Opinion Kilcrohane's view of the Automotive Industry and Global Economy. Part Deux.

[KiwiRob]

Yet they are designed to completely break down in 10 years......

None of them broke down, with 3 kids the washing machine and dryer were hammered, in 16 years they would have done 2 cycles per day, every day, sometimes more, we replaced them to upgrade to more energy efficient models. We replaced the fridge with a new one with a water dispenser. I don’t buy into 10 year lives for white wear.

 

[J.E]

Excuse my ignorance, but what you're saying @BMW4ever is that Jaguar is a goner and the media is covering-up like they cover-up Joe Biden's dementia?

 

[BMW4ever]

Can we raise our gaze above white goods? Jeepers.

JLR, its collapse, is just a part of the collapse of the phony, 1979/80-2021 UK and US economies:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

- well, duh... . Stating the bleeding obvious.

A bright child could have seen this coming. UK and US economies were hijacked in 1979/80, and sold to fools as a new paradigm, where entrepreneurialism was unleashed. What actually happened was the "One percent" - the 0.01% and their lackeys(Useful Idiots) - stole the pie, sent income distribution back to Victorian times or worse, and told the conned idiot populace that it was necessary for the talented to be rewarded, and the benefits of their extra wealth would trickle down - what is known as p!ssing down your back and calling it rain.

It was psychotic greed. Stealing everything the post-War generation owned wasn't enough, though, for these scum. They printed money, for themselves, and told the conned idiot populace it was to stimulate the economy - QE etc.

That's what created the insane inflation we have now, at least 20 years, since the LTCM 1998 collapse/Dot Com bust of 2000, and the 'injection of funds,' post 9/11 - Bush's 'Go shopping! to the plebs- NOT Evil-Putin, and a rather small military action in nowheresville.

Each time the real economies collapsed under debt, They would print more money, to juice the all-important stock markets, which their Media - BBC and co. - would tell the plebs 24/7 the numbers on - FTSE, Dow, S&P, etc. As long as the average dolt was reassured that the 'markets had been saved', They could get away with another round of stealing, of what was left, by printing more money, and buying up all assets of true value - NOT outer London hovels, supposedly worth £1m.

They own everything, after 40 years of this. They needed to pull the plug, as there was no point, no need, to go on, and some people were beginning to point out what had really been going on. The only thing They needed, besides the easy as falling off a long collapsing of the totally fake markets, and all other supposed 'assets' - UK housing primarily - was a fall-guy. Enter Mr Putin, and his minor thing in what was Russia for decades up until 1922, and supposedly the whole global economy has collapsed - NOT 40 years of psychotic greed from City and Wall St bankers, and printing trillions and trillions of $s, £s, and latterly, €s.

Easy as pie. When you own the Media, and all who work in it are spineless scum, , only concerned about the fat pay cheque, and the kudos of being a 'journalist' - hired liar- you can tell and fool the UK and US plebs of anything.

As the article suggests, anyone who now cannot see that 'Covid' was part of this, is a candidate for a lobotomy - or has had one.

For god's sake, it was obvious in March 2020, never mind now. Covid and 'Evil-Putin' are cover for their 'controlled demolition', cough, 9/11, of the 40-year, phony UK and US economies - and countries, and al lot of Europe - Germany, France, Italy etc.

This isn't 'conspiracy theory', it's conspiracy fact - as in, there has always been a huge conspiracy, by They, the owners of 99%+ of the world's real assets, for at least 3 centuries, and you, the 'mark', who They need to convince that you should not do anything about it, just accept it as perfectly normal, and if you do start to complain, that your life is sh!t, that you own nothing, that your children will live hellish lives, and/or be culled, the fault is all: Evil-Putin, the Russians, the Chinese, Iranians, North Koreans, plebs eating meat/having children, cows - farting, 'extreme right-wingers', the ubiquitous Nazi term of course - unless you are backing the Azov etc battalions at the time - selfish, White Europeans and Americans, hogging all the resources, BUT NOT, a tiny number of true trillionaires, and their lackeys/frontmen, presented to the conned idiots by Their Media as 'the richest man in the world' etc. J D Rockefeller was richer in early 1900 dollars than the supposed richest man now, Musk/Bezos/Buffet, is, as an example, clue.

 

[BMW4ever]

Excuse my ignorance, but what you're saying @BMW4ever is that Jaguar is a goner and the media is covering-up like they cover-up Joe Biden's dementia?

In a word, yes. Jaguar ('New Gen') died in 2015/16, with the flop of XE/XF II, and the general blow of Dieselgate. Speth bet the farm on diesel, with XE and XF II expected to be flogged in volume with 99g/km CO2 - zero VED(road tax), and minimal BiK for company car user/choosers.

It all blew up. I-Pace could as easily have been Land Rover, Discovery, or Range Rover. It was simply to get JLR sold, in 2018/19 - a shop-window. It meant nothing for Jaguar, as such. I guess Speth made it a Jag, because he knew the likes of the Peugeot family would go through the books, and see that Jaguar was a basket case, and so to offset this, they made the EV car a Jag - clever really, I suppose.

Didn't work, JLR was offered to everyone, as Bollore himself confirmed - he said when he was at Renault, as No.2, he heard JLR was for sale.

'eXJ' was nothing more than an I-Pace - a 2016 F-Pace - with a long rear overhang, and slightly lower roofline, and ride height. F-Pace was basically a shortened version of the 2012 'PLA' platform/architecture. Trying to sell a £100k+ car against the likes of the Taycan, was more than even the UK/US media could handle, so the 'EV version of the 2012 PLA' was, unsurprisingly, abruptly binned.

That meant the end of Castle Brom, and not just Jaguar. Castle Brom has been effectively closed, dead, for 3 years now. Not one in a million people in UK would know that, though. This is the 'success' of Big-PR/Media, compared to the now innocent days of the chaotic, in full glare of the public and cameras, end of MG Rover and Longbridge 14 years earlier.

Longbridge actually died when the cretin Gordon Brown rejected a request for about £100m of state aid to BMW to make the Rover 75, and following cars in the early 2000s, Rover 35 etc, from memory I think.

Longbridge was arguably dead since when BL fell over in the late 1970s. It was also of course a Shadow Factory - Cofton Hackett - but was not important as Castle Brom to the nation's psyche, with many people over/forgotten about BL/Austin Rover, by the late 1990s, never mind 2005.

But, if the average Brit was told that 'The Spitfire Factory' was closed, over, no more, lined up for no doubt even more student accommodation, to be built on it, they would be rather upset, to put it mildly. Hence, I believe, this 'soft/stealth closure', drawn out, supposedly over 5 or so years - 2019-2024 - but actually already a fait accompli - the number of units produced of the XE, XF, and F-type, per week, is probably down to the dozens, and I'll bet they'll make to stockpile - pretend customers are getting built to order cars, that are then amazingly matched with existing cars - which the mark, sorry, customer, will not/never know.

It's a sneaky, pathetic, awful thing to do. But just what we've come to expect from 21st century Britain, where the top priority is 'optics' - PR - not the reality, but what you can get away with lying about - often the exact opposite of the truth.

 

[Matski]

@BMW4ever

Is this purely a spectators opinion or are you current/ex JLR employee?

I'm not going to comment on most of what you've written, but there is one underlying factor you haven't mentioned. Our car industry has been crap, and rotten on the inside for 6 or 7 decades. It's been trending towards oblivion since the 60's, national pride prevents a lot of people from admitting it, even if the media are or aren't failing to report on it. My father spent his working life at plants and dealers as varied as Dacia in Romania all the way to RR&BMC at Crewe via Longbridge, Cowley, Luton and even the Samara Oblast. The stories of integration of the Japanese and/or German work ethic, with the typical attitude of the British blue-collar are pretty awful. 1970's Truck manufacturing in eastern bloc countries is about the only thing that was consistently worse.

 

[Deleted member 57437]

Our car industry has been crap, and rotten on the inside for 6 or 7 decades. It's been trending towards oblivion since the 60's, national pride prevents a lot of people from admitting it, even if the media are or aren't failing to report on it.

If I recall correctly, it was in 1965 or 1966 when West Germany replaced Great Britain as Europes' "economic locomotive". I also vaguely remember a sarcastic quip of that particular era: "The British industrialist takes pride in the dependability of his century-old manufacturing structures. The West Germans, on the other hand, have all of the most modern stuff."...or at least something along those lines.

At least nowadays, London boasts one the globes' most significant, most innovative financial centers. Frankfurt/Main, in comparison, is an absolute joke. Far fewer U.K. financial industry companies, along with their top managers, left London in favour of Frankfurt than German government and German w...pardon me...bankers had optimistically anticipated. Wirecard and cum-ex dividend shuffle tax-evasion scams along with an aloof BAFin (Then under Olaf Scholz' watch as minister of finance-and Angela Merkels as federal chancellor) speak volumes. And YASA, the British company that developes axial-flux e-motors has been purchased by Mercedes-Benz AG. Was efficiently "home growing" this technology too difficult for the company that prides itself in stating: "Das Beste oder nichts" ?

 

[BMW4ever]

@BMW4ever

Is this purely a spectators opinion or are you current/ex JLR employee?

I'm not going to comment on most of what you've written, but there is one underlying factor you haven't mentioned. Our car industry has been crap, and rotten on the inside for 6 or 7 decades. It's been trending towards oblivion since the 60's, national pride prevents a lot of people from admitting it, even if the media are or aren't failing to report on it. My father spent his working life at plants and dealers as varied as Dacia in Romania all the way to RR&BMC at Crewe via Longbridge, Cowley, Luton and even the Samara Oblast. The stories of integration of the Japanese and/or German work ethic, with the typical attitude of the British blue-collar are pretty awful. 1970's Truck manufacturing in eastern bloc countries is about the only thing that was consistently worse.

Was once an LR employee - around the late Tony Gilroy's time. RIP, Mr Gilroy. He was the last proper, real boss of LR. A native of County Cork, Ireland, like my father.

Anyway, back to current matters. I told you - the news this morning, on our wonderful BBC, that Squeaky(Sunak) has told Spaffer(Johnson) to F off - he will not reduce/slash taxes, to save Spaffer's skin, by going to May's Magic Money Tree, without a corresponding, at least, reduction in identified spending, because... , the £ is f'ed.

The £ was poorly on Friday, losing around 2 cents, against a currency that gets printed into the trillions almost by the month. UK debt buyers have made clear to the BoE/HM Treasury that anymore funny stuff - Spaffer spending like a drunken PM at No.10 throwing a party during Lockdown, to save his rolls of fat skin , will see the bottom fall out of what was left of the £.

Squeaky knows that UK is way past 1976, go to IMF for a loan territory, rather into Argentina, serial bankruptcy territory. Our Current Account (deficit), is never talked about - since about 1990 - due to being horrendous, and unsalvageable.

The only thing keeping the £ somewhat afloat is real money from UK plebs, who amazingly still pony it up, even though they get sweet FA in return - state schools a joke, GPs not available, 'NHS dentists' likewise, NHS, only for those with private insurance, or able to get together thousands, tens of thousands, to make that on ~£200k/yr 'NHS consultant' do what the state pays him/her to do - in his/her private practice, where waiting lists mysteriously disappear - fees everywhere, and rising at double digit inflation, Police gone AWOL - drive offs/bilking, at your leisure, Plod nowhere to be seen, same with quad and trail bikes tearing through cities, towns, drug dealers racing cars likewise, all hours of the day, at up to 100 mph or more - never a Plod in sight, in pursuit, etc, etc, etc - sweet fa for all those taxes the average plebs pays, but loads of money to pay shopping trolleys of the best booze and cocaine for 'leaving and birthday' parties, and around £30 BILLION alone to Serco(Lord Soames, Churchill grandson) for the Plandemic, etc, etc, etc

Anyone with a brain knows UK is finished, They are amazed at the carrying capacity of its plebs while this collapse is taking place, has taken place - they are kept deflected dis-/uninformed, as mushrooms - kept in the dark and fed BS - by the world-leading BBC, Daily Mail, Sky etc.

But Squeaky knows that if the fat, man-child, POS Spaffer gets his mitts on May's Magic Money Tree, say an extra £20-30bn in total spending over the next 6-12 months, just ~1% of (notional) GDP, that is enough, plenty, to send the £ into a nosedive, which it will never recover from, as investors will pull out, boycott, and make UK, Argentina.

Spaffer doesn't give a sh!t. He's a child. A vile, vicious one, but still a child. He only cares about himself, and to be loved - spaff (phony, printed) money everywhere - not his - and damn the consequences.

The Collapse - Great Reset - 'you will own nothing and be happy(, pleb)' - is in-train, long planned, but a premature collapse of the £, exposing what a joke the UK 'economy' is, and has been, for 40 years, is NOT. Spaffer will be ousted, before he can save himself, by splurging money.

Perhaps, getting back to JLR, this is why Tata is seemingly having no luck screwing money out of the UK taxpayer for its 'gigafactory' - the blackmail to send it to Nitra, or Timbuktu, if HM Govt doesn't pony up.

It's been going on probably best part of 18 months now, in truth, behind closed doors, and seemingly no dice from HM Treasury. The situation is that bad. If Kwarteng or whoever announce UK is throwing money at Tata to keep JLR in UK, investors will put two and two together, and realise this crew don't give a damn, the funny-money being printed to infinity.

 

[BMW4ever]

In other news today, in the same vein, if you need an ambulance, cough, Jabs - heart attack, stroke, paralysis etc - and have paid in all you life as a good pleb, forget it. So what happened to all those, up to £1 trillion taxes paid each year?

And that's what investors in gilts, UK bonds, are probably thinking, increasingly, too. Do they exist?

The real figures are frightening, and not for release. Real UK population is god knows, but certainly more than the 63-70m bandied about as 'official' - my 2 cents - around 80 million.

At least half of that number are on some benefit, i.e., at least non-contributors, and at least half of them have never paid a single penny into the system.

Rich London is full of dual citizens/non-doms, like Squeaky's wife, who pay basically no tax.

The rich in UK pay tax accountants to minimise their official tax - at rates as low as 10%. On top of this, is a huge amount of evasion, offshoring, trusts etc, all effectively condoned - as the lawmakers are often the lawbreakers.

The genuine middle class - NOT public sector, recipients of transfer payments - the only actual payers of tax, income, nat. ins. etc, are tapped out.

How in the hell is UK summoning up, up to £1tn in tax income. It's a lie.

On top of this , we import huge amounts of physical goods, 'visibles', far, far more than we export - the UK's chronic, huge trade deficit - never mentioned or reported by HM Press - don't frighten the horses/plebs.

And now we have a clown, as 'PM', who promises everything, to everyone, to save himself.

UK needs to, has to, go Cold Turkey. Many will not survive, The under 40s/45s generally are genuine snowflakes, who will wilt at the first amount of pressure. Take away their props, alcohol, drugs, 'entertainment', and their world falls apart - a fake world.

It's hard to blame them when we have a PM a generation older than them who acts as a spoilt brat child.

 

[BMW4ever]

Bullish for SUV-laden JLR - not:

Drivers ditching petrol and diesel as second-hand car sales spike

DRIVERS are ditching their petrol and diesel vehicles as fuel prices smash records with average costs surpassing £100 for a full tank.

www.express.co.uk

'The data from Motorway showed that the highest volume of sales enquiries have come from commuter areas around major cities.

This suggests that those who are frequent car users are considering ditching their petrol and diesel-powered cars in favour of electric, or downsizing their vehicles.

The highest levels of valuation requests have come from drivers of SUVs and cars with larger engines'

- so that's prime JLR territory - dormitory towns with 'Executive' link-detached new-build - and real-world low 20s/low 30s mpg petrol/diesel medium to large SUVs - centre of JLR product offering.

Hence why Bollore knew as soon as he got there, almost 2 years ago, that Evoque/DSport/E-Pace, and F-Pace/Velar, would be knocked on the head - plug-in hybrids won't save them either, as EU rules now mean real-world ~100 km electric range required for tax/subsidy qualifying, which means large battery - up to 30 kWh - and so costly to make and buy, and heavy, so real-world non-electric mpg is pretty awful. Bollore saw the writing on the wall - ~£35-60k mass SUVs are a mug's game/preserve of huge volume makers, and so JLR would become Bentley-plus - 50 to 100k max units/yr, of £100-200k+ large/full-size, luxury/luxury-plus vehicles, aimed almost entirely at China/Asia and the Middle East.

 

[klier]

 

[vazirncars]

Welcome back to Victorian Britain.

I wouldn't be surprised if some people beg to return to the office so that they don't incur high energy bills keeping their home toasty.

I expect Netflix's as supported tier to be extremely popular when it launches.

Diesel owned who use their care for short journey are screwed. The price at the pumps is nuts.

Hopefully the car market will return to pre-cocid times e.g 10-20% discount on pre-reg nearly new cars.

Victorian Britain was solvent coz they stole $45 trillion from India alone, not to mention the loot from other colonies. Now they have to pay their own bills. The time has come for Britain to face up to the fact that they produce nothing of value and rarely ever have. One tour of the British Museum would remind Tories or any other pseudo-patriots how insignificant their contribution has been to humanity's enrichment. Interestingly, The Economist has, this very week covered much the same topic - Britain's productivity lag and slowing economy. If they didn't have the millions of Indian doctors and nurses, their NHS would be in an even greater labor shortfall than the 'socialist' healthcare already is. Good luck coz Britain cannot now export Indian opium for Chinese silver and repatriate to the Treasury.

 

[Centurion]

Bullish for SUV-laden JLR - not:

Drivers ditching petrol and diesel as second-hand car sales spike

DRIVERS are ditching their petrol and diesel vehicles as fuel prices smash records with average costs surpassing £100 for a full tank.

www.express.co.uk

'The data from Motorway showed that the highest volume of sales enquiries have come from commuter areas around major cities.

This suggests that those who are frequent car users are considering ditching their petrol and diesel-powered cars in favour of electric, or downsizing their vehicles.

The highest levels of valuation requests have come from drivers of SUVs and cars with larger engines'

- so that's prime JLR territory - dormitory towns with 'Executive' link-detached new-build - and real-world low 20s/low 30s mpg petrol/diesel medium to large SUVs - centre of JLR product offering.

Hence why Bollore knew as soon as he got there, almost 2 years ago, that Evoque/DSport/E-Pace, and F-Pace/Velar, would be knocked on the head - plug-in hybrids won't save them either, as EU rules now mean real-world ~100 km electric range required for tax/subsidy qualifying, which means large battery - up to 30 kWh - and so costly to make and buy, and heavy, so real-world non-electric mpg is pretty awful. Bollore saw the writing on the wall - ~£35-60k mass SUVs are a mug's game/preserve of huge volume makers, and so JLR would become Bentley-plus - 50 to 100k max units/yr, of £100-200k+ large/full-size, luxury/luxury-plus vehicles, aimed almost entirely at China/Asia and the Middle East.

First gen Land Rover plugins weren't great. Real world electric range was poor and speed was limited to 30mph

If I was pressad for money I would downsize a buy a used car. Electric cars are a trap as tariffs will likely climb as more people buy EVS and put greater load on the grid.

Victorian Britain was solvent coz they stole $45 trillion from India alone, not to mention the loot from other colonies. Now they have to pay their own bills. The time has come for Britain to face up to the fact that they produce nothing of value and rarely ever have. One tour of the British Museum would remind Tories or any other pseudo-patriots how insignificant their contribution has been to humanity's enrichment. Interestingly, The Economist has, this very week covered much the same topic - Britain's productivity lag and slowing economy. If they didn't have the millions of Indian doctors and nurses, their NHS would be in an even greater labor shortfall than the 'socialist' healthcare already is. Good luck coz Britain cannot now export Indian opium for Chinese silver and repatriate to the Treasury.

What do you reckon will be the next business or industrial boom for Britain?

 

[BMW4ever]

Victorian Britain was solvent coz they stole $45 trillion from India alone, not to mention the loot from other colonies. Now they have to pay their own bills. The time has come for Britain to face up to the fact that they produce nothing of value and rarely ever have. One tour of the British Museum would remind Tories or any other pseudo-patriots how insignificant their contribution has been to humanity's enrichment.

The Tories have saved us, again, with Johnson's Cones Hotline for the 2020s - Polytunnels - 'Plant for Victory, you scummy plebs!'

So, Right to Buy(4 decades ago), and John Major Mk II. You couldn't make it up. What happened to all those Tory Think Tanks, and all the Oxbridge PPE first-class grads staffing them bursting with brains? Oh, they were 'mummy and daddy's's, thick, but went to the right private school, and have trust funds, and actually the jobs are made up, the 'think tanks' just money-laundering for rich 'Russian' businessmen and the like - Tory donors - and to buy favours from the Tory govt.

We're F'ed. We don't need the ex-colonies to be crowing, dancing on our grave.. We soiled our own nest all by ourselves.

Johnson/Spaffer was a vile clown from the get-go - the GBH case with the Guppy Etonian bloke years ago, the Bullingdon Club smashing up restaurants, the burning £50 notes in front of homeless - when £50 was £50 - and that's just what we know about, of this odious scum.

But, the plebs voted for this POS in their droves, and still referred to this excrement as 'Boris', even when he was plainly just a paid actor, 'at death's door', and quelle surprise, having almost nightly p!ss ups, and coke ups, while telling the plebs to stay in their hovels, and follow the Law and the Science.

The people get the leadership they deserve - Johnson and the Tories. They ignored the warnings from the 1980s onwards, of what this crew were really up to - stealing everything, and printing money when their greed was still not sated - Harold MacMillan and 'selling the family silver' - over 40 years ago, etc.

There is no excuse. A child could see what they were up to. Well, it's over. If they print more money, the pound falls vertically, rather than just the steep decline now. If they tell the plebs 'we're F'ed, and there's no money', it all kicks off, complete breakdown of law and order - as opposed to just Plod being largely AWOL now - and the £ falls vertically.

FORTRY(-plus) f****** years, for the plebs to half wake up to reality. Jesus. Talk about thick.

Never mind mega greenhouses and polytunnels, Johnson should be telling the people to rip up that decking, those stupid patios, and manicured, chemically poisoned to the last lawns, and plant vegetables. The Russians survived in the 1990s by doing this - going to their around 600 square metres dachas and planting veg and fruit - to stay alive.

We're a very poor country. The first thing you need is food. Working outside, weeding, hoeing, watering, keeps you active, and so raises your body temperature, and you're not indoors. sedentary, getting cold, afraid to turn the heating on.

We need real leaders, who tell the truth, the hard realities. British people are under more threat now than the wartime, when people did Dig for Victory, with no real threat of invasion - Hitler was always looking east, Lebensraum for the German peoples.

 

[BMW4ever]

'shock', 'surprise', ... :

Pound tumbles as recession fears grow after UK economy shrinks

GDP falls faster than experts had forecast as government cuts back on Covid spending and manufacturers are hit by higher prices

www.independent.co.uk

UK GDP falls for second month running; stocks and pound slump amid recession fears – as it happened

Pound hits one-month low after UK GDP falls 0.3% in April and European stock markets drop to three-month lows

www.theguardian.com

Access Restricted

www.telegraph.co.uk

- but fear not, plebs, the top BBC economics bod, Faisal Fibber, has just said - after much more important news on Etonian Henry Dimbleby wanting us to eat insects, and a literal handful, of the hundreds of thousands of 'refugees', sent to Rwanda, that 'there is NO recession, and there will NOT be' - as ever, falling back on the technical definition - two consecutive quarters of negative growth - which is as trustworthy and rigged as JLR sales figures under Speth.

Someone came on after Faisal the Fibber, and said, in albeit mealymouth words, 'of course we're in a bloody recession'.

The BBC - you pay or go to jail - to be BS'ed 24/7.

Here's what's happening:

The Plebs have stopped spending - NOT hyperbole. The '0.3 %' contraction is BS, ludicrous. As we've seen, one of the best proxies of economic activity is motor fuel consumption - which for motorway travel, at the start of the peak driving season in the year - late Spring - is down by half or more.

New car sales have also almost come to a complete stop - real annualised now around 700k, compared to 2-2.5m, back in the late 90s, mid 2000s, AND this with a population at least one-third greater than it was 25 years ago.

The BBC will still tell you it's raining, while pissing down your back - it's its job. They'll be doing it when Putin's nukes fall, or/and people are killing each other for food - 'Keep Calm and Carry On(being bovine, pleb)'.

This isn't 2008/9, nor 1976(IMF), nor even 1930s Great Depression/Slump. This is unprecedented. Economic activity has collapsed. The UK 'economy' was 90% consumption, not primary - agriculture, fishing, mining - or secondary - manufacturing, from heavy, steel etc, to light, plastics, clothing, etc.

The froth, faux, fake, 'UK Economy' fell over as quickly as it sprang up - people selling houses to each other, doing each other's food, entertainment, laundry, cleaning, etc - all of it tertiary, and built on nothing, other than exponential house prices, driving the wealth effect.

Those 'million pound houses', dotted all over the South East particularly, are now prisons, debtors prisons.

This is how it ends:

'They cannot raise interest rates, which they have to, by rights, with inflation in staples running at around, real, 20%, as They know, whatever Faisal the Fibber and co. are told to tell the plebs, that real GDP has collapsed, and we are in a huge, unprecedented depression - GDP down at least 20%, on just 6 months ago.

If They raise rates by just 1% - 100 base points - the plebs will panic over unpayable mortgages, and spend even less on food, fuel and heating, in order not to lose the house.

If They don't raise rates, with the Fed expected to do that by 50 points at least this Thursday, and perhaps ECB similar, then there'll be a flight from the pound - a Sterling Crisis to make Healey and 1976, and his trip to beg the IMF, or Wilson's devaluation in the 1960s, or Lamont's singing in the bath with the 90s ERM crisis, all look like child's play.

The £ is the thing to watch, whatever high-paid clowns like Faisal the Fibber are told to read off their scripts.

No rates rise, and a possible caving to Tory backbench pressure to 'Do something!', and boost spending, by emergency tax cut - VAT, fuel duty, perhaps income tax even - and we are in Argentina peso and sovereign debt default territory firmly - buyers of gilts will not accept real inflation of 20%, and the money paid to pay their interest from money printing. Third world sh!tholes don't get away with that - investors want hard currencies, or better still, gold, or some national asset - so why should de facto UK get away with it.

Here it comes. And we've just the right man for the job - the 20 stone, 5 year old in a 60 year old's knackered body, alcoholic and dope head, 'Boris'.

When's the first flight out of here?

 

[BMW4ever]

'The £ is the thing to watch' ... :

'Pound slumps after shock GDP fall'

Access Restricted

www.telegraph.co.uk

- you don't say. If my name was Faisal Islam, and the 'top' economics bod of a massive organisation, I would no doubt be 'shocked', as there is no recession, and the organisation I 'work' for says 24/7, on all channels, that UK is the best place on earth, and we are so lucky to live here - Royals, JLR, Mother of Parliaments, world-beating 'Culture', Premier League, etc, etc

Investors know that the 'independent' BoE CANNOT raise interest rates, when there's an unprecedented economic depression in the UK. They also know that the 'elite' needs to save their skin, as Covid largely failed - eventually - and the War thing, the attempt to start WWII, to cover up, cover he tracks of the Covid Genocide crime, and blame the 40 years in the making economic collapse, quadrillions of money printing, on Putin/Russia, is not exactly going very well, so they need to throw a bone to the now on the verge of revolting plebs, which means tax cuts, and spending pledges left, right and centre to Tory constituencies with majorities at risk of being overturned - i.e., anything less than 25,000 votes.

So investors know the £ is toilet paper - well actually less valuable.

John Major retreated to the bogs(toilets) during the collapse of the £ in the ERM crisis, and I think said he had a dental appt. to get his wisdom teeth taken out. I wonder what Spaffer will do? Go in the fridge, as usual, or leg it. Make a bolt for one of his oligarch mates'/donors' castles, in Tuscany or wherever. Run, Spaffer, run!

 

[klier]

And we've just the right man for the job - the 20 stone, 5 year old in a 60 year old's knackered body, alcoholic and dope head, 'Boris'.

You forget the criminal and liar parts.

 

[J.E]

When's the first flight out of here?

First flight to where?

 

[klier]

First flight to where?

The EU of course. The only sane place left.

 

[KiwiRob]

This isn't 'conspiracy theory', it's conspiracy fact - as in, there has always been a huge conspiracy, by They, the owners of 99%+ of the world's real assets, for at least 3 centuries, and you, the 'mark', who They need to convince that you should not do anything about it, just accept it as perfectly normal, and if you do start to complain, that your life is sh!t, that you own nothing, that your children will live hellish lives, and/or be culled, the fault is all: Evil-Putin, the Russians, the Chinese, Iranians, North Koreans, plebs eating meat/having children, cows - farting, 'extreme right-wingers', the ubiquitous Nazi term of course - unless you are backing the Azov etc battalions at the time - selfish, White Europeans and Americans, hogging all the resources, BUT NOT, a tiny number of true trillionaires, and their lackeys/frontmen, presented to the conned idiots by Their Media as 'the richest man in the world' etc. J D Rockefeller was richer in early 1900 dollars than the supposed richest man now, Musk/Bezos/Buffet, is, as an example, clue.

Of all your ramblings this I actually agree with. The extreme right and the far left are pulling the western world apart, there aren't enough people left in the middle as a buffer between these two groups.

 

[KiwiRob]

The EU of course. The only sane place left.

So long as the EU is able to stand up to the US and stop allowing Washington to call all the shots. The EU also has to firm up it's southern borders, the flood of economic migrates from African is not sustainable. Africans need to sort there own countries out, when the best and brightest keep on leaving that's never going to happen.