British Bank Bailout: Why It Will Fail, Offshore Havens, Rich Stealing Everything – How To Solve The Credit Crunch, And Why You Must Wake Up.
The bank bail outs will fail for a simple reason. Their intention is to get lending flowing again. Unfortunately markets have inherent innefficiencies and one of them is the corporation. The corporation is selfish. The bail out money being used by stronger banks is being used to consolidate and expand portfolio’s whilst offloading toxic assets to the government – and ultimately you. Meanwhile neither you nor your employer are finding easier access to money. Why? Because you are a bad credit risk. The bank has been saved but you are still stuffed.
The efficient route to solve this issue would have involved two steps:
STEP 1) For the last twenty five years huge sums of wealth have moved beyond any scrutiny. The wealth of the wealthy is underestimated and the discrepancy with the poor understated. Tax havens such as Panama – where it is illegal to ask who owns a company – are used by the British Crown and all other super wealthy people and organisations. This tax avoidance has resulted in a redistribution of wealth from the rich to the poor and from the government to the corporation. This is the only reason the differential has worsened constantly and considerably and why governments are bust.
This redistribution has to be reversed. All offshore havens should be subjected to international law to reveal the ultimate owners of all assets immediately. After collating the account data, identified persons with an excess of $10 million liquid assets or greater should be subjected to a progressive taxation of liquid assets starting at 50% and rising to 99% at $100 million. This would raise a one off tax levy in the trillions of dollars. Anyone caught avoiding or aiding persons in avoiding the incorporation of their assets and income into the tax base in any way must get a mandatory 10 year gaol sentence with no luxury.
STEP 2) Redistributing this revenue by writing down all debt on a progressive basis of individuals and businesses would achieve:
a) Allowing people to stay in their homes, feel secure and participate in the economy.
b) Revalue the toxic securities immediately – even the most toxic would be almost fully paid down by the debt write off payments and restored to 100% value.
c) Restore banking confidence, support underlying asset markets including bonds, stocks and commodities.
d) Facilitate banks to lend to business in moderation.
e) Keep small, medium and large businesses in operation whilst allowing a slow re-structuring of innefficient business over time.
f) Not leave the government – and ultimately you – with huge debts.
g) Not increase the money supply leading to inflationary pressures and bubble effects.
This will not happen because the actual plan of the people making the decisions leading to government action is to enrich the banks, collapse the middle classes, tread down the poor and consolidate global power over energy, communications, food and information – through the consolidated banks.
Such an integration of industry and government is called national socialism, or fascism. It is a dangerous beast. Especially when the public government is merely a puppet of the real government, which is the case unless you live in one of a very few places on Earth.
The way out is to take sovereignty over your life. Learn to meditate, centre yourself, then take right action. Reduce spending, pay debts, then whilst stocks remain on shelves buy those things you can grow, eat, barter or use to survive and defend yourslef if the system is deliberately collapsed in order to fully wrench all semblance of freedom from your life.
Liberty will prevail and tyrrany will fall because they are few and we are multitude. Wake up.