All you hear about nowadays is money. It’s in short supply, so we’ll print some more. Spend our way out of trouble?

“In the 1990s the Japanese government spent massively to try and reverse a similar situation. The result was it was burdened with huge debt repayments which meant a decade of recession and stagnation.

Currently the Chinese government holds billions in US government bonds and must be very nervous about their worth. More importantly even the US government is nearing the limits of what it can spend…but maybe they don’t yet realise that?

In the UK “the amount of money the government has thrown at the banks to prop them up is spectacular. No one knows how much public money will be given to the banks, because no one knows how much money they owe.

The government has spent £200 billion on RBS and is about to spend £200 billion on Lloyds. These bail outs come on top of the £250 billion in credit and the £37 billion in hard cash that was handed to the banks last year.

Labour’s bail outs will more than double the national debt, according to the Office for National Statistics. The government is guaranteeing the debts and liabilities of the nationalised and part-nationalised banks – some £1.5 trillion. That could push the country’s debt levels up to 150 percent of national income, from the current level of 48 percent.

This amounts to a transfer of wealth from the public purse to the bankers – with absolutely no influence over what they do. When the government takes over a bank it leaves most of the same people and policies in place” to continue to do what they’ve always done in the past. Excuse me, but who else, beside a fuckin’ idiot, would do that?

For the man in the street, what’s needed is some new initiatives. Like THIS?

If we all print our own dosh we don’t have to give a monkey’s about the fuck-up the Clown and his Circus are making of things, do we?

Strangely, the IMF signed a deal with Iceland in which they’ll give a loan of 10billion to support the Icelandic economy. But in return Iceland has to introduce massive cuts in expenditure and squeeze living standards to a rock bottom minimum! The IMF don’t seem to have heard of this spend, spend, spend idea?

Iceland, if it had any sense, should just get the presses rolling and print off krona bills till the cows come home. Live today, pay tomorrow!

And a new policy divide appears to be opening up between the EU and the US (no surprise there!) over the extent stimulus spending programmes should be used to combat the current global recession.

Speaking late on Monday evening following a three hour meeting of eurozone finance ministers, the group’s president, Jean-Claude Juncker, signalled that the recent US call for a global spending boost in 2009 was in direct contrast to what eurozone finance ministers considered appropriate. They ain’t going to do it. They already told the Clown they ain’t.

But while the EU’s not about to print loads of money to spend it is putting £8million into an “aquagym and chill out rooms” in the European Parliament – what a great idea! See HERE.

On the subject of the EU “nobody has set out any government or EU vision for how the economy is going to be reorganised during and after this recession. There seems to be no vision of an economic future, it seems to be bailouts, heads down and hope for the best.”

Yet all they have to do is print some more money!!

“Child marriage is a crippling medical and social burden to women in India and poses a demographic threat to the entire world, health experts warned in The Lancet yesterday.

Specialists in public health from India and the US looked at data for 22,807 women aged 20-24, selected from a geographical and social cross-section of Indian society, who took part in a survey in 2005 and 2006.

A total of 44.5% of the women had been wed by the time they were 18, set as the legal age for marriage since 1978. Of these, 22.6% had been married before the age of 16 and 2.6 % before the age of 13.

Women who had been child brides were 37% likelier not to have used contraception before their first child was born; seven times likelier to have three or more births; and three times likelier to have a repeat childbirth in less than 24 months.”

See HERE.

history of hauntings

March 10, 2009

“On 4th April 2009, renowned psychologist Professor Richard Wiseman and a host of other experts will gather to examine the science and history of hauntings.”

See HERE.

Thought for the day

March 10, 2009

“Life is the only way
to get covered in leaves,
catch your breath on the sand,
rise on wings.”

Wislawa Szymborska

Finale

March 10, 2009

The fallen petals of the rose,
The fallen feathers of the dove,
And the time of swiftly-falling snows,
Are strewn on the tomb of Love.

A shroud of soft and silent snows
Covers his body – he is dead:
The fallen petals of the rose,
Are strewn about his head.

And yet Love died before the rose,
Long ere the snows began to fall;
And now, the soft white silent snows
Become his funeral pall.

Eric, count Stenbock.