Is it the crash in the property and stock market?
Is it the repossession of peoples homes?
Is it the levels of redundancies and unemployment?
Is it the implementation of a Global Banking System or New World Order?
Is it the control of individuals by reducing their freedoms and rights?
Is it an economic war against entire countries?
Is it in the end of materialism consumerism and modern industrialisation?
Is it the end of high borrowings and levels of debt and associated industries?
Is it the end of sophisticated financial instruments (funny money)?
Is it the end of several companies and industries?

*First posted on the original Lobby Group blog at the request of user Kiki Dread

Commander Bob Broadhurst, who is responsible for the operation (with a bill estimated at up to £10 million) said, “These are innovative people and we must be innovative as well. It will be an exciting couple of days, to say the least” (Guardian).

.

The proposal for the Post Bank will be formally launched at a Parliamentary reception hosted by Jon Cruddas MP this afternoon, with cross-party speakers including Pat McFadden, Minister for Employment and Post Offices, Vince Cable, Deputy Leader of the Liberal Democrats.

more info …

The idea is to run current accounts only – no lending, no speculataion – just a boring safe haven!

Multi Currency Accounts should be possible – the concept is ZERO risk so no interest would be payable.

Any venture would need to partner with others (eg: Co-op?) to access the cash machines & visa networks etc.

Alex doesn’t appear to be after any investment on your part.

How?

Harness the power of amusing e-mails swapped between friends (I often get good ones several times from different sources such is the power to spread information this way).

Add in a dash of message of what you can do in protest.

Tell people what to do and how easy it is including alist of ethically run banks

Convince ethical banks to donate 50p to red nose day for every account that is open that refers to the circular e-mail and is credited with at least £500 (say).

Click send to ‘everyone I know’ with amessage to ‘forward on to everyone you know’ and see what happens…..

Now all we need is someone with a sense of humour and tech know how to research some archive photos of the chief offenders, add a red nose and a frizzy red commedy wig to the photos amnd some acurate public domain commentary to each (all for charity of course).

Make it funny, make it compelling, make it easy, make it the electronic equivalent of throwing rotton fruit at bankers in the village stocks.

Anyone fancy having ago at that?

PLEASE.

Red nose day is next Friday I think.

Jericoa

JB : or “Be kind to a banker day“?
. or will things like this be the way things go from now on?

Certain banks are unlikely to survive for much longer. So why not get all of your money that you can out of these failing institutions now and put it in The Post Office. It might be wise to let your friends and relations know about this whilst they still have time )

Savers withdrew a record £2.3 billion from their accounts last month

Time to kill off these parasites before they take us all under?

http://www.chrismartenson.com/crashcourse

Takes a couple of hours to go through the whole thing but it is well worth the time.

The Dow Jones industrial average closed down more than 380 points or 4.6 percent in its biggest one-day percentage drop since December 1, while prices for U.S. government bonds climbed as investors sought safety. The KBW index of bank stocks fell almost 14 percent.

Geithner said lack of public confidence in prior rescue efforts had made it all the more difficult to stop “a dangerous dynamic” in which a lack of credit undercuts the economy and leads to more weakness among banks, worsening the recession.

Tue Feb 10, 2009 4:56pm EST

full article

As a result of childhood psychological problems I have a heightened sensitivity to dishonesty. Although with age I seem to be dealing with this thus enabling me to live in this world more comfortably.

Maybe to live in the post depression world we need some more honesty. Reading Peston’s blog about bonuses it emerges that a 10% bonus seems to be regarded as part of salary for many bank staff. On looking a little further it becomes apparent that the reason behind this is not any form of reward for performance but a device to artificially suppress final salary with the intention to reduce pension payout. To my mind this is dishonesty. Others may say it is it is a legitimate fiddle. Why can the bank not be honest and say that the pension is based on 91% of final salary?

My answer to this is that a culture of dishonesty has crept into the culture of banking. Maybe it was only a pretence that bankers used to be honest. I do believe that in days gone by there was indeed a culture of probity and honesty and any dishonesty was firmly dealt with.

Much of the present woes can, in my opinion, be put down to dishonesty by government. If one looks in detail at the way the inflation figures are calculated one finds many fiddles to artificially understate the true situation. This led to interest rates being set too low thus creating the credit bubble based on artificially low interest rates.

These artificially low rates also led indirectly to demand for higher returns on capital which could only be achieved by dishonestly masking the real risk in highly synthesised products.

Bring back HONESTY.