I wrote yesterday about the economic situation and the problems that afflict us. It seems to me that there are a number of logical conclusions that you can draw from the present economic position that exists in the world and following those conclusions only certain behaviour is rational. Here are the premises:-
- Banks are untrustworthy. It is unwise to deposit more of your money in a bank than absolutely necessary. Therefore deposit only money that you wish to withdraw within the next month and which you can afford to lose.
- Currencies are untrustworthy. The euro is in a mess and there seems to be a great deal of suspicious activity by governments in relation to currency. They are printing more and ultimately if they can they will devalue currency, which acts as a tax on savings and a boost on borrowed money which is put to good use.Inflation is the thief of savings.
- Taxes are likely to rise in so far as those who pay taxes now are concerned. Also it seems that governments will try to dream up new taxes or variations on old taxes. Wealth will likely be taxed at greater levels than they are now as governments try to bridge the gap between what they raise from taxation and what they spend.
- If you save your savings will be gambled by the institution with which you save. You may win, but like all gambles you will most likely lose. The Bank, as bookmaker, will rarely lose but when it does it will lose big and go bust.
What then is logical behaviour?
- Buy useful assets. It is better to buy assets which you need or will need or will enjoy than lose your money in the bank. Remember “wealth” may be taxed but you will be able to buy things that do not constitute wealth and which are useful to you.
- Do not borrow more than you can sensibly repay.
- If you buy stocks and shares then beware of cash rich companies sitting on piles in tax havens. Sooner or later and in one form or another the chickens will come home to roost. Better buy shares in companies that make things that people need.
Filed under: climate change Tagged: | banks, gambling, inflation
In a nut shell all the confusions in one essay Robert.
The only thing you missed out here is the wherewithall with which to gain the assets, Namely Skills.
Money.
Who does it actually belong to, define the word belong and we will see it is only being lent, borrowed upon your abilities, IE what skills you aquire throughout ones life time that is worth the most to those basically asking you to work that little bit harder, so the ones loaning you something out of thin air as we stand to take all your toil.
The physical cash in circulation, IE paper dollars that you can physically touch is currently sitting at around 4% cash, as we travel into a cashless society the worse thing are going to be, because where we were before everyone had a choice where they put these paper promises, now we don’t have the wider choice and reley upon the electronic batton at the end of every month and the net is tightening and families are now three car family units, mother sons and daughter deeper in debt and treading water and the spring tide is due.
The penultimate hammer of control is almost upon us and as the false paper printouts continue the less the overall common, base and popular are going to have for themselves, take a look around us and what we all walk upon and see for the real answers.
The way out is a physical model like the Mormon term, put your shoulder to the wheel and push along, But a wheel of your own making to carry you to the realisation of self pelf without the funny money and a reliance upon each other…. If we decentralise we would decriminalise the false freedoms we are being sold, and take back the money from the money lenders by cancelling all debts in order of starting again, sort of a modern feudalism but with everyone busy working for themselves.
Nationalise all major industries immediately and make them work, like it counted.
Sack the paradigm Iceland style and begin to re-skill which is the most important passtime, here the current paradigm are farming out and removing our skills and other labours in a global slavery auction and we are the livestock.
A quick sharp shock for all those at the top middle and bottom and then fire up the imagination model before its too late.
In these inforamation gathering minuites will we all reveal who we really are and what we do, those who are still carrying their fears in their bags stay silent.
Wrong thing to do, face ones fears and do that which we know is right.
Again this and all modern governments are hung out to dry today, now is the time to buy a Volvo, the electronic batton is now cloud based and could also be used for good in quick time.
Now is the time, boycott the greed and prosper by coming together.
Not quite citizen Smith, but a collective of the right articifers from the bottom up are waiting right now.
Mind over matter over money, or a continual madness in a false paradice will out.