Nick Griffin To Stand For East London Seat At Election

[pem123 10]

And You:hihi:

 

Hmm, I understood it. Probably couldn't have rattled it off myself, I must admit.

 

I do know that You in And you doesn't need to be capitalised, though

[BritPat 10]

Hmm, I understood it. Probably couldn't have rattled it off myself, I must admit.

 

I do know that You in And you doesn't need to be capitalised, though

 

Well that's my life in bits

[Guest sibon]

(Snip, loads of interesting stuff)

 

The economy is to be the servant of the Nation and not its master.

 

Thanks BritPat. That is interesting. It is also good to be able to debate such important issues.

 

I agree totally about the regulation of the banking sector especially their appalling leveraging. I'd hope to see similar sentiments in the manifestos of the major parties.

 

I can't see how we can possibly grow our economy using protectionist measures and bilateral agreements. In our highly connected world that is surely an impossible dream. The BNP policy calls for the "selective exclusion of foreign made goods" and says that "we will ensure that our manufactured goods are, wherever possible, produced in British factories". Now, I'm old enough to remember British Leyland. I've owned a few of their cars. I can honestly say that I prefer my German one.

 

Most of my favourite things come from elsewhere in the world. We cannot make electronic items as cheaply, or as well as far Eastern countries. It is simply impossible to put this policy into practice. Ban German cars from sale in the UK, I'll go to Germany and get one. Ban the Ipod and you would have a revolution on your hands. I understand that the policy says "wherever possible", it is my assertion that it is not really possible in many areas.

 

Similarly, renationalisation of the Utilities and centralisation of Education won't work. Huge, publicly owned organisations breed sloth. Look at the Civil Service for your modern example. The cost would be horrendous and the result would be a decline in the quality of service we receive. If the economy is to truly be our servant, it needs to run efficiently, but its spoils need to be shared more equitably.

 

It simply isn't possible to turn the clock back 40 years.

[donkey 10]

well thought out post

 

Well done, by evoking the loopy face you have truly dispelled the scurilous slur that BNP supporters are inarticulate.

[boyfriday 21]

BNP economic policy rejects neo liberal laissez faire capitalist model favoured by the LibLabCon Party, A model that commodifies everything, a house becomes an ever appreciating asset (pure fantasy) instead of a home, body parts and surrogacy are even seen as commodities and services to be traded on the open market, jobs are to be effectively sold to the bidder willing to sweat the most for the lowest wage, hence immigration and a permanent pool of unemployment to drive down the cost of labour. Public services sold off to the private sector by a so called 'Socialist Government' while their operating costs are guaranteed by taxation and the unprofitable sections remain in the public domain. Transport sold off to the private sector to farm the fares when the sector should be regarded as a strategic sector that influences the greater economy. The overwhelming reliance on the financial services sector for our national income, a sector the collapse of which was not merely forseeable but inevitable.

 

Banks with leverage factors of 10 - 50 ! The Banks knew it was unsustainable the regulators knew it was unsustainable Government knew that it was unsustainable, however, the profits while the mirage persisted were fantastic and there is no down side !!! when the mirage fades and the reality returns and turns to panic the Banksters are bailed out with our money by the Banksters wholly owned politicians.

 

We have to regulate the Banksters (Mandelson and Osborne yachting with Rothschild and Foreign oligarchs gives the lie to our mainstream politicians being in opposition to each other and in control of the Banksters and Oligarchs).

 

We need to organise the economy tight regulation of strategic sectors and or their public ownership.

 

Protectionist trade controls if in the National interest should be imposed, bilateral and multilateral trade agreements should be invoked instead of EU and GATT restrictions which bind us in a so called global optimisation at the expense of National optimisation.

 

A distributist economy with the greatest number of people having an interest in the economy rather than a handful of multinational global corporations having an overwhelming interest and influence on our economy.

 

A change in emphasis from Financial Services to High Technology industries

and manufacturing in collaboration with Academia and the research councils.

 

The economy is to be the servant of the Nation and not its master.

 

So BP, my very old friend , the BNP will reject neo liberal laissez faire capitalism?

 

What follows is a diatribe about what you believe that to be and the failures of the current administration, but no real reference to what the BNP's economic policy actually is, come on fella its pretty easy to knock down a failing wall, it's much harder constructing it in the first place, and it wont take the Big Bad Wolf to blow over the BNP's house of straw, which seems to be built on a foundation of State ownership and protectionism, do you remember why we moved away from that in the first place?

Edited November 15, 2009 by boyfriday

[BritPat 10]

So BP, my very old friend , the BNP will reject neo liberal laissez faire capitalism?

 

What follows is a diatribe about what you believe that to be and the failures of the current administration, but no real reference to what the BNP's economic policy actually is, come on fella its pretty easy to knock down a failing wall, it's much harder constructing it in the first place, and it wont take the Big Bad Wolf to blow over the BNP's house of straw, which seems to be built on a foundation of State ownership and protectionism, do you remember why we moved away from that in the first place?

 

I seem to remember that we moved away from it because it was deemed not to work at the time, we now have a most excellent system, The flagship of free market capitalism (The Bankster sector) having collected together countless mortgage contracts in the case of some of those of US origin, 120 % percent mortgages secured on a rapidly depreciating asset (no shortage of land in US) with the mortgager having no job and no other assets, the mortgages were then collected up, given a rating in exchange for a fee (that bore no relation to the quality of the contract(s)) and were securitised by being transformed into a CDO (collateralized debt obligation) and traded on international markets, commissions paid and collected every step of the way nobody needed to worry about the toxic waste in the pretty parcel until the music stopped, every one had an interest in making sure the band played on indefinitely thereby exacerbating the situation.

 

The spread of the risks coupled with ratings allowed the whole risk/reward scenario to be managed (NOT). Further safeguards included the faithful credit default swap (further negligence/dishonesty by National Governments and Markets) allowed the CDS to be sold despite the lack of reserves to back them up. We have compound fraud each step providing further unjustified confidence in the previous one. Governments knew markets knew our children will pay for decades.

 

The rescue scenario quantitative easing, Central Banks intervening in the Bond Markets using hypothetical reserves that will (hopefully) be offset come pay day ! meanwhile billions if not trillions are entering markets that have produced no extra goods or services which is by definition inflationary !

 

BoyFriday if my house is made of straw, you my friend, are stark bollock naked on a freezing gale swept moor !

 

I await your recommendations.

[Guest sibon]

I seem to remember that we moved away from it because it was deemed not to work at the time, we now have a most excellent system, The flagship of free market capitalism (The Bankster sector) having collected together countless mortgage contracts in the case of some of those of US origin, 120 % percent mortgages secured on a rapidly depreciating asset (no shortage of land in US) with the mortgager having no job and no other assets, the mortgages were then collected up, given a rating in exchange for a fee (that bore no relation to the quality of the contract(s)) and were securitised by being transformed into a CDO (collateralized debt obligation) and traded on international markets, commissions paid and collected every step of the way nobody needed to worry about the toxic waste in the pretty parcel until the music stopped, every one had an interest in making sure the band played on indefinitely thereby exacerbating the situation.

 

The spread of the risks coupled with ratings allowed the whole risk/reward scenario to be managed (NOT). Further safeguards included the faithful credit default swap (further negligence/dishonesty by National Governments and Markets) allowed the CDS to be sold despite the lack of reserves to back them up. We have compound fraud each step providing further unjustified confidence in the previous one. Governments knew markets knew our children will pay for decades.

 

The rescue scenario quantitative easing, Central Banks intervening in the Bond Markets using hypothetical reserves that will (hopefully) be offset come pay day ! meanwhile billions if not trillions are entering markets that have produced no extra goods or services which is by definition inflationary !

 

BoyFriday if my house is made of straw, you my friend, are stark bollock naked on a freezing gale swept moor !

 

I await your recommendations.

 

I agree with all of this.

 

You haven't answered the points that I made in post 40 about protectionism, re-nationalisation and the corrosive effect of having huge state operations running economically important institutions.

 

The banks are an easy target, just about everybody is angry about what they have done and what it has cost us. A lot of the other policies don't really stand up to scrutiny.

[pem123 10]

Well that's my life in bits

 

Just saying. If you're going to be an intellectual snob, you need to be whiter than white. No pun intended.

[boyfriday 21]

BoyFriday if my house is made of straw, you my friend, are stark bollock naked on a freezing gale swept moor !

 

...you're familiar with the Angel of the North?? If I were you, I'd move house

 

 

 

I await your recommendations.

 

..we seem to be distancing ourselves from the orginal point raised, which were the policies of the BNP in terms of economics, I think my recommendations would have no resonance with their hierarchy.

[BritPat 10]

Just saying. If you're going to be an intellectual snob, you need to be whiter than white. No pun intended.

 

You can't win here

 

Post an illiterate half sentence and we are condemned as knuckle dragging cavemen the obligatory fascist has to be added to of course.

 

Advance an argument and we become intellectual snobs !

 

I accept the censure re And You !

 

Bite me

[pem123 10]

 

Post an illiterate half sentence and we are condemned as knuckle dragging cavemen the obligatory fascist has to be added to of course.

 

 

My bold.

 

How delightfully self-fulfilling

[pem123 10]

 

Advance an argument and we become intellectual snobs !

 

 

No, imply that you need a Phd to have any credibility and assume that someone didn't understand some stuff you probably copied and pasted about economics and you become an intellectual snob.