Tuesday, 15th May 2012
Chairman: Today’s discussion is Europe in crisis. In my opening comments I would like to ask where are we really going? We can see crisis in the whole of Europe. It is not just smaller countries like Iceland, the first debacle when the credit crisis happened. There was also the Irish Republic, Greece, the Mediterranean countries. Italy, Spain and Portugal. And the government in Holland which one does not regard as a poor country by an stretch of the imagination. It has a large population and it had colonies all over the world. The Far East at times was known as the Dutch East Indies. Where has the money gone from all these former colonial empires?
Not only that. I think one of the issues being faced by the majority of the people living in Western Europe and North America is the austerity measures which are not a new thing. They have been promoted by the ruling elites. They have continuously done this for the last hundreds of years. When there is an economic crisis created by their friends, the ruling elite all work in tandem whether it is the banking and financial services fraternity, the military complex or the pharmaceutical companies all work together to disenfranchise the poor.
The poor are punished as much as possible during the current crisis. I don’t see the poor having any improvement in their living standards but the disparity between the rich and the poor has become more and more extreme.
I want to read a couple of lines from two interesting commentators. One lived in England two hundred years ago called Shelly. He wrote a poem the revolt of the slums: The earth’s entrampled multitude in hope of their own powers began to look. So really with the Arab spring and the movements that are taking place in Europe, the ordinary masses – whether it was the pots and pans revolution in Iceland which changed the government or what is happening in Athens and Madrid. The ordinary people are realising the power that they have in their hands.
Another famous poet Iqbal wrote after a poem after having travelled in Europe: Profit for one and debt for many. It says: though Europe is radiant with the light of knowledge the oceans of darkness are barren with the front of life in splendour, in seduction and in grace, the buildings of banks outsoar the houses of God. It is trade, in reality gambling. Profit for one for thousands sudden death. What a visionary Iqbal was.
Professor Rodney Shakespeare: The subject is Europe in crisis. It can’t be only the fault of Greece – or Iceland, Ireland, Spain (24% unemployment; over 50% among young people over half of whom will never work again). There are similar figures in Greece. You can look at all the other countries. Just take the UK where total debt as percentage of GDP is 450%. That is government debt, corporate debt and private debt. The bad one there is actually private debt. You get to that sort of level and it is unrepayable.
Mexico, the USA almost anywhere else you can think of. There are now bad signs in China and among the BRIC countries. But the question is why is the solution austerity and why debt. Here you have to take the mental set. The physical realities are still there. The fertile land is still there, the factories are still here, the technology are still here and the people wanting to work are still here. The physical factors are still here and yet you have a situation in which it is deliberately controlling and slowing the economies. At the end of that process the debt will still like on the populations as a whole and the economy will not have expanded.
And don’t just look at Europe. In the US there are 46 million on food stamps. They are about to cut 350bn away from food stamps and still maintain the extraordinary military expenditure which is half of the world total. True unemployment is 22% with 40% or more among blacks, Hispanics and the young. Real incomes have declined over last 25 years. Here you have the most extraordinary technical advances in history but something strange is going on. Student loans are out of control – they are over $1 trillion and in America there is a whole generation which will be in debt for the rest of its life. There are over 500 FEMA camps. These essentially are concentration camps. And the contracts to supply those camps have already been made. All of them are for the provision of services. It can be transport, it can be food at 72 hours notice.
The USA debt is now over the 100 percent figure. Once you go over the 100 percent figure it is completely unrepayable. During the 1930s depression the government debt as a proportion of the GDP was only 20 percent. If you pick a theme out of what I am going to say it is that the underlying factors for a collapse are worse than they were in 1929.
If I had to take one statistic to shake you regarding the situation in the USA I would pick this one. The Home and Security Agency is not the Pentagon. It is the domestic security agency. Two months ago they purchased 450 million dum dum bullets. They are banned from normal warfare. A normal bullet goes straight through you. It makes a hole. The dum dum bullet actually expands and makes a hole bigger than a cricket ball or the size of small football. It is all kinetic energy. Instead of going through it expands and makes the most ghastly injuries.
And 450 million dum dum bullets are to be supplied in the next few years. That is equivalent to one year of war in Iraq in 2004. They have taken the moves for a huge ongoing civil war with two bullets for every man, woman and child in the USA. They are expecting a ghastly civil war.
As for Greece, that is the one in the headlines. Its figure of national debt to GDP was 120%. It has now gone up to 165 or 170 percent. The situation is chaos because the holders of the debt were screwed and made to take account of about 70 percent. I don’t know quite where it is now. But after the austerity measures the figure will come down to 120 percent. Anything over 100 percent is not repayable. The whole of this austerity on Greece is a complete falsity from beginning to end. So what is Greece moving towards? At this moment they have failed to make a government and very onerously the president has called for a meeting which suggests they might have what is called an emergency government. This is code for something quite nasty. In this country it is the queen in other countries the president does have the power to declare an emergency and when that happens all sorts of things can happen.
In the 1930s every single country in Europe went fascist with two exemptions. One was the UK. We did not get rid of our king and make him abdicate because he liked an American divorcee. We got rid of him because he was a nasty, vicious, snobbish fascist. The other country was France. When France was invaded there was the Vichy government which ruled most of France.
Greece could be the first of the countries about to go down a non democratic situation. I say that what is really happening is the operation of the Kondratieff long wave. Kondaratieff was a Russian economist in the 1920s. He observed that there were lots of little cycles and they went into bigger cycles of many sorts. And then there were the super cycles. He prophesized the collapse of the Western economy in 1930.. He was wrong. It was 1929.
Kondratieff said there would then be a downward period over twenty years from 1930 – 1950. Then he said capitalist would revive again so they put him into gulag. Then in 1938 the success of Germany began to look as though capitalism was reviving the communists took Kondratieff out and on the argument that you always shoot the messenger, they put him up against a wall and shot him.
The long wave is a phenomena associated with the industrial revolution and with its associated banking practices and things have been made worse over the last 20 years – roughly since the fall of communism.
There were previous busts and periods of down wave but they were not fixed. In the past though you can say that the biggest factor in long waves is the build up of unrepayable debt. There are two other factors which we can tough on today. There are about 20, 30, forty of them. The second one is longevity. The Kondratieff Institute in Russia stated that it is the length of a human life which plays a large part. Once people have passed on and there is no real memory of what happened before then the situation is ripe for all the bad practices to start again.
The other factor which actually prolongs the cycle and delays its operation but makes it much worse in the long run is what we call Keynesianism. This is the borrowing of interest money and then spreading it generally speaking and not concentrating on the real economy and its spreading. That is one reason why the debt levels today are many times bigger than they were. In the fourth Kondratieff wave you notice that the spread in much longer. It is not a fixed thing. Its factors operate in many waves. But the problem with the fourth one is the levels of debt are totally unrepayable.
The situation has been made worse by these factors which have largely come into being since 1990. You have computerisation. You do not have normal market making mechanisms now. You have thousands, even millions of contracts being made every second to make a penny here and there You have front money which is frankly fraud done by Goldman Sachs and others and that has been proved. You have off balance creations. The inventor of that was an English woman Blythe Masters. The effect of these creations – derivatives are now believed to be over $500 trillion and the world GDP is $55 trillon. It only needs a tiny proportion of those derivatives to collapse and you will get in domino.
In 1997 Glass-Steagall Act which separated split banking into high street banking and risk taking banking was got rid of in 1994. It was a huge mistake. Banking reserves were got rid of on the grounds that banks always know what they are doing and they do not need to be responsible. Add to that corrupt lending practices and valuations on a scale which is utterly unimaginable and you have big trouble.
But the worst thing of all lies actually not in the banking practices but in the economists in our universities who know no economic history whatsoever, who are arrogant beyond belief and think that they are implementing something which is mathematically perfect and is always in balance which is efficient but all of whose outcomes are not just efficient but are just. This is an absolute outrage but that is the reality and behind the paralysis at this moment where – I am being charitable – the elites are not capable of adapting their thinking and seeing what is going wrong – is the tuition which is coming out of the universities. All the economists both in the West and in Islam have been told that it is perfect system which has its ups and downs but it will always come back in balance and its outcomes are just.
They never ever really go straight to the analysis of what part the banking system plays. That is not quite true. There is now one school which comes openly and says openly that the glory of the modern system is the banking system which creates money out of nothing adds, compound interest and always lends it for the purposes of efficiency and justice. That is complete and absolute nonsense. And they never address the issue of the spreading of the real economy. You can talk about the real economy as they do in Islam. But the fact of spreading the economy in which the producers and the consumers are the same people is the crunch market principle. It is understood by Islamic writers but it has nothing to do with the actual practices of Islamic finance and banking today.
If you want to know more on this you can go to my own website and you will find 53 false assumptions underlying main stream economics. I have dealt with only two just now. No other writers deals with this on such a scale. The find out about six or seven but in total there are 53. The whole thing is like a medieval people talking about angels on a pin head etc etc – completely false, completely unreal and completely out of touch with reality.
I have just come back from the USA and I want to say that there is now only one place in the world where there is new thinking which is addressing the issue right across the board. In this country naturally we have people who are distressed. In the United States occupy Wall Street. Everyone in their various groupings is being pushed by economic distress. There are solutions like lets have socialism, lets have communism, lets have more public spending but no one is really addressing the issue of why is it happening and what is the solution?
But the public banking movement in the USA is. That conference, and I must have been to at least 50 international conferences is the best one by far I have ever been to. The speeches are all on the website www.publicbankingin America.org/speakers.htm. There is a speech of a 12-year old American girl Victoria Grant. You might say she just learned the speech but the fact is that she actually understands it because everyone got hold of her and was questioning her. What was coming out of that conference was startling.
The point is that it is not just people crying in the wind and hoping something will happen. There are now at least 17 American states who are considering the issue and it is based upon a particular example in the United States. It has existed for 80 years but it has been keeping its head down. It is the Bank of North Dakota which does issue interest free loans for the real economy and for the spreading of the real economy. It is also a very conservative bank and it does not destroy the activities of the commercial banks.
At the same time North Dakota is the only state in the USA which does not have state debt unemployment is right down. And the answer is the state bank. Here is a summary of the conference:
You have a bank with large deposits like the Bank of North Dakato made double in the same way that other banks do but it does it more conservatively. Or it can get its money from the left hand side top section 13 Federal Reserve Bank of the USA 1913 which was intended to do this and has been used for this purpose. In Islam there are other sources.
But it doesn’t matter. The point is this: as long as when the lending is done there is a business plan and when there is collateral. You may charge an administration cost but with those provisos: the lending was always for the real economy, access to the real economy and the spreading of the real economy. These are principles which the Bank of North Dakota greatly expanded and its thinking greatly expanded.
Public banking is now the only spreading movement as far as I know of any substantial size. Others want to put clock. In this country it is shocking that you can’t interest the unions in interest-free loans for public capital . I don’t quite know why. I have reached the end of my time so I will stop here.
Peter Eyre: I don’t enjoy coming to London. I like it in beautiful Derbyshire but it is a four-hour flog down here. It took another four hours to park when I got here so I will probably get a penalty when I go outside. I am a very down to earth guy. I was going to bring a power point presentation and all the academia that goes with it but I don’t talk that way – I shoot from the hip. Assalam aleikum and good evening ladies and gentlemen. It is nice to see some ladies in the audience because at the end of the day it is the women that rule the world and without them life is miserable.
I guess we have to start off with what caused the financial meltdown in 2008 and what is continuing the trauma that we are encountering and what is the future? The first question I would ask is how many people here have heard of or believe in an organization called the New World Order?
Good we have one. We have one? Well you should know because every prime minister and every president has made reference to it on camera. So it is very much an up and running organization whose intention is to take control of the world. Their main function, through a geo-political plan, is to take control of the world’s natural resources, to control the markets for those resources and then to control the sealine routes the pipelines etc etc
So if you can picture an organization that has got the wealth of the finance sector in the palm of its hand which the New World Order has and then on the other hand they control all the natural resources, my friends, they control the world. And it is happening.
When you look at the Arab spring I am sure all the Islamic people here know the Middle East. I know the Middle East inside out. I fought there in the military and I have been back as a civilian. When I was in the military I was shocked and somewhat embarrassed at doing what I was doing. Then I saw the truth. There was no logic in it. This is not a fight for democracy, it is a very selfish, very greedy imperialistic regime and includes mass depopulation. It is Satanic in its very foundation.
What is causing the problem? Our friend here has already said that arms is very good business. It is the most lucrative business in the world. It is good to have a war because it puts the price of oil for a start. And they can sell all these arms and it is incredibly good business. So please understand – it is drifting off finances, but you have to understand the core thing behind it. Back in 1997 Paul Wolofitz was discussing taking out seven Islamic countries. Some of them have already gone. Would you believe Libya was on there, Syria is on there, Iran is on there, Yemen Somalia and Sudan and it goes on.
People were saying this can’t be. How can they be planning a war and conflict and this internal financial meltdown. This was planned a long time ago. It is a master plan that is still in situ. And what happened aftert 9/11. General Wesley the Allied Supreme Commander in NATO, Europe was privy to a confidential memo. He walked into the Pentagon. He had access to Donald Rumsfeld and all the other people who are the axis evil. And he was privy to a document. He said :What is all this about? Don’t give me to me because it is secret. But you can tell me about it. It says we are going to go to war with Iraq. And General Wesley Clarke said ‘I don’t know, I have no idea’.
So General Wesley Clarke went out. He came back several weeks later, saw the same guy went to see Dick Cheney and a few more people and this time he says: “Wesley its far worse, we are not taking out Iraq, we are taking out seven countries and we are also going to turmoil financially around the world
So my friends the Arab spring is a new world order plan. I call it the three ‘d’s and the ‘c’s. Deceit, deception, disruption , divide and conquer. And if can relate it to the main theme of the new world order is mass depopulation in addition to the financial meltdown which they control. So the financial meltdown of 2008 was no accident. It was a planned collapse. They have the ability to take out any country or company at will. And they are doing that. They are destroying the industrial base of this country in particular.
I can speak very proudly of my city which is Darby. A lot of people don’t know this. The industrial revolution started in my city. The first factory in the world is in my city. We had Rolls Royce. We had the finest railway technology centre. Now we don’t. And 50% of Rolls Royce production is being taken to Singapore. What is wrong? What is happening to this country. What is the European Union doing to it? Every corner we turn, every time we turn round and ask for a change in regulation we have to put our hand up to the European Union and ask can we do this can we do that? You have got to understand that the European Union is the template for the New World Order which in the future could change to the United States of Europe. You would have heard recently that Bahrain is now being pulled into Saudi like the United States of the Middle East maybe. We don’t know.
I want to put this into perspective. I am currently going through the Royal Courts of Justice on a case. I am starting from the bottom up. In America there are two more people. I am in with one guy here . We are going through the courts exposing massive fraud. The massive fraud goes as high as you want it to go including the current Prime Minister, including Tony Blair, including Gordon Brown, including half of the House of Lords and it goes on. And the royal family right up there at the top. But I have to be careful what I say because if you are anti the monarchy you can be arrested. Just as you cannot be anti-Semitic. So you have to chose your words with great diplomacy.
Intervention: What is the case?
Peter Eyre: The problem is I can’t divulge the case because it is ongoing. But I can give you a clue. We are exposing massive fraud. We are exposing massive illegal arms trading. We are exposing the fact that we purchased three nuclear weapons from South Africa who was not supposed to have them. We put them in an insecure arms compound in Oman and then the same arms dealer that sold them to the UK then went and stole them. But they can’t do anything about it because it was illegal. 17.8 million commission went to David Cameron who was only 24 years of age. He was on the apron strings of Margaret Thatcher. He went down with Sir Ken Warren and Dr David Kelly. Why did Dr David Kelly get killed? I think I have given you a clue already – he knew too much.
So the nuclear weapons were sold on the black market. We went to war over that. One million Iraqis have died for that. This is just the template. Now we will come down to finances. We have got counterparts in America who are uncovering fraud from the top down. We are uncovering fraud from the bottom up and hopefully the two parts will make a whole and we are trying to come together.
I talk a lot with them on the radio and I want to join up with them because they have got a case and we have got a case. The case is so serious both my group here and the group there are exposing the foundation blocs of the new world order: the Rothschilds and Rockerfellers. There is no point mentioning the organsations. You know what they are – the trilateral commission, everything. We are exposing how those are funded. So let us start off small, Image that you want to be fraudulent director of an oil rig or a gold mine somewhere – you don’t even know where it is. So you decide to do a wonderful power point presentation, a video and your bring the people in, the little old grannies who have a few million to spare, a couple of investors. Remember when you are talking about oil and gas you are talking about billions not millions.
So you target for New York or Paris for that little presentation to arrange six billion for phase one of the project. So you wine and the dine them – more wine then dine. So when they are slightly intoxicated and they part with their money a lot easier. So by the end of the night your audience, your investors have parted with six billion for phase one. Guess what? There is no oil company, there is no gold mine, there is no oil rig. It is a virtual company operating out of a boiler room and I could give you a list of them all throughout London. There are at least 300 very close to where we are.
A boiler room is a base for fictitious companies. So you can imagine names like Resources Oil or some fantastic name. You imagine a very premises with lots of technicians and a beautiful ornate reception when you go on in. Coffee. Sit down. It is like a garden shed. There is a common receptionist. Everybody has got a mobile phone for each company and that it is. So Joe Bloggs rings up. He gets his mobile out he talks to the investor who has just parted with a few billion. When he talks to him he is told that he overseas at the moment. They take a message and there is no feedback. So over a period of five years they give you good news – drilling is going well in the Falkland Islands or in Greenland. But no one is drilling at all. And half way through the five year cycle they start to give you the bad news. The oil price is not quite right or there is turmoil in the Falklands, there has been a war down there. There might be another one.
And the prime minister at the moment is pushing this. He is talking about these wonderful resources of oil in the Falklands. My friends, there is no oil. There are no companies. And now the Americans have come onboard. So if you can picture that in this country alone billions – trillions are siphoned out of the system, tax free. And so they are imposing austerity measure on us, they are depriving the poor of essential services, the hospitals etc. People are dying. Four hundred and fifty million on food coupons because if our serious fraud office and our politicians got their bum into gear, sorry ladies for using that word. But if our politicians got their bum into gear and pursued fraud we would not be poor because you would recover their property, their Rolls Royces and put it in the coffer.
So to give you some idea of the scale of this, my colleagues – and I can give you their names, I am British and he is an Australian guy. Keith Scott is an Australian living in America. He was privy to an organisation called OITC which is now defunct. The office of international trustee control. They basically controlled the Reserve Bank of America. So these people were siphoning off all this money. So my colleagues who started from the top down found a spider’s web. But we still have to find the spider. If you don’t find the spider he is going to spin another web. So what is the spider? The spider is Rotschild. What is the axis of evil? It is not in Iran, in is not in South Korea, it is right there in London my friends.
Chatham House is one such place. I went to speak on radio the other day on the Voice of Russia and it is, God forbid, right next door to Chatham House. So I start very controversial things. Just to think about. Our friend says that the total American debt is $16 trillion. That in actual fact is incorrect. It is probably three times that but publically it is 16 trillion. It is only a figure. Print off a few more bank notes.
Did you know that the Obama regime transferred 15 trillion dollars from America in three separate tranches to the HSBC in London that was then subdivided and sent to RBS and it simply disappeared. 15 trillion. If you talk about how much that is. If you spent a trillion every minute of your life you would never spend it. And that is the sort of figure you are talking about. So when you start exposing it it is very dangerous. I have been threatened very publically recently. I know that the third party involved has got a military sniper rifle. I have got a picture of it but the police do nothing. Some of the police are good and some are bad.
The people who run this country are so fraudulent. The prime minister should be in jail. Gordon Brown should be in jail and Tony Blair should be rotting in hell for life for what he has done.
So what are the figures that we should be talking about? This court case with Keith Scott and Neil Kennan we are coming from the bottom up and they are from the top down. The New World Order offered them an out of court settlement for $22 trillon. Think of it. If that is just a pay off, nick off, don’t talk about it, imagine what they have in the kitty. This is your money my friends. This is the Arab spring. This is the Western spring. This is where it has gone. It has been ripped off.
So our case is related to this but from the bottom up. In America they have th spider’s web, the hierarchy at the top and we have done the same from the bottom, But we know the spider. The spider is Rotschild. And there are the European royal families. I can’t be more specific but read between the lines.
What is the future? There is a light at the end of the tunnel but I have to tell you that before things get better they have to get worse so there is a second financial tsunami on the horizon. We know J P Morgan is on the brink again. When they take our money and bail the bank out it is not used for the purpose for which it is given to them. They siphon it off and then ask for more or go bust. This is sort of ongoing.
So you have this situation which is totally reversible. And what is happening in the background is that there were foreign ministers from 57 countries that got together and decided enough is enough. We know there is going to be another tsunami. This next tsunami could well wipe out Europe and could wipe out the euro which is basically what they want. They want to impose their own governments.
When they take out a country like Greece who is in Greece now? Who is Italy now? The IMF. Who are the IMF? The new world order. What is the UN? The new world order. What is the military arm of the new world order? It is NATO. Do you get the picture. You are totally surrounded whichever way you go it is the New World Order. But there is light because after the next tsunami which could be a disaster for the UK and the whole of Europe the people may take to the streets.
You have to understand that the occupy movement have been hijacked. George Soros is funding that organisation now. So genuine people that go out to rally for a good cause have been hijacked for other reasons. They want you to be disruptive because when you are disruptive they have to call in the police. If its still disruptive they will call in the army and you have a police state and you have sown them up. Thousands and thousands of coffins have been lined up to be used against people like me and you and you and you because if you speak out that’s it.
