that elephant's grandad is zero interest rate policy (more or less) since 2008/2009 which had led to a bubble of everything and excessive cash vs, the real economy which will eventually cause inflation.
i think they are intentionally trying to inflate away the debt.
and they are trying to do it while keeping the economy growing so as to avoid the japanese fate.
wolff NYU has a very good video on the western economy
Would you expect the supply issues to remain for a long time, then?
This seems to suggest that Japan was a special case (and I'm not aware of anywhere else trying negative interest rates
) so perhaps things won't end up like they did there?
Cool. Will watch later.
It warms my heart when I hear or read about people who have left. When will it be my turn?
UK is babylon central. The old families will make sure that it doesn't all collapse.
Icke does a good tour of London.
(find the full video about London)
at least Libor isn't set in London anymore
Definitely. My concern is that
they will let things get worse for everyone apart from a vanishingly small subset of people - I'm thinking of the political class, their donors, those who lobby and/or employ them once they're out. They will still have plenty of options, even as the rest of the country has fewer and fewer (but perhaps just enough to think things are okay). I can't even really conceive of the
old money.
To be fair. Pretty close. Folks have this weird idea that this is what taking your country back looks like.
Decades of the Mirror, the Sun and the Mail take their toll.
This is what social media does in months though.
The same thing is happening in the US, but at least you have a shyt ton of resources and wealth to draw on. When it crashes it will be ugly.
I feel that to some extent where the US goes, Britain follows - culturally, politically - it's hard for me to explain (and they're obv not directly comparable), but it seems the current form of the Conservative Party is borrowing heavily from the Republicans' playbook with the use of the culture wars, for example (though it has always been easier to point to a nebulous enemy than to, you know, govern well). And I think we are fortunate that guns are not as easy to get here... (though in terms of crime,
we're #1 for fraud!)
Feeling a mixture of
and
I was almost hopeful for a bit there. My
only consolation is that they kind of went in in the comments here
:
What the Tories now offer Britain ā a lame duck leader and a party that has lost the plot | Gaby Hinsliff
Still ...nearly 40% of the party voted against him. Beginning of the end
I really hope so... but why? Whoever succeeds him will probably be just as trash; maybe a little less annoying