CALEDONIAN COMMENT

The Bank of England (above) rate-setting Monetary Policy Committe (MPC) voted yesterday to pump an extra £25 billion directly into the UK economy through its scheme of Quantitative Easing (QE) in a bid to end the longest British recession since records began. The extra funds will take the amount of newly printed money the Bank has poured into the economy to a total of £200 billion. The 9-member MPC, which also voted to keep interest rates on hold at 0.5%, received permission from Alistair Darling, the Chancellor of the Exchequer, to buy an extra £25 billion in gilts and other corporate bonds. In his letter to the Chancellor, Mervyn King (below), the Bank’s Governor said that while there was evidence that the economy could be starting to turn around, credit was still constrained as banks tried to repair their balance sheets.

What sophistry and puerile nonsense. Banks have done nothing but hoard this £200 billion of QE. They’ve also had a further £125 billion in taxpayer bailouts. And to top it all, in those few precious moments when they’re not calculating their latest bonus payments, when they deign to deal with customers, they’re still withdrawing credit from businesses and individuals. Even when they do offer loans, they’re at cripplingly high rates of interest with rip-off arrangement charges. All justified of course by the alleged need to “control irresponsible borrowing and repair banks’ balance sheets”. Well I’ve got a shorter description of the banks activity at present, Mervyn - it’s called PROFITEERING.

More British casualties in Afghanistan (above). This time, the gunman, posing as an Afghan policeman, killed 5 UK soldiers in an attack in Helmand province. He got away and was yesterday back with the Taliban, who reportedly “greeted him with flowers”, sources close to the Afghan security forces said. The killer – identified only as a policeman called Gulbadin – was back under Taliban protection, the source said. The Ministry of Defence named the 5 soldiers who died in the attack as Warrant Officer Darren Chant, Sergeant Matthew Telford, Guardsman James Major, Acting Corporal Steven Boote and Corporal Nicholas Webster-Smith. Military officials said the men were shot as they drank tea at a military compound in the village of Shin Kalay. And now the gloating Taliban, adherents of the ”religion of peace”, are saying Gulbadin “did a great job”. Let’s hope that when the SAS catch up with the cowardly, murdering bastard they do a great job on HIM.

The UK’s Chief Rabbi, Lord Sacks (pictured above), said yesterday that Europe was dying because the advance of secularism had made people too selfish to have children. Comparing its decline to that of ancient Greece in the 3rd century of the pre-Christian era, he said that the answer lay in the rediscovery of its Judeo-Christian religious roots. Lord Sacks said that Europe was the world’s most secular region and the only one experiencing population decline. He argued that civil society needed religion because it sanctifies the family and parenthood, and safeguards against relativism and protects the moral principles on which western freedom is based. The emphasis on consumerism and instant gratification has left little room for the sacrifice involved in parenthood, he said. You know, I always thought that Jewish Rabiis and Islamic clerics were worlds apart – but on considering Lord Sacks words, I’m no longer sure – both sets are all talking bollocks.

Leaked copies of an election victory speech written for defeated US Republican Vice-Presidential candidate Sarah Palin (pictured above) reveal that she planned to greet her husband as the country’s “first ever Second Dude” if the Republicans won. And even her concession speech was blocked by running mate Senator John McCain, after it was discovered that she wanted to tell her husband he could “get ready for championship title number 5 in the Iron Dog snow machine race”. A new book about the former Alaskan governor, “Sarah from Alaska”, recounts how her team clashed with that of Senator McCain on stage in his home town of Phoenix, Arizona, over making the speech – with McCain aides resorting to switching off the lights to prevent her from speaking. Now I don’t know exactly how religious President Obama is – but I’m sure he must be praying that this cretinous woman wins the Republican nomination in 2012 !

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This entry was posted on Friday, November 6th, 2009 at 1:01 am and is filed under Daily Posts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.