Adjusting the System to Eliminate Parasitic Destructive Inflation?
"The Story Has Vanished From The BBC ... And people think the BBC is a free, fair and independent news service??" ......By RotaCyclic Posted Tuesday 17th February 2009 17:05 GMT
Others would more reasonably suggest it is a Shadow of its Gay Former Self and a Proxy Tool Failing Governments with its Mandates and Foreign Programs. But then that is directly attributable to Spineless Direction from the Top of the Board Room Tree and its Bankrupt of Novel and innovative Intellectual Property, Creativity Department.
"There is good news and bad news. The good news is that the "credit crunch"/slump is not terminal, and we will survive it, because... The bad news is that there will be a next "credit crunch"/slump, and it will be terminal, altho when it will occur is difficult to predict. However, we have seen enough of how the World is Being $aved today to be confident in this." ... By Luther Blissett Posted Tuesday 17th February 2009 17:14 GMT.
I cannot fault the logic but would suggest that the bad news is current and therefore one does not need to wait on prediction.
To all who would either post here on El Reg or just spend years just reading [yes, there are those too, apparently, who have no urge nor strong enough or sure enough opinions to share publicly for peer review ] now would be the perfect time to present to Government any viable sustainable mega-spending plans for any Public Service Initiative Projects which you might have, as Quantitive Easing/the Printing and Supply of Currency to Generate Economies and Industry gets under Way. Cutting out the Middleman/the Banks will also ensure that their Costs do not Burden one with unnecessary Taxation and Wealth Payment on a Service not required.
It is surely quite enough for Currency Spend to Generate Industry and Economies, without the Banking Sector, expecting the Added and Unfunded Service of Interest Charged on a Principal Currency Spend and the Return of the Capital Spent from the Principal, whose Spend is Generating Industry/Work/Economies.......... for that would require one to be able to Invent and Print Money from Nothing or to ask Currency Suppliers for more than twice what one would Really need, in Order to Entertain a Sector which is making Nothing but merely employing members of the Population with either limited or undereducated skillsets.
However, if that be necessarily so by Default Design of the System, then one should make the necessary adjustments to Currency Requirements made to Government and make them aware of the Inflated Provision/Excessive Third Party Borrowing Requirement. It does not though do the Banking Sector any favours, whenever their business Model is Based upon the SurReal Supply of Nothing, and yet for which they would think to be Paid with such Extreme Supplies of Currency.
cc Vince Cable/Robert Peston/Mervyn King/Alistair Darling/UK PLC.