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A Modern Jubilee: How to End The Recession According to Economist Steve Keen
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2012 was the year of the Queen’s Jubilee. How can anyone have failed to notice?
Have you ever wondered where the word "Jubilee" comes from? Obviously it denotes a celebration, a time of jubilation. But the question is, what is it we are supposed to be celebrating exactly?
Originally the word represented the ancient practice of debt forgiveness. In the Bible this took place at the end of seven times seven years, that is in the fiftieth year, when debt was cancelled, debt slavery was ended, and property returned to its original owners.
As it says in Leviticus 25:10: “Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each one of you is to return to his family property and each to his own clan.â€
The practice was also undertaken by Bronze Age kings and the Roman State. Whenever the debt burden became too great, the kings would declare an end to debt, thus ensuring the loyalty of the people. The debt ledgers would be burned and a clean slate declared.
Often this was done on the King’s anniversary. This was something seriously worth celebrating. Hence the association between royal birthdays and the idea of the jubilee. It's a pity we don't understand the meaning of the word anymore, or that the Queen can't declare debt forgiveness on her birthday..
This, of course, is precisely our problem now. The world is so deeply in debt that it would take several lifetimes to pay it back. Meanwhile, the people we owe it to – the bankers – are so wealthy that it would take them several lifetimes to spend it.
The debt is greater now than at the onset of the Great Depression.
We have seen a massive redistribution of wealth, from the less well off to the wealthiest. The people who created the banking crisis have been rewarded, while the rest of us are suffering.
And, meanwhile, nothing is being added to the world’s wealth. Bankers are not engaged in manufacture, in innovation, or in research and development. Really they are little more than administrators who happen to have the keys to the safe.
They are administering our money, and then gambling with it for their own profit. Or as the title of a famous book by William K Black has it: “The Best Way to Rob a Bank Is to Own One.â€
Live-in Vehicle
There was a story in the Daily Mail recently about self-employed auto-electrician Daniel Bond who converted a double-decker bus into a home.
This is not new, of course. It’s exactly what New Age travellers were doing over thirty years ago: turning buses, lorries, horse boxes, vans, trailers, army trucks and other vehicles into mobile homes. It was one of the reasons the travellers got so comprehensively trashed back then.
It’s exactly what gypsies and Irish travellers are still doing, only their preferred type of live-in vehicle is a highly polished trailer with glittering cut-glass windows and hundreds of knick-knacks all over the place.
Irish travellers and gypsies are also still being comprehensively trashed to this day.
Daniel Bond’s double-decker home cost £11,000 to convert and has all the mod-cons, including a fitted kitchen and a fully-functioning bathroom. He did it because of the ridiculous house prices, he said.
Read on
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HAWKWIND NEWS
(The Masters of the Universe do seem to have a steady stream of interesting stories featuring them, their various friends and relations, and alumni). Each week Graham Inglis keeps us up to date with the latest news from the Hawkverse..
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Hawkwind and Captain Kirk?
A forthcoming Hawkwind compilation of old and new material is set for release in October. Called "Spacehawks," it's on Amazon as a pre-order. Strangely, the two versions of the CD are priced at £8.90 and £8.82, but there's no indication of what one gets when splashing out the extra 8p.
Equally strangely, there's no track listings shown on the Amazon pages, although CD Services does have the relevant information, and includes this:
"Back once more to delight and astound us mere mortals with their timeless blend of Hard-Rock and Psychedelia, blown into orbit on the back of a rocket ship; HAWKWIND once again prove they are the Masters of the Universe!"
And they show the rather interesting-looking track listing as:
01. Seasons [Remix from ‘Onward’ album]
02. Assault & Battery [New studio recording]
03. Sonic Attack [New version with William ‘Captain Kirk’ Shatner]
04. Demented Man [New studio recording]
05. We Two Are One * New Track *
06. We Took The Wrong Step [from Dave Brock’s ‘Looking For Love’ album]
07. Masters Of The Universe [New studio recording with Huw Lloyd-Langton]
08. Sacrosanct * New Track *
09. Oh Dear * New Track *
10. Sentinel [Remix from ‘Blood Of The Earth’ album]
11. Its All Lies [from ‘Stellar Variations’ album]
12. Touch * New Track *
13. The Chumps Are Jumping * New Track *
14. Lonely Moon * New Track *
15. Sunship [Remix from ‘Blood Of The Earth’ album]
"Sunship" was a bonus track on the vinyl version of "Blood of the Earth" only, so a considerable number of fans probably won't have heard it before. Titles 02 and 04 first appeared on the "Warrior" album nearly 40 years ago.
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THE YES CIRCULAR - TIME AND A WORD
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The Court Circular tells interested readers about the comings and goings of members of The Royal Family. However, readers of this periodical seem interested in the comings and goings of Yes and of various alumni of this magnificent and long-standing band. Give the people what they want, I say
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This is - I think - the quietest week in the Yes camp that I can remember. Even the various Yes alumni have been fairly quiet. The biggest Yes story of the week was Chris Squire claiming that Yes had 'invented' prog rock. Personally I think that The Beatles did with Sgt Pepper, but that is a moot point. There is a fan's eye view of a Jon Anderson soundcheck from his Manchester show last month, and no less than three pieces apertaining to the new album by Captain Kirk (it's prog, gentlemen, but not as we know it) and this isn't including the Q&A that Bart found which can be seen earlier in this issue. The three William Shatner stories can be found HERE, HERE and HERE, and the Yes link is of course, that not only do some Yes alumni play on the record, but it was produced by Billy Sherwood. There is such a buzz about this record at the moment that I am looking forward to hearing it.
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And that is - I am afraid - that, for this week.
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I am probably getting a bit OCD about all of this, but I find the Yes soap opera of sound to be absolutely enthralling, and I for one can't wait to see what happens next!
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YOU DO NOT HAVE TO BELIEVE
in anyone or anything.Without you
there will still be traffic jams,wars,chaos,complaints
letters to the editor,umbrage,fits of pique,
adventures,seashells,abandoned beaches,towers,tirades
tidal waves,Tsunamis and snails in someone's garden.
Whether you wake or sleep,maybe a moon
definitely one sun,some stars and planets ,
meteors,sun spots,solar storms,spy satellites
Maybe poles will reverse.Our little lives know less
than the fact that without us,the bus will still leave
The trains will never run on time-just tracks.
Like us,some of them-are coming back
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In Victorian times every well-bred Gentleman had a 'Cabinet of Curiosities'; a collection of peculiar odds and sods, usually housed in a finely made cabinet with a glass door. These could include anything from Natural History specimens to historical artefacts. There has always been something of the Victorian amateur naturalist about me, and I have a houseful of arcane objects; some completely worthless, others decidedly not, but all precious to me for the memories they hold.
But people send me lots of pictures of interesting things such as this insanely expensive Led Zeppelin signed poster. As Geordie Dave wrote to me:
"That price tag has left me dazed and confused. But it is a little bit of Rock and Roll history and it is in great condition and does not look like it's been trampled underfoot. "
Read on...
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INTRODUCING THE NINE HENRYS
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There are nine Henrys, purported to be the world’s first cloned cartoon character. They live in a strange lo-fi domestic surrealist world peopled by talking rock buns and elephants on wobbly stilts. They mooch around in their minimalist universe suffering from an existential crisis with some genetically modified humour thrown in. I think Peter McAdam is one of the funniest people around, and I cannot recommend his book The Nine Henrys highly enough. Check it out at Amazon.
Each issue we shall be running a series of Henrybits that are not found in his book about the nine cloned cartoon characters who inhabit a surreal world nearly as insane as mine...
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THE WORLD OF KEV
Kev Rowland
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LODGIC Nomadic Sands (YESTERROCK)
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Now, I hadn’t come across this band before, but had an interesting line-up, including Mike and Billy Sherwood on vocals & keyboards, and vocals & bass respectively, and Jimmy Haun on guitars & vocals. They were around for ten years, from 1977-1987, but this 1985 album is their only release. It was produced with David Paich, Tom Knox and Steve Porcaro, so perhaps it is not surprising given all involved, that this is an AOR album with some prog influences. The other thing that is apparent straightaway is that this was recorded in the mid-Eighties, and brings together influences that in many ways are somewhat dated, but fun at the same time. Imagine ‘90125’ era Yes getting involved with Go West and the Thompson Twins and you may get somewhere close to this.
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It is an album that brings a smile to the face, as it just needs to be accepted on face value and just don’t expect any depth to this at all.
It is an appetiser as opposed to a main meal, something light that will keep you going until lunch, and at the end the feeling is that you have listened to something and it was okay, but you can’t remember much about it apart from the fact that it is an 80’s AOR/Pop/Prog album that is okay, but nothing more. After Lodgic broke up, Billy of course formed World Trade and found fame and fortune, but if you are interested in his early career then this is pleasant without being essential.
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MESETIAH A Force to Recognise (INVERSE RECORDS)
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Mestiah were formed in 2008 in Kokkola, Finland, and this 2011 album was the follow-up to their debut ‘The Purpose of Existence’. This is brutal metal, which brings together elements of Crowbar, Pantera, Meshuggah and even Lamb of God in a way that may not be creating anything dramatically new in the scene but boy is it good. When I first started playing this I was instantly taken into their dark and hard world, one where light rarely makes an entrance, and was incredibly impressed with the tightness of the band as a whole. The guitars are bang on, often quite staccato in approach, and it is just the tightness of these that really lifts the band. Some people may ask what these guys are doing when music has moved on in so many ways, but if it ain’t broke why fix it?
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This is all about getting out there and creating a moshpit that has some groove and plenty of aggression.
Meshuggah fans in particular need to sit up and take notice of this, as although they haven’t taken the syncopation to the extreme it is definitely there and the result is something that contains a lightness and finesse that one rarely experiences with music that it is this heavy. The louder you play it, the better it gets, and yet again Inverse have uncovered a Finnish act that need to be heard outside of their own country. Superb. www.inverse.fi
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PARADISE INC. Time (AVENUE OF ALLIES)
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For some strange reason, Brazil keeps pumping out some great bands and if this debut is anything to go by, here is yet another to add to the list. These guys are fronted by experienced singer Carsten “Lizard†Schulz (Evidence One, Midnite Club, ex-Domain), while the rest of the band, guitarists De Grigo and Marcos Peres, bassist Rick A. and drummer Allan Juliano are all veterans of the local Brazilian cover band scene. These guys have set themselves the task of mixing and melding classic hard rock with AOR and have managed to achieve something that will be appreciated by fans of both genres. There is a depth and quality to the songs and arrangements that is often missing from AOR, yet plenty of great vocals and hooks that will definitely appeal to fans of that genre while never losing the guitar edge that fits in more with hard rock.
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In many ways it is almost as if they have taken Seventies hard rock a la Bad Company, and then mixed it with the Eighties AOR sound a la Toto to create something that is timeless. Some of the numbers contain piano which definitely adds another facet to the sound, and they even have Doogie White guest on one. The guitar solos are to the point, with a real shred fluidity, and the result is something that sounds as if it is from a really experienced outfit with loads of albums behind them instead of this being the debut. If you enjoy good strong melodic hard rock songs, then this may well be for you.
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PHASE REVERSE Phase Reverse (AURAL MUSIC)
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Originally released in 2009, this Greek trio then signed to Aural Music who reissued it in 2011 with some additional material and new artwork.
These guys have an interesting concept in that they state that they are “not quite metal, not quite rock, but the best of both.†Okay, I guess I can go with that as a description, as what they are clearly adept at is taking bits and pieces from both genres and then mixing them together within the same song. Let’s get one thing clear at the outset though, when these guys are heavy, they are right up there with the real heavyweights as all three of them combine to produce power chords and solid slabs of music that can bring down walls if played loud enough (and I live in New Zealand, so I know all about earthquakes).
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But, this is not just about music that is powerful enough to walk on, but instead they have many strings to their collective bow. Singer Anastasios “Tas†Ioannidis (who is also the bassist) is an incredible asset, with a voice that has a breadth and depth as well as range. Although not quite a deep as Danny Joe Brown (RIP), he has a similar style in that when he sings it is almost as if he is singing chords instead of single notes, such is the richness and tonal qualities. Also, an added asset to Western ears is that there is no accent whatsoever.This is album that is meat and potatoes, something that is filling and satisfying, which makes one want to go back for seconds. Some of the runs and fills within “Eye to Eye†for example are just stunning. Alexandros “Alex†Alexiou obviously uses treetrunks instead of drumsticks, while John “Chief†Stergiou is happy to play gentle notes in the background, or provide powerchords that Iommi would be proud of, or blistering runs and solos when the need requires.
This is easily one of the finest albums, whatever genre, that I have ever come across from Greece and I can only hope that it isn’t the last we hear from these guys who appear to be currently unsigned, but are still gigging. This is a superb release. www.phasereverse.com
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John Shuttleworth - Brian Appleton - My Turn To Be Poorly (CD)
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Brian is a rock musicologist and (suspended) part time lecturer in Media Studies at a college of further education in the Newcastle under Lyme area. Originally from the Selly Oak area of Birmingham, he is in a destructive relationship with Wendy, an aroma-therapist.
Brian claims to have been no less than pivotal in the development of popular music for more than thirty years, influencing artists as diverse as Rod Stewart, The Byrds, Steve Harley and Morrissey, his only reward being dumped upon from a great height. On his CD you will find audio snippets from his first lecture tour, 'Lets Look at Sound'.
Has Brian been the unsung guiding force behind countless musical movements in British and American pop, having as his only reward failure, oblivion and despair?
Have a steady stream of artists stolen their trademark ideas, riffs and stage presence from this embittered Brummie?
Have they then conspired to keep him in obscurity whilst claiming his intellectual property as their own?
You decide!
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THE BEST LAID PLANS...
My assistant editor Captain Frunobulax the Magnificent and I have had a peculiar week, mostly due to the fact that I have still been mad for much of the time, which doesn't really help my day-to-day life, although The Captain likes it, because I go to bed quite a lot and he can sit on me.
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The weather has been more than slightly peculiar; some days - like today - are showing the last bits of the summer sun, but on other days it has been bucketing down, so Graham has been building more shelters for the various aviaries. I have to make the decision soon whether to bring the quails and the partial albino crow into the conservatory for the winter rather than having them brave the elements outside. I think that I probably will.
Mike returns in a couple of hours for our second day's recording. The sessions are going well, and I will have news and more music for you next week, with a bit of luck and a fair wind.
Remember that it doesn't cost anything to subscribe, and that in doing so you are joining an elite, and rapidly expanding group of music fans who believe that we are not being given the music or the cultural coverage that we deserve. We are living in disturbing and strange times, but ultimately they are very interesting ones, and continuing to chronicle the Gonzoverse is an immensely rewarding thing to do. Thank you for reading.
Until next week,
Slainte
Jon Downes
(Editor)
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