Establishment Lying over the EU Bail Out Fund.

Bruno Waterfield in the Daily Telegraph this morning has charge and countercharge over who knew what and who did nothing to avoid Britain having to stump up, what is now known to be, billions and billions of pounds for the EFSF.

Happily, as is nowadays so often the case, unlike all the mainstream media, this blog was alert to the dangers and carried details of all the developments as they unfolded, while the rest of the nation followed the sycophantic garbage that was the media reporting on the formation of the coalition government.

Below I will supply links to my own reporting, during the actual events as brought out in Mr Waterfield's column today. The following passage contains the crux of the dispute:

Mr Cameron attacked Mr Darling for taking the wrong decision during an emergency meeting in Brussels on May 9 and suggested he ignored advice given to him by Mr Osborne. But Mr Darling said: "What we discussed was not voting against but abstention, recognising that Britain could have been outvoted."

Mr Cameron replied: "I have had a full discussion with the Chancellor about this issue and he was absolutely clear it was not something Britain should agree to."

A government document, signed by Justine Greening, a Treasury minister and seen by The Daily Telegraph has suggested that the Prime Minister's account is wrong. "It should be noted that while agreement on behalf of the UK was given by the administration, cross–party consensus has been given," said the briefing note, dated last July. 

 I summarised the entire disaster looking back to early May, on 21st December last year, and concluded that charges of negligence would eventually need to be brought against all those involved: I quote a small part of that posting, which is worth reading in full, together with its several links, for a full understanding of the depth of the lies now being told:

The use of Article 122 was widely known to have been an illegal ruse at the time. The incoming administration led by Cameron, Clegg and Osborne could have refuted Darling's concurrence to such illegality and instituted proceedings to exempt the UK from the disastrous financial consequences.

Can any now doubt that it was a complete dereliction of duty NOT so to do? Indeed can any voter not now perceive that all three main political parties in the UK are complicit in the illegal squandering of the nation's wealth at the behest of the Euro Group member states of the EU of which  assemblage Britain is not even a part?

It was absolutely clear that Darling should never have been allowed to attend the 9th May meeting, as I blogged on that very day, the country was without a government AND not part of the Euro Group which was the only portion of the EU then in crisis. That posting concluded as follows:

Alistair Darling belongs to a defeated party and should have no authority to attend an ECOFIN meeting charged with reaching a pan-EU agreement as commanded by members of the euro currency group.

David Cameron and Nick Clegg should clarify Darling's status immediately and if possible prevent his departure from the country!

Matters did not rest there however, for the Coalition had ample opportunity to clarify the situation when the new Chancellor attended his first ECOFIN meeting as I set out in my posting of 17th May, linked here.
Instead of so-doing he involved himself in the known illegality at a cost to the country which it remains impossible yet to calculate.

To conclude, let me highlight again in red, as I did last December, the main point at issue first posted on 9th May 2010, as is now confirmed by the Treasury Official Justine Green as revealed by Bruno Waterfield in today's Telegraph:

Alistair Darling belongs to a defeated party and should have no authority to attend an ECOFIN meeting charged with reaching a pan-EU agreement as commanded by members of the euro currency group.

David Cameron and Nick Clegg should clarify Darling's status immediately and if possible prevent his departure from the country!  

Italian TV News reports Darling will not sign off on Euro rescue package

The link in Italian is here.

The report also states that no unanimity is required on this decision leaving the City of London at risk of destruction by an outgoing administration.

Would the EU really undertake such a move against the interests of its largest financial centre if an incoming administration were being represented in Brussels this afternoon and this evening?

Britain's Debts of Trillions requires ACTION Now!

By the time one strips out the ridiculous optimism of Demented Darling's economic growth projections, add in the IMF identified missing 140 billion pound bank bail out costs and recall that the City of London bears a large part of responsibility for the Global Recession making decent tax revenues from that source unlikely over the coming years any idiot should be able to see that action on public spending is needed TODAY.

The Times has a good budget summary linked here.

Instead of rushing to meet Brown to discuss Daily Allowances for our maggot Members of Parliament (oh what a typical move was that) the Leaders of the two opposition parties should have been demanding early action on the rising debt IMMEDIATELY.

First should come a ceiling on all salaries paid by the taxpayers from 1st May for 2 years at the national average income for the last financial year. This would of course apply across the board, Judges, Civil Servants, Ministers, MP, Doctors the whole kit and caboodle of those who feed off the corpse of a bankrupt state.

Second, as finally voiced in the Chamber of the House of Commons yesterday by John Redwood MP, the Europe Minister should be immediately sent to inform the EU Commission that the raised contributions agreed by Blair, a principal perpetrator of this disaster, can no longer be afforded by the country BUT with the added advice that Great Britain cannot afford to participate in the farce of the June EU elections to the EU Parliament, nor send any MEP to Strasbourg for the next five years at an annual cost of well over one million pounds per head for absolutely zero return.

Third, read my posts from the start of this year, linked here and here.

Demented Darling's Budget

Can any sane person be expected to believe Darling's assumptions for the British economy, they make the entire Budget unbelievable and are as follows:

Economic Growth

2009 Minus 3.5%

2010 Plus 1.4%

2011 Plus 3.5%

What unbelievable claptrap from this grossly incompetent threesome:



Debt

175 Billion in 2009/2010

173 Billion in 2010/2011 (Even with his projection of 1.4% Economic Growth)

Debt he says will peak in later years at 79% of GDP.... Some hope!

These filth have temporarily rendered us all powerless but with this burden on future generations those who follow us will one day get even!

Withdraw the pensions of these MP Maggots!

Maggot Darling - Financially astute only on personal expenses?

The following curious tale from the columns of this morning's Daily Telegraph, here, shows typically Scottish financial astuteness on the part of the present Chancellor of the Exchequer, Alistair Darling MP, yet as he himself almost admits in The Times (and according to the BBC, here,) he is close to complete incompetence when handling the nation's money:

Last night, a spokeswoman for Mr Darling refused to comment on his expense claims. However, it previously emerged that until 2005 he claimed that a flat he shared with other Labour MPs was his "main home". This allowed him to claim about £70,000 in expenses on his Edinburgh home where his wife and children lived.

It was then reported that he switched his formal declaration and told the Parliamentary authorities that the Edinburgh home was his main residence. This allowed him to claim for a London property and it is thought he bought a flat in the capital.

However, after becoming Chancellor in July 2007, Downing Street automatically became his main residence. It is thought that he then began claiming expenses again on the Edinburgh property and rented out the London home. In the 2007-08 financial year, Mr Darling claimed £9,837 in second-home expenses.

Is BoE Governor King worried over UK Creditworthiness?

The Chancellor of the Exchequer, Alistair Darling, speaking from the fifty million pound G20 meeting finance minister's wining and dining and doing nothing weekend in Horsham to BBC Radio 4 informed John Humphries categorically within the past half-an-hour that Governor of the Bank of England, Mervyn King, was not worried about the nation's creditworthiness.

If that statement is true then Bank of England Governor, Mervyn King, should be fired on the spot today!

If that statement by Alistair Daring is not true then Alistair Darling should resign on the spot - after all the economic dumb shit for whom they both work is now so incapable of seeing reality he cannot be any longer expected to make a rational choice between tea or coffee!

Jacqui Smith and Darling Expenses - the final Straw? Cameron's time is up!

Surely now is the moment to clean up British politics? I was reminded yesterday of a post on the subject of donations in July 2007 when it had been announced that no prosecutions would follow the inquiries of Yates of the yard into the donations disgrace.

John Redwood, MP for Wokingham and one of the ever rarer thinking occupants of the green benches, posted some ideas on limits on his blog on 20th July 2007, linked here, titled "I want more change from David Cameron". I was drawn to comment and see no reason to detract from what I said back then, quoted herewith:

# Martin Coleon 20 Jul 2007 at 7:33 pm

I quote from the above, ‘We want a more honest politics’ - well said, indeed we do!

A start could be made by senior and long-sitting MPs holding true to the policies they initially stated as ‘core-beliefs’.

Cameron was and remains a nothing. Now it is obvious that actual voters have more than taken this fact on board, what will those who entered politics espousing basic conservative and democratic beliefs now do about it?

Carry on taking the money appears the answer from a brief read of this blog!

The Democratic Deficit is not now mainly in the EU, it is in the lack of a courageous and principled opposition - that seems to me the main reason why Yates has been frustrated. With Cameron leading the opposition the Brown government feels free to do as it wishes and even the most articulate members on the opposition benches appear as if gagged.

Cameron having acquiesced in the coagulation of HBOS into Lloyds and now apparently ready to permit the rolling of the printing presses to further corrupt the currency, both without re-call of parliament or apparently any debate is, with George Osborne, now equally culpable in democracy's demise as Brown and Darling!

I believe that Cameron has clearly failed and in the process betrayed the country, any reform of parliament demands his departure as Party Leader.