7/28/2019 In Politics, Supply is Slow to Meet Demand.
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mentality of "village idiots" as is proscribed to us. There's a
reason the Americans and Anglo-Saxon's
bang on about "community", and "communities" -- the last thing
they want is for individuals to think and
engage as citizens, or as mature, urban people --- thereby
organizing and forming united movements.
They want us to think and act - as dementedly atomized,
stratified and unknowing as the corporate
agendas and policies seek to construct us; thereby allowing
business to get on with organizing andagitating us into whatever
consumer packaging they see fit. Of course, this is the very
'social
engineering' they accuse communists, socialists and all others
of badly instigating. Yet, if you go to most
high streets, now, across the UK, you see the same generic,
characterlessness buildings and frustrations
as cameras depicted under Soviet communism.
We are held captive to a system in crisis. Capitalism goes
around shifting the 'crisis' from one place to
another; it's never not in crisis. It's hitting Europe, America
and Japan now because, collectively, we
can't afford the gas bills. We can't afford them, because growth
isn't sustainable, the energy resources
making growth 'real' are finite, we've been living on cheap
debt, and the elite are hoarding much of their
money away. The West isn't best, it's quite a mess, and we all
know it - especially the Anglo-Saxons who
have lead the charge.
It's the rise of business power and the decline of political
power, and the triumph of consumerism over
citizenship, only now the corporations need the state to save
them - to do their bidding - and keep the
private consumer identity strong, and suffocate the public
citizen.
The Bank of International Settlements has got one thing
right
Quantitative Easing has reached its limits and cannot help to
stimulate economic growth. QE is a busted
flush. But why is the BoIS still pushing the austerity pathway?
- it should be obvious that austerity
cannot lead to sustained economic growth because there is a
demand crisis within every major Westerncapitalist country. The
mealy-mouthed statement that the short term pain is worth the long
term gain
simply flies in the face of reality - we have been in recession
for five years, with little sigh of any
sustained and vigorous growth which could have been expected by
now. Living standards in most
capitalist countries are falling for the majority of the
population, dramatically so in some Euro Zone
ones.
To push for 'financial consolidation' at this juncture is
irresponsible and probably self-defeating, as our
experience shows - government debt is still growing, despite, or
perhaps because of, Osborne's public
expenditure cuts. Only fiscal expansion, focused on capital
investment, will stimulate the economy
enough to start to reduce unemployment, raise living standards,
and increase consumer demand.
What law of government or economics says central banks must at
some point sell the bonds they
purchased with QE money, This system is not your credit card, QE
was used to lower interest rates , give
liquidity to banks and lower the interest burden on government
debt, and the mortgage market. If every
overseas investor decides to sell their bonds and rates jumped
up ,so what that liquidity is what is
needed ,and the fed has unlimited fiat money to set any rate it
wants.
