Listening to the Cameron millionaire
cabal spouting about growth in the economy, and how we in the Uk are
ahead in the European recovery, makes you wonder how well their
medication for delusion is working. The latest “growth” is now
thought to be cash being spent by those who have received
compensation from the banks after being miss-sold some of the banks'
favourite gambling scams. So as long as the banks keep getting fined
and people keep getting compensation, people will keep spending, well
those few on the receiving end of the banks con-fund. Hardly the
signs of a powerhouse economy in growth. In countries claiming
“recovery”, it has been a no-wage increase economy, so a
no-growth recovery for the ordinary people.
However it is not just the UK that
is kidding itself on about “growth”, it is a Western malaise, the
delusion of the perpetual growth maniacs. It just isn't there. The
world economy is in decline, the world's financial institutions are
in extreme stress condition. As America tries in vain to save itself,
by limiting “quantitive easing” (printing monopoly money) it is
adding to the chaos and worries of the rest of the world.
What this means for you and I, is the
threat of deprivation on a scale never witnessed before, as country
after country tries to “balance the books” by slashing the social
fabric, the living conditions, of the ordinary people. How do you balance the
books when the world's total debt is in excess of $700 trillion, and
the world's total GDP is only approximately $69 trillion? What this
means is that if every penny of the world's wealth was put to paying
off the debt, it still would not be clear in ten years time. To make
matters worse, more than 90% of the world's money is not real money,
it is funny money, phoney money, created monopoly money, it is illusional.
Any wonder that the financial house of cards is about to collapse? We have to organise now for that inevitable collapse, we can create a better world free from the cancer of profit and growth.
Visit ann arky's home at www.radicalglasgow.me.ukA contagion of capital flight is hitting Argentina, India, Indonesia, Russia, Brazil, South Africa, Hungary and Turkey. A dramatic reversal in the global marketplace, which began in May and is accelerating with every new shock statistic, is forcing the governments of “emerging” economies to savage the living standards for their already low-income populations.Each country has a different story to tell: worse or better attempts at managing their economies; higher or lower levels of foreign currency reserves; more or less extremes of corruption of government ministers; levels of civil unrest ranging from the benign to insurrectionary. But the source of the crisis invading their borders lies elsewhere, beyond their control.- See more at: http://www.aworldtowin.net/blog/sick-global-economy-hit-by-new-contagion.html#sthash.v4CoE9xp.dpuf
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