Labour can’t fix the finances. They are bust.

Government can’t make cuts.  Spending’s off the scale.  Income is flat.  The resul will be high inflation.  The £ and the $ are becoming basket case currencies.  Gold will carry on up.  Interest rates could lift.

The budget deficit keeps on rising.   A serious situation is building requiring massive borrowing.  Bond yields could go through the roof.

The defence budget will have to drop not rise.

Top 1% of earners are paying 30% of the income tax.   The largest credit bubble in history is taking place.  This could be the 1930s.  We are in cloudcuckooland right now.

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3 Responses to “Labour can’t fix the finances. They are bust.”

  1. John says:

    Bankrupt the county. Call in the official receiver. The country then has to do as it’s told under the terms of the bankruptcy. That may include giving access to government policy, immigration policy, surrendering all or part of your natural resources, energy infrastructure, assesses and people. Can we all see that happening? Absolutely.

    • pete fairhurst 2 says:

      That’s neoliberalism for ya. See Greece

    • pete fairhurst 2 says:

      Carney knows the neoliberalism score. He’s an expert. Depressing future for Canada under the bankster

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