For undeniable proof of this, just look at where we are now and see who is holding the real wealth of the world in their hands.

And look who is going to make a killing as values fall so they can step in once again and consolidate further by buying everything up at rock bottom prices.

All deliberately engineered,

A hostile takeover of a country or indeed the Entire Globe does not have to involve troops.

Though if course if some countries refuse to allow Private Banks to take over, they can of acourse be forced to through Military means by simply placing them on the axis of evil list.

Iran, Syria, Venezuela, Nth Korea, Iraq, oh wait we just did that one.

…

I cannot remember such companies as Wedgewood and Royal Worcester going into administration back in the early 90’s. Very sad situation.

As for the message for the World – if the UK increases military budget even under present dire economic circumstance, a lot of people will wonder why. And their economies are in a much better state.

The solution to both is to stop what your doing and let the system stabilise itself. Aircraft that pilots have ejected from have been known to level out once the pilot stopped pumping the stick. This is a bit like a yachtsman caught in a squall – let fly the sheets and steer into the wind.

But Brown is now trapped in his own rhetoric – he has accused the Tories of “doing nothing”, while he is all activity and bluster, so cannot “do nothing”, even when it be the right thing to do.

In addition we must abandon the futility of assuming that everyone out of work can ‘retrain’ in IT or further education.We desperately need jobs that replace the old non-skilled factory, mine or routine office tasks as this is the level that so many find appropriate, particularly given Britain’s educational failings for 30 years.

A modernised National – or County – Service embracing:

1. Military training (followed by service whenever apt)
2. Environmental/Green
3. Welfare with emphasis on the elderly, infirm and handicapped

seems to us to be the obvious solution to replace
unemployment benefits and to sweep up unemployed school leavers. The administration could be run without adding to the government payroll by redeploying currently non-productive public servants within central and local government.

ently unproduct

Would we be in this position if we had Issued free of charge EXACTLY the same amount of money as we have borrowed over the past decades.
Our children wouldn’t have a £1Trillion loan to pay back for a start.

And these same people say that we should be ashamed of our involvement in the slave trade.
Psychological repression while we / our children are enslaved, that’s a neat trick.

We used to call that “fiddling the books” when I was a lad.
Nowadays they call it creative accountancy but it’s still the same thing.

Reply: I am talking about PFI, Network Rail, and the banks

Reply: Of course its not true if you include all the off balance sheet items and the banks.

It’s immoral, unsavoury and damaging to the country but when you’re only interested in your own short term political survival it has appeal for someone of Brown’s low stature.

What most commentators seem to completely overlook is that ‘credit’, in the wider sense meaning confidence – either in the economy in general; in one’s own prospects or in the ability of one’s counterparty to repay a debt (whether that is people depositing money with banks; or banks lending to households or businesses) – is FAR MORE important than ‘money’, which is merely a way of measuring ‘credit’. (click my name above for relevant article).

Trying to solve the problems caused by the credit bubble bursting (i.e. confidence evaporating) by printing money or whatever is like realising you’re late for the train and putting your watch back five minutes.

PS, “bnorrowing”?

Equally, your headline should read borrowing, not bnorrowing I guess. lol

The current crisis for firm control, lots of late nights, lots of brow beating and lots of decisions from an economic LEADER who will help to promote CONFIDENCE back into finance by encouraging political and financial calm to both the public and to the markets.

The problem now, is no one knows WHO is in charge, no one is enamored with the governments plans ( i.e. we all lack confidence ), and no one will be reassured by Brown who one minute says the Bank of England controls interest rates then the next minute says HE does not expect interest rates to fall any further. He is kidding no one that the MRC are really in charge of interest rates, and even if they were then they should all be sacked. The truth is, you could drop interest rates to minus 1% right now and it would make no difference because no one has any confidence, therefore demand is low, therefore production is low and therefore people are being laid off or under fear of job loss and essentially lack confidence……An unhappy cycle as you indicate and one which has to be broken before the whole economy is dead.

The ailing body must be revived by ONE surgeon and at the moment there are six pair of hands on the heart of the patient all getting in each others way.

A General Election would inspire confidence.
One voice on our economy would inspire confidence and focus all our minds on “The Plan” to put it right, giving us someone to blame when it went wrong or someone to praise when it went right.

I nominate YOU as that man Mr Redwood, so please organise a General Election for us this weekend and I’m sure we’ll all get through this together. However I fear we’re in for a long year of decline, the likes of which we’ve never seen, which will take another 2 to 3 years to recover from if you don’t until “someone” gets a grip on it.