Here’s former financial services minister Paul Myners in the house recently, attacking the government of which he was a part;
“There is nothing progressive about a government that consistently spends more than it can raise in taxation…” he says and goes on to criticise Labour’s economic policies as “flawed economic thinking”.
Um. Would consistently spending money created out of nothing either by quantitative easing or fractional reserve banking and using it to fund business endeavours, the kind large and small that at the moment are either never getting past the conceptual stage or being starved of funds into administration, that would be regarded then by the great Lord Myners as nothing progressive? I think that for a time at least it’s exactly what this country needs, an alternative money supply to the private banks, one readily available and quite prepared to lend cheaply to foster business creation and support until businesses are bringing in enough mony (and so taxation) for the stimulus to be withdrawn or reconsidered… bring it on, I say, and the sooner the better. Such a shame there’s no discussion of this in the House…
This from Tacitus, Roman historian, on the Britons after being conquered,”All this in their ignorance, they called civilization, when it was but a part of their servitude.”
The early Britons thought they had their own civilisation but really it was just a scam run by the Romans. The Romans had the monopoly on the money supply. If you wanted to trade, you had to use money, which you could only get from the Romans. Every time Britons traded, the Romans got their cut. The Britons were greatly encouraged to consider improving their circumstances by trading (mostly up) as the hallmark of a civilised nation. Get a whole people, a nation, running around trading and giving you a cut each time, self-motivated as they think they’re being civilised… what you’ve got is a machine that works day and night to make money for you.
We today similarly think we have our own civilisation, but really it’s just a scam run by the banks. The banks have the monopoly on the money supply. Every time we trade, bigger car, bigger house, more exotic holiday, or even just basics like food, heat, light… the banks take their cut as we have to “borrow” from the banks to get the money into circulation to use for all this. At interest. All our efforts really serve to do is enrich the banks.
The Roman scam grew bloated and was destroyed by the irresponsibility of the people at the top. The complete withdrawal of the money supply, on which the Britons and everyone else conquered by the Romans had come to depend, precipitated what we refer to as the Dark Ages. What we live in now grows bloated and is being destroyed by the irresponsibility of the people at the top. The money supply diminishes as the banks refuse to “lend”. History repeats itself around us.
I suspect a long night may be drawing in…