Archives for posts with tag: magic money tree

George-Osbornb

I very much doubt that I have this buttoned up yet, but this is a start.

In striving to understand how the economy really works as against the ridiculous fairy stories we are told to dutifully swallow, I have had to give up some cherished sacred cows which are tied in with my outrage against a government which is causing so many people hideous pain and suffering and driving many to their deaths.

When Theresa May stood up in PMQs, facing Jeremy Corbyn, and brayed that he’s, ‘waiting to bankrupt our country’, knowing that the Tories have created more government debt than all of Labour throughout its history, I want to be outraged at her egregious lies and to point out that George Osborne doubled the debt whilst promising and dismally failing to pay it down.

I have written about the great puzzle of the national debt, and asked where all the money has gone and who do we owe this mountain of debt to anyway?

To discover that this is all pantomime for the public and a complete sham is incredibly difficult to grasp as is letting go of the righteous indignation I have attached to it. I want reasons to be outraged, they deserve it. I want to expose them, and beat them with my anger and outrage and call them to account.

Yet I also remember George Osborne selling off the family silver and asset stripping the nation, to help pay down the debt, and wondering, as I did with the sell off of Royal Mail which was flogged off for a dismally undervalued price of £3.3 billion, ‘How is this going to help pay down the debt, the interest charges on the national debt will swallow these piddling sums in no time?’

But once I stopped frothing at the mouth and chewing my own spleen, I realised that what the Tories are up to is far, far worse than I imagined. Osborne wasn’t even trying to pay down any debt, he was just asset stripping the UK to enrich the vultures in the private sector. The answer to the question of where the money has all gone was simple, to the private sector. Austerity wasn’t about paying down the debt, that was the smokescreen for the transfer of public wealth into private hands. People were dying merely to feed the greed of the private sector, the amount of debt didn’t matter, it had nothing to do with anything.

Jeremy Corbyn has exactly the right answers to the problem in his fully costed manifesto. Invest in the public sector, build houses, create jobs, pay people a decent wage, take our NHS back, grow GDP (Gross Domestic Product), which is what good government investment is about. The ratio between GDP and debt (investment) is that as GDP increases the debt falls (the investment pays off). Government debt is just the sum of its investments, the problem was that George Osborne wasn’t using government money for investment, he was using it to enrich his mates in the City, whilst cutting public investment to the bone. People were dying solely for greed, everything else was horse shit.

Whilst we’re trembling away or raging at the size of the national debt, coke head Osborne and the his equally coked up city boys were laughing their socks off as was every Tory MP with private interests in health care and everything else they don’t bother to mention.

Remember Theresa May telling the nurse, “there isn’t a magic money tree that we can shake that suddenly provides for everything that people want”? Damn right. This is the party that’s privatising you, your grandmother and your children, not to mention your health and the cancer that’s eating you alive. The Mirror reported that Jeremy Hunt told the government Health Select Committee, ‘Britain’s care time bomb is “one of the biggest commercial opportunities” for private firms’. Boom!

When the government bailed out the banks, we all thought that we had to pay it back, because that’s what they told us, but that isn’t what happened, all the government did was shake the magic money tree, because the government is a sovereign money supplier.

We, the people, are not the provider of money to the government, we don’t make money, we make stuff and when we make stuff we’re paid in money tokens provided by the government. Have you every wondered where your next penny is coming from? That’s because we have no control over the money supply, we are not allowed to print money or magic it up on our computer screens. We do not make money and we do not supply money to the government, they supply it to us. Before we can ever pay any taxes, the government must spend money into the economy so that we have something to pay taxes with, because they won’t accept turnips or eggs, or any of the real stuff that we can make.

So what do taxes do? At a local level taxes pay for services from local government, because local government is not a currency provider and needs an income to pay for public services, like domestic waste disposal. Taxes also help keep the economy stable, in times of growth they are increased to prevent inflation and when growth falls, reduced taxes encourage spending and investment. Another vital use of taxes is to prevent inequality and too much wealth being drawn off into too few hands. Extreme polarised wealth is a drain on the economy, because all that wealth stashed away in tax havens has to be covered by some ‘body’ and that body is ‘government’. Money only means something if is backed by trust and certainty, and it is government which is the backer and which provides the certainty that money has any value at all. If money is just stashed away, gambled on financial markets, feeding itself and no one else, and not working in the wider economy, it is a net drain on the wider economy. Tax evasion is a rich persons gain for a poor persons loss, it costs all of us.

It’s easy to see how this worked in the banking crisis, the financial markets were in a closed loop, like tax havens, a boys own club, making obscene profits on dodgy bets. No one outside of this gambling spree was benefiting from it, least of all the poor buggers scammed into buying dodgy mortgages they could never pay back. When it all fell apart around the worthless bankers necks it threatened the stability of money, they had betrayed the confidence and trust that money must have for it to work. The only thing that could save the situation was for national governments, the sovereign suppliers of money, to step in.

Austerity, to pay down the debt, was a confidence trick Cameron and Osborne pulled, using the ‘crisis’ to further the gains of the super rich. Austerity was and is the most fantastically corrupt scam ever pulled by a government on its people and people have paid for that scam with their lives.

As best as I can tell at this moment in time, what happens to our real earned money that is taken in taxes is that it disappears, it’s written off. The government has no need of tax money for its own spending. Of anything that taxation can do, paying for government spending isn’t one of them. So taxing the rich doesn’t pay for the poor, it just prevents the extreme polarisation of wealth. It is the governments job and duty to relieve poverty, no one else’s. And, no, no knife wielding dick is paying for people on benefits or disabled people, or paying a coppers wages, or for immigrants, or for your health. It’s all a gigantic lie and it is time to call time on governments, and the Tories in particular, who propagate the lie and to sort the magic money tree out and make it work for all the people, not just the few.

Exactly what Jeremy Corbyn has promised to do… to the screams of Tory outrage.

KOG. 24 July 2017

http://calumslist.org/

http://www.bbc.com/news/av/uk-politics-40510376/pmqs-theresa-may-gives-a-warning-about-jeremy-corbyn

http://www.bbc.com/news/business-34514024

http://voxpoliticalonline.com/2017/03/01/conservatives-have-created-more-debt-than-all-labour-governments-combined-corbyn-tells-the-world/

http://www.mirror.co.uk/news/uk-news/jeremy-hunt-says-britains-care-7932080

http://www.independent.co.uk/news/uk/politics/theresa-may-nurse-magic-money-tree-bbcqt-question-time-pay-rise-eight-years-election-latest-a7770576.html

http://neweconomicperspectives.org/2014/05/taxes-mmt-approach.html

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Theresa_Mayb

The system is broken, and by that I do not mean accidentally, oops how careless of me, broken, I mean wilfully and deliberately broken.

I have lived my life with mental ill health and what I described as ‘social phobia’ years before any such description existed. Doctors told me I was agoraphobic, which then and now I refuse to accept, I am not afraid of open spaces, of the great outdoors, I am afraid of our system of inhuman society. What my mind and body has been telling me from a very young age was that there was and is something wrong with human society. I am not sick, or mentally deficient, my mind and body were accurately responding to a system that was and is exploitative and broken.

It is broken for many, if not most, ordinary people by design.

We are dangled a carrot of work for rewards which are inadequate to our needs. No matter how hard I worked, I had no control over the system that ‘rewards’ that work and so have spent most of my life living hand to mouth, and if something went wrong which required more money than I had available to fix it, I had no way to generate the necessary income to meet the need, other than by going into debt.

In the systems terms that is quite reasonable, and yet it is indisputably true that each of us is capable of creating more than we need to meet our own requirements, how else do companies profit from us? If the planet Earth were not capable of meeting all our needs, we simply would not be here. Forget evolution, if the abundance of resources are not there to sustain life then life does not survive. Had we husbanded the Earth well and wisely we would not now be facing the human made crises which threaten our future and life on planet Earth.

In Britain, one of the most fertile land areas on Earth, wealthy landowners are paid fortunes in subsidies not to produce anything of common usefulness from the land they own and the government will do everything it can to ensure that such subsidies continue after Brexit, as a matter of priority.

If you believe the world is overcrowded and we cannot feed the world, ask yourself how you know that? Where did you learn that from? If all the world’s population was gathered side by side, each taking up a square metre of land, we would occupy a space of 7,200 square kilometres, that’s over ten times smaller than Ireland at 84,421 square kilometres. It is estimated that it would take less than 10,000,000 square kilometres to feed the lot of us, roughly the size of the USA. It is, of course, a bit more complicated than that, but it gives something of a perspective on what we are told and many unquestioningly believe as written in stone. Remember David Cameron and his swarms of immigrants? It generates plenty of hate and very little sense or reason.

In January this year (2017) Oxfam reported that just 8 men own the same wealth as half the world. The report ‘details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics’.

That is a system that is irretrievably broken with no political will to change it in the current government or amongst the super wealthy who milk it for personal gain. They are very comfortable with starving people to death to increase their wealth even more. Every time a million children die, by war or famine, it really doesn’t matter how, a rich man yawns, safe in the knowledge that he’s a few billion quid richer.

Theresa May said there is no magic money tree, well yes there is, it’s us and most especially the poorest. Harvesting the poor is very lucrative indeed, it’s been going on for centuries and it is something that pretty much everyone regards as normal, especially the harvested poor who are so successfully deceived they even vote for it thinking, ‘that’s democracy’.

By way of example, there is nothing wrong with our NHS, not with the concept, the founding, nor the enormous task of running it over almost 7 decades, what is wrong with it is the Tories and the corporations who want to suck on its teats and drain it for profit. Richard Branson, who has recently taken over much of the NHS in Bath, is a parasite, nothing more, a parasite who hides his wealth and lives in a tax haven. Branson has been given, or ‘won’ as the Guardian put it, £700 million to run 200 privatised NHS and social care services in Bath. Whatever motivates Richard Branson, it isn’t an overwhelming, altruistic, sense of philanthropy. He isn’t some kind of popular hero or man of the people, he’s a corporate blood sucker.

If you are reading this it won’t be on the mainstream media or reported on television, those billionaire owned, tax evading, corporate bastions of the status quo, which includes our publicly funded BBC, you’ll be reading it on Facebook or on my blog or the citizen media outlet, The Dorset Eye. And that is the proper place to be reading it, far from the corporate lobbyists and the dark influences of the likes of Rupert Murdoch and his evil media empire.

But for me, if we want to understand just how all this works and what we can do about it, than we can do no better than watch and engage with the banquet of corporate carnage and murder that is Grenfell Tower. We need to pay attention to what the priests of power are saying, certainly, but we should be bolted and riveted to what the survivors are saying, who refuse to be silenced. Grenfell Tower was state murder and the state is the last thing which should be trusted to investigate the murders they have committed. If the survivors want an inquest or investigation then the chair of those inquiries should be found in the angriest and most horrified residents, who should also be committee members, who will never fear to ask the most brutal questions, no matter how many times they must be repeated, nor rest until they have the answers, no matter how many times they must be demanded.

The system will never fix itself and if anyone who is not at least a millionaire thinks that Theresa May and her government has their back, then they are at the very least deluded and at worst complicit in a system that doesn’t give a flying fuck for the lives of ordinary people.

If Grenfell teaches us anything it is that the system is stacked against us and the only way to deal with that is to speak out and keep speaking out and not wait in an orderly queue for permission to do so. As the late Howard Zinn put it, “Civil disobedience is not our problem. Our problem is civil obedience. Our problem is the numbers of people all over the world who have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience. Our problem is that people are obedient all over the world, in the face of poverty and starvation and stupidity, and war and cruelty. Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running the country. That’s our problem.”

The question then becomes, can we change? And then, dare we change or are too many of us suffering from Stockholm Syndrome and siding with our oppressors? Because it will be a cold day in hell before there is any justice being volunteered for the people of Grenfell Tower from those in power. That’s why they and we must demand and keep on demanding until the system is so rattled and shaken it bloody well falls over.

KOG. 20 July 2017

https://www.theguardian.com/society/2016/nov/11/virgin-care-700m-contract-200-nhs-social-care-services-bath-somerset

https://www.theguardian.com/environment/2016/sep/29/the-queen-aristocrats-and-saudi-prince-among-recipients-of-eu-farm-subsidies

https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world

https://snapzu.com/geoleo/how-much-room-the-entire-world-population-would-take-up-if-standing-side-by-side

https://www.quora.com/How-much-land-is-sufficient-to-produce-enough-food-for-10-billion-people-or-reduce-world%E2%80%99s-population

https://www.theguardian.com/uk-news/2015/jul/30/david-cameron-migrant-swarm-language-condemned

lionsb

The Conservative party has thrown all caution to the wind in their self interested pursuit of privilege and power over the cares, concerns, and needs of ordinary people and anyone who is not outraged at what they are doing fails the litmus test for basic humanity, as indeed do the Tories themselves.

The fundamental problem is that no one from the high table is going to lift a damned finger that might risk rocking the boat of their own privileged world on which they depend and is their reason for being.

The Tories are not so much the nasty party as the self interested party, being nasty is secondary, a mere consequence of the self perpetuation of their arrogant overweening narcissism and greed.

It is the perception or the rich that they are the ‘deserving rich’ and it is unsurprising that when the public ask for more money the Tories, the party of the rich, are affronted. Fire fighters, nurses, paramedics, police, can be heroes, but they have a damned cheek if they ask for more money. It’s the Oliver Twist moment, the masters have their hands on all the provisions of wealth and its distribution but god help the damned urchin who dares ask for more.

Indeed, they are shocked by such effrontery. It was plain to see when a nurse asked Theresa May for some more money in her pay cheque. May didn’t quite splutter with indignation, but it was barely controlled as she told the nurse, “There isn’t a magic money tree that we can shake that suddenly provides for everything that people want.” In her head, May, devout Christian that she is, was probably thinking, “Well really! The damned cheek of the girl, who does she think she is? She should take what’s she’s given and be grateful for small mercies.” It is likely that the reason Theresa May wanted no part in public debates was the admonition of her Lord not to cast her pearls before swine, because she certainly behaved that way.

Contempt for ordinary people comes easy to those for whom privilege is assured, who live a life in which appearance, position and status are everything yet who lack any of the real substance of humanity. ‘They’ do not believe, as an article of faith, that the common people have any right to speak in political debate in our rude voices and indelicate proclamations. It was just such a situation that led Gary Streeter to respond to admirably robust journalist Paul Mason by saying, “This is why i hate social media. It gives a voice to people who dont deserve one”. There can be no doubt that Streeter was also referring to you and me, people who are common, the uppity masses, who should not interfere in matters which are above them and which should be left to their betters to decide for them.

Grenfell Tower and the hundreds of missing, presumed dead, people, and the survivors are, shell, ashes and living, right now, a monument to the historic abuse of the ruling elites against the lives of ordinary people. The inferno and the human cost was a disaster waiting to happen, it cannot in any way be described as an accident. Nor was it in any way down to human failing, it was guaranteed to be a disaster through the knowing decisions of those who felt entirely at liberty to cut corners which made a human habitation ripe for exactly what happened. Not only that, but those residents who warned of the dangers were silenced and ignored and, now that the inevitable disaster has occurred, are still being silenced and ignored by an establishment that simply doesn’t give a shit. However, something else has emerged from Grenfell Tower, in the war being prosecuted by the ‘ruling elites’ against the lives of ordinary people, ordinary people are no longer willing to silently slip into our graves without demanding a reckoning.

The Tories are holding on to power through lies and deceit and, above all, their overweening arrogance.

In the beating heart of Britain, another disaster is happening, although far too many are still, as yet, ignorant of it. That ignorance is neither wilful nor neglectful, it is an ignorance manufactured and maintained by the policies of the Conservative government and the secretary of state for health, Jeremy Hunt and his predecessor Andrew Lansley. Universal health care is being dismantled and destroyed by a government who care less whether we live or die in pursuit of profit. Public outcry is still muted, the government and Jeremy Hunt will never admit that they are presiding over the last stages of the privatisation of our publicly funded NHS. Jeremy Hunt is a liar and a thief who deserves nothing less than to be publicly tortured until he personally screams out the truth in Parliament Square. One of the richest people in the Tory cabinet inner circle, Hunt cares nothing for the health of ordinary people, he is lining up the vultures who hunger only for profit at our expense.

Whilst they despise our inconvenient lives and our human needs, they treat us a convenience for profit. The cancer living in my neck which will eventually kill me is just a rich source of profit for the likes of Richard Branson and Jeremy Hunt and all the financial vultures hungry for profit who are devouring yours and my NHS. Does that sound emotive, a bit too much, a rude statement, a bit common? Good, I am glad, it should sound rude. It’s the brutal truth.

Theresa May has bought herself a fragile space through betrayal, for betrayal. She has stolen a billion pounds from us to buy herself time to finish the job of selling us all for profit. We, the people, are just marketable stock in her eyes.

But here’s the thing. They are losing the war. The tide is turning right now. The dominant media voices are those of ordinary people. It’s messy, uncoordinated, good and bad, much of it rude, crude and a fairground for trolls out for a ride on nit picking personal insult and vitriolic hate, but that’s the icing, not the cake. In a world of form without substance, real substance is getting a grip and gaining traction and despite all the power and wealth being expended against it, it will not get back in the box of confinement in which the grasping elites wish to imprison it.

The powers that be are terrified of change, but change is the lifeblood of living. The world spins on the axis of change, the seasons, life and death, the weather and all we see and experience in the constantly moving shift of time. The last thing the Tories want is change, they want a frigid world of their own ideological making, dragging its knuckles in 19th century oppression, grubbing for wealth and resources that rightfully belong to us all, each and every one of us.

It can truly be said, these are the best of times and the worst of times, terrifying and invigorating. I produced a poster the other day because I am tired of seeing posters telling me to keep calm. My poster read, “Don’t keep calm – We are the people we’ve been waiting for”. The terrifying power of the many is the very last thing that those who consider themselves to be the masters of all and who profit from our lives want to see and they certainly don’t want to experience it, which is precisely why they should. They would like to maintain a world in which our lives are an irrelevance to them apart from the benefits they can extract from us for their personal gain, I think it’s long overdue the tables were turned for all our benefit.

KOG. 1 July 2017

http://www.independent.co.uk/news/uk/politics/theresa-may-nurse-magic-money-tree-bbcqt-question-time-pay-rise-eight-years-election-latest-a7770576.html

https://www.joe.co.uk/politics/gary-lineker-tory-mp-social-media-131739

https://www.theguardian.com/commentisfree/2017/jun/20/grenfell-fire-housing-policy-social-housing-tenants

https://www.theatlantic.com/international/archive/2017/06/the-political-kindling-of-the-grenfell-fire/530931/

http://www.independent.co.uk/news/uk/home-news/jeremy-hunt-health-secretary-earn-17-million-nhs-hospital-crisis-sale-hotcourses-education-website-a7529006.html

http://www.newstatesman.com/politics/uk/2017/06/rise-lions-after-slumber-why-do-jeremy-corbyn-and-co-keep-reciting-19th-century