A Financial Terrorism Story: The Mervin King and I

The unionist machine really can concoct staggering pieces of propaganda. Das Schottishman was at its creative best yesterday with this headline:

If an independent Scotland kept the pound, it would have no say on interest rates – King

These articles are teed up so that unionist shills on the paper comment sections can spread misinformation. I read reems of garbage being disseminated. For a start, who says the pound is England's currency? It's Scotland's too, no?

My favourite though is the one about Scotland not being able to deal with inflation if we can't set interest rates. Ok, let's skip over the fact that Scotland has no control over interest rates right now. Interest rates have always been set to suit The City of London hence driving away manufacturing from economies like Scotland's in the UK.

No, what is amazing is the source - Mervin King. The man has done nothing but print money. He's pumped trillions of pounds into the financial services sector. Hyper-inflation could kick off at any time and he won't be able to use interest rates to deal with the problem because government and consumer debt is so monumentally large. If he puts up interest rates more than half of the UK's taxes will go on debt repayments. Britain will sink to the bottom of Europe overnight. His policy of low interest rates is flooding the British economy with money which is chasing away investors and savings - the very thing Scotland needs to encourage manufacturing.
So, he's shafting Scotland's economy while pretending to be wisely advising Scots what's best for them. Where do these arrogant fools get off?

The reason he's keeping interest rates so low is because all of Britain's banks are insolvent (admitted by John McFall) and they need large amounts of cash to plug the holes. Under whose watch did that happen Mervin? The key reason for the financial crisis is the low interest rate policy of the Bank of England. Rates were so low that banks borrowed lots of cash then leveraged it up and bought and sold fraudulant derivatives and King knows this and so is complicitous in widescale financial fraud.

Money was cheap cheap cheap and the banks sucked it up. Each pound represents the sweat of workers and every time he prints more and gives it to his mates the pounds in your bank account lose value or 'spending power' and your house loses value etc. His policy is killing jobs and business the length and breadth of Scotland. It does nothing but profound damage to the future of all Scots. The pain this man is causing and is going to cause families all over Scotland for generations is acute. This is the willful destruction of lives and people's futures so he can help out his buddies. Some are calling this 'financial terrorism'. He should be tried in a criminal court. Instead Das Schottishman wheels out this dangerous, megalomaniacal criminal to put us in our place?

Do you want to know what international investors think of Mervin? John Emby (chief investment strategist) of Sprott Asset Management calls him one of the four horsemen of the global apocalypse. Here is a quote from his article in the Investor's Digest of Canada.

In my opinion, the current equivalent of the mythical Four Horsemen of the Apocalypse are our financial leaders in the western world who are enthusiastically promoting and aggressively implementing quantitative easing in an attempt to sustain an obviously failed system and to bail out their banking cronies. They would include the atavistic Lawrence Summers, President Obama’seconomic guru and a key figure in the gold suppression scheme, the extremely naive Fed chairman, Ben Bernanke; the truly feckless U.S. Treasury Secretary, Timothy Geithner and Bernanke’s British equivalent, the hapless Mervyn King, head of the Bank of England.

We know that Das Schottishman is only interested in propaganda exercises instead of independent journalism. In order to seem balanced they allowed George Kerevan to write a piece on the subject which is pro-independence. However Kerevan's ripost which explains how Scotland could control interest rates is not prioritised and the damage has already been done.

These guys are stealing the people's money. In China a financier faced capital punishment for financial crimes last week. Here they get encouraged to rob us blind!