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Piccalilli Pit
Channel 4 News
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Comments by "Piccalilli Pit" (@piccalillipit9211) on "Economy Latest: Interest rates up as Bank of England warns of long recession" video.
@TheCrypticRouge - So why is it nothing like as bad in my country 100 miles from Ukrain with Russian oil and gas embargoes...???
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It is nothing like as bad in my country 100 miles from Ukrain with Russian oil and gas embargoes... This is a Tory crisis.
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WELL - lets be fair its the fault of 43% of the voting public who voted tory and the fault of 35% of the voting public who didn't vote at all... Its not like the Tories have ever had a warm and fluffy image - "tory" literally means robber or highway man. 200 years of robbing from the working people and 78% of the British public DIDNT think it was worth voting for the opposition... Well you got what you voted for or what you could not be bothered to vote against...
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BINGO...!!! You correctly identified the global problem. The computerisation of the global banking system has led to financial instruments so complex and accurate that rich people make money in times of boom, in times of total collapse and in normal times. This collects ever-increasing wealth in the top 10% of society who and invest in these financial instruments - draining the financial systems of cash, draining the bottom 50% of society of cash. This is an exponential problem as more wealth allows for the collection of yet more wealth - it is a runaway engine that cant be stopped as the people with the wealth have more power than the governments.
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@DJWeiWei - yeah they want a crash. If you have £1 billion and you are buying house to secure your family's wealth for the next 50 generations would you rather houses be £100k or £300k??? What do YOU care about the economy - you dont make your money IN the economy and it does not matter, your hedge-funded investments are shorting stocks so you STILL MAKE MONEY You are making the mistake of thinking that the people with money WANT a booming economy - they dont.
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@MSD Group Theya re also the ONLY country in the world to put the bankers in PRISON for what they did - the UK gave them bonuses...
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@definiteanswer2688 - so why not let the most rotten branch fall off and kill you??/ GREAT THINKING THERE
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@user.0704 So why is it nothing like as bad in my country 100 miles from Ukrain with Russian oil and gas embargoes...??? The f-king tories caused this - as they do every time they are in power. The difference is, you won't recover from this one. this is the final collapse. Its the end.
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