Booming Bust ...... A Growth Industry fueled by Profit/Money for Nothing and Ponzi Servers*
With particular regard to the motor industry and the hundreds of thousands of unsold stock units parked in vast and fast depreciating fields/holding pens ..... an expensive expansive sea of yesterday models, would you buy one of them?
To do so means that both present and future labour production is penalised and the same collapse cycle perpetuated/maintained.
And have you considered that currency is a manufactured manufacturing vehicle which when wisely distributed to smarter spenders rather than delivered to blinged bankers, would energise industry with its leading purchases which would encourage production of improved replacement models for future clients. Nowadays, with consumers getting smarter quicker and gaining more global knowledge, is more of the same overpriced* goods, a thing of the past.
Banks and bankers are a problem, because they are stupidly designed to create and imprison one and all with debt rather than liberate and nurture one with imaginative credit.
And as the system, which is in catastrophic spiralling meltdown, has not been changed at all, but rather it, the system, [and that would be personalised and have to be attributed to whomever would be responsible and accountable and recognised as the system's administrators] thought to invent and introduce conspicuous free liquidity/untold wealth from nowhere/quantitatively eased monopoly money, and deposit it with itself, those self same institutional zeroes who are/have been the Root Cause of the Great Global Problem ...... in essence, the active creators of all present chaos and dysfunction with inventive debt perpetration/fiscal and monetary imprisonment of the human spirit* ..... is it destined/fated to continue apace at an accelerated rate, but ever more accurately targeted and sustained against the problem's root cause.
* Anything which has profit added to cost is overpriced, by vicious virtue of the fact that profit is an arbitrary sum added to generate higher costs in a higher price to generate money for nothing, and will create an artificial hyperinflationary bubble which will eventually burst catastrophically with the base realisation of the fundamental folly.
And when wealth can be generated from nothing, why is debt created rather than credit given?
Is it to give crippling powers to those who control money supply, for as we now all know, making money is easy whenever it is printed paper? But whenever it is not backed up with an Viable Intellectual Property supply, is it as a hopeless Junkie chasing a Dragon for a Reality Hit.
Methinks the Indisputable and Abiding Powerful Control of Words and Common Sense will always Trump the Fleeting and Artificial Controlling Power of Goods and Phoney Profit.
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David McLeman
Tim Worstall
Chris Mellor
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