Well, my web site is finally online (duncansunctions.com) but I don’t want it being too much out there yet as I wouldn’t be able to cope, just want it to grow steadily, if it grows at all.
So watching a recording of Andy Murray playing Djokovic in the French semi-final yesterday. It was, despite Andy playing well, moving towards another Djokovic victory when Andy suddenly exploded and won the third set. Then Djokovic disappeared for some sort of break, probably involving drugs, which lasted almost 10 minutes and back he came in a totally different outfit but more importantly had disrupted the flow of the game and another act of ‘gamesmanship’ (is there gameswomanship?) or as I term it cheating. Already in the first set when under some pressure he’d feigned some mental discomfort, was delaying serves and calling for the trainer. He pulled similar stunts in the Australian final earlier this year and Murray ‘fell’ for it and remarkably after seeming on the edge of some sort of physical, maybe mental, breakdown when Murray was on a roll he produced his best tennis and won the game.
Now I know I’m partisan, although I don’t support Belgrade, but Djokovic is cheating and my sense of fair play is tested, I wanted to be in the crowd to boo and berate him. Shouting at the telly isn’t quite the same, so I went into/onto the Grauniad online and joined in the commentary. I got in without being censored, yet, calling Djokovic a wanker, well not actually wanker but onanist.
In the last blog I put in a link to a piece by Owen Jones, but really wanted to share a comment by someone calling themselves BeTrueForAll. It put a slant on money i didn’t know and wonder if it’s true? No tory troll replied to the comment and possibly reflects a general ignorance allowing people to be duped by such as the austerity bollocks and blaming labour for the crash.
“Owen might be a little young to realise this, but we’ve already had this debate, and the voters came down on the side of either Thatcherism, or Thatcherism-lite for some.That’s because “Thatcherite people” still live in the Stone Age when it comes to understanding its life-blood, the relatively modern tool of fiat money, including what it’s for, how it’s created and the power that derives from that creation or indeed refusal to create.
Here’s Thatcher on the subject of money:-“One of the great debates of our time is about how much of your money should be spent by the State and how much you should keep to spend on your family. Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay—that “someone else” is you. There is no such thing as public money; there is only taxpayers’ money.”
Here’s her addled offspring David Cameron on the subject of money:-“we all know that there is no such thing as public money”
Do either of these pompous posers ever tell you where money comes from especially sustainable “net” money to meet the needs of Britain’s society as well as enable economic growth? Seriously can you Thatcherites point to a source where either of them carefully explain to the public how modern fiat money works that includes three sector accounting? The hell they haven’t! Why? Because they’ve no idea! Too constipated by right-wing Libertarian dogma that the government is the source of all evil to bother checking how money appears and disappears, effluxes and refluxes, across all three sectors making up the UK economy!
Three sector application of “balance sheet” accounting reveals that with a current account persistently in the red and private bank created money also in the red due to repayment of principal plus interests and loans spent into the economy subject to taxation reflux only the UK’s sovereign government can create this “net” money. It can do this because it doesn’t in practice need to tax or borrow to create money these are used for other purposes. (See web link below.)
Owen Jones may be “a little young” (in your condescending comment) but he has a level of wisdom way beyond yours in spotting a kettle of stinking fish when he sees one! Namely that a rabid Libertarian branch of Conservative ideologues, like Thatcher and Cameron, live in the Stone Age in regard to understanding the tool of modern fiat money which was finally given shape in 1971 with the American decision to go off the gold standard!”
Just came across this photo: From Dungeness. Photograph: Nadav Kander taken on the summer solstice in 2002.
keep on keeping on, love Duncan.