When Greece’s Traitor Government inflicted “austerity” on its people, I stated the obvious. The savage (and senseless) budget slashing – of money being spent on people – would make its deficits worse, not better; and lead to the total collapse of the economy. That is exactly what happened.
When the UK began its pseudo-austerity, where it slashed spending on people while continuing to print-up lots of new “money” for its criminal bankers; I predicted that its deficits would get worse not better – and eventually destroy its economy too. That is exactly what has happened.
The only difference between Greece and the UK is that while interest rates on Greek debt were manipulated higher by the Anglo banking cabal, they have been artificially suppressed in the UK, by (secretly) buying-up all government bonds in order to maintain these fraudulent rates. The same thing is taking place in the U.S.
When Spain joined the Austerity Club and began its own suicidal budget-slashing, I predicted that its deficits would get worse not better. That is exactly what has happened. This is nothing but simple economics. Our problem is that virtually the only people trained in this vital discipline are the brainless economists.
If (mindlessly) slashing government spending is always a good idea, then why don’t we take all spending to zero; and our economies can all thrive in this neo-conservative Utopia? The obvious answer to this question is that there is net economic benefit to many forms of government spending.
A common example of this (in an era of massive, structural unemployment) is Welfare. Neo-conservatives would tell us to “cut off the Welfare” for the 60+ million unemployed people across the Western world – permanently unemployed since our economies generate 60+ million too few jobs to sustain full employment...
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