My thoughts on the UK Economy and its foundations and what it promotes as a culture, debt, the easy buck…..’Casino Banking’ the dominant or guiding culture. A large if un=calculable part of our economic base…our base as a people.
Whilst the times are good for everyone when good, they are disproportionally bad for some when bad. Unjust, out of equilibria. As Mark Twain put it – a banker will lend you his umbrella when it shines! Enjoy, quite long, but kinda got into it…been an issue i’ve long hard toiled with.
Qualitative Easing
Wind sweeping west of Barking’s centre
Swiftly toward…..our Wharp’d financing mentor
Seen off with an air of fear and despise
Gambler’s paradise – no signs of reprise
Lush, no.
Excessive, yes.
Culture rived – more and less!
Not by coincidence our dependency cogs
The Greyhound Economy,
aptly, The Isle of Dogs.
When I first sat Economics, Edinburgh, 2001
Efficiency, resources, choice…equated the sum
As the years rolled over, probability took grip
The Bell Curve, 95 per cent confident……5% slip!
Tuition fees in search of degrees
18 year olds – straight to their knees!!
Shop-workers, cleaners……all, more VAT please
Another consequence, the Wharp’d squeeze
Bail us out, inject more money
Trainspotting – wasn’t a funny.
Curbing such a re-current sting,
Short term no longer the thing.
Thus why not? without a wink
aim to Sail? not fly, nor sink.
Emanate, float….maybe even skim some sense
But families and students…..ethical fence?
Incredibly leveraged philosophy of ease
Again……short term disease!
Keynes leverage – “A gay and light heart to 15 per cent”
Cur-Tails the credit……culture less spent
Banks keeping a rainy day egg!
Set an example……less Mystic Meg
Time to make the change?
Increase diversity…offered range
a pragmatic economic base
short term respected…long term embrace!
From this day fertile, one-day innate
Joyce – Simples, and closer to Great!!
But really…what the buck?
Karmonic, fate or just bad luck?
This is Britain and we’re all in debt
Each and ALL….rod broken, slender net
Interest rates sit with little grace
Confidence, the lowest of base
Does that in it-self not give us a clue?
Nothing to do with luck
but karma in blue.
How in ever do we climb back on the horse?
MPC (Monetary Policy Committee), tread the Japanese course.
To annually observe a wage > bonus structure
……of the gambling banks……in light of flucture!
Inflation, wealth creation…(Accounted, within a cyclical form)
Guide’s us closer……more qualitative norm!
Not stranded……nor need for inequitable lean
upon approaching an allusive 3rd green
wedged in long grass by the stagnant lake
loft v distance revised,
FUTURE’S SAKE.
The Global System, currently the will
Paper-trail.
Can change live within the till?
The Great Banking Famine
No rod, no net……nor nibble of salmon
Poor friends in Dublin’s Dall (Dail)
Parents, workers…children – again all
Lenihan, not his fault….a puppet in play
Bank’s dictate the questionable way
Disparities of the market reconcile with time
Choice; penny’s worth or nickel & dime?
How will our children’s evolved view
…judge our legacy of choice
false or true?
Some will worker harder & some less
But we’ll all pay – pawns & chess
The time of consolidation
or a time for consideration?
Students of the day, the morrow – rightly protest
Some peaceful, others arrest
Either or, a collective will
Whims of the magnet, coin in the till
The free market exists no more
No form in tally, merely toted score
Markets manipulated by wrath of stake
Enterprise, innovation – a dormant lake
Or more like a puddle if grossly compared
But with wind in our sail……journey faired
An economy of Arts, Food and Cloth engineered
Sailing boats….steadily steered
Efficiency, resources and choice in employ
a thought toward 2011 – less reliance…more coy.