What British Economy?

The US has been stimulating, quantative easing and bailing out just like Britain. There's been green shoots everywhere and recoveries aplenty, right? If you listen to the corporate media!

As we know you can manipulate stats like GDP, inflation and unemployment and get placemen to spin it any way you want.

Then when figures that are solid and dependable come out they get ignored. Let's look at point of sale consumer technology purchases in the US:












This is from 2007 till now. Waow, just as well we've had all them stimulus packages eh? The economy is really picking up now. Of course, it was all lies. The money given to the banks was not about freeing the credit markets, it was about bankster largesse at taxpayers' expense.

Those who bought into the 'recovery' bull really do have to start having a word with yourselves. There aint gonnie be one. There will not be less debt in a couple of years. In Britain, the oil can't support The City any longer and Britain is heading South, big style. Those with half a clue know it. People like Jim Rogers, famous international investor, have been predicting the collapse of the pound and telling people to leave the UK for a brighter future.

I've been banging on about 'no recovery' for a long, long time now. Journos just bought the garbage about 'stimulus' as it were some universal mathematical truth. It has done nothing except impoverish taxpayers and destroy the real economy.

Darling is now saying that the 'recession' is worse than people knew. Eh, what people? I've been predicting depression for over a year. Believe me, we have seen nothing yet.

The debt levels in Britain are monstrous. Government debt now too. To switch the economy over to a manufacturing economy Britain needs high interest rates and savings. However, government has borrowed so much that if it puts up interest rates it won't be able to pay interest on its own debts. The money will have to come from taxes but from people whose debts will be slaughtering them with interest payments too. Brown will print and print and print..

We are swamped with propaganda. They print money and call it growth. There will be no growth and debt will continue to rise until we shut down the banks, raise interest rates and get productive again. Pain for generations and long after Gordon and Ally are gone..

Keep smoking them green shoots - escapism is the weapon of choice for the vast majority it would seem.