Tuesday, May 24, 2016

Austerity = Privitization Of Everything

Here's the latest scam taking hold in the UK:

Almost everyone who gives the matter serious thought agrees that George Osborne and David Cameron want to reshape Britain. The spending cuts, the upending of the NHS, even this month’s near-miss over the BBC: signs lie everywhere of how this will be a decade, maybe more, of massive change. Yet even now it is little understood just how far Britain might shift – and in which direction.

Take austerity, the word that will define this government. Even its most astute critics commit two basic errors. The first is to assume that it boils down to spending cuts and tax rises. The second is to believe that all this is meant to reduce how much the country is borrowing. What such commonplaces do is reduce austerity to a technical, reversible project. Were it really so simple all we would need to do is turn the spending taps back on and wash away all traces of Osbornomics.

Austerity is far bigger than that: it is a project irreversibly to transfer wealth from the poorest to the richest. It’s doing the job very nicely: while the typical British worker is still earning less after inflation than he or she was before the banking crash, the number of UK-based billionaires has nearly quadrupled since 2009. Even while he slashes benefits, Osborne is deep into a programme to hand over much of what is still owned by the British public to the wealthiest.

You can read the rest @
http://www.theguardian.com/commentisfree/2016/may/24/austerity-cuts-privatising-george-osborne-britain-assets

This is worth watching closely, because the very same thing is gaining momentum in the US. There is absolutely no way we will EVER pay down our massive debt, and eventually the bankers are going to demand we turn over everything we collectively own.

Hillary claims that Trump will bankrupt the US. We already are on the verge of bankruptcy, and it's because of spending authorized by Senators like Hillary and benefiting the billionaires who are supporting her campaign. Trump had nothing to do with it.

Make no mistake - we are broke, and we too soon shall be "privatized" into poverty.

Thomas Jefferson never wrote or uttered this sentence which often is attributed to him, but truer words have seldom been spoken:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

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