Liz Truss - My take on her "Budget" & the Government - Media Complex - Part 2

 

As the Hombre above confirms, the absolute shite that any thinking person has had to endure the last several weeks here in the UK is unbearable.

The problem, is that there are NO thinking people in the UK nowadays.  Just a group of fat, illiterate, Netflix watching, victimhood seeking drones.  

And this doesn't even include Millennials; who are even worse!

The is absolutely true.  As the below link to even NPR, will show, with the Kwarteng being Kwazi Kwarteng, the then UK Finance Minister - LINK

Axing the top-earners tax rate would have cost about 2 billion pounds, a small share of the government's overall tax-cutting plan. Kwarteng said Monday that the government was sticking to its other tax policies, including a cut next year in the basic rate of income tax and a reversal of a corporation tax hike planned by the previous government.

The part about the Corporation Tax, is that Truss actually got the planned rise from 19% to 25% stopped, which I thought was basic Conservative Party principles, as in, "We're the party of low taxes." - Boy, was I wrong!

This apparently kicked off a run on the pound, with Truss panicking, and receiving little to no support from her party, which resulted in her sacking of Kwarteng and reversing the tax cuts.

 

This is the way it played out, but in reality, and with little to no mention in the MSM, the Euro and many other currencies had also seen their currencies sink against the Dollar, due NOT to any tax cuts, but to the Federal Reserve Board's strong dollar policy.

Remember - NOT ONE MENTION!

In fact, if anything, the Euro was not only sinking, but by an even LARGER amount than the Pound fell. 

Interesting that.  No retaliation against the Euro, and the left-wing governments involved; Germany - with the SPD and French - with Macron.

Isn't that interesting?  Out of the 4 main western democracies, ONLY the UK has a non-leftist government.  And lo and behold, it was ONLY the UK, where there was a concerted attack against their currency. I will look at just WHO did this attack in Part 3, but that's another story.

What Truss should have done, is exactly what Boris had done in the past.

1) Held her ground, as the pound not only would've rose (it has), but it would have given her time to show that it was only a temporary thing.

2) Taken the Whip away from the bullies in her own government.  Basically, this makes them non-entities in the sphere of things, and they would've been welcome to resign if they really wanted to.

3) Hinted that there would be an investigation into just WHY the pound was falling - aimed solely at the monopolistic investing groups, who were responsible for this.

I know it may have been difficult, but certainly far less destructive and humiliating than what actually transpired. 

Recht

Liz Truss - My take on her "Budget" & the Government - Media Complex - Part 1

So they were complaining from the very start; right after they buried our wonderful Queen; the scum in the MSM were after Liz Truss, our new Prime Minister in the UK, from the off.

And naturally the unwashed sheep, ignorant as hell, agreed to every single bit of it.  

Even AFTER, Sir Kier (Sir Kier Starmer, Leader of the opposition Labour Party in the UK)  and his third-rate lot, did not say a SINGLE word as to just what they would exactly do, if they were in power, as regards the economy, tax rates, budgets, etc.  

It's not so much that they did not say a single word about their future plans; it's that they were simply never asked (!), about this from the POS(s) in the MSM.

And in particular, how they would view an independent Bank of England, if, or should I say WHEN, the bank would raise & raise interest rates in the future.

But speaking about Labour. . .

The above is the Labour economic spokesperson, or in UK speak, the Shadow Chancellor.  Her name is Rachel Reeves, and lo and behold, she went to a private school in London, then did a poxy Poly-Sci degree at Oxford, and actually has the gall to represent a northern constituency in Leeds!  You can not make it up.  She's also a clown.

In the interviews, or lack of, she showed an utterly third-rate opinion in grasping basic economic principles as to interest rates, inflation, the American response to inflation, etc, etc.  OTOH, she was not really asked about any of this, and merely used the "interviews" to bash both Truss and her counterpart in the Conservative party, Kwasi Kwarteng. 

Her, along with her party, simply refuse to debate tax policy and merely let the MSM do their dirty work, but so far, I have not heard a SINGLE word as to just what a Labour government would do. 

And more specifically, just how tax cuts, especially the top rate being cut from 45% to 40% on earners of £150,000+, of £2 billion would actually wreak havoc on the UK economy?  

Not one question, and not one comment on our very low Unemployment Rate, or our standing compared to other countries, specifically the G7, who ALL happen to be having problems of their own - particularly Germany. 

Not one!

Please remember that under the last Labour government, there was a 40% tax rate as the highest band of tax (under Tony Blair), yet THIS is their (and Reeves) biggest complaint about the Tories right now!

Complete and utter hypocrisy!

Equally, the filth in the MSM went on and on about the £45 billion that would have to be found, if the highest tax rate was cut from 45% to 40% and the lower rate were to be cut from 20% to 19%, in order to not grow the deficit (as if they really give a damn about spending too much money!).

But the fact is, that now that Truss has backtracked on the higher rate, there is STILL £43 billion to be found, but the scum in the MSM never even mentions this. As the top rate being cut, was only EVER to be about a £2 billion loss in revenue to the UK government. 

Then the MSM went on and on, again, about that fact the the Bank of England was going to have to use £65 billion to prop up Pension funds, by buying Gilts (UK Government Debt), when in reality, they lied and lied about this.

It was NO WHERE near £65 billion; for as of last week, it was only 3.7 billion spent and at one time, for one day it was only £22 million!  

Again, the dirty lying MSM, have never mentioned this!  And if you were to ask a typical, ignorant, unwashed fool in the street, they probably wouldn't even know what you were talking about. 

What should be happening?  And what should have happened, will be in part 2.

Recht.

This month of October; various nonsense, it's so boring now, so we start with Trevor Noah - untalented, ignorant, bigot

 

So, Trevor Noah, a homophobic, anti-Semitic, anti-aboriginal bigot from South Africa, who absolutely loved talking about how much he hated the country that took him in from that hellhole, has suddenly discovered, that if no one likes you or watches you, you will lose your job on TV.  

Correct, he lost about a million viewers to the Daily Show in his seven years! Down from about 1.3 to .3 of a million.

What a shame!

Even our dearly beloved Donald Trump has chimed in, calling him:

“. . . a waste of time, no talent, no anything,”

This of course is true, but the point of this post, is to show how our friends at NPR, that filthy, fascist, government funded rag describes this.

Please go here, to see what a black, racist, writer wrote about the same thing.  It is simply unbelievable, and I quote (about Noah's bigotry):

He survived a scandal before he even appeared on camera as host – centered on terrible jokes about Jewish people, women's bodies and their weight that he had posted on Twitter years earlier.

Really?  "Terrible" jokes?  This being written by the same person, who years earlier, was no doubt calling Trump a racist, for saying things FAR, FAR, nicer.  He (the writer Eric Deggans) can fuck himself.

More about things like this, economics, the UK situation, and more, this month.

Recht