There are none so blind as those who will not see
19 September, 2013[sws_blockquote_endquote align="right" cite="" quotestyle="style02"] There are none so blind as those who will not see Old English Proverb [/sws_blockquote_endquote] Over the years the world 's leading Nations have been moving towards the stranglehold grip now held by private banks over the creation of new money through debt creation. Once sustainable levels of debt have now [...]
Economic recovery – Three simple facts that can not be ignored
16 August, 2013Economic Recovery Fact One - Economic growth is achieved through increased consumer demand for goods and services. Fact Two - The demand for goods and services is controlled by the power of consumer spending*. Fact Three - Consumer spending is determined by the amount of money in circulation at any one time. It is [...]
Is Britain’s stagnating economy on the mend?
13 May, 2013'Stunning' factory output propels pace of recovery, so reads a headline in a business newspaper. News reports and Politicians alike all grasp at every and any straw to claim that Britain's stagnating economy is on the mend. Without doubt there will be encouraging signs from time to time, but those signs do nothing to dispel [...]
There are many a true saying!
8 November, 2012For 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 [...]
Debt – Just another Four Letter Word?
3 October, 2012What is Debt? Within the population there are many who have run up huge levels of debt on their bank credit cards. Debt at such levels they are never likely to repay in their lifetime. Irresponsible, reprehensible, yes that could be said with some justification. However, in many instances the money borrowed has been [...]
Is it Not Time to Call a Spade a Spade?
25 September, 2012The Governor of the Bank of England has apparently told the Chancellor of the Exchequer that it is all right for him to abandon his pledge to cut the national debt within five years. Does that mean the Governor of the Bank of England now accepts that debt can only be cut at the expense [...]
Ignorance Is Not Bliss
4 September, 2012Whenever a Politician speaks about the economy, they show their ignorance of the economic facts. The latest example is Nick Clegg, who is reported as saying that financial recovery is taking longer that was at first thought. Has Mr Clegg ever asked himself why that is so? Has it ever occurred to him that in [...]
If a King Could Not Turn Back the Tide, How Can a Prime Minister?
19 July, 2012For how much longer are we going to be forced to tolerate the King Canute mentality of the Prime Minister and the Chancellor of the Exchequer? David Cameron is reported today 19th July 2012, as saying he does not see a time when the Government's austerity programme will end, that Public Spending cuts will be [...]
King Warns Britain Will Not Recover For Five Years
28 June, 2012Britain is facing at least five more years of financial pain, the Governor of the Bank of England has warned, in his bleakest outlook for the economy yet. Does Sir Mervyn King ever ask himself why that should be so? Seemingly not, because if he had, then the solution would surely be obvious. Britain's economy [...]