GENERAL ELECTION 2010

I would like all those who are undecided to walk with me - I am a natural Tory, but find Gordon Brown still the right guy to lead us. Think - think my friends, can you throw out the captain of a ship who has navigated us through troubled waters. Don't tell me they are waters of his own making... He is not leader of a system where he can stop and start economic activities, eg financial sector overshoot. This is a capitalist system characteristic. Shareholders have to correct it. The bank of England warned about it. That is the extent of the free market intervention.

Subject: UK - Budget day - a reflection on the national debt

Our beloved Chancellor has just announced our national debt will reach GBP 1.3 Trillion in 4 years and I wanted to get my brain round that enormous number. So I did a quick calculation and asked myself when he would have had to start counting the money, if he could count GBP 1 per second, 24 X 7.

To count 1 million he would have to have started 11 days, 13 hours and 46 seconds ago.

To count 1 billion, the start would have been 31 years, 9 months, 8 days, 1 hour and 46 seconds ago.

To count 1 trillion, he would have to have started around 30,000 BC - rather appropriately, Neanderthal Man would have been there to help him.

And for our 1.3 trillion, the count would be around 41,275 years.

Sorry for being a boring old f**t (there's always the delete key), but that has helped me get it in proportion.

Best regards.

Mike

Reply by Mehdi Fazal

Hi Mike, and you are welcome to share it with others if you wish.

But u need some more facts;

Did you know that it is a number lesser than he said LAST YEAR.... it was a 100billion less, so he has reduced the time from 1.4trillion to 1.3trillion, ie by 3,175 years by doing little!

By the way that is only if we let him alone do the payment, but if we all join in the UK, you can finish paying it in 6 hours!

By the way our national income every year in 2007 was 2.8 Trillion, so it is not more than 46% of this years income!!!!

Note this is total debt, it is like a mortgage at half your income, or if everyone was given half a years income to buy a house, who would be able to buy a house! Only the very rich!

Do you know that total borrowing by private sector and govt totalled 10.46Trillion, and the total stock market in 2007 was worth 3 trillion! So we could have no debt, if we just sold off some of these shares and have no debt!!!!!!!!!!!!!

Don’t get too frightened by these issues, be fearful of RASPUTIN

is name was Grigori Efimovich Rasputin and he is one of the most enigmatic men in modern history. Was he a misunderstood holy man with strange powers to heal - or was he a scheming sinner who manipulated the suffering of others?

As a trained Economist, who suffered from the 1990 recession and Lamont/Major/Cameroun/Osborne Strategy, I think I would be wary of these new RASPUTINS and more inclined to the forsaken Keynes.

But I leave it to you ... to have a sense of propoertion.

See my blog many months ago... http://livejournalmehdifazal.blogspot.com/2008/10/keynes-and-great-depression.html I thought Alistair Darling was quite good... he accepted my argument without prompting, so I did not need to agitate and carry on with the forum, he accepted the ideas unprompted....

In the enclosed article notice….

Hayman Advisors talk about $29 trillion being lost by the worlds stock markets in the recession........

If to reverse the worlds loss of trillions we spend a half – trillion( others like usa, etc will be spending another 5 to 10 trillions), and we all get it back, surely it is worth it……

So you can make up your own mind, but don’t get it out of proportion….Humanity is making progress, it was not able to reach trillions, now it can … analyse trillions of calculations in seconds (computers) analyse trillions of DNA structures in years, hope to get you trillions of wealth by nations, in each year, hopefully trillions of cash per individual in years to come….. be hopeful, and positive.

Mehdi Fazal

i-walk e-march

I am attempting to get a petition on Downing Street Web site, to be signed by those who wish to repeat THE LONG MARCH of the 30s in todays format. I am looking for help from prominent people, newpapers, and TV media, to publish the links for people to i-walk on an e-march. I will need help to log the people, both from the UK, and from all over the world (showing the source) so that it will influence the talk at the UK cabinet, and the worldwide forum called to address the financial system to replace Bretten Woods.

Any help to launch this would be most welcome

Keynes and Great Depression

It was during the 1930s, that Keynes' really made his mark as an economist, helping to develop a whole new branch of Economics.

When the Great Depression hit, with unprecedented ferocity, economists were at a loss to explain its causes and how to overcome it. Prevailing economic orthodoxy stuck to the old classical view that Markets will clear in the long run.

At the height of the crisis, the fledgling Labour government was told by Treasury officials that the government must balance the budget to survive the depression. This effectively meant increasing taxes and cutting unemployment benefits. Keynes described this as economic madness and argued for the exact opposite. He argued in a recession of this magnitude, it was necessary for the government to intervene and actively stimulate the economy. Apart from a few half hearted attempts such as the new deal, Keynes' policies were largely ignored in the UK and US; and high levels of unemployment persisted until the start of the second world war.

It was to this backdrop that Keynes wrote his General Theory of Employment, Interest, and Money (1936). Quite a dense work, it still broke the mould of classical economics and created a powerful argument for active demand management. ALthough, his theories were later criticised by Monetarists, much of his thought remain key elements of modern economic theory. Keynes was a great publicist for his theories.

He would say things like:"The government should pay people to dig holes in the ground and then fill them up."

People would reply. "that's stupid, why not pay people to build roads and schools"

Keynes would respond saying "Fine, pay them to build schools. The point is it doesn't matter what they do as long as the government is creating jobs".

He wanted to emphasise the importance of intervening in a recession.

Keynes was a new style of Economist. He wasn't just content to spend hours reading away in the British Library (like Karl Marx) he understood the importance of the soundbite and actually influencing the political process.

Quotes on Keynes
"No one in our age was cleverer than Keynes nor made less attempt to conceal it."
- R. F. Harrod in The Life of John Maynard Keynes (1951)
"We're all Keynesians now."
- US President Richard Nixon (1972)
"If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions."
- Winston Churchill

Extracted from an internet search - Source . Tejvan Richard Pettinger

http://www.economicshelp.org/

I am concerned about UNEMPLOYMENT

I think we need to stand behind Gordon Brown with solidity while he solves problems for us and the world.No-one has done better for our economy so far, and I am certain that he has the courage and new ideas to change the country and the world for the better and in favour of the poor of this world.

UNEMPLOYMENT does not have to be


May I request that the Prime Minister rules in the Kenysian tools in this recession - so the building industry remains in a sensible shape? Gordon Brown said he will do whatever it takes to deal with the financial system, but can we have that on this as well? Keyne was forsaken twice by this nation, in the 30s, and by John Major in the 90s.

The conservatives want to do it 3rd TIME, notice how all their speeches say how there was too much spent in the past so we have no reserves to spend in bad times, THIS IS Humbug and frightening to me as a qualified Economist. It is John Major once again. Can the Gordon who obtained a double first explain the bug in this thinking please?

Can others who are learned support this forum?

I lost 18 years of my prime life becasue of John Majors hammer to crack a nut approach, and I hope Gordon is given a chance to correct the wrong done then, so that the tools can be used to remove human misery in the future throughout the world.

I have posted an extract from Tejvan Richard Pettinger's (An OXFORD Graduate teaching A Level Economics) writup on Keynes in this blogg. Keynes, proposed to a previous weak labour government, and wow the conditions / arguments look the same! 70 years later!

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