Different doesn’t mean Radical.
The Bank of England has the privilege of being the Governments bank. In times of recession brought about by banks they lend money to them at negligible rates of interest, the money they use is tax payers money. Which the banks are supposed to use to help the nation re-cover and grow from a disaster of the banks making, in times of recession and at other times the government borrow money from the banks, at what is termed competitive rates, which is usually a lot higher than the banks got it at from the Bank of England.
A recession is brought about by several contributing factors, Greed-Irresponsibility-Short sightedness-No accountability-Throwing caution and common sense to the winds-and an attitude of it’s not mine, so ive nothing to lose, why should i care we are going into a recession it wont effect me I will still get paid.
This has been going on as long as we have had banking, its accepted as the normal way of doing things, we have good times and then bad times.
Government of the present and past have failed to clear the nations debt, by doing the same things over and over, just re wording what they say. If you keep doing the same thing and keep getting it wrong, change what you’re doing.
The changes we propose arent radical, just different to what we have been getting, failure after failure.
1 Causing or being part of the cause that puts the country into recession is a criminal offense, punishable by and or, imprisonment, freezing and liquidation of all assets to include but not limited to, houses cars savings pensions bonuses reputation to name but a few.
2 Managers directors and traders are personally and morally responsable for the debt of their bank, the above will be used to lessen the burden to the tax payer.
3 The Government will borrow of the government’s bank at negligible interest rates
4 Banks will not out source labor to other countries, it will use the labor pool we have here, failure to do this will mean there will be no access to government contracts or benefits. A bank in this country gets its work done from people in this countries labor pool.