ENGLAND EXPECTS 420,000 EXTRA TEACHERS NOW CLICK TO VIEW AND LET NO MEAN THOUGHT OR MEAGRE MIND STOOP TO COUNT THE COST. IT IS FREE. LEE Two young twerps are now running our country... ruining it to be precise... and the root cause of their folly is arrogance and ignorance. George Osborne studied history at university, did a spot of journalism, joined the Conservative Party, and now thinks he’s qualified to manage Britain’s finances. As for David Cameron, he was taught the failed economic model from the Friedman era, the one that is fundamentally flawed. He knows only how to cut spending and cut spending... like a dog chasing its tail. For them I have a plan: it is to overthrow their government and bankrupt its leaders. In this presentation I will show how 420,000 good men and women, thrown onto the scrap heap by two young twerps, will be the catalyst for transforming the education of our children and the way we manage our affairs in that place called parliament. Not only will we enforce the creation of 420,000 extra teaching posts at zero cost, our plan will cut government borrowing by £15 billion per year. Imposing our plan on the two young twerps - and other dimwits at the Treasury - will require only that teachers are prepared to strike, with other workers supporting them. Working parents will then have to stay at home with their children and all manner of industry will be dislocated. How long then before the government surrenders... and the transformation of Britain can begin? (CLICK) “ What goes around comes around ” Every cheque drawn against a loan at one bank is deposited into an account at another bank. The money goes out of one account and comes back into another. It might come back into an account at a different bank, so that one bank will be better off and the other will be worse off. But if all the banks lend each other their overnight surpluses, to cover the overnight deficits of other banks, they can all create loans, charge an interest, and keep the circular flow of money continuing endlessly... with very little money being needed to be in the business of banking. Till 2010 the money needed – the ‘core’ capital – was just 2%. But the system assumes that the banks will keep lending to each other. If that stops – because they’ve been too greedy and run up bad debts – they stop lending to each other, the system collapses, the banks go bust, and the people’s bank, the Bank of England, is obliged to bail them out. The banks discovered the multiplier long ago. Economists discovered it in It was a ‘eureka’ moment when Richard Ferdinand Kahn discovered the multiplier at Cambridge University. He was a pupil of John Maynard Keynes, the greatest economist of the 20 th -Century. Keynes then built the multiplier into the architecture of the Keynesian model... to eliminate unemployment. The multiplier comes in many guises, one being the TAX MULTIPLIER. If the government borrows £1 million to pay the wages of extra teachers, about 40% of that £1 million (£400,000) will be recovered immediately in a variety of taxes. That leaves the teachers with £600,000 to spend with others in the community... which increases their income by that amount and they too pay taxes of about 40% (£240,000)... and so the process continues into several rounds of new income arriving, paying taxes, and passing the balance on to others... to pay taxes and keep the remaining parcel of money moving until there’s nothing left to be taxed... and the government has collected in taxes the amount it borrowed in the beginning. And now I hear them say that they don’t want to borrow more money, they want to borrow less. I hear them say that it’s important to keep the money markets happy, to preserve Britain’s credit rating and bring down the future cost of borrowing. I agree, so why not bring the cost of borrowing down to zero? QUESTION. If you own a bank, would you go to the money market to borrow or to your own bank? Stand in the corner with a pointy hat if you get it wrong. ANSWER. You go to your own bank, the Bank of England and pay whatever interest they want, because we own the bank and get it all back. (CLICK) INSTEAD OF 420,000 TEACHERS COSTING £15 BILLION EACH YEAR IT WILL BE THE ZERO COST OF MONEY FROM THE BANK OF ENGLAND. INSTEAD OF 420,000 WORKERS BEING ADDED TO THE DOLE QUEUE, COSTING BENEFITS EACH YEAR,THEY’LL PAY £15 BILLION IN TAXES. (CLICK) ENGLAND EXPECTS DAVID CAMERON, GEORGE OSBORNE, NICK CLEGG AND MERVYN KING TO ADOPT THIS PLAN OR FACE THE CONSEQUENCES. BANKRUPTCY PEOPLEPOWER will contest every seat at the next general election and seek a mandate to hold politicians and civil servants personally liable for the harm they do. Those named above will not only lose their assets, they’ll lose their pensions too. (CLICK TO END)