We typically honor the convention to refrain from to speak ill of the recently departed. But Margaret Thatcher probably would not object to an epitaph focusing on how her political legacy was to achieve her professed aim of “irreversibly” dismantling Britain’s public sector. Attacking central planning by government, she shifted it into much more centralized financial hands – the City of London, unopposed by any economic back bench of financial regulation and “free” of meaningful anti-monopoly price regulation.

Thatcher and Ronald Reagan were seminal conservative politicians who came to power in 1979 and 1980 at the end of a period of profound transformation in the Anglo-American world. A postwar system forged in war, and built on a broad foundation of industrial labor, rising middle class prosperity, and an active government hand in economic development was transforming itself socially and economically into something quite different.

The canonization of Margaret Thatcher began with nanoseconds of news reports that the former British prime minister and conservative icon had died at the age of 87. On MSNBC, my pal Chuck Todd remarked, "We lionize her over here." There was insta-commentary about how she saved Britain from economic despair and the rest of the world from the Soviets (with some help from a guy named Ronald Reagan). Excess ruled.

The International Monetary Fund (IMF) has decided that country surveillance will now include issues of job creation and inclusive growth. Considering that 'big government' usually runs to perdition spouting this mantra it is difficult to figure out how the subsequent IMF led clean up will do any better, if it is also locked in the same frame of reference.

https://www.youtube.com/watch?v=v-r0U-pbdiU

This is probably the bluntest and most compact overview of the econo-mafioso thuggery that has been going on at an ever accelerating rate since Reagan, which makes the BHO admin the current pinnacle with its looting of US infrastructure including SS, Medicare, public education, and much more. In many ways it is the bringing back home the practices accomplished by the World Bank and the IMF in looting "developing countries."

(I have put a copy of the conclusion at the beginnning to give an immediate idea where this article is going at the outset. Tadit )

When a Nation gives up its sovereign currency it puts its sovereignty at risk. It becomes subject to the attacks of the bond vigilantes and can be forced into situations in which it can offer its young people so little opportunity that it forces many of its best and brightest to flee the Nation.

The World Bank’s International Development Association (IDA) is the most important source of development finance for the world’s poorest countries. A new round of finance is supposed to support goals such as inclusive growth, gender equity, and climate resilience. With an ill-devised proposal to increase IDA support for large infrastructure projects, including new mega-dams on the Congo and Zambezi rivers, the World Bank risks undermining these noble goals.

Use this link http://www.litopia.com/radio/the-love-of-money/
British Prime Minister David Cameron and his Chancellor George Osborne are currently enforcing “savage” spending cuts that, in Cameron’s own words, “will change our whole way of life”.

Why?

What have the British people done to deserve this punishment?
Tonight’s guest, Professor L. Randall Wray, has got some very revealing answers.
If you want to know how we got in this mess – listen to this show.
If you want to know what’s going to happen next – listen to this show.

The Magna Carta Manifesto

http://www.youtube.com/watch?feature=player_embedded&v=hkUNaO4T6gI