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Godfrey Bloom Calls Out The Banking Scam

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Hadn't heard of him before, but judging by his wiki entry, he's worth more time:

"Mr Bloom was ejected from the Mansion House in 2009 for heckling Lord Turner for giving staff a bonus after the massive regulatory failure of 2008/9. According the Daily Telegraph he was the first man to be ejected since John Wilkes in the late 1800s. Mr Bloom also signed the petition in disgust at the knighthood for the failures of Hector Sants.

Mr Bloom from the very beginning of the banking crisis has advocated criminal proceedings against bankers - see speeches on his website. Mr Bloom is a member of the Von Mises Institute. Bloom in the FTAdvisor on the credit reference agencies' being 'castrated' by the EU.

In October 1992 Mr Bloom launched a campaign to help people avoid mis-selling of pension schemes. It was very warmly welcomed by the press, particularly the Observer. It was the very first indication of the problem. An employee tape of the advice was produced for all human resource departments as part of a redundancy package. It can be heard on his website.

In 1996 Mr Bloom warned, in Money Marketing, that ‘split caps’ were not the solid safe investment people thought, and late in the year explained in Financial Adviser the dangers of what was to become ‘precipice bonds’."

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Frightening stuff if accurate. Truly so.

Funny. His honesty is the only thing which gives hope for a remedy.

The truly frightening stuff is TPTB continuing the scam, and the lost decade(s) we will all be forced to endure.

Edited by sleeping dog

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Why on the front page of newspapers when houses go up 10% [does] everyone say it is good news?” says Bloom. “Why then is the price of bread going up 10% bad news? […] It is good for a certain type of person but not another. […]

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Mr Bloom has form on this, it's not the first speech he has made in the E.U parliament on this issue. He's a good egg and worth noting that only UKIP have mentioned the issue of fractional reserve banking.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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