#LateStageSocialism Have We Reached The Austerity Era? The Bank of England is facing major losses on its bond purchases, As The Refusal To Shrink Government Remains – August 30, 2022
It can be argued that right now, in the English-speaking western developed world that, the U.K. is in the worst shape economically, primarily because their Conservative Federal government appears to be terrified to shrink the size of the government, even though its economy is headed for collapse.
Now, some will argue it’s because of Brexit, which, ofcourse, is what the Leftist-Globalist crowd wants more than anything. Still, the actual problem appears to stem from government services in the U.K. being overly financed while underdelivering.
I write a lot about how labor union movements destroy a nation, because labor unions, especially PUBLIC SECTOR labor unions don’t allow prices to DEFLATE. Once, you comprehend that WAGE/PRICE controls guarantee an expansion of the money supply, you start to comprehend why austerity is inevitable at some point in the future, to avoid economic collapse.
In the private sector you can automate jobs, fire people, restructure, relocate to another country or go bankrupt; with government everything is STATIC. Meaning that if wage/price controls become part of the CULTURE to where it’s an expectation from VOTERS, well, now you’re put in a position in which someone has to be brave enough to not only tell it like it is, but also that politician has to be able to SELL IT their austerity vision in a pleasant manner.
I’ve heard some in the U.K. say down with the Monarchy, well, replacing a monarchy with a republic or even a Democracy comes with many challenges, as voters will often vote for their own destruction. One of the reasons the Labour Party/Left Wing struggles in the U.K. is because of how educated most of the population in the U.K. are.
Yes, there are idiots everywhere, but ENOUGH people in the U.K. know that the problem is indeed the welfare state; however how to solve that problem is something entirely different. In politics, I’ve talked about Milquetoast Conservatives, where the name of the game is TO WIN.
If winning requires capitulating to some Left Wing causes, a lot of Conservative politicians will stick with that strategy, but what happens when the Left Wing-Globalist come up with a MASTER plan that involves making ENERGY more EXPENSIVE? by claiming that if capitalism isn’t reformed the earth will be destroyed in “insert number of years here.”
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That’s a tough challenge, as many humans like conspiracy theories, especially the conspiracy theories that coincide with their personal beliefs. Like it or not, there are people who want an excuse to be unproductive or an excuse to go to war.
When people imagine “THE PEOPLE” they forget that the everyone is unique and typically the mediocre minds, make the best sales people in large group settings. Tyrannical leftists are very good at generalizing their vision and making themselves appear like they’re the saviors of humanity.
Now, if you’re young, impressionable or simply a moron, the attention a politician has, can make them appear like they can work magic in the economy. The economy is mostly numbers and the only reason the numbers work in the western world is that for whatever reason the rest of the world can’t get enough of our fiat currency.
I think this is due in large part, because the alternative “rule by fiat money” is a commodity standard or even a Cryptocurrencies standard that would have a FIXED money supply, which would force the entire planet to live within it’s means.
So once you comprehend that, you start to see why Switzerland, the United States and Great Britain have such respected currencies. If it’s a rule by fiat system, well, it’s best to stick with the countries that at the very least have imagined what Liberty could look like.
Currently interest rates in the U.K. sit at about 5.25% which is quite low considering the rampant inflation in that country and already even with the manipulation in their bond market, their economy is still DEFLATING.
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Now, in Canada, the U.S. and Australia, it’s pretty obvious why inflation is running rampant, all three of those countries have Far Left Lunatics for leaders. But the U.K. might soon see a resurgence of the Labour Party if they’re not careful, while other nations, might see the opposite.
Australia recently voted for the Labour Party in 2022, primarily because their “Conservative” Prime Minister turned into a tyrant during the Covid-19 outbreak. Canadians appear tired of Just Trudeau and because of how the U.S. is structured, there’s only so much Joe Biden can do and the longer the Democrats remain in charge, it appears the more energetic the Republican’s base seems to get, which equates to most importantly EDUCATING voters.
One of the reasons Left Wingers like to attack free speech, is because educated voters work against their tyrannical agenda, I’m not a Trump supporter, but a lot of his supporters are becoming educated on the economy, at younger and younger ages, meaning that the longer the Democrats, the more minds are going to change about their direction for America.
In the U.K. the fear of austerity equates to stagnation and selling austerity is a tough sell, meaning that it would not surprise me if more people in the U.K. become disinterest in politics, which could fuel the Labour party to victory.
In Canada, the main reason Justin Trudeau won the last election was because of low voter turnout, Libertarian candidate in Canada, who wasn’t afraid to talk about austerity and lowering immigration levels, received 800,000+ votes and the very unpopular Conservative candidate managed to win the popular vote in that 2021 election.
What shows me is that Canada is ready for a Conservative leadership. In the United States, Donald Trump managed to get 74,223,369 million votes, and by the looks of things, at the very least he’ll be able to repeat that feat as those voters who voted for Trump didn’t use mail in ballots, most of them showed up in person in fears their votes wouldn’t be counted.
So, at the very least Canada and the United States have something to look forward to in the future, whereas in the U.K. you have to wonder what’s going to be the mood of the people when the economy really starts to take a turn for the worst.
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Interesting times ahead!
