You can always rely on the BBC to spin stories to reflect favourably upon the EU. Take this nonsense that “Europe agrees bank crisis plan”. Really? Well, what is the “plan” exactly? It appears to reduce down to an agreement to “work together” and “seek” a relaxation of rules. Oh, and Sarkozy has issued an unspecified threat against bank executives. I suggest that this is NOT a plan but rather the usual garbled gibberish which the EU has perfected and which the BBC then trumpets as something of substance.
TROLLING FOR THE EU
Bookmark the permalink.
What’s wrong with the BBC’s completely uncritical attitude towards the EU? Nothing, except that eveyone has to pay for it.
Paying for the BBC is like some weird version of having to keep people in Broadmoor. It just has to be done.
As the EU Referendum site has pointed out brilliantly and at length, the EU caused the current banking crisis through over-regulation and bonkers valuations of assets.
The BBC will never report this in a million years because it is totally in the pocket of Brussels. AS with ‘climate change’ it has a proseletysing agenda in favour of everything the EU does.
Robin 10:07 pm
Yes; to refer to two example of ‘EU Referendum’s critique which applies to BBC re-EUROPEAN UNION:
On the issue of UK national sovereignty re-financial crisis, and the shift of power to the EU:
” Sucking the live out of politics ”
[Extract, on aspects of the financial crisis]:
“There is no point in discussing it. Any decisions will be made by the European Union. What we think • what our parliament thinks • is irrelevant.
“That is what our membership of the EU has done to us. It has sucked the life out of British politics.”
For critique of the inadequacies of MSM, inc. BBC’s Nick Robinson’s reporting of the issues involved, suggest see:
“What’s worse than scum?”
Well as the Beeboids mention at every half opportunity
“THE FINANCIAL CRISIS STARTED IN AMERICA” or to put it another way, “Gordon, our glorious leader, is innocent.”
Funny that no one bothers to mention that Ireland’s promise to back up 100% of all bank deposits (no limit) is against EU law.
Martin | 04.10.08 – 11:33 pm |
Greece is doing the same – also against EU law.
Richard North’s posting this morning on the EU Referendum blog about the banking crisis explains brilliantly why the EU dimension has been missed.
Basically the hacks and media covering don’t do joined up thinking.
What is shameful about the BBC is that they have at least £400m a year of our money (the amount the BBC admits to spending directly on editorial activities) to work on the big picture. It’s the best-resourced journalistic operation in the world and it should be out there finding the ‘facts’ – however difficult they may be to assemble – on our behalf.
And fearlessly reporting them.
They don’t and they’re not because they are lazy, politically motivated and institutionally corrupt.
I am sure that I read somewhere that the BBC has a loan of £300 million fron the E.U. Perhaps other posters know more and provide links? After all, when you borrow money from the mob, your’e their bitch.
Christopher Booker, like ‘EU Referendum blogspot’, has a critical analysis of the EU’s role in the financial crisis, which the BBC, and much of the MSM, are disinclined to investigate:
“The EU’s role in our financial crisis”
“Fears of bias as BBC gets £141m in EU loans”
[Extract, -from the ‘Sunday Times’, political editor, Jonathan Oliver, 27 January, 2008]:
“The BBC last night faced accusations of pro-Brussels bias as it was revealed that the corporation had taken out £141m in “soft” loans from the European Union.
“The broadcaster has taken out three separate low interest loans from the EU-backed European Investment Bank (EIB) to fund the expansion of its growing commercial empire.
“It also emerged that the BBC has received grants from the EU worth £1.4m over the past five years.
“The Brussels deals raise awkward questions for the corporation about its coverage of European affairs and its burgeoning profit-making arm whose interests extend to property, publishing and the internet.”
If protecting their savers from banking failure is “against EU law”, each country will have to choose between following these barking “laws” or serving their own citizens – and only one of those options is acceptable in any democracy.
Couple of snippets for the pub:
The $700b US relief plan, even if all spent(unknown but believed unlikely by many) is less than 5% of one year’s GDP.
The liabilities of Iceland’s three largest banks (you encounter them in one form or another in nearly every Brit high street; the Krapthing gets in your face even more than, ahem, Fortis) add up to more than eight times (yes, that’s 800%)Iceland’s entire GDP. No problem there, then.
As for Ireland, the indemnity raises the major risk of gov’t panic — the collapse of Irish banks in a bank-run triggered by corporations acting in their own best interests (akin to Wachovia in the US). How easy is it for a big corp to pull the plug? Push three buttons. (I doubt the BBC even understands the question.) That’s in addition to questionable legality, infuriating the EU neighbors and turning into a pariah. Great move.
The Masters of the EU are now huddled against the wall, faced w/ the familiar choice of charlatans everywhere: hang together or hang separately.
BTW, though I saw only a fleeting image from a panning camera, it looks like Merkel bites her nails nearly as much as Divine Brown. Anyone know if that’s right?
Anonymous | 05.10.08 – 10:48 am |
that was me. Blogger weird?
jon: As usual EU law only only applies to the Brits.
An added benefit for the BBC is that when the EU “rescue plan” goes belly up they can absolve their great leader of any blame for that one as well.
“…the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
Carroll Quigley, Tragedy and Hope: A History of the World in Our Time (1966)
On November 21, 1933 President Franklin Roosevelt told Edward M. House ‘The real truth .. is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson – and I am not wholly excepting the administration of Woodrow Wilson. The country is going through a repetition of Jackson’s fight with the Bank of the United States – only on a far bigger and broader basis.’
And guess what Edward Baron George was the chairman of, while being the head of The Bank of England?
You guessed it, The Bank of International settlements.
Therefore you may be told by the BBC and your economics tutors that the Bank of England was nationalized in 1946. But you have clearly been deliberately or otherwise misguided by the people that you so stupidly trusted, to know what they were talking about.
The Bank of England is controlled by PRIVATE individuals. Which would not be so bad if those private individuals were made up by the likes of you and me. However try to buy shares in The BIS and see how far you get. The BIS club is for Royalty and its super-mega wealthy hangers on, only.
Wake up people. Please try to stop playing silly BBC promoted, dishonestly contrived, party political, false dialectic games.
This is far to important a time to be getting yourselves bogged down in pointless nonsense.
We are being SCAMMED, flim-flamed, rolled over, conned, and grafted, all at the same time.
You lot are supposed to be educated.
When in reality most of you dont have the intelligence of my mother, who left school at 14. May I suggest that a majority of you start to realize quite how much totally dishonest propaganda you have been subjected to all of your lives, AND START YOUR EDUCATION ALL OVER AGAIN.
This time trusting no one but your common sense and a true belief in the absolute evil of the media and our own educational and political establishments?
What we need is the end of fractional reserve world banking, and the criminally corrupt evil, devil worshiping, child abusing, baby eating monsters that run/own the entire system.
What we will get with much help from Murdoch and his close mates within The BBC, is more of the worst imaginable.
We have problems with our Muslim Brothers for one reason and one reason only.
They have been brainwashed by their own elites to attack western interests and civilization. This because the same types of people that control the Islamic world also control this one. They do in reality work HAND in HAND with each other, and have been doing so for a very long time.
They plan, while we only react, that is why they rule and we all, Muslim, Jew or Christian, follow like beaten down, drugged up, mind controlled, lambs to the slaughter.
The WHOLE WORLD Established is effectively at war with its own common people.
This situation is not entirely new. In fact it is the normal state of affairs. The only difference is now the rulers of the world are now reasonably united, co-ordinated, and working almost completely in secret behind very closed doors.
Whats worse is that they know their plans are discovered and so will now move quickly to complete the mission.
You simply can not make sense of the last weeks events unless you KNOW the above information as being 100% essential truth.
Good luck people, you are going to need all of it.
Pass the sick bag! The totally biased coverage of the EU’s banking ‘rescue plan’ continued this lunchtime on World This Weekend, with Sean Lay giving the lunatic who is head of the EU commission (Barroso) totally unmoderated airtime to spout his propaganda. It was worse than vomit inducing; it was unadulterated, stomach-churning industrial-strength lying. Lay did nothing to stop him.
Another low point was reached in Lay’s interview with former editor of BBC’s That’s Life, Conservative turncoat and jumped-up twit extraordinaire Sean Woodward. He asked him only how important Mandelson’s appointment was. Cue for Woodward to brown tongue Brown so much that his tongue disappeared, and also to lie his head off about the reasons for the UK’s monetary woes.
The BBC’s journalism sinks from low point to low point. And every time I think it’s reached the bottom, it goes further.
contrast the dithering of the EU with the non-nonsense American approach.
but then again, at a utterly fundemental level, all Americans believe in their free market system, their Republic and their way of life.
i cant say the same about the Eurocrats.
one outcome of this is that the EU will slip into a deeper depression than America.
Janet Daley, unlike the BBC, points to the essentially undemocratic ethos of the European Union:
“Financial Crisis: Where were you when Europe’s leaders had their cosy little chat?”
“I cannot remember a time when the absurdity of the concept of economic union has been made so demonstrably clear, or when the democratic deficit of the EU – the way it does business with utter disregard for the opinions of its populations – has been so palpable if only by vivid contrast with the awkward, vulgar thrashing out of public policy that characterises the robust mass democracy across the pond.” (Janet Daley).