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Today two articles published together continue to tell us the story ... the first, that there is 'hope of house prices rising again' this year ... and the second ... that the changes made by the Chancellor to the banking regulation system have been 'largely cosmetic'. The Government are unfortunately not facing up to the key questions / challenges now faced ... and have no sustainable solutions in their plan ... even though sustainable solutions exist!
The Government want to 'bring back confidence', and unfortunately they (and others, including the BBC) still erroneously believe this will happen when house prices go up again ... and why, because they quietly hope more people will start to take on debt again so that consumers will drive the UK out of the recession.
In a similar way they have been saying they are tackling the banking system, when in reality they have not (and have simply relied on 'cosmetic changes' and a huge amount of 'spin') ... and why, well whilst the Government (and Treasury) left traditional ('value adding' and 'wealth creating') enterprises behind, it heavily supported the expansion of 'wealth manipulation' (and mostly 'value destroying') enterprises in the City instead* ... and by doing this they have now arguably become rather dependent on them now ...
The Government expanded public services based on an 'illusion of wealth' and a 'mountain of debt' (rather than introducing 21st century management practices and improving how services are provided), as well as fictitious, unsustainable and arguably 'morally questionable' foundations (e.g. 'wealth manipulation' services).
It should therefore come as no surprise to anyone that this Government scam & pyramid scheme would 'end it tears' (not for the current 'leaders' and 'bankers' though, as egocentric & ethnocentric groups naturally looking after themselves) ... and the current bailout plans (e.g. bailouts and quantatitive easing - i.e. printing money) will only delay slightly what's still to come (and arguably make things worse) ... as things will probably have to get much worse in the UK than they already are before Ignoromics reduces and Poweromics is challenged ... however, history says 'happen this will', we just don't know exactly how or when ...
... but what we do know is that 'power', 'politics' and 'economics' will all change fundamentally soon, 'powered' by the internet ....
* yet spearheaded by two 'leaders' supposedly brought up in the ways of the church, and who also preached us 'prudence' ...
