Margaret Thatcher once famously said: “the trouble with Socialists is that they always run out of other people’s money.” I’ve always thought that these words were particularly profound, but I have to ask: do socialists ever run out of other people’s money in reality?
Socialism is running rampant in our world today, although we may now possibly have turned the tide against it. Looking at our own country, we give billions a year away in overseas aid. We allow our health service to treat visitors from all over the world. Immigration is a never-ending flood, and we can’t wait to provide these people with money, housing, and other benefits; that’s before we even talk about our own indigenous welfare dependents: all very expensive.
Socialism then is very expensive, perhaps the most expensive system ever devised. We have to ask why our governments are so keen to embrace it? Our countries’ debts are massive, and yet our governments just can’t spend money fast enough. Governments borrow money from banks, borrow money secured against future taxation, as long as the debts can be serviced, credit can be treated as a form of income. Given that the sole product of banks, particularly central banks, is debt, it can be seen that Socialism is very good business indeed.
Corporations too know how to play the debt as income game. In business schools all over the world, they talk about: ‘the Great Men,’ but behind every great man there is a banker, bankers that without which there would never be great men. It seems to me that to be a great man; you simply have to be good at spending money.
When you look at the fortunes of many companies and corporations, you may be tempted to wonder how they survive; they don’t seem very profitable. Profit is taxable and doesn’t matter, all that matters is keeping the minions slaving away to service the debt, the few at the top can then use debt as a very lucrative, tax-free income.
I have become very interested in the writings of Robert Kiyosaki, he’s experienced the ups and downs of being an entrepreneur and has ended up an extremely wealthy man, I’d say he was worth listening to. Here is a video:
“Poverty is Not An Accident” | An Illuminating Interview With Robert Kiyosaki
According to Kiyosaki, at school, we’re not taught about how money really works, we’re taught to get a job and save money, money on which we’re taxed. In reality, because of inflation, we can never save enough money; indeed we can scarcely survive.
Kiyosaki talks about three types of income. Earned income, as I’ve mentioned above and we’re all familiar with. Portfolio income from trading and investments, very heavily taxed by Capital Gains Tax. Thirdly and the one we’re not taught about in school is passive income or turnover, this is never taxed.
The trick is to turn worthless printed fiat currency into tangible assets. Bankers and businessmen while in charge of fiat, invest intangible assets, perhaps agricultural land, food, water, anything with intrinsic value. In today’s world whole countries are being asset-stripped by bankers and their so loving caring henchmen: George Soros, the European Union, and many others.
Above I’ve described why the rich get richer, and the poor get poorer (something that we all know is happening), also why we need growth-based economic models to keep servicing a rapidly growing debt mountain. World debt is now at around 254 trillion dollars in various currencies.
In the end, this mountain of debt gets unserviceable, something that we’re very close to now, we’ve seen it all before. The 1930s Great Depression was the most recent example; the next will be far worse. Yes, Socialists always do in the end run out of other people’s money. The next financial system to emerge I’m sure will be even more pernicious than the last, that is unless we wake up and realise what is happening. If we don’t, very few people will own the whole world, and we’re not far off this situation now.
For bankers and the politicians and businessmen in their pockets, Socialism is the most profitable political system ever invented; it has nothing to do with altruism or caring for the poor, it is the most ruthless exploitative system ever devised.
Those Liberal/Lefties that protest on the streets demanding Socialism, fairness, and equality are as deluded as they are ignorant. Perhaps they’ll have placards with pictures of Jeremy Corbyn or the European Union flag, these people and organisations aren’t here to help you, they’re here to exploit you and rob you blind, these foolish protesters are embracing their slave masters and asking to be chained.
It is no coincidence that those that are the most vociferous supporters of Socialism are the wealthiest, the Hollywood stars, the politicians and top businessman like Bill Gates, this is the source of their current and future wealth.
We’ve seen the top Eurocrats flying around in private jets, spending money like water, we’ve seen how eager our own politicians are to jump onto the EU Socialist bandwagon, Tony Blair being a prime example, now a very wealthy man.
This then is Socialism behind the veil, not about fairness and equality at all but a fiendishly clever scheme, sold to the gullible to make a very select few people extremely wealthy indeed.
Socialism: a scheme to enrich the few at the expense of the many.
The problem is society being locked into this corrupt system of currency. The currency has surpassed its original purpose and become a god in its own right undermining the honest endeavour of man to make his way in life within a society.
“The nature of money will be changing soon”. Yes but another problem is that man has not been able to see the wood for the trees.
Technology can take us all in two directions. There could be some mix but in the end one will win.
Global virtual currency will certainly be a trap and enslavement not clear with many until it is too late. Cashless, privacy-less, inescapable, soulless and detached. This is the obvious route facilitated by technology.
The second is a route that puts currency back in its place serving instead of ruling. By allowing the independence of finance with local systems we can give Caesar what is Caesars. By keeping local commerce going with local currencies parallel systems will be created. Once that gets hold the pound, for example, will cease to have its hold on local business and people’s day to day lives. This will develop into…with…and so on. The big banks will lose their power to local co-operative banks and will wither in relevance and meaning. All this will also depend on technology but in a benign way and will take time turning everything on its head. Taxation must also be a part of this formula and so it would be a holistic approach.
Thank you for the article. Maybe I don’t know what I’m talking about but I see no other way.
I agreeSocialism is a lie.
I can’t make head or tail of all this. The article apparently talks about Socialism yet it is describing aspects of Capitalism which, according to the author will lead to a collapse of the system. Ok maybe I’ve got it all wrong but that analysis does not correspond to the socialism that introduced our NHS, state education, unemployment benefit and state pensions after WW2. Nor does it correspond to the Socialism imposed by the USSocialistR. Nor, to my mind, is it Socialism that the EU is imposing on member states. If Flyer had used the word Globalism instead of Socialism it would have made more sense to me. Mind you – what’s in a word. After all Nazism was actually National Socialism.
I’m making the link between the corporate or more specifically the banking world and the Socialist world. People think that Socialism is anti capitalist but it isn’t, those that are trying to impose Socialism upon us are some of the richest people on earth, it provides a means to control populations and keep their noses to the grindstone to service debt.
Yes I could have used the word Globalism but Globalism is an attempt to introduce a worldwide Socialist system. Given that the end game of Socialism is Communism, we could go further and say that Globalism is an attempt to introduce a global Communist system.
The Socialism that introduced the NHS was from a time when the UK was a at the center of the later stages of the industrial revolution and there was a vested interest in looking after the workforce; now not so much. After all, soon we’ll be competing with Artificial Intelligence and robots for work, what incentive then will there be to look after the people, they will be just a liability that will need to be controlled.
It’s all about money and control, we the people are rapidly getting to be an inconvenience. In fact it doesn’t matter whether you call it Globalism, Socialism, Communism or even Nazism, it’s all about totalitarian control, whatever you call it, it’s just marketing, in the end result is the same.
PMB Thanks flyer. But I’ve just googled Socialism and read a few definitions of it so I still think you are mis-using the term. However, I agree with many of your arguments. The Labour government introducing health welfare and education after ww2, whatever they called themselves, improved the lives of ‘the masses’. I even suspect that nationalised ownership of rail, communications, coal and maybe some other parts of UK’s infrastructure was a good move. Unfortunately it undoubtedly led to inefficiencies. Why bother to innovate when government will subsidise?
I also agree with you that what I call Big Business and the banks are grossly distorting the way that the (capitalist) market economy should work. I understand your worry about the huge mountain of debt. In fact I worried about how things were going back in the early 1990s though I could not have explained things in the detail you have. I vaguely blamed ‘Financiers’. I also support Ukip. But I also usually agree with John Redwood’s recommendations on taxation. Does Ukip have the benefit of your expertise? I understand that it wishes to promote small entrepreneurs.
Unfortunately Ukip seems to be struggling still. And the NEC have been ungrateful and even insulting to Gerrard Batten. Hopefully Richard Braine will sort them out. Just as I hope Boris Johnson will get us out of the EU, in fact that is, not just in name only.
You may be right about the Socialism thing but I sometimes have difficulty trying to decide what to call today’s bleeding heart Liberal/Lefty morons.
Perhaps we need a new name for these fools that actually think that the people asset stripping their countries and the planet generally, have their best intentions at heart.
I can think of a few names to call them but I don’t think I’d be allowed to print them here.
Does Ukip have the benefit of his expertise.
They don’t want it. They know better. And they might be right. After all, how many MPs have O levels that aren’t to do with politics or philosophy.or shouting or screeching.
The way I look at it, money is just money. The system is designed so that people are permanently in debt, and if they cannot repay their debts, then all their ‘wealth’, ie their assets, gets acquired by their ‘creditors’.
Money is ultimately worthless, ownership of assets and resources is priceless.
Once we reach a position where the ‘elite’ wealthiest people (or the corporations they control) in the world own ALL of the world’s resources, assets (and people), then there will be no need for money.
Yes that’s about it. The nature of money will be changing soon, the old systems are groaning, creaking and ready to collapse. But what will replace these old systems? I think it’s been planned for and studying UN Agenda 2030 will give you an inkling, we will be just human cattle and a very few will own the world, it was planned that way and our current monetary system was the way it was facilitated.
EU and even worse the UN, very bad news indeed, those that want to keep us tied to these organisations are nasty pieces of work.
Oh dear more capitalist drivel. Socialism has never been installed in UKania just as democracy hasn’t.
And neither do we want Socialism getting any more established.
To quote from my article:
“Those Liberal/Lefties that protest on the streets demanding Socialism, fairness, and equality are as deluded as they are ignorant.
I rest my case.
Those “liberal/Lefties that protest on the streets demanding Socialism” don’t even know what Socialism is, because if they did, they would all be for Brexit.
Socialism, as pretty much all religions, promises better future (which will never really came) in exchange for obeying the rules, not questioning the authorities or dogma and some sacrifices here and now. Believing (without an evidence or sometime against the evidence) is part of the human nature that always make me wonder if “homo sapiens” is not a bit exaggerated name.
The sad true is that socialist’s ideas fit for a huge part of society: explain perfectly why they are not doing so well as they believe they should and present comfortable path of improving their situation.
The road to hell is paved with good intentions.
Socialism is merely a socio-economic ideology. It has nothing to do with religion any more than has capitalism.
Thought provoking article.
“(Socialism) It is this practice of allowing one set of people to dictate to another set of people what they shall do, what they shall think, what they shall drink, when they shall go to bed, what they shall buy, and where they shall buy it, what wages they shall get and how they shall spend them, against which the Liberal party have always protested”
William Harcourt (Liberal Party) Speaking on the anti-libertarian nature of socialism in Oxford 1872.
Has selling socialism to the massess over the last century or so been more effective than selling self reliance, thift, souind money and liberty?
“passive income or turnover, this is never taxed.”
VAT??
Am I missing something? My pub is paying around £100kpa in vat alone, doesn’t leave much for reinvestment or better wages.
I agree with your conclusion BTW.
VAT is something that you add to the purchase price of your products and services and then pass on to the government, making you an unpaid tax collector, it isn’t a tax on your profits. I must admit though I’ve been out of Blighty for so long that I’m not up to date with the ins and outs of VAT but it is certainly not a tax on profits.
VAT isn’t a tax on turnover either, although a business needs to reach a turnover threshold to have to pay it. Usually it’s the consumer that gets lumbered with the cost of VAT.
Jewellry is ,as is land,More than money or gold.
Excently put. Complex systems, sensibly and understandably presented, and absolutely correct.
That is why London is so valuable. It will keep operating with tubes, infrastructure, population support, world connections. long after Brrmingham Sheffield Glasgow and Preston are derelict..
But we can all buy gold sovs., houses, good paintings, jewelry etc.I like the idea of a boat myself ( Not a good choice i expect )