Are things returning to 'bussines as normal'?
The UK Government in support the US Government and FED Policies, are stating, there is more than green shoots, there is a developing crop growing from the systemic crisis of 2008-9. Can this be believed? Well, for those looking for a comforting bed-time story to make them feel good, for that one illusive good-night's sleep, maybe they should think before swallowing the following reality pills. These videos should not be watched until the morning. The reality of the situation and the Policies of the UK and US have done nothing, but slow and deepen the agony these economies are experiencing. Their destination is being assured by these policies, not just a recession but depression, equal to, if not greater than, the Great Depression.
If you were over-leveraged in your private and public life, you would at best, be suffering at the hands of your creditors. You would then be expected to come up with a plan to repay those debts, with demands by your creditors for self control and consistency. This would require financial constraints and no more debt accumulation and, a real reduction in spending. The size of the debt, also has an exponential service debt issue. The bigger the debt the greater and longer those accruing interest charges will be impacting on your leveraged position. Would you then plan on a 'new debt policy' to cover the old debt issues? No, of course not! So, why do the UK and US governments think this is the way forward? Passing the infusions to the group who have been exposed. The answer to that question, who are the group who will pay for these policies, is, it will not be those responsible. It will be the tax payer, the low income families, the retired, as well as the Unemployed who will pay for the system's collapse!
The Mantra of job protection and economic stability covers all decision making and infusions to the Banks, et.al and the accruing national debt. How will these policies express themselves in the future, as we prime the system for the next crisis? Inflation and more Inflation was well as Taxes. Debt and Financial Fraud has put the system of finance and many economies where they are today. Can you see more debt resolving the system's crises. The Fraud in the system needs to be exorcised out of the system, for the future of a national and international trading system. Well, welcome to the UK and US economies. Who are the two Government's solving the problem and how. Oh yes, by giving trillions to those responsible and removing all risks from their future speculation and passing on the whole issue of future leverage and speculative risk to the people. In fact, there's no risk for the chosen few RBS, Lloyds, Goldman Sachs and J P Morgan/Morgan Chase This practice of support has helped to shift the balance of power in the lending markets
On the Edge with Max Keiser - 23 October 2009 (2/4)
On the Edge with . . . Paul Craig Roberts (3/4)
On the Edge with . . . Paul Craig Roberts & The New Welfare Queens (4/4)
On the Edge with . . . Paul Craig Roberts & The New Welfare Queens (4/4)
Max Keiser - The Original Death of the Dollar
On the Edge with Max Keiser - 16 October 2009 (2/2)
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