How does a “movement” that gained fame for disrupting and critiquing the wealth and power of the billionaire class end up praising the logo on the tie of a BBC broadcaster awarded the Commander of the Most Excellent Order of the British Empire (CBE) at Buckingham Palace from the future King of England?
You’re not a #RebelForLife if you get on your knees for the Royal Family.
Especially not if you’re wearing an Extinction Rebellion tie!
This Forbes article (from March) discusses how philanthrocapitalists are absolutely falling over themselves to give XR money.
For more on the sinister side of Philanthrocapitalism, read Linsey McGoey’s No Such Thing as a Free Gift. It’s about the Bill and Melinda Gates Foundation.
This next article breaks down who signed the letter in The Times in support of Extinction Rebellion from the Business Community.
Wrong Kind of Green
Bayer, who made the gas in the WWII Gas Chambers, talk about air pollution on EU Green Week.
The Largest Oil Firm in the World was overvalued
The Capitalist will Sell you the Rope to Hang him with. – Lenin
The best way to control the opposition is to lead it ourselves – Lenin
Bloomberg has just shown that the May Government’s proposals to shut the Serious Fraud Office are part of the UK’s post Brexit offer of Corruption-as-a-Service.
UK territories already include tax havens like Jersey and the Cayman Islands, so why not go the whole way and get rid of fraud prosecution altogether?
Steve Middleton, Financial Adviser and Founder of Bank Confidential, says that if you’re an up-to-no-good financial services outfit, who would you rather be on your case, Hercules Poirot or Inspector Clouseau?
That is the current state of affairs in the UK with the FCA, Bank of England, City of London Economic Crime Police, Audit Firms, Law Firms, SFO and the revolving door with the Banks.
As long as regulators are muzzled and employees afraid to speak out, the culture of Omertà that financial journalist Ian Fraser has said exists in UK financial services will never go away.
A potential whistleblower has to jump through many legal hoops in order to get whistleblower status and all for very little reward.
See it. Say it. Sorted.
The government’s recent “See it. Say it. Sorted.” campaign applies to unattended baggage and foreign looking individuals,
Apparently wearing a coat now makes you a terror suspect… Especially if you look like a Jew as depicted by the Nazis pic.twitter.com/JNeOXRwpGJ
But as pointed out by the Bloomberg Report, the government’s entire post Brexit strategy is premised on suspect packages of cash making their way into the UK financial system with absolutely minimal questions asked.
The “See it. Say it. Sorted.” campaign is run by British Transport Police which reports to the Home Office.
Contrast that with typing “Speak up”, “Whistleblower” into a UK-based search engine. What you get is a fractured wild west of consulting firms all of whom are competing with each other to get private sector contracts to help companies deal with whistleblowers.
Senior Saudi Officials are in town this week. The type that hire American mercenary firms to torture their own cousins in American owned Marriott Hotels in order to extract $100 billion and show everyone who’s boss.
This would be equivalent to Amber Rudd hiring ex-Met Chief Phillip Hogan Howe’s new HSBC financed security firm to torture the previous Home Secretary Theresa May for a few months in exchange for her and her husband’s pension and most of their life savings.
Of course all talk of British made bombs being dropped on innocent hungry Yemeni children is off limits.
The UK is still angling for the Saudis to give clearance for Saudi Aramco, the world’s biggest oil firm, to float on the London Stock Exchange.
Such a transaction would allow for millions in commission to float through to the City of London and to the advisers on the deal – HSBC.
One of the main advantages the UK has over the US is that in the UK no-one will ever bring a lawsuit agains the Saudis for harbouring terrorists.
In New York, lawyers are licking their lips at the chance of winning compensation for 911 victims from Saudi Arabia as 11 of the 19 hijackers were Saudis.
If Gadaffi had to pay for Lockerbie than why not the Saudis?
So UK really is selling immunity as a service. The ultimate form of liberalism. We believe in a form of diversity that takes in acceptance of war criminals and genocide as well as mere guns, drugs and terror.
I interviewed anti-corruption campaigner and HSBC Whistleblower Nicholas Wilson during the last election and he explained the situation nicely:
Nicholas Wilson has blogged, tweeted and spoken about these issues and UK politics in general from an HSBC angle. The data he presents and the power mapping he has done points strongly to the systems that are in place to protect the UK establishment as well as transnational corporations at the expense of much human life and the environment. To those of you who are interested in political puppetry and the revolving door, I strongly suggest following his campaign.
You have to admire the chutzpah of these Tories. It’s all done in plain sight and they only ever lie about it when questioned.
This puff piece in defence of Mohammed Bin Salman (MBS) is by an employee of the Islamaphobic Henry Jackson Society and appears in the Independent which is owned by the same Russian Oligarch that employed George Osborne to edit the Evening Standard.
The Standard and Independent’s mission is therefore clear: Oppose Brexit but promote anything which protects billionaires, like money laundering.
On Thursday George Osborne, current editor of the Evening Standard and architect of extended austerity policies that inflicted misery on millions, issued a self congratulatory tweet upon the news that the austerity deficit target had finally been met, two years after he was ejected and nearly 8 years after it started.
The question i ask myself is whether anyone is going to get the Labour Party to debate these issues openly and vigorously and put clear unambiguous pledges and policy in its manifesto that can stop this sort of thing forever.
Those who wish to contribute, please step forward.
These are questions I feel compelled to ask after watching just a few minutes of Howard Davies and Ross McEwan, of the taxpayer-owned Royal Bank of Scotland (RBS), giving evidence before last Tuesday’s Parliamentary Treasury Select Committee.
To not, as a society, vehemently question the goings on at these proceedings implies a collective post traumatic stress disorder following the 2008 crash that has robbed us of the dignity and empathy that we need to recover.
But recover we must. Current tolerance levels for corruption and injustice remain incredibly high and we all too often simply carry on.
Rushdie used to quote Kundera by saying that man’s struggle against the system was like the persistence of memory when trying to forget.
What happens when we can’t forget?
Madness is rare in individuals – but in groups, parties, nations, and ages it is the rule. Friedrich Nietzsche
What happens when powerful individuals are given platforms to defend corporate criminality while the rightful anger and people’s sense of injustice is segmented and siloed off to the point of non-existence, like the risk on a series of high risk collateralised debt obligations (CDOs) repackaged as Triple A reliable investments during good times only to re-emerge as toxic during the bad.
The risk and the anger never go away. They just get stored up for a later date. “They that sow the wind, shall reap the whirlwind”. Some will wonder why no-one heeded the warnings. How the journalists are to blame just as much as the government and the bankers.
Maybe the warning signs are hidden in the business pages. As Harvey Cox says in The Market as God, the concepts in the business pages are theological. Redemption and Retribution. People getting away with stuff and others getting punished. Why does God permit it? Nowadays we have PR people, Regulators, Central Banks, Blacklisted Whistleblowers and a growing number of unhappy customers.
If you kick off about this stuff, people ridicule you for making a big deal out of nothing, for being an anti-business Social Justice Warrior that knows nothing about the way of the world.
If the facts of life really are conservative then why make a fuss about anything?
Anyway, here’s that master class in how to carry out state-sanctioned cannibalistic, rampant Crony Capitalism in broad daylight — and get away with it.
Lots of innocent Small Business Owners have been asset stripped of their families, marriages, businesses and homes by the RBS Global Restructuring Group (GRG), and all many of them will get is this:
It is hard to see which features of Crony Capitalism don’t apply here:
Crony capitalism is an economy in which businesses thrive not as a result of risk taken for them, but rather as a return on money amassed through a nexus between a business class and the political class. This is done using state power to crush genuine competition in handing out permits, government grants, special tax breaks, or other forms of state interventionover resources where the state exercises monopolist control over public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but by profiteering by “rent seeking” using this monopoly or oligopoly. Entrepreneurship and innovative practices, which seek to reward risk are stifled, since the value-add is little by crony businesses as hardly anything of significant value is created by them, with transactions taking the form of “trading”. Crony capitalism spills over into the government, the politics and the media, when this nexus distorts the economy and affects society to an extent it corrupts public-serving economic, political and social ideals.
The term “crony capitalism” made a significant impact in the public as an explanation of the Asian financial crisis. It is also used to describe governmental decisions favoring “cronies” of governmental officials. In this context, the term is often used comparatively with corporate welfare, a technical term often used to assess government bailouts and favoritistic monetary policy, as opposed to the economic theory, described by “crony capitalism”. The extent of difference between these terms is whether a government action can be said to benefit the individuals rather than the industry.
Off with their heads. No questions asked.
But for some reason, the British sense of fair play perhaps, they remain.
But how long can this carry on?
Here are the rules on lying to Select Committees from a Parliament Document:
So none of what is said in a select committee hearing can be relied upon in civil or criminal proceedings against anyone but attempting to mislead is Contempt of Parliament.
I’m still waiting for the full transcript of Davies and McEwan’s hearing to go up. I feel the people at Parliament are dragging their feet.
McKinsey, Treasury, Seconded Special Adviser to Nigel Lawson when he was Thatcher’s Chancellor of the Exchequer, Bank of England, Head of the Audit Commission which is now defunct but was instrumental in overseeing Thatcher’s Privatisation and Denationalisation agenda including Fraud Investigation, the London School of Economics from where he had to resign because of his closeness to Colonel Gaddafi, and now he’s the Chair of the Fraud Machine that is the 71% taxpayer owned Royal Bank of Scotland.
Charlotte Hogg, Deputy Governor of the Bank of England (BoE), was appointed the Bank’s Chief Operating Officer in 2013 but never, despite being asked about potential conflicts of interest, disclosed that her brother is a Barclays director.
When she appeared in front of the Treasury Select Committee (TSC) to discuss her recent promotion Hogg said she was well aware of the Bank’s code of conduct — quite apt given she wrote it.
Charlotte Hogg’s mum Sarah Hogg aka Viscountess Hailsham was head of John Major’s Policy Unit in the 1990s — where the controversial Private Finance Initiative (PFI) that has virtually bankrupted the NHS was pioneered.
Hogg was able to draw on the knowledge and contacts she had built up when pioneering PFI at John Major’s Policy Unit.
Their joint venture eventually became University Partnerships Programme (UPP) — now known to be rip off merchants who market and lobby for increased student debt under the guise of enhanced choice and high quality student experience :
It turns out that Hogg was first recruited for the Chief Operating Officer role at the Bank of England by Virginia Bottomley’s headhunting firm.
Former Health Minister Bottomley is current Health Minster Jeremy Hunt’s Aunt.
So there you are. A very brief tour of the Hogg’s interests.
Below are a few more articles about Charlotte Hogg.
Guardian Piece from 2013 on Charlotte Hogg’s Connections