RE: Arfur_Uggins re: worst Q19 Apr 2021 14:29
Marmot74
I think your second post made the point so plainly that we must beware that there is a ‘fantasy’ world and a ‘real’ world, and anyone trying to make sense of what is happening around us must first try to distinguish the one from the other.
Sadly, the fantasy world is one born of politicians and bankers and their kind that affects us all to the point where the vast majority of us believe it to be the truth. For example, it’s the kind of world where Cameron, May and Johnson could declare that Britain’s unemployment rate was the lowest since the 1960s. The reality was that any British worker who had just one hour of paid work in a week was (and still is) deemed to be employed. And the world where the median hours worked per week is 16 hours. This ensures the worker can receive the maximum income before a reduction in benefit entitlements takes effect. The government’s benefit bill is the big give away here – I don’t know what it is now but it was just under £100billion before the pandemic. It really began to boom during Brown’s government, but Thatcher was the initiator of family income supplement and massaging the unemployment figures in a big way (eg.YTS scheme). Comparing unemployment figures from one era to the next is now meaningless and all governments are culpable. It’s the irony of ironies that one of Thatcher’s main aims was to ‘roll back the frontiers of the state’, but she left office with more people relying on the ‘state’ for their income than before she started. Successive governments have taken the easy option and allowed it to balloon to the point that the country cannot support that kind of largesse and only the printing press keeps us from collapse – until it doesn’t.
Paper gold is just another way of keeping us ‘in’ the financial system and so the government supports it. People are converting their money into assets – physical, bitcoin, you name it – to get out of the government’s way. The government wants to control all of finance to ensure all taxes are paid (except for themselves) and stop laundering etc; they want a digital currency, a register of your assets, no banking system (government will decide how much money the economy needs) etc. When interest rates increase and all those mortgage holders can’t pay up, in will step the government and take your house off your hands. They’ll still let you live there but they will at least part own it. Your kiddies will have problems with inheritance.
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