Source: Wideshut.co.uk
By: David Bolwell, Oct 27th, 2010

George Osborne has just finished his spending review and has delivered the cuts that he believes will save Britain. I’m sure he knows well enough that nothing can save Britain and that to reduce the debt is just a pointless exercise. So what are the motives behind his budget? Well the first thing is that after years of Labour the size of government was massively expanded and a large number of society became hooked on welfare payments to survive. The role of the conservatives is to repay the bankers and destroy the middle class wealth while making sure the rest of us stay poor and in our place.

George Osborne has cut £81bn from the budget deficit that was originally £150bn. That still leaves a deficit of £70bn so the national debt will increase each year by £70bn. It will still top the £1trn mark by 2011. What the government has failed to tell us is what it plans to do about a trillion pound debt that is sitting in the corner. The two parties can play with the deficit all they like, but while they do so the debt grows and grows.

They both know that the debt can never be repaid, that we are a bankrupt country who are slaves to the moneylenders. According to Moneyweek “personal debt in the UK is at nearly £1.5 trillion.” On top of this, “company borrowings add nearly another £2 trillion to the debt pile.” Numis securities has estimated underlying public debt this year will reach 282% of annual GDP.

Numis also states:

“The firm’s estimate of unfunded public sector pension liabilities - that’s money that the government will have to pay out in pensions but which it doesn’t actually have right now - comes to almost £3trn. Add it all together, and Britain’s total debt mountain will stand at over 500% of GDP in 2010.”

The UK is bankrupt, but the politicians won’t tell you this. We owe more money than during the second world war! The only way the government can pay its debts is by selling more bonds (government gilts). This in the long run only increases the debt and devalues the pound further as investors lose faith in our creditworthiness. Printing money or quantitative easing as they like to call it only creates inflation. We see how that works for Zimbabwe. In the end the UK will be unable to fund itself, this is the truth that we are never told.

According to the Institute for Fiscal Studies (IFS) families with children will lose £2000 a year, equal to a 6.7% drop in income. Pensioners will lose 2.9% and childless couples 2.7% of their income. The Times reports “middle-class families are to lose an average of £10,000 each over the next four years as a result of the package of spending cuts and tax rises.” As a result of this massive robbery to fund the bankers, we are seeing a destruction of wealth that has never been witnessed in the UK before. Every family is being robbed and the wealth of the nation is being centralized into the hands of the banks that fund our country.

This vicious cycle is doomed to be repeated by Labour taking power in the future and growing government and the debt, then the conservatives cutting and repaying the bankers. This will continue until the country is bankrupt and no longer able to fund itself. When that happens its game over and the banks come to collect.

Until there is a politician that has the courage to challenge the authority of the BoE then there is no point in voting for anybody. Those in power do not work for us, they work for the money men. Until somebody suggests that our government should print its own money rather than let the central bank print it from debt, then any spending review is meaningless. Until we do away with fractional reserve banking and let banks only lend what they have then our economy will always be doomed.

Our money is debt, we can never be debt free. Trying to pay the debt is pointless. Until we change the system and print out own debt free money and have no central bank we will always be slaves to the heartless greedy rulers of the world who hide in the shadows and rob us blind.

Shame on all politicians for not having either the knowledge or courage to challenge the banks.

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

Thomas Jefferson

Substitute American for British and you can’t really say it better than this 200 year old quote.

Views: 40

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by Thomas Forsdike on October 29, 2010 at 9:36pm
I completely agree. We're spinning around the drain. Getting closer to collapse with each pass. Spend your money on useful long lasting items, if they even exist anymore.

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

Burbia commented on stormtruther's photo
1 hour ago
Burbia commented on steve's blog post The Dangerous Rise Of Men Who Won’t Date Woke Women
"Men who won't date woke wahmen be like"
1 hour ago
Burbia commented on Burbia's video
Thumbnail

CONTAGION Movie Clip 5

"People are freaking out that coronavirus outbreak is like…"
2 hours ago
Burbia posted a video

CONTAGION Movie Clip 5

In this clip, they have shown what caused the epidemic. When trees were cut down, The bats from the trees flies out. A bat, which is carrying the virus, with...
2 hours ago
Doc Vega commented on steve's blog post The Dangerous Rise Of Men Who Won’t Date Woke Women
"Steve, Dude not that gives me something to think about. My 1st wife left me with 4 kids to raise…"
2 hours ago
stormtruther posted blog posts
2 hours ago
stormtruther posted photos
2 hours ago
stormtruther posted discussions
3 hours ago
stormtruther commented on stormtruther's blog post When Ukraine’s Prosecutor Came After His Son’s Sponsor Joe Biden Sprang Into Action
"great post"
3 hours ago
Mr. Sizzle posted a status
4 hours ago
Mr. Sizzle posted a status
"I’m just going to be quiet for now. I seem to be good at making people angry."
4 hours ago
Exposure posted a status
"Coronavirus Pandemic “Global Exercise” October 2019–65,000,000 deaths expected… link gone missing - see my blog for full story..."
4 hours ago
Mr. Sizzle posted a status
"I’m just going to be quiet for a longtime and hope that solves things.. I have no enemies here."
5 hours ago
Mr. Sizzle posted a status
"Well, let’s just say free speech is not the thing here. Right?"
5 hours ago
Mr. Sizzle posted a status
"I see what you did there mod. I’m not unreasonable and terms I can accept within given the criteria that I can post. This place boasts abou"
5 hours ago
Mr. Sizzle posted a status
""
6 hours ago
Mr. Sizzle commented on Mr. Sizzle's status
"Once again, 12160 fugged up my link. Consistent with them."
6 hours ago
Mr. Sizzle posted a status
"Maybe this story is is true, probably not. At this point there are so many Hispanic people around me I feel like a minority. https://www.th"
6 hours ago
Mr. Sizzle commented on stormtruther's photo
Thumbnail

f5f450afb144fe33

"Dude, you have to change the Title to something relevant to your posting."
8 hours ago

© 2020   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted