Global financial markets are bizarre. They are simply not working the way we are told they should. The debt to GDP ratio in the United Kingdom today is much worse than it was on the eve of the 2008 crash. This is a bubble that is going to burst before too long. The ‘smart money’ has already gotten out, or is in the process of doing this.
Liam Halligan‘s article in the latest edition of Andrew Neil’s publication, ‘The Spectator’, is sounding the alarm for those who should know this already, and would if they watched Max Keiser‘s show. As Max and Liam agreed on their interview on this morning’s Keiser Report, no one can predict precisely which of the many snowflake will be the one that precipitates the avalanche, the spark that sets the global economy on fire. But it won’t just be the rich alone who will suffer, those rats who were just a little bit too greedy to abandon the sinking ship.
Even directly, it won’t just be the greed-is-good parasites who will end up losing everything. Those misinformed by the economics editors at the BBC, SKY News and Channel4 News are going to have their hard-earned life savings flushed down the toilet. That could be the redundancy money of your parents, your grandparents, some of your friends.
This is a tragedy for that section of the working class too naive to have a healthy skepticism towards Britain’s official news, politics and current affairs programs. The editors of most of these programs are not much more than tools of the CBI and the parties of big business.
The official inflation figures are a con. Markets are rigged. The corrupt bastards behind this rigging are getting away with slaps on the wrist, if that. People are working for slave wages, little more than benefits, living hand to mouth. They can’t afford insurance, and they won’t get the medicine or health care they and their loved ones will need. They will lose their homes. Basic necessities will be cut off.
Prostitution and illegal drugs are now added to the official GDP figures to stop them looking quite so bad. Prostitution is on the rise because the desperate are more and more reduced to selling sexual favors to put food on the table for their children, and to pay student fees. Drugs are in demand because life is getting so unpleasant people need to escape reality.
This is George Osborne’s economic miracle that the BBC, SKY News and Channel4 News cherish so much. This is an ultra-Thatcherite dystopia, and the voters want no part of it.
Because the Tories who edit what passes for news and politics at the BBC know voters are not into any of this stuff, reality has to be buried from the public. This is done in significant part by smearing all those who tell the truth. Don’t watch RT! That type of thing. McCarthyism is what lies behind the smears. It may work for some. But the more the BBC, SKY News and Channel4 News do lie about RT, the more British voters will check it out, just to see for themselves, just to be on the safe side. The more Rupert Murdoch et al tell voters not to watch, the more will watch. Rupert Murdoch’s smears of RT will prove as counterproductive as the BBC’s banning of the Sex Pistols ‘God Save The Queen’.