Things you may want to change

Some of Geoffrey's thoughts on topics of broad interest today

These are excerpts from responses to BBC blogs’ and others given over the last few years you may also wish to enter the debate on topics at Geoffrey's blog
If you wish to make comment on the books or anything else please go to HAVE YOUR SAY in the menu bar. The first piece below was written in a blog in October 2008 what change?

Irrespective of whether you agree or disagree with my thesis. they are debates into which all should have an input for it will continue to affect our lives and our childrens lives for years to come

Who rescues the banks next time?

The banks are too big and there are too few, by hundreds, especially in the mortgage and business loans markets for competition to play a regulative part. The banks therefore have no interest in the greater economy only their own short term position.
The regulator is too weak with no fixed policy and no clout fines are derisory often ignored by the banks and laughed at because they make more money ignoring the regulator and occasionally having to pay out to customers when forced by the FSA

They are ripping the citizen off far faster than the regulator is touching them it’s a joke.

Are the worst bank losses behind us certainly for the time being the citizens tax will take care of that for the next cycle but oh when 2020 or 2032 comes what a disaster then for us all especially in the western world - catastrophic. Though we could with strong regulation and policicy setting prevent the collapse that will stack up for the recession that will hit us agin then

For now the tax payer’s money has gone to writing of toxic debts the vast amount of excessive debt balancing and the 'wicked' practice of debt selling.

When will we get it back you ask answer never because it will come from the tax payer and go back to the government the tax payer will suffer through it all and the only beneficiaries will be civil servants who will keep jobs that could otherwise not have been afforded.

 Meanwhile bankers will continue to make disproportionate money widening the poverty gap considerably until they realise to late what Henry Ford hinted at a hundred years ago that for growing economies to work every one who works in the business/society should be able to afford to buy without credit what the society produces.

One way or another you have to get the average house price to being no more than four times average salary and maintain that ratio for the entire population for a healthy economy to grow get outside that ratio we are in trouble and will stay there.

Oh and the answer to the question 'who pays?' well please arrange these letters into a politicians popular word…..O.U.Y.

What type of political world is sustainable?

Problem is when it comes to economics there’s too much garbage talked in an elitist language that no two of the millions of experts (economists) world wide can agree on. When it comes to social concerns there’s too much taken for granted little is researched and gut action rules. This has brought about the situation that not only nationally but globally we are simply in a mess. We are out of money and indebt to someone else not only individually to financiers but to each others nations.  Unless we have a cheap labour supply we are internationally out of work, our greed and expectation of instant reward make us out of patience; unless we can sustain a false economy we are out of taxes to pay for the false jobs. Unless we can sustain artificial markets and perceived values we are out of our homes and we are out of ideas, now why do I say that?
Because if we had any ideas we would be discussing those as a way forward as opposed to bickering on and on about the politicians and the bankers who got us here.

That socialist policy creates, policies which fail to deliver a sustainable income funded model. So its well intentioned policy leads as it always has to deprivation and social unrest through economic collapse in a pile of unaffordable debt.
No doubt as usual leaving it for someone else to do the unpopular job of clearing up the mess

I feel the conduct of our leaders, public, private and political has since 1998 been a disgrace to society and they need to be seriously retrained in what they are supposed to be doing and reminding that they are doing it for: - the public, customers, voters, stakeholders and society they represent.

Sadly nothing will happen so let’s decide on a bright new future with new objectives and management new ideas new concepts a big change.  Fine – great, however before we do remember this - the people who brought us to this position did so because we let them do it we condoned it by voting, agreeing or turning a blind eye and we never wrote in and complained before they got caught out we lived off the crumbs from their table applauding the greedy and selfish for the larger crumbs they gave us with the hand that wasn’t robbing us blind.

We have to decide what we want in the future because what we have had in the past will not work any longer in a globalising economy. If we repeat pre-recession policy eventually we will be back here again before the next cycle is over.
So what are some of the issues that need to be decided because almost any model will work in some respect or another for a period of time the trick is in finding one which can suit the majority without disenfranchise the minority at either end of the scale? How can we create a long term sustainable economy that is in demand by the rest of the world and develops the market place which allows everyone the opportunity to attain and maintain a comfortable and rewarding life without fear of loosing it to the greed of others

National economy V Global economy
Free world trade V protectionism
Personal greed V caring community

Government has no money the services jobs defences heath welfare education is paid for by each and every one of us when we demand a new hospital we each and every one pays for it. Ask for more police and every one pays for it. The free education we cherish is paid for by us all and if we don’t pay for it today we will by hook or by crook pay for it through our taxes one day. Further the taxpayers are not an elite club of highly paid people giving 50 % of the income neither to balance out the wealth of the nation nor to help the money go round.

Every one in the country pays taxes including the travellers, the children at school and the 90 year old in their nursing home.
So don’t think that the 20 to 65 year olds in a job or running a company are the tax payers referred to by journalist  when it comes to bailouts etc because tax is not just income tax in fact the retired, the school child and many on benefits and low paid work pay a far larger proportion of their income out in taxes than the rest of us do.

Problem is this  if we are not happy about where we are now it is the processes, greed over spend, wasteful and unscrupulous budgeting for winning votes, false market building and debts counted as  assets  of the  past that got us here. We have to start doing things differently if we want the future to be different and if we are not happy; then now is the time to seek to guide our representatives to finding a better way time to think of our collective society future because the culture of me first and reverence of greed has failed us as a society as a nation and as  a world civilisation and as yet theirs little to say it will get better or that any government  fiscal policy or philosophy has the answer because they are all built on adversary
The answer will only come when the will to accept the answer has been reached and without some real vision and realignment of our perspective. For most that point is, as far away as it was a millennium ago

The Question is - can the world survive until the civilisation that inhabits it comes to the answer for sustaining harmonious life at all levels not short term solutions for each generations own dubious gratification.


advert one

'I believe that banking institutions are more dangerous to our liberties than standing armies.
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 the banks
 will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'

Thomas Jefferson 1802

advert two