Let Them Eat Cake #GrubStreetJournal #GrubStreetMusic

Roger Lewis
Published on Apr 27, 2011
https://www.youtube.com/watch?v=iFqmyz2aC5Y
http://www.michaeljournal.org/home.htm

www.webofdebt.com

Always cite your sources heres a few.

www.honest-money.com

www.economania.co.uk

On Line DOcument with links to reading and Video SOurce information.

https://docs.google.com/document/d/1g...

http://en.gravatar.com/rogerglewis

A conversation about Money and Debt.
I subscribe to an online blog that regularly sends Market analysis and I find the information really quite helpful to try to make sense of what is currently happening in our Economy and why.
I personally believe that the current situation is worse than in 2007/2008 as the Central Banks *( Which are essentially controlled privately ( certainly the Fed) are allowing the concentration of more power into a smaller number of huge Global Banking Brands, we are asked to believe that stronger regulation and a stricter enforcement of liquidity ( Reserves(shareholder capital) to Issue of Debt money, will prevent what happened in 2007/2008. This is an over optimistic view which remarkably the Banks seem to be selling to our Governements.
I am supporting an organisation called Positivemoney.org.uk they are seeking a reform of fractional reserve banking. One thing that is certain is that the 3% longterm compound growth required to keep the money supply growing to support the debt money system is impossible to support indefinitely.
With stormy water ahead where economies have met their Debt ceilings the so called PIIGS. the UK and its current Austerity measures will I believe make Margaret Thatchers early 1980's decimation of UK manufacturing look like afternoon tea with the Bishop.This time round there are no Unions to Blame, No arthur Scargill only what is left of the Welfare State.
The attached Analysis points to a current overvaluation in the Stockmarket another Bubble just as another tech bubble looks like it is getting going as well. Real incomes are severely squeezed and aggregate demand in the real economy is very very weak. Globalisation is doing similar damage to the UK economy that the Elitism of the Premier league football has done to the National Football team it is destroying our grass roots economy which is the tax base of the economy.
I think that Positive money.org is the best thing I have come across as a vehicle to try to get some sovereign interests recognised again in British Economic policy and wanted to ask you to take a look at their message and start a discussion about these really important matters by helping each other and our wider circle of family and friends to identify and understand the importance of these issues we might be able to limit the amount of damage the coalition seem compelled toward committing on our National interests as expressed from the view point of the greater majority of the population.