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.
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.
No the markets didn't dip wildly because of her proposal. "Markets" = Banks. And they used the proposal to dump the pound and use it to prop up the US bonds. Those following the debt market have been seeing this whack-a-mole between currencies as they try to keep juggling the balls of the bond market desperately as countries like China, India etc are dumping the Western bonds steadily ever since they saw the Fed freezing Russian funds.
Actually there is a lot more to this than meets the eye. At first I thought Liz was well intentioned, but railroaded by the Bankers. But now I can see that she was playing a game all as planned. Lets look at the fruits of her actions - the real fruits:
Liz Truss remains silent as Jeremy Hunt says bankers will now guide economic policy
yep, thats right. Its was a little skit, and she played her part as a silly clueless Liz doing muh bad tax cuts and crashing the market, but in reality she gave a perfect cover to hand the reins to the Bankers.
Raising the interest rate is never a reactionary tool. You dont raise the interest rate on the same day because you saw sell off in the bond market. It takes the central bank boards to plan in advance.
The inflation around the world in the west has been ballooning since 2008 (when the real economy crashed and the central banks bailed out banks by printing trillions). Ever since then it has been a game of hiding this hyper inflation using inflated stock market, cryptos, changing the definition of CPI, derivatives, metal price manipulation and tons of other stuff.
Only thing thats different this year is, all these methods are coming unravelled and they are finding it hard to suppress even the official inflation rate. The real rate is probably 3x or 4x the
US Fed and central banks around the world have started raising their interest rates (some, including US, for the first time in a decade) long before the little skit by Liz. This was ostensibly in reaction to the rise in inflation, but in reality its all part of the pre-panned programming of destroying the current financial system and moving the world to the WEF backed digital central currencies (aka Great Reset).
Along the way you will see a lot of such acts and plays to confuse the people so that they will actually welcome the bankers taking control. Seeing this little drama, I must say people are falling for it easily.
The same thing happened before the creation of the Fed. But that time it took them 10 years to set the stage. Right now, they have no such luxury as they are being forced into making moves at warp speed, exposing their hands.