Meet Paul Singer: the greedy capital vulture forcing whole nations into poverty

I’ve come across articles on greedy vulture capitalists like Paul Singer before. They’re part of the reason whole nations are in dire, grinding poverty, because of the way men like Singer buy their debts and then insist that they pay them off with interest. While Singer may be extremely reluctant to let it be known what he does, from what I remember others aren’t so reticent and freely display the massive riches they make from the misery and poverty of whole nations. There is something seriously wrong with capitalism when creatures like these thrive and prosper.

Pride's Purge

(not satire – it’s the world today)

The fact you’ve probably never heard of Paul Singer says a lot about the way the world is run today.

Whole nations have been driven into poverty by Mr Singer and millions of people forced to live in extreme penury by his greed.

Singer doesn’t lend money  – he buys up old debts then like an old-style gangster he demands outrageous interest payments for them.

The private companies which do this are known as vulture funds and Singer is the greediest vulture of them all.

As just one example example of his activities, a few years ago Singer bought up the Republic of Congo’s historic debts for $10 million and demanded the poverty stricken nation pay him back at a rate of over 1,000%.

The country – scared of the consequences of defaulting – duly paid Singer $127 million, money which could have been spent on roads…

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Dominatrix posts new photo of George Osborne dancing to Spandau Ballet in her flat

It’s slightly disappointing that Osborne was attempting to show his moves to Spandau Ballet. I’d have pegged him and the rest of the Tories at the time for Swing Out Sister, who formerly performed under the monicker of Capitalism Invaders.

Pride's Purge

(not satire – it’s George Osborne!)

Former escort agency owner and Dominatrix Natalie Rowe has posted a new photograph of George Osborne completely off his head and apparently dancing to Spandau Ballet in her flat:

This comes just hours after Natalie was arrested (but not charged) after she posted another previously unpublished photograph of George on Twitter:

Woman arrested after posting photo of George Osborne at Dominatrix’s flat

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Doesn’t look like the intimidation’s working guys!

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Is This What They Mean By #disabilityconfident? Disabled Staff Twice As Likely To Get Sacked From The DWP

the void

One of the ways the DWP has tried to cover up the vicious attacks on disabled people has been the gushing and cringe-making Disability Confident campaign.

This has mostly involved endlessly tweeting the hashtag #disabilityconfident and organising corporate events where large employers and Ministers all meet up to tell each other how wonderful they are being to disabled people.  Then they can all go back to sending disabled people on workfare safe in the knowledge that the campaign they invented has told them that’s okay.

You might expect however that the DWP’s own treatment of their disabled staff would be exemplary.  This is after all the branch of government which also includes the Office for Disability Issues.  The shocking truth, as revealed in their own research, is that disabled employees at the DWP are twice as likely to get sacked as non-disabled staff and just half as likely to get…

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UKIP candidate resigns claiming party has been taken over by ‘occult devotees’

Glastonbury is, of course, one of the stereotypical centres in Britain for alternative spirituality and New Age occultism. Most of the New Agers I’ve met are normal people, and many of them are very highly educated. Peter Hough in his book ‘Witchcraft: A Strange Conflict’, which was a sceptical attack on the claims that Satanists were sexually abusing and murdering children, presents the figures that most Neo-Pagans and occultists in this country were Lib Dem or Green politically. Clearly, this expression of Glastonbury ‘occulture’ has moved to the Right, and seems to be something of a personality cult for the Tuckers, the group’s leaders.

Pride's Purge

(not satire – it’s the UKIP!)

A UKIP general election candidate – along with his local branch chairman – has resigned claiming the party has been ‘infiltrated’ by occult devotees.

Jake Baynes – who until today was the UKIP candidate for the Wells constituency in Somerset – said he had resigned because there was a concerted campaign against him from within the party from ‘occultists’ who “get their divine inspirations from the Archangel Michael”.

I promise you I’m not making any of this up. Here’s the full story from the Western Daily Gazette:

UKIP candidate claims Glastonbury occult infiltrated party

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Blimey. Are these people really in contention to be running our country?

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Woman arrested for posting photo of George Osborne at prostitute’s flat

Mr Pride asks rhetorically ‘Is any more proof needed that our police are being used to protect politicians’ reputations rather than catching criminals?’ No, none whatsoever. And posting pictures of the Chancellor of the Exchequer out of his mind on drink or drugs or both should not be considered abusive behaviour unless it formed part of a continued campaign of harassment against Osborne personally. From the above description, there seems to have been no evidence of this.

Pride's Purge

(not satire – it’s the corrupt UK today!)

A woman was arrested today after posting a photograph on Twitter of chancellor George Osborne at her flat when she worked as a madame at an escort agency.

Natalie Rowe posted this photo on Twitter just two days ago:

Then today Natalie was arrested by the police for “abusive behaviour”:

Natalie’s home was also searched last year by police after she tried to publish her memoirs in which she mentions Osborne took cocaine and used her services as a dominatrix called Miss Whiplash:

Cops raid home of ex-vice madam about to tell all on wild parties involving top Tories

Is any more proof needed that our police are being used to protect politicians’ reputations rather than catching criminals?

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Sign The Petition For An Inquiry Into The Benefit Sanctions That Killed David Clapson

the void

The family of David Clapson – the former soldier who recently died after his benefits were stopped as punishment for missing a meeting at the Jobcentre – have launched a petition calling for an inquiry into benefit sanctions.

In his sister’s own words:

“My brother, David Clapson, a diabetic ex-soldier, died starving and destitute because he was penalised by the Job Centre for missing a meeting.

“David had his £71.70 weekly allowance stopped meaning that he couldn’t afford food or electricity. He was penniless, starving and alone. His electricity card was out of credit meaning the fridge where he should have kept his diabetes insulin chilled was not working. Three weeks after his benefits were stopped he died from diabetic ­ketoacidosis – caused by not taking his insulin. 

“David wasn’t a “scrounger”. He had worked for 29 years; 5 years in the Army – including two years in Northern Ireland…

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A damning indictment of the DPP and its failure to prosecute Cyril Smith

The Crown Prosecution Service has, like the Serious Farce Office, also appeared in Private Eye over the years for its failure to prosecute the guilty despite ample evidence. Will the publication of any report make them clean up their act and start ‘poncing’ on those who prey on the young and vulnerable? We live in hope.

Westminster Confidential

My  Exaro colleagues Nick Fielding and Tim Wood deserve a big commendation for doggedly pursuing the Crown prosecution Service to force them to release a damning report revealing how the authorities missed their opportunity to prosecute  paedophile MP Cyril Smith while he was alive.

After using the Freedom of Information Act the CPS has finally  a year later released a police report showing the Rochdale authorities knew what Sir Cyril was up to – but  the Director of Public Prosecutions declined to prosecute,.

The police superintendent in charge of the investigation in 1970 wrote;

“It seems impossible to excuse his conduct. Over a considerable period of time, whilst sheltering beneath a veneer of respectability, he has used his unique position to indulge in a sordid series of indecent episodes with young boys towards whom he had a special responsibility.”

No action was taken, and the paedophile MP was free to continue…

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Lib Dems deny wedge in unhedged pledge to keep pledge not to hedge pledges

It honestly wouldn’t surprise me if they did try to say something like this, in order to regain public confidence, and produced as a result one of the tortuous, tongue-twisting pieces of warped logic worthy of Sir Humphrey.

Pride's Purge

(satire?)

Unveiling the first commitment of the Liberal Democrat manifesto for next year’s general election, the deputy prime minister Nick Clegg has pledged his party will keep to its pledges not to break its pledges – a pledge Mr Clegg pledged would not be broken despite previous pledges being broken which he had personally pledged were pledges he would not break.

In a statement to the press, Mr Clegg said:

“I want to make it absolutely clear that the pledges we are pledging before the next election in May 2015 will not be broken – unlike the previous pledges we pledged would not be broken before the last election. That is because the pledges we broke after the last election were pledges we didn’t pledge we wouldn’t break before the last election, unlike the present pledges which we can categorically pledge are pledges which we are pledging will not be broken either before or after the election. That is something…

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Cameron’s crackdown on immigrant benefits is just another grubby con

Mike here suggests that Cameron’s announcement that he is going to crackdown on migrant workers coming to Britain to claim benefits is just another attempt to distract the nation from their plans to privatise the health service even further. Benefits tourism has been shown to be a myth, and the reforms promised to Cameron will only affect a minority of migrants. Who arguably shouldn’t be targeted for being deprived of unemployment benefit at all. It really does seem to be Cameron playing on the knee-jerk nationalism and xenophobia to distract from his continuing plans to sell off the health service.

Mike Sivier's blog

[Picture: I Am Incorrigible blog – http://imincorrigible.wordpress.com/2013/09/15/evidence-not-ideology-benefit-tourism-the-problem-only-fruitloops-and-tories-can-see/ – which agrees that benefit tourism is a non issue and distraction from the UK’s real problems.] The UK is to cut the amount of time EU migrants without realistic job prospects can claim benefits from six to three months, according to David Cameron – who seems desperate to take attention away from Andy Burnham’s speech today on the Coalition’s unwanted privatisation of the National Health Service.

According to the BBC, Cameron said the “magnetic pull” of UK benefits needed addressing to attract people for the right reasons.

But the announcement seems to be deliberately confusing.

It seems this restriction will only apply to people born abroad who have had a job in this country and then lost it. They are the only migrant group currently allowed to claim JSA for six months before the benefit is cut off “unless they…

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The British economy’s long bath

Despite the return in employment levels to 2008, the graphs printed in the Financial Times celebrating Osbo’s supposed success actually show that this is still a country of stagnating wages. In real terms, wages have fallen by 12 % since this squalid crew took power. Osborne is expecting a big tax boost in January from the self-employed, but this is frequently low paid, part time work, and so no-one really knows how well this will work out. And if the interest rate rises about 3 per cent, the number of people struggling pay off their mortgages will double. And the economists really can only guess at how things will go on from here. In short, Osbo and the FT are telling porkies when they say everything will be fine and rosy. It doesn’t matter what they say, the figures and charts they use show the opposite.

Flip Chart Fairy Tales

This was a watershed month for the UK’s slow recovery, with a number of things finally getting back to where they were before the recession. In July, GDP, the employment rate and the number of full-time jobs edged above 2008 levels. The FT did a celebratory piece this weekend with some great charts from Chris Giles.

When you look at the per capita figures, though, things don’t look quite so good. The population has risen since 2008, so, once you divide it up, 2008’s GDP doesn’t go as far.

The employment figures tall a similar story. The rate might be back where it was before the recession but the net increase in jobs has been almost entirely due to part-time and self employment.

As Michael remarked:

Put plainly, what it shows is that the recovery of the employment rate to previous levels has been driven entirely by growth in numbers of people who…

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