epiphany Posted June 22, 2012 Share Posted June 22, 2012 I've come across a YouTube video called 97% Owned - be warned , it's an hour long but is a really interesting documentary which has really opened my eyes to the way we have been deceived and manipulated by the banks . It explains how the housing bubble was manipulated , and explains why house prices are so high now , meaning young people don't have a chance of getting on the property ladder ( and "mortgage" means debt until death ). Worth a watch if you've got an hour and care anything about the future ! I second that recommendation, it can be found in the link in my sig. There are screenings of this all around the country at the moment. The creators of the video have been working closely with the New Economics Foundation which regularly releases crucial papers on economic sustainability. The bottom line is, sure, the system we've had for the past century or so has "worked", but for how much longer will it work? Are we willing to let it collapse in on itself before we change it, which seems to be the historic trend, or would we prefer to avert the catastrophic effects of a crumbling system and start restructuring it now? It all starts with the banks - they fuel industry with credit and therefore they determine the nature of our economy. Link to comment Share on other sites More sharing options...
Lounge Jay Posted June 22, 2012 Share Posted June 22, 2012 It all starts with the banks - they fuel industry with credit and therefore they determine the nature of our economy. That just about sums it up in a sentence. Link to comment Share on other sites More sharing options...
WeX Posted June 22, 2012 Share Posted June 22, 2012 Where are the jobs coming from? Industry? No! You're wrong on your first point. Link to comment Share on other sites More sharing options...
WeX Posted June 22, 2012 Share Posted June 22, 2012 It all starts with the banks - they fuel industry with credit and therefore they determine the nature of our economy. Banks firstly restrict the flow of other peoples money and then lend their own out. Link to comment Share on other sites More sharing options...
fake Posted June 22, 2012 Share Posted June 22, 2012 It's definitely had ups and downs, it wasn't really an issue as I remember it from 2000 to 2007. I have to disagree on that last bit. IIRC That's around the time that New Labour introduce the failed New Deal scheme to try and get the then unemployed into work. It was also designed to try and get the then rising youth unemployment figures down. Both failed to do what they were designed to do and were failures. Now we have a government that is extending that failed Labour idea into workfare, spending £billions to try and make it work and again it will be doomed to failure. In 2000 the unemployment rate was around 8.4%, today its around 8.2% so despite the spending and initiatives not much has changed. Link to comment Share on other sites More sharing options...
rickiethecat Posted June 22, 2012 Share Posted June 22, 2012 If you want to work you'll find a job. If you don't want to work you'll find an excuse. Link to comment Share on other sites More sharing options...
Lounge Jay Posted June 22, 2012 Share Posted June 22, 2012 If you want to work you'll find a job. If you don't want to work you'll find an excuse. Thanks for that little philosophical gem. Link to comment Share on other sites More sharing options...
Cyclone Posted June 23, 2012 Share Posted June 23, 2012 I have to disagree on that last bit. http://www.tradingeconomics.com/united-kingdom/unemployment-rate Check out the figures, they back up what I said. Unemployment was stable and moderate through from 2000 to 2008 then jumped by over 100% IIRC That's around the time that New Labour introduce the failed New Deal scheme to try and get the then unemployed into work. It was also designed to try and get the then rising youth unemployment figures down. Both failed to do what they were designed to do and were failures. Now we have a government that is extending that failed Labour idea into workfare, spending £billions to try and make it work and again it will be doomed to failure. In 2000 the unemployment rate was around 8.4%, today its around 8.2% so despite the spending and initiatives not much has changed. 6% in 2000 and falling according to the figures I'm looking at, soon hitting 5% and staying around that rate until early 2008. Link to comment Share on other sites More sharing options...
Cyclone Posted June 23, 2012 Share Posted June 23, 2012 Banks firstly restrict the flow of other peoples money How do they do that then? Link to comment Share on other sites More sharing options...
fake Posted June 23, 2012 Share Posted June 23, 2012 http://www.tradingeconomics.com/united-kingdom/unemployment-rate Check out the figures, they back up what I said. Unemployment was stable and moderate through from 2000 to 2008 then jumped by over 100% 6% in 2000 and falling according to the figures I'm looking at, soon hitting 5% and staying around that rate until early 2008. Sorry, I do admit that I put 8.4% for 2000 instead of 6.4% by mistake. But, despite the individual yearly figures its remained fairly stable. Quote; "The unemployment rate in the United Kingdom was last reported at 8.2 percent from February to May of 2012. Historically, from 1971 until 2012, the United Kingdom Unemployment Rate averaged 7.2 Percent reaching an all time high of 12.0 Percent in February of 1984 and a record low of 3.4 Percent in November of 1973" So despite the waste of money spent on employment initiatives the current unemployment rate has hardly changed. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.