OCTOBER MEETING

Below is the bulletin for our Wigan Group meeting next Thursday, held at the usual venue and time .
The Party is making great strides at presentbut we must keep the pressure up.
Please try to attend if you are able.

TIME TO THINK

In religion and politics people's beliefs and convictions are in almost every case gotten at second-hand, and without examination, from authorities who have not themselves examined the questions at issue but have taken them at second-hand from other non-examiners, whose opinions about them were not worth a brass farthing. (Mark Twain)

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them; and these will continue till they have resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they suppress. (Frederick Douglas)

"In political speculations 'the tyranny of the majority' is now generally included among the evils against which society requires to be on its guard. Society practices a social tyranny more formidable than many kinds of political oppression, penetrating much more deeply into the details of life, and enslaving the soul itself. Protection, therefore, against the tyranny of the magistrate is not enough; there needs protection also against the tyranny of the prevailing opinion and feeling; against the tendency of society to impose, by other means than civil penalties, its own ideas and practices as rules of conduct on those who dissent from them." (John Stuart Mill)

"I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue!" (Barry Goldwater)

"The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth becomes the greatest enemy of the State." (Dr. Joseph Goebbels)

"Ideas are more dangerous than guns. We don't let our people have guns. Why should we let them have ideas?" (Josef Stalin)

If you will not fight for your rights when you can easily win without bloodshed -- if you will not fight when your victory will be sure and not too costly -- then you may come to the moment when you will have to fight with all the odds against you and only a small chance of survival.There may even be a worse case: you may have to fight when there is no hope of victory, because it is better to perish than to live as slaves. -(Winston Churchill)

Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote! (Benjamin Franklin)

Morg

WHAT AM I MISSING?

I may be a bit thick on these matters but I am unable to understand some of these financial matters.
If the banks have lent up to 30 times their deposits this money can not exist. The money given to the banks by the government can not possibly cover these phantom amounts. The RBS has potential liabilities of £2.4 trillion, double the gross national product of this country, and that's just one bank.
If the money was used to secure the money owed by the banks to depositors the money owed to the banks could be written off. The assets , houses and businesses would still be there. This would stop people being made bankrupt or losing their houses or savings so everybody apart from the banks would be better off.
I'm probably missing something but it seems stupid to raise taxes to secure money which does not exist and which could never be enough in any case.
Gordon Brown's miracle rescue after an initial boost to shares does not seem to have impressed the stock market as prices are down today. Unemployment has begun its inevitable rise.
Hard times are only just starting as we pay for the folly of the Labour and Tory governments.
There is only one party fit to run our country and it certainly isn't the above two.

BUT WHAT AM I MISSING ? Please help me understand.

A FANTASTIC SPEECH

An excellent meeting was held in St Helens last night with Nick Griffin as guest speaker. His talk was topical being mainly concerned with the "credit crunch" and what the BNP would have done.
The first thing we would not have done (to quote the Irish man) would not to have been starting from here. The unregulated greed of the bankers played a big part in the crisis and Nick explained the danger we are in having had our manufacturing industry destroyed. This meant that when the shuffling of pieces of paper around ceases to be profitable we have little to fall back on.
He also explained that although there would probably be a slight recovery it would be temporary and there were still many hidden debts which would haunt us in the future. Also taxes would be increased to pay for the banks rescue.

Nick has an uncanny knack of forecasting problems before the "experts" see them and his detail of the trough the country is in is somewhat worrying. However the financial scandal has shown the incompetence of the other parties and people will increasingly realise the other parties have no viable policies and that only we know what to doand our support will grow.

SO IT'S NOT ALL BAD.
His immediate solution was in some ways similar to the one I suggested in my last blog, namely protecting small investors mortgagees and businesses and let the bankers bear the losses they caused.

Afterwards there was a question and answer session where he gave his opinion on a variety of topics from foreign lorries to accomodation for soldiers to party image.

I have made a DVD of the speech. If anyone wants one please ring me on 01744 892430, or come to our next meeting on Thursday 23/10/08.

Nick's speeches are always inspirational and I feel it a pleasure to meet someone whose opinions I so closely identify with. To have your party leader as that person is something few people in other parties can imagine.

THE CREDIT CRUNCH

The recent financial turbulance which is affecting the country was foreseen by members of the BNP for several years.

It was obvious that the excessive borrowing which had taken place under this and the last Tory governments could not go on and the economy would hit the buffers at some stage. Unfortunately this reckless spree has meant the decimation of our manufacturing industries and means that we owe countries such as the middle East states and China vast amounts and we have little to pay them with.
They certainly will not accept our worthless pieces of paper and will be hovering around to take even more of our remaining assets.
Gordon Brown blames America but if he had saved during the bad times and controlled the City's excesses we would have been in a much stronger position to stand the crisis.
The global economy, much loved by the other parties, when it becomes unstuck brings all the countries involved down like dominoes. Hopefully even the politicians can now see the downside of this stupid idea.
Also it doesn't say much for the patriotism of local authorities to invest in Iceland or their common sense. They should have kept their money in Britain to help British business.
BUT
What should we do?

Well not what the government is doing.

All in all they have pledged over £600 billion to the banks who are still charging 10% above the base rates for loans in order to build up their capital.
Why should we build up their capital? Does it matter if they fail? The situation could hardly be worse.
Surely as the government is guaranteeing deposits up to £50,000 and the bank's shares are almost worthless there is no need to help the banks. Why should we bail them out?
The government should instead set up a National British Bank with the £600 billion and give loans at reasonable rates to mortgagees and business, and not the 15% they are now charging. Reckless investments would be stopped and any profits would accrue to the state.
The banks want the losses nationalised and they keep any profits.

I say with the £600 billion injection we should do the reverse and let them keep the losses which they caused while the taxpayer, in return for our investment should have any profits.

That's my opinion, but them I'm no expert (but I did see this coming years ago although the speed of it has meant that I have lost out with the bloody HBoS which I thought was safe).

What do you think?

JUST DISCOVERED THE DAILY MASH AND CAN'T STOP LAUGHING

THE government is to invest £500bn of your money in British banks so they can lend it back to you with interest.

The historic move is being hailed as a lifeline for the financial system as long as nobody asks too many questions.

Julian Cook, chief economist at Corbett and Barker, said: "The government will give your money to the banks so the banks can start lending you that money, probably at around 7% APR.

"Thanks to all the interest you're paying on your own money, the banks will make billions of pounds again and normality will be restored.
"After a few years of this the government will cash in the bank shares it bought with your money and use the profits to build a huge fucking dome somewhere."

He added: "In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot."

Chancellor Alistair Darling said the decision had been taken in tandem with the banking industry, adding: "They used a lot of dirty words I'd never heard before and one of them had an angry looking dog."

Meanwhile, Emma Bradford, a sales manager from Bath, said: "Why doesn't the government just give my money to me so I can buy stuff from businesses who will then make a profit and put it in a bank?"

But Mr Darling insisted: "Shut up."
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From the Daily Mash:

http://www.thedailymash.co.uk/news/business/banks-to-lend-you-your-own-money-200810081308/

http://www.thedailymash.co.uk/news/


Morg

SUB-EDITING MINEFIELDS

I think the sub-editor writing the headline for this story might have had a nervous moment or two.

http://www.wigantoday.net/wigannews/Jobs-blow.4558155.jp

Morg