What is this thread all about?
Just a place for general discussion. A place to unload whats on your mind and talk about anything - personal, health, help needed, achievements, daily highs and daily lows, theories, predictions and what have you.
Does not need to be Q related.
The pound is also collapsing due to absolute clown shoes mismanagement by Boris Johnson's replacement, who is incidentally something like the fourth Prime Minister since the last time all of the UK got to vote for a Prime Minister.
Dont fall for the MSM narrative fren. Liz's speeches or the tax cut announcement has got nothing whatsoever to do with the pound collapses and has everything to do with the central bank shenanigans. They just used Liz's speech as a cover.
Not saying Liz is good or bad, but she is as much responsible or the pound crash as a person sneezing in a plane hijacked by terrorist is responsible for them crashing the plane.
Uh, she announced sweeping tax cuts on top earners during a time of great inflation - AND GAVE NO INDICATION OF A PLAN FOR HOW TO PAY FOR THESE TAX CUTS. Just suddenly announcing that there will be a new fun hole in the budget of the entire country.
The bank of England wouldn't have needed to raise interest rates if the market hadn't been spooked crazy by A FUN NEW HOLE that didn't need to be there. Of course there was a run on the banks! I'm sorry, but this is pretty standard cause and effect for government manipulation of the market. She should have known that this was an incredibly likely outcome of a very unnecessary plan.
I mean, she responded to a cost of living crisis and "I'm going to freeze to death this winter" reaching literal meme status, with a move that could not provide immediate succor to the millions being squeezed dry, while endangering social safety nets. Of course it backfired - it was a bad idea at a terrible time.
Maybe letting only one party decide multiple prime ministers in a row is a bad way to get effective leadership, is my point. Monopolies against competition almost always end up in a worse experience for the consumer, and it's as true in politics as it is in commerce. Don't get me wrong, it's a decent system for removing bad leadership, but without the competition of other parties, having multiple leaders of the nation in a row be chosen by a small fraction of the population just doesn't work - any party will end up with their head up their own ass. Or arse, I guess.
Inflation that is entirely the making of central banks by printing trillions in concert just in the last couple years, so, get this, they can own it all and usher us into Great Reset.
If you really swallow the whole "She announced tax cuts so the poor bank of england had to raise interest rates" I should introduce you to my Greg Mannarino with all his ranting and raving and occasional anti-trump tirades, actually does a pretty good job exposing the fraud that is central banks.
If you listen to him for a few weeks you will learn more about the financial system than anything taught in the universities. Thats from first hand experience.
So, the market didn't dip wildly and raising interest rates isn't a common remedy to such a situation? I'm not saying the poor widdle national bank was backed into a corner, I'm saying she handed them the keys, whether through foolishness or something else - that I don't know.
Note: I'm not saying common remedy is the same as good remedy. I'm saying her plan was the wrong plan for the really wrong time, and it backfired in predictable ways.