All to do with the fuel tax u turn yesterday Osborne went into hiding and trotted out one of his minions to take the flak..



I saw it live, and was surprised he didn't round it off by anally violating her.

The most telling moment is at 3min 55 sec with Mervyn King in front of a Parliamentary Committee yesterday..

Some of us ( I don't by any means take all the credit) here were predicting this was a debt crisis like no other as far back as when Lehmans fell over and that it would last years.... It now transpires King thought it would be over by now and normality has returned. King now thinks we are not even half way through it.

The BOE is about to unleash another huge round of QE which will have a huge inflationary impact in a year or two..... By taking this route they are actually part of the problem not the solution..
The same thing was tried in the 1970's and the huge debts were inflated away but this time there is a huge difference, wage inflation is not keeping pace and they cannot whatever it is they do kick start growth... Growth is probably a larger net requirement in this regard than wage inflation. They seek the same solution but the Country is simply not of a suitable calibre (as it was back then) to pull it off. In short we have no manufacturing base and nothing to sell abroad.

Mr King is of course wrong (again) and will be proved to be so in the fullness of time. The normality he refers to is unreachable now, the Country will never be able to return to the prosperity it enjoyed in the mid noughties.....

Tax receipts are falling, welfare benefits are increasing as is the deficit..... The UK is falling into a debt spiral just as Greece, Ireland, Spain and Portugal have done. This explains the ever desperate actions and U Turns they are taking.

Chloe Smith, in common with the rest of this government, clearly doesn't have a clue whats going on, and where its going next. The can has been kicked so far down the road they have lost sight of it.

somebody has to carry the can back, all part of the system, the next thing is getting blood out of a stone for this you need to squeeze much harder.

_________________
Its not always the biggest and the bestest, its them that make the least mistakes.

Geezer, I am of a similar opinion; there is no way now of returning to the old 'normality'.

I believe the UK has crossed the line of no return.

The LARGE STATE; QE – which is reckless currency devaluation; the lack of a broad-based manufacturing sector; wide-scale political incompetence; the insane green agenda; an inadequate education system; the dependency culture; multi-culturalism; EU membership; an unaffordable public sector; and many others, can all interpreted as 'reasons' why the UK cannot return to 'normality'. I am more inclined to see these 'reasons' as 'effects' – not 'causes'. I believe that abject foolishness is the fundamental 'cause' of the irreversible 'effects'.

The foolishness began in high places several decades ago, and has drained down through the whole structure of British society so that foolishness in its fullest sense has become the current culture.

Psalm 14, verse 1, defines the root of foolishness. From that mindset defined in verse 1 of Psalm 14 springs the 'effects' that will now prevail and prevent the UK ever returning to the old 'normality'. Verses 2 through to 4 of Psalm 14 describes our condition.

mm Guess I better buy, buy, buy, now so I will have something to barter when the dust settles

_________________
Its not always the biggest and the bestest, its them that make the least mistakes.

This latest story concerning Barclays, indicates that the whole banking system is rotten to the core. And a return to “normality” can only be a pipe-dream:
http://www.telegraph.co.uk/finance/news ... clays.html
UP TO 40 GLOBAL BANKS FACE BEING NAMED AND SHAMED???? That must represent the bulk of the global banking sytem

It is a bit rich of MPs taking the moral high-ground and calling for a criminal inquiry to be held when MPs have positively shown themselves to be every bit as devious, dishonest, and even as crooked as bankers.

The arrogant foolishness in high places has thoroughly displaced all remnants of decency and morality. Couple the indecency in high places with the unresolvable global economic crisis, take into account the gathering war clouds in the Middle East, and the prospect of a return to “normality” are looking like being between 'no-way' and zero.

Mervyn King says we are not even half way through the crisis yet. The truth is, few, including Mervyn King and the political elite, even begin to recognise WHAT the true crisis IS.

I see the press are rounding on Bob Diamond this morning... I can't see him surviving this!!

It used to be called collective responsibility....as head I resign as I am paid to take responsibility.....now its hang on by finger tips to get the bonus...All heads of banks involved should be disqualified and made to pay back any bonuses + interest generated by the manipulation. If they were found to have known about the manipulation then they should be prosecuted.

What of the traders who did this? Why are they not eating porridge?

If a retail store catches/suspects somebody of shoplifting, then the police arrive as renta-mob in double quick time with blue lights flashing and sirens blaring. The likes of Bob Diamond are guilty of far more serious crimes than petty pilfering, so why isn't he already in a police cell? Most MPs were simply allowed to hand back some of their ill-gotten gains as a “mistake”, whereas the likes of we ordinary folk would have been rounded up by the police, and immediately fired by our employers.

Try displaying a representation of the Olympic rings in public, and the police will be round threatening action for breach of copyright. Carry out a massive banking fraud - and collect your bonus on the way out.

Here is another example of lop-sided justice:
http://www.telegraph.co.uk/news/worldne ... olice.htmlWhy aren't the police dragging Bob Diamond and his cohorts off to custody?

Bob Diamond has not threatened to spill the beans on Government information they would much rather remained below the radar......

Assange has been well and truly stitched up......... Whilst he may have committed a bail offence now by hiding out in that embassy the case which is resulting in his extradition to Sweden has some serious flaws in it.

Cameron has sensed it will do his credibility no harm if he shows his sense of outrage... From the BBC..



Of course Diamond is of the inner circle which includes Cameron himself. I will eat my hat if he is ever charged with anything....