George Osborne pledges Budget growth for economy

"My box of tricks"

George Osborne is about to get up and tell us whether we are going to be better off or worse off. That's the usual stuff of budgets and chancellors. However, this budget is different, I think. We can either carry on with boom and bust or we can all be grown up and realise that the economy does not work itself but we work the economy.

The Coalition is doing some good things. It is doing some odd things. I don't think it has done that many bad things so far. However, they talk about tackling corporate sleaze but appear to be doing it through clenched teeth. It's no good talking to the bosses of big business as if one is attending an amateur ventriloquists convention. "Gottle of geer!" is no way to convince the bamboozlers we are serious.

Britain needs entrepreneurial activity, it needs new ideas for new products, it needs workers working sensible hours for good pay. It short we need to create real added value to everything we do. What we have had in recent years is fake money creating fake wealth. I saw the Bank of England officials withering under the scrutiny of the Treasury Select Committee. The Bank has a nice little video about "quantitative easing" (the 21st century's best  ever euphemism!) where they admit that money is created electronically. The female voiceover makes you think it is all so wonderful. Like a holiday in the Canaries!

THEY CREATE THE MONEY OUT OF THIN AIR!!!

So if George Osborne can turn the culture of bogus bond creation around, turn the fiddlers and fakers out and bring in the real workers, the real ideas people, the entrepreneurs, the wealth creators, then we will all be better off.

Let the bamboozlers pay their taxes, let the electronic moneymakers get a real shock from their machines, and turn the so-called tax havens into tax harvests.

If we are all in this together, we should be going in the same direction, for similar goals and similar aims.

Posted in: Bank of England,budget,Coalition Government,George Osborne,quantitative easing