Comments on: QE 2 – An alternative to bailing out the banks again https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/ Author of THE DEBT GENERATION Thu, 06 May 2021 15:03:11 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1288 Tue, 26 Oct 2010 09:18:16 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1288 ozzydave,

In my opinion there is little doubt that both governments and business are taking this opportunity to destroy welfare and radically reduce expectations. And they are doing it because they have surrendered long ago to the idea that there can be no alternative to a free-market push to the lowest costs.

Back as far as '96 I spoke to some very senior corporate people who made it clear that in their minds welfare was unsustainable and pension in particular would have to be massively cut. This was being briefed to the US State dept by quite a senoir person I spoke to, within one oF Washinton's most powerful think tanks around '01.

One does not have to imagine conspiracies. It is rather a clear and open logic which is just not made explicit. If you want to see the traces of who and how look up Peter Sutherland and look at the trail of connections. He is typical of a cadre of people. Look at his career through law, government, finance and GATT/WTO.

I cannot stress what a major change the passing of the Uruguay round of Gatt was. Sutherland was it's godfather. 1994 was when we all gave away our sovereignty.

]]> By: ozzydave https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1286 Tue, 26 Oct 2010 06:44:41 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1286 given that the further bail outs will happen, at the expense of the economy (in each particpating nation), are we seeing the purposeful destruction of govt social/welfare/public spending in order to align us with China? Thus creating a more 'level playing field' for corporations to squeeze the next n rounds of 'growth' from?

if not, does anyone have an opinion on what exactly the underlying agenda is here?

thanks in advance for any input anyone can offer.

]]> By: DopeAddict https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1246 Tue, 19 Oct 2010 21:55:31 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1246 Testa — what 24k said. Giving money away would achieve certain worthwhile goals in the short term, but investing in the future of the country & the people (education, green energy, green transport) puts money in people's pockets, gives something of value to society *and* gives people hope for the future because they have a j-o-b.

A simple cash award is something govts do right before an election. It makes people happy but helps no one in the long run.

]]> By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1241 Tue, 19 Oct 2010 18:35:01 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1241 Sometimes it is those little details in a story which give it all its meaning!

]]> By: 24K https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1238 Tue, 19 Oct 2010 17:18:54 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1238 http://uk.news.yahoo.com/21/20101019/tuk-woman-who-put-cat-in-bin-fined250-6323e80.html

Notice it says ex-banker, when she did what she did she was a banker and if you've seen the video the first thing she does is look left and right.

She knew what she was doing, and i bet all the other bankers looked left and right before they dumped their metaphorical cats in the bin.

]]> By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1236 Tue, 19 Oct 2010 16:48:02 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1236 Steady 24K steady.

]]> By: 24K https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1233 Tue, 19 Oct 2010 16:31:47 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1233 I would use the last 7 billion to set up youth projects for the yute & yute (kids) to be creative and learn to express themselves in ways other than Medal of Honour.

Music
Art
Martial Arts
Theatre
Dance
Comedy

And anything else that could light the soul of the children with bleak outlooks and stop the cycle of ignorance dead in it's tracks.

Maybe other people would make songs about QE then too…

http://www.youtube.com/watch?v=6mhZKgwOYPE

Or at least they'd know how to snap the necks of bankers cleanly.

]]> By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1228 Tue, 19 Oct 2010 09:54:04 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1228 Hello Cleo,

Timing was rather grating wasn't it.

Testa WHAT! You can't go giving 'ordinary' people free money! You have to give it to banker and people who know what to do with it.

]]> By: Testa https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1227 Tue, 19 Oct 2010 09:11:05 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1227 Could just give every man women and child 1,5K tax free in Vouchers or something.

]]> By: gorgeous cleo https://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1226 Tue, 19 Oct 2010 08:41:41 +0000 http://www.golemxiv.co.uk/2010/10/qe-2-an-alternative-to-bailing-out-the-banks-again/#comment-1226 That's a beautifully argued and eminently sensible suggestion from you as ever. But to hear that funding for social housing is to be cut by 50% makes me want to shriek!

See you in Lancaster!

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