He admits to being a consultant to the financial wing of the economy ... but do we know which wing that might be? Might it be the bankers? Do we know?
In response to his post, I posited:
The people have far less power to lobby the government than do corporations. Perversely, multi-national corporations have more power over national governments than local, which means that the globalist agenda marches forward, while the democratic deficit increases.
The populace hardly gets the opportunity to “throw the bums out”, when manifesto pledges are worthless and can be ignored at will, and when all parties subscribe to the same policies, regardless of whether the electorate supports such policies.
Notable mention: EU referendum.
Again, I ask why we pay interest on money created out of thin air. Were the government to issue its own currency, independent of any bank, no interest would need to be paid to any banks and the money supply could be controlled by [elected] Parliament – not the executive.
Why on earth do we not do this?
Is JR a eurosceptic, dry conservative, or is he playing games?
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3 comments:
Government could print money but would you trust it to?
Banks are generally kept responsible in their creation of money by their wish not to go bust (credit crunch notwithstanding).
The credit crunch flaw was the government not letting the banks go bust... We got the worst of both worlds, banks making profits for years and years and years, but the taxpayer still ultimately paying the price!
Fausty, Redwood has, I believe, his own 'agenda'. You may have noticed that I had 'a go' at JR a week or so ago on his 'Eurosceptism'.
Like the other 'Sceptics', I challenge JR to take action. If they really felt 'aggrieved' they would form a 'wing' within the Tory Party, and 'break away' promoting self governance and independence. They would also be more pominant in voting against the Coalition,
I suppose the answer to your post heading is a resounding 'NO'!
Pop, were the printing of money to be subject to the scrutiny of Parliament, I might attempt to trust it.
Mervyn King thinks that we have the worst of all possible banking systems, so he says.
Mr W, I did notice. I also noticed that he paid no heed, which is telling.
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