Europe—The Juggernaut of Doom

By Peter Mills. If anyone is still left in doubt about the absolute urgency of Britain quitting its (actually constitutionally illegal) membership of the European Union, the recent revelation that Europe is acting in an identical manner to the BNP Head Office, but on a vastly larger scale, should be proof enough.

In fact, European government and the Euro banking sector authorities are fiddling the books like mad, moving money around like chess pieces, raiding national economies to prop up their failures, squandering the taxpaying individual member’s contributions simply to buy the ruling Euro magnates a little more time in the vain hope that a financial miracle might be just around the corner.

The same kinds of facts are now emerging from European government that are also emerging about the financial management of the British National Party. This has to be a major cause of worry for every British citizen, regardless of their political inclination.

For example, it has recently been demonstrated that the bank accounts opened by the many BNP regional branches into which a branch pays money (other than membership dues) that has been raised by such things as voluntary contributions from local members and other local fund-raising activities, can be legally “raided” – indeed, sucked dry – by BNP Head Office.

 It has been revealed that BNP local branch bank accounts are actually just sub-divisions of the main BNP bank account. This has allowed Head Office the possibility of “plundering” the bank accounts of regional branches in order to bolster the maladministration that is bringing the BNP ever closer to financial catastrophe.

If Mr. Griffin thought this a splendid scheme to keep himself afloat for a few more months, it is hardly surprising that the European Government is playing the same game on an almost infinitely larger scale!

Instead of transferring BNP member’s funds from local banks to the central account, the European government has transferred the funds paid to it by individual member-countries to the vaults of its failed banks in order to prevent them from collapsing. The debts of individual governments, such as Britain’s, have skyrocketed due to this banking bail-out, and it is now becoming obvious that some countries have wrecked their own economies as a result of having to obey bank-funding orders from European central government on the one hand, and being badly affected by the general global financial downturn on the other.

It is so easy to make statements like “The Greek government is paying this” or “the Italian government is paying that” or “the British government is paying the other”, but by referring to a nation’s governments in such a manner, we are mentally censoring the stark recognition of the fact that the money squandered and wasted by any government is, in fact, money paid by the individual people – you and me! Instead, try thinking of it as “the Greek people are paying for this,” and “the British people are paying for that” and so-on. This will keep the reality of the plundering of our national finances in sharp focus.

Now the European financial juggling act has been obliged to grow more frantic. Instead of merely misappropriating funds to rescue badly-managed banking empires, the European Union has taken to attempting to cover up the degree of its own incompetence by actually draining money from poorer countries to pump into richer countries, for the simple reason that if a big economy collapses – say, that of Germany or France – it will wreak much more havoc than the collapse of a smaller economy – say, Greece, Ireland or Portugal.

Where BNP Head Office might take funds from regional branches to prop-up its own central administration, so Europe is taking funds from regional economies to prop-up its own central economy. No organization, whether the BNP or the European Union or anything else, can survive indefinitely in a situation where its central administration is reduced to the trick of “robbing Peter to pay Paul”.

In the case of Europe, and especially in our case Britain, the draconian measures of government to squeeze the general population until the pips squeak in order to desperately maintain the illusion that the nation remains internationally credit worthy, are ever more rapidly resulting in the stopping of all economic growth and replacing it with the growth of new areas of poverty and evaporating pensions.

In recent analysis, the economic growth of the United States has shrunk to a mere 0.3%; here in Britain it has diminished to 0.2%. Mighty Germany itself has evaporated to just 0.1%, and France has now reached actual zero. In our analogy with the crisis within the BNP, this is the equivalent of the use of regional funds to cover the losses of Party HQ resulting in mass resignations of members, until a stage is reached when everything has gone round such a vicious circle that the organization no longer has any income.

This is worrying enough in the case of our Party – how much more should we be worried when it is now also the case of our country, and the case of the European Union that has hijacked our country? In the case of sterling, the failure of the Bank of England to achieve its target of preventing or even significantly slowing rising inflation is not merely making the prices rise at an increasingly alarming rate in the shops; it is prompting investors to abandon investment in European national industries and developments and, instead, transfer their funds into far more secure options, such as buying gold. Particularly, investors are being attracted by the expanding economy of China, resulting in badly-needed investment funds being redirected from European countries into the Chinese economy.

Probably the best summing-up of the present state of the European economic situation is that of currency strategist Simon Derrick of BNY Mellon (the Bank of New York Mellon Corporation) who summed it up succinctly thus: “The Euro’s performance has reminded us of the point where Wile E. Coyote runs off the edge of the cliff and fails to fall simply because it does not occur to him to look down. Of course, all this changes the moment his forward momentum runs out, he finally glances into the chasm below and then falls to his fate.”

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5 Comments

  1. Peter has hit upon an important point in respect of BNP branch bank “accounts” but is slightly mistaken. In actual fact it is (or was – if the system has been changed) easier than he imagines for head office to get its hands on branch funds, as the so-called “branch accounts” are/were mere notional subdivisions of the main head office account and not separate entities.

    That head office dipped into branch funds in a big way was evident from the last general election when head office purchased candidates election material on “tick” from trusting printers, despite having only a week or so previously insisted that all branches pay up and in full, for their candidates election literature needs.

    So where did all the money (£100,000’s) that branches paid in three or four weeks before polling day to pay for their candidates literature go? It had to have gone somewhere else head office would not have needed to have resorted to pursuading printers to print on credit.

    Perhaps one day, when Mr. Brons and his team get their hands on “the books” (the proper set that is), we’ll find out. Until then it’s anyone’s guess.

    On the basis that the proof of the pudding is in the eating what’s the bet that if the majority of remaining branches all demanded their money back in cash at the same time, that head office would be unable to comply? Perhaps head office would seek a deal with branches along the lines offered to printers – that is – 20 pence in the £1 or, more likely, they would simply sack the organisers, disband the branches – thus eradicating the debt.

    Banking with head office is about as safe as banking with Del Trotter, but not half as funny.

    • Jim Diggory, you are perfectly correct in what you say, but in my defence I must point out that I knew everything you have itemised, but I needed to keep my article as short and to-the-point as possible, which meant concentrating on the European parallel and therefore not going into great detail about the branch accounts; and also, in view of the – shall we say current delicacy? – regarding various investigations by such as the Fraud Squad, I deliberately used phrases such as “can be legally raided” and not “are being legally raided”, and “allowed Head Office the possibility of” instead of “allowed Head Office to do it”, and “might take funds from regional branches” instead of “are taking funds from regional branches” and so on, purely in order to avoid making actual allegations and, instead, just pointing out loopholes which might be taken advantage of. I shall leave it to others who have any direct, confirmable and provable evidence to make accusations – this was not my purpose in writing the article. I simply tried to “walk a tightrope” between mentioning a Party situation I have heard about (which, since I am not directly involved in it and have no actual documentary evidence in my own possession, is classed as “hearsay” and does not stand up in court) and drawing an interesting parallel with a provable European scam. Best Wishes, Peter.

  2. But surely all the pain and inflation and loss of industry is worth it in order to be more diverse, to have more Negroes and Muslims, isn’t it? They are going to save us and pay our pensions, just like in Somalia, right?

  3. When is Griffin going to explain party finances to his members, who have financed this party?
    Do we have to wait till the Panoramas BNP bash?
    Will Griffin still have his head stuck in the sand after Panoramas take?

    • Jerry, judging by the number of people who are still paying cash into the Trafalgar Club and making donations, I think that even after Panorama has shown the nation what is happening, there will STILL be some divvos somewhere who will be glad to throw their money at Griffin. Sometimes I despair at people’s gullibility.

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