Karl puts it gently [cheers, Wolfie]:
The bottom line now is that Bernanke thinks he can continue to paper over this crap with yet more “QE” and other monetary games. He’s wrong. All he’s done, along with Greenspan, is enable not just bad behavior but outright lawlessness, while at the same time savers, senior citizens and those on fixed incomes are seeing their mandatory spending soar, destroying their savings. Instead of using his regulatory power to put a stop to it, he feeds the bankster criminals that in their drug-induced mania have trashed our nation with yet another shot of heroin laced with meth, empowering yet another wilding binge of destruction.
Since the underlying problem is decades of monetary and asset inflation, swelling debt and increases in income to service it all, then perhaps the way down is debt cancellation, asset deflation and income reduction so that our workers can begin to compete with their Eastern counterparts?
Tom Paine notes:
Indeed you would save the cost of all the churn; each time the government takes money, it wastes much of it in administration costs. Public sector workers should pay no tax, because that “payment” is a costly myth. They should also not vote, because they have a clear conflict of interest with taxpayers.
William and Patrick might be right:
I agree with Patrick Harris: We cannot afford to carry lame ducks any longer. We must, as a matter of urgency, return to a position of personal self-reliance. If that means soup kitchens and tent cities in the short-term then so be it (and I may well be in that situation soon myself). We are becoming a third world country and we need to be reminded how it is one survives and succeeds in such a situation.
… but it comes back to Karl Denninger’s quote above – we’re not on a level playing field, people. To mix metaphors, there are elephants in the room [on the playing field?] and they are the ones I refer to as Them. Over and over, people are making arguments and ignoring this factor, simply because they do not accept the premise or at least, don’t pay it much mind.
Listen, guys and gals, the Fed and EU are screwing us by tighter and tighter regulation while profligacy abounds at their level. They’re laughing at the average jo not recognizing what they’re doing, which is why someone like Karl Denninger is apoplectic, Ian too. William’s right about self-dependence and a man with that mentality would survive better, except for one thing – those elephants in the room.
Welshcake‘s example shows the end result of the public sector disease.
Those elephants control things, e.g. the Fed and its QE2 or the EU and Lisbon, let alone its claws now in the City. Regulation? ROTFL. Grand Theft and the Agenda. And key figures in the City are opening the city gates to them. Every city has traitors. Look no further than the BofE. You want a name? Tucker, Bernanke, take your pick. In government, take your pick – Clarke is one of the worst, Osborne, Cameron and on the other [but same] side – Red Ed.
These are the men and women who are colluding in our relegation to serfdom. Great situation. The Americans have non-Prez Soetoro doin’ the do. And now Bill has started campaigning for Hillary 2. Wonderful.
To defeat an enemy, you must first recognize him as the enemy. Works in alcoholism, works in politics.
Back to the topic
It’s understandable, isn’t it, that with people’s whole futures at stake, with pensions down the chute, due to Brown and others, with people falling out of jobs and with mortgages hanging around their necks, having “done the right thing” in the past … or at an absolute minimum, with the UK now a more poisonous investment climate than it ever was, that a great deal of heat be directed to those rorting the system and unfortunately, many are turning their eyes to the public sector.
I’m not a public sector worker and haven’t been for decades. I had one shot at it and saw it as a cushy number which wasn’t leading anywhere. I’ve stood or fallen by the private firms I’ve been with. So I understand Rossa’s mentality and that of William Gruff implicitly. I also am looking at a local business possibility and am currently seeking advice.
However, however, however – the lower echelon public servants are human. I’m sorry but they are. They might be leftist in the sense that the French millions who are demonstrating are but they are still our people. They might be happy to see us taken over by the EU but they are still our people and of working age. We need them in the workforce in productive jobs.
That means we must have jobs and that can only be if the government immediately suspends all the deficit/debt thingies and transfers money from quangos et al [as they’re partially doing] and from payments to the EU and debt servicing [for three years] and pours that money into business encouragement – particularly in small and medium businesses, on a case-by-case basis. Plus killing off VAT.
There are enough private sector experts [maybe retired] to provide, nationally, cheap advice to would-be-small business people. Why don’t we recapture fields such as bespoke coachbuilding and cabinet making or the things we were once known for? I feel there are enough people of the old morality who see where this would be going – a bulwark against the socialist onslaught – to get behind it.
And it takes the people of this land demanding this.