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View Diary: British Economy Worst Since 1830, Says RBS (18 comments)

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  •  Re (0+ / 0-)
    Austerity cannot possibly be about fixing economies. It breaks them. The proof has been demonstrated over and over.
    Medicine tastes bad. A country like Britain (or the US) running massive deficits will eventually be forced to stop (austerity).

    The only question is how, and when.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sat Jan 26, 2013 at 09:55:28 AM PST

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    •  Simple. Jail the criminal class, (1+ / 0-)
      Recommended by:
      Eric Nelson

      Jubilee the debt accumulated largely through fraud; force the banks to do honest books with mark-to-market on their "assets" and then when they show up bankrupt, take them over, reorganize them on sound principles and then sell them off.

      It is INARGUABLE reality that Austerity has WORSENED every economy where it has been applied. Making debt-repayments even MORE DIFFICULT AND UNLIKELY.

      Where's the tricky bit? Anyone confused on the point can talk to the IMF for clarity.

      Yes, bitter medicine indeed is the unavoidable remedy for the Corrupt Organizations we call our Financial Establishment. They're bankrupt; let them be bankrupt.

      Meanwhile, why make hundreds of millions suffer for their crimes; just to surreptitiously try to make the Drug-Money-Laundering Banks closer to whole by making Humanity suffer? What, you don't want to lose your stake in these criminal outfits, is that it?

      Markos! Not only are the Gates Not Crashed, they've fallen on us. Actual Representatives are what we urgently need, because we have almost none.

      by Jim P on Sat Jan 26, 2013 at 10:19:33 AM PST

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