Friday 24 June 2011

Too Obvious?

Not being a financial genius, I wonder if things are as they seem or if that is too obvious? It strikes me that we have a populous in the UK that is increasingly fed answers not educated in the basics and thus able to make their own decisions. An example of this is the deletion of proper science from the curriculum and its replacement with pure propaganda about global warming. It is fed to children as a fact and they a) expect to be told the truth and b) lack the wherewithal to judge the veracity of what they are told. I once asked a physics teacher if you could effectively look back in time by viewing light obliquely, where it would appear to be travelling more slowly as do trains thus viewed. Similar to the Doppler effect, I suppose. He at least had to go away and discuss it with colleagues before coming back with a 'no'. I wonder if such challenges are encouraged today, or if such subjects are even considered?

Anyway, to finances. Greece seems to have succumbed to the Sirens for too long and is a basket case. The people don't like the idea of austerity but haven't suggested an alternative, just a cry of 'don't'. If Greece is allowed out of the eurozone it sets a precedent and suggests the EU is not infallible, which is a heresy. So we get Labour MP's, like the one on QT last night (apparently an economist) who talks eminent sense about Greece needing to grow her economy and export her way out of the crisis. Spot on, but then ideology disables her and she doesn't reach the logical conclusion that they devalue their currency (something they cannot do in the eurozone), but that they should borrow more to do it. Absolute madness, but the only way you can square the circle and comply with ideology, which the Left always put before all else. Naturally the Lib Dems are in the same trap, but are even more inexperienced at living up to their statements than Labour are, hence the constant abuse they are getting currently. But the audience miss the logic and lap up what they are told. Would they borrow more to get themselves out of debt?

Last night on QT again, a fireman said that he didn't want to have to pay more into his pension, he already pays 11% he said. Cue audience applause, as generally the left-packed QT audience don't want cuts and this self-serving cant seems to be infecting normal people too. But the problem is, the fireman doesn't want the level of payout his 11% affords him, he wants the level he was 'promised', which is way above what he is funding. This lack of basic understanding is what supports the Labour led shouts for no cuts, no increase in pension contributions. (We perhaps could feel more sympathy if much of this woe wasn't due to Labour in the first place). To me it is clear, having a population that must retire at deaths door doesn't make us an advanced society. A good few years of healthy and active retirement would be a decent way for all workers to end their days. Not rich, but comfortable. Why can we not do this? Because we recklessly spend on other, much less important things and to be honest, just waste a lot too. And by We I mean Britain and by that of course, I mean the government. Whilst every other week bin collection becomes a fixation of government and people, due to the money available, we are pumping money in 'aid' to a variety of undeserving causes abroad at an accelerated rate. Why is India a recipient of aid? It is currently looking to spend $100 billion on fighter jets. It has a space programme, nuclear technology and is a rapidly growing economy. Aid to African countries, whilst often a better target is handed to the 'President' who then, by strange coincidence acquires new personal jets, limousines and houses. We have pumped trillions of dollars from the West into African projects to save lives and feed the starving over the last 50 years. What would you say the result is? A much better continent, with peace and harmony? No, it is still the pit it was, but now with a few very rich people who are better able to rob their countries. Why must we keep banging our head on the wall?

And government does too many things, with too many people that we just do not need them, nor want them to do. The Quango's are the most obvious method of the implementation of these daft constructs and activities. They show up key areas of government being busy, but doing nothing (except consuming taxes that could and should go elsewhere). If we are under the rule of the EU, what is Westminster (let alone the Mickey Mouse Scottish and Welsh Houses) for? If we are a sovereign nation, then why do we do what a bunch of deranged foreigners tell us and why the hell do we give them so much money?

Of course, no such analysis can avoid mentioning the political scam of the far left that is climate change. Make no mistake, this is a political project to destroy capitalism and nothing else. It has no logic in science, but is designed to cause a massive disturbance to the Western economies by causing them to distrust the energy used in their methods of production. The enormous cost of this pointless effort is the easiest way to not only cut back on our expenditure but also grow our real economy. (By all means incentivise industry to combat pollution, which is  in need of some effort, thus promoting industry and technological innovation).

Smaller government means people can get on with their lives without constantly bumping into bureaucracy and its rules, all a result of them existing, allowing us to spend our own money, which we have more of due to lower taxes, on what we want to spend it on, growing the economy. African countries learn to rely on their people to develop and trade with the richer countries rather than just holding a hand out and keeping despots rich. And the dear old EU. A desperate attempt by the French to at last rule Europe under the Code Napoleon that has been denied them for so long. And it looks like this one is going to fail too. But you have to admit, as proof of the stupidity of the political class it is a good one. It has taken a very long time for a bad idea to be seen as a bad idea.

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