The Financial Crisis.
So they have done it, I cant believe the cheek of it but they have really gone and done it.
For some reason the words ‘Rome’ ‘Fiddling”Burning Down’ come to mind, I mean after all it was once the seat of the Roman Empire, Italy’s chief law makers, their new Cabinet is made up entirely of technocrats, not one, democratically voted in MP!!
And who are these technocrats? ex Bankers, leaders of Global Corporations and Economists!!
Pardon me for thinking out aloud but isn’t that the same collective of professions who created the financial crisis?
So let me get my old brain around this, some very rich people got worried they would not be paid back the money they had lent Italy, why? because Italy’s growth is rubbish which meant that Italy would have to borrow more money to pay back the loans, so to solve this problem the ‘market’ (who el hell is ‘the market’ anyway ??) raised the interest rates so high it has made it impossible for Italy to borrow more to repay what it already owes, still with me??
Well let us put that another way a group of very rich people want their money back and being very powerful people they have removed Italy’s Democratically voted Government and put in their own ex Bankers, leaders of Global Corporations and Economists!!
It is a shame that Pension Companies are not so powerful because reducing ordinary workers pension rights is one way this band of financial terrorists now ruling Italy are going to raise the funds to repay those very rich people, of course interest rates are so low, (to help the banks) that ordinary ‘Joes’ like you and me have no way of saving for our future, or do we?
Well cans of soup would be a good investment, food just goes up in price, just think how much you will save in a few years time every time you break out another old rusty can of Heinz Tomato Soup!
So there are two ways to solve el Financial crisis, there is the 1% way and then there is the 99% way, all we had for the past few years is how to solve the 1%’s problems what about us 99%?
OK I am going to make this nice and simple, while removing every mechanism for growth, Politicians tell us that growth is the key to the problem, what they are really saying is we are going to remove any 99% wealth we can get our hands on and blame you 99% for not being as productive and cheap as workers in China.
So here is my cunning plan for us 99% to solve our financial crisis, buy silver and gold coins, maybe even copper coins as well and all you plumbers, mechanics, shop keepers etc, let us all use the silver, gold and copper coins to do our transactions. No I do not mean going back to a Gold backed currency I mean let us use the actual precious metal as currency. The thing is then it will not matter what is happening with our paper currencies, our ’99%’ currency of precious metals will be far harder for the government and the bankers to manipulate, far harder for them to ‘remove’ from us. And as more and more people use the precious metal currency the value of those coins will rise, forget paper money inflation where your paper continually buys less, the precious metal currency will just buy more until it levels out at its natural value.
El thing is it is a pipe dream the idea that ‘growth’ will solve the financial crisis, why?, well for growth you need cheap resources and I am afraid the days of cheap resources are over. It is obvious that though we may need growth for the 1% way, what we really need is economic shrinkage, no debt and a standard of life that uses less but satisfies more.
We are naturally going into a period of economic shrinkage, let us not fight it, let us face up to it and embrace it.
If I ruled the world I would be setting up groups of folks to look into real economic sustainability, we could have it, but at a lower standard of living which could easily be arranged to actually give us a better standard of life.
The first step is to just let the Bankers, leaders of Global Corporations and Economists do their thing with their trillions and us 99% step out of their currency into our own separate currency!
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