Against the backdrop of the loss of the triple-A rating much coveted by Conservative Ministers - and trivialised by others - Cable is right again. Wednesday's remarkable New Statesman article makes plain the case for a new economic strategy, and the need for as elegant as possible a reversal of Osbornomics that was itself eclipsed by Cable in the economic debates of 2010.
Gareth Epps is the co-chair of the Social Liberal Forum
I am not an economist, but I do recognise common sense when I see it.
Around ten years ago, a then relatively obscure MP submitted a motion to the Liberal Democrats’ conference about personal debt. To the uninitiated, it seemed an esoteric and obscure issue.
But it wasn’t.
Indeed, it was the start of a period in which Vincent Cable’s analysis of the economic situation was unsurpassed.
Against the backdrop of the loss of the triple-A rating much coveted by Conservative Ministers – and trivialised by others – Cable is right again. Wednesday’s remarkable New Statesman article makes plain the case for a new economic strategy, and the need for as elegant as possible a reversal of Osbornomics that was itself eclipsed by Cable in the economic debates of 2010.
At the same time, and free from the shackles of cabinet collective responsibility, the Social Liberal Forum (SLF) has been describing the need for an economic Plan C which also argues for fuller investment, a wider reform of the economic system than the sticking plaster of greater spending alone, but an understanding that dogma should not preclude increasing borrowing if growth is at stake.
This evening, Vince Cable will make a keynote speech at our Spring [Liberal Democrat] Conference fringe; a conference that, curiously, does not include a frontline keynote economic platform speech.
As at Eastleigh, Lib Dem campaigners understand the axiomatic value of winning the economic argument. Hence SLF has also tabled an emergency Conference resolution calling for the following immediate steps – not a strategy, but urgent initiatives – to be taken:
. Get the builders building
. Get the banks lending to business
. Prevent a slash and burn approach to public spending
. Bring in the mansion tax.
While the third point relates specifically to the need to avoid further regressive cuts in the year 2015-16, the rest are not new. Indeed, they are consistent with the economic position taken by Liberal Democrats since the onset of the financial crisis.
It would be quite astonishing if a serious Keynesian political party were not to place them centre stage.
27 Responses to “Vince Cable’s New Statesman article makes plain the need for a new economic strategy”
jack loach
Sods —–
Law.
April
—- 2014.
For almost two
decades we have strived to get justice for the injustice we have
suffered at the hands of a world renowned bank— PICTET & CIE.
BANK.
Two yorkshiremen
both running their own small family businesses trying to resolve the
problem by taking all the correct legal procedures to recover their
monies.
The matter was
raised in Parliament – twice– the FSA investigated the matter
concluding that PICTET had rogues operating in their London Bank —
but the rogues had left —saying no one left to prosecute.??? —–
so there.
We then
approached the Financial Ombudsman Service. (FOS) — our case was
dealt with by seven different people —- then our numerous E-Mails
were ignored — nobody would speak to us ——-so there.
We then asked the
SFO ( Serious Fraud Office.) to investigate our case —- the
criteria of our case ticked all their boxes. — we were instructed
not to send them any documents/evidence.—— in fact they wrote to
us advising us to go to the Citizen’s Advice Bureau.(CAB.)
Richard Alderman
the SFO boss —- who responded to our letter was the same man who
would not investigate the “ Madoff” scandal or the “Libor”
fiasco.
The MP’s
committee —- said he was sloppy— and the SFO was run like “
Fred Karno’s Circus” —– it was an office of fraud.—– so
there.
Our M.P.
approached our local Chief Constable to investigate—– he was
called—- Sir Norman Bettison— Chief Constable of West Yorkshire
Police —- a force that made “ Dad’s Army” look like the S.A.S.
They were inept – corrupt —malicious — from top to bottom. We
were criminally dealt with by the Forces Solicitor—- the Head of
the Economic Crime Unit —-and the Chief Constable —– so there.
We were then
advised to pass our complaint against West Yorkshire Police to the
I.P.C.C. – which we did — they advised us to make our complaint
to —- the West Yorkshire Police — we did with reluctance — all
we got was abuse and obfuscation. —– so there.
Sir Norman
Bettison —- The Forces solicitor— and the Head of the Economic
Crime —- have all been removed from their posts and facing criminal
allegations.
—— so there.
We even sought
justice through the Courts — culminating in a visit to the Court of
Appeal-London.— On leaving the Courts of Appeal that day our
barrister a “rising star” informed us — that if that was
Justice then you can keep it. He quit the law and moved to Canada
—– so there.
A few years later
we learned that one of the judges in our case at the Court of Appeal
was related to a senior executive of the Pictet Bank —–so there.
Pictet & Cie
.Bank — voted private bank of the year 2013.
Ivan Pictet —-
Voted banker of the year 2012. —- the senior partner — lied on
numerous occasions and had documents destroyed — also said genuine
documents were forgeries. —– so there.
Ivan Pictet in
Oct. 2013 —- Given the Legion of Honour — but saying that —-
honours were given to Hitler — Eichmann — Mussolini —Franco
— he’s in fitting company. —-so there.
MONTY
RAPHAEL.Q.C. — Peters & Peters.London. They were the banks
lawyers.
Monty
Raphael.Q.C. along with Ivan Pictet withheld crucial documents
requested by the High Court —- the FSA —- and the police Fraud
Squad. —-so there.
Monty
Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.
Monty
Raphael.Q.C. became a Master of the Bench in Nov.2012.
An expert in
Fraud —the Doyen of Fraud Lawyers. —– so there.
This says a lot
about Banks — the consensus of opinion is that they are highly paid
“crooks” —- no wonder they voted Ivan Pictet banker of the
year.
It appears that
crimes in the “establishment.” are honoured by their peers.
“HONOURS
AMONG THIEVES.”
Full Story.—-
“google or Yahoo”
Insert.
Ivan
Pictet.Banker.
Monty
Raphael.Q.C.
Ivan Pictet/Monty
Raphael.
Update
— March. 2014.
Pictet
& Cie Bank —- List of Crimes.
1996 —–
F.S.A— Breach in London.
2003 —– F.S.A.
— States rogues operating in Pictet’s London office. Ivan Pictet
states that documents
were forgeries but were later proved to be genuine in the British
Courts. He had documents destroyed in their London office –hoping to
hide the crimes.
2007
.- – – The Securities and Exchange Surveillance issued a
recommendation that the Prime Minister and The Commissioner of
the FSA to take disciplinary action against Pictet Asset Management –
Japan Ltd.
2008
.– Dec. – Pictet Bank state – ” We have never chosen
any funds linked to Madoff.
2011 – – – Madoff
Trustees sue Pictet & Cie. Bank for $156 Million.
2011- – – Pictet &
Cie Bank abetted a Bribery Scheme – Oil company sues Pictet for
$350Million
2012 – – – April
– Geneva Bank Pictet used in Offshore Tax Scheme. ( USA.)
2012 — – June.
— Published in Anglo INFO .Geneva.— USA Trust Fund Investors were
sent false and fraudulent documents by Pictet Bank in order to
collect large fees. ( Like MADOFF)
Even after the SEC
in the USA uncovered the fraud Pictet continued to charge fees and
drain whatever was left in these accounts. Estimated that $90 million
lost in this Pictet Ponzi scheme.
2012 – – – July.
— De – Spiegel. — states – Pictet Bank uses a letterbox
company in Panama and
a tax loophole involving investments in London to gain German
millionaires as clients.
2012
– – – August —- German Opposition Leader accuses Swiss Banks of
“organised crime.”
2013
— Jan.— Swiss MP’ table motion to freeze Tiab Mahmud’s assets of
” criminal origins”
held
in Swiss banks – $18 million held in 5 accounts at Pictet &
Cie. Bank. Bahamas.
Ironically
the Pictet & Cie.Bank partners are bigger criminals than the
criminals who have accounts in the their bank.
The
bank is now seeking to re-structure — to cut the partners liability
– hoping to off load their decades of criminal responsibilty –
and move onwards to carry out new crimes. The Germans are right —
the bankers should go to prison if found guilty of financial crimes..
Both Ivan Pictet
and Monty Raphael.Q.C. conspired to withhold crucial documents
requested by the High Court – the FSA — and the Police Fraud
Squad.
Written
Parliamentary Questions received by the table office ..
(1) To ask the
secretary of state what steps he is taking to ensure that Swiss Banks
such as Pictet & Cie do not evade criminal prosecution under EU
law even when the illegal act is committed by a London based
subsidiary.
(2)To ask the
secretary of state what steps he is taking to protect the rights of
UK citizens who seek redress following criminal activities by Swiss
banks with subsidiary offices located in London.
Quote.
( America’s Top Lawyer .)
You can be
the richest man in the world with the best lawyers that money can buy
but you cannot win against a man who has got nothing left to lose and
is telling the truth.
*** We
note that there has been a sharp increase in Peters & Peters
partners leaving to go to other practices. Moving does not alleviate
them of any responsibility from any illegalities that may have
occurred at Peters & Peters during their partnership tenure. From
1999 onwards.
The consensus of
opinion is the Pictet & Cie should be prosecuted , and that their
U.K. banking licence should be taken away.
Their Solicitors at
Peters & Peters .London “ struck off and prosecuted..”
*** Started
campaign — June 6th.2008.
5years —- approx
10 .5 million e-mails – – – but still no writs, injunctions or
threats of litigation – – – WHY – – – because it is all true.
*** . The
bigger they are — the harder they fall.!!!
In America —- they would have
all been in prison for the last seven years.
Feb 2013,—
Pictet & Cie Bank Partners remove their unlimited liability.They
realise that all their personal wealth is at risk , the people they
have conned might want their money back.
Full Story.***
. ” Google ”
or ” Yahoo” .
Insert– ( Charles
Pictet. Banker.
Insert– ( Ivan
Pictet.Banker.
Insert– ( Jacques
de Saussure.Banker.
Insert– ( Nicolas
Pictet. Banker.
Insert– (
Jean-Francois Demole.Banker.
Insert — (
Philippe Bertherat. Banker.
Insert– ( Renaud
de Planta. Banker.
Update.
March. 2014.
Over
the last three years we posted the following on hundreds of sites .
—
***
Were currently waiting for the West Yorkshire Police ;-
Chief
Constable . Sir Norman Bettison
Forces
Solicitor. Mike Percival.
Head
of Economic Crime Unit. Det Chief Inspector. Steven Taylor.
-to
see if they continue to cover up this case like the FSA. – “
watch this space.”
****
We can now state that all the above have been removed from their
posts. All three facing criminal allegations.
****
These three senior police officials assisted in covering up the
crimes carried out by Pictet & Cie Bank and it’s lawyers.
Swiss Bank
Accounts. 2014.
Is your monies safe
in these accounts —- definitely NOT.
Would you get your
money back if every body decided to withdraw all their accounts –
NO WAY.
Economic Experts
say that there would only enough money to repay 50% of their clients.
Are you going to be
in the 50% — that loose your money.– Get it out NOW.
2012 — – June.
— Published in Anglo INFO .Geneva.— USA Trust Fund Investors were
sent false and fraudulent documents by Pictet Bank.Switzerland. in
order to collect large fees. ( Like MADOFF) —Even after the SEC in
the USA uncovered the fraud Pictet continued to charge fees and drain
whatever was left in these accounts. Estimated that $90,000,000
million lost in this Pictet Ponzi scheme.
2012 – – – July.
— De – Spiegel. — states – Pictet Bank uses a letterbox
company in
Panama
and a tax loophole involving investments in London to gain
German
millionaires as clients.
2012
– – – August —- German Opposition Leader accuses Swiss Banks of
“organised crime.”
All
the fines that crooked Swiss banks have incurred in the last few
years exceeds £75.Billion.
It
is also calculated that the secrecy ” agreements” with
regards to tax evation by their clients will cost the banks another
£450 Billion.( paid out of your monies.)
The
banks are panicking — the are quickly restructuring their banks
—- from partnerships —
to
” LIMITED COMPANIES.” —– this will probably mean that
in the future — they could
pay
you only 10% of your monies ” if you are one of the lucky ones”
—- and it be legal.
jack loach
Sods —–
Law.
July.—-
2014.
For almost two
decades we have strived to get justice for the injustice we have
suffered at the hands of a world renowned bank— PICTET & CIE.
BANK.
Two yorkshiremen
both running their own small family businesses trying to resolve the
problem by taking all the correct legal procedures to recover their
monies.
The matter was
raised in Parliament – twice– the FSA investigated the matter
concluding that PICTET had rogues operating in their London Bank —
but the rogues had left —saying no one left to prosecute.??? —–
so there.
We then
approached the Financial Ombudsman Service. (FOS) — our case was
dealt with by seven different people —- then our numerous E-Mails
were ignored — nobody would speak to us ——-so there.
We then asked the
SFO ( Serious Fraud Office.) to investigate our case —- the
criteria of our case ticked all their boxes. — we were instructed
not to send them
any
documents/evidence.—— in fact they wrote to us advising us to go
to the Citizen’s Advice Bureau.(CAB.)
Richard Alderman
the SFO boss —- who responded to our letter was the same man who
would not investigate the “ Madoff” scandal or the “Libor”
fiasco.
The MP’s
committee —- said he was sloppy— and the SFO was run like “
Fred Karno’s Circus” —– it was an office of fraud.—– so
there.
Our M.P.
approached our local Chief Constable to investigate—– he was
called—- Sir Norman Bettison— Chief Constable of West Yorkshire
Police —- a force that made “ Dad’s Army” look like the S.A.S.
They were inept – corrupt —malicious — from top to bottom. We
were criminally dealt with by the Forces Solicitor—- the Head of
the Economic Crime Unit —-and the Chief Constable —– so there.
We were then
advised to pass our complaint against West Yorkshire Police to the
I.P.C.C. – which we did — they advised us to make our complaint
to —- the West Yorkshire Police — we did with reluctance — all
we got was abuse and obfuscation. —– so there.
Sir Norman
Bettison —- The Forces solicitor— and the Head of the Economic
Crime —- have all been removed from their posts and facing criminal
allegations.
—— so there.
We even sought
justice through the Courts — culminating in a visit to the Court of
Appeal-London.— On leaving the Courts of Appeal that day our
barrister a “rising star” informed us — that if that was
British Justice then you can keep it. He quit the law and moved to
Canada —– so there.
A few years later
we learned that one of the judges ( Lord Justice.) in our case at the
Court of Appeal was related to a senior executive of the Pictet Bank
—–so there.
The Ministry of
Justice passed our case to Lord Myners to investigate — we would
rather have had Mickey Mouse or Donald Duck do it. — to this day we
don’t know
—whether he did
anything or not —- probably not — seeing that his wife was on the
Pictet Prix Board.
Pictet & Cie
.Bank — voted private bank of the year 2013.
Ivan Pictet —-
Voted banker of the year 2012. —- the senior partner — lied on
numerous occasions and had documents destroyed — also said genuine
documents were forgeries. —– so there.
Ivan Pictet in
Oct. 2013 —- Given the Legion of Honour — but saying that —-
honours were given to Hitler — Eichmann — Mussolini —Franco
— he’s in fitting company. —-so there.
MONTY
RAPHAEL.Q.C. — Peters & Peters.London. They were the banks
lawyers.
Monty
Raphael.Q.C. along with Ivan Pictet withheld crucial documents
requested by the High Court —- the FSA —- and the police Fraud
Squad. —-so there.
Monty
Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.
Monty
Raphael.Q.C. became a Master of the Bench in Nov.2012.
An expert in
Fraud —the Doyen of Fraud Lawyers. —– so there.
This says a lot
about Banks — the consensus of opinion is that they are highly paid
“crooks” —- no wonder they voted Ivan Pictet banker of the
year.
It appears that
crimes in the “establishment.” are honoured by their peers.
“HONOURS
AMONG THIEVES.”
Full Story.—-
“google or Yahoo ”
Insert.
Ivan
Pictet.Banker.
Monty
Raphael.Q.C.
Ivan Pictet/Monty
Raphael.