As Britain deals with the nastiness of democracy with voters being fed up with the EU rules leaving Britain open to invasion by foreigners, taxes and rules that have decimated British manufacturing to the point, it barely exists, just like the US is being savaged by free trade and the people forced to take in hostile foreign invaders who hate our culture, our laws, our beliefs and everything else. Yes, the people who rule us want us all to shut up and to do this, they terrorize us via things like this: Bank of England investigating dramatic overnight fall in pound | Business | The Guardian.
The pound already was pounded way back in mid-June when the voters, fed up with globalization, demanded more control over their country. Gasp! The Bilderberg gang went to work and voila: we have a run on the pound. Now, as a person who used to sell in a market totally wrecked, a market where my sheep went for $250 a head dropping to less than $50 a head back when we joined the EU system, so did England, a major producer of their own wool.
England used to not only raise sheep but made cloth and clothing. Now, it is, like in the US, nearly all imported. Lots and lots of things that Britain and the US used to make are now imported. Nearly everything is imported. Our ‘trade partners’ fix this by currency games which hides reality from consumers by artificially keeping currencies of dying economies going into debt, higher than it should be so they can continue to export to England and the US.
The Bank of England and other central banks are scrutinising the dramatic dive in the pound on Friday to establish what drove sterling to new 31-year low in a trading incident that has had repercussions across global markets.
The trading incident appears to have lasted for about four minutes in early Asian trading, compounding the losses that sterling had already suffered following speculation that Britain is heading for a “hard Brexit”.
The Bank, which had been on alert for the impact of computer trading on markets, said: “We are looking at the causes of the sharp falls overnight.”
Merkel this very same week that Germans are yelling at her to stop killing Germany, has decided to kill England, instead. She snarled that England should be punished for Brexit and this is being done to stop all others from contemplating fleeing the EU.
The practical Chinese like back in June when I wrote about all this garbage, panicked again and dumped the pound. The Chinese want a strong pound to keep their products pouring into Britain and like in June, this is in trouble and the Chinese are getting pissed off at currency market games.
The Japanese want strong currencies not a strong yen, too. For the same reasons as the Chinese.
Brace up, Britain! You need to revive your own industries, your own agriculture which has been savaged lately. Work, again! Last May, the UK trade deficit with EU hits new record right before the vote to stop this insanity.
‘Services’ shot up from only 2% of the economy to nearly 6% while importation of stuff went from 1% to 8% and worse, in the last decade, there was a net income outflow from England, too! NOT GOOD. Not good at all. The status quo points very definitely to the entire annihilation of Britain’s economy if this keeps getting worse and worse.
So they must bite the bullet or die later at the fangs of foreign rulers! Which will it be, Brits? We need to know for we are in the same boat as you all.
209 Greenhollow Rd
Petersburgh, NY 12138
Make checks out to ‘Elaine Supkis’
Click on the Pegasus icon on the right sidebar to donate via Paypal.