If you did not listen to The Echo Chamber podcast that I posted yesterday the short clip in this tweet might be worth a listen.
I refer to the insanity of the debt ceiling debate in the US and how those engaged in class warfare, like Andrew Bailey from the Bank of England, might want to exploit it. The clip was recorded over a week ago. What I forecast already seems to be happening:
If you want a quick summary of the US Debt Ceiling insanity listen to this clip from @RichardJMurphy on @EchoChambersPod
For a full understanding of the global central banker madness listen to the episode here: https://t.co/58eqEwkNsb pic.twitter.com/VEwAzJJ49m— Tony - Pod Guy - Groves (@Trickstersworld) May 26, 2023
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
That. Exactly.
Sam Coates of Sky News, meanwhile has usefully reduced monetary policy to a single ‘reductio ad absurdum,’ by describing the cost of government borrowing as nothing more than: “a measure of whether global markets trust Britain to pay its obligations”.
Well, that solves everything. I have been reading all the neoliberal economists still forecasting, and I can tell Sam Coates that the answer he is looking for; the number that is the solution to our National Debt problem, the number that the markets are oscillating around as they move closer to equilibrium in this perfect, best of all possible worlds: is 42.
Richard – you sound so reasonable even when you are clearly annoyed that it has to raise the question as to how these points are not considered in more main stream.
I think we know why – because there are vested undemocratic interests at work.
Its the reward to the rich for backing Reaganism & Thatcherism – pure unadulterated increasing economic money power and influence – the ability to buy politics.
Right on cue from comment on the latest financial shenanigans from the US Congress is the latest from the Parody Project: “Say It Again – MONEY SUCKS THE CONGRESS DOWN” – https://www.youtube.com/watch?v=WVNpFbY-yhU