mjheathcote
Centenary Club
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So you can now work 3 days a week, but get paid over 86% of your wage, or 2 days a week and get paid 80% of your wage....
If I've got that right.
If I've got that right.
The furlough scheme is a massive Ponzi. Wattie told me to say that.
This is the first step to a living universal wage for everyone. Welcome to the world of Modern Monetary Theory where the Q/E taps are on forever .
Are you talking The Great Reset here? That's quite a hardcore subject in many ways.
I think the level of information being fed to a willing, culpable and naive press has been laughable. They are brainwashing the masses with terminology such as "the new normal", "circuit breaker", "furlough", "R rate" and the like. They are all terms that are being fed before another step in their masterplan is implemented. And many are lapping it up like gospel. None of these terms are real, they are made up codswallop.
The reason why you keep bars/restaurants open till 10, why you have Gove telling people to work from home, and why we will see a "circuit breaker" lockdown including school closures over the October break and not during normal days is purely financial. It has nothing to do with restaurants having better systems in place than homes, and nothing to do with saving lives now as it's nothing like enough to achieve that. It's just utter tosh. If you close things and force people to be unable to earn then you have to pay for it and they are doing everything they can not to pay. If you keep it open, even under restriction and duress then you can argue that there is an earning capacity, however diminished and then seriously restrict the help you are obliged to give.
The only ray of light I can see is that many people are now not as willing to accept what they are being told and are seeking alternative opinions. Where there is danger in that, it is much more productive and enlightening than listening to a game of world politics where we are not the winners, not even the contestants.
The new scheme today from Sunak is nothing like enough and effectively forces employers to determine who has a worth and who does not. In a moment when the vast majority are trying to follow guidelines and save lives, it is despicable to be adding misery to many. It also leaves the self-employed and company directors almost entirely out in the cold again. The entrepreneurs, the people that built the Uk with innovation and determination are being left to struggle and question their worth.
The two greatest bastions of culture - Art and Science - are being cast aside and cheapened for the political aims of the few. Sensible, credible and provable science is being ignored. Art has been de-prioritised to the extend that great institutions will never open their doors again, never hold a performance, never display an installation or an art piece.
Although it's actually not true, there is a quote attributed to Churchill that nicely summarises this. When asked to cut arts funding and direct the money to the war effort he said,
"Then what are we fighting for?" (except he didn't but it's still a nice quote!!).
I don't have an answer to this clusterfuck of a moment but I can say that if you can't see what's going on around you and you aren't trying to educate yourself and make your own decisions then you should. And quickly.
Rant over. And I'm annoyed at dragging myself into it when I've been trying not to.
I think it’s ******* hilarious to suggest that Central banks “ constantly increase money in circulation (permanent QE) and control the the effect of that money and the economy”no not talking about the great reset.
MMT is a different monetary policy / economic system where the Central banks constantly increase money in circulation (permanent QE) and control the the effect of that money and the economy through tax increases/decreases instead of just interest rate movements (which are effectively a blunt tool due to the extra money in circulation) . World governments have so much debt that unless we see defaults/write off’s they will never be able to repay it so part of MMT is that central banks purchase most government bond issuance from that QE meaning debt to GDP becomes meaningless and governments can continue to spend keeping populations happy .
I’m sorry this is a inadequate and basic description but it’s out there to read about without too much digging around .
Politicians “never waste a crisis “ and covid has certainly pushed us closer to economic change.
If that’s right the smart money works 2 daysSo you can now work 3 days a week, but get paid over 86% of your wage, or 2 days a week and get paid 80% of your wage....
If I've got that right.
If that’s right the smart money works 2 days
Better get some more gold then....
C
Indeed I do.Wattrodamus only accepts payment in gold for his prophecies. Also, presumably, for bored [sic] and lodging.