The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. - Maximilien Robespierre.

Showing posts with label Brexit. Show all posts
Showing posts with label Brexit. Show all posts

Friday, November 29, 2024

Starmer Admits His Government Must Act After Annual Immigration Figure Smashes Previous Record.

After revised figures published by the Office for National Statistics (ONS) revealed 2023 was another year of record immigratuion for the UK, Prime Minister Kweir Smarmer admitted his government must bring down immigration today as the shock figures showed the annual record has been smashed again.

The PM insisted Britain can no longer be a 'soft touch' after the huge revision to official data showed net inflows of people to our small nation were 906,000 in the year to June 2023.

Previously published sttistics had arrivals in the 12 months to June this year at 728,000 higher than those leaving the country. In itself that was almost as much as the previous long-term immigration record. 

But the bar has been dramatically shifted upwards by the Office for National Statistics, with net migration for the year to June 2023 now thought to have been 166,000 above the initial estimate of 740,000.

A similar revision for net migration in the year to December 2023, which was initially believed to be 685,000 and is now put at 866,000, an increase of 181,000.

At a hastily-arranged press conference in Downing Street, Smarmer accused the Tories of using Brexit to pursue an 'open borders experiment' saying they had failed 'time and again' to get the system under control. To be fair his government has only been in office for 5 months and so can hardly be blamed for the whole problem, but to put all the blame on the Consrvatives is disingenuous. While they did nothing to seriously address the problem during their fourteen years in office the mass immigration problem was created by the Labour administrations of Tony Bliar and Gordon Bown who both enthusiastically advanced the open borders agenda. 

Starmer said he had done a 'double take' on seeing the numbers, branding them 'far too high' and must reduce 'significantly'. 'We will get them down,' he said. 'It is off the scale what has happened in four short years. 

'It is our job to turn it around and we will.'

However, Sir Keir refused to set any target - saying that had been proved not to succeed with the Conservatives having repeatedly committed to 'tens of thousands'.

In put it bluntly, Smarmer, in words so empty of conviction they sounded as shallow as a dam patch on a tiled floor, effectively said that his government will continue on the same course followed by both parties of government for the past quarter of a century.

Successive UK Government's have signed up to two UN treaties that cater for the 'legal' movement of foreigners into the UK with the Agenda 2030 goal of replacing the indigenous population. It is not a conspiracy theory and it is not even secret. In 2000 the UN published a paper entitled "Replacement migration : is it a solution to declining and ageing populations?" 

From the abstract to this paper."United Nations projections indicate that over the next 50 years, the populations of virtually all countries of Europe as well as Japan will face population decline and population ageing. The new challenges of declining and ageing populations will require comprehensive reassessments of many established policies and programmes, including those relating to international migration. 

Focusing on these two striking and critical population trends, the report considers replacement migration for eight low-fertility countries (France, Germany, Italy, Japan, Republic of Korea, Russian Federation, United Kingdom and United States) and two regions (Europe and the European Union). Replacement migration refers to the international migration that a country would need to offset population decline and population ageing resulting from low fertility and mortality rates."

Starmer, has certainly destroyed the Conservatives, turning against them the monster created by Labour under Blair and Brown but gleefully adopted by 'woke' Conservatism under Cameron, which was the creation of Blair and Brown. It was the Conservatives that, like the sorcerers apprentice, unleashed the spell which Labour had added to the magic book of constitutional law. Even the sorcerer himself can’t stop the ever expanding immigration numbers multiplying and he knows it. All he can do is shift the blame now he’s realised just how annoyed the population really is. Whitehall is in charge, the Government are just salesman. 

Whitehall decides and the Conservatives are powerless to stop them, but Labour intend to carry out everything they want as they are the mechanism Blair always imagined. If the population get upset, the only way to get off the hook is to blame it on the Conservatives and the Conservatives went along with it all, so they are to blame.

MORE IMMIGRATION POSTS:

Britain's Self Destructive Race To Net Zero Is Driven By Corruption In High Places
Late last year it was revealed that almost half the Conservative Party MPs in the U.K. Parliament belong to a group promoting extreme Net Zero ideas that is funded by a small group of green billionaires led by the ECF and CAF, along with Rockefeller Philanthropy Advisers and Oak Foundation.

The Truth Has Become An Enemy Of The State And Must Be Kept Hidden At All Costs
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Tractors Are Heading For Central London As UK Farmers Protest
Scores of farm tractors from all over Britain were reported to be converging on Westminster as British farmers finally ran out of patience and pushed back against what they say is a lack of government support. Flying Union flags and displaying signs with slogan such as 'Save British farming' and 'No farming, no food, no future' they were gathering in London and plan to arrive in central London by early evening

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UK Gov. Fossil Fuels U Turn Means Its All Over For Net Zero
The Announcement made by UK Prime Minister Rishi Sunak acknowledged at last that to keep the lights and heating on in our homes and the wheels of industry turning it will be necessary to start building new gas-fired power plants because the great science backed leap to transition energy productions to clean, green, pollution free, sustainable, renewable, blah blah blah sources has failed dismally.

Double Blow To Irish Woke Wonks - Voters Reject ‘Progressive’ Reforms to the Constitution By Big Majorities
Simpering, limp wristed Irish Prime Minister Leo Varadkar whose government has faced protests because it is claimed they govern in the interests of the liberal elite and ignore the Irish people, suffered two blows to his ambition to turn Ireland into the wokest country in Europe last weekend. Varadkar admitted on Saturday that voters had delivered “two wallops” to the government, which, led by Leo himself, had pushed for a "Yes" vote on a pair of referendums.

Corbyn's Politically Correct Hypocrites Hate Sexism But Approve Of Muslim Sexism
On encountering my insense dislike of the Labour Party, people asume I am a Conservative. WRONG! I have never supported The Conservatives and have never voted either Conservative or Labour in my life. Politicians should never be trusted, I but what sets Labour politicians and activists above the rest in terms of being worthy of only contempt is the hypocrisy.

He's Not The Messiah, His Name Is Edymandias - Miliband's slab stunt goes down like a Lead Balloon Only two days campaigning left before polls open for the 2015 general election. Who will winn? Opinion Poll show no conclusive trends. But inside information tells us the reason conservative Prime Minister David Cameron has a smile on his face as the campaigning draws to a close. Farage is radiant, clegg liooks chirpy, only Ed Milband is down in the dumps.

Were Rotherham Abuse Victimes sacrificed To Save The Labour Party
One of the victimes of Rotherham's grooming and child abuse gangs has put a political perspective on the scandal by claiming she and other victims were ignored, effectively sacrificed to the tender mercies of the gangs to ensure Labour did not lose votes in the town. The young girls were abused by Muslim men for years on end, but council did nothing to stop the crime.

Miliband Promises Same Old Shite - Not A Word About Action Against Paedophile Sex Gangs
Labour leader Ed Miliband's keynote speech at the Labour Party conference woyuld have to be the best speech of his life if he hoped to be Prime Minister after next years election, the consensus of opinon said. Ed's friends and opponents awaited the speech with very different hopes and expectations. in the end as Ed dodged the bg issues, the economy and debt, law and order, immigration and Europe, it was probably his enemies who were happier.

The Left's Rhetorical Technique Explained
In the first of what might become a long if irregular series of posts with the collective title, "Left Wing Authoritarianism for beginners," your friend and mentor Little Nicky Nicky Machiavelli will expose the origins of the socialist left's propaganda technique and its apparent dependence on slogans, dogma and mantras. But first let's play a little game ...

The Hate And Prejudice The Bourgois Left Find Acceptable
The neo - fascist left are quick to jump on any of the forbidden pejudices, racism, sexism, homophobia, islamophobia and so on. But as we have seen, they find pejudice and hated againt Christians and white Europeans quite acceptable. The bourgeois metropitan set might think that is acceptable but where I come from it's called hypocrisy.

Ve Haff Vay Of Making You Konform. The Tide Is Turning against the Autoritarian Left
The left's self confidence has had a hint of desperation about it for a long time. From their constant whines about the sexism, racism and homophobia of the working class who happen to be the party's core constituency to the substitution of smearing UKIP for policies in the european Election this is a party of arrested adolescents throwing a hissy fit because people are laughing at them.

Secret Justice Threatens The Right To A Fair Trial
A move to extend the government's power to order court proceedings to be held in secret and without a jury from only applying to trials affecting national security to anything the government would rather we did not know about threatens the most basic principles of British justice and the right to a fair trial.

These stupid laws insult the public and threaten free speech When the law forbids us to insult or offend somebody, to insult or offend a religion, race, skin colour or sexual preference, free speech and other important democratic rights are under threat. When the law then goes on to say that anyone accused of these offences has no right to defend themselves and the word of the accuser is sufficient evidence on which to obtain a conviction then we have abandoned justice and are ruled by fascists.

Britain's Self Destructive Race To Net Zero Is Driven By Corruption In High Places
Late last year it was revealed that almost half the Conservative Party MPs in the U.K. Parliament belong to a group promoting extreme Net Zero ideas that is funded by a small group of green billionaires led by the ECF and CAF, along with Rockefeller Philanthropy Advisers and Oak Foundation.

The Truth Has Become An Enemy Of The State And Must Be Kept Hidden At All Costs
Several industries have grown out of the need of globalist governments to keep the majority of the population in a state of fear in order that We The People will not rise up against the oppressive policies related to climate change, health tyranny, mass immigration, surveillance and censorship, technological dictatorship, and the suspension of our civil rights and liberties ...

Tractors Are Heading For Central London As UK Farmers Protest
Scores of farm tractors from all over Britain were reported to be converging on Westminster as British farmers finally ran out of patience and pushed back against what they say is a lack of government support. Flying Union flags and displaying signs with slogan such as 'Save British farming' and 'No farming, no food, no future' they were gathering in London and plan to arrive in central London by early evening

p>The Theraputic Society Is Destroying Civilisation
Many of the problems afflicting Britain and its neighbours appear to be related to what has been called The Theraputic Society, Nanny State and paternalistic liberalism. As government grows, corporate industry and private business is increasingly coming to resemble the public sector, ruled less by economic rationality than by an intrusive bureaucracy functioning increasingly like an HR department.

UK Gov. Fossil Fuels U Turn Means Its All Over For Net Zero
The Announcement made by UK Prime Minister Rishi Sunak acknowledged at last that to keep the lights and heating on in our homes and the wheels of industry turning it will be necessary to start building new gas-fired power plants because the great science backed leap to transition energy productions to clean, green, pollution free, sustainable, renewable, blah blah blah sources has failed dismally.

Double Blow To Irish Woke Wonks - Voters Reject ‘Progressive’ Reforms to the Constitution By Big Majorities
Simpering, limp wristed Irish Prime Minister Leo Varadkar whose government has faced protests because it is claimed they govern in the interests of the liberal elite and ignore the Irish people, suffered two blows to his ambition to turn Ireland into the wokest country in Europe last weekend. Varadkar admitted on Saturday that voters had delivered “two wallops” to the government, which, led by Leo himself, had pushed for a "Yes" vote on a pair of referendums.

Corbyn's Politically Correct Hypocrites Hate Sexism But Approve Of Muslim Sexism
On encountering my insense dislike of the Labour Party, people asume I am a Conservative. WRONG! I have never supported The Conservatives and have never voted either Conservative or Labour in my life. Politicians should never be trusted, I but what sets Labour politicians and activists above the rest in terms of being worthy of only contempt is the hypocrisy.

He's Not The Messiah, His Name Is Edymandias - Miliband's slab stunt goes down like a Lead Balloon Only two days campaigning left before polls open for the 2015 general election. Who will winn? Opinion Poll show no conclusive trends. But inside information tells us the reason conservative Prime Minister David Cameron has a smile on his face as the campaigning draws to a close. Farage is radiant, clegg liooks chirpy, only Ed Milband is down in the dumps.

Were Rotherham Abuse Victimes sacrificed To Save The Labour Party
One of the victimes of Rotherham's grooming and child abuse gangs has put a political perspective on the scandal by claiming she and other victims were ignored, effectively sacrificed to the tender mercies of the gangs to ensure Labour did not lose votes in the town. The young girls were abused by Muslim men for years on end, but council did nothing to stop the crime.

Miliband Promises Same Old Shite - Not A Word About Action Against Paedophile Sex Gangs
Labour leader Ed Miliband's keynote speech at the Labour Party conference woyuld have to be the best speech of his life if he hoped to be Prime Minister after next years election, the consensus of opinon said. Ed's friends and opponents awaited the speech with very different hopes and expectations. in the end as Ed dodged the bg issues, the economy and debt, law and order, immigration and Europe, it was probably his enemies who were happier.

The Left's Rhetorical Technique Explained
In the first of what might become a long if irregular series of posts with the collective title, "Left Wing Authoritarianism for beginners," your friend and mentor Little Nicky Nicky Machiavelli will expose the origins of the socialist left's propaganda technique and its apparent dependence on slogans, dogma and mantras. But first let's play a little game ...

The Hate And Prejudice The Bourgois Left Find Acceptable
The neo - fascist left are quick to jump on any of the forbidden pejudices, racism, sexism, homophobia, islamophobia and so on. But as we have seen, they find pejudice and hated againt Christians and white Europeans quite acceptable. The bourgeois metropitan set might think that is acceptable but where I come from it's called hypocrisy.

Ve Haff Vay Of Making You Konform. The Tide Is Turning against the Autoritarian Left
The left's self confidence has had a hint of desperation about it for a long time. From their constant whines about the sexism, racism and homophobia of the working class who happen to be the party's core constituency to the substitution of smearing UKIP for policies in the european Election this is a party of arrested adolescents throwing a hissy fit because people are laughing at them.

Secret Justice Threatens The Right To A Fair Trial
A move to extend the government's power to order court proceedings to be held in secret and without a jury from only applying to trials affecting national security to anything the government would rather we did not know about threatens the most basic principles of British justice and the right to a fair trial.

These stupid laws insult the public and threaten free speech When the law forbids us to insult or offend somebody, to insult or offend a religion, race, skin colour or sexual preference, free speech and other important democratic rights are under threat. When the law then goes on to say that anyone accused of these offences has no right to defend themselves and the word of the accuser is sufficient evidence on which to obtain a conviction then we have abandoned justice and are ruled by fascists.

[ Immigration crisis ] ... [ Globalisation ] ... [ Humanitas ] ... [ Europe unglued ]

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]

Wednesday, August 09, 2023

NatWest Imposes New Cash Limits In Latest Push Towards A Cashless Society

 

NatWest RBS banking group, which owns Coutts, the bank involved in the debanking of Nogel Farage story, and itself largely owned by the government on behalf of We The Taxpayerssince 2009, has granted itself “sweeping new powers” to limit the amount of cash customers can deposit and withdrawal, triggering warnings that banks are operating as a cartel to force customers towards abandoning cash completely and accepting a “cashless society” which would pave the way to electronic surveillance of our financial activity.

NatWest, one of the UK's major high street banks has advised current account holders it is bringing in new terms and conditions “giving us the right to set limits on inbound and outbound payments”.

In a leaflet it said that could include imposing “daily and annual” cash withdrawal and deposit limits and “limiting the amount of cash” paid in or taken out.The move has aroused concerns that curbs on the use of paper money (legal tender in case the snivel servants at the Treasury have forgotten the laws,) could have negative consequences by allowing banks and government agencies to freeze customer's accounts or defund people engaged in lawful activities the government wished to suppress.

In a classic case of bad timing, the move comes just as the group is under scrutiny over the scandal that erupted after the “de-banking” of Nigel Farage who then revealed that Coutts – which is owned by NatWest Group – had closed his account because it disagreed with his political views.

NatWest said it was making the change to “protect our customers from the risk of fraud” and that it was nothing to do with limiting customers’ access to cash. Banks have been told to do more to tackle financial crime by the City watchdog but claiming that limiting cash will do that is bollocks, far more fraud is done online than in cash now.

The way banks and bureaucrats always cite prevention of fraud and money laundering as justification for their push to abolish cash is so far off the reality as to be laughable. Banks and online payment services are by far the biggest players in the money laundering business and it is far easier to launder large amounts money via computer systems than by carrying briefcases full of banknotes around.

Look up 'Double Irish with a Dutch sandwich' if you doubt me. It explains how banks and corporations launder their vast profits to evade tax.

https://www.offshoreaffairs.com/post/double-irish-dutch-sandwich-tax-avoidance-explained 

If we lose cash we lose our freedoms - effectively vassals of the state - a form of feudalism for the modern age. Every penny we possess can be seen by the state, every penny we spend will be monitored.

Some or all of our wealth could be removed at the press of a button if it’s considered we have too much for our needs, if the state considers it could make better use of it or it’s felt we have expressed thoughts the authorities don’t want expressing.

Our ‘money’ if that’s what it would still be called, could be electronically ring-fenced for purchases the authorities approve of and prevented or limited for use on purchases they don’t. Investment would disappear - who would want to save when the state could remove our savings at a stroke?

The possibilities for control are endless. 

 

Nigel Farage, who led the successful campaign to vote the UK out of the European Union and is now organising a campaign against authoritative overreach by banks, said it was deeply worrying that banks are now giving themselves such sweeping powers to dictate how customers’ handle their money.

“The wider de-banking scandal I have uncovered has already demonstrated that banks cannot be trusted to wield such power responsibly, given the way they have closed people’s accounts purely because of the political views they hold,” he told The Telegraph, adding “There will now naturally be fears that customers who fall foul of the corporate thought police could see their access to cash cut off. Jeremy Hunt must act swiftly to make sure that this cannot happen and that legal tender remains legal tender.”

NatWest's  new rules, which come into force on Sept 11, state that: “We may apply limits to payments to and from your account, for example, to the amount of cash you pay in or withdraw, or to payment types where there is a high risk of fraud, scams or other crimes.”

Anne-Marie Morris, a Tory MP who sits on the Commons treasury committee, added: “We should not be moving to a cashless society without consumer consultation and consent.

“Of course we must ensure money laundering is not allowed to flourish. But there is a balance and society cannot just be deprived of cash because it suits banks and regulators.

“The fraud and money-laundering rules seem to be wagging the tail of the cash dog.”

RELATED:

Posh Peoples Banker Humbled By Public Backlash To Authoritarian Debanking Policy
Much discussion in UK media and as far away as The USA and Australia this week has focued on the decision by Coutts (the posh people's bank,) to ‘de-bank’ former UKIP leader Nigel Farage, the political outsider who successfully steered the campaign to take Britain out of the EU to victory in a national referendum. According to Coutts initial responses to media attention the decision was taken because of reputational concerns.

Is Switzerland About To Become First Country To Outlaw A Cashless Society?
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.

Negative Interest Rates & The War On Cash, Part 3: "Beware The Promoters"
Bitcoin and other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasising decentralisation and anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency. Despite the loss of privacy, electronic currency is much favoured by techno-optimists, but not so much by those concerned about the risks of absolute structural dependency on technological complexity.

Beware the dangers of a cashless society
As the country celebrates tradition and prepares for change, one major shift is closer than ever – our move towards becoming a cashless society. It is hard to imagine money without the Queen’s profile proudly embossed, defining our Elizabethan generation in a centuries-old British tradition, but the monarch’s face is fast disappearing from our pockets.

War On Cash Gathers Momentum - Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins "dirty, dangerous, unwieldy, and expensive." We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if ...

Posh Peoples Banker Humbled By Public Backlash To Authoritarian Debanking Policy
Much discussion in UK media and as far away as The USA and Australia this week has focued on the decision by Coutts (the posh people's bank,) to ‘de-bank’ former UKIP leader Nigel Farage, the political outsider who successfully steered the campaign to take Britain out of the EU to victory in a national referendum. According to Coutts initial responses to media attention the decision was taken because of reputational concerns.

Is Switzerland About To Become First Country To Outlaw A Cashless Society?
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.

Negative Interest Rates & The War On Cash, Part 3: "Beware The Promoters"
Bitcoin and other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasising decentralisation and anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency. Despite the loss of privacy, electronic currency is much favoured by techno-optimists, but not so much by those concerned about the risks of absolute structural dependency on technological complexity.

Beware the dangers of a cashless society
As the country celebrates tradition and prepares for change, one major shift is closer than ever – our move towards becoming a cashless society. It is hard to imagine money without the Queen’s profile proudly embossed, defining our Elizabethan generation in a centuries-old British tradition, but the monarch’s face is fast disappearing from our pockets.

War On Cash Gathers Momentum - Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins "dirty, dangerous, unwieldy, and expensive." We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if ...

The Folly Of Using Inflation To Reduce The Debt As the Obama administration starts to seriously consider minting Trillion dollar coins to reduce debt by fuelling massive inflkation the Daily Stirrer's finance expert explain why this would not work and would have catastrophic consequences.

A Dickensian Christmas Gift: Mister Micawber's Economic Wisdom
Despite the ever growing dunghill of evidence to the contrary lefty politicians around the world continue to call for higher taxes, more government spending and collectivist solutions while the clueless Obama administration embark on another futile round of "quantitative easing. What they are trying to do is inflate away debt but inflation is the curellist stealth tax. (Also posted at Scribd)

The Folly of World View Theorists From The Left And Right World view theorists abound on the right and left of the political spectrum. Neo - con Free Market Freaks butt heads against big government collectivists as they compete to offer the most authoritarian and unworkable solutions to the world's ongoing crisis. The one element they always factor out of their calciulations however, human nature, is always the one that sneaks up and bites their arses.

Marxism: The Main Cause Of Poverty And Inequality
The idea that some watered down form of Marxism can relieve poverty while a system based on free enterprise, personal liberty and responsibility and small governmen can only widen the gap between rich and poor is widely held and completely wrong.

The Folly of World View Theorists From The Left And Right World view theorists abound on the right and left of the political spectrum. Neo - con Free Market Freaks butt heads against big government collectivists as they compete to offer the most authoritarian and unworkable solutions to the world's ongoing crisis. The one element they always factor out of their calciulations however, human nature, is always the one that sneaks up and bites their arses.

[ Cashless Society ] ... [ debt crisis ] ... [ Money from fresh air ] ... [ Money index ] ... [ Banks' money magic ]

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]

Friday, August 04, 2023

Globalists Say Britain Should Rejoin The EU, Are They Having A Laugh? German Citizens Are Not Amused

 

Germany: the 'sick man' of Europe again?

August 4, 2023

Despite the constant wailing and gnashing of teeth from globalists who insist on trying to blame Brexit for Britain's economic woes as if we alone are suffering a multi - layered economic crisis and that the only was out of it is for the UK to rejoin, the EU, taken as a single economy is in a worst state than the UK.  The German economy, on which solvency in the EU has depended for a long time, is in deep trouble with inflation soaring and growth stagnant, and as long as current policies remain in place there is no sign of improvement in the foreseeable future. The serial crises of the past decade and a half, from global financial meltdown through immigration, political uncertainty, COVID and the aftermath of lockdowns to the Ukraine war, energy crisis and sky high inflation, have exposed the weaknesses of the country's business model.

***

Shortly before the turn of the century British business magazine The Economist published a series of essays and articles on the German economy, which concluded by describing the country as the sick man of Europe. Although this was at the time when the rest of the world was still being propagandised into believing in the German Industrial Powerhouse the insult served as a wake-up call for German politicians, which, having bought into their own propaganda was still living in the boom years that followed reunification reunification. Germany's Federal Government had been delaying much needed reforms, hoping like Mr. Micawber that 'something would turn up. 
 
Prodded by the Economist and other critics the government of Chancellor Schröder introduced major reforms to the labour market, directing the main thrust of its efforts towards reforming Germany's generous social welfare program. In particular, the government wanted to reduce the costs of the bloated welfare system; with an ageing population and high levels of sickness and disability, the number of beneficiaries was increasing at a rate exceeding the number of contributors, thus driving the state budget close to insolvency. High benefit levels had to be paid for and economic recovery was hampered by high taxes. In response to this Schroder attempted to relieve the burden on businesses of the country’s high taxes and labour costs, which had driven away foreign investment and encouraged German firms to close German plants and move them overseas.
 
These steps slowly trurned things around and in 2014, a group of economists from Berlin and London wrote that Germany had developed"From sick man of Europe to an economic superstar."

However in 2023 the wheel has turned full circle and German economy is again struggling. For the final quarter of 2022 and the first of 2023 economic output has declined putting the national economy in "technical recession." In the most recent quarter, Germany's gross domestic product (GDP) has stagnated at the level of the previous quarter, and all the important economic indicators show a decline.

"Germany's economic situation is darkening," was the conclusion of the president of the Leibniz Institute for Economic Research at the University of Munich, Clemens Fuest. The Institute surveys 9,000 executives each month about the current state of their businesses and their expectations for the next six months. The resulting Business Climate Index (July 2023) has fallen for the third month in a row. The Institute researchers expect Germany's GDP to decline again during the current quarter. ... 

****  

Commerzbank chief economist Jörg Krämer reinforces the opinion of Clemens Fuest and the Munich Institute for Economic Research: "Unfortunately, there is no improvement in sight," Krämer told the Reuters news agency. "The worldwide interest rate increases are taking their toll, especially since German businesses are already unsettled due to the eroding quality of their location."

The country's industrial sector, the showpiece of its economy, is causing the most concern. It accounts for a relatively large portion of Germany's gross value added (GVA), about 24%, and has been suffering  global trends along with other developed nations. A worldwide economic slump in the wake of the COVID pandemic fiasco added to globalist ideologies' influence on policy making it easier for manufacturers to move operations from highly regulated areas such as the EU to nations ith more lax regulatoty and business taxation jurisdictions. Germany's once mighty engineering and automobile sectors, which were heavily reliant on exports, are feeling the effects of foreign customers holding back while cheaper imports from China and other 'emerging' economies flood the domestic market.

And on top of all this a decade of unregulated mass immigration of semi - literate, poorly educated, culturally incompatible, unemployable migrants from third world nations has bloated the welfare system again.

Compared with other industrialized nations, Germany is performing exceptionally poorly — and according to an estimate by the International Monetary Fund (IMF) will be the only large country to have a shrinking economic output.

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Germany haemorrhaging cash to keep country running on as ‘net zero’ becomes zeroeconomic activity
Germany was so desperate to achieve 'net zero' CO2 emissions that for years the country's government closed its fossil fuel-fired and nuclear power plants,replacing those plants with wind and solar power — as well as impoorting huge volumes of natural gas and oil from Russia. After the Russian invasion of Ukraine in February 2022, when NATO (aka the U.S.A.) mandated that the West impose retaliatory sanctions on Russia, including a ban on importation of Russian gas and oil, Germany found itself in a hole:

Germany is Now A “Total Dictatorship” Says Dutch Journalist
A Dutch journalist has claimed that Germany is now a “total dictatorship”. This may seem like a case of the pot calling the kettle black given the Dutch government's plan to evict up to 3000 farmer from their land and return those acreages 'to nature' in a bid to lead the way among EU member states, to enforce total compliance with the latest loonytoons EU climate policy which requires EU members to reduce that dangerous pollutant nitrogen, which accounts for 78% of the air we breathe ...

German Interior Minister Caught Faking Asylum Numbers To Hide Migrant Crisis
Germany’s interior minister, Nancy Faeser, is trying to fend off claims that she has faked statistics on refugee numbers to hide number of illegal immigrants claiming entry to Germany by posing as asylum seekers since the beginning of this year. While official figures show only 57,647 refugees have been admitted to Germany, the federal police have registered 101,900 arrivals of undocumented migrants since January

Common Sense Prevails: Germany Is Dismantling Wind Turbines To Make Room For Coal Mining
We have learned vial a piece in OilPrice.com that turbines at a wind farm in western Germany are being dismantled to allow for the expansion of open cast coal mining operations at an adjacent site. The propsal to increase output at the Garzweiler open-pit lignite coal mine has been described as a “paradoxical” situation given that in recent years the German government has been pushing ahead with the closure of coal and nuclear generating plant to appease its nutty but powerful Green party ... Continue reading >>>

German NatGas Consumption Too High To Avoid Energy "Emergency", Regulator Warns As Norway Increases Gas Production
Germany tok great pride in leading the race among developed nations to achieve a net xero economy but now the folly of that policy is being exposed as gas supplies from Russia dry up and the inadequacies of wind and solar are exposed

An Energy Crisis In Tandem With A Food Crisis On Top Of An Economic Crisis And A War. This Cannot End Well
As politicians in North America and Europe try to deflect from their own failure that have contributed to the current plethora of crises by blaming Russia and Vladmir Putin for all the current problems, while the war in Ukraine is a contributory factor in each, the real blame lies closer to home.

Swedish Media Outlet Publishes Leaked U.S. Document On How to CRUSH Europe Economy via Ukraine War Effort
Swedish news organisation Nya Dagbladet has published a leaked top secret US plans to use the war in Ukraine and an induced energy crisis to destroy European economies. The report claims the RAND Corporation a defence and foreign policy think tank founded by military aircraft maker Douglas has the official aim of improving policies and decision-making, is the source of its evidence.

Rishi Sunak Reveals How Boris Sold Us Out To Big Pharma and Globalism
it seems most people in Boris Johnson's cabinet during the run up to lockdowns were kept in the dark about many things, including the fact that 'The Science' on which lockdown policy was based was not science at all. Government was effectively reduced to a “quad” of ministers and their 'scientific advisers' deciding on Britain’s future. Rishi Sunak, at that time Chancellor of the Exchequer (finance secretary) was one of them. There were rumours at the time that Sunak repeatedly warned that lockdowns would inflict economic damage that was likely to endure for decades.

The Federal Republic of New Normal GermanySo, the government of New Normal Germany is contemplating forcing everyone to wear medical-looking masks in public from October to Easter on a permanent basis. The fanatical New Normal fascists currently in charge of Germany’s government are discussing revising the “Infection Protection Act” in order to grant themselves the authority to continue to rule the country by decree, as they have been doing since the Autumn of 2020

, thus instituting a “permanent state of emergency” that overrides the German constitution, indefinitely ...

France's Week Of Riots Signal Failure Of Virtue Signalling Immigration Policies
The mass riots that rocked French society over the past week put the spotlight on the disaster of liberal mass immigration policies in the European democracies and the total failure by Western societies to assimilate the new arrivals welcomed through years of mass immigration, into the culture, traditions and laws of the host nation, Hungarian Foreign Minister Péter Szijjártó has claimed.

French Police Say "We're At War With Vermin" As Nationwide Riots Spread Like Wildfire
Social unrest continued to spread in the cities and large towns of France cities for a fourth consecutive night last night, with hundreds of buildings and vehicles set ablaze. President Emmanuel Macron's government struggled to contain the violence, which was sparked on Tuesday after a teenager was shot dead by a police officer.

EU Power Grab Backed By France, Germany, Aims To End Member States Right To Veto Bureaucrats Policy Moves
In what may spell the end for the European Union's ambition to become a federal superstate, Germany and France plan to end the right, currently held by every member state to veto any policy proposed by the Brussels bureaucracy before the end of this year.The debate over the issue has led to increased tensions between members in recent months, but has now been put back on the agenda.

Jingoistic Western Triumphalism Will Not End The War In Ukraine Or Cripple Putin, But It Is Crippling Western Nations
As the war in Ukraine grinds on and Russia steps up its economic war against the west and in particular The European Union, claims made recently by the idiotically 'woke' leaders of Europe's main economic and military powers that the West has a once-in-a–generation chance to severely weaken Russia’s capabilities, both militarily and geopolitically, look increasingly hollow. Putin's critics have cited 'Western unity' as one of the main reasons why Russia will be economically destroyed and politically humiliated when the Ukraine's military finally claim victory.

European Union Is Again Close To A Meltdown As Eurozone Economy Collapses
Once more we return to the political instability and economic fragility of the European Union as the conflict in Ukraine combined with loonytoons Climate Change mitigation policies, the failure of 'sustainables' to meet ever increasing demand for electricity, fod shortages and rampant price inflation put economic and social pressure on governments of member states ...

Debunked: The Great Renewable Green Delusion
The war in Ukraine has not caused the global energy crisis of early 2022 byt merely exacerbated it. Currently the nations currently in conflict with Russia over its incursion into Ukraine are those which are most dependent for their energy needs on Russian oil and gas. And now their loonytoons 'net zero' green energy policies have failed they are biting the hand that feeds them.

Putin, Macron To Hold Urgent Talks To Halt Military Escalation In Ukraine
Even though the leaders of Ukraine itself are talking down the threat of war with Russia over the breakaway region of Donbas, America and Britain are still beating the war drums and demonising Russian leader Vladimir Putin. Russia insists they have no plans to invade Ukraine and one western leader at least, France's Emmanuel Macron, seems to be listening to messages coming out of the East European trouble spot...

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Thursday, June 29, 2023

COVID To Blame For Inlation Says Economically Illiterate Bank Of England Chief

 An interesting insight into why the liberal democracies are all in the throes of financial crises emerged yesterday as a result of a pissing contest between the current head of the Bank of England, Andrew Bailey, and his predecessor Mark Carney.

Canadian national Carney was always a supporter of the European Union and throughout his tenure at the BoE from 2013 to 2020 was a strong supporter of closer economic integration with the European Union and then of the 'Remain' campaign and finally of efforts by certain billionaire psychopaths and globalist politicians to habe the referendum result overturned. Since leaving his role at the Banl he has consistently spoken and published articles claiming Brexit is to blame for everything from inflation to extreme weather events. 

The current BoE chief Andrew Bailey said in an obvious rebuke to Carney earlier this week that Covid is to blame for the inflation crisis rather than Brexit, which is still wrog but not as stupidly wong as Carney's belief that Brexit is to blame for everything

Mr Bailey said the pandemic is the key problem, as workers who left the jobs market during Covid do not appear to have returned, leaving a sustained hole in the economy.

It should be obvious to anyone who has more tits or testicles that inflation is caused by banks, more specifically the central banks. While theidiotic responses of the debeloped nations to the COVID pandemic led to an orgy of money printing, which certainly did not help, inflation is an upwards movement of wealth. Bankers, as always, hide behind false accusations, always pointing towards big events and not their own nefarious activities in stripping the wealth away from ordinary people. People are left not knowing who to blame in this instance because saying it is ‘Covid’ or ‘Brexit’ is to cloud the issue in political blaming and point towards the governing party at the time, namely the Tories, who have no ability to make financial decisions without the say so of their banking overlords. Inflation, just like the banking crises of 2008 and 1929, was caused by central banks, the only winners in this game.

The inflation we are experiencing may have originated with manufactured supply chain shortages – starting with the gas and oil price in the Autumn before the start of the Ukraine war but these shortages are being caused by a combination of government policy globally (in response to UN Agenda 2030) and a change in the strategic orientation of large corporations to an ESG agenda – otherwise known as stakeholder capitalism. The banks also have a role in setting high interest rates but these are mainly an attempt to fix the broken debt markets. While the COVID policies were ridiculously over the top considering the true level of threat posed by the disease, the orgy of money printing kicked off by lockdowns, on the back of a decade of idioically cheap credit which encouraged a growth of deby to eye watering levels, and then followed by steep increases in interest rates have reduced the value of money while simultaneously raising the cost of goods and services. And it is all down to mismanagement of the money supply by central banks as they choose to serve political ideologies rather than practical economic consideratons. RELATED:

"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off
Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again. 

If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.

Panama Papers: British Elite Linked to Corruption, yet Media Only Focuses on Putin It is clear (and very easy to research) that many Amerocan elitists, including prominent political figures are involved in the Panama tax haven scandal. So why are British news organisations focusin on David Cameeron, the Conservatives and Vladimir Putin? Could it be the Gerge Soros funded group behaind the leaks have another agenda besides exposing (perfectly legal) tax avoidance?

How To Help The Poor - A look at how mainstream politics talks of fairness but penalises poverty
All three mainstream parties in the May 2015 General Election are focusing, as they did last time, on fairness, equality and helping 'the poor'. As their senior spokesmen piously pontificate there will be no trace of irony from either Conservative, Labour or Liberal Democrat while the spout such bollocks, even though they know their economic policies will penalise the poor.

Things That Make You Boggle ... Like The Misplaced Confidence Of Academics
Why are economics academics always so sure that their predictions are correct. Given the abysmal record on economists on calling the economic trends correctly even after they have happened let alone ahead of the trend, you would think exponsents of the dismal science would be a little more cautious in proclaiming their gusses as evidence backed facts. They never seen to learn however.

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Plans to let the taxman take cash out of people’s bank accounts without their permission were condemned by MPs after Rebecca Benneyworth, of the Institute of Chartered Accountants, warned the department is ‘shooting itself in the foot.’ She told the ICAEW conference : ‘Public trust in HMRC would be eroded very quickly if cases come to light where funds have been incorrectly removed. ‘HMRC cannot afford to have public opinion turn against the tax system and those charged with administering it.’Accountants have warned HMRC cannot be trusted ...

The Second Wave Of The Debt Tsunami or The Coming Of The New World OrderAs the debt crisis stumbles on in Europe, the U S A and around the third world all politicians and governments can do is keep kicking the can further down the road. Nobody is prepared to admit that the economic model based on perpetual growth funded by personal debt and public spending has failed. So where do we go from here?
Britain' Leaders Must Ignore The Messianic Promises Of This False Prophet Of Economic SalvationAccording to his fans Paul Krugman is the greatest economist of his generation. So why does he telln us he can solve the economic crisis when all he can offer is a return to the borrow and spend policies that created the mess in the first place.
Green Policies Will Not Save The Planet But Are Costing Poor Families The EarthPoliticians bleat about the plight of the poor then press on with their clean, green, sustainable energy policies which include stealth taxes to subsidise expensive and inefficient wind turbine and solar panel power generators. Can they not see it is the green agenda that is driving up inflation ...
Drop in UK inflation Is Not Good NewsThe Office for National Statistics has reported a sharp fall in the Consumer Prices Index - down from 4.8 per cent in November to 4.2 per cent last month - was the sharpest drop in the annual rate since December 2008 when the UK was in recession and VAT was reduced. Government ministers and propagandists will try to talk this up as a sing that the economy is starting to recover. We should be wary however, in the current economic circumstances a drop in inflation, especially one this rapid in what is traditionally the best month of the year for retailers, is not good news ...
Financial MadnessWas the credit crunch as the media called it really caused by the geed and incometence of the banks and the inabiliy of us ordinary punters to manage our affairs. Or was it all due to the financial madness of politicians who engineered a a system that depended on infinite growh in a world of finite resources.
Shock, Horror! Coalition Spending Cuts Cuts Will Mean 50,000. NHS Job LossesPredictably the left are screaming about the claimed 50,000 jobs that will have have to be axed by NHS trusts across the nation to meed government budget reduction targets. What NHS managers are doing however is following in the footsteps of Labour controlled councils and rather than losing the candy - floss jobs created by empire building bureaucrats are slashing front line services to punish users of the service for ...
Interest Rates Must Start To Rise Very SoonThe Daily Stirrer has warned you to brace yourselves for rises in interest rates. As it is the Bank of England has kept rates at an insanely low level for far too long in the face of evidence that their policy had completely failed to achieve its stated aim and boost the economy. Now with the economy stagnant, the jobless figures flatlining but likely to increase as public sector jobs are shed and inflation

"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off
Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again. 

If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.

Panama Papers: British Elite Linked to Corruption, yet Media Only Focuses on Putin It is clear (and very easy to research) that many Amerocan elitists, including prominent political figures are involved in the Panama tax haven scandal. So why are British news organisations focusin on David Cameeron, the Conservatives and Vladimir Putin? Could it be the Gerge Soros funded group behaind the leaks have another agenda besides exposing (perfectly legal) tax avoidance?

How To Help The Poor - A look at how mainstream politics talks of fairness but penalises poverty
All three mainstream parties in the May 2015 General Election are focusing, as they did last time, on fairness, equality and helping 'the poor'. As their senior spokesmen piously pontificate there will be no trace of irony from either Conservative, Labour or Liberal Democrat while the spout such bollocks, even though they know their economic policies will penalise the poor.

Things That Make You Boggle ... Like The Misplaced Confidence Of Academics
Why are economics academics always so sure that their predictions are correct. Given the abysmal record on economists on calling the economic trends correctly even after they have happened let alone ahead of the trend, you would think exponsents of the dismal science would be a little more cautious in proclaiming their gusses as evidence backed facts. They never seen to learn however.

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Plans to let the taxman take cash out of people’s bank accounts without their permission were condemned by MPs after Rebecca Benneyworth, of the Institute of Chartered Accountants, warned the department is ‘shooting itself in the foot.’ She told the ICAEW conference : ‘Public trust in HMRC would be eroded very quickly if cases come to light where funds have been incorrectly removed. ‘HMRC cannot afford to have public opinion turn against the tax system and those charged with administering it.’Accountants have warned HMRC cannot be trusted ...

The Second Wave Of The Debt Tsunami or The Coming Of The New World OrderAs the debt crisis stumbles on in Europe, the U S A and around the third world all politicians and governments can do is keep kicking the can further down the road. Nobody is prepared to admit that the economic model based on perpetual growth funded by personal debt and public spending has failed. So where do we go from here?
Britain' Leaders Must Ignore The Messianic Promises Of This False Prophet Of Economic SalvationAccording to his fans Paul Krugman is the greatest economist of his generation. So why does he telln us he can solve the economic crisis when all he can offer is a return to the borrow and spend policies that created the mess in the first place.

U S Regional Bank First Republic Crashes As America's Banking 'Crisis In Confidence' Becomes Contagious
Shares in America's First Republic Bank's crashed when the New York stock market opened for trading this morning. The crash was triggered by a statement issued on Sunday night that sought to ease investor worries about the bank's liquidity situation in the wake of the failure of Silicon Valley Bank. Shares in the San Francisco based regional bank are down 60% on last week's close.

Naked Bankers Go For Gold
... That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.

Things That Make You Boggle ... Like The Misplaced Confidence Of Academics
Why are economics academics always so sure that their predictions are correct. Given the abysmal record on economists on calling the economic trends correctly even after they have happened let alone ahead of the trend, you would think exponsents of the dismal science would be a little more cautious in proclaiming their gusses as evidence backed facts. They never seen to learn however.

Was The Banks' Cypriot Smash And Grab A Rehersal
When I started here at Bubblews back in early March the big story was the financial meltdown in Cyprus and the international response that shocked the world. The political leaders and international bankers whose incompetence and irresponsibility caused ...

Money Index Tax The Rich, Hurt The Poor
The loopy left in Britain and the USA have, throughout the cedit crunch, chanted their Tax The Rich mantra. Those who do not learn from history are condemned to repeat it of course and the left have still not learned from all the other economic catastrophes caused by attempts to redistribute wealth that taxing the rich huts the poor most.

The Folly Of Using Inflation To Reduce The Debt As the Obama administration starts to seriously consider minting Trillion dollar coins to reduce debt by fuelling massive inflkation the Daily Stirrer's finance expert explain why this would not work and would have catastrophic consequences.

A Dickensian Christmas Gift: Mister Micawber's Economic Wisdom
Despite the ever growing dunghill of evidence to the contrary lefty politicians around the world continue to call for higher taxes, more government spending and collectivist solutions while the clueless Obama administration embark on another futile round of "quantitative easing. What they are trying to do is inflate away debt but inflation is the curellist stealth tax. (Also posted at Scribd)

Green Policies Will Not Save The Planet But Are Costing Poor Families The EarthPoliticians bleat about the plight of the poor then press on with their clean, green, sustainable energy policies which include stealth taxes to subsidise expensive and inefficient wind turbine and solar panel power generators. Can they not see it is the green agenda that is driving up inflation ...
Drop in UK inflation Is Not Good NewsThe Office for National Statistics has reported a sharp fall in the Consumer Prices Index - down from 4.8 per cent in November to 4.2 per cent last month - was the sharpest drop in the annual rate since December 2008 when the UK was in recession and VAT was reduced. Government ministers and propagandists will try to talk this up as a sing that the economy is starting to recover. We should be wary however, in the current economic circumstances a drop in inflation, especially one this rapid in what is traditionally the best month of the year for retailers, is not good news ...
Financial MadnessWas the credit crunch as the media called it really caused by the geed and incometence of the banks and the inabiliy of us ordinary punters to manage our affairs. Or was it all due to the financial madness of politicians who engineered a a system that depended on infinite growh in a world of finite resources.
Shock, Horror! Coalition Spending Cuts Cuts Will Mean 50,000. NHS Job LossesPredictably the left are screaming about the claimed 50,000 jobs that will have have to be axed by NHS trusts across the nation to meed government budget reduction targets. What NHS managers are doing however is following in the footsteps of Labour controlled councils and rather than losing the candy - floss jobs created by empire building bureaucrats are slashing front line services to punish users of the service for ...
Interest Rates Must Start To Rise Very SoonThe Daily Stirrer has warned you to brace yourselves for rises in interest rates. As it is the Bank of England has kept rates at an insanely low level for far too long in the face of evidence that their policy had completely failed to achieve its stated aim and boost the economy. Now with the economy stagnant, the jobless figures flatlining but likely to increase as public sector jobs are shed and inflation

[ Inflation - the cruellist tax ] ... [ mone and finance ] ... [ money from fresh air ] ... [ Bankers money magic ]

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]