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.

 

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

 

GDP, And All That Crap.

     The world of capitalism and debt is a very strange world. Debt as a percentage of your GDP seems to be taken as a bench mark of a country's viability. Hence Greece gets clobbered, plundered and its people driven into deprivation as its debt, 2013, sits at 177% of GDP. Others are not that far behind, Italy is sitting at 132% of GDP with the USA at 105%. The UK, though low as a percentage of GDP is seeing that percentage rise considerably. When the "crisis" hit in 2008, UK debt was 51.9% of GDP, but has now, 2013, shot up to 90.6%, are we heading towards a Greek situation? Another fact we should remember, after the WWII, the UK was bankrupt, but managed to create the National Health service!! We don't hear a lot about Japan but it seems to survive with a staggering debt of 256% of GDP, why? To whom do all these countries owe that debt? If the Greek economy was devastated and plundered with debt of a mere 177% of GDP, does this mean that the world is heading for a "Greek crisis", as the world debt, 2014, was sitting at an eye-watering 286% of the world's GDP. So in this insane capitalist asylum, the world's debt outstrips all its wealth, who are the banksters and financial Mafia that will call this debt in, and turn the world into another present day Greece? 

       All these crazy figures prove, is that the whole system of capitalism is built on an illusion, a world of shuffling figures, a world where a bunch of people tell us that the world owes more than it is worth, where that bunch of people have the power to destroy an entire country and its people, because we are lead to believe that the illusion is a reality.

      The world belongs to us, the people who live on it, there is nobody above us to whom we owe anything. The debt is an illusion by those who produce nothing, in an attempt to enslave those who produce all the wealth on the planet. Let's stop talking economics, and start talking people's needs, let's stop looking at balance sheets, and see to those needs. Let's shatter the illusion of perpetual growth and create sustainability and mutual aid. It is our only hope of fairness and justice for all our people, it is the only hope of saving our home, the planet.  

Visit ann arky's home at www.radicalglasgow.me.uk

 

PROBLEMS WITH GDP.

        It always fascinated me when I learnt the the UK GDP climbed during to years of the housing boom, simply because the value of the house were rising, not that there were more house built. It seemd odd that the country had "X" number of houses and the country's GDP was "Y" some time later with the same amount of bricks and mortar, windows and doors the country's GDP had risen to "W", all because the value put on those bricks and mortar went up. So by producing nothing and sitting doing nothing you just got richer and purchased on the strength of this illusionary wealth. And our learned university economists thought this was great and would last for ever. Ah, the wonders of capitalism.

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