Getting your priorities straight
A quick flick over to the BBC news site and here are the top four most read news stories
# Footballer Ashley Cole arrested
# Madonna's banned advert
# Mother guilty of home alone death
# UK interest rates lowered to 0.5%
Well at least the continuously tolling bell of the British economy managed to make number 4 on the list; cos you know it's not as if it's important or affects anyone.
So yeah anyway the BoE has cut interest rates to 0.5% thus precipitating yet another screwy measure to 'kick-start' the economy while at the same time kicking savers in quite a different area.
Seriously they all live in cloud-cuckoo land this is yet another attempt to get banks to start loaning out money okay here's the analogy -
Once upon a time all the banks went out to lie on the beach, they stayed there an awful long time and got all sunburnt; in they rushed to their plush hotel in a real panic all screaming in pain. Then Mr. Government came along and grabbed up bottles of some after-sun from other people outside and rubbed it all over them and asked them if that was better.
"No", shouted the banks. "I'm never going out into the sun again".
"But it's nice out there and no-one else can use the beach properly if you're not using it", said Mr Government.
"No", shouted the banks "We're all staying here".
"Some people outside had nice big floppy hats, I've taken those from them and given them to you to wear" said Mr Government.
"No", shouted the banks "We're all staying here".
"What about a nice big poncho I've taken from them, that'll keep you all covered" tried Mr Government.
"No", shouted the banks "We're all staying here".
"They had this really big golf umbrella, I'll hold it up over you" tried Mr Government again.
"No", shouted the banks "We're all staying here".
At which point any sensible person would have given up and returned all the stuff they'd taken from everyone else.
See oddly enough the people outside were trying to use their after-sun and those big floppy hats, ponchos and huge umbrellas so they too could sit on the beach in the sun, but as Mr Government kept taking them away to give to the bankers they also retreated inside their various hotels and decided not to come out. And so the beach emptied and everyone wondered why it was Mr Government kept exhorting the people to enjoy the beach when all they did was snatch away the things they used to give to the bankers.
The End (of the economy)
2 comments:
So…much…sarcasm…
Must…resist…
Seriously, why is this stuff mysterious only to the government? Why hasn't some normal-thinking person ran in there and bitch-slapped the people and charge and said “hey, look at this”?
Ah well, great days.
It also comes to something when a GMTV reporter (Penny) is pointing out that by dropping the interest rate you're hitting pensions and pensioners who form a good part of those who go out shopping and thus boost the economy. I mean this lot aren't exactly renowned for their journalistic credentials and even they can see the problem.
Even my mother pointed out that this wasn't helping those on a variable rate mortgage as they tend to cut out at a point, and that with the low returns no-one will be looking to save and thus the banks will have no money to loan out to anyone.
Truth be told the people deciding all this just don't get it because they have fixed pensions and big solid incomes and not one scrap of what they're doing has any direct affect on them.
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