THE RISING PRICE OF DECEPTION

It's Sunday. But it's financial. So it's Friday Financial with JULIAN SAYER.

Why and how inflation and falling wages hasn't bothered the wealthy.

This week I want to look at inflation and the cost of living crisis. There was a lot of fanfare last week with the announcement that wage increases have finally passed the rate of inflation. The full details of the announcement can be found here;

http://www.bbc.co.uk/news/business-27047966

On the surface it sounds great, the bedrock of a recovery is in place and good times are just around the corner. But, if you look into what has happened over the last forty years and the consequences over the coming years, then a different picture emerges.

These figures include all the high ranking salaried jobs mainly in the banking and financial sector that we the tax payer so happily saved back in 2008. These salaries have and are rising faster than any other. These million pounds salaries and their huge bonuses will adversely affect this data, boosting the percentage higher and disproportionately. Our Government does little to cap them as it encourages the City to make more and more money. Just look at the figures involved, who else gets million pounds salaries and two hundred per cent bonuses?

http://www.bbc.co.uk/news/business-27154184

Wages for the average person have stagnated and inflation has eroded the spending power that this reduced income can buy. For example average earnings adjusted for inflation have dropped 7.2 per cent since 2010 – leaving millions more than £2,000 a year worse off. This is where the economy has been hurt.

THE MEN WHO SOLD THE WORLD

Whether it's Spain, Greece or the United Kingdom, once proud nations have had their strategic state industries, wealth, assets, cultures and futures systematically stripped and sold-off to pay for the damage wreaked by greedy investment banksters and their friends in politically low places.

It's Friday. It's financial. It's Friday Financial with JULIAN SAYER.

Banksters have stripped countries of their assets and brought misery to millions.

In every region of the world I can think of, the sovereignty and wealth of each nation is being sold to the highest bidder.

The once proud people of each country are having it sold from beneath them. Each nation, and the people within it, are under attack, not from the so called terrorists we hear so much about, but from within the financial markets that demand their pound of flesh.

In every country, the people who run the Government have largely decided they no longer wish to serve the country's best interests, but prefer instead to serve the interests of the chosen few; the billionaires, the hedge funds, and the investment banks. They are in the process of gorging themselves on the sales of assets, houses and nationalised industries all around the world. The general public is being short changed in every respect.

Here in the UK whether it's the Royal Mail or LloydsTSB, the taxpayers' assets are being sold to help keep the nation's debts under some sort of control. You can argue the rights and wrongs of selling all the state's assets, but when you do, at least get fair value.

There is no doubt that the Royal Mail sale reeks of desperation and mismanagement. Royal Mail shares are currently more than 70% higher than the 2013 sale price. The investment bank that advised the Government made millions, even Mr Osborne’s best man had his finger in the pie. Everybody involved made a nice little turn, with the exception of the taxpayer who lost out to the tune of £750m. A full breakdown of the sale can be found here;

http://www.bbc.co.uk/news/business-26819971

CAPITAL PUNISHMENT

Rising London property prices bringing misery to millions

 byHARRY BLACKWOOD

ONE of the most accepted signs of madness is hearing voices inside your head. These voices generally tell the affected person to do irrational things that could be easily described as mad.

Well, all over the country - but especially in London and the South East of England - there are people who are very obviously mad. There are voices in their heads that are telling them that now would be a good time to buy a house. As crazy as it sounds, they are doing precisely that. It's madness of the type that affected The Dutch in the 17th century when tulip mania gripped the country and tulips were changing hands for thousands of pounds.

The UK equivalent of this form of madness can be seen every day on the streets of London where very ordinary houses are changing hands for more money than the average person will earn in a lifetime. What's more, this gross stupidity is belong encouraged by the government with the BBC, as usual, acting as chief cheerleader.

The government wanted to create a housing bubble in a desperate attempt to mask the dire state of Britain's economy, but they saw that there was a major problem: lenders unwilling to grant mortgages much above 80% and potential buyers being unable to save the massive amount of cash required for a deposit. Enter stage far right the Help to Buy Scheme.