Saturday, 5 November 2016

World's Future Existence CAN ONLY be Guaranteed by the People and not the Establishment Elite Who Destroy Planet Earth by the Year


Image result for george booleImage result for michael faradayImage result for newton calculusImage result for einsteinImage result for world wars 111Image result for climate catastropheImage result for world povertyImage result for UN population world 2100







Image result for UN population world 2100

The graph above has enormous future problems for the EU as Africa has the greatest growth in global population and migration will not cease. The question is, how can Europe including the United Kingdom prevent a population catastrophe happening. The answer, only by the 'West' investing now and continually in Africa to make it self sufficient will unimaginable migration be stopped and that is a fact.




World's Future Existence CAN ONLY be Guaranteed by the People and not the Establishment Elite Who Destroy Planet Earth by the Year


The Elitist System is a false one and it is not coming from the right wealthy background or highest educational institutions where genius and creativity reside, but in people with little educational qualifications and from poor and middle-class backgrounds

The elites tells us that they know best, but where they tell us this for their own financial wellbeing. We cannot do without them they say. Ask any powerful banker and he will tell you the same, but where this section of the elites has caused more mayhem and suffering around the world than most.

When we really study the people have real intelligence and creativity, we find very few indeed who come from the elitist background.


Examples of this are such people as,

1. George Boole  - Inventor of the ‘0’s and ‘1’s that drives the digital revolution

Without Boolean Algebra the WWW and computers just would not operate. It took a man with no formal qualifications whatsoever to invent the means so that the modern world could operate and function, not a professor for example, from any Ivy League or Oxbridge university to do this

Boole came from a poor family (his father was a lowly shoemaker) and was a totally self-educated mathematician who had no degree whatsoever from any educational institution. He was all self taught, but where he determined the mathematics of Boolean algebra. Indeed, because his mid had not been corrupted by the establishment mindsets of learning, his mind was allowed to flourish and enable genius to emerge. But where he had to make his way in life to show the elites that he knew better than they did, which he did, or otherwise they themselves would have created Boolean algebra. It took years for him to be accepted as a mainstream mathematician but where eventually with no qualifications he was mad professor of mathematics at Cork University. His genius was so great that eventually the most prestigious scientific institution in the world that Newton partially developed, The Royal Society’, made him FRS. The first person ever to be awarded the Fellowship of the Royal Society without a single degree.

Therefore the elitist system when looking at Boole alone is totally flawed and where it can be seen as a mirage in many ways to keep the elites in charge through the constant brainwashing of the people into thinking that the elites are the ones with the brains and ideas.  They certainly are not and even Gates had to buy the brains who invented MS-DOS, the most important think that has made Gates the richest person in the world. But truth is, he simple just bought the invention and with a bit of bluff with IBM, the rest is history. So he has not a creative brain or is a genius in any way whatsoever. Lucky maybe and being in the right place at the right time with rich father, but certainly not a person with an inventive or creative brain. Gates is therefore a fine example in the corporate world of a person with little creativity and at the opposite end of the genius spectrum to Boole.


2.  Michael Faraday – Inventor of the Means to Create Electricity at Will

Michael Faraday is given the courtesy title of the ‘Father of Electricity’. The reason for this was that no-one else had invented a means to harness and create electricity at will and for the use that it is put today. Indeed without Faraday’s inventions the modern world would not be as it is today and no modern day computer or infrastructure system would be the case. In this respect also, without electricity on demand, the modern world would soon come to a full stop and our standards of living would decline very quickly. For electricity-on-demand is the economic and social life-blood of all modern economies and the world-at-large. Without it they and the modern world, just simply could not function. Therefore Faraday’s genius was without doubt the main reason why the world is as it is today, as without it, life would be totally different and less rewarding by far – no matter if you are the richest person in the world or even someone  who sleeps rough on the streets, as both gain from invention of electricity even though both at the complete opposite ends of the wealth spectrum.

Faraday was born into a poor English family (his father was a lowly blacksmith) and where he only had rudimentary education up to the age of 12 years and starting out in life as a lowly bookbinder. But although he had little education he had the intelligence and interest to read some of the manuscripts that he was binding, often borrowing those to read at home in his private hours before they were provided to the authors. Faraday soon found that his interests were in the emerging field of scientific-engineering and read avidly what scholars were stating.

There are many references to Faraday on the WWW, so we shall not go into the full details of his life, as this can be researched fully by any reader. The fact is though, that Faraday invented possibly in world history, the no.1 invention of all time as most other inventions that have revolutionised the world, need electricity to function; the WWW being just one example.

Therefore Faraday again shows that the elitists do not produce the things that make people’s lives better and where even Faraday knew the full worth of the Establishment and the elites, declining a knighthood from HM Queen Victoria.


3.  Sir Isaac Newton

Newton although he eventually worked for the Establishment was not one of them when he started out in life. His father was a farmer who was completely uneducated and could not even sign his own name. At Cambridge Newton was enrolled for a BA degree (there were no BSc degrees in this days and degrees in the Arts)  and where he was a poor scholar. Indeed he lost his ‘groats’ (a financial deposit if you did not attain a certain level) and was awarded the lowest BA degree that Cambridge could bestow on a student. Indeed at the time his far wealthier contemporaries (the elites of their day) stated that ‘nothing would ever come of Newton’.

But Newton with an uneducated father, who could not even sign his own name, became debatably the greatest scientist of all time. This again shows to a great extent that those who come from the elite families and dynasties are not the ones who give, but actually take all the time if people have any intelligence?

Newton did not start to show the ‘real’ Newton until after his formal Cambridge education was completed.
For although Newton never studied for an MA formally (people did not do that at Cambridge at the time) he was awarded this degree due to the fact that he had stayed on at Cambridge for a few years after his BA degree and had become a tutor. This change allowed Newton’s mind to flourish and to be drawn towards scientific discovery that were basically outside the confines of classical Cambridge education. With this new liberalisation, he started to think differently to those elitist contemporaries et al who had scorned him in the past and the rest is now history.

Therefore again Newton is like Boole and Faraday in many ways, not having the privilege of an elitist upbringing or vast wealth. Considering this fact again, the  establishment elites that constitute approximately 73 million people out of 7,500 million people currently, are not of the Newtonian kind and where they actually create little that benefits the human experience or humanity in general, only themselves.
 

4. Albert Einstein – Thinker of a New World of Science

Einstein was born into a middle-class family where his father was a salesman and partner in an engineering business that failed. Initially Einstein failed his entrance examinations to higher education and had to resit them. He did not consider that the rigid educational system was conducive to creativity and learning in general and was in many ways a maverick in his outlooks on education. Einstein was certainly not one of the elites or establishment and in many ways resented their ways. But over his lifetime he changed the mindsets of the scientific world to one of new horizons, based upon the understanding of the universe itself.

There are many articles on Einstein and any reader can research his life and achievements, but where he is another example that the establishment elites do not change the world themselves, but rely totally on others. Therefore according to the history of the world, it is others from the working-class and middle-class who actually change the world and where history cannot lie. Unfortunately the elites and establishment do not wish to accept this truism of the first order, but use the thinking and inventions of other for their own personal vested-interest, giving very little back to humanity.

Dr David Hill
CEO, World Innovation Foundation
5 November 2016


References:
Why the 'Innovation Chain' is so Important for the Future World and Why things have to Change for Humanity – https://worldinnovationfoundation.blogspot.co.uk/2014/02/why-innovation-chain-is-so-important.html

22 things creative people do differently than the rest. If you’re creative, you will understand… - http://justsomething.co/22-things-creative-people-do-differently-than-the-rest/

The ‘Establishment’ Makes Amends but where the ‘Establishment’ does not change its spots when it comes to its own - https://worldinnovationfoundation.blogspot.co.uk/2013/12/the-establishment-makes-amends-but_720.html


Ian Pearson’s Futurizon - http://www.futurizon.com/

Globalization has failed Humanity and Capitalism will ultimately dispatched the Human Experience to the ‘Ashes of History during this century - https://worldinnovationfoundation.blogspot.co.uk/2016/10/globalization-has-failed-humanity-and.html


Visions of the Future World - Politics is all talk because politicians and political pundits have not a clue how to create a dynamic and prosperous economy, other than in mere intellectual words and hyperbole that always leads to nowhere for the people’s future and the future of all future generations to come - https://worldinnovationfoundation.blogspot.co.uk/2016/08/visions-of-future-world-politics-is-all.html


Ray Hammond Futurist - http://www.rayhammond.com/

Is War Inevitable or is it Planned by Powerful People Behind Closed Doors in the Interests of Personal Economic Gains? Daesh could be an indicator of the Truth - https://worldinnovationfoundation.blogspot.co.uk/2015/12/is-war-inevitable-or-is-it-planned-by.html


CONTROL - The Most Powerful Word in the World and What Corporate Leaders and the Political Elite Crave For to the Extent of Being Psychopathic in 'Their' Thinking and Actions Against the People - https://worldinnovationfoundation.blogspot.co.uk/2015/01/control-most-powerful-word-in-world-and.html

MIT Technology Review - https://www.technologyreview.com/

Global Containment and Control - The 'Game' of Controlled and Systemized Human Conditioning - https://worldinnovationfoundation.blogspot.co.uk/2015/02/global-containment-and-control-game-of.html


Where do we go when we die? A simple question from time immemorial and where it depends on whether we are good or evil ultimately - A personal take - https://worldinnovationfoundation.blogspot.co.uk/2014/09/where-do-we-go-when-we-die-it-depends.html

Globalization has made our economies more vulnerable to climate change - https://www.weforum.org/agenda/2016/07/the-earth-really-is-getting-hotter-and-we-re-poorer-for-it/

The USA's and UK's economic Decline' is due entirely to our political classes' Inept Management of their respective economies and where they have given Control over the lives of 90% of the people to the Powerful Corporations and with that, total control over our political leaders. Unfortunately with the Emerging and Dominant Asian Economies this will lead to even more extreme poverty for 9 out of every 10 of both the American and British people - https://worldinnovationfoundation.blogspot.co.uk/2014/06/the-uks-and-usas-per-capita-decline-in.html


With Global Natural Resources Running Out this will lead to Global Wars that will Destroy the Human Experience if Political Leaders and the World's Most powerful Corporations Do Not Come to their Senses over the next 20-years - https://worldinnovationfoundation.blogspot.co.uk/2014/05/global-resource-running-out-will-lead.html

A Decade of Evidence Demonstrates The Dramatic Failure Of Globalisation - https://off-guardian.org/2016/08/24/a-decade-of-evidence-demonstrates-the-dramatic-failure-of-globalisation/

COP 21 (Climate Change Agreement) - Welcome to 'Planet Hell' in a Mere Generation - https://worldinnovationfoundation.blogspot.co.uk/2015/12/cop-21-climate-change-agreement-welcome.html

Free Trade Has Failed Because It’s Neither Free Nor Fair - http://economyincrisis.org/content/free-trade-has-failed-becasue-it-isnt-free-or-fair

The KINGS of KINGS and Masters of Humankind's Ultimate Kismet - the 'New' WORLD ORDER that will eventually dispatch Humankind to Oblivion and its Ultimate Extinction - The Greed of the Few Combined with Our Planet's Natural Resources Running Out will make this Inevitable...We have to Change Our Development Mechanism from Corporate Globalization to Sustainability before we have Used Up 'All' the Non-Replenishable Natural Resources of the World...the planet belongs to all of us NOT the Few ! - https://worldinnovationfoundation.blogspot.co.uk/2014/08/the-kings-of-kings-and-masters-of.html


Corporate & Political Sociopaths and Psychopaths are Destroying the World Order, but where the Political and Corporate Psychopaths are Not aware of what they are doing to the world-at-large - Globalization is the Weapon they are using to Sequentially destroy the planet and the People are the Only Ones who will ultimately suffer, not the rich and powerful who have created this monster - https://worldinnovationfoundation.blogspot.co.uk/2014/12/corporate-psychopathy-is-destroying.html


Global Poverty and Inequality are the Reasons for Wars and our Politicians and the Super Rich should Clearly Understand This ! - https://worldinnovationfoundation.blogspot.co.uk/2014/01/global-poverty-and-inequality-are.html



Saturday, 15 October 2016

Globalization has failed Humanity and Capitalism will ultimately dispatched the Human Experience to the ‘Ashes of History during this century



 Image result for clinton foundationImage result for clinton foundationImage result for clinton foundationImage result for clinton foundationImage result for blair associatesImage result for blair associatesImage result for blair associatesImage result for tony blair greedImage result for tony blair greedImage result for rich corporation billionairesImage result for rich corporation billionairesImage result for worlds biggest corporations



Globalization has failed humanity, but what did you expect when capitalism the big decided of everything driving it, has failed 90% of humankind. For today the vast majority of the people’s wealth is even more divided than ever and before globalisation started in earnest some 45 years ago. In this respect in 2016 it is estimated that there are some 6,650 million people either living in dire poverty (starvation level to living day-to-day survival level) or existence level (living week-to-week) and a mere 730 million living a world of plenty and no want. Indeed, the United Nations now estimate that by the turn of the next century around 2,100, the human population will be around 11,200 million (the average projection, but not the most severe enlargement) and an increase of nearly 4,000 million humans. Using common sense solely these dire statistics are a sheer recipe for major global conflict and the possible extinction of the human experience forever.

Therefore globalization will ultimately be the death of human civilization and not its saviour through universal wealth distribution, as proclaimed and forcefully supported by the majority of the world’s leading economists and political leaders in the West from the 1970s onwards and even today.  This is the biggest lie ever and you can ask all the 10s of millions of unemployed US citizens and EU workers who have lost their jobs to the low-cost labour economies of the world over the last 15 years due to globalization for confirmation of this fact.

What has caused this is the big question and the capitalist system to collapse for the many? Well, over the last fifty years there has been more and more career politicians who have taken over from the once ‘we will do our best for the people’  politicians. These new-age politicians have been those who go into politics not to do their best for the people, but to do the best for themselves. This change in political mindsets have engaged with the wealthy more than ever and where because they go into politics to do best for themselves financially, the people have simply become secondary to the main issues that now drive our political leaders and politicians per se.  Examples of this abound now, where US presidents and British prime ministers have become part of the super-rich elites themselves after leaving office. Indeed in the decades gone by before the 1970s, presidents and prime ministers never became so rich, but they certainly do today.

But what has happened so that this has happened to politics? Well, political leaders whilst in office have feathered their corporate nests like never before and basically sold their souls to the corporations and the wealthy that control these vast global corporations.  The people have become just mere pawns in the who politico-corporate enterprise and where basically western leaders have now no real concern for their people, only for themselves.

Indeed our political leaders allowed the 2008 financial meltdown to happened, as Greenspan told them all in early 2004 that if the financial markets were not reined in, a total meltdown would happen. What did our political elites do? Absolutely nothing other than to liberalise the markers even more and where in the UK as an example, you could get 130% mortgages with very loose financial checks.  

But the overall reason was that our political leaders were doing the bidding for their corporate and wealthy masters behind closed doors and where officially since 2009, the top 1% and to a lesser degree the top 10% have increased there wealth substantially. This is of course contrary to the majority 90% in the West (the US and EU predominantly but generally across the world), who have lost their life savings and their children’s futures. Indeed the majority are now more impoverished than ever before and even in relative terms to the times of the ‘great depression’.

Indeed don’t think either that what your political leaders state is the truth and what they are going to do, as you will be let down nine times out of ten. In this respect a prime example of this is when Obama after the financial meltdown told the American people that he was going after the Bankers who had caused the greatest economic crash to the system in 80 years, impoverishing the vast majority of the American people. Obama made this clear in White House broadcast across the nation. But a week later according to ‘leaked’ documents that emanated from an intern within the White House itself, he held a meeting behind closed doors with all the major bankers that he was supposingly going for. But contrary to what he had told the American people the week before, what these leaked documents stated was that Obama told these bankers who had ultimately caused the ‘crash’, that he was the only thing between them and pitchforks, but he was not coming for them. This is a democratic president whose party is supposed to be for the working class and not for the top 10%, but where he certainly is not on this score. That is why because of this highly significant White House leak, Obama now actually hates journalists who publish such things, that although are definitely in the interests of the American people to know about, shows his total hypocrisy, his total lack of responsibility to his people and his untrustworthy nature that resides within himself. But, ask yourself one thing though, have you heard of this leak as it was not published by the majority of mainstream media? The reason is you will probably not, as mainstream media are hand in glove with both corporate power and political power that work as one in cover ups. But again the truth of the pudding is in the eating as they say and where none of the bankers to this day that ultimately caused the financial meltdown and so much harm to the American people (and the world-at-large), have been brought to justice by Obama, prosecuted and served a jail sentence whatsoever. That is the clear truth of the matter and where Obama’s words to his people were basically all lies. So never believe what a political leader tells you as usually they are lying between their teeth although they look completely genuine. For basically that is one of the traits that they all have in order  to get to the top in the dog eat dog world of ‘conning’ politics. That is also the reason why there are all these wars, as leaders constantly lie and are continually economic with the truth(Bush and Blair prime examples here). This is the ‘real’ world of politics and a ‘dark art’ in many ways.
    
We now have a world where officially according to Credit Suisse’s ‘Global Wealth Report’,  just a mere 1% own over 50% of the world’s total wealth and the top 10% own 86% of the world’s total wealth, leaving an unsustainable wealth for the 90% of a mere  14% (many in the West). The figures are staggering and where 6,550 million humans control less than 1/7th of the world’s wealth and 750 million control 6/7th of the world’s wealth. But the worst outcome of what our political leaders have allowed to happen through globalisation and previous cohesion, is the human suffering, starvation and futures of the vast majority of the world’s people on the altar of greed and personal profit of our political leaders and richest corporate paymasters working together. This system has decimated the many and where they now languish in poverty and debt, paying off their nations and their personal induced debt through the greed of others. Indeed their system of control has now created our young coming out of university with vast debt as they start their lives and working like modern day surfs for those who control our politicians behind closed doors. This is part of the system of control that they now implement to keep the majority down from an early age and where in the US, student debt after leaving higher education is now $1.3 trillion, another astonishing statistic, but all brought about by those who control the globalisation process. This debt never existed just a few decades ago, but of course, it has all been planned behind closed doors again by the rich and powerful, implemented by their puppet political leaders.

The TTP, CETA and TTIP are the mechanisms that the rich and powerful are presently using to consolidate even more wealth into the hands of the very few (politicians and the top 1%). Indeed it is projected that if these deals go through most of the world’s people will be further impoverished and where the top 1% will control over 70% of the world’s total wealth by 2075 and the top 10% will control over 90% of the world’s wealth, leaving a mere 10% for what will then be a projected people population of under-class of 8,000 million humans. The writing is on the wall, but with our political leaders now being totally controlled by the top 1% and their doers, the top 10%, nothing is going to change and where global war is inevitable using common sense again.

But the greatest tragedy has yet to happen after 2075 and where as the population of the world increases to at least 11,200 million by 2100 according to the UN, the human existence will have totally collapsed, as there is no other way to go.

Considering what is happening and how humans are being manipulated to their ultimate demise, the people have to start creating a new world order, where our politicians are not politicians for the rich and powerful, but ‘back to the future’, where politicians are for the people.   For if this does not happen and we do not get rid of the present totally rotten political-corporate control mechanism that afflicts all western nations, we will seal the end of humanity in this present century.  No ‘if’s or ‘but’s about it, as the time is coming when we shall start to see a world that we all shall not like and where 'ISIS' (Islamic State) will be looked upon as just a storm in a teacup to what is on the horizon for humankind.


Dr David Hill
CEO, World Innovation Foundation
15 October 2016


CONTROL - The Most Powerful Word in the World and What Corporate Leaders and the Political Elite Crave For to the Extent of Being Psychopathic in 'Their' Thinking and Actions Against the People - https://worldinnovationfoundation.blogspot.co.uk/2015/01/control-most-powerful-word-in-world-and.html

 

7 Things You Need To Know About The Clinton Foundation - http://www.dailywire.com/news/8561/7-things-you-need-know-about-clinton-foundation-aaron-bandler

 

Corporate & Political Sociopaths and Psychopaths are Destroying the World Order, but where the Political and Corporate Psychopaths are Not aware of what they are doing to the world-at-large - Globalization is the Weapon they are using to Sequentially destroy the planet and the People are the Only Ones who will ultimately suffer, not the rich and powerful who have created this monster - https://worldinnovationfoundation.blogspot.co.uk/2014/12/corporate-psychopathy-is-destroying.html

Tony Blair wanted $35m to build UAE’s brand and influence - http://www.telegraph.co.uk/news/2016/07/09/tony-blair-wanted--35m-to-build-uaes-brand-and-influence/

 

The Destroyer of Worlds...the present Globalization 'model' - https://worldinnovationfoundation.blogspot.co.uk/2014/10/the-destroyer-of-worldscapitalism-and.html 


Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good - http://usactionnews.com/2012/08/obama-has-stolen-5-3-trillion-from-our-children-in-order-to-make-himself-look-good/


Is War Inevitable or is it Planned by Powerful People Behind Closed Doors in the Interests of Personal Economic Gains? Daesh could be an indicator of the Truth - https://worldinnovationfoundation.blogspot.co.uk/2015/12/is-war-inevitable-or-is-it-planned-by.html

How corporate America bought Hillary Clinton for $21M - http://nypost.com/2016/05/22/how-corporate-america-bought-hillary-clinton-for-21m/

 

The TTIP (Transatlantic Trade and Investment Partnership) will be an Absolute Disaster for the People of the EU (European Union) and the People of America (USA) in the long-term - We simply have to Vote AGAINST this behind closed doors Transatlantic Trade deal before it is signed up and too late for the People to do anything about it - https://worldinnovationfoundation.blogspot.co.uk/2014/08/the-ttip-transatlantic-trade-and.html

 

Tony Blair's £5m deal to advise Kazakh dictator - http://www.telegraph.co.uk/news/2016/04/23/tony-blairs-5m-deal-to-advise-kazakh-dictator/

 

The KINGS of KINGS and Masters of Humankind's Ultimate Kismet - the 'New' WORLD ORDER that will eventually dispatch Humankind to Oblivion and its Ultimate Extinction - The Greed of the Few Combined with Our Planet's Natural Resources Running Out will make this Inevitable...We have to Change Our Development Mechanism from Corporate Globalization to Sustainability before we have Used Up 'All' the Non-Replenishable Natural Resources of the World...the planet belongs to all of us NOT the Few ! - https://worldinnovationfoundation.blogspot.co.uk/2014/08/the-kings-of-kings-and-masters-of.html

 

Hillary Clinton Gets $13 Million From Health Industry, Now Says Single-Payer Will “Never, Ever Come To Pass­” - http://www.ibtimes.com/political-capital/hillary-clinton-gets-13-million-health-industry-now-says-single-payer-will-never

 

Global Containment and Control - The 'Game' of Controlled and Systemized Human Conditioning - https://worldinnovationfoundation.blogspot.co.uk/2015/02/global-containment-and-control-game-of.html

 

Ex-UK PM Tony Blair Advised Kazakh President for Estimated $29.1 Mil - https://www.occrp.org/en/daily/5169-ex-uk-pm-tony-blair-advises-kazakh-president-for-estimated-20-mil

 

Democracy died a death when 'Partyocracy' (a party-ruled 'democracy) and 'Corporatocracy' Corrupted the System and became the New way to Control People and run a Nation - https://worldinnovationfoundation.blogspot.co.uk/2014/04/democracy-died-death-when-partyocracy.html

 

Politicians are Allowing Corporations to Kill us - The TTIP (Trans-Atlantic Trade and Investment Partnership) is so evil that our political negotiators are now allowing 'Cancer' creating carcinogenic crop sprays to be used in the European Union - https://worldinnovationfoundation.blogspot.co.uk/2015/05/politicians-are-allowing-corporations.html

 

Bill Clinton's Pay Exceeded $17.5 Million While Working At A For-Profit Education Company - http://fortune.com/2016/08/13/bill-clinton-laureate-pay/

 

COP 21 (Climate Change Agreement) - Welcome to 'Planet Hell' in a Mere Generation - https://worldinnovationfoundation.blogspot.co.uk/2015/12/cop-21-climate-change-agreement-welcome.html


Globalisation in its Present 'Form', is a Totally 'Destabilising Economic Model that Decays business and is Ultimately a Non-sustaining' System at its fundamental base that Predominantly Underpins the Sociopathic and Psychopathic Tendencies of the Super-Rich and Western Political Leaders - https://worldinnovationfoundation.blogspot.co.uk/2015/05/globalisation-is-evil-system-that.html

 

£7m-a-year Tony Blair tells tyrant: This is how you gloss over a massacre - http://www.mirror.co.uk/news/world-news/7m-a-year-tony-blair-tells-tyrant-4100264

 

The Unstoppable Cause of Global Mass Migration and Where 'OUR' Western Political Leaders and 'OUR' Western Corporate Leaders have to Change their Fixation for Power and Wealth Mindsets BEFORE it is Too Late for Humanity to Have a Peaceful Future World Order - For Presently there is not one and if we continue using the Capitalist System as it is today, all Socio-Economic Systems will Collapse in the West and Humanity as we 'Wish' it to be, will Cease to even Exist - https://worldinnovationfoundation.blogspot.co.uk/2015/09/the-unstoppable-cause-of-global-mass.html


The USA's and UK's economic Decline' is due entirely to our political classes' Inept Management of their respective economies and where they have given Control over the lives of 90% of the people to the Powerful Corporations and with that, total control over our political leaders. Unfortunately with the Emerging and Dominant Asian Economies this will lead to even more extreme poverty for 9 out of every 10 of both the American and British people - https://worldinnovationfoundation.blogspot.co.uk/2014/06/the-uks-and-usas-per-capita-decline-in.html

Hackers Get Into Clinton Foundation, Find Hillary Stealing Millions -

http://www.yesimright.com/hackers-get-into-clinton-foundation-find-hillary-stealing-millions/

 

Western Government's Death Wish for Their People - Government does not protect the people anymore as corporate profits are far more important than human life and long-term health - https://worldinnovationfoundation.blogspot.co.uk/2015/08/western-governments-death-wish-for.html

 

Gates Foundation - Is the Bill & Melinda Gates Foundation a Pariah on Society and Humanity? - https://worldinnovationfoundation.blogspot.co.uk/2016/01/gates-foundation-is-bill-melinda-gates.html


Humanity is Entering the Final Stage of 'its' Development Existence, as Corporate Power and Greed, Consolidated Globalisation and the Politico-Wealthy Corporate Agenda Engages with the World's Largest Ever by Far Global Trade Agreements that will undermine the World order, not Sustain it - https://worldinnovationfoundation.blogspot.co.uk/2015/09/humanity-is-entering-final-stage-of-its.html


World War 3 will not be a Military Takeover of the World but a Global Economic Takeover of the World and where the Vast Majority of the World's People will Be Subservient to The Power of the 'Very Few and the Mighty Corporations - https://worldinnovationfoundation.blogspot.co.uk/2014/07/world-war-3-is-not-military-takeover-of.html

Wednesday, 17 August 2016

Don’t Blame BREXIT for Any Economic and Financial Failure of the UK Economy, Blame the Blair Government for Their Mismanagement of the Nation’s Future and Where Debt Exploded and was Unprecedented in the History of the United Kingdom

Image result for uk personal debtImage result for uk total debt PwCImage result for uk debt blairLabour borrowingImage result for uk debt blairImage result for uk blair povertyhttps://pbs.twimg.com/media/CnQkSoYWEAErGvZ.jpg



"Total UK debt was around 540% of GDP at the end of 2009, up from around 200% of GDP in 1987.

This large and persistent rise in total UK debt has been driven by property-related borrowing by both households and non-financial companies and (most dramatically since 2000) by sharply rising lending between financial institutions."

(The Blair & Brown Years - 1997-2010)





The main proponents for staying in the European Union (EU), the financial institutions and the vast majority of UK big business, blame the referendum vote to why our nation is supposingly staggering into the economic abyss. What they do not do is tell the people the truth and even those millions who voted to stay in the EU.  

The truth is that the UK would have been the same even if it had voted to stay in the EU. The real reason is that this country has amasses unprecedented debt that makes it near enough impossible to engineer a future dynamic economy. Indeed the chief economist of Price Waterhouse Coopers (PwC) analysed in 2009 that the nation’s total debt by 2015 was projected to be up to £11.5 trillion or nearly 6-times the total GDP of the UK (note not profit, but GDP which are totally different things).In this respect the chief economist stated that the UK’s debt had increased “most dramatically since 2000” – The Blair and Brown Years. Therefore you can blame Tony Blair for any economic woes and where PwC outlined that due to the mismanagement of Blair et al, the country would in reality be in a terrible economic and financial state for decades.

The following is what the chief economist of PwC stated in 2009 and reproduced verbatim, but  when our economic projections were then far better than they are today in terms of economic growth (GDP) – no nothing again to do with BREXIT.

  •  Total UK debt was around 540% of GDP at the end of 2009, up from around 200% of GDP in 1987.
  • This large and persistent rise in total UK debt has been driven by property-related borrowing by both households and non-financial companies and (most dramatically since 2000) by sharply rising lending between financial institutions.
  • By comparison, UK government debt was relatively low and stable as a share of GDP from 1987 to 2007 and, despite rising sharply due to the recession, was still less than a sixth of total private sector debt in 2009.
  • Total UK debt is projected to top £10 trillion by 2015 at a time when GDP will still be below £2 trillion, according to the main scenario outlined in PwC’s latest UK Economic Outlook report.

  • High debt levels are affordable at present due to exceptionally low interest rates, but this may not remain the case as rates gradually rise back to more normal levels over the next five years.
PwC analysis of official national accounts data (see Figure 1 and Table 1 below) shows that the total burden of debt on the UK economy rose from around twice national income in 1987 to just over three times national income in 2000, but then accelerated much more rapidly to around 5.4 times national income by 2009.  This total UK debt to GDP ratio continued to rise even during the recession of 2008-9 as GDP fell back and government debt rose markedly.

Table 1– Trends in gross UK debt by sector

% of GDP (except for last column)
1987 2000 2007 2009 £ trillion at end of 2009
Households* 63 75 108 110 1.5
Non-financial corporations 45 79 108 122 1.7
General government 47 42 43 67 0.9
Total debt of non-financial sectors 155 196 260 299 4.1
Financial corporations 46 126 221 245 3.4
Total UK gross debt 202 322 481 543 7.5


*In line with standard national accounting practice, this sector includes non-profit institutions serving households (NPISH). This definition applies to all data for the household sector included in this report.

 Source: PwC analysis of data from ONS Blue Book (July 2010). Gross debt is defined here to exclude financial derivatives since these largely net out across the financial corporations sector. Columns may not add up exactly due to rounding.
John Hawksworth, chief economist at PwC, said:

“The UK’s addiction to debt has reached alarming levels during the past decade. The rise in debt of the financial sector from 46% of GDP in 1987 to 245% in 2009 is particularly striking as banks lent large amounts to the shadow banking sector and most financial institutions geared up in search of higher returns on equity. 

Even excluding the financial sector, however, gross UK debt almost doubled relative to GDP from just over 1.5 times national income in 1987 to around 3 times in 2009, with most of this increase coming in private sector debt. For the household sector, this was focused on mortgage lending fuelled by pre-2007 rises in house prices, while for non-financial companies more than half of all debt is now related to commercial property. Other parts of corporate balance sheets remain healthier.

“On the face of it, such rapid increases in debt to income ratios may not seem sustainable, but both real and nominal interest rates (in the UK and globally) fell markedly after the early 1990s and then dropped even further during the recession. This has made it possible to service a larger debt stock relative to income levels, but current exceptionally low interest rates will not last forever and a large part of household and corporate lending remains exposed to possible future falls in residential and commercial property prices.”

PwC’s main scenario is that UK GDP growth will be around 2% in 2011 and average around 2.5% over the following four years to 2015. In this scenario, as shown in Table 2 below, rising government debt as a share of GDP is narrowly outweighed by more constrained growth in private sector debt over this period, so that the ratio of total UK debt to GDP declines slightly from 543% in 2009 to 536% in 2015.  But this is a very marginal change that would still leave total debt near to historic record highs.  Plausible alternative scenarios could see UK debt in 2015 anywhere between 500% and 580% of GDP, depending on both the health of the economy and the appetite of both lenders and borrowers. But in all scenarios the total debt to GDP ratio in 2015 remains very high by historic standards. 

Table 2 – Main scenario projections for UK debt stock in 2015

Sectors
Debt in cash terms (£ trillion) Debt as % of GDP
2009 2015 2009 2015
Households 1.5 1.9 110 101
General government 0.9 1.4 67 77
Non-financial companies 1.7 2.2 122 116
Financial sector 3.4 4.5 245 242
Total UK debt 7.5 10.2 543 536
Plausible range n/a 9-11.5 n/a 500-580

Source: PwC estimates and projections based on ONS Blue Book data for 2009
John Hawksworth, chief economist at PwC, concluded:

“Total debt in our main scenario is projected to top the symbolic figure of £10 trillion by 2015 at a time when GDP will still be less than £2 trillion.  This is a very heavy burden of debt for the economy to continue to bear, particularly with interest rates likely to rise significantly at some point over the next five years or so.

“The severe fiscal squeeze planned by the coalition government should allow interest rates to remain lower for longer and so should delay the point at which any such debt service squeeze on spending power would take effect. It should also cap the rise in public sector debt.

“Nonetheless, it is worrying that private sector debt levels in the UK have reached historically unprecedented levels. Sooner or later, this will have to be addressed either through debt being run down sharply, which would risk triggering another recession, or more likely through a persistently heavy debt service burden that could dampen economic growth for decades to come. Either way, deleveraging will be a painful process for the UK that goes well beyond the immediate challenge of getting the public finances under control.”

END of PwC Press Release - Published by PriceWaterhouseCoopers at 14:19 PM on 09 November 2010


Conclusion:
Therefore there is no doubt that the Blair years were a complete mirage in reality and where this debt was subdued by the government of the time (The Blair years) for obvious reasons. The BREXIT vote to leave the EU, did not cause any economic woes, but the Blair government. Due to the mismanagement of the UK economy by the Blair/Brown government, our financial institutions have at least now debts of £4.5 trillion and why another far greater financial meltdown can happen anytime and probably will.

Overall, that is what PwC’s analysis says if readers have a modicum of intelligence after reading the 2009 press release.

Dr David Hill
CEO, World Innovation Foundation
17 August 2016


References:
PwC projects total UK public and private debt to hit £10 trillion by 2015 - http://pwc.blogs.com/press_room/2010/11/pwc-projects-total-uk-public-and-private-debt-to-hit-10-trillion-by-2015.html
 
Tony Blair can’t escape blame for trashing the economy - http://blogs.spectator.co.uk/2013/04/tony-blair-cant-escape-blame-for-the-debt/
The great debt deceit: how Gordon Brown cooked the nation’s books - http://www.spectator.co.uk/2008/09/the-great-debt-deceit-how-gordon-brown-cooked-the-nations-books/



 


National debt 'is rising £700,000 each minute and is almost treble the Government figure' - http://www.dailymail.co.uk/news/article-1221374/National-debt-rising-700-000-minute-treble-Government-figure.html