Socialists, please respond

[Sharon Ebanks]

I want to know where the money you're demanding from "No cuts" will come from

http://www.worldpolicy.org/blog/2012...ent-strikes-uk

[Robert Edwards]

Money is simply a means of exchange. The bankers have turned it into a racket, introducing debt slavery.

[Simon de Montfort]

Money is simply a means of exchange.

A means of exchange, a measure of value and a store of value.

[Franken]

I want to know where the money you're demanding from "No cuts" will come from

http://www.worldpolicy.org/blog/2012...ent-strikes-uk

Almost everyone knows that 'cuts' have to be made (Most Governments have pursued good econonic policies, Greece excepted and had begun to pursue policies to reduce their debts, i.e. Italy). Other Governments are indebted because they have taken on the massive debts of their banks, i.e. Ireland and now Spain (property bubbles bursting). The differences are that many economists believe that such 'cuts' should be spread out over a longer period than those being pursued at present and alongside those policies for cuts, it is essential to have policies for growth. Such growth will help pay off those 'debts.'

[Sharon Ebanks]

Almost everyone knows that 'cuts' have to be made (Most Governments have pursued good econonic policies, Greece excepted and had begun to pursue policies to reduce their debts, i.e. Italy). Other Governments are indebted because they have taken on the massive debts of their banks, i.e. Ireland and now Spain (property bubbles bursting). The differences are that many economists believe that such 'cuts' should be spread out over a longer period than those being pursued at present and alongside those policies for cuts, it is essential to have policies for growth. Such growth will help pay off those 'debts.'

Thank you for your sensible response, but its a pity there are no socialists here prepared to respond and tell us where the money will be grabbed from, if not from the public.

[Franken]

Thank you for your sensible response, but its a pity there are no socialists here prepared to respond and tell us where the money will be grabbed from, if not from the public.

Thank you for your kind words. I consider my response to have been a Keynsian one rather than a Friedman response, ipso facto, a 'socialist' or 'social' response.

[Buzzard]

The fact of the matter here in Britain is very simple. If you are honest, hardworking, pay your taxes etc.
You just get dumped on from a great height.

[longjohn]

The fact of the matter here in Britain is very simple. If you are honest, hardworking, pay your taxes etc.
You just get dumped on from a great height.

And god help you if you have any savings........................

[Sharon Ebanks]

I was wondering if the socialists might be brave enough to expose where cuts could really be made to prevent the Brits having to suffer...Here's one

Halt the funding for 16,000 police officers in Africa to watch over their elections.

[Papa Luigi]

I want to know where the money you're demanding from "No cuts" will come from

http://www.worldpolicy.org/blog/2012...ent-strikes-uk

There are three issues to consider here:

Firstly, that all developed nations are deeply in debt, largely as a result of the fractional reserve banking system and the practice of new money being loaned into existence, rather than simply printed;

Secondly, that the developed nations have to varying degrees had governments that have operated chronic budget deficits that have exacerbated the problems created by the corrupt banking system; and

Thirdly, that European states that are members of the Euro Zone are unable to employ quantative easing to stave off bankruptcy in the way that Britain and the US have done, because they do not have control of their own currency. Quantative easing can only be employed for the relief of Euro Zone states with the co-operation of the German dominated European Central Bank, and the European Central Bank will not co-operate because the German constitution forbids the use of quantative easing. The architects of the post-war German constitution believe that QE will lead to hyper-inflation and will recreate the conditions that allowed the Nazis to attain power in the 1930s.

Therefore, either the Greeks must leave the Euro Zone and having re-instated the Drakma, exercise QE in order to prevent economic collapse, or the Germans will eventually capitulate to pressure and change their constitution so that the European Central bank can exercise QE on behalf of the troubled Euro Zone states. My belief is that the second course of action will be taken. Either way, we should not look too disparagingly at states like Greece, because but for the retention of Sterling, we would be in an identical situation.

The long-term solution is banking reform, outlawing fractional reserve banking in favour of full reserve banking, and for governments to print Fiat money whenever there is a need to expand the money supply, instead of borrowing it from the international banking system. Furthermore, governments should nationalise the clearing banks so that on our behalf, they will have complete control and can directly regulate the money supply.

Sound money, like clean water and electricity, is an essential resource of strategic importance and should be under public control, not placed in the hands of speculators and profiteers.