At time of writing the Greek Syriza led coalition government has now got a chance to make history by kicking the bankers, who are represented by the European Central Bank (ECB), International Monetary Fund (IMF), and even the European Commission (EC). I can’t believe how they’re all ganging up on Greece trying to squeeze them for every last Eurocent they’ve got and I hope the Greek government will give them a good kicking! Enough is enough! If they fail to take this chance now, then I’m sure they’ll get another chance soon, though.
At this stage, I should tell you that if you don’t understand concepts such as bailouts in tranches, quantative easing, and government bonds, then don’t worry. The reason you don’t understand them is because they’re totally insane gobbledegook and crap!
Following on from “The Credit Crunch”, during the British general election campaign of 2010 we heard a lot about the concept of austerity, with politicians from Labour, the Conservatives, and the Lib Dems all agreeing to cut more than Thatcher. Austerity is now just another name for Thatcherism or neoliberalism, based on worthless fiat money (i.e. made or done, you HAVE been!), as well as paying back loans of this worthless money and interest on it.
There were periods of austerity in the 20th century, such as in the 1930’s and World War II, as well as in the mid 1970s. I think these were caused by the bankers and their schemes, the same as today. During WWII, people were encouraged to cook animal organ parts called offal in ways which they wouldn’t previously have considered, but while this was going on there was a black market in items which were no longer available or strictly rationed, so the rich could still get what they wanted.
Of course, the strategy of cuts to public services in 2010-2015 didn’t work, because it was all a big con in the first place. There is no reason to continue with this policy anywhere in the World, including Britain, Greece, Spain, Ireland, Italy, or Portugal. It only gives more power to the bankers and the super rich. They just want to recreate deeper divisions between rich and poor. Their policies are based on life in the 19th Century or earlier.
I must remind you that the crisis was caused by the bankers’ greed and their plans to take more control over society than ever before. This included lending out more money than ever before, including to people they called NINJAs (No Income No Job or Assets) in the form of mortgages, payday loans at more extortionate interest rates, then selling these “toxic debts” and having lots of mortgaged homes repossessed. Of course, a home is a basic human right, not a commodity to be bought, sold, or rented out.
The fairy story made up by the bankers is that a crisis was caused by governments borrowing too much money from them and not being able to pay in back, so in that case they must cut spending on public services so they can pay the bankers back, with interest of course. The main requirement is that the cuts mustn’t affect the bankers themselves, or their ability to demand more and more money as well well as interest on top of this money.
As long ago as the 1950s or 1960s, someone had the idea that all members of the European Economic Community (EEC), later on the European Community (EC), and now the European Union (EU) should use the same currency. This is a good idea on the face of it, but was later corrupted in the Treaty of European Union (commonly called The Maastricht Treaty) to include a hidden agenda of being “subject to financial and budgetary discipline”, meaning strictly limited government spending according to the lowest common denominator, instead of according to the highest common denominator or according to the average. This system seems to be copied from the way the US Dollar is governed. This is the foundation of why in more recent years Portugal, Ireland, Italy, Greece, and Spain have been accused of borrowing and spending too much, then given bailouts from the EU in return for “economic reforms”.
In spite of what UKIP want you to believe, the Pound Sterling wasn’t originally English or British, but was copied from the Libra of Charlemagne’s Frankish Empire, including its divisions of 12 Pence to one Shilling and 20 Shillings to one Pound. It was set at the same value as the Libra to make them interchangeable, like an early version of the Euro. A similar system to the Pound Sterling was still used in the City of Bremen before Germany was formed in 1871, where 12 Pfennige made 1 Schilling and 20 Schillinge made 1 Pfund. The most common coin in England for some time was the silver penny, abbreviated to d or D after the Roman Denarius. The Pound Sterling was nearly abolished as part of decimalisation back in 1971, to be replaced with a unit worth 50% of what the Pound was worth, either the Royal (originally a 15th Century coin worth 10 Shillings) or the Noble (originally a coin introduced in 1344 worth one third of a Pound), so that the much lower, less inflated, prices back then under one Pound or which had some Shillings or Pence, or a figure after the decimal point could be more easily converted from one system to another. This was called “The Ten Shilling System” because ten shillings were worth as much as the main new currency unit, so one Shilling became ten cents, two Shillings became twenty cents, five Shillings became fifty cents, etc. This had already happened in South Africa where the South African Pound was replaced by the Rand, Australia where the Australian Pound was replaced by the Australian Dollar, and New Zealand where the New Zealand Pound was replaced by the New Zealand Dollar. There was no real public outcry over this plan, which at the end of the day people would have had to accept as quickly as they accepted that a Pound was made up of 100 Pence, instead of 20 Shillings, each made up of 12 Pence.
Austerity and capitalism itself is finally breaking down in Greece, where the heroic Syriza government are finally telling the extortionist, scrounging bankers to drop dead. This has happened after massive cuts to pensions, as well as increasing unemployment. The people depending on these pensions are not only the retired, including those who took early retirement to escape unemployment, but also their unemployed kids. In a lot of families a pension is the only source of income! The bankers also want Greece to increase VAT on electricity, medicines and restaurants! They’ll stop at nothing, so they need to be stopped. I think people should start generating their own electricity simply by moving a magnet in a copper coil attached to a car battery, or with a small solar panel attached to the battery instead. This could then be converted from DC to mains AC using an inverter complete with an electrical socket. It seems to me that the bankers’ plan is to concentrate their attack on the PIIGS countries (Portugal, Italy, Ireland, Greece, and Spain) to try to gain support elsewhere by saying that this is what would happen in Britain, Germany, Denmark, Finland, Sweden, the USA, Canada, Australia, and New Zealand, but it hasn’t happened yet because their governments are obeying the bankers’ fairytale demands. After forcing the PIIGS countries into destitution, the bankers will step up their attacks on the rest of the World.
I think the only solution to this is not just a change in government or government policy, but a totally alternative economic system, based round an alternative currency, which is marked as being worth a certain amount of goods and/or services, not a theoretical promise to pay something worth a Pound, a Euro, a US Dollar, some other Dollar, or a Yen, where no one knows what these currencies actually stand for!
As for me, I may have only until early November 2015 to live under this system, so I’ve got nothing to lose and I’ll say or do whatever I like. I think my life will end due to eviction, the Housing Benefit cap, nasty Landlords and Letting Agents depriving me of a roof over my head.
Here’s a documentary exposing the lies behind money and interest or usury!