"Who the fuck is in charge around here? Really, take a seat, i'd like to have a word."
I mean, come on. Last week after the Governments around Europe rallied around looking for pennies down the back of the sofa to bail out Greece, yet again the markets looked their worst for over 3 years. This has made everyone jittery, bankers running around like headless chickens trying to work out what to do to stop it in between trying to work out the next best way to embezzle what's left.
Greater minds think the whole thing is on the verge of collapse, an entire world economy trying to survive using a business model that's three quarters of a century old. It's looking entirely bleak. Some other great minds are aware of certain sections of investors trying to push the system into collapse which isn't taking much effort on their part, and no, this isn't some "Area 51" conspiracy theory we're talking about here, people who examine the intricacies of the stock market for a living have been observing this behaviour for some time and are powerless to do anything about it. Why? The economic banking structure and governments are tied together in some over complicated knot that has taken over 75 years to seal. The balance of economic power sits virtually equal between the banks and the worlds governments. In fact a better analogy would be to say the banks and the governments are sitting together in one giant game of Jenga right now, start pulling pieces out and the whole thing will collapse.
Last week the Conservatives held their annual party, still spouting that we're "All in this together." Well, i still think a lot of us are in it a lot more that others. It's easy to spout rhetoric about "Paying off your debts" when you have a wallet you carry around in a helicopter, it's a bit more difficult when you've just lost your job, or your job is on the chopping board.
Now. A solution to this intertwined problem of paying our debts and looming unemployment would be for the government to begin lending money to small businesses, cut a lot of the red tape the rest of the world doesn't have to endure and start seeding our "Jobs Garden." It's not rocket surgery and even to a small child with the I.Q. of your average Minister in Parliament it makes very good sense. However, in an act that can only be described and "Monumentally Retarded", last week Mervin King, head of the Bank of England decided to do a little more "Quantitive Easing."
£75 Billion pumped back into the economy to stave off another recession. If the solution to the problem is just to print more money, hell, i'll take £5 Million, i'm not greedy. Really, Paypal it to me and i'll set a new record on Ebay for spending within a 24 hour period.
Will it work? No. Why not? It didn't work 3 years ago when he pumped £200 million back into the economy. All it's doing is giving the banks something to try to grab back out of the economy, selling the tax payer crap bonds and bad debt. Does it help the small businessman trying to get investment? No, the banks will continue to hold onto what ever they have with a lead fist. The amount poured back into the economy in the UK was the equivalent of about £4500 per adult over the age of 18. The previous £200 Billion was about £17,000 per person over the age of 18 in "real terms." I'm pretty sure if people had that money in their pockets they would be spending it, not holding on to what in the long run is going to be worthless bits of paper "promising to pay the ...."
The economy would bloom more if people were spending, because let's face it, saving right now isn't worth the waste of time checking your bank account to look at the 0.5% you made last year on £300 you've been hanging on to in case of emergencies.
I recently looked at Ed Ball's 5 point plan. He's my local MP. I do wonder if anyone let's him choose what's for dinner in his home when he's not in the city. Really, how these retard's ever get as far as they do within Government really amazes me.
Anyway, i digress.
What's the upshot of all this?
We're fucked. With a giant "F" with all the trimmings.
For those that think the economy will find it's settlement point, forget it. 20 years ago, yes. 2011, no.
So, like i said, who's in charge? Could you please step forward, i have a slap across the face for you and a giant reality check.
