Showing posts tagged economy.
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ALFOXUS

curious?   my face   

Jim

obviously as there will be more people than homes, the unemployed will have to be put to work in the G4S private prisons, for the pernicious crime of being unemployed

the news media will blame them for all social ills and chastise them daily for costing G4S a portion of their profits in food and thereby displeasing The Economy, He Who Art in Heaven, the Almighty, The Benevolent Economy, Hail The Economy, Hail, Hail, Hail

— 8 months ago
#hooray for G4S  #they're good for the economy  #the economy  #economy  #down with people they're bad for the economy 

£2 trillion taken from the public and given to private banks.

£43 billion a year just paying interest on national debt to private individuals and financial institutions.

headline news - extra £3bn for infrastructure! (after having made £13bn+ of cuts to infrastructure)

big whoop everyone

careful now George you’ll spoil us

— 1 year ago with 10 notes
#budger 2013  #george osborne  #uk  #britain  #politics  #economy  #numbers 

ellentansey:

Let’s not start this rhetoric where Osborne is this clueless idiot that doesn’t know the hardship people go through. He knows. He just doesn’t care.

This is a calculated move to appease the capitalist class. That is what parliamentary politics always has and always will be.

This ^^^. Fuck this mainstream discourse of incompetence, blunders and gaffes. It’s calculated propaganda.

The man is a multi-billionaire heir to an 18th century baronetcy, who keeps his money in the oldest and most exclusive bank in the country (secret and invite-only) and his best friend is Nathaniel Rothschild, scion of the Rothschild banking dynasty.

David Cameron is a fucking linear descendant of fucking King William IV and a fifth cousin of the Queen twice removed, married the daughter of the eighth baronet of Sheffield and was born into five generations of banking wealth. And they were all in the exclusive fucking Bullingdon Club together with Boris Johnson. This is the state of politics in Britain right now.

It’s not a failure when he fleeces the country, gives money to private banks and cuts corporation tax. THE SYSTEM IS WORKING AS INTENDED. That’s the worst part.

Osborne claimed £47 on public expenses to pay for two DVDs of his own speech, and the speech was about value for taxpayer money. It’s all a sick joke to them, they’re sociopaths.

(Source: titotansey)

— 1 year ago with 15 notes
#osborne  #budget  #tory scum  #politics  #economy  #propaganda  #discourse  #banking  #rothschild  #royalty  #cameron  #boris johnson  #oxford  #uk  #britain 

would it be improper or lacking in decorum if I said I wanted someone to grab that red briefcase and bludgeon George Osborne to death with it until the red of his blood mixed with the red of the briefcase and it looked like the briefcase was melting all over his evil fucking face

— 1 year ago with 4 notes
#I have my answer  #its a rhetorical question  #(for legal reasons)  #budget  #osborne  #tw: violence  #uk  #britain  #finance  #tory scum  #politics  #economy  #recession  #budget 2013 
Some big numbers for you ($$$)
  • Gross Domestic Product of USA: $15 trillion
  • Total publicly held national debt of USA (according to US Treasury Dept.): $16.3 trillion
  • Amount of money secretly loaned by US Federal Reserve to various international banks & corporations since Dec 1st 2007: $16 trillion (source: US Govt. Accountability Office - Congressional Report, July 2011. PDF available from gao.gov here)

— 1 year ago with 3 notes
#nothing to see here  #move along  #economy  #money  #crime  #federal reserve  #debt  #conspiracy  #recession  #power  #occupy  #protest  #statistics  #numbers  #knowledge  #control  #1% 
Posted this elsewhere re: recession, debt, monetary reform (UK)

Why is the debate just about reducing or increasing borrowing? Both options still involve borrowing, at interest, from an independent central bank. Both increase the national debt (currently at £1 trillion). Clearly if those were the only two options, you’d go for the one which actually is able to provide vital services, as people are more important than money (although Tories seem unable to understand this point). But they’re not the only two options. Why should we even be borrowing in the first place? Why should public money be created as interest-bearing debt?

The government can issue debt-free currency. It does this all the time - all your notes and coins are debt free. How could they not be? Little pieces of paper and metal aren’t going to wing their way to the bankers every quarter are they? But only 2% of our money supply consists of notes and coins. The remaining 98% amounts to numbers on a screen or on a ledger, created either through government bond issues or by fractional reserve banking (ie when banks loan out more money than has actually been deposited with them).

In 1946, about half of currency was direct, debt-free government issued money, printed and minted. Now we’re down to 2%. Is it any wonder that in recent decades the national debt has skyrocketed (seriously, look at a graph), inequality has grown and the rich are richer than ever? We’re paying £48 billion a year on interest on this national debt, which is mainly owned by insurance companies, private (mostly overseas) individuals, and other financial institutions. Why should we?

Money is just a symbolic medium of exchange, it’s something we create as a society. It’s not real. We can change how it works. We can change it to make it fairer, and we really need to do that because the extent of the unfairness is getting ridiculous now. I wish people would be a bit more optimistic about our chances of actually achieving something (surely it’s just good tactical sense to be optimistic), and at the same time be a lot more cynical / critical towards the theories and justifications of economists and financial institutions like the Bank of England, IMF, etc. They don’t deserve to be accorded so much respect. They demonstrably don’t respect you.

They’ll talk about ‘The Market’ (what it wants, what it might do) like it’s a fucking nature deity that needs to be appeased, rather than just being the aggregate actions of real living people, particularly the obscenely rich. They’ll talk about the ‘business cycle’ (what they used to call ‘boom and bust’) as if it’s as natural as the waxing and waning of the bloody moon, rather than being affected by the centralised manipulation of interest rates. This is political language - it’s passive, depersonalised, there’s no agency, no blame, no negative connotations. It’s the equivalent of the MoD saying ‘threats were neutralised’ rather than ‘we shot and killed some people’.

If someone comes along and says they’re an expert on a subject, but then they’re unable to explain how the system actually works, they use unnecessary and intentionally obfuscatory jargon, rely on groundless appeals to authority, their models are repeatedly unable to explain / predict the data and not only that but (this is the big one) consistently lead to disastrous results - they’re not really experts are they.

— 1 year ago
#might as well get value from my time investment there  #monetary reform  #debt  #money  #recession  #political language  #debate  #UK  #economy  #credit crunch  #depression  #critical thinking 
The real hidden economy of tax avoidance - PLUMBERS →

I mean sure UK Uncut protesters get beaten, pepper-sprayed and arrested for protesting the billions unpaid by Vodafone, Philip Green etc.

Also there’s that £13 trillion of global wealth locked up in offshore tax havens by people whose job it is to borrow your money then gamble it - a valuable and necessary service to society I’m sure you’ll agree.

But treasury minister David Gauke, in his wisdom, has correctly identified that the biggest problem is the ‘morally wrong’ practice of plumbers taking cash in hand.

About time, I say. Any given weekday I can look out my window and see swarms of plumbers, running around in their Gucci coveralls, brandishing their golden spanners, thinking they can lord it over the rest of us. They live in the lap of luxury and what do they even do? What do we get out of the bargain?

Those fucking plumbers.

— 1 year ago
#Also they make really bad porn  #I hear one of them even has a successful videogame franchise now  #AND he's an immigrant  #politics  #economy  #money  #news  #UK  #tax  #UK Uncut  #protests  #double standard  #sarcasm 
Guardian: Tiny global elite hiding £13tn in offshore tax havens →
  • 'Assuming the £13tn mountain of assets earned an average 3% a year for its owners, and governments were able to tax that income at 30%, it would generate a bumper £121bn in revenues – more than rich countries spend on aid to the developing world each year.'
  • 92,000 people, or 0.0001% of the world population, own £6.3 trillion of financial assets. Doesn’t include non-financial assets like mansions, jets, yachts, etc.
  • 'Almost £500bn has left Russia since the early 1990s when its economy was opened up. Saudi Arabia has seen £197bn flood out since the mid-1970s, and Nigeria £196bn.'

It’s certainly odd to see this sort of information (true information) on the front page of a mainstream news site. There are comments with 1000+ likes outright calling for revolution. That’s where we’re at right now. I guess the angrier people get (and the more they start actively looking elsewhere for information) the more the mainstream news will be tempted to come out with this sort of stuff to win people back.

Like this from CNBC’s Kudlow Report a few weeks ago, where the presenter starts by asking the viewer 'Is this global governance at last, is it one world, the central bankers in charge?' and proceeds to get all the guests to agree that we’re all slaves to a global banking elite.

On fucking CNBC. 

— 1 year ago with 1 note
#NEWSPAPER IN 'TRUTH' SCANDAL  #The 0.0001%  #inequality  #money  #globalisation  #banks  #finance  #economy  #GET ANGRY PEOPLE  #tax avoidance 
Goldman Sachs quarterly profits down 11% to only $962m; bankers wondering why they even bother anymore

Yes, in the 3 months up to June they only made a paltry $962m profit.

Right now, in a gated community somewhere, a Goldman Sachs exec is looking mournfully over his bonus package and sighing. His eyes lift from the page, briefly lingering on the recently commissioned 60-foot marble statue of himself, and finally come to rest on the Heavens above. Why me? he asks, as a single tear makes its way down his cheek. Why do you hate me so, God? He decides to go for a walk through the topiary garden to calm down. 

Then he has to give Karen and the kids the bad news: they’ll only be getting two private jets (each) this Christmas. Worse, they may have to go with the mid-range option. I KNOW THEY DON’T HAVE THE IN-FLIGHT JACUZZI KAREN BUT THESE ARE TOUGH TIMES.

We all have to cut our cloth accordingly etc.

Really though we do have to keep the bankers super happy otherwise they’ll all bugger off to other countries and then where would we be?

— 1 year ago with 2 notes
#PLEASE DONATE NOW  #GIVE WHAT YOU CAN  #give a banker a fish and he can feed one of his cleaners for a day  #money  #economy  #politics  #1%  #blood-sucking parasites 
UK welfare cuts, debt, and some fucking perspective

So David Cameron and friends are announcing more welfare cuts, disproportionately affecting women, the young, the poor and the disabled. Of course he says these cuts are ‘necessary’. And of course he wants you to think that the recession happened because some young single mother somewhere got housing benefit.

SOME CONTEXT IS NEEDED. Here’s just a few salient statistics. There are many more to be found. I’m bolding the £ costs each time for ease of comparison, but money is really not the thing we should be most worried about here.

UK government proposal to scrap housing benefit for 380,000 under 25s

  • saves ‘up to’ £1.8 billion a year 
  • (leaves young people with nowhere to live)
Scrapping disability benefits for 500,000 people
  • saves ‘up to’ £2.2 billion a year
  • (leaves disabled people with no income)
Meanwhile, SPORT!
  • Current cost of 2012 Olympics = £12 billion (x5 original budget of £2.4 billion)
  • Does not include another £4.4 billion for security/intelligence services, or £1.1 billion allocated to police for additional counter-terrorism during Olympics 
and GOVERNMENT-FUNDED TERRORISM!
  • Cost of UK involvement in Iraq and Afghanistan wars, as of June 2010 = £20,000,000,000 (£20 billion)
  • (also, hundreds of thousands of murdered civilians)
  • 'Defence' budget for 2012 alone = £47.2 billion
and DEBT SERVITUDE!
  • National debt = over £1,000,000,000,000 (£1 trillion)
  • Interest paid on this debt in 2012 alone = £48,600,000,000 (£48.6 billion)
  • Goes to insurance companies, banks, other financial institutions and overseas investors.

Oh yeah, and BANK BAILOUTS!

  • Since 2007 the UK has committed to spending £1,162,000,000,000 (approx £1 trillion) on bank bailouts
  • Suffice to say banks are not benevolent public institutions. They are privately-owned corporations with a license to legally counterfeit, loan out money that doesn’t exist (at interest) and gamble with other people’s life savings.

Some of these numbers are bigger than the other numbers.
— 1 year ago with 3 notes
#statistics  #damn lies  #money  #economy  #debt  #welfare  #budget cuts  #conservatives  #uk politics  #recession  #sexism  #classism  #war  #olympics  #2012  #government  #UK  #Britain 

A political dialectic

Power:OH NO
People:What
Power:OHHH NO
People:WHAT
Power:We've discovered something that could spell the END OF THE WORLD AS WE KNOW IT
People:OH NO what is it? Let us see!
Power:No, it's too dangerous. No one can see it
People:Okay, you know best. Just tell us what it is!
Power:Watch this infotainment DVD we conveniently prepared just in case this exact scenario happened
People:*watches* What are you going to do about it?! Think of the children!
Power:There is one way to stop it, but we have to be quick! There's no time to lose! You have to trust us.
People:Oh snap! Alright, whatever it takes
Power:Ready? On three. One... two... three! Quick give us all your money
People:ohmygod ohmygod ohmygod... ahhhh!!! *flailing*
Power:OH NO! It's not working! Some terrorists made a black hole and now it's sucking up all the money! We need more currency to power the Freedom Cannon so we can destroy it! Quickly! No time to stop and think for even a second!
People:AAARRGGGH!!! *desperately throwing spare change*
Power:k, sweet. Here's a list of things you're not allowed to do anymore
People:Are we safe now?!
Power:Um. Yeah, sure I guess. Whatever
People:Phew! Thank God we had you to save us!
Power:*reads from autocue* On this day! - we demonstrated the power of an idea. On this day, people across this great nation responded to the rallying call of their country and gave everything they had, for freedom. On this day we came together and showed - as once our forefathers did before us - that if you believe in hope, nothing is impossible!
People:*applause* (Yeah! Wooh! Go us!)
Power:*basks*
People:Wait... we have a question. If the terrorists created a black hole, how come the Freedom Cannon didn't get sucked in too?
Power:
Power:
Power:
People:... so the reason we needed money to power the Freedom Cannon to collapse the black hole... was because all of the money... was being sucked into the black hole? That makes no sense
Power:
Power:
Power:*commercial break*
Power:
Power:
Power:OMG WHAT IS THAT IT'S RIGHT BEHIND YOU
Power:Quick, give us all your money
— 1 year ago with 2 notes
#politics  #economy  #hegelian dialectics  #propaganda  #apocalypse  #2012  #bailout  #terrorism  #incisive political commentary  #freedom cannon 

B. Dolan - Economy of Words (Bail It Out)

— 1 year ago with 3 notes
#music  #b. dolan  #hip hop  #economy 
US inflation since the creation of the ‘Federal’ Reserve in 1913.
Those central banks do such a good job of creating controlling inflation. Wherever would we be without them?

US inflation since the creation of the ‘Federal’ Reserve in 1913.

Those central banks do such a good job of creating controlling inflation. Wherever would we be without them?

— 1 year ago with 2 notes
#usa  #economy  #banksters  #1%  #plutocracy 
A Zimbabwe Z$100 trillion note, first issued in 2009, then equivalent to about £20 or US$30. This followed massive Zimbabwean hyperinflation in 2008 at a rate of 516,000,000,000,000,000,000 (516 quintillion) per cent (source). Prices in the country doubled on average every 1.3 days. This is the second highest rate of inflation in history, behind only post-WW2 Hungary, where prices doubled every 15.6 hours (Weimar Germany in 1923 is fourth with a doubling every 3.7 days).
Zimbabwe has now been forced to use foreign currency, primarily US dollars, which are magicked into existence as interest-bearing debt by a private US corporation calling itself The ‘Federal’ Reserve. The very usage of these notes implies a continual transfer of wealth from the population as a whole to the corporation which loans out the money in the first place (and to the small number of very rich people who comprise its ownership).
Now the IMF and the World Bank - which is a primarily US-owned bank based in Washington and whose presidents have thus far without fail been Americans nominated by the US President - are offering loans (w/ interest, natch) and potentially debt relief, subject to Zimbabwe accepting certain political conditions. And what do we call it when you try and persuade someone to do something you want them to do by offering them money? (Hint: it’s not ‘aid’).
MEANWHILE! Western investors have been buying up the Z$100 notes - these potent symbols of the pain and poverty suffered by the Zimbabwean people in recent years - and are now selling them as hilarious novelty items. On Ebay.
I am disappoint.

A Zimbabwe Z$100 trillion note, first issued in 2009, then equivalent to about £20 or US$30. This followed massive Zimbabwean hyperinflation in 2008 at a rate of 516,000,000,000,000,000,000 (516 quintillion) per cent (source). Prices in the country doubled on average every 1.3 days. This is the second highest rate of inflation in history, behind only post-WW2 Hungary, where prices doubled every 15.6 hours (Weimar Germany in 1923 is fourth with a doubling every 3.7 days).

Zimbabwe has now been forced to use foreign currency, primarily US dollars, which are magicked into existence as interest-bearing debt by a private US corporation calling itself The ‘Federal’ Reserve. The very usage of these notes implies a continual transfer of wealth from the population as a whole to the corporation which loans out the money in the first place (and to the small number of very rich people who comprise its ownership).

Now the IMF and the World Bank - which is a primarily US-owned bank based in Washington and whose presidents have thus far without fail been Americans nominated by the US President - are offering loans (w/ interest, natch) and potentially debt relief, subject to Zimbabwe accepting certain political conditions. And what do we call it when you try and persuade someone to do something you want them to do by offering them money? (Hint: it’s not ‘aid’).

MEANWHILE! Western investors have been buying up the Z$100 notes - these potent symbols of the pain and poverty suffered by the Zimbabwean people in recent years - and are now selling them as hilarious novelty items. On Ebay.

I am disappoint.

— 2 years ago with 2 notes
#banksters  #economy  #finance  #money  #occupy  #zimbabwe  #politics  #poverty  #imperialism 

Senator Bernie Sanders on corporate tax avoidance in the USA. Go him.

— 2 years ago
#politics  #corporate america  #tax  #economy