Man in a Shed: The facts of life are catching up on the Conservative party

Monday, February 22, 2016

The facts of life are catching up on the Conservative party

Things are turning nasty. Cameron ( anyone in a rich bank or international body like the EU have a job going for this still young man when he steps down after having no more interest in politics ? ) has turned on Boris.

Maquess of Queensbury rules aren't in play here. Bris vs Cameron is looking like a blood sport.

The shield of waiting for Cameron's fake renegotiation - the only role of which seems to be to help people forget what he originally said he wanted and that he promised to campaign for out if he didn't get it - has gone.

Conservatives are going to start politely, but the gloves will come off when very quickly.

After all it the very existence of the nation that's at stake.

Cameron and the bankers backing the EU superstate vs those who love their country and value its democracy and sovereignty, which includes the majority of the Conservative party.

There's no way this ends well for the Conservative party.

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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