‘Anti-fascist’ cleric exposed as pervert

The front page of today’s Mail on Sunday exposes the Rev. Paul Flowers – former chairman of the Co-operative Bank – as a perverted drug abuser.

Nationalist activists in the North of England have been aware of Rev. Flowers for more than 20 years: he has frequently pontificated against “racism” in his role as a borough councillor, first in Rochdale and later in Bradford.

The main reason why Flowers involved himself in purchasing hard drugs – including cocaine, crystal meth and ketamine – was to ingratiate himself with young men whom he was grooming for sex.  The Mail on Sunday‘s revelations come from a 26-year-old homosexual whom 63-year-old Flowers had met via a “gay dating” website.  In one text message to this man, Rev. Flowers promised that a party he was planning was “turning into a two day, drug fuelled gay orgy!!!”

He was as good as his word, as the newspaper documents.

From 2010 until May 2013 Rev. Flowers earned £132,000 a year as chairman of the Co-op Bank, which had to be rescued by City institutions earlier this year after losing £700 million in six months.

In 2010 Rev. Flowers was appointed to the Finance and Industry Board of the Labour Party.  At the 2010 Labour Party Conference in Manchester he spoke on a specialist panel discussing “The Challenge for Financial Services: Helping the UK Economy Grow”, alongside Chris Leslie, who is now Shadow Chief Secretary to the Treasury on Ed Miliband’s front bench team.  Rev. Flowers is also a trustee of the AIDS charity the Terrence Higgins Trust.

Journalists are now understood to be re-examining the past role of Rev. Flowers as a Labour councillor in Rochdale, where he was vice-chairman of the council’s social services committee during a notorious investigation of child abuse more than twenty years ago. The town’s MP at the time was Sir Cyril Smith, a notorious paedophile whose abuse of young boys in Rochdale care homes was known back in the 1970s but has only recently been exposed by the national media.

Rev. Flowers’s own conviction for gross indecency came to light as long ago as 1990.  He had been fined by magistrates nine years earlier after committing the offence in a public lavatory in Southampton.  Click here to view a PDF of a 1990 article about the case.

This sordid record appears not to have concerned either the Methodist Church, the Labour Party or the Co-operative Bank.  Rev. Flowers himself had the chutzpah to write to The Guardian in November 2003 lambasting an Anglican archbishop for his comments about homosexuality.

On that occasion Rev. Flowers wrote: “sometimes truth is more important than weight of numbers”.  Quite so, and the truth about this obese, drug peddling pervert is now out!

 

 

Denmark: another European government in crisis

The anti-immigration Danish People’s Party (DF) is now running ahead of the governing Social Democrats (SD) in the latest opinion polls in Denmark, as reported this week in the Financial Times.

Danish PM Helle Thorning-Schmidt, with her husband and father-in-law Neil Kinnock

The DF stands at 17.4% in the poll, with the SD – led by Prime Minister Helle Thorning-Schmidt, daughter in law of former Labour leader Neil Kinnock – on 17.2%.  Ms Thorning-Schmidt took office in 2011 at the head of a coalition government but has been criticised by her own party for pursuing austerity policies similar to the UK’s Tory led coalition.

Danish voters are likely to be further disappointed even in the DF, since although they are anti-immigration they are an ideologically amorphous populist party, posing no real challenge to the failed political elites of Europe.

Financial crisis “as bad as a world war” says Bank of England official

A top Bank of England official has admitted that the impact of the UK’s financial crisis will be as bad as a world war.

Andrew Haldane told the BBC:

“In terms of the loss of incomes and outputs, this is as bad as a world war. That is the scale we are talking about.

“If we are fortunate, the cost of the crisis will be paid for by our children. More likely it will still be being paid for by our grandchildren.”

He also hit out at bankers’ pay:

“Back in 1980, your average investment banker was paid the same as your average lawyer or doctor. By the time we got to 2006, they were being paid four times as much.”

While Mr Haldane’s conversion is perhaps to be welcomed, one has to ask – just where was he (and all the other Bank of England officials) when all of these disastrous developments were under way. Mr Haldane has worked at the Bank since 1989, soon after leaving university.

UK Government cuts begin to bite – but £7bn overseas aid budget protected

bankcrash

As the new Government’s budget cuts threaten to add another million or two to the dole queues, and VAT increases consume more of the average household’s shrinking budget, one area of government spending remains sacrosanct.

Despite decades of notorious corruption, the U.K.’s £7 billion overseas aid budget is untouchable. A recent survey has shown that only 6% of British voters support the notion that this area of spending should be ringfenced, but that’s exactly what the politically correct Cameron-Clegg coalition is going to do.

43% of the voting public want immediate cuts in overseas aid – but that’s the last thing that the Westminster establishment is going to give them. Many political interest groups benefit from foreign aid spending, such as the £1.2 million given to the TUC to sponsor events such as ‘International Women’s Day’, featuring ‘Caribbean food and musical theme’ – as though England didn’t have enough ‘Caribbean culture’ already!

See last year’s Fake Aid report. (2MB PDF file)

Britain may be forced to bail out Greece

Words fail me... If this goes ahead, people should be taking to the streets in their millions over it!

DAILY TELEGRAPH, 10 Feb 2010: Britain could be forced to help bail-out some of Europe’s crisis-hit economies with tens of billions of pounds, it is feared. (Britain contributes 20 per cent of the EU budget.)

Gordon Brown is under mounting pressure from MPs on all sides to ensure that only eurozone countries contribute to a bail-out of Greece, whose economy is teetering on the brink of collapse.

The Prime Minister will this morning arrive in Brussels for a crucial European leaders’ summit amid fears that the UK could get dragged into a full European Union bail out plan.

Downing Street, however, insisted that the focus of responsibility should fall on the eurozone countries and, failing that, a G20 group of leading nations solution.

Last night European officials were involved in furious efforts to try and complete a €20 billion rescue package, designed to halt the looming crisis in Greece before it spreads to other countries. France and Germany were at the forefront of the eurozone negotiations.

However, Mr Brown – when challenged in the Commons over Britain’s position – was unable to rule out Britain’s involvement in a a Greek rescue package.

Link to full article [external site]

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Also, an article by a financial commentator on the same subject click here [external site]

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And an interesting business site’s view on the Euro and the Rise of Nationalism across Europe [external site]

Firms Face New Curbs on Pay

Financial Services industry responds to US plans to expand $500,000 salary cap and UK’s new 50% bankers’ bonus tax. Have these investment bankers no shame?

WALL STREET JOURNAL, 10 Dec 2009: Authorities on both sides of the Atlantic are moving to enact tough curbs on pay, in an indication that governments are taking increasingly aggressive steps to rein in compensation after the financial crisis.

[snip]

The U.K. tax, unveiled as part of the government’s tax-and-spending, or pre-budget, report, is an effort by the ruling Labour Party to address public anger over bonuses before next year’s general election. It will also apply to the thousands of Americans employed by major U.S. banks that operate in London, such as Citigroup Inc., J.P. Morgan Chase & Co., Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc.

The U.K.’s announcement has already spurred employees of some U.K. banks to inquire about a temporary transfer to other offices through April, to avoid the tax, says one person close to the matter. When the news hit Wednesday, flurries of emails from colleagues in New York and elsewhere landed in the inboxes of bankers in London, expressing disbelief or offering sympathy over news of the bonus crackdown.

Read full article [external link]

Copenhagen climate summit: Carbon trading fraudsters in Europe pocket €5bn

Carbon trading fraudsters may have accounted for up to 90pc of all market activity in some European countries, with criminals pocketing an estimated €5bn (£4.5bn) mainly in Britain, France, Spain, Denmark and Holland, according to Europol, the European law enforcement agency.

DAILY TELEGRAPH, 10 Dec 2009: The revelation caused embarrassment for European Union negotiators at the Copenhagen climate change summit yesterday, where they have been pushing for an expansion of their system across the globe to penalise heavy emitters of carbon dioxide.

Rob Wainwright, the director of serious crime squad, said large-scale organised criminal activity had “endangered the credibility” of the current carbon trading system.

“We have been talking to Europol over the last weeks,” said one EU senior delegate, after she was asked whether the European Union-run scheme was still viable. “We are making some fixes.”

Yesterday, the UK delegation released a paper calling for the “expansion of carbon markets”, in order to use the profits for a fund to help developing nations tackle climate change.

Read full article [external link]

Bank bail-out: every family shouldering £4,350 tax liability

Every family in the country is now facing a tax liability of £4,350 to prop up Britain’s banking system.

DAILY TELEGRAPH, 4 Nov 2009: Alistair Darling yesterday unveiled the biggest bail-out of any bank in history.

The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, declaring that this was the only way to keep it alive.

Taxpayers have now poured a total of £53.5 billion into RBS alone, including the £20 billion part-nationalisation last year and another £8 billion set aside yesterday as insurance against further trouble in the future.

In total, the Government has now pumped £74 billion of taxpayers’ money into the banks since the start of the financial crisis a year ago.

Read full article [external link]

U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario

BLOOMBERG.COM, 23Sep09: U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.”

The U.S. has little chance of resolving its deteriorating financial position because the manufacturing industry continues to shrink, leaving the nation with few goods to export, said Duncan, now at Singapore-based Blackhorse Asset Management.

In “The Dollar Crisis,” first published in 2003, Duncan argued that persistent current account deficits by the U.S. were creating an unsustainable boom in global credit that was destined to break down, resulting in a worldwide recession.

Read full article [external link]

US credit shrinks at Great Depression rate prompting fears of double-dip recession

Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.

DAILY TELEGRAPH, 14Sep09: Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn).

“There has been nothing like this in the USA since the 1930s,” he said. “The rapid destruction of money balances is madness.”

The M3 “broad” money supply, watched as an early warning signal for the economy a year or so later, has been falling at a 5pc annual rate.

Read full article [external link]

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