Bog Roll :: stuff/politics

The green shoots are just the dandelions growing out of the ruins of the British economy and not the first signs of a recovery... For too long we didn't do anything useful but simply borrowed money and spent it like there was no tomorrow. Well tomorrow is here and it wants it's money back.

Maurice Saatchi has an interesting article in The Times: Blame this crisis on the myth of inflation. It is well worth reading, the Thatcherite lie of concentrating on a narrow and artificial measure of inflation is shown bare and Labour's "sound fundamentals" are just the same old tosh as the previous governments tosh.

posted 13:37 :: /stuff/politics :: permalink :: ^

The current British government is trying to convince the population that we are in the grips of deflation and that the solution to our debt problems is to borrow and spend our way out of them. Because we face deflation rather than the more typical inflation we are safe to borrow and spend - which would otherwise be dangerous - indeed borrowing and spending helps to combat deflation - they say.

It is true that deflation, or a shrinking of the money supply, which normally means that things get cheaper is not a good thing. However I don't see the same deflation that the government sees, all the things I buy such as basic food ingredients are going through the roof in price, and imported goods and foods are rising even faster.

It's all a feeble attempt to prop up the housing bubble by mortgaging the nation's future to pay for the greed and ineptitude of the current ruling classes. I'm not anti-Labour or anti-Tory but I am stridently opposed the the pocket lining politicians running the place.

Come the Liberal revolution, I know who I'd have lined up against the wall...

posted 23:48 :: /stuff/politics :: permalink :: ^

Flash Gordon, former British Chancellor and now Prime Minister has stolen my pension! Because of his blundering incompetence over the years, my pension has lost 30% of it's value in the past year.

I don't normally discuss real world politics on my blog, but I had it with the clueless twits in Parliament. New Labour has ignored all the warning signs of excess debt and as a result allowed a few greedy idiots to bankrupt the country. It's not as if the the now very smug Tories can say anything about it, as Brown has been essentially following Thatcherite policies for the past decade and they have been mostly accusing him of stealing their policies...

Thankfully by the time I retire at seventy, my pension will probably have recovered - unfortunately that's not something people close to or retired now can take any comfort from.

posted 20:27 :: /stuff/politics :: permalink :: ^