Julian Cope presents Head Heritage

Head To Head
Log In
Register
U-Know! Forum »
Labour to win? Surely not...
Log In to post a reply

140 messages
Topic View: Flat | Threaded
Howburn Digger
Howburn Digger
749 posts

Edited Jun 14, 2017, 13:36
Re: Heseltine cuts across the delusion?
Jun 14, 2017, 13:34
nigelswift wrote:
Well, Theresa says it is and that nice Mr Gove says it isn't.
http://www.mirror.co.uk/news/politics/austerity-not-over-after-theresa-10613800
I guess a bit of it is over, but no more than their backers want.


EU "Austerity" requires cuts in Public Spending but must go along with massive increases in Public Debt through increased borrowing and servicing of debt-money which never existed before... have you seen what has happened to Britain's National Debt during "Austerity" for the last few years? Yes. Our National Debt has been carefully nearly quadrupled by a Banker's son who was in charge. You might wonder... how do you massage debt from 20% of GDP to nearly 90% of GDP in such a short time? Well it depends what private bank you borrow from and what interest they charge... Pay-Day loan rates anyone?
The interest-servicing on this "National Debt" means it can NEVER actually be paid off. Our GDP will soon be insufficient to cover interest payments alone. Did anyone sign up for that?

Making any sense yet?

Thatcher and Major were always into their own versions of mean-spirited public expenditure and cutting welfare payments. Theresa May and her horror boy-band of creeps will continue with similar mean-spirited stunts and Bullingdon pranks to the disabled and unemployable.
But the EU Austerity model really requires looking at to see what it actually means. Go back (quite) a few years and see how a very modest national debt in Greece was turned into a monster by the EU Banks. Then all of Greece's National Assetts were seized.
It's a ram raid. They had to fight shooty bang-bang wars to take this amount of stuff a hundred years back. It is done in Banks now.

Iceland refused to pay and jailed the bankers. They are fine now.
Topic Outline:

U-Know! Forum Index