A Wee Story About Debt.

      The fastest ever run through the economic system, a system that has the basic rule that for a rich man to get poor he has to be real stupid, and for a poor man to get rich he has to be real smart. Humorous, but with some truth.

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THE WORLD'S BIGGEST SCAM.

       A rather long winded, but detailed and honest, explanation of the Goldman Sachs financial fiddle that is still going on and and is responsible for the misery being inflicted on the developed world through the means of "austerity".

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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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TIME'S UP!!!

        

          We all know that the banks control the governments, finance rules the world. We all should know that the IMF (International Mankind Fuckers) is a cartel that works to put every country into debt, then demands that the debt mountain be reduced by every country selling of all its publicly owned assets, thus putting more money into the hands of the private sector. Soon the corporate world will own everything and we will have a society without any public assets or public spaces, it will be total corporate fascism. We are nearly there it is on course to happen very soon, unless we do something to screw the system and take control of our own communities and our lives.

         The following is a short extract from a very interesting article, taken from the Freedom Socialist Party, which puts in in plain language, well worth the read.  Of course I'm not saying political parties are the answer, I see them as more the problem, but the article does help explain the methodology behind the corrupt financial system we live under.       

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           Here’s the hitch. Workers, the main consumers, cannot afford to buy endless commodities. In this case, the rock of over-production runs into the hard place of not enough customers. And once again, recession or depression ensues.

The crises of over-production always underlie financial crashes, and the banks cannot fix this problem. But they do prop up their profits through government bailouts and by bleeding the working-class goose that crafts the real golden eggs. The bubbles get bigger, and there are still not enough worker-consumers who can afford to buy, buy, buy.

           Time’s up. The only way out of the quagmire is to dispose of a destructive economic system. Liberal commentators, top union officials and Democratic Party supporters argue for the party to vote for reforms such as more spending to create jobs, meaningful regulation of Wall Street, taxing the rich and corporate giants. Conservative libertarians advise turning back the clock a century or two and going back to “civilized” capitalism without monopolies.

But finance capital has all the power, and there is no way to regulate it within capitalism. For proof, none of the crooks in suits are in jail for their massive, fraudulent sale of questionable mortgage “investments.”

         A whistleblower recently revealed that the Securities and Exchange Commission has been shredding the results of its investigations of the U.S. financial industry for twenty years!

Working people need to militantly organize now in defense of expanded social services, union protections and free speech. In fighting for our rights, we can consolidate the power to overthrow this system and get one that works.

         READ THE FULL ARTICLE.

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YOUR WORLD, OR THEIR WORLD???

                 So you think we have democracy, well just ask yourself, why do the banks lose a lot of money and then get the ordinary people to pay the bankers what they have gambled and lost? It is one way of getting all public assets into private hands. The march of corporate fascism is well under way and is coming your way, you might not recognise it, but those cuts are the sound of the footsteps of corporate fascism.

           You fight now, or you lose everything you and your forefathers fought for, fight now or you will leave a world of deprivation for your children and your  grandchildren to inherit. It is our world, we the people made everything on this planet, we have bought it with the blood sweat and tears of our forefathers. It is time to claim it back.

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CHANGING FORM OF CAPITAL CRISIS.

      
         Some interesting details on the on-going crisis that's, according to the optimistic, is over and we are now looking for GROWTH, the capitalist's panacea. You can read the full article at LINKS Internation Journalof Socialist Renewal.

         "---Perhaps the first indicator that the capitalist crisis is still unfolding is the rise in unemployment in many advanced capitalist countries.

         How many are affected by this? According to the latest figures of the International Labor Organisation, 205 million workers are jobless and the capitalist crisis has destroyed 30 million jobs since 2007.

        Unemployment in the United States rose from around 4.5% in late 2006 to 10% in 2009. In March 2011 it had slightly fallen to 9%. In Europe, the crisis has restored mass unemployment in a number of countries: in Spain (20% in 2010), Ireland (14%), Greece (12.5%), Portugal (11%). Millions of people are thus reduced to idleness since the unfolding of the crisis.

        The second form of the continuing capitalist crisis is the crisis in state finance. Sovereign debt has thus become the centre of the crisis since 2010 and the default of Greece.

       The global recession, but also state intervention to save the banking sector, led in the advanced capitalist countries to a significant increase of the weight of sovereign debt in national economies. This does not concern only the peripheral economies of the eurozone since the same phenomenon affects the US, Japan and the core EU countries. Hence, the austerity measures adopted by governments (“left” and right) to reduce public spending and satisfy the demands of financial markets (whose criteria is a more or less 60% of GDP in public indebtedness). ---"    READ ON---

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CAPITALISM, THE UNSUSTAINABLE SYSTEM.

      

        As our very own public school thugs of the Cameron/Clegg club go about trying to privatise everything in sight, perhaps we should cast our minds back to when Argintinian President Menem got a free hand to do just that. It created a few problems and perhaps the British people should be looking at how to handle the situation that might transpire.

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