This is the fourth in my series of election question videos:
This is the transcript:
Politicians in the UK say there is no magic money tree that can solve our problems.
Well, they're lying.
We know they're lying.
Because in the global financial crisis of 2008 and during the Covid crisis of 2020, they printed more money. About £900 billion of new money that was injected into the UK economy and not a penny of that caused inflation.
There was no real inflation between 2008 and 2021 and the inflation we got then was not caused by that creation of new money, but by the war in Ukraine and by reopening too fast from Covid.
So, there is a magic money tree.
It can be used to break the stranglehold that the City of London have upon our government when it comes to discussion of borrowing.
It can be used to reduce interest rates because the government is not dependent upon borrowing and it can be used to fund emergency finance situations – like, dealing with the climate crisis that we face.
So why won't our government admit the truth? There's a magic money tree that can release the resources to deal with the crises that we face, if only they wanted to use it.
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You answer your own question with this:
“there is a magic money tree. : It can be used to break the stranglehold that the City of London have upon our government ”
The City is over LINO like a rash and has trusted pairs of hands in LINO such as Reeves (Starmer will believe whatever he is told in this area).
Most of the LINO line-up are in politics for what it can deliver later down the line – they all want what B.Liar/Mandelson have & to get that they have to “go with the flow”.
This means dancing to the City’s tune – not what is good for UK serfs, or indeed the country. It is as simple as that.
I know a lib-dem candidate. With 7 door-knockers he will evict the incumbent tory (in a formerly strong tory seat). 7 door-kockers plus him & he will win. That’s all it takes – plus some imaginative collateral e.g. “Vote for Rachel – the banksters favourite” should go down quite well, or “Ask Wes who funds his campaign to destroy the NHS” etc. Let’s get shouty folks.
Agreed
One of the problems of modern parties with no roots anymore (or just too old), there is nobody to work the constituency and put leaflets through doors, or speakt to people. ppPartues are phoney institutions, all sound bites and fake photo ops. There is nothing there. They can be defeated – if enough people care.
So again why dont BBC just point this out when questioning their ‘sound money’ d mantras?
Mr Broadbent, you ask a very fair question. Do you think the BBC, at least in the area of politics, is there
a) to ask fair & meaningful questions? without fear or favour
b) to ensure no great upsets in UK politics
In the case of the latter – asking pointed questions to Reeves would put her on the spot. Ain’t going to happen.
BBC trumpet their editorial guidelines – https://www.bbc.com/editorialguidelines/guidelines/ which include ‘not to mislead’ , ‘inform the public’, ‘provide context’, ‘hold power to account’ – etc. etc.
There is no independent judge of when the guidelines are breached – (nearly every day of the week) .
And the guidelines dont including ‘finding the truth’. BBC seem to think that merely reporting opinions of both sides is all they have to do – thats not journalism.
The BBC do not mention that there is a Magic Money Tree, because they told me that they rely on The Institute for Fiscal Studies (IFS), and this page, which says that “Most UK government revenue is from tax”. Source: https://ifs.org.uk/taxlab/taxlab-key-questions/where-does-government-get-its-money
I’ve asked the IFS to clarify, several times, but they do not seem to be accountable: I’ve never had a reply.
Typical….