Westonman wrote:
Austerity explained:
Quote:
"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of the government applied by a central power of wealth under leading financiers. These truths are well known among our principal men, who are now engaged in forming an imperialism to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus, by discrete action, we can secure for ourselves that which has been so well planned and so successfully accomplished." --
Montagu Norman, Governor of The Bank Of England, addressing the United States Bankers' Association, New York, 1924.
Good find Westonman.... This one statement describes the economics of today down to a T and highlights the fact that 99% of politicians are shall we say economical with the truth of things.
I have been saying this for years and the fact that the housing market has been rigged to allow:
A. People's wishes to jump on a bandwagon to make money for themselves, keeps their eyes off the bigger picture.
B. Loads ever more people up with debt, which is now becoming ever more un-payable.
C. The existence of that debt and the implicit threat keeps them compliant.
By the implicit threat of your possessions being taken off you if you fail to keep up the repayments on them it clearly assists in the management of a docile population.
May also go some way to explain the ever radical policies of successive Governments in the last couple of decades in ignoring the populations opinions and wishes on such topics as immigration and the EU.
No accident that the last 30 odd years have seen a financial revolution (mill stone) in that the amount of personal debt individuals have been allowed to take on......Not only permitted with the rudimentary of checks that it will ever be paid back but actively promoted and forced on people. All at a time when Government policy has been whittling away at the rights and wishes of the indigenous population...
It would suit persons with the mindset of Mr Norman (Governor BOE) to import ever more people as money can be created at the stoke of a keyboard, lent to them and a lifetime of labour be farmed in the repayments of it.
A person mired in debt even though they are able to meet repayments on it, is a compliant debt slave....
It is necessary to understand the system to see where Corbyn wants to go. I don't necessarily agree with him but I understand where he is coming from and to be honest the sheer truthfulness of it and the fact he is prepared to say it, bucking the system of the last few decades (ever since the gold standard was abolished) is really a breath of fresh air.
Corbyn may be one of those few politicians we see every century who really tells it as it is. It is for this reason why he is 'chiming' with significant numbers of labour voters......