[Applause]
Thank you. Thank you. Thank you. Thank
you. Thank you. Thank you. Thank you.
Yeah. Let's hear it. More. More. More.
More. More. More. More.
[Applause]
It's all about the love.
It's a campaign of love.
Shalom. It's all fantastic. We are at
the kickoff point of 11 months of
excitement as George Galloway launches
his campaign and rolls over London,
rolls over this country with some a
message that I think needs to be heard.
There's a message that I'm particularly
interested in and that message is to
clean up the city of London. Great
now. First of all, how many of you here
are came this evening actually because
you thought you would see Stacy?
Yes, I know that's the truth. I'm just
uh she's the brains of the operation.
She says to say hello. She's working on
our next episode that we Monday is our
very busy day for us. Let me get into um
what I think are some of the interesting
and salient points that we need to keep
in mind as you decide who to put as your
mayor in this fine town. I want to draw
your attention to a quote from Warren
Buffett. Warren Buffett, one of the
richest guys in the world. He's either
the second or third richest guy in the
world. He said, quote, "There's class
warfare, all right, but it's my class,
the rich class, that's making war, and
we're winning.
That's right. It's no secret, is it?
It's no secret that the rich are at war
with everybody else. That's no secret
who's standing up, who's fighting, who's
putting in the time, the effort, the
policies. Let's continue. By the way, if
I just if I go too far off on a tangent,
just reel me in.
Just let's talk about what Bill Black
said. It was a guy back in the 1980s who
put 1,500 bankers in jail as part of the
savings and loan crisis. Let me tell you
what he said. He said, "The city of
London became the most crimeogenic
environment in the world for financial
fraud, which is why so many UK banks and
units of foreign banks located in the
city have caused the major scandals in
the UK and globally. All of these major
global scandals run through the city of
London. Bernie Maidoff, AIG, the London
Whale, Lehman Brothers, Liebore scandal,
Forex scandal. They outsource their
fraud to the city of London because City
of London is where you can get away with
the most egregious financial crimes of
anywhere in the world. Now, this has got
to end. I would think to restore some
balance, to restore some equitable
distribution of wealth, you need to go
after where all that wealth is
being concentrated in ways that
according to one of the top regulators
in the world signifies one of the most
crimeogenic environments in the world. I
mean, look at this HSBC scandals for a
second, just to give you five of the
latest highlights of
HSBC liebore rigging. Uh, 100,000 fake
Swiss accounts for tax evasion, violated
US sanctions on Iran by removing the
word Iran from wire
transfers. US sent a cease and desist
letter to stop funding of
al-Qaeda. and they
continued. Number five, HSBC worked
directly with the Sola drug cartel,
directly responsible for huge massive
crime wave and death waves, tens of
thousands of people due to the uh drug
wars that HSBC openly and gladly funds.
Their penalties are typically a fine, a
fine which is maybe five or 10% of the
money that they stole.
Uh let's let's ask uh our friend Mark
Carney who runs the Bank of England what
he has to say about these corrupt
bankers. I know that he says on some
occasions that they should be punished,
but he also has said that putting
bankers in jail will not fix the bad
behavior. By the way, in Iceland they
put bankers in jail
and they prosecuted the bad bankers and
now they've got the first and fastest
growing economy in Europe. Yes. Because
they got rid of the problem. The problem
was the bankers. So here's Mark Carney
who says, "Oh, you can't put these
bankers in jail." Meanwhile, Bank of
England has opened a probe into whether
the staff of the Bank of England has
rigged auctions uh before quantitative
easing. Uh Bank of England caught in
rigging and now caught in collusion with
Treasury and trying to hide 48 billion
pound black hole of debt as part of the
37 billion stolen uh by Osborne from
various pensioners and insurers.
And it's causing a lot of stress. I
mean, you've heard that a lot of bankers
are killing themselves. A lot of that is
due because they're being forced to
commit acts of criminal behavior. A
stress Bank of England official stabbed
himself to death. He's 52 years old,
found in his car after stabbing himself
to death.
Uh, and then here's some very strange
behavior that you find in the banking
community when you force people to
misbehave and commit crimes to support a
system that's sucking the wealth out of
the economy as a whole and depositing it
into the accounts of the worst amongst
us, the kleptocrats, the it's a cacosti,
a
cacistocracy.
Cacistocracy. Here's a interesting
tidbit from Lloyd's
bank. The pressure was such that in one
case an advisor misssold insurance to
himself, his wife and a colleague to
make his quota, needing to missell a
certain volume of fake insurance each
month to keep his
job. JP Morgan associate wife found dead
in an apparent murder suicide inside
their New Jersey home.
So this guy bought insurance on his
wife, killed her, then to make more
money, killed
himself. It drives people to act
insanely. When you give people unlimited
amounts of money at 0% interest rate to
make speculative bets and if they go
bust, the government bails them out.
Expect the worst. Expect the worst from
people. Uh in this country, of course,
the debt under Osborne has doubled. It's
1.4 trillion pounds. to his 700 billion
pounds when he took over. And to make
the debt look smaller, they're decided
to figure out ways to make the GDP look
bigger. And one of the ways that they
decided to do that is that sex and drugs
are now going to be included in
Britain's
GDP. This will add 10 billion pounds to
the accounts. So, according to the
Office of National Statistics, each of
the UK's 60,000 prostitutes took 25
clients a week at an average price of 67
pounds
each. 38,000 heroin users at 7 added 754
million pounds at 37 grams per
heroin. This is the Office of National
Statistics. This is your tax dollars at
work, ladies and gentlemen, figuring out
how to boost the GDP so that the debt
looks smaller. I mean, I can imagine
George Osborne at number 11 downing
string saying, "Does my debt look bad in
these
jeans? Uh, but it gets even more
uh because this this is a scandal that
was not adequately covered in my view.
Osborne's aid crack
shame. A top adviser to George Osborne
has been caught in a videotape smoking
crack. Tory economics policy forecaster
professor Douglas Mcameus took the
illegal drug during a late night binge
in a squalled London flat. A source said
he's a
regular. This is a guy who's writing the
campaign and the policy to add crack
cocaine to the
GDP. Think about it. He's monetizing his
own
addiction. What about the legal
environment? Here's a judge in the UK,
Maria
Pulle. She took refuge on two RBS
bankers who have walked away from three
million pound property fraud without
jail time because the judge, Rebecca
Maria Pulle, believes they've already
suffered as they were embarrassed by the
incident.
So, this is setting up I think you you
see where we're going here. There's
there's a city of London where there's
no legal standards. uh fraud is
permitted. There's no rule of law. The
government keeps interest rates near 0%
so that that these four major insolvent
banks, HSBC, Lloyds, RBS, Barkclays, can
continue to roll over massive amounts of
debt on their books that they claim is
worth 100 cents on the dollar but is
actually worth zero. And the only way
that this will ever come to light is if
there's some kind of u a rule of law
imposed or b a global bond market crash.
So you can take your pick. But of course
this is a global problem. Uh US attorney
general Eric Holder mentioned as I'm
sure you heard this quote some banks are
too big to prosecute.
Uh he went on to say that in the Senate
committee they're too big to jail
for banks for for banks will spread from
fraud cases to terrorist financing and
moneyaundering as we've seen with
HSBC. So now you have banks that are not
only too big to fail but too big to
jail. So I will leave you with one ray
of hope. There was somebody who did make
a a protest
The headline is, "That's the wrong kind
of
deposit. Barklay's bank customer poos
all over the
floor." The middle-aged man described as
well to do walked calmly into a branch
and started leaving non-monetary
deposits on the
floor from the bottom of his
shorts in front of horrified
customers. One eyewitness said the man
looked calm but angry.
And uh let's see of course being the
uh couple of visuals here. I guess this
is this hall is such that you will be
able to grasp this. This is actually a
very
succinct photo. I use my very advanced
audiovisisual technology.
But I think even in the back you can see
we've got a line that goes up quite
dramatically here and a line that stays
relatively flat and uninteresting down
here. This is the growth of the global
derivatives market is unsecured
financial
bets concantenated by bankers out of
thin air to roll over bad debts and pay
themselves huge bonuses. Here's the GDP
down here of the world going absolutely
nowhere. And yet when you listen to the
policy makers and George Osborne and
others, they'll say that we need more of
this to create some growth down here.
And yet, and nowhere over these past
years has it ever been
true. The debt in the last seven years
in the globe has gone from it's been
increased by 60 trillion dollars. It's
gone from 140 trillion to almost 200
trillion dollars in debt. The total
global GDP is 60
trillion. And yet uh there hasn't been
any growth. So this is uh clearly I
think when you want to look at
the cause and effect and dig down into
what's going on here and why I'm excited
to be supporting George Galloway in part
of this campaign is that he's already
made statements and said that he wants
to go after uh city of London bring
about some rule of law but I think
that's at a very minimum something we
should all be supporting of the
consequences of this I will tell you
quite Quite honestly, if you look at
Iceland when they did bring in the rule
of law, when they did reorganize the
banking system, they went
[Applause]
through they went through a two years of
hell. Let's be let's be quite honest.
But on the other side of that, they
remained they kept their sovereignty.
They kept their
dignity. And um at this rate, the UK is
at risk of losing
both sovereignty and dignity. So with
that, I will turn it back to the MC.
Thank you very much and uh go to court.
[Applause]