In September 2009 in a written teleological set of political
proposals in seven parts which I submitted to Sinn Fein regarding elections (2011-2021) and subsequently sold by Sean Lynch and Debbie Coyle to the British and US governments,I argued for quantitative easing and deflation.
This was the main thrust of Sinn Fein policies in the South in 2010-2011.
The reduction of inflated values in house prices,
salaries and prices is usually matched by an increase in purchasing power and economic competitvity.
Money should be allowed to shake off the noose of
inflationary values.
I remain true to the core principles of those views. Note the accelerating over-valuation of
houses in the South. Relative wage nflation increases real income differentials, undermines
the living standards of the working class and poor and leads to a vast accumulation of
debt and wealth. It leads to a staggering wealth gap, in fact,which bears down on the dirt-poor with unbearable pressure.
....
5.1.2022
How have the cheapskate financiers at the European Central Bank and Central Bank re-financed the European and Irish economies?
By what they call subordinated debt,"subordinated debt certificates" and " guaranteed bonds" and the Irish by the buying out of bankrupt building contractors,banks and property estate speculators...the sale of the latter turned out to be an even, non-profit cash sale to the building industry and futures market.
However,it is in "subordinated debt" that the key lies. This feature of the banks' recovery marks the eclipse of Government as government or State. This "subordinated debt " is the after-birth of neo-liberalism because it establishes the primacy of corporate and clearinghouse and private lending over the National Debt or a government property-holding company. The Department of Finance took the risk of issuing private creditor bonds at 8% ( Republic of Ireland) and the banks in Northern Ireland 10% ( Northern Ireland) indicating that 80% of the National Debt is to the European Union,the real net extent of loss from the 2009-2011 Irish financial crisis requiring outside finance being £12 billions not the € 88-125 billions of the Communist Party of Ireland's imaginative fantasies. The resultant transititory debt is £68 billion.
Basta? Satt? Enough said?
...
2.7.2022
Stagflation?
We now hear talk of a combination of low economic growth and high inflation in Europe.
How is this pressure on Irish and British living standards to be eased?
By reducing social overheads,the opposite of Thatcher's reckless and dangerous inflationary policies of closing real industries and fuelling money into property speculation. Thatcher's policies were an attack, indeed a series of attacks,on the real economy. Hers was trickle-down economics which was aimed at depressing real wages and increasing the sum of private capital,a dog chasing its own tail.
....
How to address the world crisis brought on by war,the entirely avoidable crisis which is aimed at strangling the Russian economy?
1. Rent controls on private tenancies and an enormous plan of public housing building,
2. Increase universally the share of national wealth apportioned to wages through higher corporate taxation and income increases,
3. Stiff higher income taxes. No-one to earn four times more than anyone else (apart that is for specialists where greater differentials are democratically debated and agreed upon),
4. International agreements on corporate taxation so that no country enjoys an advantage,
5. Poorer countries to be allowed to put up tariff barriers while poorer countries enjoy unhindered access to other richer countries markets,
6. Respect for indigenous cultures,values and inherited ways of life.
....
15.2.2024
Sean L and his Sinn Fein henchmen have done nothing for anybody for years apart from accompany them to a public house. His politics are not social realist policies or comradely behaviour but the Old German stab in the back,informing, intimidation and borderline harassment.
Sinn Fein is a clique,not a democratic organisation for the most part based in public houses and sports clubs and drinking dens.
Sinn Fein politics is for the most part only a vaguely sentimental alliance of the workshy and the over-exploited.
The alternative, however,is the Green Toryism of Fianna Fail and Aontu.
Joseph Paul Mc Carroll LL B (Hons.) (QUB)
