Britain and the British will neither get nor deserve the relative good fortune of a Velvet Revolution type release from its current totalitarian lockdown. Nor will it be delivered by the collective courage of its common people dispatching summarily its dictatorial leader and his regime as per the Romanians. The path laid out for Britain and the British is regime collapse through total economic collapse as per the Soviet Union in 1991.
It is little reported in the British media that Poland now has a lower rate of unemployment than Britain, its rate having fallen from 8.7% to 6.4% in the last 12 months. UK's true figure, with long-term economically inactive included and those claiming disability is only matched by that of Spain's at 13%, within the European Union.
All the signs are there of a false economic structure on its last legs. The Soviet's was the military-industrial base, the British the housing/finance/public sector base, again highly artificial and unproductive. When collapse comes, as it will, within 12 months, real national output and incomes will fall by a quarter with up to a 10 million out of work and real starvation and deaths from common, as in Russia during the aftermath of the communist system collapse. As per the Russian experience real economic recovery will not take place for a further 10 years due to the massive shock to the whole politic-economic system.
I wonder how long before I get to have another of these?
Miller's Bar, Dearborn
Metro Detroit's most famous bar burger is an undeniably delicious no-frills classic: a thick patty of fresh ground beef on an honest bun, brought to your table on a square of waxed paper. Help yourself to pickles from a jar on the condiment tray; sliced onion is served on request. Want cheese? It's Swiss or Velveeta, sliced off long loafs and melted onto the patty into near-oblivion. You won't get a bill; just tell the bar man what you had and he'll tell you what you owe. For its fans, the bare-bones service and semi-divey setting only enhance the growing Miller's mystique. Hamburger, $4.75; cheeseburger, $5.50.
Excerpt: "In retrospect the UK has endured a long period of living beyond its means, supported by interest rates held far too low. We have become used to unsustainable levels of debt and consumption (we use the graphic image of the “obese economy”). We now need to find a new path based amongst other things on saving (remember that?). A fiscal stimulus would be the last hurrah of the debt-binge era. It’s time to move on. Instead the Chancellor should get a grip of public spending. That does not mean crisis cuts in public spending, which would increase inefficiency and – by creating a perception of under-funding – lead to demands for higher spending later on. "
When shops are cutting prices by 20% and aren't getting big boosts in sales, how will a 2.5% price cut start a spending spree? It won't all get passed on by all retailers, it's not charged on food, which is a big bill, especially at Christmas and for the poor.
He's going to drop small savings in lots of different places, so most people won't feel any better off.
For a fiscal stimulus to work, it has to be so big that it can't be afforded or funded. James Callaghan found this out the hard way. This is pissing on a bonfire - pointless.
Mr Brown's claims to cosmic leadership rest on what he says his measures will achieve, not on what they have achieved. The boasts will finally grate, and a Conservative message that if he can't whistle up a recovery, at least he should stop running up bills, should feel timely.
The US car unions have made it clear they aren't going to make any concessions to their contracts with the car companies. The Japanese are making better, cheaper cars in the non-union south and Mexico. The Chinese are going to be shipping cheap cars soon. The unions are determined to join the ranks of the US consumer electronics industry, shoe and clothing industry, etc.. They'd rather close the industry and put them all on the dole, than concede any reductions in pay & conditions. The world has changed, and they haven't realised it.
"It seems the govt is going to give away cash to the "poor". I wouldn't call it tax breaks, when those getting the money won't be those paying the high taxes when it needs to be repaid. Sadly I probably earn enough to not be "poor" to get the handout, but not enough to be "rich" to avoid the taxes. Of course, I'll probably lose my job the week after the handouts, so maybe I won't have to pay the taxes after all..
I'd go a lot further than stop final salary pensions for the statritariat, I'd give them a 10% pay cut and put them on a contributory pension at 65, obviously expediently to save the economy, but it needs doing, so why not now? Taxes could really be cut accordingly. They would only be going through what their neighbours in the private sector are going through.
The inequality between those employed in the private sector and those working in the public sector, or those on benefits is going to become a major social & political problem."
Spam spam spam spam spam & spam is selling really well, it is boom time for Hormel and their employees. Rice, beans and other basic and low cost foods are also increasing in sales, according to the New York Times. Perhaps the scale of the increase in these sales is an indicator of how bad folks think the economy is going to get. Wisdom of crowds ?
Very poor article by Mick Hume. He is stereotyping council housing as being intrinsically bad, so building more only condemns tenants to bad lives.
There are lots of council houses and estates I know of, which are no-go zones full of smashed up cars and broken windows with the stairways running with urine. But if they were private they would be really nice places to live.
The problems are: The housing is effectively given away, rents are so low so as to look like they are free. The tenants can value them accordingly and treat them badly. If they were charged real money, they would look after them better, even if they were given rent money through the benefit system, as private tenants are. The housing is heavily subsidised, but it is only means tested once when it is first given. If instead market rents were charged, rent money could be given depending on individual circumstances and vary as these change.
Marta Andreassen is after your vote to help her become a UKIP MEP. She was previously Chief Accountant of the European Commission, sacked by Kinnock (hung out to dry according to Tim Worstall)for whistleblowing on the Financial incompetence she saw.
Discusses a Dutch politician's idea of enforced contraception for "unfit" parents.
Quite a topic. I can't work out what my response is. On the one hand I can see that it is unfair for children to grow up in homes where they will not learn to be a successful, happy, law-abiding person. On the other hand, taking away the ability to have a child seems way outside what the state should be allowed to do.
What I am certain though, is that the state welfare system should not be designed so that it encourages childbirth to people dependant on welfare.
I've not seen this in the MSM or elsewhere, but many US states had motions to make same sex marriages illegal. It seems that voters progressive enough to vote Obama want to interfere in the private lives of others.