“Is seeing believing?”: Not when it comes to the deficit
Tuesday, 19 October, 2010 Leave a comment
I watched a very interesting programme on BBC2 last night. Horizon: Is seeing believing? It dealt with a variety of optical illusions and investigated how our brain and senses work. Available on BBC iplayer for 7 days. Definitely worth a look.
But, what they didn’t explore is the need for a 6th, maybe even 7th sense to help us see the truth through the smoke and mirrors created by our Political leaders and their “brother bankers”!
When I woke up yesterday I did so to this news:
In a letter in tomorrow’s Daily Telegraph, 35 business leaders say they “would encourage George Osborne and the Government to press ahead with his plans to reduce the deficit”. They add that it would be a “mistake” to water down or delay the deficit reduction plan.
Well they would wouldn’t they! That way WE carry the can and they get some “insulation”.
NOW I am not blind to the fact that we are in a hole. Nor the pressing need to take pretty drastic steps to tackle it. What I have a problem with is how many times do the ordinary citizens of UK have to pay?
(1) The banks had our money. Leveraged it, gambled it and lost it.
(2) So WE bailed them out. We kept our debt, paid theirs and got what?
Now they are returning to profit -. Nice big bonuses all round “HURRAH”…
(3)CITIZENS: That’s right, by overcharging the (already, two time losers) to continue to use their facilities. I hesitate to call them services as this in some way infers that we are viewed as customers when really all that we are is a series of numbers whose indebtedness is a satisfactory substitute for loyalty (which is much more costly!)
SME (the backbone of our economy): Even the BBA have admitted that they haven’t been fulfilling the commitments they gave to, lend to and support , British business. That is FAILING BRITISH BUSINESS to you and me!
Vast amounts of money being printed (Quantitative Easing) to artificially maintain the market. Inflate, as in balloon or bubble so that “market value” has little or no meaning. Banks with multi billions of toxic assets that they cannot afford to see properly revalued (even spellchecker wants to replace this with devalued!) and nations whose currencies are shot.
Well at least that provides a great backdrop for “financial players” to make even greater killings on both stocks and currencies. Nice work if you have no moral fibre.
(4) Now we all have to prepare for further detail on Austerity measures. These will entail deep cuts to vital Public Services. We know that the Public sector grew “fat” and inefficient during the Labour years – fed by the taxes created (I nearly said earned!), to a large extent by the spectacular – if ultimately unsustainable growth – of the UK Financial sector. Of course every one was happy to bask in the faux prosperity and to welcome the fact that the Public sector was better than it had been for a generation. Not much of a benchmark then!?
So the people who don’t have the luxury of one or two average salaries will feel the greatest impact and, effectively, pay some more for the greed and folly of “the elites” – I chose this phrase deliberately as it relates to other recent blogs covering COMPLEX SOCIETIES from history and “words of wisdom” from eminent Sociologist, Ulrich Beck.
Do yourself a favour and take a look at this video that, whilst I wouldn’t say I endorse every aspect of it, I think gives everyone the opportunity to understand about Austerity and be entertained in the process.
Best of all it’s not my fault – so I don’t have to say sorry – just point in the direction of somebody else. Like they, with all their City connections, didn’t know what was happening and were too weak to do what an opposition party is supposed to!!!
How long before the, justified, feelings of anger, disgust and injustice manifest themselves as strikes and civil unrest?
How much will that cost the economy?
Of course “they” don’t know because they haven’t thought that far ahead. It doesn’t fit with the culture that got us here in the first place. Results, quick return or early payoff. If I get it right I win…who cares who loses!