Things are not going well in the SwineLand. While the cost of living rises is running rampant our two swines are trying to out bid each other as to who can do more damage to the country.
Interesting that there are people who think they understand economics and use a sledge hammer to crack an nut. Interest rates are not the only tool to reduce inflation and when people do not have enough to money to eat increasing interest rates is simply going to push more people to hunger.
There are two things that push up inflation. Excessive pay rises putting too much money into the economy is one of them. Unfortunately, there is a second reason why inflation rises. Excessive profits by corporations exploiting the workings of the market is another. They can also cap profits. Yet the Swine Pary is refusing to tax those who are making billions of excessive profits. The market system is broken. In reality it has never been fit for purpose because the corporations can manipulate it. If the supply is too much instead of reducing the price, they reduce supply. so they can push up prices.
What ever the situation the poor get fucked and the rich make more money. In the UK we have 10 million people who are unable to heat their homes and eat food at the same time. We are lucky we are in the summer but come winter with the price rises coming in October and January and in April, we may end up with energy prices reaching over 6000 pounds. Fuck the market system.
It is time to nationalise the fuckers without any compensation. They have taken enough out of the privatisation. I have a feeling UK will light up like in the 80s and the poll tax riots. All it takes is one incident and it will explode.