Wednesday, 22 January 2014

Economic fraud

Tying up earlier threads, here are as many examples as I can think of of governments making policies not for you and me, the majority, but minority vested interests, and if anyone else benefits it's only a coincidence as a passing benefit.

Low interest rates: Who gets to borrow at 0.5%, only banks, so by following qui bono, who benefits, this is solely to keep banks afloat and borrow for almost nothing and pay back almost nothing on their currently huge debts. The government also pay base rate so that goes for them as well. Around 70% of the people are net savers (including all pensioners as that is behind their pension rate as well) so that formula speaks for itself, we suffer for the benefit of banks.

Managed inflation: Believe them or not, inflation is a bad thing, always was and always will be. Like a fever our body needs to be a certain optimum temperature, as does the economy. Inflation is a fever, and who benefits from an economic fever? Borrowers, as the amount they borrowed is worth less. But look to the post above and you will see they are a minority, so by setting a target of 2% or any other positive rate of inflation the government deliberately want to skim 2% off the wealth of all its citizens who are not engaged in the sort of shady business which requires false growth through inflation to help it along.

Fake growth: Yes, Britain is growing again, but only because they include fake figures in it, ie inflation, borrowing and government spending. Yes, people will look taller in a photo if they stand on a box, but whether or not you can see it in the photo itself it is not really making them taller. Only increased capital, ie manufacturing, added value and infrastructure can grow an economy in reality, everything else is froth and the very fact they blatantly include it while all economists know the difference is to con the public to believe they are doing a good job and will vote for them again.

Immigration: Who benefits from immigration besides the immigrants, if economic (who most currently are) it means their country is in a dire state so who wouldn't work in a successful country especially when they can't even find work in their own? So the country spends hundreds of years building itself up since the industrial revolution, and then unlike most other developed countries opens its doors to nearly everyone and shows no sign or wish to reduce the number. Then besides the false accusations of racism (as many who oppose immigration are from all races besides white British) they pretend we need the workers and activity. But despite more pensioners living longer, most immigrants are not short term visitors but settle here and most remain for life. And what happens then, they get old as well so simply shift the present issue to the future when we'll have even more pensioners. But most immigrants from poor countries also vote Labour, so Labour opened the doors, and councils all get tax per head, so pack tighter and tighter densities 'as if they were getting the money themselves'. I say this but the fact so many do it implies there must be a very good reason for doing so, you can work out conclusions for yourself.

Of course there are only so many jobs vacant at any point in time, so if 250,000 new people arrive each year or so and the vacancies remain the same the result is obvious. But as currently they can get benefits if they can't find a job (which they generally won't much back home) why should they worry either way? But overall nothing besides the old policy from the 80s and before, which is still operated in many other countries today, of selective immigration up to an annual limit the country can cope with (you can't build new hospitals and schools to keep up otherwise etc) plus genuine refugees, will keep the economy from distortion from unpredictable and erratic workforces, and downward trend on wages due to increased supply of workers, especially unskilled who always make up the majority. Not to mention the local tension created of pockets of transposed towns and villages from elsewhere who often stick together and won't even learn English in many cases. But economically alone immigration should be selective and calculated not virtually at will. It is nowhere near as simple as the other issues here as it is a physical rather than economic issue directly, but with some very clear economic results, none of which are beneficial in total unless managed very specifically.

High house prices: Of course I have mentioned this as the flagship symptom of a growing decline to third world status. Unless you own more properties than the ones you live in you suffer from rising house prices, as Britain has gone from around the average house costing 3X average income to 10X. If you can't afford to buy a house then what else is worth having instead? Only property dealers profit, of course including banks, church authorities, property companies and investment companies, plus the new trick of foreign money launderers buying houses in London as no questions are asked and they get around 10% interest a year profit on average which forces the rest up accordingly. Everyone else sees their fixed income getting less and less as a result, and is the highest (but unrecorded) cause of inflation there is.

Taxing essentials: Direct taxation on fuel and energy, which in Britain is some of the highest in the world, means as everyone needs to be the same temperature (ask a doctor) they can't choose to turn the heating down, and as they all need the same minimum calorie intake the same goes for cutting down on food. Tax those and the poor then have less left over for everything else as we all need to eat and keep warm. So governments who tax fuel and energy when otherwise they would be affordable may as well be picking off a percentage of old and poor people by decree to die each year whether they do it directly or indirectly, as the results are known to kill thousands a year unnecessarily, as without the tax petrol at the very least would cost a fraction as much, and also free up billions back to the economy as transport costs would no longer be passed on to retailers as well as the direct costs to all users, public and private.

High income tax: This is a crime. Not by law as theft is legal when carried out officially, however hard someone has worked to rise a head and shoulders above their peers, their money represents longer at college, longer at work or more risks, or a combination of all three, assuming they acquired it legally which is another issue entirely. The incredibly simple and tested law of diminishing returns demonstrates after 50% then the total take reduces accordingly, so when Britain charged 98% in the 70s, and France just started with 75% for the top bracket, they already know the take will reduce for that band, and it is only a jealous and evil natured punishment, and discouragement to remain in the country. The combination of leaving, working less and hiding the money guarantees the state get less the more they tax above 50%, meaning they know they actually collect less and everyone else must pay even more, so why do it?

Carbon credits: This latest trick in the diverse portfolio of theft by stealth is the one example which is a proven crime, as they were created by Enron, used for a few years, and tried as a major fraud against the investors who actually believed buying future profits for energy sales and use could be predicted a year or more in advance, and used to present a healthy picture of profit to invest in a winning company. Except they were created to hide a massive hole in finances, and by the time the hole was filled and profits returned from legitimate trading, the interest generated by nothing, ie their alternative investment option of false assets attracted so much new money that became their main source of income until someone spotted it and it finally came to an end. Not content with creating such a repugnant illusion, before they were eventually busted the CEO Ken Lay met Bill Clinton and Al Gore, and they adopted it as the major weapon to gain even more money in the same way, in the guise of saving global warming, which has now made Al Gore a billionaire by paying his own company credits, proving my point. Meanwhile a decade or more after these taxes have been in place the CO2 they were claimed to reduce has continued rising at the same rate it has since they found it was, but the failure of the actual aim of the tax has never deterred a single country from continuing and increasing it, telling the people it was clearly too low so didn't work. And if people believe it it will continue rising forever while CO2 follows.

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