

What a conundrum! Or is it? It only makes any sense when you realise that the banks that own all the stock in the Federal Reserve are not the same banks that have been forced to plead for government cash and accept partial nationalisation, as here in the UK. Although, of course, Lehman Bros is listed as a major shareholder in the Federal Reserve. So something’s going on that the media certainly isn’t going to inform us about.

We must keep digging until we get to the bottom of it all. In the meantime, download and read the classic “Promise To Pay” by Dr R. McNair Wilson, free of charge from our home page, and . . .

Spread the word!

With the preparation of a new US administration has come the in-word of the moment, “change”.

Such talk is meaningless if no-one is going to tackle head-on the root cause of the recent economic crisis.

If you really want to tackle the fundamental malaise afflicting Western countries, then you have to confront the private banking families that own and control the international banking racket.

None of the cosmetic changes likely to be introduced by a new US president will cut it. Having been financed to the tune of over half a billion dollars by the global elite and their banker friends, he is unlikely to upset them by making them relinquish the power and privilege they enjoy through their ownership of the financial system.

How much longer will the people of the Western world have to suffer through this insanely monstrous and unjust debt system?

Until enough people discover the truth and are prepared to take whatever action is necessary to put an end to this evil.

Spread the word!

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For a simple explanation of how high finance is robbing you daily, visit our home page and download “Promise To Pay”, by Dr R McNair Wilson.