Comments on: The Crisis in Iceland: Every Bubble Ends in Rubble http://www.richardccook.com/2010/03/09/the-crisis-in-iceland/ Just another WordPress site Wed, 01 Feb 2012 14:25:37 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: David M Pidcock http://www.richardccook.com/2010/03/09/the-crisis-in-iceland/#comment-186 David M Pidcock Wed, 02 Jun 2010 21:08:43 +0000 http://www.richardccook.com/?p=1103#comment-186 THE UNFINISHED INFAMY. RICHARD AN EXCELLENT ARTICLE - BUT, AS WE CAN SEE FROM JOHN RUSKIN c.1885 NOTHING IS NEW - INDEED IT IS THE ULTIMATE INFAMY! RUSKIN:-“But to what extent the adoration of the Usurer, and the slavery consequent upon it, has perverted the soul or bound the hands of every man in Europe, I will let the reader hear, from authority he will less doubt than mine : - Letter from Paris Correspondent, "Times" 30th January, 1885. "Financiers are the mischievous feudalism of the 19th century. A handful of men have invented distant, seductive loans, have introduced national debts in countries happily ignorant of them, have advanced money to unsophisticated Powers on ruinous terms, and then, by appealing to small investors all over the world, got rid of the bonds. Furthermore, with the difference between the advances and the sale of bonds, they caused a fall in the securities which they had issued, and, having sold at 80, they bought back at 10, taking advantage of the public panic. Again, with the money thus obtained, they bought up consciences, where consciences are marketable, and under the pretence of providing the country thus traded upon with new means of communication, they passed money into their own coffers. They have had pupils, imitators, and plagiarists ; and at the present moment, under different names, the financiers rule the world, are a sore of society, and form one of the chief causes of modern crises. "Unlike the Nile, wherever they pass they render the soil dry and barren. The treasures of the world flow into their cellars, and there remain. They spend one-tenth of * "Cash," I should have said, in accuracy not "wealth." their revenues; the remaining nine-tenths they hoard and divert from circulation. They distribute favours, and are great political leaders. They have not assumed the place of the old nobility, but have taken the latter into their service. Princes are their chamberlains, dukes open their doors, and marquises act as their equerries when they deign to ride. "These new grandees canter on their splendid Arabs along Rotten Row, the Bois de Boulogne, the Prospect, the Prater, or Unter den Linden. The shopkeepers, and all who save money, bow low to these men, who represent their savings, which they will never again see under any other form. Proof against sarcasms, sure of the respect of the Continental Press, protecting each other with a sort of freemasonry, the financiers dictate laws, determine the fate of nations, and render the cleverest political combinations abortive. They are everywhere received and listened to, and all the Cabinets feel their influence. Governments watch them with uneasiness, and even the Iron Chancellor has his gilded Egeria, who reports to him the wishes of this the sole modern Autocrat." The Times Dated January 30th, 1885. Yours sincerely David Pidcock THE UNFINISHED INFAMY.
RICHARD AN EXCELLENT ARTICLE – BUT, AS WE CAN SEE FROM JOHN RUSKIN c.1885 NOTHING IS NEW – INDEED IT IS THE ULTIMATE
INFAMY!

RUSKIN:-“But to what extent the adoration of the Usurer, and the slavery consequent upon it, has perverted the soul or bound the hands of every man in Europe, I will let the reader hear, from authority he will less doubt than mine : -

Letter from Paris Correspondent, “Times” 30th January, 1885.

“Financiers are the mischievous feudalism of the 19th century. A handful of men have invented distant, seductive loans, have introduced national debts in countries happily ignorant of them, have advanced money to unsophisticated Powers on ruinous terms, and then, by appealing to small investors all over the world, got rid of the bonds. Furthermore, with the difference between the advances and the sale of bonds, they caused a fall in the securities which they had issued, and, having sold at 80, they bought back at 10, taking advantage of the public panic.

Again, with the money thus obtained, they bought up consciences, where consciences are marketable, and under the pretence of providing the country thus traded upon with new means of communication, they passed money into their own coffers. They have had pupils, imitators, and plagiarists ; and at the present moment, under different names, the financiers rule the world, are a sore of society, and form one of the chief causes of modern crises.

“Unlike the Nile, wherever they pass they render the soil dry and barren. The treasures of the world flow into their cellars, and there remain. They spend one-tenth of * “Cash,” I should have said, in accuracy not “wealth.” their revenues; the remaining nine-tenths they hoard and divert from circulation. They distribute favours, and are great political leaders. They have not assumed the place of the old nobility, but have taken the latter into their service. Princes are their chamberlains, dukes open their doors, and marquises act as their equerries when they deign to ride.

“These new grandees canter on their splendid Arabs along Rotten Row, the Bois de Boulogne, the Prospect, the Prater, or Unter den Linden. The shopkeepers, and all who save money, bow low to these men, who represent their savings, which they will never again see under any other form. Proof against sarcasms, sure of the respect of the Continental Press, protecting each other with a sort of freemasonry, the financiers dictate laws, determine the fate of nations, and render the cleverest political combinations abortive. They are everywhere received and listened to, and all the Cabinets feel their influence. Governments watch them with uneasiness, and even the Iron Chancellor has his gilded Egeria, who reports to him the wishes of this the sole modern Autocrat.” The Times Dated January 30th, 1885.

Yours sincerely
David Pidcock

]]>