Scottish Power

[nikonman]

I have been checking the figures and readers might be interested to know that Scottish Power which is owned by Spanish company Iberdrolo only managed to make ?1.2 bn profit last year.
Sadly for them that was 7% down on the previous year.
The reason they gave for this was that consumers were using less electricity..
At the prices they charge I an not surprised.

This is the company who is going to put gas up 19% and electricity 10% to the British public.

I know this is the first and the rest of the privatised power companies will do the same.

I wonder how many OAPs and the poor will die this winter of hypothermia,
when it's either Eat or Heat.

I wonder how long it's going to be until there is civil unrest in this country.
When this does occur it will be interesting how our govenment reacts

There was a interesting programme on the BBC last night about the UK having some of the worst child poverty in Europe with 3.5millon below the EU guidelines for poverty.
We need a goverment that looks after the British people first before they start dishing out Billions in foreign aid and getting into wars which don't concern them.
Someone should realize the this country is just a small island off the coast of Europe and no longer a world power.

[David Johnson]

Hi,

Couldn't agree more. The story with gas is pretty much exactly the same as it is with other commodities like copper and foodstuffs. Thatcher's decision to sell off the utilities was a disaster. Neither the Tories nor the Labour government have done anything to protect the consumer from the predatory violence of extreme capitalism as they indirectly kill people in return for ever-increasing profits.

You may have noticed that the stock markets are pretty stagnant at the moment. One of the reasons as to why that is the case is that huge quantities of money from investment banks, hedge funds etc is pouring into commodities as an alternative. For example the recent UN report stated that investment in commodity index funds rose from $13bn (?7.9bn) in 2003 to $317bn by 2008 and that increase has carried on exponentially.

When you have someone like the CEO of Starbucks, as capitalist as they come, stating that the market price of coffee beans has been greatly inflated by speculators then you know that there is a whole new game afoot. Once it was sub-prime mortgages, now it is commodities.

So a hedge fund makes a killing and tens of thousands of poor people die of starvation because they can no longer afford the basic staples such as wheat.

How long before civil unrest in this country? The sooner the better. The more attacks on the property of these murdering scum who run these investment funds like Barclays Capital, the better.

Will the government act then? Instilling fear into the likes of Cameron and his ilk is a great way of concentrating minds.

Cheers
D

[nikonman]

David,

I had realized that the investment banks and hedge funds ect. were now investing in commodities but did not know the figures.
Thanks for enlightening us all.

Would you know how much it is costing the country to attack Libya?
I notice that most of the other EU counties apart from France are keeping well clear of this.
I wonder how many of the Libya refugees pouring into Italy will finish up over here.
I also have the fear that we will get dragged into the Syria and Yemen conflits as well.
And all this without any debates or votes in parliament on the matters.

[jimslip]

All of your observations are correct. The frightening thing is that big business has been running these scams as long as I can remember, completely unfetered. In the early 1970's I remember the scumbags creating "Shortages" for everything from vinyl (For records) to you've guessed it, "Coffee beans".

No government dares take these bastards on.

[David Johnson]

A lot of this is guesswork, but here is one estimate. To be fair to Cameron, there was a debate on the Libyan involvement, but I doubt if many expected that it would go on and on.

http://www.guardian.co.uk/world/2011/ma ... -pound-war

Cheers
D

[nikonman]

David,
Yes there was a small debate about selected bombing at the start of the start of the conflict, but there has been no debate since they have upped the ante and are now using Apache helicopters

[Arginald Valleywater]

Bunch of greedy bastards. That will fuck Ozzy Osborne's inflation targets for another month.

[jimslip]

As far as I am aware, a huge amount of the plundering of the UK's utiliies by foreign concerns, which previous generations sweated to pay for, happened under New Labours's 13 years of "Let's flog everything" to finance their orgy of warmongering and general squandering policies. Big business from all over Europe stamped all over New Labour and they did nothing to protect our infrastructure from foreign raiders.

Anyway, before David convinces you that this has happened all during the last 12 months, have a read of this:





Then just to piss you off some more, read this:

[David Johnson]

More moronic posting from the forum favourite of the mentally challenged under fives.

"As far as I am aware, a huge amount of the plundering of the UK's utiliies by foreign concerns, which previous generations sweated to pay for, happened under New Labours's 13 years of "Let's flog everything" to finance their orgy of warmongering and general squandering policies."

So lets have a look at another classic Jimbo post.

What is the problem with the UK utilities? The companies concerned rip us off regularly on price rises.

How has this come about?

1. Thatcher sold off the nationalised utilities at a knock down price in order to ensure the sale went through. She made shares available to the British public in order to bribe them. We had the bizarre scenario of the great British public buying shares in companies which they themselves previously owned. The sale of the utilities resulted in a huge windfall for the banking sector.

2. The utility companies became a licence to print money and changed hands for huge amounts. As the value of these utilities soared, the likelihood of re-nationalisation receded.

3. The same occurred in a whole host of other nationalised industries e.g. the rail network as the Tories did what a previous Tory prime minister Harold MacMillan described as "selling off the family silver".

The Labour party in government did little to control the rampant profiteering of the privatised industries as I pointed out earlier in this thread.

Where does the chief responsibility for this mess lie? The Tories who pillaged the nationalised industries and sold them off to their mates in the City.

Jimslip states
"New Labours's 13 years of "Let's flog everything" to finance their orgy of warmongering and general squandering policies."

How the hell could the Labour government "finance their orgy of warmongering" when the utilities were sold on, when these companies were already owned by private companies having been sold off by Thatcher?

Cheers
D