And we’re all in clover
It appears to have become necessary to speculate about what is really going on with regard to this unprecedented national deficit. Now and again such speculating strikes a chord. But I’ve been at a loss for a while, to figure out all the whys and wherefores of this IoU stuff, being chucked about like confetti, at every lame Euroduck in sight.
The real problem it appears is the EU itself. It has allowed a myriad of minor players to punch above their weight, but as ever this is not a situation which can be taken seriously for any longer than it takes prudence to prevail. When EU subsidies tail off, as inevitably they must (unless the Eurocrats can hype up their own budget) it risks pulling all the major players down with them and this is when the Market steps in. These minor players got out of their depth on the back of subsidies and the International Shylocks began to fire warning shots across the bow of the major players to whip it all back into line. All at a time when a General Election; changed the balance of power in UK Plc.
The boy Gordie it was who neutered the BoE when he handed supervision of the banks to his own creation, the FSA back in ‘97. He needed to do this, in order to be able to do what he did, in attempting to redistribute the wealth of the nation. In effect, all this was in keeping with his Fabian Socialist instincts and the two hundred odd practising Fabians in the new Labour ranks an organisation of which Tone was once the President (let’s hope it’s the only president he ever gets to be).
So what is really going on now, you may well ask? Well I figure there’s like a kind of golden stockade, for want of better description, which now surrounds Dave ‘n’ the Kid Gid. A coterie of special advisors who are calling the shots for them. They I reckon, are the real power brokers when it cones to making fiscal sense of the present situation. The Dave ‘n’ Gid show is just a front, a giddy whirl of presentation, which is little more than a smokescreen.
The BoE is now re-instated as controller of the banks. Mr King has vast experience and if Dave ‘n’ Gid have lessons to learn, they need a mentor of Merve’s calibre. So if indeed Merve played both ends against the middle since he took over the reins at the BoE, it was probably out of frustration at what the boy Gordie was doing and the fact that he had been sidelined.
As far as the present situation goes, I’m beginning to think the Tories can’t believe their luck at the Pandora’s box bequeathed to them. They could never in their wildest dreams have countenanced creating a pile of debt like this. But now, having satisfied the International Shylocks that their interest payments are secure, they’re rolling in clover and it’s nothing more than a matter of good Treasury management till the cows come home.
All they have to do now is ensure all the approbation for what they have to do, to keep things on an even keel, is heaped on new Labour and they’re laughing all the way to the BoE. So, despite what they may have said or thought about each other in the run up to new Labour’s demise, they’re all on a roll and for the moment it looks unstoppable. Long live Perfidious Albion.
Watch this space I’ll be back!
Tom.
P.S. If you’re at a loose end looking for a bit of inspiration download a Tom Stack ebook at http://amzn.to/f2Cbqx
.
The real problem it appears is the EU itself. It has allowed a myriad of minor players to punch above their weight, but as ever this is not a situation which can be taken seriously for any longer than it takes prudence to prevail. When EU subsidies tail off, as inevitably they must (unless the Eurocrats can hype up their own budget) it risks pulling all the major players down with them and this is when the Market steps in. These minor players got out of their depth on the back of subsidies and the International Shylocks began to fire warning shots across the bow of the major players to whip it all back into line. All at a time when a General Election; changed the balance of power in UK Plc.
The boy Gordie it was who neutered the BoE when he handed supervision of the banks to his own creation, the FSA back in ‘97. He needed to do this, in order to be able to do what he did, in attempting to redistribute the wealth of the nation. In effect, all this was in keeping with his Fabian Socialist instincts and the two hundred odd practising Fabians in the new Labour ranks an organisation of which Tone was once the President (let’s hope it’s the only president he ever gets to be).
So what is really going on now, you may well ask? Well I figure there’s like a kind of golden stockade, for want of better description, which now surrounds Dave ‘n’ the Kid Gid. A coterie of special advisors who are calling the shots for them. They I reckon, are the real power brokers when it cones to making fiscal sense of the present situation. The Dave ‘n’ Gid show is just a front, a giddy whirl of presentation, which is little more than a smokescreen.
The BoE is now re-instated as controller of the banks. Mr King has vast experience and if Dave ‘n’ Gid have lessons to learn, they need a mentor of Merve’s calibre. So if indeed Merve played both ends against the middle since he took over the reins at the BoE, it was probably out of frustration at what the boy Gordie was doing and the fact that he had been sidelined.
As far as the present situation goes, I’m beginning to think the Tories can’t believe their luck at the Pandora’s box bequeathed to them. They could never in their wildest dreams have countenanced creating a pile of debt like this. But now, having satisfied the International Shylocks that their interest payments are secure, they’re rolling in clover and it’s nothing more than a matter of good Treasury management till the cows come home.
All they have to do now is ensure all the approbation for what they have to do, to keep things on an even keel, is heaped on new Labour and they’re laughing all the way to the BoE. So, despite what they may have said or thought about each other in the run up to new Labour’s demise, they’re all on a roll and for the moment it looks unstoppable. Long live Perfidious Albion.
Watch this space I’ll be back!
Tom.
P.S. If you’re at a loose end looking for a bit of inspiration download a Tom Stack ebook at http://amzn.to/f2Cbqx
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