johnny9fingers: (Default)
I post a quote from 'Unman, Wittering, and Zigo'.

"Authority is a necessary evil, and every bit as evil as it is necessary."

This is because folk, en masse, are pretty damn stupid: however clever they appear to be as individuals.



Anyway, back to the real world and the budget.

Richard Koo, chief economist at the Nomura Research Institute, said on last night's 'Newsnight' that the Coalition budget was "poorly timed, given our own experience in Japan....You never want to cut the budget deficit when the private sector is de-leveraging."

www.bbc.co.uk/iplayer/newsnight 
28:10 mins into Wednesday's programme. There's more if you want to view it.

George Osborne, possibly one of the great geniuses of our time....but probably not really. First we bail out the financial sector, because the whole edifice of capitalism looks to be crumbling. Then we bend over to let them fuck us in the ass by paying for their bailout with our social services, because the markets won't stand our levels of debt: debt that we got into by bailing them out. It may just be time to line these wankers bankers up against  a wall and shoot them.

If we 'double-dip' it will be the Coalition's fault.
And we will blame them.
For a long time.

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johnny9fingers

June 2021

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