mentality of "village idiots" as is proscribed to us. There's a reason the Americans and Anglo-Saxon'sbang on about "community", and "communities" -- the last thing they want is for individuals to think andengage as citizens, or as mature, urban people --- thereby organizing and forming united movements.They want us to think and act - as dementedly atomized, stratified and unknowing as the corporateagendas and policies seek to construct us; thereby allowing business to get on with organizing andagitating us into whatever consumer packaging they see fit. Of course, this is the very 'socialengineering' they accuse communists, socialists and all others of badly instigating. Yet, if you go to mosthigh streets, now, across the UK, you see the same generic, characterlessness buildings and frustrationsas cameras depicted under Soviet communism.We are held captive to a system in crisis. Capitalism goes around shifting the 'crisis' from one place toanother; it's never not in crisis. It's hitting Europe, America and Japan now because, collectively, wecan't afford the gas bills. We can't afford them, because growth isn't sustainable, the energy resourcesmaking growth 'real' are finite, we've been living on cheap debt, and the elite are hoarding much of theirmoney away. The West isn't best, it's quite a mess, and we all know it - especially the Anglo-Saxons whohave lead the charge.It's the rise of business power and the decline of political power, and the triumph of consumerism overcitizenship, only now the corporations need the state to save them - to do their bidding - and keep theprivate consumer identity strong, and suffocate the public citizen.
The Bank of International Settlements has got one thing right
Quantitative Easing has reached its limits and cannot help to stimulate economic growth. QE is a bustedflush. But why is the BoIS still pushing the austerity pathway? - it should be obvious that austeritycannot lead to sustained economic growth because there is a demand crisis within every major Westerncapitalist country. The mealy-mouthed statement that the short term pain is worth the long term gainsimply flies in the face of reality - we have been in recession for five years, with little sigh of anysustained and vigorous growth which could have been expected by now. Living standards in mostcapitalist countries are falling for the majority of the population, dramatically so in some Euro Zoneones.To push for 'financial consolidation' at this juncture is irresponsible and probably self-defeating, as ourexperience shows - government debt is still growing, despite, or perhaps because of, Osborne's publicexpenditure cuts. Only fiscal expansion, focused on capital investment, will stimulate the economyenough to start to reduce unemployment, raise living standards, and increase consumer demand.What law of government or economics says central banks must at some point sell the bonds theypurchased with QE money, This system is not your credit card, QE was used to lower interest rates , giveliquidity to banks and lower the interest burden on government debt, and the mortgage market. If everyoverseas investor decides to sell their bonds and rates jumped up ,so what that liquidity is what isneeded ,and the fed has unlimited fiat money to set any rate it wants.