Tag Archives: Abuse

Student Debt . . . Society’s Shame!

According to the Office of National Statistics there are now 3.3 million young adults living with their parents. That’s 618,000 young adults (aged between 20 – 34) more in 2015 than in under a decade ago in 1996. Or to be more precise . . . That’s around 1 in 4 young adults were living with their parents in 2015!

As we delve further it gets more unpleasant, as we see that the percentage of young householders has decreased from 55% to 30% for 24 – 29 year olds and from 68% to 46% for 30 – 34 year olds, in that same time frame.

Neoliberalism sets out to create a rentier Society, where feudalism can flourish because land ownership is retained in the hands of the few. To ram home the point 91% of 20 – 24-year-old householders . . . YES 91% . . . live in rented accommodation, meaning just 9% own or are buying a home of their own.

The UK government tells us it wants to increase the number of affordable properties available for the young, supported by the other political parties who have raised this issue. This is lunacy of the worst and most despicable kind where our young are being financially crippled with student debt by that same government.

What possible logic is there in robbing the young before they have a job and then declaring that a ‘caring’ government’s solution to this problem is a ‘soundbite’ that might create a meagre supply of homes that would be affordable to some of the people they are enslaving in debt?

The lunacy becomes mind-numbing when we now hear that 73% of students will have some debt written off. If this is true, then what possible point was there in nearly doubling the average size of personal student debt in the first place?

In the US it gets even more horrific, as over $1 Trillion of student debt is viewed as a trophy of neoliberalism. Indeed, the government has actually changed the laws on bankruptcy so that they prohibit students from taking this course of action when debt becomes too much. However, the law continues to allow corporations this avenue of escape when their debts become too onerous.

Following this progression, it begs the question as to whether this unpleasant form of neoliberalism will cross the Atlantic, like so many other financial practices, to further persecute our young?

What we must not lose sight of here is that with the threat of even more odious trade agreements now being signed into law, (with supposedly no way of taking them off the statue books once they arrive), will bankers have the legal clout to enslave our young – and everyone else – in debt repayments, with no legal means of reprieve?

We create our world from what we believe in and our dominating beliefs dominate how Society conducts itself. Currently the purveyors of neoliberalism have the floor and their greed will be their eventual downfall because they are totally unaware of the type of Society they are breeding.

If we get down to basics, natural laws are by far the most powerful at work on this Planet and they are now being contravened big time! Not matter what type of living creature you are, be they animal or human, there is an overwhelming drive to ‘leave the nest’ and strike out on your own to carve out your own life. We see this at its most pronounced with fledgling birds and even lion cubs, where the parents will forcefully drive their young away to begin their own lives.

Human beings, being the most ‘intelligent’ of the Planetary species however, are arrogantly ignoring this most basic of drives and actually impeding this natural progression of its young. This greed driven action will have disastrous repercussions as our young become more and more disenchanted. Not because they are ambitious or violent but because they are trying to answer the call deep within each of them to ‘set up their own nest’ and breed a family.

Neoliberalism lacks any moral conscience and because it lacks the intelligence to work out that true power comes from nurturing those you wish to have power over, it is breeding a terrorist Society of the future. The young, we know, are easily drawn to terror organisations and other rebellious groups such as the evermore successful hacking groups.

It is not that they are inherently violent or want to kill. They simply see it as the only course of action, to try and right the wrongs being heaped upon them. Every explosion or release of secret documents into the public arena is a victory against this abusive establishment that is intent upon growing feudalism.

They are too intelligent to be returned to this medieval form of control (they have an expensive education to prove that!) and resistance will become stronger as long as neoliberalism is allowed to continue to dominate our culture.

The young are our future. What we sow in their young minds dictates tomorrows culture. We cried out that all young, no matter what their social standing, should have access to first class education and all we did was create a huge class of the indebted, with no chance of the promised jobs with which to repay that debt.

Society must hang its head in shame that we are not nurturing our future Society to look after this beautiful Planet. Instead, we are fomenting conflict and destruction that could escalate to unthinkable levels of destruction with arrogant, uncaring and bloody-minded governments.

Another ‘Wake Up’ call that is not getting sufficient exposure to my mind.

Until the next time

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes

2016 . . . Feudalism is Returning

The private banks have argued for a long time now that the issue of money should be exclusively theirs. They further argue that to allow governments this power would see political abuse of the monetary system. It is a sound argument, which has allowed financiers to amass not only great wealth but also vast power that now, as we are seeing, is usurping the powers of elected governments and eradicating democracy.

The end result of this is that in this 21st century we are being taken back to a feudal Society, where the people own very little and are enslaved by debt.

In feudal times the peasants (people) were allowed to farm and cultivate plots of land by renting that land from the powerful (Barons). They rarely achieved ownership of the land they worked because a large portion of what they grew was taken by the Landowner as rent for the land. This kept the people at a barely subsistence level from what they farmed. If they had a poor year they incurred debt, because of inadequate supplies of crops with which to pay the rent. If they were unable to ‘grow their way out of debt’ they were enslaved in serfdom.

I see many similarities between then, when Magna Carta came into force and today. Our private money system has created a property boom which is now pricing property at such astronomical rates, more and more people are being returned to renting their own home, or denied that opportunity, with little chance in the foreseeable future of this situation changing . . . A rentier Society.

Technology is being allowed to replace jobs with no political will to lead a vision of employment in this new era. Already the young are consigned to a form of slavery, as educated graduates, burdened down with debt, are finding it less and less possible to engage in a career with a meaningful future and income opportunities, leaving them with no option than to rent their homes . . . A rentier Society.

Cash is being abolished to enable our money to become wholly digital to support negative interest rates, where we pay the banks to look after our money! This means we will have no independence or control over our finances, as was the case when cash ruled. We will soon see our money frozen at the press of a button if we somehow transgress. Remember what happened to Julian Assange and Ed Snowden . . . all accounts frozen without any judicial process to confirm their guilt . . . A financially repressed rentier Society.

Given such a lacklustre environment in which Society is expected to function it can only mean a return to the feudal times of centuries ago. And this in a time when we can send people into Space and perform the most miraculous of medical operations and healthcare.

Nowhere is this more obvious than the odious TTIP trade agreement, which is being forced upon governments around the world. It will reduce populations by 50% by starving people, abolishing pensions and spreading poverty, according to Michael Hudson in an interview with Bonnie Faulkner this month (I am indebted to T J Greene @greentak for this one) http://www.nakedcapitalism.com/2016/02/michael-hudson-discusses-the-new-global-financial-cold-war.html

This supposed trade agreement is to force privatisation and disable government regulation.

. . . And I quote:

“There are a number of related aims: to nullify environmental protection regulations that cost money, to nullify protection of labour, and to nullify attempts to tax natural resources or economic rent. The idea is to turn roads and the transport system into toll roads, which will be owned by foreigners and run at a high charge. The Internet and the water system will be sold off and made into toll systems, to charge for their services and for other basic needs. This will impose a neo-feudal rentier economy throughout the world as the finance, industrial and real estate (FIRE) sector takes over the government sector.”

. . . And just to hammer home the point:

“The neoliberal plan is to create a post-industrial society. By “post-industrial” I mean a neo-rentier economy returning to feudalism. Instead of governments taking the lead and providing basic services at a low price to become a competitive economy, neoliberalized governments sell roads and energy, electricity, water and sewers to buyers that are going to charge whatever the market will bear. This is going to impoverish the country. It’s the opposite of what development economics taught through most of the 20th century”.

Austerity becomes a lot clearer when you realise that all of the debt slushing around this beautiful Planet is now so vast it has become unrepayable. The bankers have engineered this so they are now able to take repayments in the form of sovereign services, transport services, health services and water and sewage systems.

We are returning to a feudal society, by way of debt, that has been allowed to grow beyond prudent levels. Greece, which I rant so much about, is a precursor of what is to come. Where a country is simply broken up to pay odious debt that has been foisted upon its people by irresponsible bankers, aided and abetted by equally irresponsible politicians. Their beautiful islands are being sold off at rock bottom prices like some second hand car auction. TTIP is preparing us all for such action!

In spite of looking very black, there is something within me that continues to say “there will be a turning point”, as there always has been throughout our history. These tactics were tried after the 1929 collapse and seen to fail miserably. John Maynard Keynes, no less, preached against such action and was shown to be right. Financiers think they know better these days and only time will tell.

Very much in our favour now is the fact that we are no longer the global serfs of centuries ago, as I have said before. We are much better educated and with the powerful means of communicating with each other globally. When and where that turning point will be I really don’t know but happen it will . . . We simply have to believe!

(As an aside, you may not be aware, as I wasn’t, that 800,000 names (2% of eligible electors!) have ‘dropped off’ the electoral register, following changes to the way citizens register to vote in the UK. That’s 800,000 people entitled to vote who no longer can help to change things. The National Voter Registration Drive – #NVRD – is driven by passionate people who are rising up to address their governments failure to manage and nurture a ‘healthy’ democracy. Actions like this are on the increase and happening everywhere . . . hence my optimism!)

Awareness breeds understanding and understanding breeds change.

Until the next time

 

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes