I've been banging on for over a decade about the foolishness of printing money and stoking up inflationary pressures. In 2008 the financial crisis nearly exposed the thin ice the banks were on, but thankfully for them, Western governments bailed them out at great expense to the public.
Well, this year looks like Credit Crisis 2.0 is going to happen. Gold prices are marching ever -upward and the ads on the radio clamour for old jewellery etc, signalling just as it did back in 2008 that a crash is imminent.
The only variable is whether it will be before or after a General Election in the UK.
If the Tories push it out to October, then there's a risk it will happen before the election and the Tories will be tarred with creating it.
If they call the election in (say) August before any crash, then they may dodge the bullet and can pin it on Labour financial policies. Just like they did to get rid of Liz Truss.
That was the clever ploy of Blair when he got in: he promised not to change any financial details in his first term of government, so any issues could firmly be pinned on the previous government.
Kier Starmer has made no such promise this time round.
If I were the Tories, I'd be aiming to call the General Election well before the Presidential elections in the US. Because November to February when there is a change of administration in the US and therefore a lack of direct control will be the time for the crash to happen.
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