Tuesday 28 February 2023

European Outlook # 84 March 2023

International Finance

The Jews don't have a monopoly on International Finance. They became moneylenders in ancient times because both Christians and Muslims forbade usury, but today, people of all races and religions are involved.

The main financiers are the banks. The world's largest bank is the Industrial and Commercial Bank of China with assets of $5.5 trillion. The next three largest banks are also Chinese; China Commercial Bank, Agricultural Bank of China, and the Bank of China.

The tech giants; Amazon, Alphabet, Apple, Meta, and Microsoft also generate billions of dollars. Elon Musk the South African-born owner of Space X, Twitter, and Pay Pal is worth $198 billion.

The worlds largest oil company is Saudi Aramco followed by Sinopec (China), China National Petroleum Corporation, Exxon-Mobile (USA), Shell (UK/Netherlands), Total (France), BP (UK), Chevron (USA), Marathon (USA), Phillips (USA), Rosneft (Russia).

The top ten pharmaceutical companies also make huge profits: Johnson & Johnson (USA) $82.06 billion, Hoffman-La Roche (Switzerland) $ 63.85 billion, Pfizer (USA) $51 billion, Bayer (Germany) $48.02 billion.

National governments tax the profits of these giant corporations but they minimise their tax bills by operating all over the world.

It's not possible for every country to fend for itself. The United States and the Russian Federation are so blessed with natural resources that they are practically self-sufficient, but the UK has to import food and energy to survive. And we rely on foreign investment for our industries, universities, railways, communications, football teams, and power generation.

Britain pioneered global capitalism in the 18th century with the Bank of England, the East India Company and Lloyd's of London. British capital built the railways in India, Africa and North and South America. British shipyards and foundries supplied the armies and navies of the world, and within the captive market of the British Empire people drove tractors, trucks, cars, and motorbikes made in the motherland. 

But nothing lasts forever; by the First World War nations such as Germany and the United States began to overtake us. Today, Britain is both a giver and a taker of investments. This was demonstrated when the brief tenure of Liz Truss as prime minister of the UK was ended by the Market's adverse reaction to her revolutionary budget proposals. The pound dived against the dollar and she was gone within days. Bankers and brokers crave stability and distrust experimental economics.

Stock markets enable businessmen to raise capital and they provide income for pension funds, but unscrupulous traders abuse the system by using insider information and trickery. Nathan Rothschild (pictured) was a German bullion dealer who financed Wellington's army in the Peninsular War. He conspicuously sold British bonds to indicate a French victory at the Battle of Waterloo, but when they reached rock bottom he bought them back and made a killing on the Stock Exchange. He lent the British government the money to compensate slave owners after the abolition of slavery, and to purchase the Suez Canal. Today, Rothschild & Co control a worldwide financial empire with assets of £14.7 billion and 3,500 employees.

Since the Napoleonic Wars Britain has relied on government borrowing to fight the Crimean War, the South African War, the First World War, the Second World War, and the Korean War. Now we are borrowing money to pay for the Subprime Mortgage Crisis, the Covid Pandemic, the Cost of Living Crisis, and the war in Ukraine.

International finance and world trade are interconnected. The disastrous Brexit experiment demonstrates the myth of national independence. The UK is not one iota less indebted to international finance for leaving the European Union. We live in a global economy and no single nation can successfully function outside of it. Only a self-sufficient bloc of nations with a determined government could possibly challenge the System. At present there is little sign of such a development, but if we had the infrastructure in place we would only need the will to make it happen.

The Green Book

Muammar Al Gaddafi (pictured) published his Green Book in 1976 but I have only just read it. It's a simple statement of socialist and nationalist principles. He states:

" In the social sense, the familial society is better than that of the tribe, the tribal society is better than that of the nation, and the society of the nation is better than world society with respect to fellowship, affection, solidarity and benefits."

Gaddafi's views were well received by 'progressives' in the West, except perhaps for his traditionalist thoughts on women:

"Physical structure, which is naturally different in men and women, leads to differences in the functions of the organs, which in turn leads to differences in the psyche, mood, emotions, as well as in physical appearance. A woman is tender; a woman is pretty; a woman weeps easily and is easily frightened. In general, women are gentle and men are aggressive by virtue of their inbred nature.

To ignore natural differences between men and women and to mix their roles is an absolutely uncivilized attitude, hostile to the laws of nature, destructive to human life, and a genuine cause for the wretchedness of human social life." 

I remember a meeting of the London Forum some years ago when someone mentioned Gaddafi and was promptly shouted down by a prominent nationalist who declared that Gaddafi was "a bastard who supported the IRA." It was true that he armed the IRA, but the trouble is that nationalists do not respect other people's nationalism. The German Nazis ignored Austrian fascism when they murdered Engelbert Dolfuss, leader of the Fatherland Front, and the Italian fascists ignored the nationalist regime of General Metaxis when they invaded Greece. In the same way, the National Front and similar movements hated Irish Nationalism which was a legitimate cause to Gaddafi.

This conflict of interest was illustrated when Michael Collins and Winston Churchill signed the Irish Free State Agreement in 1922. Churchill said to Collins "This could cost me my job" and Collins replied prophetically "This could cost me my life." 

Gaddafi used his country's oil revenues to build a socialist state which was destroyed by a coalition of Western powers intent on plundering his country. He was eventually murdered in 2011 by French Special Forces masquerading as Libyan dissidents.

There is nothing remarkable about Gaddafi's Green Book or his Third Universal Theory which rejects both capitalism and communism, but his ideas deserve to be studied. Gaddafi's murder was celebrated by Dave Cameron, the British prime minister who called a referendum on Europe and then ran away.

Gaddafi signed an agreement with Italy to stop sub-Saharan migrants from crossing the Mediterranean to Europe, but when he was murdered the traffic started again. Yet another own goal by Dave Cameron. When the history of this period is written it will be the Libyan revolutionary leader who is remembered and not the slippery old Etonian.

JT and the Holocaust

John Tyndall never believed in the Holocaust. He thought that it was a fabrication designed to gain reparations from Germany and sympathy for Israel. This stance was popular with some of his followers but it damaged the movements he led. Rightly or wrongly the British public accepted the Holocaust as historical fact and rejected its denial.

The following extracts are from correspondence entrusted to me by Marion Bean on the death of her husband in 2021.

John Bean to John Tyndall 29th July 1994.

"As I am sure you know, you and I had and still have differences of opinion on many issues, not least that I believe that Jews were put to death in 42-45 in large numbers and I condemn it."

John Tyndall to John Bean 1st August 1994.

"I can quite readily appreciate that it is sometimes desirable , in order to grab an opportunity for a public platform, not to get involved publicly in the 'holocaust' argument. I therefore do not criticise your non-involvement in this issue in the public context. However, I am utterly astounded to hear that you actually believe privately in the 'holocaust' myth. There has in recent years been a rich bibliography of writings which conclusively repudiate the idea that there was any planned and governmentally determined scheme to exterminate the Jews in Europe at any time during 1933-45 - although few would deny that there were localised atrocities committed on the order of minor commanders and officials under duress of the brutalising influence of war. This of course happened on both sides."

John Tyndall was right about many things but he was wrong about the Holocaust. The numbers may be disputed but there's no doubt that European Jews were rounded up by the Nazis and sent to camps where they died from disease, starvation and deliberate cruelty. This is entrenched in the public's consciousness and revisionist propaganda will not change their minds.

The Knowsley Riot - Mark Webb


                          Photo credit The Daily Mirror

We saw some protests and disturbances in the Knowsley area of Merseyside outside a cheap hotel that caters for asylum seekers/refugees. The Suites Hotel is a mid sized hostel style hotel that the local social services use as a dumping ground for males from the Middle East and Africa. Locals gathered as they objected to a series of incidents involving these these males and local schoolgirls (in school uniform) from a nearby school. Sexual harassment and threats of sexual harm had been made. So some of the local dads, mums and kids turned up and protested outside. A group of teenage girls joined them as did a group of teenage males and some older men. Forming a line down Ribbers Lane.

Some held up B4 leaflets marked 'This is our city'. Others chanted 'Leave our kids alone'.

This quickly escalated as the police arrived and rival pro-asylum seeker groups turned up and launched a counter protest.

A police van was set on fire and objects thrown at the police, at the hotel, at the protesters and at the counter protesters. Early reports said that three people had been arrested, but later that was amended to fifteen people. Charged with violent disorder, violent conduct.

Interestingly all the mainstream media failed to produce a single image of any objects being thrown or indeed any violence apart from the image of the police van burning. All the media outlets also claimed that the protest was organised by 'the far-right'.

The Independent claimed that the protest was organised by 'an anti-immigrant group'. They failed to name the group, but they quoted Care 4 Calais (a pro-immigrant group) who stated that the protest was organised by 'the far-right'.

The term far-right was echoed on Twitter (also published in the Independent) by the Refugee Action Chief Executive Tim Naor Hilton who stated, "If you're a part of a baying mob outside a hotel where refugees live then you're far-right, even if you don't like being called that."

To further drive home the media's far-right connection to the event, The Guardian led with the headline, "Far-right protesters clash with police."

I spent two days looking through all the far-right websites, their blogs and tweets, to see which 'far-right' group organised the protest. I looked at Britain First, the BNP, NF, EDL and many other smaller groups. There was no call for action on that night by any group. No mention of the protest on their websites. The closest I could find was on the Britain First website, a photo of three men holding a banner outside a hostel in Hale called Ashley Hotel, back on the 7th Feb.  It was a daytime photo. The banner's message was unclear.

If a person is white and they talk about immigration or race, the media will instantly label them 'racist'. If they demonstrate about it, then the media will label them as 'Far-Right', 'Neo-Nazis' and 'Fascists'.

If the media intends to label every person who's angry or upset about uncontrolled immigration as a Nazi, then they will drive many people into the hands of the far-right. The events that took place on Friday night seem to have involved scores of people rather than hundreds. It was a few very upset locals that had a melee with the police and some local communists. The event was hugely blown out of all proportion by the media. A 'White Race Riot' is a great story for the media. Clearly this was not the case.       

Nation Revisited - https://nationrevisited.blogspot.com

European Outlook

All articles are by Bill Baillie unless otherwise stated. The opinions of guest writers are entirely their own. The editor reserves the right to shorten or otherwise amend articles submitted for publication. We seek reform by lawful means according to the UN Declaration of Human Rights, Article 19:

"We all have the right to make up our own minds, to think what we like, to say what we think, and to share our ideas with other people."














 

   


 




  

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