UK Column: Glass Steagall or Collapse -- Go to a "Greenback Pound"
June 29, 2012 • 8:39AM

The June issue of the UK Column, published periodically in the UK, leads with a report from co-editor Mike Robinson titled: "Financial System Continues Collapse — Opportunity for Optimism." After describing the hopelessness of the bailout process in Europe, and ridiculing the propsal of Bank of England head Mervyn King, and Chancellor of the Exchequer George Osborne's insane call for "bolder action" in bailouts, Robinson says that the collapse of the real economy since the time of Maggie Thatcher can only be reversed with Glass-Steagall and "massive reinvestment in basic economic infrastructure." He adds: "This should be seen as an opportunity rather than a disaster," by putting "several million" people to work in productive jobs."

As to the complaint that "there is no money," Robinson references the American system of credit generation, calling for a "system of national credit, a Greenback pound."

Another article in the June issue attacks PM Cameron for his reported "joke" to fellow Tories: "Where shall I invade next? I've done Libya," calling him a psychopath waging useless wars, and destroying the UK economy and military in the process. Other articles expose the intentional lies used in the BBC campaign to start a war on Syria, using false pictures and stories on a daily basis, and describe how the same method was used in the Balkans wars of the 1990s.