Sunday, 21 November 2010

Eye watering debts that linger on from the last Xmas Credit Binge

Far be it from me to say I told you so

Yep! It’s not just booze we’re bingeing on, it’s quite clear to anyone with an ounce of cokum that mostly things always get worse before they get better and economic activity has cycles, as bust follows booooom! So the fact that a General Election came along together with what now appears to be a risible attempt to fool all the people all the time. Which to some extent ameliorated the worst effects of the credit disaster, is probably the most significant factor of the last eighteen months of staggering from forecasts of eternal doom to a degree of sanity once more.

  Though why Dave & Co., continue to act like a bunch of scaredy cats every time anyone dares to challenge their way of deceiving the masses is quite distressing. It’s probably on account of this don’t scare the natives with talk of real world statistics mentality, amongst our present Masters of the Universe. Never before in the fiscal history of this United Kingdom has money been poured into the economy in such alarming proportion. Not real money I might add, funny money the stuff you can shuffle about playing Monopoly. Coloured pieces of paper embellished with fancy figures, run off on a printing press.

  In addition, it’s not clear yet how long it might take for this huge bounty to work its way through the system. But this it has to do so, before we can get back to reality. Mainly it was done in the first place to try and lull the generation who got us into this mess, with their bid for Nirvana (on the strength of their 2.00in x 3.25in pieces of plastic) into a sense of false security and persuade them to vote for more of the same.

  Patently it failed to do the trick, but in its wake it left a huge legacy of deceit and double dealing, the like of which was never before perpetrated on an entire generation. The most appalling thing is that the people who inspired this almighty confidence trick have been allowed to walk away scot-free and amass huge fortunes with even more trickery and legerdemain.

  They are the bunco artistes of this lost generation who will have to go on paying for years in much the same way as over two million are still paying off the debts of last year’s Xmas bingeing, twelve months on. It also beggars belief that it can take so long for the lessons to sink in and you begin to wonder just what it takes to make it sink in.

  It’s this sense of false security that is the most troubling. When! Oh when! Will we get a bit of commonsense and reality injected into the equation without the squealing chorus from the plonkers who caused all this mayhem trying to shift the balance of probabilities by their usual tactic of screaming equality and diversity at every opportunity. I was appalled to see the way Dave was jumping up and down and it made me wonder what really goes on his head.

  One minute Dave is claiming to be a Eurosceptic and the next minute he’s chucking our money about like a confetti-sprinkling Eurocrat in overdrive. Is he losing his marbles? Has the power gone to his head? For to all intent and purpose, it’s looking like a visit to Brussels has been enough to make him go native and that’s the last thing we need in present circumstances. It’s time to call the referendum we’re all lusting for Dave, before the men in dark suits come calling.

Watch this space, I’ll be back!

Tom

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