Cameron predicts new economic crisis

by Michael Smith (Veshengro)

In mid-autumn 2014 the British Prime Minister David Cameron stated that the Euro zone is teetering on brink of new third recession and he may, in fact, not be far off this. The fact is that, despite what they are telling us, the economy is not doing very well at all and also not in Britain.

It is being suggested to us day in day out that the economy is on the up – in Britain at least – and that we have lower rate of unemployment for decades. That may look fine on paper but the reality, alas, is somewhat different. Many of those that have “found” jobs and are off the unemployment register are in part-time or very low-paid employment only and thus have very little purchasing power.

The only way, and they are hard at work on that one, to grow the economy, is to have another lovely big war or why does anyone think has NATO started a new cold war against Russia?

The austerity drive to “reduce” public spending definitely is not helping the economy to grow one bit. In fact it is having the exact opposite effect especially as so many public sector employes have faced job losses and those that retained their jobs pay freezes, which actually amount to loss in income due to other costs rising, and now, after a year or two having been given a miserly one percent increase in their wages the talk is of yet more cuts and more pay freezes.

At the same time they, and not just Britain, waste Billions on armaments and new aircraft carriers (that will not have any aircraft for them as the one that is supposed to fly from the, the new US-made F-35 has still got problems even getting off the ground properly, literally), a Trident replacement and also a ring-fenced foreign aid budget of Billions upon Billions. All of this could get the economy at home working nicely. Then again the perpetual growth economy is (1) not sustainable and thus (2) has to be abandoned. On the other hand such monies would do nicely for the health service and social housing.

What, as it would appear if we look at it without blinkers on, we are really heading for is not just a little third recession, and not just the Euro zone but all of us, but a full-blown Depression more likely greater than that so-called Great Depression of the 1920's/1930's but the powers-that-be do not dare to even suggest such a thing openly, not even by way of a warning.

Why not?, you may ask, but the answer to this is very simple. It would put the proverbial feline amongst the columbidae and cause panic because, unlike in the 1920s when the Great Depression struck, and even though it was bad for people, they knew, in general, how to make do and how to make and do things for themselves. Not so people in today's entitlement culture who believe that government – or someone – has to do this or that for them and that the government – or someone else – is responsible if they have problems.

Our parents, grandparents and their parents were much more capable of handling many of such things and problems as they did not have the entitlement mentality that the powers-that-be have brainwashed the population with. They knew how to look after themselves, their families and also others in the community and in turn everyone looked after one another. Today most people do not even know their neighbors and often do not want to get to know their neighbors either. Sharing and helping each other, thus, is no longer being done, in most cases, and community does not exist in all but name.

The next Great Depression is coming and it, more like than not, will be worse than the one in the 1930s and it is time – high time, in fact – that we all got back to some sense in our lives and got to know one another and learned to help where help is needed once again without expecting a reward in return.

© 2014