Summary: We approach this discussion by differentiating between ‘taxation regimes’ and ‘money-printing regimes’. Simply put, taxation regimes make more money if the country as a whole makes more money through increased wealth creation. Money-printing regimes try to increase their circulation zones since the injection of new money into the system can only be done by the equivalent creation of debt. This has nothing whatever to do with the creation and/or expansion of wealth. No reform of the system is possible without removing the money printers from power. More on the oil melt-down (still in progress). This is not having a positive effect on consumers’ desire to shop. Consumer discretionary spending is collapsing. The figures are truly alarming. An analysis of the unemployment report which was published today. Comparisons of today’s world with that depicted on George Orwell’s book, 1984 which is about a future where the UK descends into a totalitarian regime that’s in a perpetual state of war, propaganda and persecution. It’s all happening!
