Opinion: Stages of Economic Recovery in the UK – Simon Wren-Lewis ex Mainly Macro-John Gelmini

The answer to Dr Alf’s question is that they will do nothing about the banks as the people who control them (not the directors but those above them), are the ones calling the shots, and are far more powerful than anyone in Government.

They will do nothing about austerity either, except to try and get foreign investment into the country and engage in “fire sales” like the recent botched Royal Mail privatization.

Until there are riots in the streets and people rise up en-masse to protest violently, little or nothing will be done to boost exports, increase inward investment or ameliorate the conditions of the vast mass of people who have effectively been written off as not worthy of help.

John Gelmini


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Opinion: Infographic-Oecd health at a glance 2013 ex Irish Times-John Gelmini

English: Ben Bernanke leaving the 2008 Bilderb...

English: Ben Bernanke leaving the 2008 Bilderberg Conference (Photo credit: Wikipedia)

OECD Infographics are a telling way to see what the effects of austerity have been just as Dr Alf points out.

The trends are clear enough as well but we cannot put it all down to austerity which was a policy response to Europe’s and America’s malaise and to conditions which preceded the theft of taxpayer funds from the banks by those in ultimate control.

For years the West has existed on borrowed time and borrowed money and through the Club of Rome and The Bilderberg movement came up with the ideas of Globalisation and Climate Change.

This led to the outsourcing boom and off-shoring boom to India, the rise of China as the workshop of the World in the Pearl River Delta and a massive shift of wealth eastwards.

The remaining jobs here in the UK and Europe are, and have been, under threat from technology, lower productivity and the technological advance of China which the Bilderbergers (All of Europe’s leaders, the Prime Minister, George Osborne, Ed Balls, Kenneth Clarke, Heseltine, Miliband, President Obama, Hillary and Bill Clinton, Bill Gates etc., etc. thought would take place in 20 years, but in fact, took just four, and before the engineered banking collapse by a margin of two years.

The Chinese have been busy building shareholdings in Western companies, buying them outright and buying up mineral rights and land on which to grow food in Brazil, Argentina and Cambodia.

Rightly, they fear Global Cooling, which is what the planet has been experiencing since 1996 (See the IPCC Report).

The banking collapse and the austerity designed to fix the damage has compounded a situation which had already started to unravel years before and Green taxes simply add to the damage by making it harder for the West to compete and export effectively.

As for the OECD‘s graphs and trends, they are worse than depicted because true levels of unemployment is understated and, if there is too much immigration from Eastern Europe, I predict Balkanisation, violence and a breakdown of law and order.

John Gelmini


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