Open War: Liberty vs Oppression and the Battle for the Internet

The internet destroys privacy. That is its nature. It's an absolute game-changer for our civilisation. Ever since its popularisation two decades ago, it's been relentlessly opposed by the shadowy overlords who farm our labour and claim to rule over us; they've demonised it as the hiding place of terrorists, child abusers, drug-dealers and money launderers, and done everything they can to put in place systems to prevent the free flow of information - the lifeblood of the internet. The big ideological battleground of the 21st century has not been between Right and Left, but between freedom and control - democracy and authoritarianism - liberty and increasing oppression by our own governments.

 It's ironic that this week, when the world has seen the biggest act of censorship in recent years, as the UK government stands to fall as a result of a scandal which is being rigorously suppressed and kept from all mainstream media outlets, that same media choose to speak out about something many of us have known or suspected for years - that our own governments are routinely spying on us in intrusive and illegal ways far in excess of anything the Soviets, Nazis, or East German stasi could ever have hoped to achieve. While harping on about how dangerous the world has become now that the people in the Third World we keep bombing have brought the fight to us - a fight that we are causing - our governments have been systematically stripping our civil rights and civil liberties, hard-won over decades of struggle by our fore-fathers and -mothers, wrenched from the hands of just those control freak overlords who now wish to put them back in place.

 This is the first time we have clear, unequivocal proof of our governments' agendas, and it's all over the front pages. Our media outlets are starting to react against the creeping fascism in our societies. It's still not too late. We can reverse this. The internet is the biggest chance for our nascent global society to evolve into an open and accountable one that we've ever had. Our governments want to turn that tool for liberty and enlightenment into a tool for endless Orwellian oppression.

 We must not let them. We have only ourselves to blame if they do.

The Political Assassination of Dominique Strauss-Kahn - Cui Bono?

Well, there it is... the alleged sexual assault case against former head of the International Monetary Fund and French Presidential candidate Dominique Strauss-Kahn is beginning to fall apart - less than a week after right-winger and pro-Chicago school Christine Lagarde is confirmed as his replacement at the IMF, and after his Chicago-school IMF deputy and former JP Morgan insider John Lipsky managed to force through the stiff "national asset confiscation" austerity plan on the hapless Greek people.

But what just happened? And why?

During his tenure at the IMF, Dominique Strauss-Kahn committed two cardinal boo-boos from the point of view of the world's corporate bankster cartels. First, he suggested that in the current climate of bailouts and endless money printing, perhaps it was wrong to expect the taxpayers of the world to lose their homes, savings, and jobs to pay off *all* the gambling debts of the big international banks themselves. Perhaps, he suggested, some of the bondholders of the banks should pay *some* of the cost, too. After all, this is capitalism, and it was they who'd decided to gamble their money, and the value of your investment may go down as well as up.

Well, that's not how the banksters see it. If the value of their investment goes up - hurrah! They're the masters of the universe, and they make shedloads of money and take massive bonuses for their great knowledge and talent. But if the value of their investment goes *down* - nooo! It's not their fault - they just lost a bet, why should they have to pay? No, in that case, the taxpayers of the world should have to borrow loads of money to pay off the banksters' debts now, then spend the next 20 or 30 years paying it off. If not - the banksters assured us - the sky would fall, and the world as we know it would come to an end. It's a classic gangster protection racket: "Give us your money, or the economy gets it!" That's what 21st century capitalism is!

So, strike one against DSK. You never, ever, tell the banksters they're going to lose money.

Second, DSK had begun to suggest - in response to cries of "foul!" from China, Russia, Brasil, India, and a host of other countries, that the IMF might be able to create a kind of "virtual world currency". The reason for this was that the Bush and Obama administrations, in introducing QE, or "quantitative easing", had been rapidly devaluing the *current* global reserve currency, the US dollar. This meant that all those nations (like China, Russia, Brasil, etc, etc) that kept lots of their money in dollars were losing out hand over fist - effectively they were footing the bill for the US dollar's devaluation. DSK was a firm supporter of what's called "Strategic Drawing Rights", or SDRs, which are a kind of virtual currency composed of a basket of other international currencies. If the rest of the world agreed to accept SDRs as a replacement for the US dollar to keep all their foreign reserves in, the US government (and the banksters) would be seriously compromised in their ability to devalue the dollar and force other nations to effectively pay off their debts.

Strike two. You never, ever, tell the US govt or the banksters the dollar is not the global reserve currency.

But what was the third strike?

This is where current French president Nicolas Sarkozy comes in. It's widely reported that Sarko's administration has a huge intelligence gathering network (paid for by French taxpayers) gathering dirt on his political opponents and often conducting smear campaigns against them - the recent bouts against both former French PM Dominique De Villepin *and* former French President Jacques Chirac are good examples of this. Dominique Strauss-Kahn was / is a popular, left-leaning member of the socialist party who was widely expected to oust Sarko and become French president in 2012. Over the weeks and months leading up to the DSK / IMF scandal, DSK himself indicated he was being targeted in smear campaigns by Sarko, and even warned that someone might try and ensnare him in a "honey trap" or sexual scandal.

Today, 1st July 2011, the case against DSK is starting to unravel. The political assassination hatchet job has been done: he has been removed from the IMF, and somebody *far more* compliant to the bankster pro-dollar lobby has been installed in his place. Christine Lagarde belongs to the "Chicago school" of economic thought, the same school whose proponents and ideas were largely responsible for the current economic collapse in the first place. She can be relied upon to give countries like Greece a hard time, and ensure that the IMF doesn't cause problems for the US dollar devaluation or bankster bailouts and widening austerity throughout the western world.

But there's still a window in the French presdential campaign. Theoretically, for the next 2 weeks, a released and acquitted DSK *could* conceivably still announce his candidacy for the French presidency. Remember that number: 2 weeks. After Bastille Day, the race is closed, no more bets, rien ne va plus.

Manuscripts Don't Burn believes this is where we see how much of a role Sarko played in the political assassination. If he's able to stall the case for another 2 weeks - keep DSK in the USA, even if released and bail returned - until 14th July, with a shadow hanging over him, then he'll be unable to run for the presidency. In that case, it's reasonable to conclude that Sarko has been a leading player in the assassination. If *not*, and DSK is released unconditionally in the next few days, all charges dropped, and is able to announce his candidacy, then Sarko hasn't been strong enough to call the shots, and it looks like the IMF lobby had the upper hand in the assassination.

We wouldn't like to put money on it.

Either way, the hatchet job is done. Greece is stuffed, the bankster riches are increasing hugely, and the rest of us are slated to foot the bill. Expect more of the same.

What a darker place the world has become over the past ten years. Those of us raised in the latter part of the 20th century still like to think of our governments and the authorities as benevolent and well-meaning. But we shouldn't forget: governments can change. Countries can change. And very quickly: in 1926, Weimar Germany was a vibrant, liberal society with a sparkling and progressive culture; by 1936, the darkness of Nazism was strangling the life out of the country. In 1912, Russia seemed to be moving towards liberal democracy; by 1922, it had been decimated by war, revolution, and civil war, and faced decades of totalitarianism.

Manuscripts Don't Burn imagines people in those countries didn't believe it could happen to them either.

The Sound of Jackboots...

As we embark very earnestly now on their blatant attempt to recreate the 1930s, Manuscripts Don't Burn would like to note recent attempts by the UK corporate government to stoke the fires of racism, stereotyping, and xenophobia in an attempt to distract the undereducated disenfranchised masses from the growing economic horror unravelling around them.

After thirty years of demolishing the education system, it's hardly surprising many in the UK today do not know their history well enough to know this scapegoating racist crap for what it is. The UK has been a multi-cultural, multi-racial society for half a century, a mongrel nation enriched by countless cultures over many centuries.

An act of political legerdemain, mass misdirection to blame a minority for the country's woes rather than the real culprits, the banksters who are leading us back to the future.

Stoke the fires. Unfurl the flags. Get ready for the Two Minutes' Hate. The economy is going down the tubes, and the government wants you to attack ANYONE except them. Time once again for a scapegoat...

Yemen: A Front Too Far?

This is a very interesting development. For some time Saudi Arabia has been involved in the Yemeni civil war, fighting on the side of the Yemeni government against the "insurgents". For the past year or so, the US has been covertly involved in Yemen on the Saudi side (in its usual role as global mercenary), undertaking "cadre" operations to train up the counter-insurgency teams there.

An interesting coincidence, then, that the Detroit wannabe turrist bomber is now being linked with Yemen, despite being Nigerian. A bit like the 9/11 guys were linked with Iraq despite being Saudi Arabian - but we digress. And now, President Obama is making it very clear that he's going to be embroiling the US very overtly indeed in Yemen in the coming months, despite the US being already committed to two other wars in Iraq and Afghanistan.

So who's pulling whose strings? Manuscripts Don't Burn would subtly suggest that the Saudi royal family have enormous influence in US government circles, as we know from 9/11 and its aftermath, plus their buddy-buddy relationship with the Bush dynasty. Perhaps the Saudis aren't having as easy a time of it in Yemen as they'd've liked, and are calling in US favours?

One thing's for sure: 2010 is going to be a watershed. Global trends analysts are already raising warning flags that anti-Americanism and anti-NATOism are at their peak since 9/11, and that we've pissed off so many people in the Muslim world that a major terror event is very likely on the cards. In such an event, the global economy simply isn't strong enough to withstand the shock; the gold spike and subsequent dollar crisis would likely cause the whole house of cards to collapse.

Is that what's forcing America's hand? Fighting a war on three fronts just sounds historically stupid - but maybe it's the lesser of two evils? Given that Israel absolutely seems to be itching to bomb the hell out of Iran, and Iran has already said it will strike back, Manuscripts Don't Burn is probably quietly grateful that the CIA "regime change" ops currently engineering the so-called Green Revolution in Iran appears to be bearing fruit.

Manuscripts Don't Burn is a history fan. Of reading history, that is. And we don't mind saying, the current situation looks grim, grimmer than it has since WW2. The international tensions are at breaking point, and the US seems to be thrashing around wildly in its attempts to secure energy resources into the next decade, and not giving a damn who pays the price. At the moment the global economy is a global fake, and it's only our complicit media that's papering over the cracks. But the strain is starting to show; dollar collapse, bond strikes, and preemptive wars seem the order of the day for the next 12 months.

Looking back at our predictions for 2009, we made one major mistake: we failed to reckon with how much future agony our governments would commit us to in order to stave off pain today. When faced with the need for painful restructuring, our governments continued to borrow (print) money, plunging us (the taxpayers) into intolerable debt for the next generation, if not more. The depth of the irresponsibility has been breathtaking, exceeded only by the willing blindness of the gullible proles swallowing the party line and refusing to see the reality of where we're headed.

So - what's it to be? Chaotic collapse? Preemptive war? Global default (probably starting with the US and UK)? Trade wars? As usual, impossible to say. But one thing seems clear: 2010 will be the year of the Black Swan, the unpredictable straw that breaks the camel's back. This time next year, the Second Great Depression will be truly underway, and people may even be permitted to speak its name in public. After that, it's only a matter of time before gold repatriation kicks in again, commodity prices continue to deflate, and currency inflation reduces people's buying power to Depression levels.

It's not looking like a good year...

Global Consciousness Glimpsed From a Distance

A lot of what's happening in Copenhagen and elsewhere at the moment reminds Manuscripts Don't Burn of H.G. Wells' "The Shape of Things to Come", when a clumsy, ad hoc, and largely self-interested bunch of airplane flyers kick and scream and gradually drag the world towards a single government. The government they create isn't necessarily any good, and is eventually superceded by something a darn sight better after a period of dissatisfaction and revolution, but it *started* there, as the first sign of a nascent global consciousness appeared.

Manuscripts Don't Burn gets a similar vibe out of Copenhagen, the financial collapse (accidental or engineered), the post-Cold War struggle for who defines the New World Order, and the shenanigans following the collapse of the Berlin Wall. At the moment the Old Guard and the military-industrial-financial complex are still desperately trying to call the shots, and hold most of the cards, but institutions and concepts are being born at the moment which are radically different from what's gone before. We don't doubt that the corporate fascists would *love* a global government on their terms, but the very fact that political and economic action on a global scale is even conceivable speaks volumes.

We're not dewy-eyed and messianic about this. Like most times of great change this is going to be chaotic, violent, and dangerous. But it's interesting at least to see something potentially positive peeking through the cracks. Manuscripts Don't Burn has no doubt at all that we WON'T get our shit together to stave off the worst effects of the climatic instability facing us (regardless of whether we're responsible or not, it's still happening), and millions will starve, be rendered homeless, and so on. But possibly Copenhagen will mark the start of regular summits where the chaotic, disunited rabble of the global community can get together for regular rows, coercion, and chest-thumping - and maybe muddle-headedly navigate us through the turbulence ahead. Cause for optimism? Individually, no. Collectively... well, that's up to us all.

The Bloodless Civil War finally speaks its name

Six months after Manuscripts Don't Burn last posted on the developing "Bloodless Civil War" in the West, the UK Guardian and Observer newspapers have finally begun to speak out about this elephant in the room - that our government is on the ropes, thanks to the attacks of the corporate fascist business interests, including big banksters and media tycoons.

Let us be under no illusions about this Civil War: we are LOSING. We are well on the road to fascism in the UK - the corporate fascists, through their control of the media, have distracted the public's attention away from their fraudulent theft of BILLIONS of UK taxpayer current and future earnings, and focussed them on the mere PENNIES which the MPs (admittedly greedily, foolishly, and in bad faith) have been squeezing out of the system.

The result is an emasculated government, unable to resist the inroads of the corporate fascists, who can set baying mobs of proles on them at the drop of a headline. It's an extremely worrying situation when the government is fighting the interests of the corporate fascists AGAINST the interests of the people it's supposed to represent.

It's truly alarming how history repeats itself. Just when you need a government strong enough to resist the corporate fascists in big business and media from removing even more of your civil rights and pouring ever of your taxpayers' money into their back pockets, you have a government which must waste its time utterly on the defensive as the corporate media instigate witch-hunts about cleaning bills and decorating expenses for *PENNIES*, while BILLIONS UPON BILLIONS of pounds disappear unaccountably into private pockets. Focus on people's natural resentment for authority, distracting them from the biggest corporate heist in history.

"Hey - MP! Give us some more BILLIONS in bailout money, or we'll get our mates to run some more articles about your twenty-grand expenses, your career will be toast... heh heh heh."

You can see where all this is heading. Next stop: a nice clean corporate revolution to replace all these shoddy MPs with some nice shiny people who all the papers and television stations say are brilliant, so of course they must be. And who just happen to be great friends with those nice businessmen. And in the meantime, your savings shrink, prices soar, and you spend the next 2 generations paying off the money you're giving to the corporates while your standard of living heads back to the thirties.

Well, as long as they put some scapegoat MPs in the stocks and let you pour your hatred on them, it's okay, isn't it?

Recipe for coup d'etat: discredit the current government; create conditions of extreme poverty, instability, unemployment; foment disorder; identify scapegoats; step in and "restore order". Manipulate the proles correctly and they'll cheer you all the way, and even volunteer to make their own chains...

So what can we do? The key to this dilemma is in our own minds. Time and again Manuscripts Don't Burn sees accusations flung of being "left-wing" or "right-wing" as the chaos intensifies. But this is the point: these days, the old right wing vs left wing dichotomy is yet another corporate-sponsored straw man.

Let's repeat that: this isn't about left-wing versus right-wing.

There are many things which unite all of us across the political spectrum against the usurpation of our political system by corporate interests, and promoting a false opposition between "right wing" and "left wing" serves only to divide us when we shouldn't be. It serves the corporate interests perfectly to encourage the illusion that we should fight one another, not them.

The dichotomy today is not between right wing and left wing, but between corporate corruption, and elected government. Corporate corruption doesn't care what shade of political colour it goes by - that's just window-dressing, witness the fact that it currently makes no odds whether new labour or tory are in power. Corporate corruption wants to remain in the shadows, distracting us with lights, smoke, and mirrors of the familiar pea-under-the-shell of so-called parliamentary democracy. We have a one party corporate state masquerading as a two-party democratic one. Plus the Lib Dems, the only party with any real policies - and look what the corporate media nobblers have done to them - no one will vote for them with a barge pole.

Until we realise that it's our democratic system we're actually fighting for, and not some ephemeral old-fashioned right vs left, the corporates will continue to win, leaving us dazzled and distracted.

All believers in a democratic system, right wing or left wing or whatever, need to join forces to kick these bastards in the nuts and reclaim our country. All else is delusion.

Bring back Glass Steagal. Prosecute these bastards. Dismantle the corporate fascist machine of big business-government-media before it finally tears our society apart.

Ironic it's the anniversary of the Wall. They're building another, right now, and we're letting them.

But Manuscripts Don't Burn says this: we're onto you, you bastards. Spread the word. This will not stand.

The Second English Civil War has begun

Manuscripts Don't Burn would like to comment on the (currently) bloodless civil war developing in the United Kingdom.

Up until the moment the economy began to collapse, the UK had been increasingly ruled by a cartel of government / civil service, media and press barons, and big business - a particularly chummy form of corporate fascism. Recently that cartel has started to come apart at the seams, and we are witness to (and in many cases victims of) the fallout.

Where did it start?

The media used to be so *friendly* with the government, towing the party line and casting positive spin on its antics as it sucked up to the banksters. Alternative voices were squashed, all in the name of "growth", "profit", and "efficiency". The media were the public face of big business (indeed, being OWNED by big business, they could be little else), but as big business began to own government, too, the media increasingly showered praise on the political class. One, big, happy corporate fascist dictatorship, milking the proles and living off the fat of the land.

Then, at some point the government started to clamp down on public freedoms, in preparation for the inevitable economic collapse. 911 was the catalyst; it postponed the recession which the 1998 crisis should have precipitated, and gave governments breathing space to put draconian laws in place. Somewhere that crossed over to include press freedoms, and investigative journalists were laid off in their thousands. As recently as the G20, the government tacitly authorised our out-of-control police force to beat up journalists at the G20 et al. And all the time, public pressure mounted on the government to take actions which ran counter to what big business wanted to see - endless bailouts, and the distribution of wealth from the poor to the rich: the usual solutions to a depression.

So - the tax hike for the high earners. A sop to the masses. More than hurting the pockets of media and press barons, and banksters alike (although the latter are still stuffing their pockets with "windfall" bailouts as quickly as they can), that stung the corporate fascists' pride. How dare this government act against them! Don't they know who they work for? Almost immediately afterwards, the "expenses scandal" breaks out. A status quo which has existed for decades is suddenly in the spotlight, and the government is in the media's firing line.

Coincidence? No such thing. It's a power struggle, a confused, crappy struggle, between short-sighted greedy vested interests. The factions aren't even clear-drawn; there are parts of the government fighting the media and the banksters, parts collaborating, parts just trying to get by any old how whilst they stuff their pockets and head off to better climes.

At times like this, beware of distractions. Beware, too, of being manipulated. The media, instructed by their press baron owners and bankster chums, *want* the government pilloried until it backs down or collapses.

And heaven forbid we should get media-led political reform. Guess whose benefit that would work towards?

Not ours, comrades. Not ours. None of this is for our benefit - it never is.

Cor... ain't it quiet?

Is it us, or has everything suddenly gone quiet on the economic cataclysm front since Obama's Imperial Passage? Sure, we've had plenty of police brutality and slanderous emails to keep our salacious palates slaked, but - erm, hello? The global economy, vanishing up its own backside with a dreadful, schlupping sound? Anybody?

Noooo... It's the elephant in the room. Manuscripts Don't Burn would like to break radio silence following the media fanfare today that - Thank God! - we've finally had a month where we've ACTUALLY had deflation, despite the corporate media and government banging on incessantly about how HUGE the danger is. And we only had to cook the books a bit! Huzzah!

Here's our question: is anybody out there actually experiencing deflation in their everyday lives? Mmm? No. Thought not. Next question: is anybody out there actually experiencing humongous inflationary problems with council taxes, utility bills, even food, whilst their wages / salaries / pensions / incomes remain static, if not falling? Whoa there! Thought so!

Yup, they're lying to us again. And we're swallowing it. Doesn't anybody *read* histories of the Great Depression? We're now heading for the nightmare scenario: falling wages and out of control inflation. God help those of us who have debt.

Bottom line: in order to justify stuffing their pockets with taxpayers money past, present, and future, it's necessary for the Powers That Be to convince us all there's a terrible, terrible danger for life, liberty, and the Safety of the Whole Goddamn World if they don't. And deflation is the bugbear.

Ask any economist who isn't on the payroll of the corporate fascists. A bank is failing? Let it fail. We'll have 12 months economic mayhem as all the banks go bust, then we'll straighten out. But no - capitalism is all about the socialization of the losses of the rich, ie the poor people pay for the rich people's losses by increased taxes. So that's what we're being forced to swallow, like it or not. This way, the agony will drag out for the next 3 years, churning through the real economy, creating massive unemployment, collapse, civil unrest, shortages, misery, and probably down and out rationing, war, and clamp-down. Then, when we finally hit rockbottom and we've finally given absolutely everything we've got to the Corporate Feudalists, and are all much, much, poorer, we'll have a nice decade of austerity and backbreaking work to build it all up again. Lest we forget? Don't make us laugh.

Here's another one, a "Lest We Forget" for the 21st century: BOHICA. Bend Over, Here It Comes Again.

Beware Chancellors saying it'll be over by Christmas! Just as well that nice Mr Obama is such a smiley, smiley man. Lovely. Ration coupon, anybody? Or how about a nice war bonds? Got to do your bit!

Ask Not What Your Banks Can Do For You...

People keep assuming that this disastrous situation is some kind of accident. That our political leaders have somehow been terrible silly-billies and - oops! - accidentally impoverished most of the population of the UK for a generation to come and given all the money to a bunch of cut-throat rich bastards. Whoops! Golly - how silly of them! Can't think what came over them...

This situation is deliberate, and unfolding correctly. Thirty years ago Maggie commenced a great redistribution of wealth in the UK, from the poor to the rich, reversing the more egalitarian redistributions which had taken place since the Second World War. This "great redistribution" has continued steadily since, with each successive government simply being clerks and spokespeople for the big business and landed interests who pushed onwards with this redistribution at all costs. This so-called "collapse" is simply another stage in this process.

We now face a return to the pre-war status quo - possibly even pre-WW1 status quo - of a vastly impoverished majority living lives of indebted indenture in squalid tenements whilst a minority corporacy pull the strings of government and economy. And, to recap, none of this is accidental - it's been happening gradually, over the past generation.

The problem is of course that most people are trying to resolve this situation as if it is some big, silly mistake, some oops-missus accident that just accidentally happens to land BILLIONS of taxpayer pounds in the pockets of the super-rich, at the head of an unprecendented massive transfer of assets (property, etc) from poor to rich.

Let's be clear: we will achieve no solution whilst we treat this situation as an accident. The government, the banks, the corporacy, are managing this so-called collapse in their own interests, and simply foster talk of fixes as a distraction whilst sequential bailouts transfer ever-increasing amounts of wealth into their pockets at our expense.

We will only resolve this situation once we recognise that the "system" is ACTIVELY BEING MANAGED AGAINST OUR OWN INTERESTS. Tony Benn, bless his cotton socks, once said that the best thing about democracy was that it was possible to change government without bloodshed.

Not this time, Tony. This time, they're even making us pay for our own handcuffs...

Manuscripts Don't Burn is afraid civil disobedience or abject submission are the only "choices" here. Knowing the mindset of the British, we (along with hundreds of thousands of others) have provisionally liquidated our assets and left the country... We see no need to starve in an open prison and be forced to pay for the privilege.

Economic Collapse: Golem XIV summarises the situation again

On this historic day, Manuscripts Don't Burn would like to present Guardian commentator GolemXIV's excellent summary of the UK government's latest bailout plan. Thank you GolemXIV! The lunatics are indeed running the asylum; we see dark days of protest and bloodshed ahead.

*****

This could be the most expensive suicide note in history!

This plan is exchanging a possible run on the banks with a possible run on the whole country, its tax base, and its currency.

Let's be clear about what we are insuring. We are going to insure stuff that the insurance world refuses to insure. How great is that. Insurers such as AIG did insure this stuff. Only problem is AIG itself is bankrupt. Bailed out three times already for over $100B and still dropping like a stone.

We are going to insure securities and derivatives based on Mortgage and corporate debts. Very many, if not most, originated in the US. By definition all these debts are close to worthless. And yet we are going to guarantee to pay the morons who bought the assets - or derivatives based on the value of those assets - either the full price tey paid or something near to it.

Which raises the question - To what level are we insuring them? If it's up to the full face value then as a nation this is a suicide note. I can only hope the insurance is based on a much lower valuation of but shares. But my guess is that even if there is a lower valuation it will still be suicidally high. Only the higher value will please the 'markets'. AKA the people who created the mess in the first place.

Why are they doing this? The reasoning is that the banks are going to continue to take massive losses. They all know this. The governments don't want to have to pay huge lumps of cash to cover these losses before they have to. Cash injections are large lumps. Insurance is only paid as and when each 'asset' has to come to the market and be declare formally dead. So insuring means we don't have to make one vast lump payment.

The down side however, is that our potential losses are potentially unlimited.

I know Darling says they will look at the assets and declare a limit. Yeah fine. But in practical terms the insurance plan will only 'restore confidence' if it is seen to work over the long term going forward. Which means even if they declare a limit, when we reach that limit they will be force do t extend it. For if they don't then all the money spent up to that point will have been wasted. SO the government will tell us we can't waste all the money spent so far, we must 'see it through'.

I know they banks will 'pay' us a premium. But that premium will be paid with the cash we gave them 6 months ago. So they won't be paying anything.

We don't have any of the money we are pledging. And what is more we are not going to be able to borrow it. So we are going to print.

*****

The Great Depression Phase 2 - The Crash Quickens Pace

This morning, the British government announced its plans to insure all the crap debt the UK banking system has taken upon itself, effectively bankrupting the country. This is a historic moment: rather than a rapid, precipitous collapse, and a possible rebuilding in a 2-5 year timeframe, resulting in a new economic status quo where the reckless fat cats have gone to the wall in accordance with their beloved "market forces", our supine government has once again shown its loyalty is to big business, and not to the British electorate. It has elected to give unlimited guarantees to the debt-ridden financial sector, thereby turning a 2-5 recession into a Depression which will last a minimum of 10 years. The last time the UK took on a debt liability of this size was the Second World War: it took 50 years to pay that off. This at least is what we are looking at again.

Manuscripts Don't Burn has said this again and again: the biggest wealth transfer in history, from poor to rich, continues apace, reversing all the social egalitarian successes of the post-war era. When the dust settles, we will be back in 1910, with most of the population living as impoverished tenants working off indenture and grateful for the crumbs thrown from the tables of the rich.

But first - the collapse of sterling, hyperinflation, and national bankruptcy. Only now does the tip of the CDS iceberg begin to heave into view.

The fat cats are stuffing their pockets with what little is left of taxpayers' assets, and presumably leaving these shores like rats deserting a sinking ship. Manuscripts Don't Burn took its "assets" and left the UK years ago for saner climes - mene mene tekel upharsin being scrawled everywhere we looked.

And then, of course, the ship sinks. Sauve qui peut, because NOBODY else will.

An Alternative New Year Message...

The media is awash with prognostication today, most drawing on some pre-war "all pull together" subtext either suggesting that everything's about to collapse and go to hell in a handcart, or that somehow, magically, a solution will appear if we all just knuckle under and do as we're told.

Manuscripts Don't Burn doesn't think any of this is anywhere near good enough. We have an emergent global civilization, enough technology and sophistication to resolve world poverty, hunger, destitution, and homelessness at a fraction of the cost of the cynical jobs-for-the-boys of the War on Turr, and instead we piss it all up against the wall and congratulate ourselves for being so liberal with our irrigational generosity.

We need a slap in the face, now more than ever. Just as our economic miracle is about to catapult us into poverty, civil unrest, and the danger of yet-another artificially instigated war (to wipe out the old surpluses and generate some REAL demand...), Manuscripts Don't Burn would just like to offer a lone voice, crying out amidst the censorship of cacophony that the modern world has become. In Kafka's The Trial, Josef K happens by "chance" into a cathedral, where a preacher is waiting for him in the pulpit. Josef K approaches, passive-aggressive, "what are you looking at", "I'm doing everything I can". The preacher leans over from the pulpit, his face an appalling picture of horror as though seeing a man walking blindly over a precipice, and cries "WHAT THE HELL DO YOU THINK YOU ARE DOING?"

Manuscripts Don't Burn would like to offer this post in the same spirit.

The time is overdue for us to realise that all of us in Western Civilization are guilty of a singular failure of imagination. The levels of technology and sophistication we have achieved could - TODAY - be being used to ensure that basic food, shelter, utilities, education, and healthcare for the whole globe should be unconditionally free and a basic human right. To ensure that once these rudimentary basics of life are finally given free, gratis, for granted, we could all get on with the real business of life - personal development, societal improvement, evolving into what we believe we should be, rather than floundering in the muck.

We should be disgusted with ourselves, that instead of embracing this bright new future, we have voluntarily opted to remain in a stagnant late Capitalism where a bunch of cynical criminals are allowed to manipulate our societies with artificial war, conflict, and scarcity, so that all of our wealth- and livelihood-creation is syphoned off into their bottomless fat cat pockets, and the rest of us have to keep buggering about spending all of our pointless days scrabbling around for a roof over our heads and enough food for eat - when in reality there is of course already plenty to go round.

The time is long past for a collective decision that this IS NOT GOOD ENOUGH, and we finally have to pull our fingers out, take responsibility for our civilization, and do something about this absurd situation of self-imprisonment and self-impoverishment in the name of some dodgy outdated ideology.

Our civilization has the power to GET BRAVE AND CREATIVE AGAIN; the strength to say no to crapness and cynicism, to dare to dream to aim for something better.

Sometimes in history we reach turning points, when a brave hand and a willing imagination could take our civilization a quantum leap forward. We had one after the Second World War; the history of the past 30 years have been one of the retrenchment of the old guard to try and tear down those hard-won social and cultural achievements in the name of a divisive inequality. Here we are again; this time, the odds are stacked against us, and the reactionaries have their pockets wide open to receive the last few drops of blood they can squeeze out of us. Hands up who's prepared to keep assuming the position?

Our Predictions for 2009...

In the spirit of "New Year Messages", divining from the entrails of the dead economy, and the general prognosticating fever of the end-year period, Manuscripts Don't Burn would like to indulge in a little lighthearted speculation about what the coming twelve months might hold in store for the UK.

In 2009, the media will become almost hysterical about how marvellous it is for everyone to tighten their belts, pull together, and learn to darn our own socks. Words like "tempered in the fires of adversity", "school of hard knocks", and "Dunkirk spirit" will turn most tabloids into soggy repetitive clones.

And all the while the newspapers and tv channels will be desperately trying to distract everyone's attention away from the huge, turd-bomb of an elephant in the room: that the UK is in the throes of economic collapse, and the rich bastards are desperately stuffing their pockets and getting the hell out like rats leaving a sinking ship. Bailouts will proliferate, funnelling public money into private hands at an ever-increasing rate. Banks will repossess willy-nilly, and there will be no recourse other than... another government bailout.

The ship probably won't sink in 2009 - that'll more likely be 2010-11, after a long period of near lawlessness, rationing, food queues, power shortages, utility breakdowns, hunger, disease outbreaks (which will never *actually* be found to be due to the uncollected rubbish piling up in the streets) and civil unrest, which will be dealt with EXTREMELY violently by the police and army and consistently blamed on "anarchists" and "terrorist sympathisers". Thousands of British, students, unemployed, and concerned subjects of her majesty will be locked up without trial during these grim days. Tasers will be used on anyone so much as waving a placard. "I've done nothing wrong so I've nothing to fear" will be exposed as the cowardly sham it is.

Finally, once all the wealth that can be extracted has been extracted and the corporate fascists are safely installed in their heavily-defended tax havens, the EU will be called in to mop up the whole sorry mess. Like with East Germany in the nineties, Europe, despite having suffered its own knocks in the global depression, will shoulder the immense debt burden of putting what's left of England back on its feet again.

The only remaining question will be: will the huge landowners in England, who basically "own" us all anyway, go peacefully, be bribed with new laws which let them keep their millions of tax-free acres behind gated compounds, or have to be strung up before they'll let the rest of us get on with rebuilding the country? That one remains to be seen.

Either way, next year is unpleasant. The year that everything starts to go to hell.

Oh - and "abroad": Israel, Iran, Pakistan, India, China, US... There'll be lots of emotive news programs on Sky TV telling us how we should feel about the citizens of country X getting blown up by country Y - horrified, justified, indignant, or just plain "it's all a long, long way away and doesn't affect me..." Likely we'll all be far too busy to care - same goes for climate change too.

The most terrifying thing about "abroad" will be the out-and-out refusal to engage productively with Russia, which will continue its slide towards aggressive national socialism, bashing everyone over the heads with threats to cut off the gas and eventually the oil. It's an unending irony that, just as following WW1 the victors hammered Germany into the ground rather than rebuilding and extending hands of cooperation, thereby reaping disaster two decades down the line, the international community, led by the nightmare BushCo, saw fit to avenge itself on the fallen giant of the Soviet Union in the 1990s and try to ruin and dismember it, rather than offering the hand of understanding and friendship. Now, once again, just at the moment when we should be really paying attention and engaging diplomatically, we'll leave the Russians to stew as they suffer their own "Consequences of the Wall Street Crash", and similar to Germany in the 1930s, we'll reap the whirlwind as their society lurches to a vengeful right-wing extreme government intent on restoring national pride, whatever the cost.

Historians will wonder how we were all so blind. But we weren't, were we? It's not rocket science. It's just that we didn't *do* anything about it, dithering tomnoddies blustering about bugger-all... The tragedy of humankind is that it is so easily induced to forget...

US Elections: Dare we even hope...?

Manuscripts Don't Burn is going to shed its customary cynicism and world-weariness today. The times are too few when one can do so legitimately, and it would be wrong not to take this rare chance to talk about something which has become a very rare commodity in our political lives today. Hope.

Now, after the election, is the most difficult time. After 8 years of cynicism, we have the tiniest chance to dare to hope again.

Is Obama for real? Or is he just another puppet for the corporate feudalists? Will he let us down like the New Labor victory of Tony Blair in 1997 let the people of the UK down? They promised us a new age - and delivered a New World Order. It is no surprise we find it hard to dare to believe...

Will the neocons even let Obama serve? After JFK, RFK, Martin Luther King, after 911, Guantanamo, Abu-Ghraib, is it any wonder why we look for snipers in the shadows, grassy knolls, false flags? There are 11 weeks still to go before the inauguration... a lot can still happen. We are still holding our breaths.

To have hope back after so many years of cynical Machiavellian hopelessness and neocon PNAC warmongering, exploitation, and trashing of human rights and the constitution, is almost too much to bear.

But there you have it - hope is back on the agenda.

For once, Manuscripts Don't Burn will not stoop to pouring cynicism and scorn on this historic day. We will give him a chance. Over to you, Mr. President...

US Elections: Raising the spectre of the "Stolen Election"

The media have been buzzing over the past few days with talk of possible irregularities in the upcoming US elections. The BBC are reporting a Warning over US election problems, suggesting record numbers turning out to vote and the new (and still dodgy) voting machines could cause havoc on the day. The Daily Telegraph is even more candid: Police fear riots if Barack Obama loses US election, explaining how SWAT teams are in place in Democratic areas to "deal with" problems should Obama's 5-13 point lead somehow mysteriously vanish and McCain end up the winner.

Manuscripts Don't Burn boils this down to a simple question. After the extremely dubious results of the last two US elections, which international observers were not allowed to attend, is the BushCo corporacy going to let go of power to a Democrat, particularly a populist bi-partisan Kennedy figure like Obama. It's a tough call. On the one side, with the economy on the verge of total collapse once the Credit Default Swap tsunami arrives (probably in January), it's not going to be an easy ride for whoever is running the country. However, the possibilities of increased authoritarianism which economic collapse brings is bound to appeal to the Cheney mindset, even if the increasing potential for heavy-handed control comes at the price of economic chaos.

So, twisting our arm, Manuscripts Don't Burn predicts that McCain - Palin will just scrape a victory, by the skin of their teeth, and Obama, like Gore and Kerry before him, will step back from contesting the results "in the interests of national unity". The media will attribute this to a "massive Republican grassroots response" and "increased voter turnout turning opinion polls on their heads". Yes, there will be huge irregularities, yes, the Diebold voting machines will be hammered for having no paper trail, yes, there will be riots and blood on the streets, but, at the end of the day, we don't believe BushCo will step down without a fight.

Of course, there is one good reason why Obama might still win - corporacy support. Despite the fact that he'll be prosecuting numerous banksters over the fraud of the economic collapse, he is possibly better for business right now than BushCo's endless expensive wars. A period of economic and political stability right now would allow the corporacy a breathing space to gather itself together for the next stage of the putsch - large-scale currency and regulatory trading blocs - and possible calm the increasingly restive masses with some acceptable leftist window-dressing and "I'm on your side" emoting. But that might presuppose that the corporacy actually gives a damn, which more and more it appears not to - witness the recent heavy-handed mass arrests during the Republican convention.

So, Manuscripts Don't Burn hazards a McCain win, whilst praying for Obama. The only other factor is the American people. Thank heavens the corporacy hasn't been able to disarm these guys yet, unlike the heavily surveilled masses in the UK.

Growth Junkies: Why we are here in the first place

Manuscripts Don't Burn continues to pillage the Guardian website today as extremely sound analysis of the financial meltdown develops. Next, blogger SocialistMike, furthering GolemXIV's analysis of the CDO tsunami with an analysis of the relentless capitalist drive for growth - what got us into this insane situation in the first place.

SocialistMike:

"Golem is right about the CDS nightmare hanging over the financial system, but doesn't touch on why we are in the crisis.

"It is because of over-production of commodities and a resulting over-extension of commercial activity and credit. Profits are great in the upturn and it is all reinvested in more machines, more warehouses and transport, more commodities and yet more profit. Soon markets become saturated as the workers producing the goods, whose wages have been held down to boost profits (trickle down etc), can no longer afford to buy what they produce and have to turn to credit, supplied by the very same growing profits of production and retail.

"We have a circuit of capital: investment, consumption, profit, reinvestment. The more profit the more loan capital is available for more credit, both to producers, distributors and consumers. The more loan capital is available the harder it is to find profit from actual production so speculation in credit and future profits starts, based on the loans that producers give to sellers, that sellers give to consumers, on what commodities and assets are expected to return in the future, etc etc. Paper money (meaning bonds, shares, futures, commercial paper etc) comes to replace and equal real money in tradeable value producing more 'profits' that need to be reinvested but with nowhere to go except back into ever higher levels of abstracted speculation in paper. But suddenly the cracks in reality can no longer be covered up. There is a dawning realisation that most of this credit will not be paid back, that it alone is supporting the whole of production and comsumption. Panic ensues.

"Crises are always caused by the same thing - an unequal distribution of the proceeds leads to over production relative to consumption as each capitalist and investor seeks the hightest profit for themselves in a reducing sphere of opportunity.

"Capitalism forces all of us - bosses and workers - to dance to its tune. There is no choice for a capitalist in an upturn - they must competitively reinvest for greater profit or be eaten alive thereby bringing on the crisis - or a downturn - their capital is tied up in unsold commodities and credit is suddenly unavailable from the banks so there are firesales and firings, cutbacks and economies all contibuting furhter to the crisis.

"They must act as a herd; there is no room for reason and objectivity at any stage of the capitalist process of production for any of those involved in it, which is everyone."

*****

Manuscripts Don't Burn has constantly argued against our society being structured for the benefit of the economy (as a mathematical construct) rather than for the benefit of its members - which invariably leads to the nonsense we see today. As Gandhi famously said, what's so great about growth anyway? Growth is the mantra of late Imperialist capitalism, and it needs to be exposed for the hollow, inhuman dogma it is. In its drive for ever greater "efficiency", more and more people are laid off, fewer people are asked to do more work, prices are cut, and eventually no one can afford the goods they are producing. Hey presto - 2008, and people are buying their food on credit cards.

Manuscripts Don't Burn notes the increasing howls of anger and outrage from around the world as the powers that be stuff their pockets and jump the sinking ship whilst the rest of us are left to drown. We also note the increasing polarization into extreme left and extreme right in public opinion - so wearyingly familiar. Dumbing down the education system so that no one knows their history may make people easier to control, but it does mean we just keep on making the same old mistakes.

Manuscripts Don't Burn can see no option other than a re-creation of the labor movement, with all the government oppression, thuggery, and violence that entails. The labor movement and union power was not created because it was "just", "right" or "cool" - it was created because people were starving and the rich-sponsored police clubbed down anyone who complained. Tony Benn once lauded our system for being able to change government without there being blood on the streets: Manuscripts Don't Burn fears those days are over, and agitation and mobilization is the only way out. Every now and then it behoves a generation to fight for the lives of those still to come; Manuscripts Don't Burn had hoped to get through without it happening to us. Sadly, it doesn't look like that's going to happen.

The Tsunami Offshore: the on-coming CDS meltdown

The blogosphere has been buzzing the past few weeks with talk of the huge Credit Default Swap tsunami currently being held offshore by the global bail-out. Speculation is that it'll come crashing in shortly after the US elections - the stability of which is the main reason our futures have been hocked.

This morning blogger GolemXIV posted the following summary of where we're currently at on the Guardian website. Manuscripts Don't Burn cannot better it, so with due credit to GolemIV, we'd like to post it in its entirety. You can see the original here.

"We are entering the second and more dangerous phase of this financial melt down. As corporations begin to go down the CDS and CDO's written on their debt will blow up.

"When they do, the holders lose massive amounts of money. They are losing often 90 cents in every dollar. Most of the institutions making these losses are also still highly leveraged. This means a small loss is enough to force them to have to raise more real cash to cover their losses and replace their capital holdings.

"To raise the cash they have to sell assets, call in debts or seek yet more help from the governments.

"Selling assets is depressing the value of those asset types on the market making all the other holders of that kind of asset a little bit poorer. Bringing them, in turn, a little closer to having to sell themselves.

"Calling in debts forces those from whom you call in the debts closer to bankruptcy. This is the situation with Gmac the finance arm of GM. It is virtually bankrupt and may file very soon. To stave that off, Gmac is forcing the GM dealers to whom it has loaned money to pay up. They are starting to go bust. They default on loans and round we go.

"Sovereign nations have been offering themselves as the backstop to every bad debt brought to them. If they don't stop NOW they will find their own debt, sovereign national debt, is down graded. This may happen to US national debt quite soon.

"Once that happens we are facing a Bond market dislocation. After that I won't be writing any more as there will be no point.

"This is NOT a liquidity crisis it is a Solvency crisis. The banks are insolvent. They know it. It is why they won't lend. The only lending they are doing is on the basis of the real cash the governments have injected. The governments have essentially created little banks inside the carcasses of the banks who are still poisoning the financial stream with all the worthless and toxic debt backed paper they refuse to admit is worthless.

"The banks and governments have refused to admit these assets are worthless. Refused to force them out and to take the losses and begin to rebuild.

"All that is happening is the real worthlessness of the paper is leaking out slowly as one entity after another is poisoned and goes under. Basically the stuff is putrefying and leaking out.

"This isn't rocket science. Even though the bankers would like you to think it is.

"Imagine a group of men walking across an ice sheet. They are roped together for safety. Or as the financial world characterizes it - to spread the risk. Great in theory. But each man is carrying an anvil of debt. One man, lets call him Lehman, falls through. The ropes tighten, everybody stops still. No one can move. Lending stops.

"What they should do is collectively put down their anvils and let them slip down the hole Lehman made. Huge losses but the ice is safe, then hole doesn't widen. But none of them will do this. Each is convinced that one day their anvil of debt will turn to gold and they'll be rich once more. So they stand there slowly dragging each other towards the hole.

"As they get pulled closer together, their combined weight threatens to crash the entire ice sheet. The bad news is WE are all living on that sheet."

Welcome to the Revolution...

Today our societies suffer from a massive disconnect between the world we *think* we live in, and the world we actually live in. Thanks to the propaganda fed to us every day of our lives, we think we live in a "modern" world of democracy, freedom of speech, and individual liberty. In actual fact we live in a world which is barely post-feudal, encumbered by Imperialist caste systems and hierarchies, and switching over from late Imperialism to proto-fascism (call it "corporate feudalism" if you will) during our lifetimes. Note the distinct lack of words like "freedom" and "democracy" in the above.

Marketing and window-dressing is all - the virtuosity of spin. Even in the Middle Ages, when people were chopping one another up on the flimsiest of pretexts and with alarming alacrity, the prevailing dogma was a Candidean "all for the best in the best of all possible worlds", that the state was structured "as God ordained it", and that the world was one of universal brotherhood and love. When of course nothing could be further than the truth. It should give all of us pause when we blather on about freedom and democracy - the West is a loose mercantile coalition of one party states masquerading as two party states. The reason the US elections pretty much fall 50/50 each time is because people vote pretty much randomly - there are no real issues to distinguish them. "What color chains do you want today?"

To paraphrase Orwell, revolution never comes from the "proles". Western history documents several so-called revolutions - English in the 17th century, American and French in the 18th century, a close call Europe-wide in 1848, the Russian in 1905-17, Chinese in 1949, etc, etc. In none of these were the leaders from the working class; quite the opposite, they were from the disgruntled mercantile classes, looking to remove the glass-ceilings of inherited privilege. And they worked - but only by recruiting the proles to their side by LOTS of egalitarian-sounding marketing.

We are facing a similar Revolution today. Twenty years ago the Cold War began to crumble. Since then, the old guard have struggled to stay in power - finding us a new Bogey Man (in a beard and turban this time) to drum up population-controlling fear, and desperately trying to keep the old oppositional us-and-them confrontation going to feed the military-industrial complex which drove 20th century history from start to finish. With the most Orwellian of irony, the old world order even tried to sell itself to us as the New World Order. Some people bought it; someone always does.

But there is a bunch of mitteltier rebels out there trying to break the NWO glass ceiling; and it's the merchants, again. There are resources *everywhere* available for exploitation today, and the corporate feudalists want to *get at them*! In every Western country over the past decade we've seen corporate interests and government interests gradually become the same - actually the definition of fascism - but in clear opposition (most of the time) to the OWO/NWO.

Hence today's Revolution. The OWO/NWO is collapsing under the weight of its own inertia; in its place, a much more agile corporacy, perhaps not quite global yet, but heading in that direction. As with most Revolutions, its going to be disturbing to the peace of all of us for a while, but, uniquely, perhaps, this time, our New Masters, the corporate feudalists, would like to keep us Consuming and Producing just as before - it's simply the agenda that's changed. There's been a coup d'etat in the West.

Tragically, the rest of us are left blinking in the rubble, clutching our smoke-and-mirrors dreams of a free modern world of liberty and fraternity in tatters to our chests. To quote Starship Troopers (!), the only freedom any of us ever really have is figuring things out for ourselves. Bitter comfort, when you may be losing your house and savings to "historical necessity".

The trouble with Marx is that Lenin gave us the idea we could shortcut the historical dialectic, somehow jumping from "post-feudal late Imperialism" to "socialism-building-communism" in one fell swoop, hurdling possibly centuries of social development in a single bound. The aftermath of the Russian revolution gave the lie to Leninism. But Marx is still in there - we inch one step forwards, as capitalism comes face-to-face with its own contradictions when placed on a global stage. Now we get to post-capitalism - a kind of managed version of what we had, with hopefully some greater social controls. But, dang, is this social progress thing ever a slow business...

HG Wells in "The Shape of Things to Come" predicted total economic collapse and a century of rigorous self re-education before our society could reach some form of sensible organization. Here at Manuscripts Don't Burn we think that's optimistic; last week the US spent TEN TIMES the sum it would take to deal with global hunger on a "bailout" of its banking system, so we have a way to go yet before the era of universal brotherhood dawns.

Perhaps this is the eternal paradox of the intellectual. The world *could* be a paradise, if only people were... well, different... not like they are... weren't people, basically... if only they were more like us here at Manuscripts Don't Burn... oh, bother... ;-)

In this hinterland of history at the tale end of the Middle Ages, we can offer only this advice, from a dear friend who happens to run a Swiss bank investment company in the City in London: Keep it local. Show, don't tell. Create functioning communities and networks *where you are*. Sidestep the corporacy and create your own alternative system. Rebel in small things; don't watch advertising; don't follow the demands of the herd to be "alternative" in acceptable ways. Keep smiling, and crack targeted jokes. Never just mumble and let another overt oppression take place.

As the ex-mayor of London said, if voting changed anything, they'd abolish it.

Cause for hope or despondency? Manuscripts Don't Burn votes for Hope - at the price of eternal vigilance. Our civilization has a long way to go yet before it reaches the place our propaganda tells us it's already at. But that's no reason not to keep heading in that direction. It *is* the right direction.

Economic "Crisis": The Great Redistribution Continues Apace

The current state of the global economy - ie what happens to us all in the West - is only a crisis from the perspective of those on the receiving end. For the powers that be - the big banks, global corporations, and major landowners, everything is proceeding according to plan.

What we're witnessing is a particularly blatant episode in the huge redistribution of wealth from poor to rich which has been going on since the 1980s, reversing the more egalitarian post-war redistributions of the 50s and 60s. The poor are being divested of their ability to buy and hold property at an alarming rate, their "savings" are about to be destroyed by extremely high inflation, future education, welfare, public works, and healthcare budgets have just been spent in advance in the "bail-out", and assets with any concrete value are being placed into the hands of the mega-rich.

The future for most of us is indenture - lifelong indebtedness to the banks in return for a roof over our heads, little different from the indentured serfs and tenant farmers of the Middle Ages.

What floors us here at Manuscripts Don't Burn is the scale of their blatant audacity - not only harnessing the media-government complex over the past 20 years to ensure astronomical indebtedness amongst the population, but then actually forcing them to pay *twice* by "bailing out" the toxic debt which their pea-under-the-stone "trading instruments" have excreted. You couldn't make it up - as Dubya has so famously said, "You can fool some of the people all of the time - and those are the ones you should concentrate on".

Why aren't people rioting in the streets? Our allegedly-elected government has finally admitted it's in bed with big business and working directly against our interests, and we just roll over and turn the telly on?

Thank God at least our governments have been repealing our civil rights and introducing all that draconian "anti-terror" legislation. That way, they can club us down and lock us up when we start protesting at our coming homelessness and hungriness, and it'll all be legal!

Ignorance is Strength, indeed.

Irrelevant diversions as the price of food rockets...

The average UK family is facing a £1700-a-year utility and food bill increase over the past 12 months - that on a £20K gross salary. For most of the population, regardless of what the government says, actual experienced inflation is running at 10-15%.

It's inevitable, we are told. Poor harvests. Overpopulation. Global warming. "The era of cheap food is over." "We all have to tighten our belts and pull together - it'll be like the war again. It's the New Austerity."

Bullshit.

The elephant in the room is that we have food riots all around the world and looming shortages / starvation because a bunch of brokers are being allowed by supine governments to create a bubble in commodities (ie FOOD) to try and claw back some of the money they lost in the subprime fiasco (after they'd been "allowed" to flog off the backup foodstores we'd set aside to prevent this sort of thing happening).

It's not global warming, it's not overpopulation. Our governments are allowing private individuals to speculate with the global staple food and energy supply. Irresponsible laissez-faire and lack of planning is the crime, that and the fact that the media are not shouting the truth from the rooftops.

But, hey, this is corporate feudalism - it's cool if people die, as long as the brokers keep making their millions. We can always blame it on global warming and overpopulation! The poor saps will never cotton on till it's too late - then they'll be too hungry to do anything about it.

Buy coffee! Buy rice! Buy wheat! The price is gonna rocket once the people start dropping!

*****

Support material: Truthout.org, "Making a Killing from Hunger"