Search the Community
Showing results for tags 'economy'.
-
Despite the political spin, it's perfectly obvious why Rachel Reeves was in tears during the HoC debate on welfare payment reductions. The realisation had finally dawned that she has taken on the hopeless task of balancing the UK's books. Hopeless because even the easy low-hanging fruit can't be plucked. We are supposed to believe that "the adults are now in charge", but like most of the guff from the Labour propaganda machine, exactly the reverse is true. Everything they've done to allegedly improve the economy has actually made our situation worse. The international bond markets have taken notice, and a 1970s type Sterling crisis is looming. How long this will take is anyone's guess. Some economists say it will strike in 2026. But one thing is for sure: this hopeless government won't last out it's five year term, and it will ALL end in tears!
-
European Clegg Boll*x is good for a starter. So the Reichsbank has just cut Euro interest rates to a staggeringly low 0.15% to "avoid deflation". The Euro is in trouble - real trouble - everyone (wow, even the LDs!) have known this for a long while. Our financially astute friends up North worked this out for themselves long ago too. Sterling is just as much theirs as it is ours, we are told. Well, not so fast, but we're glad you eventually noticed. The Euro is predicated on political pipe-dreams of tired, old, out-of-touch, men and is destined to fail - but so, my dear LD friends, is The European Project. Only the Germans have the tenacity (and stupidity) to cling on to a really dumb idea until inevitability is right outside their bunker door. Meanwhile the UK economy is on the rise after Gordo's uberbinge, and the BoE (Bank of Enlightenment) is worried about inflation again. What could further emphasise that the UK is a viable economic unit on the World stage, and simply shouldn't be throwing huge sums of our precious Sterling at a the long dead idea of a European super-state? Yup, it's the seventieth anniversary of 'D' day, and our UKIP troopers are making the first tentative landings on enemy shores. Our French allies are to be regarded with suspicion as they're a funny lot, and a lot of them still support German domination. Elsewhere large swathes of the Continent are quietly hoping we will liberate them. Cue-in for the Abba song: Waterloo, of course! ...The history book on the shelf Is always repeating itself ...