Michael Meacher has always been a plain speaking sort of bloke, a virtue that is a rare quality in most politicians. An outspoken critic of the invasion of Iraq, he was one of the people invited to speak at the
Positive Money conference last October. He didn't simply speak, he let rip. Ben Dyson and his team have now uploaded the video of his speech to YouTube in three parts. You can find Part 1
here. You can watch all three in half an hour.
He covers a lot of ground including human nature and how this applies to the banking rip off, shadow banking and the market in derivatives, and the reasons the politicians have been unable to do anything about it.
Michael Meacher MP addressing the Positive Money conference in October 2011.
As well as identifying the problems, he puts forward his own solutions, the biggest being the repatriation of the power of credit creation to the British Government - and by implication for the tearing up of the Maastricht Treaty, at least as far as banking is concerned.
