Man in a Shed: Real UK interests betrayed by the US Obama administration yet again !

Friday, June 11, 2010

Real UK interests betrayed by the US Obama administration yet again !

The anti-British Obama administration has found another way to stab its loyal friend in the back.

This time its calling for talks over the sovereignty of the Falklands with the aggressive Argentine regime.

Read it here....

This is another reason we need to be out of Afghanistan - there's no credit to be gained from an administration that is rabidly ant--British and there are real defence concerns that they clearly won't help us with.

Maybe a new US administration will restore the Atlantic alliance, but we can't rely on it.

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman