Brum is bust, but the problem is not that the council is 'socialist'; the problem is that the national government is not 'conservative.' When did the soi-disant Conservative Party last show a deep interest in the security and welfare of the nation as a whole? For example, it's estimated that the UK's spending on defence for Ukraine totals £4.6 bill...
I have been following a select group of (mostly American) financial commentators since 2007, before the Global Financial Crisis. Their tone is even more sombre now. Charles Hugh Smith posted 'I Have a Very Bad Feeling About This' a few days ago, following it with 'No, Central Banks Won't Save Us This Time.' He has been warning for years that we sho...
The general public has little idea of how much debt hangs over our heads. Today, Laura Perrins warns us that government borrowing is now equivalent to 99.2% of GDP (i.e. a whole year's worth of national economic activity); but that is only the tip of the iceberg, because it is only looking at public sector borrowing. Unlike the UK, where valuable f...