Osvaldorama

My overall point was that understanding how the economy is doing is a matter of perspective. (Aka how you are measuring it.) Measured in gold (and other hard assets), the average British person is being fucked over, and the country is declining as a result. From that perspective economy has been terribly managed for a long time. I disagree with Gloucester’s assessment that it’s doing well. But also, GDP per capita has been stagnant for more than a decade. People can try and argue that “it’s global issue” all they like, and there is some merit in that. But the main reason for that is because all of the G7 have adopted the same stupid policies. (Eg driving energy costs up with ridiculous net zero policies and massive welfare spending.) The UK has spent £1.1 trillion more on welfare benefits than critical infrastructure since 2006. You can’t tax your way to growth. It must be nurtured and incentivised.

UK GDP in 1975. £115 billion. UK GDP now. £3.04 trillion. That is up 2,555 percent. In pounds. In gold. Down 55 percent. From 28 ounces a head in 1975. Peak 101 ounces in 1999. Now 13 ounces. They printed/borrowed the money. They issued the credit. The number went up. The output did not. You work harder for less. Your wages buy less. Your house costs more. Your children will work harder for less than you. That is not growth. That is theft. The chart shows it. And no, gold isn’t an arbitrary commodity. It is seen as the safest store of value by central banks themselves, even now, in fiat/debt clown world.

Yea, all fiat currencies are trending to zero. That’s the only part in your post which you got correct. Well done for trying, though

Breaking: Just one in five new jobs created over the past decade went to Britons, new report reveals, with the vast majority taken by migrant workers from outside the EU. I wonder why the right wing parties are gaining popularity? Our young people have been systematically betrayed at every level.

Of course. But how you measure debasement is inportant. Gold is still held & used by central banks at the settlement layer. It’s not a 100% reliable indicator, but it’s one of the best ways to show the decline in purchasing power over time.

Tell me you have no idea how the economy works without telling me

Leftist waffle. What is good about what he said? Basically he’s just said “could the right-wing parties please stop weaponising the constant unrelenting stream of events that completely vindicate their world view”

As I have said before:

We’ll see.. the premier league has a brand to protect too. There is a lot of anger out there about this, from many sources. I’m not sure they’ll be able to brush it under the rug. But unfortunately you’re right that money usually talks.

Seems way undercooked tbh, if you factor in youth players being stolen, transfers etc

“The economy isn’t doing badly” is all a matter of perspective

Labour came to power warning of a £22bn black hole. Since then they have: ❌ Put taxes up by around £70bn ❌ Borrowed another £310bn And now, after taking more of your money AND borrowing hundreds of billions more… …there is apparently another £35bn black hole. At what point do we admit the problem isn’t that Government doesn’t have enough money? It’s that Government cannot control its spending. You cannot tax your way to growth. You cannot borrow your way out of overspending

“Bond yields not affecting the economy” 😂😂😂 add this to your growing portfolio of ever more ridiculous comments. Stop pretending that you have a clue what you’re talking about

I personally know someone that makes more than that, so unluckily for you, it’s correct.

Its correct, sorry to burst your weird bubble