Black Bull

A Cock and Bull Tale

This is but a preamble to my latest Rogue Cast which should be uploaded later today, all being well.

A number of UK councils have declared or are on the verge of bankruptcy. Here in Nottingham, the City Council has declared itself to be bankrupt.

This gives rise to the question – where are my CT payments going?

In Nottingham’s case, some £38m was ‘lost’ in its notorious ‘Robin Hood Energy’ venture.

However, I would posit that across the country, a sizeable chunk of the CT collected goes directly into interest payments made to the like of Barclays over LOBO loans which were taken out by the councils.

As I wrote back in 2017,

The Great British Mortgage Swindle is an example of how the banks steal money via the very homes we live in and the LOBO loans taken out by many councils from c. 2003 to 2012 are another stark example.

Lender option borrower option or lender’s option borrower’s option (LOBO) is a long term borrowing instrument available in the United Kingdom. They involve periodic interest re-fixings, which incorporates two linked options:

 

lender’s option: option for the lender to set revised (usually higher) interest rates at predetermined interest reset dates such as annually.

 

borrower’s option: linked option for the borrower (exercisable only if the lender’s option is exercised) to pay the revised interest rate or to redeem the bond although that may involve exit fees.

 

They are provided by banks and the loan contract runs for between 40 and 70 years. There is no regulatory body responsible for overseeing their use … Campaign group Debt Resistance UK researched LOBOs using the Freedom of Information Act.Banks, such as Barclays and Royal Bank of Scotland (RBS), provide LOBO loans to about 240 UK councils (63% of all councils in 2013) with a total value of £15 billion. Out of this £15 billion it is estimated that about £1 billion in upfront profits was made by the lenders. LOBOs are currently almost a fifth of all council borrowing.

 

LOBOs were recommended to councils by specialist financial advisers who, unknown to the council, were in turn paid commission by the banks providing the LOBOs.

 

At least 12 councils have the most expensive types of LOBO loan. Most of these have “inverse floaters” taken out with RBS – interest rates for the loan are increased if general bank lending rates decrease.

 

As a direct consequence of making repayments on LOBOs, councils have had to make major cuts in services to their residents. It has been calculated that if councils were free to relinquish their LOBO contracts at no penalty and instead borrow at a more typical market rate it would save them about £145 million for 2015 alone. Some councils are considering taking legal action.  source

For instance, take Kirklees Council in West Yorkshire: this comment from the local newspaper summarises it neatly:

“Kirklees have L.O.B.O loans for £500 million to be repaid in the future, you are paying £4 million a year interest, you seem reluctant to mention this. I suggest everybody googles lobo loans and and Kirklees liability it makes interesting reading.” source

Interest payments on the purported loans are taken to service the debt directly from the people via unlawful council tax. A fake debt at that. Just like a mortgage. No consideration by the banks. No disclosure as to how the credit is created and disguised as a ‘loan’.

Some of these loans have a 90 year longevity, which means that unless they are extinguished, future generations will be paying for the folly of those who were responsible for taking them out.

However, the fact is that the loans are fake, just like individual loans and credit card payments. The credit is stolen and misrepresented as a loan.

Any CEO and Chief Financial Officer could, if he had the knowledge and the courage, discharge the fake loans simply by following the Equitable Common Law Lien process.

In other news, the poet Benjamin Zephaniah died last week, apparently from a brain tumour which was diagnosed just 8 weeks ago.

I don’t know for sure that he had the 3 Dart Finish but it appears he had certainly fallen for the Divoc 91 Psy-op, “He told Sky News’ After The Pandemic programme:

“I am quite nervous about [physical interaction], just because I know of the realities.”

If I were a betting man, my money would be on him having rolled up his sleeve to take the deadly serum, delivered at needlepoint.

In any event, he could not have known the realities, as he puts it, of the fake plandemic and the poisonous dart due to fraud by non-disclosure.

So my question is this: was he killed by the shots? 

Ironically, he writes this in one of his patois poems. This a typical example of his poetry:

“Dis poetry is like a riddim dat drops
De tongue fires a riddim dat shoots like shots
Dis poetry is designed fe rantin

Dance hall style, big mouth chanting,”

Now, I do have some experience when it comes to poetry, both as a poet and a performer and it is fair to state that many of the most entertaining performance poets rely excessively on repetition and colloquial dialect. The depth is lacking but people enjoy the performance regardless. So it was with Mr Z.

In 2021, I wrote an article. They Shoot Footballers, Don’t they? about the sudden spate of professional footballers (and other athletes) who were dropping like flies on the field of play. The issue has not gone away and in a high profile incident that took place at AFC Bournemouths’s ground, Dean Court, the Luton Town player, Tom Lockyer collapsed with heart issues, just over 6 months after he had similarly collapsed and had to have heart surgery. He was passed fit to play but, right now, there must be a question mark over his ability to continue in a profession populated by some of the fittest athletes in the world.

Whilst my previous Rogue Cast was banned within hours on You Tube, probably as a result of my reference to the devastating release by Barry Young, the whistleblower, about the deaths in New Zealand that have occurred as a direct consequence of the vile vials injected by way of the 3Dart Finish, I refuse to shy away from the subject, so the next RogueCast will be posted on Rumble.

---

Thank you to all my readers and listeners and a special thanks to those who bought me a coffee or two. If you are able, please consider making a donation via the Buy Me a Coffee button in support of my work in exposing the Great British Mortgage Swindle and the other various scams that hold sway in this crazy realm. All the best to each and every reader, especially David R who has supported my efforts for a number of years now and a big thank you to those who have recently made donations.

---