[needle]

Quote

According to ONS press release, UK GDP showed a second quarter of negative growth of -0.3% leading to an official recession in Q1 2012. According to UK Prime Minister David Cameron in a press conference in London, "Perhaps a review of current government strategy is needed"

More here http://www.google.co...w=2144&bih=1021

This post has been edited by needle: 01 April 2012 - 01:00 AM

[The Eagle]

GDP is only relevant due to our debt based monetary system, constant grow is needed to cover the difference between all money in circulation and all debt plus interests outstanding.

Getting rid of our debt based monetary system would get rid of the need for growth and therefore would get rid of the need for immigration and the need to exploit local people and foreign countries for the sake of growth.

When will this finally be realised by everyone?!

[GordonBrownSpentMyFuture]

awake_eagle, on 01 April 2012 - 01:39 AM, said:

GDP is only relevant due to our debt based monetary system, constant grow is needed to cover the difference between all money in circulation and all debt plus interests outstanding.

Getting rid of our debt based monetary system would get rid of the need for growth and therefore would get rid of the need for immigration and the need to exploit local people and foreign countries for the sake of growth.

When will this finally be realised by everyone?!

When they're told it or discover it for themselves on sites such as this.

At no point is this perspective put forward in mainstream education, media or government dissemination... and that's just the way the powers that be like it. You can't blame people for not knowing what they don't know. It's not their own ignorance that's preventing them from realising this; it's intentional deception and misdirection.

Take, for example, the recent announced causes of rising prices and risks of recession: "external factors", weather, bank holidays and the Queen's jubilee. Nothing at all to do with debasing our currency or the fact the UK's perceived prosperity is a facade. You'll struggle to find many commentators in the UK MSM drawing any such conclusions (Faisal Islam and Paul Mason perhaps being the exceptions). Listening to most reporters explain/justify these things, without once mentioning the bleeding obvious, is as excruciating as it is infuriating. You can almost detect the embarrassment in their voices as they continually attempt to avoid it.

[out2lunch]

April Fool right? ( )

[Gone baby gone]

Yep, a good couple of April Fools there! The clincher has to be Cameron saying policy should be reviewed! ;-)

[geezer466]

Poor effort must try harder....

Spotted it a mile off. I expect more of HPC readers!!

Besides everyone knows the economic data is not available for a few days yet....

[out2lunch]

Hehe

[long time lurking]

GordonBrownSpentMyFuture, on 01 April 2012 - 06:18 AM, said:

When they're told it or discover it for themselves on sites such as this.

At no point is this perspective put forward in mainstream education, media or government dissemination... and that's just the way the powers that be like it. You can't blame people for not knowing what they don't know. It's not their own ignorance that's preventing them from realising this; it's intentional deception and misdirection.

Take, for example, the recent announced causes of rising prices and risks of recession: "external factors", weather, bank holidays and the Queen's jubilee. Nothing at all to do with debasing our currency or the fact the UK's perceived prosperity is a facade. You'll struggle to find many commentators in the UK MSM drawing any such conclusions (Faisal Islam and Paul Mason perhaps being the exceptions). Listening to most reporters explain/justify these things, without once mentioning the bleeding obvious, is as excruciating as it is infuriating. You can almost detect the embarrassment in their voices as they continually attempt to avoid it.

That`s the problem in a nutshell ban the BBC I would say

This post has been edited by long time lurking: 01 April 2012 - 07:17 AM

[(Blizzard)]

awake_eagle, on 01 April 2012 - 01:39 AM, said:

GDP is only relevant due to our debt based monetary system, constant grow is needed to cover the difference between all money in circulation and all debt plus interests outstanding.

Getting rid of our debt based monetary system would get rid of the need for growth and therefore would get rid of the need for immigration and the need to exploit local people and foreign countries for the sake of growth.

When will this finally be realised by everyone?!

Regardless of the monetary system, all surpluses will eventually go to landowners.

The only way for a non-landowner to have a comfortable lifestyle is to outperform everyone else. If everyone becomes more productive, rents rise.

So the nature of land 'ownership' means that being productive isn't enough, you have to be more productive than everyone else, and more productive than last year.

Our feudal system of government ensures we need perpetual growth.

(I suspect that the monetary system is basically the same, allowing rentiers to extract unearned income and collect any surplus production, I just don't understand it well enough).