In case they crap themselves from worrying.The government's cuts to public employment
in the UK were designed strictly
to keep wage inflation down, by causing general fear elsewhere.
Now, nobody will dare ask for a raise.
400 000 public employees to be cut, in total! 100 000 already gone
It was done to keep inflation down, even though
the government is already lying about inflation.
BUTT, they won't be able to lie about it if employees
start demanding wage increases.
Inflation plus no pay increase= loss in real wages
If inflation goes up, then Bank of England interest rates
have to go up. PROBLEM
the banks are accustomed to getting money for free
from the gov. No free money means they will go bankrupt.
The government doesn't want to bail them out again,
for a few more years, because there will be riots.
So,
It's the only "successful" idea put forward by the government.
Only because it's working as it should. No inflation.
Byproduct:
All employees are sh*tting their shorts, over here.
in the UK were designed strictly
to keep wage inflation down, by causing general fear elsewhere.
Now, nobody will dare ask for a raise.
400 000 public employees to be cut, in total! 100 000 already gone
It was done to keep inflation down, even though
the government is already lying about inflation.
BUTT, they won't be able to lie about it if employees
start demanding wage increases.
Inflation plus no pay increase= loss in real wages
If inflation goes up, then Bank of England interest rates
have to go up. PROBLEM
the banks are accustomed to getting money for free
from the gov. No free money means they will go bankrupt.
The government doesn't want to bail them out again,
for a few more years, because there will be riots.
So,
It's the only "successful" idea put forward by the government.
Only because it's working as it should. No inflation.
Byproduct:
All employees are sh*tting their shorts, over here.
Of course, the stated aim of "reducing the deficit" is bullcrap. At best,
it will save 0.001% of the debt, which is 940 billion and climbing.
You may ask yourself, if they're printing money, doesn't that create inflation?
No, the bankers are hording it in risk-less paper gambling deals.
Cos67 ¬(%^D>
checkitout:
Max Keiser
"but the bankers don't want that money seeping too deeply into the population for that would raise wages and hurt the bottom line for the bankers and their supporters. So they let the occasional slaughter whether in Libya...as a way to purge the system of excess inflationary pressure."
