Thursday 29 August 2024

In 2008, Britain faced a gigantic crise and billions were 'invested' to save the financial sector

Native Americans have an expression: keeping an ear on the ground. This literally means keeping an year on the ground to hear galloping horses. Looking at the pages of The Guardian and at postings on Internet from well known Labour Party operators it is easy to see that all is not well on Planet Starmer.


No more taxes and no more Austerity? North of the border, in Scotland, the SNP has been collecting taxes by imposing taxes on property transactions. South of the border, in England, the Labour Party is planning to charge taxes on property transacttions. This means that property owners are going to get a lot less than they now get for selling their properties.

If a property is worth 1000 and property transactions are for 1000, then the selling amount minus the cost of the ititial acquisition will be taxed 40%. Sellers will have to recoup the 40% the government is planning to take away. Selling prices will rise or sales will come to a hault altogether.

If the idea is to lower the cost of housing, imposing a tax on transactions will push prices up or will stop sales thus compromising, once again, the financial sector. We know that the properties market is what keeps the British economy afloat. Paralizing the properties market will send the British economy in a downwards spiral.

If the financial sector is compromised, the state cannot rescue the financial sector and it would be meaningless to try to rescue the financial sector if the rules that promove the crise are not changed. 

So Keir Starmer stated that he is out to fight against what he calls 'far right extremists'. In fact, a gigantic financial crise will do exactly the opposite. 

Alexander Gauland, from Alternative für Deutschland wrote: Wie schlimm kann es Deutschland gehen? Wie viel können wir provozieren? Es sei demnach im Interesse der Partei, dass noch mehr Migranten nach Deutschland kommen, denn gann gehe es der AfD wesser. 

What applies to immigration in Germany, applies to financial crise in the United Kingdom. If in less than a year the Labour Party bankrupts the British economy, the malaise generated by a financial crise will motivate people to move in the opposite direction and support so called right wing policies. 

Since the act passed by David Cameron and Nick Clegg regarding fixed terms is no more, it is more than likely that Labour MPs will start moving against Keir Starmer and if Keir Starmer were to introduce rules that only allow MPs to select Prime Ministerial Candidates and prevent Labour Party members from voting then Keir Starmer will have yet another crise to contend with.

Let us remember that thanks to Jeremy Corbyn and many other MPs that either left the Labour Party or were thrown out of the Labour Party membership grew exponentially. Getting rid of voting rights for members could send Labour Party membership numbers downwards.

The situation will then be critical for both the Labour Party and the 'middle-ground Conservatives' and will be a net benefit for those to the left of the Labour Party and for those to the right of the Conservative Party. With meltdown in the middle, the extremes will gain millions of supporters.


Saturday 24 August 2024

Britain: long before the first official budget is published, announcements are not encouraging

Britain: long before the first official budget is published, announcements are not encouraging

As part of point scoring, two digit salary increases are announced for public workers and Union workers while, at the same time, measures to support pensioners are discontinued and new increases of utility bills are announced.

Presumably, in october, we are going to be told about a tax shower. So get your spreadsheets ready because it is going to take some time to calculate how much ordinary britons are gong to be hit with a barrage of taxes and utility bills that sooner than later are going to be reflected on the cost of basic items of the family basket. Nominal values might be going up but real values are going to make you poorer.

We are really and truly talking about a new period of austerity, but this time under a Labour government. The Labour Party played a new version of 'read my lips, no more taxes' and the gullible fell for it. People are going to be taxed to the hilt and beyond. Let's look at rental prices. They were already beyond reach for a growing number of peoples.

If you are going to have even less disposable income, things can only be worse and one of the most worrying bits for any economy is a massive reduction of consumption. Using Covid as an example, if people - deterred by rising taxes and rising utility bills - start consuming less and less then already struggling businesses will go out of business pushing upwards unemployment numbers.

In any case, get your spreadsheets ready. 



Monday 12 August 2024

Tommy Robinson`: a picture that speaks a thousand words

 

This is Tommy Robinson, proudly and happily standing on top of an Israeli Defense Force tank near the Syrian border.

His anti-Muslim rhetoric is clearly linked to Irsael so when questions are asked about who is funding Tommy Robinson, the answers should be very straightforward.

Whatever happens in United Kingdom is directly linked to conflicts in Middle East and Asia Minor.

Some operators play the two sides. On the one hand they criticize Tommy Robinson in public while pledging support for Muslim communities, while in private they fully support what he is doing in the United Kingdom and also support what is being done in the Arab World, including the genocide taking place in the occupied territories and now spreading to neighbouring countries.