Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

well, thats because liberals dont know what they are doing when it comes to economic policies.

and before you rapid fire respond, you may want to research your assumptions a bit.

Yeah... typical of the left... to redefine what someone did... and then do what they've mis-defined in a completely different economic environment... and then when it doesn't work, blame it on the person who did something different under a different situation.

It's like saying because coach A went for it on 4th and a foot on the 50 with 18 seconds left and won.... and then coach B quick kicks on 3rd and a foot with 6 minutes to go in the red zone and they lose... It's coach A's fault because coach B did 'the same thing.'

(09-29-2022 10:42 AM)Kruciff Wrote:  Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

It has nothing to do with politics. If left to the extreme leftists in the UK the country would've collapsed in the UK a long time ago.

Unfortunately their markets are stagnant and there are no more colonies to supplement them. Labor participation is also a joke in the UK much like the US.

(09-29-2022 10:42 AM)Kruciff Wrote:  Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

Reaganomics isnt why the pound is collapsing. Everyone's currency is collapsing in relationship to the dollar. For instance, the same thing is happening in China, Japan, and the EU. Its the US Fed aggressive tightening that is adversely affecting all these currencies.

It's easy to tell when someone knows nothing about Reagonomics.

(09-29-2022 12:28 PM)Attackcoog Wrote:  

(09-29-2022 10:42 AM)Kruciff Wrote:  Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

Reaganomics isnt why the pound is collapsing. Everyone's currency is collapsing in relationship to the dollar. For instance, the same thing is happening in China and Japan. Its the US Fed aggressive tightening that is adversely affecting all these currencies.

I hear you, you're right that is certainly a cause. I think a better point that could not be made in the title is, why do these cuts now knowing exactly what is going on in this market with respect to the USD? And further, how does what the Tories did differ from what Trump did while Republicans were in power, that saw the deficit explode and eventually tumble into the territory it is now?

The pound is collapsing because the Bank of England decided to buy bonds, further saturating an over stimulated market with additional cash. All in an effort to undermine the plans of the incoming PM.

Its going to be interesting watching the scorched earth policy of the Bank of England.

I expect we will see the same thing happen here in the US after the Midterms and before the new congress is sworn in January. If it goes as expected it’s going to get real ugly real quick.

Don’t make the mistake of thinking British conservatives are anything close to American conservatives. British conservatives are further left of the Democratic Party here in the US.

In England voters basically have a choice between liberal and ultra liberal agendas.

(09-29-2022 12:18 PM)Hambone10 Wrote:  Yeah... typical of the left... to redefine what someone did... and then do what they've mis-defined in a completely different economic environment... and then when it doesn't work, blame it on the person who did something different under a different situation.

It's like saying because coach A went for it on 4th and a foot on the 50 with 18 seconds left and won.... and then coach B quick kicks on 3rd and a foot with 6 minutes to go in the red zone and they lose... It's coach A's fault because coach B did 'the same thing.'

...that's on Coach B...(slaps butt)...

is it time to simply refine muh sig to, “y’all ain’ seen shite, yet?!”

I’m easily gaining on it…

(09-29-2022 12:28 PM)Attackcoog Wrote:  

(09-29-2022 10:42 AM)Kruciff Wrote:  Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

Reaganomics isnt why the pound is collapsing. Everyone's currency is collapsing in relationship to the dollar. For instance, the same thing is happening in China, Japan, and the EU. Its the US Fed aggressive tightening that is adversely affecting all these currencies.

which is why maintaining a strong USD WAS CRITICAL … I’m just a dumbarse 420 hick from Hicksville … fk’n morons … I fk’n hate ‘em!!!

only bee pining for too many years vs. “fragility” … fk’n cunTTTs

(09-29-2022 10:47 AM)UofMstateU Wrote:  well, thats because liberals dont know what they are doing when it comes to economic policies.

and before you rapid fire respond, you may want to research your assumptions a bit.

I’ve asked every donk in earnest … “please explain the dem economics”

and it’s been quite colorful from my end … all I ever rec’d in return was ‘crickets’…

(09-29-2022 12:24 PM)BlueDragon Wrote:  

(09-29-2022 10:42 AM)Kruciff Wrote:  Link

Quote:If anyone thought Britain was due a period of calm after Boris Johnson’s tumultuous premiership, no one told his successor.

The country was already facing an ugly menu of challenges. But the proposed solution by new Prime Minister Liz Truss has quickly sent the economy spiraling into chaos, threatening consequences both immediate and long-lasting for many Britons.

Her Conservative government's 45 billion pound ($48 billion) plan to slash taxes — particularly for the country’s highest earners — has sent shock waves through financial markets, causing the pound to plummet and leaving Truss' own political future in sudden doubt just three weeks after taking office.

After days of turmoil, the U.K. drew a rare stinging rebuke from the International Monetary Fund, which urged the government to "re-evaluate" a plan that may fuel already-soaring inflation and increase economic inequality.

The Bank of England, the U.K.'s central bank, made its own emergency intervention Wednesday, announcing it would buy up as much government debt as needed in an effort to restore stability.

Keir Starmer, the emboldened leader of the opposition Labour Party, joined others in urging the government to address the crisis by recalling Parliament, which is on recess.

It has nothing to do with politics. If left to the extreme leftists in the UK the country would've collapsed in the UK a long time ago.

Unfortunately their markets are stagnant and there are no more colonies to supplement them. Labor participation is also a joke in the UK much like the US.

it’s called ‘spoilt in muh fully developed B-cup’

(09-29-2022 12:37 PM)VA49er Wrote:  It's easy to tell when someone knows nothing about Reagonomics.

yeah, not worth explaining.

One of the strongest performing currencies this year is the Ruble. The one the broke countries are desperate to crush lol. Backfire city man.

The chart says it all.

https://www.xe.com/currencycharts/?from=RUB&to=GBP

(09-29-2022 04:32 PM)Todor Wrote:  One of the strongest performing currencies this year is the Ruble. The one the broke countries are desperate to crush lol. Backfire city man.

The chart says it all.

https://www.xe.com/currencycharts/?from=RUB&to=GBP

Dude there is no way you are a real person

(09-29-2022 04:32 PM)Todor Wrote:  One of the strongest performing currencies this year is the Ruble. The one the broke countries are desperate to crush lol. Backfire city man.

The chart says it all.

https://www.xe.com/currencycharts/?from=RUB&to=GBP

Ah youve done it now. Facts piss the slavi people off

The rules don’t apply to us. The rules apply to everybody else. This is the reality of the world economic system.

(09-29-2022 05:26 PM)Kruciff Wrote:  

(09-29-2022 04:32 PM)Todor Wrote:  One of the strongest performing currencies this year is the Ruble. The one the broke countries are desperate to crush lol. Backfire city man.

The chart says it all.

https://www.xe.com/currencycharts/?from=RUB&to=GBP

Dude there is no way you are a real person

lmao ... it's a shame ewe are...

(09-29-2022 05:48 PM)shere khan Wrote:  

(09-29-2022 04:32 PM)Todor Wrote:  One of the strongest performing currencies this year is the Ruble. The one the broke countries are desperate to crush lol. Backfire city man.

The chart says it all.

https://www.xe.com/currencycharts/?from=RUB&to=GBP

Ah youve done it now. Facts piss the slavi people off

it's like those that wonder when ya flush, why it doesn't go in the other direction...

sometimes, mon Shere, we might have a bit too much fonzies on this board ...

@releaseMechanism