Friday, July 20, 2007

Polski in the Park

I’ve spent much of this week clearing out the old shop I grew up over. Some bad people are going to knock it down and build flats that I could never dream of affording on the site


One of the treasures we uncovered whilst emptying the place was a pound coin that had fallen, or more likely been tossed, behind a cupboard...

The thing is it isn’t actually a pound coin. The weight isn’t quite right and it’s made from a soft, shiny, lead-based alloy.

There used to be quite a few of them in circulation.

I strongly suspect the reason why there aren’t so many of them about these days is because the raw materials and effort required to make them are now worth a lot more than a quid.

Forged pound coins are a thing of the past

…unless someone can find material which has less inherent worth than a real £1 coin to make them with

which is no small task

You could make £1 coins with Rice Crispies and old chewing gum wrappers and they would still have more inherent worth and retain their value better than the real thing

As veteran Conspiraloons
know full well one of the biggest conspiracies in the world today is the money supply racket...

For years now our money supply has been increased faster than the official rate of inflation, faster than any growth in productivity and certainly faster than the majority of ordinary people’s wages

All other things being equal if you increase the amount of money in circulation by 10% every year prices will go up by 10% every year

If you keep ordinary people’s wage rises down to less than that 10%, say 5%, you’re managing to fuck them pretty comprehensively on a massive scale. The impact is cumulative, compounds every year and is the neatest method ever devised to cut people's real incomes and extend economic inequality

A lot of people sacrificed much in the past to create a fairer and more equitable society and little by little, as with our basic freedoms, it's all gradually being taken back, a few per cent at a time.

And anyone who thinks that any of the mainstream political parties are going to do anything to stop the claw-back of wealth and liberty back to the Select Few is a fucking Muppet...

Grass roots Labour/ Conservative/ Lib-Dem (delete as appropriate) supporters in action

Somebody I met taking pictures outside the Houses of Parliament once pointed out to me that throughout the entire span of Human history the proportion of people who have had access to the kind of prosperity and civil liberties we in the UK have taken for granted is precariously tiny. It is not the norm. Given the slightest chance, the unscrupulous few have always found ways to dominate the many.

He was right

And why anyone should think any of that has changed eludes me totally

Of course, to pull the inflation-theft trick off without people noticing too quickly it helps if you can fudge money supply and inflation statistics.

And five minutes spent trying to get a handle on reliable money supply and inflation figures will leave the intrepid researcher knee-deep in yummy sweetness.

And the most profitable way to inflate a country’s economy with bullshit money is to lend lots of it out at low interest rates and then, later on, you can fuck people even more by yanking those interest rates up

And, as my own mortgage statement reminded me this morning, we appear to heading into the ‘fuck people even more’ stage of the completely unplanned, totally equitable boom-fuck cycle

In the last twelve months the cost of money, as set by a completely independent (from whom exactly?) committee of bankers, has risen by 28% to 5.75%

Those of us cursed, and I mean cursed, with a slightly deeper understanding of the banking system than our fellow citizens run a serious risk of becoming obsessed with this issue. It really is a colossal con and a system that underpins so much of what is wrong in the world – wars, third world debt, obscene levels of inequality and exploitation, the works

(and that's why some of us go absolutely batshit when a name like Rothschild crops up in the context of what passes for contemporary environmentalism)

Hopefully, the UK government’s recently announced initiative to educate school children about real world financial issues will cover ground such as inflation, money supply, fractional reserve banking and how the banking system makes trillions by ripping people's faces off, rather than just focusing the 'education' on how to be 'better' consumers of financial services

/ pops outside to look for some wind to whistle at

Questions about money supply issues are rarely, if ever, subject to critical discussion in the media. Some Conspiraloons
maintain, not without some supporting evidence, that’s because bankers control the newspapers. On the other hand, also not without some supporting evidence, it could simply be because the majority of financial journalists are plain thick

House prices certainly are subject to a lot of discussion and, in the absence of addressing money supply issues, journalists have to come up with ever-inventive ways of explaining what's going on. The 'answers' always swing on the supply of housing, never the supply of money, and virtually all pundits predict, on God only knows what basis, a steady leveling-off of house price inflation

Because, of course, as everyone knows, house prices always do that - go up really, really quickly then level off without dropping...

That's not to say that housing supply is not a factor in house pricing but on its own it doesn't explain where all the unfunny money is coming from to make the current insane pricing levels possible


And whilst on the subject of housing supply and the economics of inequality, now's a good time to mention London's annual Polski in the Park Summer festival - currently being celebrated in open spaces across the length and breadth of this great city

When you're a migrant earning five quid an hour and sharing a bedroom with four or five other people you'd like to get out of the place and socialise a bit but can't really afford London pub prices. The answer is, of course, to buy a few cans and drink them in the nearest park, demolition site or pavement with your mates, particularly if the weather's nice.

The same thing used to go on (still does?) in the bad old days (pre Putin) in Moscow - with the bars and clubs filled with foreigners and Mafiosi and everyone else sitting around outside drinking on the street. When the weather was really shitty people would sup their beverages underground in the metro stations and sometimes take along some snacks as well

All very festive but also just a teensy wee bit sad and squalid

Well, there's a lot of that going on in London now. I'm not knocking the guys doing it and they bother no-one but I'm not sure that it's a sign of progress and I wonder if any of the people who can afford a night-out (indoors) in London ever notice them or would give a toss if they did.

It’s all a bit too third world for my tastes and I can’t shake the feeling that there’s a price to be paid down the line.


edit: Thanks to anon for posting a link to this clip of Ron Paul speaking on the subject of 'Dollar Hegemony'. It's spot on IMHO (Paul takes the podium 2 minutes into the video)...



Anonymous said...

The debt money and money supply issue is surely THE biggest taboo in the mainstream world we are sadly forced to live in. I don't think I've ever heard a single reference or acknowledgement on the tv or in a newspaper that these issues even exist. Even 9/11 conspiracy theories have received more mainstream attention that this. Since I've learnt about how banking works(through the internet of course) I have tentatively tried to broach the subject to people I know and I may as well have tried to bang my head against a brick wall. It's an issue that most seem literally unable to see or acknowledge - as if they have been brainwashed. That's just a crazy conspiracy theory though.

Anonymous said...

"Given the slightest chance, the unscrupulous few have always found ways to dominate the many."

Here's what Étienne de la Boétie had to say about it 500 yrs ago.

Stef said...

@anon 8:44

Indeed. As CTs go this is the Big One

and not a space alien or remote viewer in sight

just lots of data

What I find fascinating about the widespread dissonance on this subject is just how het up ordinary people get about bank charges, as evidenced by extraordinary popularity of this campaign (effectively an exercise in misdirection)...

but when you try to explain the much (much) bigger con that's being played, yup, a total brick wall

I think it's one of those 'If something this big was going on someone (i.e. someone else) would have done something about it by now' things - and if everyone thinks like that the bankers are laughing

as they do


off to read the thoughts of a long dead French guy now...

brendadada said...

So sorry to read about the cafe. It's come along a lot sooner than it needed to. Take lots of photos (!) and not just of the funny money under the floorboards.

Stef said...


I'm not just photographing it we're trying to lift as much retro decor as possible

The old place has been there 125 years and is the last survivor of a row of terraces - the Luftwaffe took care of one side, developers the other and the row across the street. I won't be hanging around to watch it get knocked down :(

It's quite a strange feeling seeing the area you grew up in get 'regenerated' and transformed into a synthetic Legoland bit by bit

brendadada said...

Maybe bung it in the local paper, if there is such a thing.

Good for you rescuing all the bits. Make sure you get the sign!


martin said...

Good post. Nicely put about the money thing.
I was highly amused a while back, when my landlord(ex prisoner officer)now a Hampshire county councillor, cleared out some stuff and took it to a car-boot. Counting his takings at day's end, he was enraged to find he'd been given 80 pence in wooden 20 pence pieces. They had been lightly stamped and painted silver. The local copshop here in Aldershot didn't share his rage and sent him packing.

Alexander Fear said...

Excellent post, spot on Stef.

And you know I'd nether thought about that, the actual cost of materials to make a pound. That in itself has an effect on the economy, the price of metals.

I wonder, where the materials supplied to make coins comes from, is it really the BoE that sets our interest rates or some giant mining conglomerate in Africa?

I suspect that Polski in the Park will become superceded by Baccy in the Park, thanks to recent legislation.

Since you mentioned drinking beer, do you and fellow conspiraloons ever meet up offline for a drink?

Stef said...

a Jedi-Master Conspiraloon would of course postulate a giant extra-terrestrial mining conglomerate that is seeking to terraform the planet to be more suitable for reptilian life through global warming

re. Conspirobeers

the last time we tried something like that things got out of hand pretty quickly with everyone accusing everyone else of working for Meye5

we may try again sometime and will communicate the timing and venue wirelessly through your fillings

Stef said...

Back to the money thing again for a second

Once upon a time coins were made from valuable stuff like gold and silver which meant that they retained their value in pace with inflation. And so,provided they kept their coins safe, people could be fairly confident that governments/ banks could not steal their savings simply by creating more money

That simply wouldn't do

The problem with coins when inflating and devaluing a nation's currency is the constant battle to find ever-worthless materials to make the coins from

If you don't keep up the scrap metal of the coins becomes worth more than their face value and people end up melting them down. It happened in Italy thirty years ago and the US appears to be heading that way right now...

Homeland Stupidity said...

We're dealing with exactly the same thing in the United States.

Anonymous said...

There's a fellow named Ron Paul in the US running for president now who has successfully aired this dirty secret during public debate with his smarmy lying opponents.

Here's a good short video of him discussing the history of the worthless paper known as 'the US dollar'; it's well worth watching. He's the only honest politician I've ever seen on TV in the US.

Stef said...

@anon - thanks for the link to the RP video. I'd seen it a few months ago but it's worth watching at least a couple of times

As one commentator on the video has already said, Mr Paul is running a serious risk of a heart attack one of these days