An Agitator recalls… (5/7/12)

An Agitator recalls… (5/7/12)

1. In trade union publicity in 1999 ,I noticed the trend after the English- Marxist- radical- liberal tradition for countries which had been defeated in war to pay a tribute in goods, food and services to the victors i.e. Britain and the US.

2. In 2003 I predicted "the deepest crisis since the 1930s" and so it has come to pass as illiquid banks have hit the wall. In 1990 while I was living in Dublin- I met him in front of the Central Bank,to be precise- I noted to Micheal O’Muireagain of Sinn Fein that bank reserve ratios were too high in Ireland because the Irish had copied the English practice of £1.50 loan to £1 capital  ratio compared to 4:1 for Germany and 6:1 for the US. O’Muireagain was a convicted bank robber and traded my ideas for cash while claiming to demote me from secretary to member of the Connolly Unemployed Action Group he controlled. He was disappointed- I left. (I had gained a renewal of the lease on the group’s premises and the role of secretary was handed over to an illiterate, ambitious Sinn Fein groupie.

 In September 2008 I predicted to Donal O Cofaigh "a double dip recession". In late 2011 the economy plummeted for the second time in one period of recession. On 26 October 2010 I predicted a "slight third dip" to a shopkeeper (S. F.) and in January 2011 the UK economy dipped by 0.1%.

Mea Culpa. In 2003 I got the long-term and real nature of British manufacturing wrong. It is currently stable and directed on an increasing basis towards exports. The trade gap is falling.