Friday, 16 September 2011

# 137 - WAR - The world fiancial crisis.

The trouble with being the boy who saw the King had no clothes on is that nobody believes you!

So it was with Richard North and Christopher Booker who back in 2003 in their book 'The Great Deception' asked the question as to whether the EU could survive knowing full well that it couldn't.

Why is it therefore that the BBC still appears not to be able to report what is going to happen next?

I can only think it is because they do not want to upset the 'Establishment' of which they are clearly a part.

So let me spell out what is going to happen and this is based on no more than 'A' level economics and common sense - eat your heart out Robert Peston!

Like the seasons come and go all economies move in cycles going up and down.

In a well run economy this will amount to highs and lows but in a badly run economy these cycles will become booms and busts.

Well since the depression of the 1930's most western governments have tried to eliminate the normal economic cycles by living on more and more borrowed money.  Who now doesn't remember Gordon Brown's fatuous comment about doing away with boom and bust!!

So our politicians have been kicking the can along the road for so long they have now reached an insurmountable wall and the really big crash of all crashes is just around the corner. For it is surely clear America, Europe and the UK are all broke with bloated public services and stagnant private sectors engulfed in bureaucracy, red tape and high taxes.

For a decade or more we are ALL going to be poorer as the economic works itself through with the less fortunate, as always, suffering the most.

There are only 3 actions any government can ever take:-

1. Cut costs.
2. Increase taxes.
3. Assist economic growth.

History proves the solution is based on this formula:-


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