The news today is that the government are going to boost the economy with a cash injection to the UK banks, or are they? Here is the headline in The Guardian today: George Osborne and Mervyn King announce £80bn lending boost
‘The chancellor of the exchequer, George Osborne, and the governor of the Bank of England, Sir Mervyn King, announce new emergency measures to help British banks boost business lending. In the proposal, banks will receive cut-price long-term loans, provided they pass the benefits on to their business customers’
Well if there are any financial wizards out there reading this, maybe you can enlighten me! But firstly where is the £80bn coming from? Is this part of the money that the government are borrowing, as we are already in debt by billions, if not trillions! So are we simply putting more second hand borrowed money into the care of the people who have mishandled it all before – the banks? I heard recently from a media source that even the money that the IMF loan out is borrowed too, so this is going around in never ending circles down the golden plughole of whoever is calling the shots at the top!
When the banks get their hands on this £80bn will they be lending out ten times the £80bn they actually have been lent, as has been the case worldwide so far with all the banks? Why are the banks over here in trouble anyway, I recently heard that people from the failing Euro countries like Greece, Spain etc and even France, are moving their money to British banks, so their coffers must be overflowing with cash at the moment!
Now explain to me please why the money goes to the banks for them to loan it out and take the interest, why are we on this carousel that is getting faster and faster until it finally crashes in a big heap with the British savers and business people being thrown into the air again? History will surely repeat itself with the banks suddenly increasing the interest rates once they have lent the $80bn out, people won’t be able to pay the loans back, so the bankers will, once again, be in there with the bailiffs taking everyone’s assets! Just 'Round 2' of the same sh.t! (And no doubt planned this way!). So beware small businesses and people applying for mortgages, whilst these low interest rates will appear appealing, as if the saintly banks and the even saintlier George Osborne and Mervyn King are helping you out to finally get you onto the stepladder of success, there may be some soap waiting on the top rung to topple you back into the financial pit these people have created!
My solution? Well it’s very simple really. Instead of handing the money over to the banks, just put it into the care of local councils (on a tight reign of course, we want every penny accounted for). This way the councils can give out the loans (like they used to give out mortgages years ago) and that way the interest can be paid back to the councils themselves who will put it right back into circulation to benefit the community they look after, or are supposed to, thereby keeping areas from suffering austerity cuts (In my opinion austerity cuts are a weapon used to bring communities down and prepare the UK to be taken over by the EU diktats totally; Austerity cuts means no business growth as people cannot spend money to keep the businesses running. All the governments since Edward Heath, who was the first to betray the British people, have been busily working to destroy any industry that the UK had and to place contracts into foreign hands, as well as selling off Utility companies and things like the Post Office to foreign corporations, thus bringing the UK to its knees as an independent nation. So all this certainly sounds like we are still on the same EU plan to me. Poor Greece are the guinea pigs for the test for the rest of the world, us included!).
Ok, I’m no expert on finances, but I think they are deliberately making everything sound a lot more complicated than it is, because there has been some very dodgy dealings with the banks with the support of the world governments. In fact every time good old Mr Mervyn King prints money he puts another nail in the UK’s coffin as a Sovereign State, then he hangs his head in despair as if it say he just doesn’t know what to do to save us! Well Mr King, act sincere, even if you have to fake it! He knows every time he prints money it hits the ordinary man and woman in the street big time, making the cost of living fly through the roof! So come on you guys out there, get your thinking caps on and offer some solutions! This government, hand in glove with the EU and all the other wonderful EU and Single Global Government supporting leaders, have got us into this mess on purpose, to support their aim of total Global power. Final thought - so which bank actually holds the £10 that was lent out in the first place over and over and over again until it become a debt of trillions! Like Richard Littlejohn of the Daily Mail says ‘You couldn't make it up!’