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Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘Champagne

Banker Robbers Still On The Loose

with 2 comments

If I considered it as the plot for my next novel, I would discard it immediately as being completely unbelieveable.  It is outrageous.  The story of the way the banks have wriggled and wormed away from their responsibilities is the biggest scandal the world has ever seen.

The Very Worst

Today the shameful figures are revealed of the number of complaints that our high street banks receive.  See here.  It is an appalling litany of failure and disrespect of customers.  Complaints are at the very bottom of their priorities.  They are inefficent.   They have bonus systems that discourage staff from accepting complaints.  Santander, which so many used to know as the Abbey or Alliance & Leicester,  cannot manage to answer even half of its complaints within two months!  It is shocking.  It hasn’t got better since we all bailed them out.  It’s got worse.  Oh, except for the bonuses.  They just get bigger and bigger all the time.

These problems,  affecting the modest balances of ordinary people, may seem trivial in the context of the billions that the banks have already cost us but they are not.   They are crucial.   This is real money belonging to real people and needed to pay real bills.  It’s not the cocaine, champagne, Ferrari fantasy of some City boy ponce.   These figures indicate precisely the contempt, the utter disregard which bankers have for us even though it is we, ordinary people, who have been called on to rescue them from their catastrophic mistakes.

Actions Not Words!

Where is Vince Cable now?  He is the biggest disappointment of the coalition government.  His brave words as recently as the LibDem conference are all hot air.  He has let us all down.  His promises were empty.

We want the banks split up so that they are no longer too big to fail.  Only today, in Ireland they are realising that their nation is still held to ransom by its bankers.  So is ours.

We want retail and transaction banking separated entirely from casino investment banking so that there can be no more threat to our economy from the spivs and gamblers.  We don’t want any of these sharks anywhere near our  money.   John Diamond, the putative new head of Barclays has made a £100 milion fortune on the back of the taxpayer and the banking crisis.  He is not a fit and proper person to be in charge of a British bank.  The government should ban him immediately.

Wide Boy Spiv

Late last year the Office of Fair Trading let the banks off a £40 billion hook.  These were the extortionate charges illegally debited from customers’ accounts over the previous six years.  See here. This was in addition to the £850 billion cost of the original bailout.  See here.

How much more are they going to get away with?

When will David Cameron, Nick Clegg, George Osborne and Vince Cable stop dithering?

Stop the banker robbers now!

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Spectacular Spectator Drivel On Cannabis

with 13 comments

Melanie Phillips

A Zionist, Labour supporting, Daily Mail journalist – it’s hardly a good start is it? I should have known better than even to start reading her article in The Spectator.

This woman is a dangerous liar and propagandist.  Astonishingly, with breathtaking hypocrisy in promoting the most dangerous of drugs, The Spectator describes itself as “Champagne for the brain”.

Here is her article, reproduced without kind permission of The Spectator and my letter to the editor in response.

Yesterday morning, BBC Radio Four’s Today programme broadcast an interview with a professor of neuropharmacology, Roger Pertwee. Prof Pertwee was making an eyebrow-raising suggestion – that cannabis use should be licensed. His argument was as incoherent as it was irresponsible. He maintained, repeatedly, that all he wanted to do was to reduce the harm done by cannabis – from dangers which he appeared to define merely as smoking an adulterated form of the drug, or getting lung cancer from smoking it. So he wanted to restrict it to people whom it ‘wouldn’t harm’. They would use it in other ways than smoking it, so they wouldn’t get cancer. They would go along to their GP who would pronounce them fit enough to use it.

Hello?!?

What about the harm that we know is done by cannabis itself to the brain — to cognition, to memory, to motivation, to personality? What about the tremendous increase in psychosis caused by cannabis use? What about the harm it does to other people in the user’s ambit?

Yes, said Prof Pertwee, indeed, his scheme wouldn’t reduce the harm done by cannabis itself.

What about all those millions more young people who would start using the drug and become addicted and do themselves and other people all that harm?

Yes, stammered Prof Pertwee, that would indeed be an enormous problem with his scheme. But all he wanted to do was, er, to reduce the harm. And when he’d chased his own tail round that pointless circle a few times, he fell back on ‘all I want to do is stimulate discussion’.

In short, it was a stupid and dangerous idea which even in its own terms made no sense whatever. Why on earth was this professor of neuropharmacology spouting such self-evident drivel on the BBC that even he himself had to keep demurring at his own argument?

What the BBC didn’t tell us was that Prof Pertwee was not some dispassionate expert who just happened to breeze into the studio with a cockeyed idea about turning GPs into cannabis pushers.

Prof Pertwee is Director of Pharmacology of GW Pharmaceuticals – which has a special Home Office licence to market a cannabinoid medicine called Sativex which is used to treat certain medical conditions.

His embargoed press release even said of his proposal:

‘I think this might be the way forward, but it might not work…  It depends on a private company being willing to produce a branded product’.

But it’s his own company which is best placed to do just that! In other words, the Today programme – as a result of its own lazy and frivolous bias in favour of drug legalisation,  which presumably meant it didn’t do due diligence in researching its interviewee because he had the Correct Opinion on drug policy – was played for a sucker by Big Pharma. It was used to give prime air-time to a piece of commercial advocacy which was passed off as a neutral policy discussion. Except that the product being promoted here wasn’t soap powder, but a drug that enslaves.

Who needs cannabis when the Beeb is so dopey already?

—– Original Message —–
From: Peter Reynolds
To: letters@spectator.co.uk
Sent: Thursday, September 16, 2010 11:20 AM
Subject: Melanie Phillips, The Dopey Beeb, 15th September 2010

Dear Sir,

The disgraceful display of ignorance and propaganda about cannabis by Melanie Phillips cannot be allowed to stand unchallenged.

Her biogtry plumbs new depths of scandalous nonsense.

In the 1930s they used to say that cannabis makes white women promiscuous with black men. Ms Phillips continues on this shameful path of crass misinformation. She needs to do some research before inflicting her ignorance on readers any further.

I agree that Professor Pertwee was incoherent but he is an academic, not a professional communicator.  At least he was dispensing facts. Ms Phillips’ diatribe was, to say the very least, economical with the truth.

Cannabis does not harm the brain or damage cognition, memory, motivation or personality – at least no more than breathing oxygen does and a whole lot less than any other recreational drug.  The phrase “tremendous increase in psychosis” is just a bare-faced lie and that it harms “other people in the user’s ambit” is the very worst sort of journalistic hogwash.

By all means, Ms Phillips, wallow in your own deluded opinion but don’t use your position to spead such wicked, dangerous nonsense.  You should be ashamed of yourself!

Authoritarian scaremongers, political cowards and cheap scandal-seeking journalists have been urging scientists to prove that cannabis is harmful for well over 100 years.  They haven’t succeeded yet.  On the contrary, all the latest research proves that cannabis is a remarkably benign substance yet with some extraordinary medicinal properties. The endocannabinoid system, which was only discovered in 1998 is now known to be fundamental to life and good health.  The only source of cannabinoids outside the body is the cannabis plant.

I used to have time for Melanie Phillips and some degree of respect for her opinion.  I see now that she is just the same as any tabloid hack who cares not one jot for the truth, merely for cheap sensation and worthless rhetoric.

Yours sincerely,

Peter Reynolds