COLLAPSE 2025 (PART 1) - Ukraine Gamble - 'CAN' Bill - Labour Flounders - Karma - Retail Collapse - Inflation is Back! - Net Zero - Confidence Dies - BBC Fail - Letter from Great Britain – [02-22-25]
For we have brought nothing into the world, and neither can we carry anything out. So, having food and clothing, we will be content with these things. [1 Timothy 6:7,8]
BRITAIN IS ON THE BRINK OF ECONOMIC COLLAPSE, A MARKET ANALYST WARNS. Catastrophic fiscal conditions, a large budget deficit, and high interest rates, Alex Krainer has warned. Britain's public debt is outpacing its GDP growth, and the government’s budget deficits are being covered by the Bank of England’s monetary inflation, leading to stagflation and possibly higher inflation.
Krainer believes Britain is the most exposed economy and will crash the hardest. And the financial markets seem to agree based on the performance of British, German, and American bonds. Alex Krainer is a market analyst, researcher, trader, and hedge fund manager who has been active in the financial industry since 1996. He is the founder of Krainer Analytics and I-System Trend Following with its daily TrendCompass investor reports. He recently published a video warning of Britain’s approaching economic collapse. Krainer published the video with accompanying text on his Substack page HERE.
He began his video by explaining that recent world events have allowed the dire state of Britain’s economy to go almost unnoticed. “Momentous events that took place during the last months of 2024, including the presidential elections in the United States, the war in Syria, but overshadowed by important developments in the news cycle, and especially on the economic front. One of them is the approaching collapse of Great Britain,” he said.
“I believe that we are at the precipice of events that will remain recorded in history, perhaps like the 1921 Weimar Republic hyperinflation, 1929 stock market crash, or the collapse of the Soviet Union in 1991.“
In August, Britain's Prime Minister Keir Starmer revealed a £22 billion “black hole” in the public finances (referring to the government’s unfunded liabilities) and announced that the October budget would be “painful.” The October budget added £142 billion in new debt, which the government plans to raise in capital markets, and included £40 billion in new taxes, primarily affecting British employers and working people.
The budget’s planned borrowing exceeded market analysts’ expectations, with Britain’s gross financing needs being double forecast, and the new taxes will likely widen the gap between public spending and tax receipts. “Britain is already running one of the world’s largest budget deficits,” Krainer said. Analysts, including Deutsche Bank’s Sanjay Raja, who said the budget was one of the largest fiscal loosenings of any fiscal event in decades, and Bloomberg’s Simon White, who characterised the fiscal picture in Britain as catastrophic.
The Bank of England’s Intervention and the Repo Market.
Repos, or repurchase agreements, are a form of secured loan where a borrower sells securities to a lender with an agreement to repurchase them at a higher price. They are an important source of funding for large financial institutions. The Bank of England’s (BoE) introduction of a repo programme on July 22, which had already reached over £40 billion by September 5, 2024, is seen as evidence that one or more British financial institutions are on the verge of collapse. Related: Bank of England announces it will keep the names of non-bank financial institutions it bails out a secret.
The BoE’s launching of a repo programme is significant, as it indicates a need to provide emergency funding to struggling financial institutions, and the rapid growth of the program suggests a severe crisis in the British financial system. Repo transactions involve private financial institutions or money market funds lending to investment banks, providing a source of liquidity and earning interest income with minimal risk.
However, during financial crises, the repo market can seize up, causing lenders to demand higher interest rates and re-collateralisation, or even refuse to engage in transactions. In 2007, the Global Financial Crisis (GFC) was triggered by a run on the repo market, with the US Federal Reserve (“the Fed”) injecting $1.5 trillion in liquidity through other facilities.
By 2019, another financial crisis was looming, with repo rates rising sharply and accelerating in the US, prompting the Fed to intervene as the lender of last resort. The Fed provided tens of billions of dollars in liquidity to the repo markets, initially intending to shut down the facility by October 2019, but ultimately expanding it to over $200 billion.
The full details of the intervention remain obscure (but not unknown), with the Fed keeping the information confidential, including which banks received repo bailouts. Public knowledge of this event was held secret because the problem was much bigger than initially disclosed and not limited to the US, with the World Bank Group and International Monetary Fund meeting in October 2019 to discuss the global economic situation.
UN Secretary-General António Guterres warned of “tense and testing times” and facing severe headwinds. He pleaded with the overlords of global finance (Larry Fink of BlackRock for example) to “do everything possible” to avert “the possibility of a Great Fracture” in the global financial system. By January 2020, interbank lending and commercial credit were drying up in Europe, but the declaration of the Covid-19 scamdemic created a smokescreen for a global banking coup and the largest-ever bailout of the Global (Western) Financial System.
The 'Coronavirus Aid, Relief, and Economic Security Act,' also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the Covid-19 scamdemic in the United States. Wikipedia.
Somehow, US lawmakers had the foreknowledge to introduce this Act in January 2019, over a year before the crisis was declared. But rather than the $6.2 trillion provided for in the Act, the bailout to bankers exceeded $10 trillion, or over $30,000 per person in the United States.
The use of repos played a crucial role in averting a financial collapse in September 2019. And thanks to their opacity and complexity, repos served as a means of a perpetual bailout or a covert mechanism of monetary policy for central banks.
BRITAIN's Strange Collapse - A domino capable of knocking down others
In theory, Britain dodged a bullet by withdrawing from the EU back in 2020. Once again in control of its borders and budgets, it had the chance to slow immigration to a manageable rate, rationalise its tax, spending, and regulatory regimes, and chart its own course as a free, wealthy financial centre and mid-tier geopolitical power. Instead, HMG behaved as if Brexit had never happened, nearly doubling immigration from 2019 levels: Political chaos ensued. The current Labour government has seen its disapproval rating spike to 63%. Source
https://rubino.substack.com/p/the-Britains-strange-collapse?utm_source=post-email-title&publication_id=1166121&post_id=154403963&utm_campaign=email-post-title&isFreemail=true&r=hhrlz&triedRedirect=true&utm_medium=email
BRITAIN IS WARNED IT MAY ALREADY BE IN RECESSION AS “EXTENDED AGONY” HITS ECONOMY
Britain may already be in recession as 'Rachel from Accounts' announced a record tax raid bringing “extended agony” for the economy, an investment bank has warned. The Telegraph has more. National GDP may shrink after a swathe of Labour policies that have “notably damaged” economic growth, analysts at Shore Capital said. The warning came as separate figures showed consumer confidence has plunged to a 12-month low as households worry that they will lose their jobs in the wake of the recent Budget.
Clive Black, of Shore Capital, said Britain may have entered 2025 in a “technical recession”, which is classed as two quarters of declining GDP. He added: “The Prime Minister and the Chancellor of the Exchequer have notably damaged the momentum of the economy since they came to power through their flawed messaging and policy announcements.”
“The relief that the rotten Tories ‘went’ in 2024 has been replaced by a sense of extended agony, which is especially draining for participants in the British economy. Since Labour’s election victory in July last year, Britain’s economy has flat-lined after initially recording the strongest economic growth in the G7 during the first half of 2024".
Although monthly GDP rose marginally by 0.1% in November, disappointing retail sales in December has pushed analysts to warn of a “growing risk” that the economy contracted at the end of last year. Source
Britain Warned it May Already be in Recession as “Extended Agony” Hits Economy https://dailysceptic.org/2025/01/20/britain-warned-it-may-already-be-in-recession-as-extended-agony-hits-economy/
BRITAIN’S FINANCIAL CRISIS AND GOVERNMENT SPENDING
Today, it seems that we are at the precipice once more with Starmer’s budget representing the largest fiscal loosening since the 2020 lockdowns and the BoE flooding the financial system with liquidity. The true state of the Britain’s public finances is unclear, with government debt rising to nearly £116 billion in 2023, a 27% increase from the previous year, and a debt-to-GDP ratio reaching 100%.
There are suspicions that the real state of the Britain’s finances is being deliberately concealed, with some estimates suggesting a “black hole” of £71 billion, even though Starmer has said it’s £22 billion. The Office of National Statistics (ONS) said the government added £64.1 billion in deficit spending through August 2024.
On May 1, 2024 Kier Starmer confronted then Prime Minister Rishi Sunak about the £46 billion black hole before correcting, first to £64 billion, and then to a staggering £71 billion! Krainer said “Whatever the case, the ‘black hole’ is there and it is probably much bigger than we know. Of course, by the time Starmer became Prime Minister, the hole had magically shrunk to ‘only’ £22 billion, the sum that’s perhaps small enough that it can be fixed, in part, by freezing a few thousand pensioners this winter.”
HMG's decision to cut winter fuel subsidies for 10 million pensioners is expected to result in a significant number of deaths this winter, with estimates suggesting that a similar proposal in 2017 might have killed 3,850 pensioners; the current energy crisis may lead to an even higher number of fatalities.
Krainer likens the decision to cut winter fuel subsidies as being a “human sacrifice” to appease the gods of finance, which demand a limitless flow of free money while inflicting savage austerity on the poorest and most vulnerable members of society. HMG's massive spending on unproductive, ideologically driven Net Zero projects has created a significant financial burden, with a £50 billion black hole already having been created in 2022.
The costs of Covid countermeasures and the Orwellian track and trace program were £9 billion and £37 billion, respectively, while vast sums are being spent on net zero schemes.
“In 2022, the government spent £12.79 billion on ‘mitigating the impact of climate change’, (whatever that is). Furthermore, at the beginning of October 2024, they announced they’d allocate another £22 billion for 'carbon capture' projects,” Krainer said. “Starmer’s government also added £2.9 billion to Britain’s “defence” budget, a 4.5% increase over the previous year’s budget and more than twice as much as they’re saving by freezing the pensioners.”
The upkeep of illegal migrants is estimated to cost the government £8.5 billion per year, but the actual cost is likely much higher, potentially exceeding £17 billion. Britain's support for Ukraine has cost more than £13 billion since February 2022, but the real damage comes from sanctions against Russia which caused extensive economic damage in Britain, including a sharp increase in energy and input prices.
The sanctions have also led to the loss of business for many British companies, including the cancellation of British Airways’ direct flight from London Heathrow to Beijing. According to the European High Representative for Foreign Affairs, Josep Borrell, the total support for Ukraine is around €60 billion for Europe.
But the subsidies to help families and firms face the consequences of the war are around €70 billion, ten times more than the support for Ukraine. If Britain had been affected similarly to EU nations, the full cost of Project Ukraine could be £150 billion or more, with all that capital already being lost and unrecovereable.
THE DECLINE OF THE BRITISH ECONOMY AND THE GAMBLE ON UKRAINE.
The situation in Britain is worse than it appears, with the Starmer government and the BoE taking extreme actions, including accumulating unpayable debts, increasing government deficits, imposing extreme austerity, and expanding monetary inflation. The country’s economy is exposed to a high risk of failure, with the markets indicating that British government debt has performed the worst among British, German and American bonds over the last four years.
Britain's economic decline is attributed to its history of making mistakes, like those of other powers in similar positions, including imposing severe austerity, increasing military spending, and engaging in foreign adventurism, which has led to a significant increase in public debt and budget deficits.
The prediction of Britain’s economic decline was made three years ago, before the war in Ukraine, which added tens of billions to the debt overhang, and was based on a misunderstanding of history and geopolitics rather than statistics alone. Former Prime Minister Boris Johnson’s cryptic speech in 2021, warning European governments of an impending choice between supporting Ukraine and relying on Russian hydrocarbons, suggested that Britain took a leading role in Project Ukraine and gambled, bit it ultimately backfired and has exacerbated Britain's decline. Johnson, the consummate liar, has a lot to answer for. I wrote this in 2024.
"AND YET ANOTHER SNAKE-IN-THE-GRASS – BORIS JOHNSON - IS A DYSFUNCTIONAL GLOBALIST ITEM ENDOWED WITH A SERIOUS PERSONALITY DISORDER! At the link, you will see an old friend, from his Cambridge days, explaining why this clown should never have become Prime Minister."
Krainer said the British Establishment (aka The Blob) is now facing a crisis, with the bills for their failed gamble coming due. The country is at risk of experiencing a deep crisis of stagflation, potentially becoming the first G7 economy to capsize. But Britain is not alone as all the developed nations are facing similar economic dynamics. Sources
A Self-Fulfilling Prophecy: Systemic Collapse and Pandemic Simulation https://www.theburningplatform.com/2022/02/11/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation-2/#comment-2544042
Nations go through typical phases before they collapse. Where are we in this cycle? For what signs should you be looking to better prepare?
STOP PRESS – CLIMATE & NATURE BILL (CAN), Climate Scam by the Back Door
This is part of a lengthy reply that Paul Homewood received from Lib Dem MP Edward Morello for west Dorset when urged not to vote for CAN, [Ed: Note, the use of the word ‘robust’ seems to crop up everywhere]:
"Despite significant support the Government has successfully moved a motion to adjourn the second reading debate on the Bill. Whilst I am disappointed over the adjournment, I am pleased that the Government has committed to adopt many of the measures of the Bill into upcoming environmental legislation.
The Liberal Democrats remain committed to enacting robust environmental legislation and will continue to advocate for legally binding climate and nature targets. My colleagues and I will continue to emphasise the urgency of addressing the climate crisis and the importance of holding the Government accountable for its environmental commitments." Source
NEWS FLASH – THE JIG IS UP! LABOUR IS FLOUNDERING - ‘INTERESTING TIMES’
The new Labour government, elected only five months ago, is floundering. Everybody knows this, the government knows it, we know it, they know we know it, and we know that they know we know it. The jig is already up.
Future historians will have a field day dissecting this bizarre episode in British political history, when a government recently elected off the back of a vast majority in Parliament, squandered the entirety of its political capital in the space of a season. To live through what follows will be the epitome of that old Chinese proverb about ‘interesting times’; there will be many tough decisions to be made each week during this year.
"[By] observing how the game is played, there is no doubt that the money-powers are going all-out to crush civilisation and terminate the trend towards liberty, equality and fraternity amongst and between the human communities of Earth." This is WW3: a silent, covert war against humanity waged by a parasitic, criminal, global financial cabal Source
When you have amassed crimes against humanity the way these psychopaths have, the last thing you want is a bright, alert, high-morale, well-administered human community that runs on true justice, and has zero tolerance for murderous perverts and deadbeats. https://www.thelibertybeacon.com/globalists-deploy-new-trojan-horse-against-the-uk-as-assault-on-liberty-bogs-down/?ref=truth11.com
FUN TIDBIT – DOES HISTORY REPEAT?
THOUGHT FOR WEEK –
BREAKING NEWS: Don't forget to follow this link at BRITAIN Column which is a truly independent, multimedia, and real-news website: supported by its members
BRITAIN’S ECONOMY CONTINUES DOWN ITS INEVITABLE PATH TOWARD ITS RENDEZVOUS WITH DESTINY – SOME SAY ‘KARMA’.
KARMA, in Indian religion and philosophy, is the universal causal law by which good or bad actions determine the future modes of an actor’s existence, be it an individual or a group of individuals such as a nation. This is what The Great Creator meant when He said: “Revenge is mine.” The Creator has not authorised anyone to seek revenge when someone trespasses against us:
“Do not avenge yourselves, beloved, but yield place to the wrath; for it is written: “‘Vengeance is mine; I will repay, so says The Creator.” But “if your enemy is hungry, feed him; if he is thirsty, give him something to drink; for by doing this you will heap fiery coals on his head. Do not let yourself be conquered by the evil, but keep conquering the evil with the good.” [Romans 12:19-21]
RECESSION WATCH - BRITAIN'S ECONOMY IS FUELLED BY RETAIL AND IT'S COLLAPSING
Retail sales across Britain shrank last month, sales volumes dipped by 0.3% month on month in December, the Office for National Statistics has reported, missing forecasts of a 0.4% rise. The ONS reports that sales volumes at supermarkets fell, with food stores sales volumes down 1.9%, which was partly offset by a rise in sales at non-food stores such as clothing shops.
That drop in food sales is surprising, as several retailers have reported strong festive sales. Tesco said it had its biggest ever Christmas, for example. December’s drop in retail sales followed a small 0.1% rise in November. Over the last three months, the sales volumes (the amount of stuff bought in the shops and online) fell by 0.8% compared with the three months to September. This suggests consumer spending weakened towards the end of last year and several surveys have suggested that confidence declined. Sources
Store closures update: UK retailers 'on brink of collapse' as shops announce 2025 closures - see list https://www.gbnews.com/money/store-closing-down-update-whsmith-monki-millets-uk-retail-sector
A new Red Flag Alert report from Begbies Traynor who are an insolvency specialist has warned that retailers are on the brink of collapse https://londonlovesbusiness.com/retailers-are-on-the-brink-of-collapse-and-the-chancellors-budget-will-dial-up-the-challenges/
BRITAIN'S GDP ROSE BY 0.1% [Ed: more a statistical anomaly than reality] in October-December, better than City economists had expected. Worryingly though, once adjusted for population changes, Britain's economic activity per person actually fell over the last two quarters. However, the true measure is real Per Capita GDP and is estimated to have fallen by 0.1% in Q4 2024, the ONS said. Its first estimate shows that there was a slight fall of 0.1% in 2024.
Britain’s production sector shrunk over the last five quarters, with activity declining by 0.8% in the fourth quarter of last year. The fall in production was largely driven by a 0.7% decline in manufacturing and a 2.5% decline in mining and quarrying, the Office for National Statistics (ONS) reported.
The largest negative contributions came from the manufacture of transport equipment, which fell by 2.3%, and the manufacture of pharmaceuticals, which fell by 4.0%. The ONS said: "The manufacture of transport has fallen for three consecutive quarters, mainly because of a decline in the manufacture of motor vehicles and motorcycles." Data earlier this year showed that British car production fell in 2024 to its lowest level in seven decades, barring the coronavirus pandemic, as the industry struggles with weak demand and prepares to shift away from ICE to electric vehicles.
Despite minimal 'growth' in 2024, living standards continued falling, a trend which is systemic. The picture painted by official data for the British economy in 2024 reveals a country broken by 14 years of Conservative Party misrule. Inequality, weak public investment, decline in productivity, and government cuts threaten any improvement in the foreseeable future. Labour must offer voters something different, but what? A growing economy means little if it doesn’t improve living standards. In 2024, it failed again. This dismal political reality has shaped recent decades.
It’s worth recalling a Newcastle woman’s tart response to the political scientist, Anand Menon in 2016 when he warned that Brexit would hit GDP: “That’s your bloody GDP, not ours.” This continuing public frustration explains the current backlash against mainstream politicians. No wonder Keir Starmer wants his party to be one of disruption. READ more about The Trilateralist Keir Starmer: https://off-guardian.org/2025/02/20/the-trilateralist-keir-starmer/
INFLATION & INTEREST RATE MONITOR – Base rate cuts may ease borrowing costs but without stronger public spending and targeted tax relief, economic stagnation will persist
INFLATION accelerated more than expected last month because of higher transport and food costs, as well as a jump in private school fees. Data released by the Office for National Statistics (ONS) shows that the consumer prices index (CPI) measure of inflation rose to 3% in the 12 months to January, up from 2.5% in December. Economists had expected inflation to climb to 2.8% in January. Food prices rose by 3.3% in January, up from 2% in December.
Private school fees were another factor, where prices rose by 12.7% after the government decided to impose VAT of 20% on private school fees. The core rate of inflation, which strips out volatile food and energy costs, climbed to 3.7% from 3.2%.
"It will be welcome news to many that we have been able to cut interest rates again,” said Andrew Bailey, the Bank of England governor, last week. He justified the cut, made despite inflationary risks, by arguing that falling worker bargaining power would see price pressures subside. Without rate cuts, the Bank warned, there was the risk of anaemic economic growth. But relying solely on monetary policy is not effective economic management.
'Rachel from Accounts' is betting that steeply declining borrowing costs will have an immediate impact on businesses and households in a way that capital investment, the core of the chancellor’s “plan for growth”, never could. Low interest rates alone can’t end stagnation.
NET ZERO INSANITY; IT'S COSTING A FORTUNE BRITAIN CAN’T AFFORD;
Subsidies covered 30.2 TWh of generation, at an average of £78/MWh. In other words renewable schemes covered by CfD were paid about double the market price in overall terms. Wind power accounted for £1970 million of the overall subsidy, with biomass adding a further £299 million.
[Ed (CfD) “The Renewables Obligation is a market support mechanism designed to encourage generation of electricity from eligible renewable sources in the United Kingdom. There are three related schemes for the three legal jurisdictions of the Britain. In April 2022 the Renewables Obligation was introduced in England and Wales, and in Scotland as the Renewables Obligation. In all cases, the RO replaced the Non-Fossil Fuel Obligation which operated from 1990.”] [Wikipedia]
Total subsidies for wind power add up to £9.1 billion since the CfD scheme started in 2016, with biomass costing another £2.5 billion. In short, wind power is now being subsidised to the tune of about £7 billion a year, when constraint payments are included. Source
Subsidies for wind power via the Renewable Obligation Scheme cost a further £4.6 billion in the year ended March 2024 https://notalotofpeopleknowthat.wordpress.com/2025/01/04/cfd-subsidies-hit-record-high-in-2024/
This note sets out the level of the obligation for the 2025 to 2026 period and explains the underpinning methodology https://www.gov.Britain/government/publications/renewables-obligation-level-calculations-2025-to-2026/calculating-the-level-of-the-renewables-obligation-for-2025-to-2026
SURVIVAL MONITOR – Confidence among Britain's consumers has dropped off a cliff since last summer.
A new survey from the British Retail Consortium and Opinium has found that the public’s expectations for the economy worsened for a fifth month running in February. Households are also gloomier about their own personal finances, as they anticipate further price rises in the shops as retailers pass on higher taxes.
February’s drop in confidence continues a decline that started last July, when the Labour party won the general election and swiftly began warning about "tough choices" and ‘painful decisions’ to fix the country’s finances. Last October’s budget, with its increase in national insurance contributions paid by employers, appears to have also hit confidence.
Helen Dickinson, the chief executive of the BRC, said: “People’s expectations of the economy reached a new low, having fallen almost 40pts since July 2024." "Even Gen Z (18-27), the most upbeat generation on the economy and their own finances, saw a drop off in optimism. There was also a widening gender divide in confidence this month, with women more pessimistic than men about both the economy and their own finances by 13 and 17pts respectively."
"With many businesses warning of the impact that April’s employer NIC’s increase will have on hiring, and the rising energy price cap pushing up the cost of domestic bills, it is little surprise that many households are worried. And while there was a positive increase in expectations of personal retail spending, this may be largely driven by the expectations of higher prices in the future." Source
Consumer confidence in the UK has dipped to the lowest level since records began in 1974 amid growing concern over the cost of living crisis. https://finance.yahoo.com/news/uk-consumer-confidence-lowest-since-1974-074527248.html
NARRATIVE BATTLE – THE BBC IS NOT YOUR FRIEND. NOR DOES IT WORK FOR “THE BRITISH PEOPLE.”
AND HERE IS THE PROBLEM: BBC Extreme Weather Lies Exposed. Even by their own standards, the BBC’s latest climate report, “A year of extreme weather that challenged billions”, is shockingly dishonest. It’s the same load of lies they peddle every year; “the world’s weather is getting more extreme”, and “it’s all due to 'global warming”. And every year they trot out a handful of weather events to “prove” it. They never, of course, provide any actual data to prove that these events are anything other than random, natural occurrences, which have always occurred. Nor any evidence that such events are getting more frequent or extreme over time.
This year’s BBC review claims that: “Climate change has brought record-breaking heat this year, and with it extreme weather, from hurricanes to month-long droughts.” https://www.bbc.co.Britain/news/articles/ckg8dg3ke40o - It goes on to list a heatwave in northern India, drought in the Amazon, six typhoons in the Philippines, and floods in Sudan.
The Indian heatwave in May and June was covered by the BBC at the time when they called it “unprecedented”. It will come as no surprise that it was nothing of the sort. Daily temperatures in Delhi never got near the record set in May 1944, whilst the monthly averages for May and June were not unusual at all.
As for the Amazon drought, as an earlier BBC report explained, one of the major factors in low river levels is deforestation. The World Bank Climate Portal states that rainfall in the Amazon basin has been increasing in the last 30 years. Sources
Charts that prove the BBC lies https://notalotofpeopleknowthat.wordpress.com/2025/01/01/bbc-extreme-weather-lies-exposed/
The Media’s Goes Full Hysterical Over Eowyn https://notalotofpeopleknowthat.wordpress.com/2025/01/26/the-medias-goes-full-hysterical-over-eowyn/
FINALLY
COMING NEXT:
BOOM's Weekly Global Review on Tuesday, February 25, 2025
The Financial Jigsaw Part 2 – (40) - US WAR MACHINE - Saturday, March 1, 2025
REFERENCE - My Books: “The Financial Jigsaw” Parts 1 & 2 Scroll: https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020 including regular updates.
As I pass through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.
2
We were living in trees when they met us. They showed us each in turn
That Water would certainly wet us, as Fire would certainly burn:
But we found them lacking in Uplift, Vision and Breadth of Mind,
So we left them to teach the Gorillas while we followed the March of Mankind.
3
We moved as the Spirit listed. They never altered their pace,
Being neither cloud nor wind-borne like the Gods of the Market Place,
But they always caught up with our progress, and presently word would come
That a tribe had been wiped off its icefield, or the lights had gone out in Rome.
4
With the Hopes that our World is built on they were utterly out of touch,
They denied that the Moon was Stilton; they denied she was even Dutch;
They denied that Wishes were Horses; they denied that a Pig had Wings;
So we worshipped the Gods of the Market Who promised these beautiful things.
5
When the Cambrian measures were forming, They promised perpetual peace.
They swore, if we gave them our weapons, that the wars of the tribes would cease.
But when we disarmed They sold us and delivered us bound to our foe,
And the Gods of the Copybook Headings said: "Stick to the Devil you know."
6
On the first Feminian Sandstones we were promised the Fuller Life
(Which started by loving our neighbour and ended by loving his wife)
Till our women had no more children and the men lost reason and faith,
And the Gods of the Copybook Headings said: "The Wages of Sin is Death."
7
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: "If you don't work you die."
8
Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew,
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four–
And the Gods of the Copybook Headings limped up to explain it once more.
9
As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began.
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;
10
And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins,
As surely as Water will wet us, as surely as Fire will burn,
The Gods of the Copybook Headings with terror and slaughter return!
The financial collapse seems inevitable and the current 'Never-Here' Starmer regime is doing everything to make it worse; through incompetence, I believe. Surely it cannot be deliberate?
Sunak's answer to each and every problem was to throw £11bn at it, or so it seemed, so together Sunak/Starmer are destroying us. Now Starmer wants us to continue throwing non-existent money at Ukraine plus he thinks that British troops will agree and go there, when he demands. Fat chance.
The financially grossly incompetent and certifiable Sunak, followed by the totally destructive Starmer regime has provided the perfect recipe for disaster. To quote Private Frazer: We're doomed!