Black Monday anyone? The tories should be in jail

[Upthebracket22]

The pound is now at its lowest point against the dollar since decimalisation in 1971 at 1.03. It’s probably going lower and the Bank of England will likely need to step in with an emergency interest rate rise today. Black Monday possibly?

All because of the mini budget on Friday. The Tories should be in jail. Especially if their rich backers were shorting the pound as it appears to get rich.

When Labour won the election in 1997 debt to GDP ratio was 35%, 13 years later at the time of the 2010 election it had risen to 62% when the famous "there's no money left " note was found.

However 12 years later the ratio had now risen to 95% and rising.

Both Labour and the Conservatives cannot hold themselves out to be fiscally responsible but at least under Labour the money was spent on improving public services rather than tax cuts.

Well you were the one who cited bookies. It turns out they all disagree with you, and agree with me.

They must all be living in a parallel universe too.

I am a bit of a geek and like to condense (and simplify language as much as possible) and save party manifestos. Tory manifesto in 2019. Only 3 years ago but amazing to see how different lenses are applied for different times

I know that manifestos aren't worth that paper they are written on but it's interesting to see what has/hasn't been done. I am at the point now where I am so cynical about politics that I am apathetic. I have let the bastards grind me (and my finances) down.

A lot I could say. But @scaredoff already said it.

Unless those odds were produced this morning they’re meaningless.

They are planning to set up charter cities where UK law does not apply.
No Magna Carta, no employment rights, different taxation laws, no environmental rules. You could literally be owned as a slave there, and you could do nothing about it.

I suspect what is actually happening here is that gas and oil supplies are almost running dry, all over the globe, and that suppliers and governments are aware of this and are beginning to panic, as they unable to tell the public the truth - that without oil and gas, millions if not billions of us will simply die as thefood chain collapses.

Consider this - why have they just opened the borders to 3.6million Chinese, and why are they letting in even more in the next two years, especially given we about to experience Great Depression II?given that we are a tiny island with no ability to feed ourselves and no natural resources? Because the only thing standing between our financial system collapsing entirely is the continued inflation of the insane ponzi scheme that is our housing market, that's why. Because in 2008, the housing bubble nearly destroyed the entire monetary system of the west, so we were forced to bail them all out with taxpayers money.

if it blows again now, every single bank in the western world will go under...and this time, we cannot print our way out of trouble - the market just called time on money printing.

Anyone holding cash in Western banks right now is out of their god damned minds.

as the ship begins to sink, the Tories are looting the hold. And being bribed by their petrochemical masters to do so.

and in the new Charter cities, Magna Carta will no longer apply, and once again the ordinary British will be serfs, as they were for 1500 years.

the Black Death taught us this: that overpopulation means slavery.

There are no vacancies - they want you to work as slaves in the Charter cities, for food, or die.

it's the enclosures acts and the Highland Clearances, all.over.again.

Of course it was. It was put to the public in the form of the EU referendum, combined with the 2019 election for the Tories to Get It Done. Brexit was always a libertarian-right deregulatory wet dream, from conception to completion, and the true intentions of those promoting it were all out there for anyone to see and consider if they wanted to. But they didn't want to, because . . . foreigners.

That's because they're generally the Tory voters who can't bear to think they got things wrong

Miss wired
Just shoot me now :(

Are you seriously claiming that the BBC leans towards the Tories? The BBC is virtually a woke, left-wing propaganda unit. They don’t even bother to hide it anymore.

Don’t worry everyone, Labour are ready to take control. They’ll sort the economy out (excuse me while I roll around on the floor laughing). We need Angela Rayner in power. She’ll save us.

This is correct

When it comes right down to it the Brits are incapable of blaming themselves. They revert to the default state of "it must be somebody elses fault", which is why foreigners were an easy target.

The reality has been there all along: the quality of British politicians.

Now the denizens of the UK are about to experience what happens when their reality distortion field is crushed by economoc realities.

100% this.

@MissWired what are the charter cities

Sure.

But at a certain point, when the evidence is so colossally against your viewpoint, some sanity must prevail.

Thats the problem now.

I am not seeing "sanity". I have only see this twice before in my lifetime: Trump in the US, and Bolosonaro in Brazil.

The only realistic result of this now is massive empoverishment of the UK population.

They're updated in real time, and bookies whose business isd ealing with thousands of pounds worth of bets aren't going to just leave inappropriate odds on offer after a game-changing event that could potentially bankrupt them.

Come on, just admit you were wrong. You may well be right that the Tories will be voted out, but you were wrong to say someone could get fantastic odds and "clean up" by betting on the fact. They can't.

If you really wanted to, you could consider what factors might be feeding into those bookies' judgments that you hadn't considered in a situation that seems obvious to you.

Large housebuilders are already allowed to whatever the fuck they like (including but not limited to ignoring any planning conditions) around here so it's only regularising what's already happening.

But at a certain point, when the evidence is so colossally against your viewpoint, some sanity must prevail.

Not really. Look at all the "raptures" that never occurred and people still queueing up for them. Religion has been subverted by politics. Hence the almost messianic faith in things like "Brexit". Chesterton was right.

You may sound apocalyptic but I went to a talk by George Monbiot at the excellent Kite Festival in the summer where he talked about the collapse of the soil ecosystem. The staggering level of complexity and interdependence has been threatened like never before. Our politicians shouldn't be venally lining their pockets but working together to guarantee our collective survival. A non-Tory progressive coalition is our only hope and one that carries the majority of the population behind it with hope and shared sacrifice and responsibility.

www.theguardian.com/environment/2022/may/07/secret-world-beneath-our-feet-mind-blowing-key-to-planets-future

@MissWired you do realise he's talking about investment zones? The idea is to scrap planning laws and lower tax in exchange for businesses investing in areas that need it. UK employment law has swung to far towards to worker in terms of international competition the idea is to try and reverse that. Say you live in the North East (we do) you have large areas where generations of people have never worked, if you can bringing in investment in say manufacturing and then force these people into the jobs it could be great for the country as a whole. Up here the loss of low pay manual jobs hasn't pushed people towards bettering themselves its results in a group that never works

The BBC produced a news segment during the 2019 election campaign featuring a mocked-up graphic of Jeremy Corbyn in a Russian hat in front of a backdrop of the Kremlin. They commissioned a "documentary" about the supposed antisemitism crisis in the Labour party without inviting any right of reply from those being accused. What did they have to say about the candidate who is on record as using racial slurs against black people and muslim women?

The BBC is virtually a woke, left-wing propaganda unit.

Give me strength.

Richard Simon Sharp (born 8 February 1956) has been the Chairman of the BBC since February 2021. A former banker, he worked at JP Morgan for eight years, and then for 23 years at Goldman Sachs. Sharp was an advisor to Boris Johnson during his tenure as London Mayor, and to Rishi Sunak as Chancellor. He has donated more than £400,000 to the Conservative Party.

Tim Davie (Director-General of the BBC) Davie stood as a councillor for the Conservative Party in Hammersmith in 1993 and 1994[9][10] and was deputy chairman of the Hammersmith and Fulham Conservative party in the 1990s.

Robbie Gibb, brother of Conservative MP Nick Gibb, was the head of the BBC's political programme output before leaving the BBC in July 2017 to become Director of Communications at 10 Downing Street for Theresa May.

I'm sure I can find you some more if you like?

How you people can say this stuff with a straight face genuinely fascinates me.

Yes utterly shameful - Corbyn threatened the establishment like no other politician since Keir Hardie.

Say it louder for the people in the back!

Oh, how utterly foolish. You've even lost the bloody Daily Mail.

Tory apologist cannot see fiscal catastrophe shocker.

What would those investment zones produce?

The folks who do not work have limited to no skills. Companies do not make expensive long-term investment decisions based on "what if" scenarios. The returns on any investment need to be reasonably well known with certainty before pressing the "go" button.

You would need at least 10 years to improve their productivity via skills training.

And thats only one problem

Companies and people in general do not relocate to those areas because the infrastructure is poor. Bad housing, poor schools, poor transport options etc..

"Investment Zones" = pipe dream without massive public investment.

You’ve just made a good argument for why the mini budget is so bad for ordinary people.

They helped the rich get richer and poor get poorer in the mini budget. There was no emergency for that.

Then the interest rates go up to again make the rich (savings have higher interest rates) richer yet again and poor (with mortgages etc. poorer again).

Is that correct? A double hit? In the space of a week.