There are many a true saying!
For example – You cannot put a square peg into a round hole. You cannot get a quart into a pint pot, so what about, you cannot repay a £ 97 debt when you only have £3 in your pocket.
Would anyone argue with the logic behind those sayings?
If not then why is it that government ministers fail to understand simple logic?
Is it that they do not understand that 97% of the money in circulation is debt?
Do they not understand that even the taxes they take from us, is money that somebody somewhere has had to borrow?
Is it not time that they came down from the economic clouds and looked at the very basics making up our economy?
The facts reveal that over the years Britain’s economy has been running on an ever increasing volume of debt, to a point where the safety limit has been well and truly exceeded.
Do they not understand, and can they not accept, there is only one way back and that is through radical changes to our financial system?
Why is it that no-one in government or in the Treasury will answer two straight forward questions?
1. Why is it acceptable for commercial banks to create money that did not previously exist, out of thin air, but not acceptable for the Bank of England to create that same money, not as a debt, but as a credit?
2. When debt it is what funds the economy, can they explain how you grow the economy whilst cutting debt?
Answer those questions and you are on the way to solving Britain’s financial problems.
My bet is they will continue the struggle to fit the square peg into the round hole while trying to get a quart out of a pint pot.
What do you think?
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