GUILTY PARTIES PREPARE TO SCARPER
As governments scramble to salvage a scrap of credibility from their unseemly panic over a common virus there will undoubtedly be casualties. Entire industries have been mothballed, national airlines are grounded, and entire nations are placed under house arrest.
Millions are losing their jobs and careers, their homes and their future. Generations to come will pay through their ringed-noses for their bankrupt inheritance. Many trained through higher education will find themselves stacking shelves in supermarkets if they are lucky enough to get a job.
On past performance, economic, migration, law and order, think over conflicts and regime-changing political debacles such as those of Libya, Afghanistan, Syria and Ukraine and much else. The Teflon-coated political elite as always will come up smelling of roses and picking up their hefty salaries.
A combination of ludicrous coronavirus restrictions, as well as government measures to support individuals and businesses, have taken a death toll on UK public finances. The number crunchers are today posting the largest year-on-year and monthly increase in borrowing.
The UK government’s borrowing last month was greater than in any other month on memory. Income from tax receipts dropped and tax-dependent public spending grew during their COVID-19 farce.
The country’s budget the deficit grew by $75.8 billion in April 2020, according to the Office for National Statistics. This is 17.7 per cent more than in April 2019 and this is also the biggest monthly increase since records began in 1993.
The national debt at the end of last month stood at roughly $2.3 trillion, or 97.7 per cent of the GDP. It has jumped by 17.4 per cent since April 2019, marking the largest year-on-year increase in debt as a percentage of GDP on record.
In France, the Macron regime has lost its parliamentary majority. Spain, struggling under a globalist Socialist Worker regime, is on the brink of collapse. Portugal, Sweden and a few other nations refused to panic. Amusingly, emerging relatively unscathed, their political leadership is getting used to unfamiliar popularity.
Germany is often cited as having chosen the middle ground. Sadly, the EU’s strongest economy is such a shell crater it would fail to be re-admitted to the EU if it opted out.
Can the political elite salvage their credibility? This raises the question, did they have any in the first place. The answer is no. But, loss of trust and public confidence has never before bothered the lizard-skinned untouchables so why should it do so now?
Does history repeat itself? Remember ‘Britain at Bay’ in 1940. Let’s see how the ruling elite handled the mess they had got Britain into when the Churchill war-clique declared war on Germany.
Upon the fall of France, the Duke of Windsor was appointed Governor of the Bahamas. The gold reserves of the Bank of England were shipped off to Ottawa. The Minister of Information, Alfred Duff Cooper sent his son Julius to Canada but failed to inform everyone.
Parents who could afford to do so shipped their families out to America or the Commonwealth. Royal Navy ships were placed on standby to evacuate members of the Royal Family and key members of the government to the United States.
‘In June, July and August of 1940, over 6,000 children took part in the exodus of the rich.’ – The Fears that Flawed the Finest Hour, P. Addison, Sunday Times Magazine, May 21 1972.
‘The working class began to feel, with some justification, that the rich had plans to get out whilst the going was good.’ – The First Casualty, Phillip Knightley, Andre Deutsch. London 1975. (SOURCE: Witness to History, Mike Walsh, Amazon)
Yes, history does repeat itself so get ready for a very rough ride into the unknown. Like this story? Share with friends!
MICHAEL WALSH is a worldwide journalist, broadcaster and author of 64 book titles with 36 years experience. Like other journalists of integrity, he no longer writes for corporate media, opting instead for true journalism.
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