Selling England By The Pound

The government propose paying down the National Debt by selling off assets such as the Tote, The Dartford Crossing, the Student Loan Book, etc.

This is wrong in so many ways.

You don’t sell your assets off cheap when you have no money because then you’re left with no assets and no money. It’s financial mismanagment on a colossal scale.

Then there’s the National Debt itself. It shouldn’t exist. It should never have existed. The government ‘borrows’ money from banks that the banks don’t have in the first place. They make it up out of thin air. They do this under license from the government. They then demand to be paid interest on top of the original money. Where is that supposed to come from? It’s clearly impossible. This is what we live in. Ridiculous.

If the government can grant a license to a third party to create money electronically, it can do the same thing itself. It could do it at no interest, and grant it to deserving parties like businessmen, or it could create money at low interest, and similarly grant it to businessmen. Under the first scheme everyone would still have to pay taxes, under the second scheme, arguably we could do away with taxation and simply fund everything needed from the interest repayments.  

Both ideas are mathematically feasible, in fact, many alternatives to the present oppressive system are.

Why do we keep the present one?

It favours the wealthy. They have the reigns of power, and they ain’t giving them up.

Except that they are, because they’ve lost them from their hands. It’s got away from them, they’ve lost control of it all.

They’ve killed the golden goose.

They’ve over-milked the cow.

The fleas have killed the dog.

The parasites – are you getting this? – have killed the host. 

So, it’s over anyway. All this nonsense about this scheme or that scheme the politicians are blathering on about… it’s all just to make it seem like it’s somehow business as usual.

It isn’t.

We face a future we aren’t prepared for and our glorious leaders are trying to pretend isn’t happening.

Be afraid.

Be very afraid.

BB

Give Over, Darling

Chancellor Alastair Darling is this morning reported as stoutly declaring his intention to limit bankers’ bonuses. Does he stoutly declare how he’s going to do that, I wonder? If the bankers want to pay themselves more money, they will. They won’t call it a bonus, it’ll simply be called a renumeration instrument, or some-such. Business as usual, then, for the banks, something else Darling is said to be declaring he’ll end. What nonsense! When the banks wanted to get round financial insurance legislation they took the insurance concept, added a bell and whistle or two and called it swaps. Same deal, just no regulation. Darling isn’t going to regulate these people; they’re cleverer than him!

More indication he’s superfluous, then. Anything really important and politicians can’t affect it or effect it. Who runs the place, then, elected politicians or unelected bankers? When it’s all going well you might kid yourself it’s the elected politicians and that  you actually have any say in how things are run thorugh your vote. When push comes to shove, it gets pretty obvious you simply don’t, doesn’t it? And along with these stout declarations are other declarations, equally stout, about regulating the banking system so that the financial meltdown (supposedly averted but in reality merely postponed) can never happen again. These might have more weight were they not issuing from the smug motley crew of politicians and bankers who allowed this situation to ferment in the first place. Given they were the people who led us into this, it’s doubtful they’ll either wish or be able to lead us out. To whom can we turn now for leadership?

BB