Friday, 22 October 2010

Financial trickery

Assorted international currency notes.Image via WikipediaI did not know whether to be laugh or cry when I heard of all the excuses for the severe cuts we have to suffer in the next few years, as I have heard it all before in one format or another.

The coalition government have decided to square off our debts incurred by bailing out the banks in record time regardless of whether the poorest suffer or not. Their reasoning behind this scheme is to give the up and coming generation a better chance to get ahead without heavy debts hanging over them.

I am all in favour of that plan, but am not fooled by anything a politician says, as my generation was promised to be looked after in our old age when we were paying heavy taxes most of our working lives to square off the debts left behind by the second world war,(one of the excuses then) and now we find we have to suffer once again to pay off debts construed by the financial wizards who want the economy to work in their favour.

Tax upon tax was piled on to my generation as continuing governments tried to get as much of our wages as they could without too much objection, and always with some excuse like a deficit that is always inherited from the previous government, never caused by the one in power no matter how many years apart their terms in power were.

Every time the public thinks they have paid enough, and things are on the up, the powers that be come up with some disaster to prevent the poorer of the nation bettering themselves in any way, but always ensure that their prowess is never halted.

This time when public spending was rising too fast,and things looked promising, the situation did not suit the financial wizards so they construed a collapse of the banking system as an excuse to fleece us of more money, and get us to accept it because they said there is no other way out.

Banks suddenly collapsing that were accused of monopolizing in the years previous to the construed collapse. Money suddenly disappeared from a healthy economy to where?
Bad debts are no answer as we are hounded to pay off any bad debts in our world.

Money was scavenged from our accumulated taxes to bail out the banks, and when that wasn't enough to satisfy the financial world, more money appeared out of somewhere to land us in supposed deeper debt.

If the money came from an international fund that all countries contributed to, why do we have to pay so much interest on borrowing money from our own fund?
Most countries are in the same predicament so why not just pay back the money we took out of the fund that we are probably still making new contributions to, allowing the economy to recover quicker with less burden on the taxpayer?
Why if it was a loan to bail out the banks, did they not borrow the money instead of the taxpayer, and why if it was a loan, is it not being paid back in monthly installments like we have to if we borrow?

The situation as it is all adds up to a rip off, but we as a people have had enough of being ripped off.

This time the public are no fools and realize how dishonest politicians are, and if they push us too far we will push back.
The french are already protesting, as are other European countries, so if the powers that be think that the public are going to fall for their con this time they have another think coming, and will have more than a construed deficit to contend with.

Promises made to my generation of a well earned rest with less money worries in retirement was taken away when the last government raided and ruined our private pension schemes, funds they encouraged us to save to provide US with extra money in our old age NOT to provide THEM with more money by robbing the very funds they suggested we accumulate, also by failing to keep any of the other promises that were made to us while we cleared off the country's debt, or accrued money for them to pocket as was the case.

The up and coming generation should know by now that even if this supposed debt we are in is cleared off, their future will be no brighter than ours, as another collapse or disaster will be construed to satisfy the powers that be.
When I speak of the powers that be, I do not mean the political puppets we elect, I mean the money men of this world who really run the countries and financial situations around the globe, the same financial wizards whose power even the political puppets fall under whether they realize it or not.

Whatever, we the new pensioners of the world, in our lifetime, are having to cough up to pay for debts from wars, and now have to suffer in our retirement to pay once more for the rich to get richer.

I might be too old to join the revolution but I am not too old to support it.

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  1. Once again it sounds as if you're writing about my country Donald. We here in America are going through the same promises and betrayal.

    All the best - Maxi

  2. Yes Maxi they are trying to pull the wool over our eyes, but this time we are not falling for their lies and the only fools are the politicians, who are about to get their eyes opened.