Monday, October 13, 2008

The Evils Of Our Days

If they are correct, reports that the government is going to nationalise the Royal Bank of Scotland herald that the era of British fascism has finally dawned. It has been a long time coming; now that it is finally here, there will be some who will actually welcome it.
Just as we are poorer and less free than our parents, so our children will be poorer and less free than we have been. The forces of the state are now ranged against the citizen, and government conducted for the benefit of the rulers, not the ruled; the Royal Bank would not now be coming into state ownership if it did not suit some agenda of the Labour Party's. The fragmentation and dislocation of society which has been evident for many years to those who travel on public transport will spread. Dystopia may be upon us.
Pray for deliverance from this evil. For evil it is - the product of decades of wickedness perpetrated by those who came before us quoting words of love from saints, but who seemed intent on smashing portions of society; who spoke of peace and reconciliation, but who became avid warmongers; and who spoke of social justice while presiding over massive growth in equalities. Historians of the future will call them all cheap careerists, whose actions were entirely motivated by their own pursuit of power; yet the damage they have done will endure.
It is not for us to decide whether or not the people who did these things were genuinely evil; but some of their actions have most certainly been evil, and millions will suffer because of their worship at the altar of the false god called economics. They did not listen to their hearts, but to the siren voices whispering in their ears. Pity the poor, the weak, the vulnerable, the sick; in the days to come, they will be like lambs to the slaughter. The welfare state will be placed under the greatest stress in its history; it may be destroyed.
Lord, deliver us from this distress; save us from hardship; help us keep our jobs; but let Thy will, not mine, be done.


Blogger David Lindsay said...

Not only national sovereignty, but also the United Kingdom as such, have been significantly secured today.

The Bank of Scotland, 1695's definitive break with usury and entry into modern economics, the last institution to have been created by the old Scottish Parliament and to survive down to the present day, the pioneer of overdrafts and bank notes, is today effectively under the control of the British Government.

So too is its great historic rival, the Hanoverian Royal Bank of Scotland, set up to counteract the Bank of Scotland's Jacobitism, a rivalry which long extended to hording each other's notes in order to turn up with them, annually, at each others headquarters, there to demand, as "the bearer", to be paid "on demand the sum" stated on each of them.

The circumstances giving rise to the Union of 1707 have effectively arisen again, and have been addressed in pretty much exactly the same way.

Much the same people in Scotland overreached themselves, and that for the very same reason (the desire to be world players), so they have had to be rescued from London, itself acting under the direction of London-based Scots, but with everything that being rescued entails in terms of future control.

And why not? Remember, oh Scotland, that while there is the Union, neither the Bank of Scotland nor the Royal Bank of Scotland will ever go bust, just as you will always have a National Health Service, old age pensions, and all the rest of it.

Effective central government control of the Bank of Scotland, and outright central government ownership of the Royal Bank of Scotland, are very clear reminders of that.

More than that, they are constitutional safeguards of it, from today an integral part of the constitutional settlement that is the United Kingdom, a settlement now significantly stronger, safer and more secure than it was even yesterday.

How could any conservative and Unionist be anything other than delighted?

13 October, 2008 18:09  
Blogger Martin said...


In his book 'Capital of the Mind', James Buchan recorded an incident which took place during the Jacobite siege of Edinburgh Castle in 1745.

Despite the fact that RBS were staunchly Hanoverian, John Campbell, its chief cashier, was willing to take part in a little business at the castle gates at midnight, changing RBS paper that the Jacobites couldn't change anywhere else in exchange for gold.

Excuse me if I don't seem too enthused about the historical principles of the Royal Bank of Scotland.

Although you're quite right to say that today has shown that the Union is more important than ever, my fears for the pain and dislocation we still face go beyond politics. What's in the bag in the event of another fall?

14 October, 2008 06:45  
Blogger David Lindsay said...

Let's hope that we never need to find out.

Meanwhile, what is now the point of devolution? The end of the "process, not an event" can never now happen.

The only point of devolution was as a means to independence. Even the Tories made peace with it on that basis.

The only people holding out were Labour MPs from Scotland, especially after the SNP election victory, which essentially broke the deal: that Labour would always run both Westminster and Holyrood, as seemed perfectly likely in 1999.

Well, two of those Scottish Labour MPs have gone on to become Prime Minister and Chancellor of the Exchequer respectively. And they are having their revenge now.

The British Government now owns almost half of the Bank of Scotland, and more than half of the Royal Bank of Scotland, both of which would be bust by now under independence. Ireland, Iceland and Norway have gone from the Arc of Prosperity to the Arc of Insolvency. And so forth.

Why, even Bush is copying Brown. Whatever one may think of what Brown is doing, few, if any, would be the Presidents of the United States who even knew what the Prime Minister of an independent Scotland was called, never mind cared what he thought or did about anything.

Game over. With Salmond's flapping in the wind on television, it is high time for the Parliament of the United Kingdom to avail itself routinely of its right to enact any legislation it likes, overriding that of any devolved body, which could continue to exist in the shadows until no one could be bothered to put up for it any longer.

Unless they enjoy their current humiliating and humiliated representation, the people of Scotland should dance in the streets for joy that the grown ups are back in charge. Those grown ups, after all, have just saved the Scottish financial services sector. Grown ups do that sort of thing. Because they can.

14 October, 2008 16:53  
Blogger Martin said...

I'm afraid I wouldn't define any involved in this as a grown-up; more like a lucky groom who's managed to catch the horse after leaving the stable door unbolted.

15 October, 2008 07:06  

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