Showing posts with label public balance sheet. Show all posts
Showing posts with label public balance sheet. Show all posts

Wednesday 22 February 2012

WHOSE CRISIS IS IT ANYWAY??

        It is strange how the media, pundits and politicians all discuss where the cuts should be, and how deep and how fast we should cut. No debate on why the cuts, no debate on why the banks were handed trillions of pounds of tax payers money. There is never any debate on why the private debt of the banking sector was transferred to the public's balance sheet. There is never any debate on the fact that the present sovereign debt crisis was created because of this shifting of the private debt crisis in the banking sector, on to the public's balance sheet. Should we not be shifting the debate to, how we can transfer those trillions of pounds back from the banking sector into the public purse, and should we debating how we should cut the banking sector down to size to suit the needs of our society.

We're facing a crisis, you'll have to face austerity cuts.

      Well the reason we have the first debate is because we live in a system of corporate fascism controlled by the financial Mafia. To have the alternative debate we would need to be in some sort of society that sees to the needs of its people. Of course if we lived in a society that seen to the needs of its people, there never would have been the “financial crisis” in the first place. However, the real crisis is that we allow ourselves to be dominated by a bunch of financial parasites who will suck everything they can from the public domain.


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