Thursday, April 15, 2010

UK Debt - The Cure!

The "Deficit" which the main parties have chosen to substitute for the "Debt" in this campaign can be easily cured. Every responsible adult in the country knows that spending has to be balanced with income to cure a deficit. Handling the debt, which ongoing deficits have caused, is more problematic, hence the silence from the confidence tricksters who aspire to occupy Downing Street as the next puppets for the EU. These sly leaders of Britain's three main parties will debate in Manchester tonight, each apparently blithely unaware that this particular Titanic, in which they have invested the nation's wealth and sold out its independence and democracy, the EU, has been stricken by the iceberg that is Greece and will soon be no more, read here. Cutting loose from the EU and throwing no further money down that particular drain, as recommended by the UKIP, will help with re-paying debt, but will now be nowhere near enough. Last December I suggested a "Brown Levy" being a transfer from the bank inflated property bubble created in the UK to the exchequer. This could be obtained via a once off levy, perhaps only payable on the sale of property but immediately transferable to the national asset base, or by a sliding scale annual payment on property values spread over five years. Either way, whatever the politician, the facts require ceasing EU payments AND tapping the asset based which is now all that remains available to the nation and is all locked up in abnormally inflated land and property values. The whole property owning establishment WILL SCREAM IN PROTEST and of course will have the entire media on their side, BUT bigger reductions in values will be sure to follow if matters continue as they are. Will anybody put this to the three tricksters tonight?

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