Debt.

         While we struggle with the cost of capitalist greed, re-named, "cost of living crisis" have trouble paying bills, getting sufficient decent food to the table and can't afford to cook some of the food we buy, our lords and masters tasked, by default, with looking after our welfare, keep telling us to hold our nerve and other hypocritical platitudes, there's pie in the sky- - - - SOON! Our government can still find millions to prolong the war in Ukraine by supporting a dictator. Yes Zelensky with his motley crew is a dictator. There will be no Presidential elections until the end of the war, he has banned opposition political parties, arrested political opponents, banned all unfriendly media, and he shut down Orthodox churches, so what else can you call him.
       It seems that this is standard behaviour for the capitalist system, whether it is at home or abroad. Here at home our poverty is created and managed by the political ballerinas who follow the dictate of the higher echelons of the capitalist system, IMF (International Mankind Fuckers), World Bank (Wayward Bandits) and others of that ilk, we have no say in that, a dictatorship?.

Image courtesy of Bangladesh Info

 

 

       According to the latest research by the National Institute of Economic and Social Research (NIESR). UK households are about to be savaged by yet another capitalist manoeuvre as a result of the Bank Rate rising to 5 per cent, by the end of 2023 more than a million households (4 per cent of all UK households) will run out of savings because of higher mortgage repayments, taking the total proportion of insolvent households to nearly 30 per cent (around 7.8 million), 

        The IMF does not only tie Western countries to its debt ridden policies, It traps any developing country in its debt web and demands control of how that country will manage its affairs, never to the advantage of the recipient country. 

         In the early months of the pandemic in 2020, the IMF offered to open up new windows for borrowing that they said would come without conditionalities. The G20 Debt Service Suspension Initiative and other such offers to pause debt payments suggested that the poorer nations would receive assistance to prevent total economic collapse and to gain access to vaccines. However, Oxfam found that thirteen of the fifteen IMF loan programmes during the second year of the pandemic (2021) required ‘new austerity measures such as taxes on food and fuel or spending cuts that could put vital public services at risk’. The Commitment to Reducing Inequality Index reveals that fourteen out of the sixteen countries in West Africa planned to cut their budgets by a total of $26.8 billion in 2021 to contain haemorrhaging national debt crises and that these policies have been encouraged by the IMF’s COVID-19 loans.
The evidence is clear: the IMF not only engineers austerity-driven debt crises, but its policies are designed to ensure and manage a permanent debt crisis, not to erase debt.

Image courtesy of Gauri Lankesh news

 

          Does it have to be this way, are we so dumb we can't think of a fairer system on which to build our society. Are we condemned to give our children and grandchildren an ever increasing debt laden country and an ever decreasing standard of living? That's what the present capitalist economics of insanity are constructing for our future generations. Only us the ordinary people can change this, don't expect those who gain so many privileges so much wealth and power from the present insanity to ever dream of changing to a fairer system.

 

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IMF.

Image courtesy of Medium.

          I have often spouted about the financial Mafia, whose members include, the IMF, (international Mankind Fuckers) World Bank, (Weasel Bastards) and ECB, (European Criminal Brigade), these corrupt, wealthy and powerful groups dictate to nation states how they should manage their financial affairs, and it is always in favour of the big corporate pillagers and plunderers of the world. We can parade and march, protest and shout at our national governments, but they are just the managers of the financial Mafia's plans. The real power lies not in your council or parliament, but behind closed doors in the marble halls of of the financial moguls, whose plans have brought countries to their knees and populations into a world of starvation and deprivation.

Image courtesy of BBC.

        Until we grasp this fact we will be chopping a few leaves of the poison tree, it is the root we have to attack. No easy matter, but it is the only answer to end this system of economic insanity that feeds and fattens the vultures while starving the children

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More Private, Less Public, Makes Lots Of Money For The Few.

        Sometimes it is worth repeating some things, as the enormity of what an article says is not fully grasped by the general public. Privatisation is sometimes seen as a national decision, and so people lobby their national government about their concerns regarding the privatisation of this or that. However, your national government is obliged to follow the privatisation agenda at the dictate of the international financial Mafia on behalf of the corporate juggernaut. Nothing is safe from privatisation if there is the possibility of profit being made from that entity. Your government will have to follow that dictate or suffer the full power of that international financial Mafia, in several ways. The flight of capital sanctions and other underhand deals to bring the country to heel or abandon it to dire poverty and deprivation for the masses. It is not your government that needs to be addressed, it is the whole stinking system of a world that is driven by profit and greed of the  few at the expense of the many, in a word, it is capitalism that is the problem.

      I posted this 9 years ago, it could be yesterday and it will be tomorrow, unless we address that fundamental problem, capitalism.

Extract from an old article on : http://www.anarkismo.net/newswire.php?story_id=3768

      Throughout the world, public services have been under attack for the past twenty years. Forming a central plank of the capitalist globalisation agenda, ‘privatisation’ and ‘competition’ are the seemingly unchallenged dogma of modern capitalism. The levels of privatisation which have taken place worldwide are absolutely mind-blowing. During the 1990s alone over $900 billion worth of public assets were transferred into private hands. Globally this agenda is pushed by the World Bank and the  World Trade Organisation (WTO). The basic theory by which these bodies operate is that all decisions should be made on the basis of profitability alone. Economies in the so-called ‘developing’ world have been carved up under re-structuring deals called Structural Adjustment Programmes which have been like manna from heaven for international business. The World Bank website(1) , for example, “provides information on more than 9,000 privatisation transactions in developing countries from 1988 to 2003”. This information is presented as ‘revenue generating opportunities’ for international capital. The current phase of the WTO’s strategy for the imposition of its privatisation agenda is the General Agreement on Trade in Services – which looks to sell off such basic services as healthcare, education, housing, water supply, waste management etc. This strategy is driven not in the interest of the ordinary people of these countries but by the needs of international capital. As David Hartridge Director, WTO Services Division put it quite succinctly: “Without the enormous pressure generated by the American financial services sector, particularly companies like American Express and Citicorp, there would have been no services agreement and therefore perhaps no Uruguay Round and no WTO.” (2)

      This privatisation agenda has had disastrous consequences for many peoples and communities in the developing world. According to journalist John Pilger,

       “The introduction of school fees where there was previously free education has driven many poor families to withdraw their children from school, while hospital fees have put basic health care beyond the reach of millions. Although they acknowledge the harm which privatisation has brought to poor communities in the Third World, the World Bank and IMF still insist on prescribing it as an economic model. Water privatisation is just one example. The World Bank notes that water in Haiti's capital Port-au-Prince costs up to 10 times as much from the private sector as it does from the public supply, and that poor families in Mauritania now have to spend a fifth of their household income on water. Yet both the World Bank and the IMF continue to force water privatisation on developing countries. During 2000 alone, the IMF made water privatisation or full cost recovery a condition of loan agreements to 12 African countries. The World Bank has promised Ghana an extra $100 million in loans if it privatises its water supply.”

       What has changed in the passing 9 years, just more privatisation and less public assets and public spaces. So it will continue, until we remove the basic cause of most of our problems across the world, remove capitalism root and branch.

Visit ann arky's home at https://radicalglasgow.me.uk

THE FOURTH WORLD WAR.

 

       Not a short film, not all in English, but worth watching, listen for the facts, get the big picture.

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A SHACK IN THE MIDST OF WEALTH.

          South Africa accounts for 24% GDP of all African Countries, according to the World Bank it is classed as an "upper-middle economy" It abounds in natural resources and is a very rich country. This is a table of the percentage of the world's production of these particular  substances: platinum, 77%; kyanite and other materials, 55%; chromium, 45%; palladium, 39%; vermiculite, 39%; vanadium, 38%; zirconium, 30%; manganese, 21%; rutile, 20%; ilmenite, 19%; gold, 11%; fluorspar, 6%; aluminium, 2%; antimony, 2%; iron ore, 2%; nickel, 2%; and phosphate rock, 1%. South Africa also accounted for nearly 5% of the world’s polished diamond production by value. The country’s estimated share of world reserves of platinum group metals amounted to 89%; hafnium, 46%; zirconium, 27%; vanadium, 23%; manganese, 19%; rutile, 18%; fluorspar, 18%; gold, 13%; phosphate rock, 10%; ilmenite, 9%; and nickel, 5%. It is also the world's third largest coal exporter. 

        It is also a very diverse economy with mining, fishery, agriculture, vehicle manufacture and assembly, finance, energy, textiles etc. In spite of this, 25% are unemployed, and more than 25% live on less than US$1.25 a day.

     All that adds up to it being a country of massive wealth and extensive poverty. As this film shows, like all capitalist countries, it doesn't go anywhere near fulfilling the needs of its people, and can be honestly stated to treat millions of its citizens as if it were an extremely poor country. Then again, that's the system, it is called corporate greed.

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THE GRAND PLAN.

        This is specifically for those conspiracy theorists. However looking at what is happening today,----well who knows??

             

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WORLDWIDE FANANCIAL DICTATORSHIP.

            Anarchists have always said, “Why vote, it changes nothing” and this has become more apparent in recent years than ever before. In this corporate capitalist system, when it comes to fiscal policy, all national governments follow the instructions of the IMF (International Mankind Fuckers). Country after country introduces austerity cuts and in so doing devastate the living standards of its people. Elections come and elections go, Liberals win here, Democrats win there, Socialist win next door and Conservatives win down the road a bit. However, it matters not one jot, as the policies will all be much the same, it will just be a matter of how fast, how deep to make the cuts. Is this because the politicians of all persuasion want to screw the public? Or is it because the have no alternative but to follow the dictate of the financial world, The IMF, World Bank etc.?

          Because of the financial sector's unbridled greed and gambling addiction, they went bust, so to get their money back and start their binge all over again, they had to plunder the world's public purse. This is the process we are going through at the moment. The following statement by Peter Gauweiler, CSU representative of the German Bundestag, is from an interview with Welt Online, “We’re on the way to a worldwide financial dictatorship governed by bankers, -- We don’t support Greece, We support 25 or 30 worldwide investment banks and their insane activities.” I believe he is away off the mark, we are not “on our Way”, we have reached, worldwide financial dictatorship. The policies they will pursue will be to create conditions in which all public assets will be transferred to the private sector, this will help to swell their coffers by billions of pounds worldwide.

        National governments are no more than regional managers for worldwide corporate capitalism. The anonymous unelected financial rulers of the world will sit in a few offices scattered around the world and make the decisions that will protect and enhance their wealth and power at the expense of the ordinary people, their managers, (national governments) sitting in the capitals across the globe, will carry out those instructions. It's called corporate fascism, it is here now, and it is worldwide.

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DEBT, DEBT, DEBT!!!

         A little explanation of how the system works, it is over an hour long but well worth staying with it, it is very informative and well made. Settle down with a cup of coffee and enjoy,

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       CAPITALISM OR JUSTICE? YOU CAN'T HAVE BOTH.

       According to a recent article by the BBC, the World Bank is warning that food prices are close to pushing millions more into extreme poverty. Since June 2010 an additional 44 million more people have been pushed into poverty. The bank claims that a further 10% rise in food prices would push 10 million more below the extreme poverty line of $1.25 a day, while a 30% price increase in the price of staples could lead to 34 million more poor. It is estimated that at the moment there are about 1.2 billion people living on less than $1.25 a day. The bank also warns that the prices of wheat, corn and soya all rocketing.

      While this disaster is unfolding the so called “financial crisis” (gamblers and spivs gone bust) is still with us and will unfold over the next year or so with the possibility of chaos and civil disobedience on a massive scale. Greece, at the moment, has almost daily mass demonstrations in most of its cities, with a general strike planned for this month. Spain has the Squares in its large cities occupied, and every other country in Europe has demonstrations and more planned on a unified front. The real pain has still to hit.

      Meanwhile the IMF is hell bent on screwing the people of various countries, most of Europe included, by handing governments loans, Of course we all know that nothing the IMF or the European Central Bank does, helps to alleviate the poverty in the world. On the contrary, for their loans they demand “deficit reduction” which translated into ordinary speak, means, cut all social spending, privatise everything in sight and send the money to the busted banks and bond market.

       This is capitalism, a system where the parasites with the money gamble and con their way to greater wealth for their little club, and when the gamble doesn't pay off, then they turn to the ordinary people and plunder their assets, decimate their standard of living to ensure that the gamblers and spivs don't lose out for their greed.

      How much longer can we afford to allow such a system of greed and exploitation to decimate our world, a world that we will leave to our children and grandchildren. Do we leave them a future of poverty and greed, devoid of hope and opportunity, or do we leave them a world that will allow them to develop to their full potential, free from the fear of deprivation, a sustainable world that sees to the needs of all. The choice is ours!!!

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