Archive

Posts Tagged ‘The 2020 Great Depression’

Boris & Co. tout a V-shaped recovery whilst ONS GDP figures show a recession with everything going pear-shaped for the UK at best. Do we really want the idiots who created this mess left in charge of getting us out?

August 12, 2020 Leave a comment
Courtesy of Office of National Statistics (ONS)

We knew the figures were coming today. But we probably didn’t bank on the situation having already gone so far.

The UK is now in a Recession of the likes that we have not before seen. In fact, with the 2008 Financial Crisis being the only recent benchmark or reference point that can be used to pinpoint and illustrate what happens at Economy level when things go financially wrong, we can see just how deep the depths of this politically created recession will be when we compare the them on the above graph.

This is just the start. Things are set to fall further. Life, financially for us all, is set to become very hard indeed.

Regrettably, it makes perfect sense that the politicians who not only created this situation, but continue to take step after step that is making things considerably worse, would think and say out loud that they are now looking to ensure that a V-shaped recovery is found.

With the unnecessary and avoidable damage that was done to this Country the very moment that the Lockdown began, the window of opportunity to minimalise that impact was lost when the Chancellor failed to shut down the flow of money in the same way that the Prime Minister had shut lives, businesses and jobs.

With every day that has past, every job that has been furloughed or lost and every business that has been shut down, the ability of any politician or leader to take the UK Economy back to anything near being the same as it was before Coronavirus has become less and less.

When we look forward and ask ourselves  how we get out of this mess, there is only one step that this Government could take right now, today, that would maximise the opportunity to return things to whatever normal will now look like with the minimum pain and in the minimum time:

End all Social Distancing and Lockdown measures immediately so that all businesses that are still operating or capable of operating can do whatever it is they do without any kind of unnecessary legislator restriction, and get everyone who still has a job straight back to work.

This Government does not have any idea or concept of the depth and voracity of the domino effect that it caused and the damage that it has done by shutting down the Country and then failing to mitigate the fallout of their Lockdown in the comprehensive and universal way that it could and should have been.

In reality, the only way that we can have the best chance of us all reaching a place where the way that the economy and finance will work fairly and for us all is if we replace the politicians that we have right now with those who are committed only to doing what is right.

Boris and all of this political class do not possess the vision to picture the consequences of decisions that they take. Nor do they having any comprehension of what life experience is for the majority in this Country in any way beyond what they relate to as being their own.

There is a massive reset coming. Not of a wilfully or conspiratorially created kind with names like ‘new world order’ as some now fear. But because of what stupid politicians in the UK and right around the World have done over a long period of time through a process that speeded up exponentially as soon as the Coronavirus Pandemic began.

The reset that is coming presents the opportunity to review everything that we know and understand about our economic system, revise it and then re-established a responsible form of capitalism that considers the demands of present need, but also gives due consideration  to the needs and obligations that we have to tomorrow too.

It is the potential silver lining from the very dark cloud and storm that this Recession will be. But getting it right will depend on us not being tied to the ideas and motivations of any politician or leader who has capital of any kind tied up in making the now futile attempt to return everything that we know to how it was before.

The lives that have been and will be destroyed and the pain that has and will be caused to too many of us to mention and in ways that are simply too long to list must have a value in the change and transformation that they will empower us to bring for the benefit of all – as long as we have the right people in charge.

Chancellor Rishi Sunak says the Government is being honest with people as he now tells us that he wont be able to protect every business. Neither statement is true

April 15, 2020 Leave a comment

Finally, in the past 24 hours, media talk has shifted away from supporting the NHS and nothing else. It is beginning to focus on the unfolding financial disaster that is hoovering up businesses viable before the Lockdown was imposed and is set to cast millions of us into unemployment in days and weeks ahead.

Watching the Tory supporters club lauding everything that Boris and Chancellor Rishi Sunk have done as being heaven made since the travesty of the Lockdown began, is enough to make an objective observer’s stomach churn.

It should have been obvious from the start that the Lockdown was itself a very dubious way to address a Pandemic where so many unknowns and variables were involved. The response to the impact of the Lockdown on jobs, incomes and businesses was never considered in the depth that it should be or even really thought through.

Telling the Country’s workforce and business owners in March immediately following the Lockdown being imposed that nobody would be left without help sounded great to those who were listening and trusting, rather than questioning at the time.

But for those who have been left to fall down the very sizable gaps in the Government’s provision, the potential fallout from this Conservative Chancellor’s failure to understand the very nature of how business works and think through how his decisions will affect them first, and ultimately us all, looks increasingly bleaker by the day.

Some of the most simple problems in life are in fact so simple, they are simply too obvious for some to understand.

In this case for politicians, it has been the absence of the basic understanding that throwing money around at only the most obvious groups of people to have lost their income because of the Lockdown was never going to fix the problem for everyone else, nor help the whole UK economy in any meaningful or balanced way.

Instead, the Government and the people who advise them have opted to create complicated solutions that were only ever destined to complicate rather than simplify what was always needed by People and Business to be a very simply result.

The problems caused by the Lockdown at the start are still today only going to be addressed by putting a temporary halt to ‘normal’ monetary flow.

Bringing a a halt to normal monetary flow means suspending the need for all people and businesses to pay bills for normal services or products unless they continue to operate normally during the Lockdown.

Stopping ‘normal’ monetary’ flow was and remains the simplest way to treat everyone fairly and in the same way during the Lockdown and the period of recovery thereafter. Because the impact will always be relative to what those people have and what they earn – as any policy that is supposed to work for everyone universally always should.

It was and remains within the power and the reach of the Government to enact such a policy now.

The Government can and should mothball the financial situation for all those who are about to lose jobs or businesses and put life on hold for them so that it can be resumed, once normality has returned.

It can surely only be an unforgivable lack of understanding of how business, the economy and monetary flow works by the Government, or a deliberate move on the part of politicians and their advisors – whose first loyalty is to the world of finance and the banks – that the ‘solution’ we have to the impact of the Lockdown has been created and rolled out in the way that it has.

With things unchanged and left as they are for the duration of the COVID-19 Pandemic, you only need to follow the Taxpayers money that the Government is pumping out through these policies to see who it is who will still be doing well and profiting out what has continued to be business as usual for them during a time of national crisis for everyone else. They are the ones who are still getting paid exactly the same – if not more – as they were in ‘normal’ times.

Addressing the realties of the crisis that will accompany any pandemic would never please everyone. Some will feel they have less. Some will want a lot more. But there is no excuse for our political leaders to fail to enact decisions and public policy which is fair and treats everyone like they are valued by Government and Society as being in need of exactly the same help when the experience we are all living through is exactly the same.

When considered fully in context, the Chancellor’s latest warning there will be tough times ahead is ridiculously after the fact. Especially when it is his own and the Government’s Policies in response to Coronavirus that were the beginning of the real problem the UK is now facing, rather than the Pandemic itself being the cause.

The stupidity, self-interest or mixture of both that has led to this situation is of such magnitude that it would be justified and reasonable to demand that the Government resign.

The problem is that a Labour administration under Kier Starmer could not offer us any better and would potentially create an even bigger mess than the Conservative Government as the champions of business are doing with an 80-strong majority all on their own.

We are stuck with a Political class that is so out of touch with the lives of the people it governs, it is going to make a very bad situation for us all considerably worse.

We can only hope that if civil order breaks down as a direct result of what the Government has done, the void that will be created will be filled by someone or something that knows how to turn this all around and make things right.

%d bloggers like this: