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Bill Kruse's avatar

Lots of worthy research but "Fewer workers means more pressure on the tax base, pensions, the NHS, social care and the working-age population expected to fund it all." is clearly not true when the central banks themselves are making it plainer than ever that national currencies originate from them. Witness this recent statement from the ECB; "Fiat money is declared legal tender and issued by a central bank. It can’t be directly converted into, for example, gold... Our euro can take the form of banknotes and coins, but it can also exist in a bank account as a computer entry or be stored in a savings account." (https://www.ecb.europa.eu/ecb-and-you/explainers/tell-me-more/html/what_is_money.en.html) Nothing there about needing to get it from taxpayers first and why oh why would anyone think there ought to be? It's blindingly obvious money doesn't originate with taxpayers begging the question so few are asking; where does money actually come from then for taxpayers to be able to get hold of it at all? The ECB have helpfully laid out a broad overview but the Bank of England had already gone into specifics about this in their March 2014 Quarterly Bulletin where their video explains banks create new money when they loan it and their PDF explains that what we use for money is Govt. IOUs (https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy)

It's obvious from that alone that Govt's self-funding. If anyone wants to know the more intricate details (gets wonkish!) they can start here https://www.economania.co.uk/various-authors/where-money-comes-from.htm

In closing, I'd like to say IMO those who clandestinely rule over us don't care what colour we are; Their sole interest is that there are warm bodies available to be sent down their mines and up their chimneys.

Steve Elliott's avatar

How does this fit in with the fact that UK population has been rising fairly rapidly since 1980 and has accelerated since 2020? This must be due to immigration I should think. So what do we know about the age distribution of the immigrants?

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