The banker never goes broke

If someone were to grab you in the street at night and rob you, you would like to think that once the crime had been reported to the authorities that the perpetrator would be arrested, tried by a jury and found guilty of their crime. So what happened with the banks?

Since 2008 we have had 4 years of scandal which has cost you and I billions of pounds, in fact depending on where you get your figures from it could have cost us as much as £1trillion. When you start to get to figures of trillions you must in your heart start to know that things have gone out of hand. Professor Brian Cox comically stated that we have 'spent more on bailing out the banks than we have on science since Jesus'.

Polly Curtis from the Guardian asked in September 2011 the following:

How much did the banking crisis cost the UK taxpayer?

Last December (2010), the National Audit Office published a second report into the costs of the bail-out. That report concluded:

The scale of the support currently provided to UK banks has fallen from a peak of £955bn to £512bn, but the amount of cash currently borrowed by the government to support banks has risen by £7bn [to a total of £124bn] since December 2009.

• Since 2007 the UK has committed to spending £1.162 trillion at various points on bailing out the banks. This figure has however fluctuated wildly during the period and by March 2011 it was £456.33bn. That total outstanding support was equivalent to 31% of GDP in March (2011)

The banks, bankers and their friends have taken money, your money, gone to the casino and gambled it away. Then to top it off and kick you a little more whilst you are down, they have been saved by us, with our money, again.

I wonder if you went to the casino and gambled all your money away and went bust would the bank give you another £250,000 loan so you could keep your home, or would they evict you and your family and sell it on for a fraction of the price to one of the many vultures that would no doubt circle?

Yet despite this not one of these lying gamblers have been arrested and dragged down to the Old Bailey to face charges for enslaving future generations to debt slavery. However we look at it the debt that these criminals have thrust upon us today will eventually rest on the shoulders of tomorrows children.

A documentary on Channel 4 in 2010 called Britain's Trillion Pound Horror Story estimated that our children, as it stands, will be in debt to the tune of £73,000 before they are even born, and you were going to worry about tuition fees?

They are stealing their future.

Worse than this, in some countries, the casino dwelling banking terrorists responsible for the global financial meltdown have actually been put in charge of pushing through austerity measures aimed at keeping their friends at the dinner table, eating heartily, whilst the rest of us scrimp and scrape to feed our young and put a roof over our heads. The Great Dictator, I mean actor, Barack Obama on the other hand has passed some of the most unnerving banking legislation, proving that he is a banking President and then rated himself 3rd or 4th best President of all time. Congratulations. You stole from your public to pay off the banks.

The greatest transfer of power and wealth from the poor to the rich has taken place on their watch, under our noses and yet still we take it.

This year also saw the Libor scandal hit the news. Fraud, whichever way you look at it, it is fraud. Bankers at Barclays colluded to fix the Libor rate how and when it suited them, noticeably around the period of the Lehman Brothers Collapse, following a chat with someone from our central bank, The Bank of England.

You couldn't make it up.

Yet still no one has been arrested and Bob Diamond, former Barclays Bank CEO who earned somewhere in the region of £100m in his time with Barclays between 2006 and this year, walked away with a £2million pay off, even though the Financial Service Authority had doubts about his appointment in 2010, to ensure his availability in the event that anything came up.

In the meantime these banking terrorists are in the middle of a printing frenzy of paper money, which only serves to increase the cost of living. Each round of Quantitative Easing devalues the pound already sat in your pocket.

"Give it up Ben (Bernanke) QE3 is a flop, you can buy up all of the agency mortgage backed securities in the world but as long as you are paying IOR at a rate that is way above market, all you are going to accomplish is to drive up commodity prices" Forbes 2012 ~ Louis Woodhill 

We face cuts to essential services, pay freezes and our pensions are being hijacked by governments we elect, to supposedly serve us, to pay for their mess. Whilst they are at it they pitch us against one another by playing public sector off against private sector. The reality is neither one of the people who work in either of these sectors caused this mess, yet we are being made to pay for it and we point the finger at each other whilst the people who are actually responsible sit on beaches in the Caribbean supping cocktails. Whilst we have had to learn to cope, make do & mend and get by, the number of millionaires in England has increased by 17% in the last 2 years.

It is high time we stopped believing the government and media lies, lies that it is our fault this depression is upon us. It is time that we pointed the finger, together, at the real people responsible; the banks, bankers, their government puppets and their special interest corporations. Which finger you point, I leave to you.