The despair Of The British nation.

Friday, 6 March 2009

Where are we headed?

Economic Warfare

The Tories must oppose the Bank of England's mad experiment
There is no map for this perilous economic journey
Barack Obama bets the farm in $4 trillion poker game
The economy is on a wing and a prayer
Bank cuts interest rates in half
Lord Mandelson told Newsnight's Jeremy Paxman that no single person, government or country was to blame for the collapse in the global financial system.
Lloyds Banking Group is close to a deal with the government for a £250bn asset insurance scheme, the BBC has learned


On and on roll the headlines constantly ignoring the voices of reason. Voices that have been warning of the stupid, votes before country, recklessness, beloved of Labour. Now the mantra is "GLOBAL". It's all the fault of "GLOBAL" (was all America's fault until Saint Obama appeared) collapse, "GLOBAL" issues and so on.


Well here in Ordinarysville we have a different take. The politicians in bed with banks and corporations, have joyously raped the peoples of the "GLOBAL" sphere. The New World Order comprising the likes of Blair, Mandleson, Brown, Murdoch, Deripasky et al have been found wanting. Their lust for power gained through greed has failed. Drug Barons and international fraudsters have outmaneuvered them. The cash has been salted away in private banks and pension funds hidden from the rest of us.


GLOBALISATION has failed spectacularly and it is the FAULT of Governments and their failure in the issues of poverty and real world global matters of existence.


They tell us nothing can be done, it's unprecedented. Have they never heard of "Nothing new under the sun"?
Their bankrupt vault of ideas is as bankrupt as the people their job is to defend and fight for. The only solutions considered must be GLOBAL they chant.

NO, NO, NO!

Fix nations one by one. Apply solutions for the local climate and need. Feed and clothe your countrymen then look to help others. Get your life-vest on first so as to be of use to others next.


If you stupid, so callled leaders have a duty, it is to LISTEN TO THE PEOPLE. Do not save banks and bankers. Dismantle the mammoth beacons of failure that are GLOBAL banks. Divert cash and energy to the people via debt relief and savings reward. Create small mutual lenders locally, reduce grandoise building and public works schemes in favour of decent roads and transport. Education goes on world wide in mud huts, we have to fund monolithic structures to avarice greed and dogma. Buildings to reward failed philosophy and self-interest. Kids want to learn, if intelligence is there. If intelligence does not exist then "idle work for idle hands" takes over.


It can be done, we can recover. This will not happen GLOBALLY, simultaneously. It will happen bit by bit, piece by piece. As in the manner of the second world war victory. It might even need a nuclear solution.


The destruction of socialism and New World Order.

12 comments:

Sue said...

Pity you're not the Prime Minister! :)

Oldrightie said...

Aaahhh, Bless. I'm not strong enough, Sue!

Sue said...

You'd do better job than old one eye though! I'm going through a despondent phase... I'll get over it.

Oldrightie said...

Post flu blues, Sue? Could be a positive sign!

Sue said...

No, I've got an appointment with the Doctor in an hour, I've got a sinus infection and tinnitus... lucky me :)

Oldrightie said...

Good luck, Sweetie!

Richard Jones said...

John Maynard Keynes wrote this in 1933:

"I sympathize with those who would minimize, rather than those who would maximize, economic entanglement between nations. Ideas, knowledge, art, hospitality, travel -- these are things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible; and, above all, let finance be primarily national."

All existing trading agreements need to be scrapped and new ones hammered out, and the recovery can ONLY be done on a country-by-country basis. Ideally I'd like to see all trade deficits cancelled with immediate effect, but I somehow doubt that that's ever going to happen. Certain currencies may need to be abandoned and relaunched under a different name -- this is almost certain for Iceland. And it might not stop there.

Oldrightie said...

Richard, I am a poorly educated though recovered intellect. If my blog were to become a bastion of your intellect, I would be very proud.

Oldrightie said...

We could start a movement Richard. I suspect Obama would embrace it!

Anonymous said...

""I sympathize with those who would minimize, rather than those who would maximize, economic entanglement between nations. "

--- the genie is out of the bottle

yours

trevorsden

Oldrightie said...

I hope you are right. Thank you for commenting. Isn't simplicity sometimes so perfect?

Richard said...

Well, the genie is going to have to be captured and stuffed back in the bottle if we stand any chance of repairing the international monetary systems. We're in this mess because banks were allowed to create complex financial instruments of debts they should never have taken on, and because they've been sliced and diced so finely and sent all round the world, nobody exactly knows where they are, who's got them, and what their liabilities are as a result. It's this fear which caused banks to stop lending to each other, crippling the flow of money in the rest of the economy. Very roughly speaking.

I don't confess to being an intellectual at all! I just think about things, but I'm fortunate in that a good friend of mine is a retired banker -- a wise old gent -- who worked in the City financing foreign investment and the like. Indeed, his opinions of our current troubles and likelihood of recovery are pessimistic to say the least. They appear to have the right idea down in New Zealand, though:

http://online.wsj.com/article/SB123638162497057661.html