WHILST the current record levels of food and fuel prices are largely the result of the supply and demand operating within the global market in which, under both the Labour Government and Tory Opposition Britain is trapped, costs are even higher thanks to another rather unpleasant side-effect of their globalised economy.

The global market place is infested by speculators, people who make money out of nothing by gambling on the rise and fall of commodity and share prices and in the process force prices up even higher.

For the last ten years the British National Party has been warning about the antics of these parasites who exploit the financial markets, but politicians from all the other parties have dismissed our arguments even claiming that the increasing numbers of speculators centred in places like the City of London and Canary Wharf, are actually beneficial to Britain.

But now the BNP standpoint has been vindicated. David Smith, principal economic columnist for the Sunday Times, writing in his Economic Outlook column in the paper’s business section last month, posed this question on food, fuel and other basic commodities:

“So how come prices are still rising? The answer lies with the new breed of commodity investor, from the hedge funds and investment banks, who have elbowed aside those who traditionally invested in metals, food, and energy commodities.

“Tens of billions of dollars of new money have been pouring into the markets, driving prices ever higher. The same people who brought you the sub-prime crisis and the credit crunch are partly responsible for £1-20-a-litre diesel and food riots from Haiti to Egypt….
“The financial tail wagged by the hedge funds and investment banks in their greedy search for returns will continue to produce nasty economic and social consequences.
“Making money out of people’s desperate shortages of food is obscene, a bit like wartime profiteering.”

Well, we couldn’t have put it better ourselves.

So next time you are out doing the weekly shop or filling up the car with petrol and feel the pinch of rising prices, just remember who is responsible.

It’s the likes of Gordon Brown and David Cameron who can’t see beyond the global market and think it’s a good thing that speculators based in Britain, are able to manipulate the cost of our essential items.

Only the British National Party will get Britain out of the global market and end the commodity investor rip-off by gearing Britain’s economy towards self-sufficiency in as many fields of production as possible.

This report by Steve Johnson appears in the May issue of Freedom, the monthly newspaper of the British National Party.

You can take out an annual subscription to Freedom here.