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Civil Liberties Are Cut in this Economic War: Hendry
CNBC.com
Wednesday, Dec 10, 2008
As the financial crisis deepens, civil liberties
are curtailed by governments eager to put an end to falls in share
prices and economies, Hugh Hendry, chief investment officer and
partner at Eclectica told CNBC.
"The government has gone to war, it is an economic
war. And in a war the government takes a larger and larger role
in the society. That's fine, you have to accept that," Hendry
said. "What is concerning is the erosion of civil liberties."
The ban on short-selling financial securities in the UK is one
example of erosion of civil liberties, another is a statement
made in parliament last week which opens the way to silencing
the press during financial crises.
(ARTICLE CONTINUES BELOW)
The Treasury Select Committee said that it will look at the role
of the media in financial stability and whether financial journalists
"should operate under any form of reporting restrictions
during banking crises".
"We're only a year into this and suddenly, already, our
liberties are being brought back, brought in," Hendry said.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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