The International Monetary Fund (IMF) is up in arms over Iceland's decision to give every person with a mortgage in their country £24,000 in debt relief. Standard & Poor, however, have actually upgraded Iceland's credit-rating. Of course the IMF, despite their claim of promoting "global economic growth and stability, and raise living standards and employment", are only interested in keeping the world safe for bankers, whereas Standard & Poor simply report on what they see. The American CIA would seem to agree with Standard & Poor, pointing out in their report on Iceland that the country had completely reversed by 2012 the shrinkage of its economy after the banking crisis of 2008, while cutting unemployment by half during the same period. As an aside the CIA also mentions the fact that Iceland, formally negotiating entry into the EU, has now decided not to join because of that organisation's "economic instability". Iceland's policy compares favourably with Britain which has been down-graded by Standard & Poor and where the only real growth industry is in food banks for the increasing number of poor people who can no longer afford even the most basic needs. The report of the CIA with regard to Britain in 2012 makes for sober reading; "weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase." The message is clear - strip out all the Tory ideological claptrap and the pro-banking propaganda and the comparison between Britain and Iceland couldn't be more stark. Iceland, after prosecuting it's bankers and politicians, is recovering strongly whereas Britain, still in thrall to the bankers and their corrupt political allies, is still bumping along the bottom.
The News In Shorts
How the news would look if everyone stopped waffling and told the truth.
Showing posts with label Britain. Show all posts
Showing posts with label Britain. Show all posts
Wednesday, 4 December 2013
Iceland Gives Home Owners £24,000 Boost.
The International Monetary Fund (IMF) is up in arms over Iceland's decision to give every person with a mortgage in their country £24,000 in debt relief. Standard & Poor, however, have actually upgraded Iceland's credit-rating. Of course the IMF, despite their claim of promoting "global economic growth and stability, and raise living standards and employment", are only interested in keeping the world safe for bankers, whereas Standard & Poor simply report on what they see. The American CIA would seem to agree with Standard & Poor, pointing out in their report on Iceland that the country had completely reversed by 2012 the shrinkage of its economy after the banking crisis of 2008, while cutting unemployment by half during the same period. As an aside the CIA also mentions the fact that Iceland, formally negotiating entry into the EU, has now decided not to join because of that organisation's "economic instability". Iceland's policy compares favourably with Britain which has been down-graded by Standard & Poor and where the only real growth industry is in food banks for the increasing number of poor people who can no longer afford even the most basic needs. The report of the CIA with regard to Britain in 2012 makes for sober reading; "weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase." The message is clear - strip out all the Tory ideological claptrap and the pro-banking propaganda and the comparison between Britain and Iceland couldn't be more stark. Iceland, after prosecuting it's bankers and politicians, is recovering strongly whereas Britain, still in thrall to the bankers and their corrupt political allies, is still bumping along the bottom.
Labels:
Britain,
CIA,
Iceland,
IMF,
Standard & Poor,
Tory Party.
Tuesday, 4 June 2013
Everything You've Ever Needed To Know About Britain.
While the Tories are stealing the NHS in order to flog it to their rich mates, the economy is sinking below any detectable level, people are queueing to get food from charities, prices are rocketing through the roof, an entire generation has been abandoned, bankers are still getting bonuses for not doing very much and MP's are stuffing their pockets with taxpayers money or taking bribes, what are the British doing about it? Protesting like they are in Turkey? Arresting bankers and politicians as they have in Iceland? No, the great British public is preparing to celebrate the 60th anniversary of a woman getting a new hat. For Britain democracy is just another interesting idea. Essentially it is still a feudal country with a thin veneer of public participation. As De Tocqueville once observed; "The British think they are free, but they are only free every five years." The truth is that the vast majority are completely shut out of the political process and are seemingly content to elect a dictatorship every now and again that, in turn, then ignores them competely. The British, it must be said, are the least politically aware people on Earth and seem to have only a dim idea as to what is in their best interests. Driven almost entirely by prejudice, easily swayed by newspapers that in a truly literate society would remain unsold on the newsagent shelves, they like nothing better than being constantly reminded that they are inferior and must be "governed" for their own good. Depressing isn't it?
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