Politics.........

Sarky B’stard

Legendary Knight
It's called the banking multiplier more usually and has worked very successfully for donkeys years. The real problem, to my mind (& which hasn't been resolved since the crash on Brown/Darling's watch) is the lack of banking reform to put a Chinese wall between retail banking and casino banking.

Quite simply 'ordinary banking deposits' (our money!) have been used to finance the fruit machines of banker's investment arms - which can go down as well as up..... That's where ordinary depositors' lost money has to be made good by the taxpayer - ultimately the same people who had their money gambled away in the first place 🤬

This is how it should work


the problems are ALL with so-called investment banking doing a Lehmans/Northern Rock/Baring Bros and getting burned in the casino and taking down the parent business.

NO UK Chancellor has tackled it and the banking regs put in place after the Great Recession were repealed by one Slick Willy Clinton and everyone else globally followed suit to 'stay competitive.' Essentially our pension funds have been teetering in the edge because they too have gambled, lost and struggle to meet impending liabilities..... but no one wants to say too much, too loudly.....
 
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Tallpaul

Legendary Knight
Commentators bleating on about the migrant crisis, politicians wringing their hands, not wanting to insult or upset "the people". This government couldn't even keep a con man out of the Prime Minister's job. He is importing and stockpiling an army of drug dealers, pimps and gang land thugs for our children and grandchildren to suffer under. He is aiding and abetting the movement of these undesirables, which will cost the Conservative party heavily.
 

MartytheMartian

Legendary Knight
Was just watching a video that came up on my Facebook from someone who calls herself 'The Truth Speaker' and she was saying that someone sent her info about 'Just Stop Oil' and how the 'activists' are trained by an organisation which is backed by the WEF and Mark Carney, the former bank of England Mark Carney no less, anti-Brexiteer and mouthy Climate alarmist while also, of course having involvement with a number of companies who will profit massively from Anti-Fossil Fuel action. As ever it's all about money and nothing to do with principles.

Interestingly I was reading an article yesterday, not seemingly picked up by the mainstream media, about a new, very low cost filtration system undergoing trials that is seemingly looking able to pull CO2 out of power plant and vehicle emissions. If such a thing is indeed possible I suspect it would blow EV's out of the water or at least off the roads.
 
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