Thursday, October 06, 2011

killing the pound

So the Bank of England have just 'created' £75 billion. That's over £1000 for every single person in the country. So is every single one of us - babes in arms, benefits scroungers, zimmer warriors, my ex-wife - each going to produce another £1000+ in added value?? Of course not. So what will happen is that our money will simply inflate to make up the gap. Pointless.

This is a transfer from savers to losers, from those that work hard to those that are work shy. This race to the bottom is pathetic. It's terribly un-British so no surprise that the tories and the BBC both love it. Oh, and the stock market, that has risen over 3% today. Well of course, because that's where all this extra 'money' will go to. They are a bunch of idiots, all those that think this is 'good news'. In reality it's a disaster.

I read a disturbing piece yesterday froma  US investor who reckons the following European countries are in real danger of collapse. Greece, Italy, Spain, Ireland and Switzerland. Yes, Switzerland! And why? Because they are fiddling their currency. And once people - both in the country and outside - lose faith in their currency then that currency, and country, are fucked. I suppose he'll add the UK to that list today.

So what IS needed?

The first thing is to accept that growth is finished, now and probably for the next few thousand years, until we can create a proper, solar powered economy. So policies that are supposed to 'kick start' growth are a complete waste of time and energy.

The second step is to link the value of our currency to the amount of gold (and silver and copper) that we own. Then our currency should actually be MADE out of this resource. Inflation will vanish, digital money will be a thing of the past, and we will at last have sound money that everybody wants!

The third step is to build a transport system based on rail - railways, even High Speed lines, tramways, industrial lines, ultra light systems - anything that can be powered by electricity or wood-burning steam. Oil will vanish over the next few decades, cars will never be viable again, and air travel will vanish completely. New businesses can then grow up around these new transport systems, giving us an edge over countries that are still tied to oil.

The fourth and final step is something that has to happen inside all of us. Forget a 'career', forget becoming a 'celebrity', forget some sort of natural 'progression' that burns through energy and resources and just leaves you feeling unsatisfied and unhappy. Instead concentrate on acquiring some land, acquiring the skills to make it provide an income, learn how to defend it, get your own water and power laid on, and start building the community around you at the same time. Or become a nurse, teacher or tram driver - professions with a future.

All the rest is, as Arthur Seaton will affirm, propaganda ...

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