Archive for February, 2011

Leaving Lloyds TSB!

February 26, 2011

After 37 years as a customer of Lloyds TSB, I have decided to leave and go with a mutual!

Lloyds announced 2.2billion pounds worth of profit this week and yet shareholders are still not satisfied with the size of the rip off for cutomers like me (bank charges, huge interest rates on loans, dodgy customer service practices), yet we own 84% of this bank because of the bailout.

This “profit” should go to repaying the debt banks such as Lloyds got us into and the bank should be fully nationalised with a remit to invest in works that benefit us all as opposed to speculating pimps. If this happened I would be only to glad to stay with a bank that was once respected. As it is, I am not prepraed to contribute to those profits which will allow this robin hood government to steal from us and give to the rich by giving it back to the private sector.

I hope more Lloyds customers feel the same way and move to more socially enlightened financial institutions!

Its Official! NHS to become PHS!

February 25, 2011

“Sir” David Nicholson so called head of the NHS has dictated that the NHS should be prepared for big business takeovers of hospitials and where they can not become “competative”! (make a profit), they close!

These right wing market fundamentalist will stop at nothing seizing the opportunity to make a profit out of people’s ill health. Already US health insurance firms are lobby this corrupt government for a slice of the cake!

We are fast heading towards a PHS: PRIVATE HEALTH SERVICE, where your choice will depend on how much you can pay! Forget about need!

Free Market Greed explained!

February 23, 2011

Fred the Shred is the proprietor of a bar in Glasgow. In order to increase sales, he decides to allow his loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. He keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around and as a result increasing numbers of customers flood into Fred the Shreds  bar.

Taking advantage of his customers’ freedom from immediate payment constraints, Fred the Shred increases his prices for wine and beer, the most-consumed beverages. His sales volume increases massively.

A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Fred the Shred’s borrowing limit.

He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

At the bank’s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed.

Nevertheless, as their prices continuously climb, the securities become top-selling items.

One day, although the prices are still climbing, a risk manager (subsequently of course fired due to his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Fred the Shred’s  bar.

However they cannot pay back the debts.

Fred the Shred cannot fulfill his loan obligations and claims bankruptcy.

DRINKBOND and ALKBOND drop in price by 95%. PUKEBOND performs better, stabilizing in price after dropping by 80%.

The suppliers of Fred the Shred’s bar, having granted him generous payment due dates and having invested in the securities are faced with a new situation.

His wine supplier claims bankruptcy, his beer supplier is taken over by a competitor.

The bank is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties.

The funds required for this purpose are obtained by a tax levied on the non-drinkers.

Do you understand the madness of it all now?

Fire sale to big business!

February 23, 2011

If you think Thatcher was bad, you aint seen nothing yet. Only the judges (70% of them come from public school backgrounds like Cameron) and the security services (they are there to spy and smear ordinary people) are to be exempt from the sell off!

Free market Tyrants Ready to import Scabs!

February 22, 2011

The coalition are readying to attack workers’ rights to defend their jobs and communities.  Cameron aims to farm out public services to his big business friends and in doing so they are already making plans to kill the unions off  by stopping the check off (whereby union dues are deducted by the employer and then paid to the union) and recruiting scabs to break strikes.

Their friends in the corporate media are already character assassinating any union leader who dares to stand up to what is starkly, an attack on the democratic organisations of working people.

Bob Crow and Mark Sewotka have been targetted and it should be the duty of every trade unionist to stand along side them!

Best of all, the market dictator cavorts off to the middle east lecturing the Arab peoples on democracy. Who does he think were at the forefront of such unrest against dictators? Yes. you’ve got it! The trade unions!

Profiting From Blood Donations

February 21, 2011

You could not make it up! The National Blood Service which relies on ordinary decent people donating blood for free to save lives could be put in the hands of privateers. No doubt in the interests of competion, it will be sold off to two or three private companies who will then compete to sell the blood you give freely, to the highest bidder!

Sicko free marketeers stop at nothing!

Private monopolies are ok then Cameron?

February 21, 2011

I ask again! Why do we tolerate the private monopolies of the banks, supermarkets, oil and energy companies?

The answer is simple! Private greed before public need!

Market Hypocracy!

February 21, 2011

Our prime minister is to condem the monopoly of the state in delivering public provision which  any reasonably minded person knows, should be free from the market motive (profit and competition). Not so says he!

Profiteers should be able to make a killing from our childrens’ education, our health, and care for the elderly. He tries to sell this to us by citing better standards when we all know that profit is the motive.

And anyway, if he really is interested in doing away with monopolies, he should break up the banks, oil companies and supermarket giants to foster real competition, but we know he and his sidekicks don’t really believe in that, do they?