So, what would MP Bob Spink do about the Credit Crunch?

brad12jy · 03-10-2008, 12:03 AM

The following email has been sent out by the UKIP MP, Dr Bob Spink

Bloggers 4 UKIP: So, what would MP Bob Spink do about the Credit Crunch?

Anthony Butcher · 03-10-2008, 12:06 PM

Text in full:

Quote:

Dear Friends,

My speech at the Counting House in the City last
night went very well and it provoked a very big response. About 100 supportive
and two against, basically asking 'so what are you proposing to do about it?' a
fair question, let me offer a very brief answer.

It is clear that the
'Credit Crunch' is a terrible situation and many people have not yet understood
how deeply it will affect them for some years to come.

So what can we do
about it? There is much, but let me cover just a few policy areas I have
consistently fought on:
I have long been campaigning for the Tories (who criticise Labour but refuse
to scrap it themselves!), and for Labour, to undertake to scrap the AVC £5.5
billion annual additional tax on pension funds that G Brown instigated in 1997
Known as: 'The Great Pensions Robbery'.

And I've fought for tougher Bank of England regulation, independence and
powers, and for Parliament to have more powers to control the executive: (THE
WHIP!) (which both Tories and labour oppose).

For return to the trading relationship with the EU that was voted for by
British people in the 1975 referendum, releasing more than £15 billion annually
and freeing the UK to do more business, on fairer terms with the rest of the
world.

And to stop the uncontrolled immigration and I set out below my comments on
this at the Party Conference this year. From these comments you will see that it
is economically and morally stupid for the UK to pay people to remain on
benefits, while importing hundreds of thousands of workers from abroad. We
should train and help our own, although some may feel I go too far in saying
this so plainly.

Very best wishes

Bob

gimlet · 03-10-2008, 01:50 PM

I fail how so see how any of his comments would solve the credit crunch. The main parties are supported by the bankers, and UKIP is not talking about money reform. Unless money is backed up by a standard/relates to real work done then things are not going to change. But look at the advantages of the credit crunch, banks can be merged to make more powerful banks; leading to the end game - one world bank and no cash. While the power struggle goes on, the people will suffer. A small solution may be for UK banks to pay all base rate interest direct to the treasury. To have 97% of money creation out of control, shows that regulation has failed. Maybe the government, and the government only should control money supply, but only if government spending can be really held to account. Other thought, erase all debt and start again with a clean rule book.

03-10-2008, 12:03 AM	#1 (permalink)
brad12jy Senior Member Join Date: Nov 2007 Location: UK Posts: 648	So, what would MP Bob Spink do about the Credit Crunch? The following email has been sent out by the UKIP MP, Dr Bob Spink Bloggers 4 UKIP: So, what would MP Bob Spink do about the Credit Crunch? __________________ My ignore list - Tony Bennett

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03-10-2008, 01:50 PM	#3 (permalink)
gimlet Senior Member Join Date: Oct 2004 Location: Shropshire Posts: 831	I fail how so see how any of his comments would solve the credit crunch. The main parties are supported by the bankers, and UKIP is not talking about money reform. Unless money is backed up by a standard/relates to real work done then things are not going to change. But look at the advantages of the credit crunch, banks can be merged to make more powerful banks; leading to the end game - one world bank and no cash. While the power struggle goes on, the people will suffer. A small solution may be for UK banks to pay all base rate interest direct to the treasury. To have 97% of money creation out of control, shows that regulation has failed. Maybe the government, and the government only should control money supply, but only if government spending can be really held to account. Other thought, erase all debt and start again with a clean rule book.