I was thinking of making a comment on the new Office for National Statistics growth figures this morning and then found that they had produced a graphic on Twitter that said it all:
Everything is going in accordance with the Bank of England's plan for a recession.
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It’s reminiscent of the mass sacrifice scene in Mel Gibson’s film ‘Apocalypto’.
Threadneedle Street is nothing but the sacrificial altar of the British economy in the name of dogma and class warfare against working people.
It makes you wonder if human society has actually progressed much at all. We obviously innately believe in suffering in order to make things better – but even better if you are a high priest of finance and have the power to decide who does the suffering on your behalf?
I’m not impressed. Everyday people Andrew Bailey help me to see them as less worthy of existence and a threat to the security of myself and others.
The Bank of England must know what they are doing, or they are incompetent.
But they are not being honest with the public, that is unforgivable, and should be illegal.
It may be of related interest that Lord Jim ONeil. ex Cameron treasury minister and ex Goldman Sachs . is touting that Rachel Reeves of Labour or indeed any government should find a way of raising investment in public services and infrastructure – rather than sticking ‘rigidly’ to a fiscal rule.
BBC have featured him a few times on PM programme etc. He seems to want to give the OBR the task of suggesting which investments would have the biggest multiplier.
Dont know whether he should be added to Richard’s list of open minded economists prepared to think outside the box.
I am not convinced.
Why the OBR?
Well done Richard for highlighting the two biggest obstacles to a decent, democratic country, namely the anti-democratic FPTP system ((ab)used by only two of the world’s major nations – UK and US), and the Bank of England, which, like the US Federal Reserve (of course) purports to provide the nation with a safe, stable monetary and financial system, when in fact it does this not for the nation but for the Establishment, big business and those above average income.
If the UK, way down at
No 17 in the Democracy Index, has to copy another country why can’t it be one at the top of the Index, like Norway, Sweden and Denmark, rather than the US, even lower than the UK at No 25 (and called a ‘flawed democracy’)?
Maybe we follow the US because the UK and US are partners in the crime of lying about government money supply, spending freely when it suits them and claiming unaffordabilty when it doesn’t.