David Craig, on March 9th, 2025Sunday-Monday blog
I thought I’d just feature one chart which I doubt the mainstream media will be too enthusiastic about showing.
The chart comes from the ludicrously-misnamed Office for Budget Responsibility. The upper line shows projected government spending and the lower line shows expected government revenue from taxes:
I’ll leave it up to you to conclude where this will leave us.
Bannon destroys clueless Sky ‘journalist’
And while we’re on the subject of Britain going bankrupt under Rachel ‘the economist’ Reeves’s deft fiscal management and soon needing an IMF bailout, here’s a video of Trump supporter and former adviser Steve Bannon schooling a floundering Sky News interviewer about the realities of life:
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One of the youtube comments – “He�s on point he�s dealing with reality. The European Union is completely delusional”.
Like to think in all this the UK is playing some kind of 4d chess along the lines of Yes Minster playing the europeans off against each other to cause chaos. But sadly i think the PPE crowd are so deluded and brainwashed living in a world where words mean everything and actions / delivery are not a consideration just pure ideology and propaganda being spouted 24/7 devoid of reality.
It seems to me that this is one more example of our politicians selling our (The british people) future to the global elite moenylenders, thus ensuring that our taxes will be used to increase their wealth and that “We will have nothing and enjoy it”
The real issue with the graph is where does the money come from to make up the difference. It can only come from the issue of government bonds or by monetising debt. It will be the latter which means constant debasing of the currency. However, I suspect the UK economy will have collapsed completely within a few years because the debt is already unsustainable.
Trump also hasn�t a clue about economics and the introduction of tariffs will destroy the US economy. Trump does not understand that the manufacturing costs in China are extremely low in relation to the retail cost in the USA. The last figure I saw was 10% but that was a few years ago. There are transport and marketing costs to add in. But the difference means massive profit for companies like Apple. All this does is transfer money from American consumers to the superrich. Trumps thinks that tariffs make the Chinese bring manufacturing to the US. He�s a fool. Tariffs also mean that US manufacturers will increase their prices. But also salaries are high in the US to pay for these goods, just as they are in the UK and Europe. All our exports are expensive as a result, and made even worse because of high energy costs. Who is going to buy our high cost products? We need to export to pay for essential imports, unlike America which has more resources.
I couldn�t watch much of the shouting in the video. Trump talks about peace, but when is Putin ever mentioned? Trump talks about deals and winning. This is how he does business. This is not how diplomacy works, it is more of a compromise and it never happens quickly.