Man in a Shed: The new Brownie mantra "first financial crisis of the global age"

Saturday, January 31, 2009

The new Brownie mantra "first financial crisis of the global age"

Does he really expect anyone to buy that ? Well I guess given how badly Labour have failed in education perhaps he does.

The man is either insane or a pathological liar - or maybe both.

PS The "No clear map" comment contradicts what he's said before about doing the right thing this time, and also shows he has no idea of what will work but will sell us all into debt slavery anyway.

2 comments:

Rachel Joyce said...: I've coined a new phrase for what he is doing - "debt-onomics".; 8:12 am
Gary Baumgarten said...: We'll be discussing the global financial crisis on News Talk Online on Paltalk.com at 5 PM New York time Monday February 2.

Please go to http://www.garybaumgarten.com to join in the conversation.

Thanks,

Gary; 5:32 pm

Post a Comment

The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman