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How soon?

Simon Gibbs

Something wicked this way comes:

Chief Secretary to the Treasury, Danny Alexander, says they must identify 5% of their budgets as part of measures to tighten financial management.

[…]

“In an environment of economic uncertainty, with ongoing instability in the eurozone, the UK’s large deficit remains a crucial economic vulnerability,” Mr Alexander said.

“It remains a clear and present danger to stability.”

– BBC

Meanwhile:

Rupert Murdoch has taken to Twitter to criticise Chancellor George Osborne’s decision to commit another £10 billion to the International Monetary Fund (IMF). [..he] wrote on the social networking site that the Government “must be mad” for agreeing to contribute additional funds, which critics say will used for more bailouts of the struggling eurozone.

– Press Association

Is it me, or does it smell like the establishment is gearing up for a collapse of the Eurozone. So how long before it hits? And will this spark Detlev’s feared hyperinflation? Or bring further recession and the deflation feared by mainstream pundits?

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3 responses to “How soon?”

  1. Paul Marks Avatar
    Paul Marks

    Of course (contrary to Keynes) it is perfectly possible to have inflation (even in terms of a rising “price level”, rather than the traditional definition of an increase in the money supply) and recession at the same time.

    There is also a third possiblity.

    Economic chaos that is so bad that people stop using certain fiat currencies.

    Technically that would be neither inflation or deflation.

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  2. Rob Waller Avatar
    Rob Waller

    Everyone has known this will happen. The Europhiles have just refused to admit it because they know that a withdrawal from the Euro is an almost fatal blow to their project.

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    1. Paul Marks Avatar
      Paul Marks

      The “international community” (i.e. local taxpayers in each country – being looted by the local chapter of the establishment elite) is being bankrupted to (in part) try and save the project.

      The IMF now has hundreds of billions of Dollars – looted from taxpayers in many nations. Switzerland is being particularly hard hit.

      The Swiss government (i.e. the local chapter of the…..) is actively working against the people of Switzerland. The private investment industry (i.e. the hedge fund industry), which was moving to Switzerland from the United States and the E.U., is going to be regulated to death – in deliberate imitation of the E.U. (indeed going further if they can). They are also looting the taxpayers to fund the IMF (i.e. the E.U.).

      And the Swiss Central Bank has for years acted against the interests of Switzerland (getting rid of the gold reserves, copying Euro zone monetary policy, and……).

      Sadly Britain is much the same – we face an elite (in leadership positions in all institutions and all the traditionally ruling politial parties) that has been “educated” (at school, university, and by the mainstream media) to work AGAINST the national interest – i.e. the interest of British taxpayers.

      It is an astonishing position – but it is reality.

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