THE FRAUD ACT 2006 SECTION 4 FRAUD BY ABUSE OF POSITION

For those who are unaware of the Fraud Act 2006 Section 4, here it is in all its legal glory.

4 Fraud by abuse of position

(1) A person is in breach of this section if he—

(a) occupies a position in which he is expected to safeguard, or not to act against, the financial interests of another person,

(b) dishonestly abuses that position, and

(c) intends, by means of the abuse of that position—

(i) to make a gain for himself or another, or

(ii) to cause loss to another or to expose another to a risk of loss.

(2) A person may be regarded as having abused his position even though his conduct consisted of an omission rather than an act.

The private banks, the banks who have indulged themselves in reckless gambling, create our money. Only during special occasions does The Bank of England create money, as in this latest QE.

The private banks create money for loans, to businesses and the general public, and for mortgages, so that the general public can buy their own homes.

Surely it is in their best interest to finance a growing and stable economy.

Apparently not.

Apparently it is in their best interest to inflate a massive credit bubble based on a housing market that was encouraged to rapidly grow by the plethora of home-improvement programmes on TV (and yes, thats's the same TV that told us Iraq had WMD aimed at your back garden barbecue).

So waking up every morning to a mountain of letters offering us thousands and thousands and thousands of pounds in loans and mortgages at low introductory rates we fell for it, hook line and sinker. Why? Because we the British general public have a suicidal trust in our institutions.

So when that bubble predictably burst they came running to us, crying crocodile tears, claiming remorse and that it will never happen again if we, the muggins British public, bail them out.

But it looks like it's business as usual.

As Mervyn King highlighted last night, there are billions in bonuses for little reform.

We trust that because our fathers and grandfathers fought and won two world wars against nun-raping Germans that we wouldn't be lied to, we would always be told the truth and we would be shown some respect.

We trust that having sent 'our boys' into war again, this time against CIA-financed Islamic terrorists the Taliban or al-Qaeda or whoever it is this time that we wouldn't be taken advantage of.

Not so.

You are, always have been and always be simply cattle.

Cattle to be microchipped, terrified into actions by terrorists, and injected with all sorts of crap, to be finally led to the slaughterhouse of the hospital to be executed via the Liverpool Care Pathway to save on pensions or sent into war to enrich your mocking masters.

These are the simple and brutal facts.

The Fraud Act 2006 Section 4 offers one argument that could rid off this scum.

But there are also others such as the FSMA 2000 which when applied within the framework provided by the Law of Unjust Enrichment make a solid wooden stake to drive directly into the hearts of the bloodsucking vampires.