.......... wrote:
andyh wrote:
Its worth noting btw that the forbes list goes on to list over 1100 billionaires (*
many multi*). Thats well in excess of a trillion already, and people wonder where all the money is

And the world stands still in waiting as people are starting to organize to deal with the the worlds greatest issue.
Alot of it has to do with the average person in the western world being complacent for the most part.
Now i could try to become more self dependent and pull away from the western system of life for personal change.
But i'm not going to be selfish in a naive way to think my self dependence will end the war and feed the poor.
Then we start getting back into how will people come together to change the system for the better of the Earth.
Its a start. Its an example for others to follow.
App talks of 'childerick' often which is basically about putting off debt today on our kids future tomorrow.
The public sector is now larger than the private sector in the UK and the govt has no money of its own. It raises its money 2 ways, one via taxation and the other via loans.
Now if the public sector is purely paid for by the govt from the above funds, just where the f*ck is the money coming from to pay for it?
The answer is that it has to inevitably come from the private sector taxation...AND EVEN THEN...almost solely from the private sector EMPLOYEE.
And almost all our private sector is now services which are not sold abroad, there is f*ck all we export, we produce jack sh*t.
This is a recipe for disaster but the voters keep on asking for those handouts!
Just what the hell is the UK govt going to do with its trillions of debt if/when interest rates go up? lol
There's only 1 thing they do, print money. We're talking Zimbabwe.
The only rational choice is to abandon a failed mechanism, which is ofc the entire economy. There are some in-between solutions such as going back to full reserve banking, writing off debts etc but it must be understood that any solution which uses the monetary concept will involve pain on a scale that no-one wants to see.