Whenever a Politician speaks about the economy, they show their ignorance of the economic facts.

The latest example is Nick Clegg, who is reported as saying that financial recovery is taking longer that was at first thought. Has Mr Clegg ever asked himself why that is so? Has it ever occurred to him that in a debt driven economy, you can not cut debt and grow the economy at one and the same time. Has he not noticed what has happened, in particular to the economies of Greece and Spain as a result of their cut backs and increased taxation?

Recently the Prime Minister was reported acknowledging that their plans to cut debt was not working. Again has he ever really thought about why, or is he so brainwashed by conventional thinking designed to protect the interests of the bankers?

There are MPs who support a return to the Gold Standard. Have they ever asked themselves why countries left the Gold Standard? Do they not realise that a return to the Gold Standard would be little different to being in the Euro, a one size fits all, with all the damage that has done to European finances.

The time is overdue for accepting that the present financial system with its dependence upon debt has run its course. It is a system that is deeply flawed, that rides on a wave of boom and bust, with very little calm water in between.

New thinking is what it requires. A return to basics, unclouded by the complexities designed to ensure that very few understand the basic truths of a financial system that favours the few at the expense of the many.