Showing posts with label financial fiddling. Show all posts
Showing posts with label financial fiddling. Show all posts

Friday 11 November 2022

Black Hole




 
            Is austerity necessary or unnecessary, after all it is just to balance the books to the satisfaction of the financial Mafia. According to our Rishi Sunak team we have a £50 billion black hole in our finances and it has to be filled. However according to a group of economic experts, it isn't there. It appears it is all down to the way you do your calculations, and apparently Rishi, as Chancellor of the Exchequer, in 2020-2021 changed the way we do our counting the state finances, so now we have a £50 billion black hole. If however we revert to the previous accounting method, we end up with a £14 billion surplus. It seems that the figures are all based on predictions, you just pick the way you make your predictions. So it seems we have a choice, either a £50 billion black hole or a £14 billion surplus, however, we will not be given that choice, that's up to the lovers of the markets and the financial Mafia. The £50 billion black hole suits big business as austerity will drive down inflation, which in turn will depress wages and cut government spending with the added bonus for big business, that cuts to government spending will eventually lead to tax cuts. Big business doesn't want to pay taxes, it cuts into their profit margins.
         The question is of course, do we put up with this mathematical fiddling to suit big business and the fanancial Mafia, or do we organise to bring down the whole stinking rotten gambling casino of the rich, where we always pay for their greed driven loses. The choice is ours, what heritage do we want to leave to our grandchildren?