Gordon Brown is Mortgaging the Future

ECONOMIC FOOL IS ECONOMIC WITH THE TRUTH

[picture deleted]

This is a great captioned pic from the satirical magazine Private Eye.

Not only does it summarise the position viz politicians and the public, it also shows perfectly the future of England --- in soooo many ways!

If I'm going to be in debt for years to come and my children's future has been mortgaged to the financiers - may I ask why the billions given to the banks weren't handed out to us, the poor sods who will pay, so that we could save/spend it into the various banks via our accounts?

It would end up in the same place[s] and revive the economy. And at least we would have enough money to buy enough booze* to drown our sorrows when the tax rates rise (*this offer does not apply in Scotland).

Or:

• Would it make people realise how much money has been borrowed at interest and get us worrying?
• Is the money that we will have to pay back, at interest, with real hard-earned taxable income replacing nothing more than meaningless entries in ledgers and on pc screens?

Perhaps an egg-head or bookworm out there will advise (perhaps one who doesn't mind being called an egg-head or bookworm!).

Whilst they're at it, perhaps they might explain why a government has to borrow money, at interest, from a bank to bail-out other banks. So we pay to rescue banks - and another bank profits??? Zoiks! Why can't the government simply create its own money?

Is this the Emperors New Clothes for the 21st Century?

Is this the economic version of the "War on Terror," the "Holocaust Industry," Global Warming etc.? i.e. that the lies are so big that everyone is fearful of raising doubts without being dismissed as cranks, extremists or both.