Hypocrites.

Waiting for inflation to drop!!

                                           Image courtesy of Adam Smith Institute.

             Like me, I suppose your sick to the back teeth of hear those hypocritical platitudes spewed out by the parasite class that sit in those Westminster Houses of Hypocrisy and Corruption. While you and I struggle to pay our bills, put food on the table and heat our homes We have Rishi Sunak, with his £800 million luxury cushion, telling us we will "need to hold our nerve". He has no inkling of how we live our what we have to put up with while he spouts pie in the sky---tomorrow, maybe. It makes no difference to him if the price of basic food double in price, he won't even notice. Then we have that other mouthpiece of the system, Karen Ward, she is a member of the Jeremy Hunt Advisory Committee. Her take on the situation we face is, the Bank of England have been too hesitant in raising interest rates and they need to create a recession to get inflation under control. Do these people really understand what a recession does to the ordinary people of this country, or is it that they really don't give a damn? A recession is high unemployment low wages and a massive increase in poverty. All this so that the corporate world and their business buddies can increase their profit margins. Isn't it about time we decided that we can't live under this insane greed driven economic system. We must work to bring the whole stinking edifice down and put capitalism where it belongs, in the dustbin of history, labelled "Humanity's darkest hour".

 Image courtesy of Ecoist Mag.

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Class War.

Image courtesy of Eric Solheim.

          Inflation is the headline news at the moment with the capitalist propaganda gurus stating that inflation can only be tackled by making the people poorer ie, raising interest rates. The fact that inflation is fed by excessive corporate profits, CEO's grossly excessive salaries and bonuses and of course, excessive shareholders bonuses. Any suggestion of tackling these excesses is greeted with, we need to allow this to make the economy grow, touching that golden goose would hinder investment. So their only answer is to make the people poorer. As far as the wealthy are concerned, asking for wage increases to meet these dire conditions is destructive and will only prolong the inflation problem.
          It angers me to hear Oxford educated Andrew Bailey, the Governor of The Bank of England, with his salary of £575,338 per annum, that works out at £2,212. 84p a day, state "We know this is hard- many people with mortgages or loans will be understandable worried about what this means for them. But if we don't raise rates now, it could be worse later."
          This from a man who couldn't care less if meat tripled in price and milk likewise, it wouldn't dent his standard of living. However, what it means to millions of ordinary people across this country is a drastic cut in their already diminished standard of living. This in turn leads to all manner of health problems, stunted kids because of poor diet, increase homelessness. This is a class war, a direct attack on the ordinary people who are already struggling to make ends meet, and often failing. The well being of the corporate world is more important than the well being of the people.
         This savage attack on the people has the backing of millionaires, the get inflation down so as to increase their profit margins brigade, Rishi Suak, he of the £800 million nest egg, states, that the Bank of England is doing a good job, and Jeremy Hunt with his little £14 million cushion, gives it his blessing with, "If we don't act now, it will be worse later." none of them give a shit if food prices double
        Why do we continually accept this crap false scenario, painting the illusion that the only solution to our dropping living standards is to make the ordinary people poorer? Where is the righteous anger, where is the demand for justice and fairness and an end to this insane economic parasite breeding system of greed and profit for the few. 

 

Image courtesy of Green Hearted.

 

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Inflation.

 

 

                                                 Image courtesy of MR Online.

              It always amazes me how those privileged parasites' minds work, those wrapped up in their bubble of opulence, the pundits of the capitalist system. Our own Chancellor of the Exchequer, one Hunt, states that the Bank of England has no alternative but to raise the bank rate yet again. The theory behind this is that this will make thing more expensive and so discourage people from spending then inflation should start to fall. This plan, when people are struggling to pay for the necessities of life, is to discourage them from spending. What is it that we have to stop spending on? Is basic food items, kids breakfasts, washing powder, toilet rolls, heating. Their thinking shows a complete disregard for the life and well-being of the public at large, a total misunderstanding of how we are struggling for a decent life as things are at the moment. The point they ignore or sweep under the carpet is that inflation is not driven by wage increases but is driven by corporate greed. Rather than making their corporate buddies pay for the inflation they place the burden on you and I. Capitalism is insane economics that favours the few at the expense of the many and the few will do their damnedest to make sure it stays that way, no matter the pain, poverty and anxiety that this places on the many.
        We know there is a fairer way of organising society, we have imagination, the ability and the power to create that better fairer society. All we need is the will to come together in solidarity and dismantle this crushing burden of privileged parasites grasping all the wealth we create, and start organising our communities in co-operation, to see to the needs of all our people, freed from the greed driven profit motive. Let's place capitalism in the dustbin of history under the label of humanity's darkest hour.

 Image courtesy of Robert Reich.

 

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The Street?

          We, the ordinary people are at war. I'm not talking about the war of missiles and drones, but the war we have fought for generations, the class war. Year in year out the conglomerate of corporate beasts have have grabbed more and more of the world's resources and in their never ending drive to increase profits, we have been hit time and time again with punishing austerity, inflation, cuts to social services, which translates into poverty and destitution for millions. Once again with great viciousness, the attack is on the ordinary people, and as winter approaches we are facing cold homes, insufficient food on the table, with the result being stunted children and elderly and vulnerable people dying earlier than would be normally.
           This is a constant fight and it will not be won in the marble halls of power, nor in the debating rooms of unions. It will be won on the streets, we surrender the streets at our peril. It is important that we take our anger and frustration on to the streets in organised vast numbers. To win that decent life for all, we must be prepared to do our debating with direct action on the streets, in our communities and workplaces. The good life will not be handed to you by the wealthy and powerful, we'll have to take what we create and turn it into a society of mutual aid that sees to the needs of all our people.
          Perhaps we can learn something from recent history, the mass protests of Gilets Jaunes

The following from Enough is Enough. 

           On November 17, 2018, a new kind of movement exploded in the face of many observers and took the trade unions and political parties, who were convinced they had a monopoly on protest, by surprise: the Gilets Jaunes (Yellow Vests) movement.

Originally published by Contre Attaque. Translated by Riot Turtle. 

 

         Officially 287,710 demonstrators, probably 10 times more, had spread around 2000 traffic circles across the country, created new spaces for discussion. The demonstrations were heterogeneous, many of them were not used to protesting. We all remember the call of truck driver Ghislain Coutard improvising a rallying symbol, the yellow safety vest. His anger and his genius call “We all have a yellow vest in the car! Put it on your dashboard in front of you all week long. It will be a little color code to show that you support the movement”.
        In the weeks that followed, a strange phenomenon: we all looked at each other on the streets, as if to count ourselves. And there are many of us… You know the rest: 65 weeks of mobilization, thousands of injured demonstrators and an estimated 1.800 injured among the forces of order. The mobilization was unprecedented, but so was the violent repression.
        In 2018 alone, the police fired 19,071 LBD bullets and launched 5,420 rounds of grenade ammunition. Total repression. The victories, unfortunately, are not as numerous. Although the carbon tax has been buried, the list of 42 demands has remained largely unheeded.
        The few measures that have been saved at the simulacrum of a citizens’ assembly will be further eroded by amendments in Parliament. Not sure that this is what the Gilets Jaunes had in mind when they demanded more direct democracy.
        4 years later, most of the initial Gilets Jaunes groups don’t exist anymore, but some activists persist and don’t hesitate to support other militant collectives. From their chaotic course, let us retain that the Gilets Jaunes movement knew how to show all the old street movements the need to renew the way to mobilize. A lesson still far from being integrated if we observe the success of the last call of the CGT in France…
          It would be good not to leave the monopoly of mobilizations to these union organizations again, who usually organize nice demonstrations and then leave. The success of the Sainte-Soline mobilization shows it, we have to fight in a different way. Mobilize people who use different strategies and create cohesion between “peaceful” and “determined” protests. The Gilets Jaunes knew how to blow on the embers of social movements, it’s up to us to set things on fire!

 

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Lies.

          We all know that politicians lie, they lie with ambiguous statements, phoney predictions and promises they have no way or intentions of delivering. At the moment the BIG lie is inflation, they have just announced that inflation is running at the highest for 41 years at 11.1%. Of course if you are one of the very many millions who struggle to make ends meet, then the picture is a little bit different. You will obviously spend more of your income on food than the likes of Rishi Sunak and Jeremey Hunt, who will have no problem with inflation. However you are facing a food inflation rate of 16.2%. Even that is not the true figure for the vast majority of the population, who spend the biggest part of their income on the basics, they are facing something in the region of 30% inflation. The poorest always pay to keep the financial Mafia happy.

 

Image courtesy of The Independent.

 

  The following figures explain this.
        The inflation rate over the previous year for the following is eye watering;

         Low-fat milk up 47.9%
         Margarine up 42.1%
         Pasta up 34%
         Sauces and spices up 33.2%
         Oils and fats up 33.2%
         Butter up 29.7%
         Flour and cereals up 28.1%
         Cheese up 27.1%
         Eggs up 22.3%
         Jams and honey up 22.2%

        How do these figures relate to you and the so called inflation rate of 11.1%
      Don't you think we have had enough of the lies, austerity and exploitation of this economic system of greed with milk and honey for the few and a little bread and perhaps a scrap of margarine for the rest of us.

 

Image courtesy of Evening Standard.

 

 

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Black Hole

 Image courtesy of Know Law.

 

            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?

 

Image courtesy of Know Law.

 

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Liz.

           

 Image by Nate Kitch courtesy of The Economist.

     So Liz Rustbust has resigned with a helping shove from her party. The pantomime goes on, time for the next act, electing another prime minister from the bunch of self interested crooks and liars that have heaped misery and anguish on the ordinary people of this country. All this is done with the people not having any say in the matter. If there is anybody out there who thinks this will improve our living conditions, I suggest they see a psychiatrist immediately. We are in for more misery, poverty, evictions and homeless no matter on what head the stick their crown. 

Image courtesy of Sports Think Tank.

        2022 in the UK, one of the world's richest countries and millions are facing poverty and destitution. Wealth abounds with a handful of people living in obscene opulence, while 4 million kids live with food insecurity. Of the UK population 1 in 7 go without regular meals, the proportion is the same for those working or not working. More than 50% of the population are cutting back on heating, hot water and electricity. 1 in 4 households with kids are experiencing food insecurity, up 50% since April. Millions of kids will go hungry this winter, and millions of families are facing a struggle to get basic needs. All this before the next round of fuel increases. Interest rateare rising, exposing people to the threat of eviction, inflation is running at 10.1% and rising and our new Chancellor, though he may not be there for long, is promising tax increases and spending cuts and considering not raising benefits in line with inflation. This puts a vast swath of our population into Dickensian poverty, impoverished health and stunted kids.

                                          Image courtesy of International Boat.

       When has it ever been much better for the ordinary people of this country, through the centuries the public has struggled for a decent life, while that small elite bunch of parasites have lived a life of milk and honey, all at our expense. How much longer will we tolerate this gross injustice, how much longer will we see our kids go hungry in the midst of abundance? There is a better way to shape our society, but first we must take control of all our workplaces and our communities and fashion them to see to the needs of all our people. We don't need capitalist billionaire parasites to tell us how we wish to live, they need us to keep them in their bubble of opulence. 

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Budget.

           The Truss Kwarteng marriage has certainly displayed true Toryism, feed the rich and the rest can go to hell in paper cart. We don't need experts to tell us that massive tax cuts to the wealthy and corporate juggernauts will certainly enhance their life style considerably. While you and I are promised pie in the sky in the bye and bye. It will all be wonderful when that magical growth pours billions into the exchequer's coffers at some point in the future, meanwhile we wait in poverty and hope they spend it on us, though that has never happened in the past. However if we do look at the experts in the wonderful gambling casino called economics, we find they speak a different script from the Truss Kwarteng duo.
        That much admired institution of the capitalist world, the IMF, gives it's verdict on the mini-massive budget. They state that tax cuts complicate the fight against soaring prices. They also state that inflation will peak at 11.3% by the end of the year and remain on average around 9% for at least two years. How does that fit in with your 5% pay increases and universal credits not being increased by inflation? That austere bastion of the money people the Bank of England, warns "material risk to financial stability". So it has indulged in another binge of buying government debt to prevent a sell-off and another risk to pension funds. Yes, your pensions are in the big gabling casino of capitalism and are all at risk if the gambling kids loose.

Image courtesy of Sound Health and Lasting Wealth. 

 

       If you need any more evidence that this mini-massive budget is not in your interest, then listen to the Institute of Fiscal Studies, they forecast the only way to balance the books with this budget, to suit the financial Mafia is "big and painful cuts" to public spending of around £60 billion. You know what that means to you and I, we will be starved of public services and public amenities, nurseries, libraries, health care, education, sports centres and a host of other essentials to our daily life will will crumble and fade away. All because our lords and masters decided to give massive tax cuts to the wealthy and big business. We must stand up and defend ourself and our families against this cull on the poor, there is a better way to organise society, based on fairness, mutual aid and seeing to the needs of all our people.

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A Plan!!

Image courtesy of Chris Skinners Blog:

           Everybody agrees that we are heading for the harshest attack on our living standards in a generation or more, and most will appeal to our local lords and masters to sort it out. Of course to get your vote they will make all sorts of promises, but the truth is there is nothing they can do to avert this tsunami of poverty that is going to hit the ordinary people. The reason being is that it is not a local event, it is a world wide catastrophe, also it is not an unavoidable event some accident of fate, nor is it an act of God. It is a well thought out and planned set of circumstances, laid out at the last Davos gathering and engineered by the big boys in the financial Mafia. A world wide design to recapitalise the insane system of global capitalism. For years now the financial Mafia has been flooding the system with phony money at very low interest rates, Quantitative Easing, and the big business world jumped at the bonanza building up massive debts. Too much junk money floating around and too many over valued shares. To over come this problems for the Financial Mafia in this greed fest, the only answer they know is to raise interest rates.
         What will follow is mass defaults, bankruptcies, evictions and repossessions and raging inflation as business try to stay afloat. In the global corporate business world only the biggest and strongest will survive. What this translates into in our world of ordinary people, is unemployment, a slashing of social services, cost of living nightmare and the vicious claws of poverty visiting each and every home of the ordinary people. A tidal wave of physical and mental health problems, our kids potential stunted, a collapsing health service and failed education system, our elderly dying much earlier than they would normally.
 

        Appealing to the puppets of this system, our local governments is pissing in the wind, they are part and parcel of this nightmare as they are the managers of the system at our level, the puppets of the financial mobsters that control the global money system. Our only hope is solidarity of the ordinary people, across all borders of on this planet. To organise in bringing down this system of greed and profit for the few. Coming together to create that better world based on mutual aid, sustainability, respect for all humanity, freed from the profit motive and based on seeing to the needs of all our people. Time is running out, if the present set of circumstance does not get you angry and on the streets, your kids and grand-kids can look forward to a heritage of abject poverty in the midst of opulence. The choice is our, it is their world or it is our world, we are on opposing sides, there is no in between fence sitting, you fight or your surrender, you struggle for that better world or you capitulate to abject poverty, the life of a serf.

 The following is an extract, the full article is well worth a read.

 Deleveraging the bubble

           With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.
           By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.
         Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.
         Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.
        The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets—government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise , loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”
        As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.

Read the full article HERE:

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Proxy War.

 

         While every ordinary person in this country is feeling the effects of this massive drop in living standards and are crying out for some sort of relief, our lords and masters tell us there is no money tree and we will just have to suffer until the economy grows. No money for hospitals, social services, education, no money for the homeless, but it can find money to support the war in Ukraine. The UK is giving £2.5 billion in military aid and £1.5 billion in economic aid to Ukraine. Where is that money coming from? Most of it is coming from government departments "under-spend", no questions of why so much money was not spent by government departments when everybody in the country is calling out for support. This flow of money to Ukraine was also supplemented by robbing the Scottish and Welsh governments budgets to the tune of £95 million. Complaints by those two governments were met with, "these are exceptional times". They are also exceptional times for every ordinary person in this country, but that can be ignored as the UK try hard to look like a big imperial power, in this imperialist struggle for the survival of the supremacy of the Western imperialist world domination. Make no mistake, the Western powers will keep this fight going until the last Ukraine is dead, and if it looks like they might lose, then they will eagerly sacrifice the European population in their desire for world dominance.

        They are trying to create the illusion that it is Ukraine that is fighting this war, utter bullshit. Ukraine may be supplying the cannon fodder, but the West is supplying the fire power and backing it up with more and more, highly destructive weapons.  

Image courtesy of Follow the Money:

 

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Picket.

 

Show Your Anger By Solidarity.

         The largest rail strike in 30 years or so and all the media can spout is inconvenience to such an such a group. Of course there will be inconvenience during a large strike, the question we should ask ourselves is, why are they on strike, and the answer is obvious, living standards. At the present time all the ordinary people in this country are suffering the biggest drop in living standards in a generation. With that comes real hardship, evictions, fuel poverty, food poverty, ill health and the lives of our kids stunted, our elderly dying earlier than they should. Mean while the rich and powerful repeat their only answer, and it is pie in the sky for you and I, “we must grow the economy”. In other words we have to suffer so that the corporate parasites can increase their profit margins, we have to suffer so that shareholders will get fat unearned bonuses. There is no “cost of living crisis”, there is an exploitation crisis. The broken, fractured, crumbling capitalist system needs to be re-capitalised, the only way the parasite class know how to do this is squeeze the public dry. You are suffering so that the corporate world can gain some capital in to the system to try and kick-start back into life, the whole rotten system, all to their advantage.
         So yes, we will be inconvenienced by the rail strike, but instead of falling for the state/corporate bullshit and fabric of illusions, join the strikers on the streets support them in your communities, show your anger at the injustice that is being heaped on you and your families. Their fight is our fight. We are all going to be hit by this latest tsunami of austerity and it repercussions, while the corporate parasites stuff their coffers with stolen capital, stolen from you and I.

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Answers!

 

       What is your answer to the astronomical energy price rises, rocketing food prices, increase taxes, increased interest rates, all of which will kick your standard of living back to the Victorian times? All managed by a group of very rich people, who in all events will not have too much to worry about regarding their standard of living. All off them pointing to the hardship and struggle the ordinary people are facing, but not one of them will suggest an end to the insane economic system that is responsible for all this misery being heaped on you and I. They are all obedient servants of the economic madness that blights the lives of millions, and is destroying the planet, capitalism.
         So what will you do, make placards, march in solemn lines appealing to our lords and master to do something to ease our plight? Will you queue longer and with patience at the nearest food bank? Will you try hard to tighten your belt and live on less, or perhaps, cut down on the kids food? Change your vote for the new Messiah? While we do this, energy companies make billions in profit to feed their over privileged shareholders. Will we stand by while large very rich corporations see their shareholders become millionaires/billionaires. Of course we know that all the above methods have been tried in the past with around about zero effect on our living standards. You may get a small concession here and a little sweetener there, mere paracetamol by the system to make you feel better, to quieten you down, but will not cure our ills, poverty, homelessness, fuel poverty, food insecurity, crumbling health service and broken education system.
        Perhaps this onslaught of hardship and poverty that is being flung our way, way be a kick to much, and we will try a different method to cure our ills. For example build up mutual aid centres in our communities, take control of our community assets and run them as we wish them to be run. Take control of our workplaces and produce for our needs, not for the profit of millionaires/billionaires. They need us, without us they are nothing, we don’t need them, we built everything, shipped everything and distributed everything. The problem is we have been doing it to the dictate of greedy self interested corporations all for their benefit while they laughed all the way to the bank at our servility.

 

 

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Growth??

            How have you faired over the last 7 years or so? Have you seen your personal wealth grow by an astronomical amount? Or like most ordinary people in this country you have been struggling to keep you head above water. However our economic pundits tell us that the UK growth has been among the strongest in Europe, with figures like 7.5%, 3.2% etc. these figures are supposed to make you feel better as this refers to the growth in the total wealth of the country. Well has your wealth grown by this much, where is your share of this "growth". During the pandemic in the UK, 24 new billionaires were created, bring the total to 171 billionaires in the UK. Collectively UK billionaires saw the collective wealth grow by a staggering $61 billion over the previous year. We are facing unmanageable energy price increases, staggering inflation in life's necessities, higher taxes and increased interest rates, but no matching wage or benefit increases to met this savage onslaught to our standard of living.
          However difficult it may become for you and I to have a decent life, this economic system makes sure that our pampered, over privileged, billionaire parasites will always do very well.

 

Minimum Wage UK.

2012: £6.19 per hour, 2021: £8.91per hour.

 

Visit ann arky's home at https://spiritofrevolt.info