Labour's Legacy

After 11 years of disaster creation syndrome (dcs), the exiting UQ (aka UK) Ltd Labour government predictably exacerbates today's major problem into another of tomorrow's disasters. This is the evolving legacy to be handed over to an incoming government, which will be blamed for the latest crisis, even though it did not directly create it. Labels. In times of financial meltdown, on a global scale, this present Labour government's attitude is to spend its way out of recession. That's impossible , but creates the illusion that all the problems have simply disappeared.

• Another one of the illusionists many shabby tricks

• The illusionist is in self-delusion by assuming that the audience is blind and stupid

Problems never, ever go away. To the delusional, they just seem to (temporarily) vanish. The reality is that all the problems are being effectively 'shelved' just to return, though much worse. Borrowed money by the debtor does not create solvency. Consider some of the individuals and other business concerns that have become bankrupt.

• It has been the solution that many have used by borrowing on a credit card to pay off another earlier debt: dcs

• The reality of any loan is that it is a crudely disguised debt and adds another link in the chain around the yoke wearer's neck

This country is 'led' by a prime minister who does not lead, but urges. An example of making noises and doing nothing and an example of Selling England By The Pound: provide the failed banks with £billions taxpayer debt so the banks can screw more money out of the 'rescuing' taxpayer. This does not demonstrate someone in control who could really do something useful, but what appears to be dcs. This country is leaderless and descending into the pit. It's cynical and perverse and is tantamount to killing the Golden Goose before it's laid any eggs.

• The eldest brother meets a little gray man (the Disguised Helper) who begs a morsel to eat and a swallow of ale but is rebuffed, but later has an accident and is taken home. The second brother meets a similar fate though is generous with the little old man and is rewarded with a golden goose (the Fairy Gift).

• With the goose under his arm, he heads for an inn, where, as soon as his back is turned, the innkeeper's daughter attempts to pluck just one of the feathers of pure gold, and is stuck fast. Her sister, coming to help her, is stuck fast too. And the youngest of the three, determined not to be left out of the riches, is stuck to the second. Any person who attempts to interfere is joined to the unwilling parade.

Of course, the real giveaway evidence is that in addition to 'removing' all debt and banking failures by landing the taxpayer with the grotesque debts of nationalisation, there are promised tax cuts. Obviously these can never materialise unless some other swingeing form of financing is dreamed up. The melt down is well on its way to continued melting until this virtual money is recognised as the vapour it really is. The mechanism of pyramid selling is effectively that used by the financial markets around the world. An original lender 'creates' more money from its outlay by each borrower subsequently re-lending to a further set of borrowers. This then goes on and on until someone (a consumer) eventually buys an item. In the process inflation is fuelled relentlessly as each unit (lender) within the growing pyramid takes its cut, but contributes nothing. It must never be forgotten that just lowering interest rates is not necessarily a good thing. It becomes a yoke. A time bomb. It all depends on whether it is as a consumer or lender. Borrowing today at low interest appears to be a good thing, but any borrower is alway at the mercy of the lender. Once the loans have been extended (taxpayers' money 'loaned' indefinitely to the banks), the interest will at some future date be raised. Those loans can then become very expensive providing the lending institutions with one of many golden eggs.

Cynical Cyclical Predictable

It's also fairly obvious that any business involved with selling property and this will include estate agents will do their best to ensure property prices increase as quickly as possible. Commissions are maximised. With interest rates being reduced and lending 'forced' it is not too much to visualise a return of another recession even before the current one is over. But a recession is never over and boom times don't exist. Illusion and more vapour. Boom times are funded on the back of credit and loans. The national debt is now measured by the £trillion:

£1,000,000,000,000 or £one thousand billion or £one million million or £one billion thousand

The entire globe is bankrupt. There is no money. Nothing. Labels