George Osborne Has Got Some Money For Small Business

Just got back from presenting at a European Banking Reform Conference in Prague and woke up to some interesting headlines…

In my YouTube video ‘The Great Depression of 2013‘, I said that following the forecasted credit rating downgrades and further quantitative easing comes change in regulations to patch up the broken ponzi scheme we call our economy and further unemployment.

The ITEM Club, a private forecasting group, said today about half a million jobs will need to go in the public sector, 100,000 more than planned, so George is looking to small business to fill in the employment gap.

Well, as money is debt, obviously he also believes we need to solve our debt problems with more debt according to current policy!

I think George Osborne is spot on looking at small business to drive a recovery, but George’s latest policy means that he is encouraging banks to lend to small business and guaranteeing 20 billion pounds ($31 billion) of loans to small companies to jump start the British economy.

The problem is George, that they are only lending because you are guaranteeing the loans (Just like Fannie Mae in the sub prime crisis) and at the same time you are telling the world to pay off their debt for the sake of the economy.

Do you want more debt (guaranteed by the government) or less debt?

Lending to the productive economy is good, but when done without changing the rules of how money is created in our economy, you are simply guaranteeing the ponzi scheme that will lead to the eventual default and banking crisis I talked about in my last video.

You are now on the hook for a bigger banking bailout when the inevitable happens and that will make the riots bigger when the bailout money is used to maintain bankers bonuses again.

We have been told that the National Loan Guarantee Scheme – the insurance program to underwrite money raised by banks in wholesale markets – may also be expanded to “up to 40 billion pounds”.

Guaranteeing loans and forcing banks to create more money as debt can only lead to further problems.

Couple this with the Bank of England’s 275 billion-pound quantitative-easing program, whereby the central bank creates money to buy government bonds (More money as debt), and we are right on target to my Great Depression of 2013 forecasts.

There are other ways George…

Stop creating money as debt and blessing the banks with a special billion pound subsidy of our privatised money creation sector and change the rules of money and banking.

Stop guaranteeing loans when you are in charge of the most insolvent bank account in the UK.

Here is our way of getting money to small business, but you have to do your part George too – change the rules of money and banking and we are here to help you reach sustainability.

See you at the riots during your next round of banking bailouts.

Oh yeah, the publisher promised me the book ‘Bank To The Future: Protect Your Future Before Governments Go Bust’ will be on Amazon before Christmas. Hopefully we can get a copy to George to put under his Christmas tree with full proposals for business, the government and how to protect yourself.

Give our country the best Christmas present ever and stop banks creating money through loans. Anybody have his address so I can send him a copy?

Simon Dixon

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