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#Truss

2 posts2 participants0 posts today

The #IMF will probably need to be put on standby if #Trump stays in power for his term. The #USA runs huge trade and fisal deficits, and can only do this if markets trust the administration. This has now gone and a moron premium has been added to the cost of #US debt. Add to that the future $5n of unfunded tax cuts and the #US potentially faces a far worse second #truss moment. I am a tiny investor but I would not buy #US bonds at anything less than a coupon of 8%.

I am very surprised that the people of the #USA are shocked by the #Trump #tariffs. He said he would do that! He was perfectly clear on that point. I may not agree with them, but this was entirely self inflicted and the consequences to anyone with even a basic understanding of economics were also obvious. Those of us who lived through #Truss know the effect of dogma.

#CraigMurray | Starmer’s Thatcherite Economics

" If the aim was actually to reduce the fiscal deficit, taxing those who have money would be far more sensible than taking money from those who do not.

But actually that is not the object at all. The object is to convince the neoliberal finance system that this is a safely neoliberal government, willing to hurt the poor and leave the wealthy untouched."

craigmurray.org.uk/archives/20

Craig Murray · Starmer's Thatcherite Economics - Craig MurrayYou can only support the current manifestation of late stage capitalism, if you believe that massive inequality of wealth is necessary to wealth creation, or if you believe that the total amount of wealth is unimportant so long as a very small minority are extremely wealthy. “Trickledown economics” is at heart simply a statement of […]

Watching from afar it is clear that the American people wanted to inflict Trumponomics on themselves. Even #Bezos #Musk and #Zuckerberg are cheer leaders. I watched my own country implode under #Truss with many seeing their pensions destroyed so that the Institute for Economic Affairs could test some of its policies which were made up on a drunken night out on the people. So should we rename the #US president? If so here are some suggestions.

Disturbing footage shows senior #Tories laughing at #Nazi jokes at Carlton Club event

Guests at a #Tory private member’s club were caught laughing at Nazi jokes with host singing “we’re all racist now” in a disturbing #video

London Economic obtained footage from dinner hosted by media outlet #GuidoFawkes at Carlton Club in London

Attended by former PM #Boris Johnson & wife Carrie, #ReformUK leader Nigel #Farage, ex-PM Liz #Truss among others

thenational.scot/news/24832467

The National · Disturbing footage shows senior Tories laughing at Nazi jokes at Carlton Club eventBy Steph Brawn