Vernon Coleman: A Bumpy Ride Is Coming

Tighten Your Belt: You are in for a Very Bumpy Ride

Dr. Vernon Coleman

The coming financial chaos was apparent years ago.

When I wrote my book Stuffed!, back in 2012, I pointed out that: ‘The Government can no longer afford to pay the pensions it has promised to public sector workers. Nor can the Government afford to pay the State pension. And, just to make things worse, Government and EU policies have destroyed the attractiveness of private pensions. In a generation’s time our streets will be packed with geriatric, English beggars pleading to be given enough money to buy a little food.’

And now we’re very close to that.

The current UK squabble between Truss’s apparently chaotic and spendthrift Government and the apparently incompetent Bank of England is setting us all up for a perfect financial Armageddon.

The Bank of England says that our financial problems are caused by the Government’s spend, spend, spend policies (which is true). The Government says the Bank of England should have raised interest rates faster (which is also true).

Meanwhile, as British pension funds collapse, millions who were looking forward to a decent retirement can now look forward to penury, poverty and the need to carry on working until they drop. And the Bank’s Governor is in Washington with the Chancellor. I’m sure they are having a wonderful time. Might I suggest that they stay there?

British pension funds are in a mess because of the twin policies of the Bank of England and the new Government. But Bailey, who gets over half a million quid a year as Governor of the Bank (and who can rightly claim to be the most overpaid buffoon in Britain) says the problem is the fault of the pension funds for doing what they are forced to do – hold Government bonds – and that they should sort out the mess. Gilts (including, bizarrely, index linked gilts) have suffered an unprecedented collapse.

What a lot of strange things are happening these days. All unprecedented and apparently inexplicable.

But, remember, nothing is happening by accident.

Once you realise what is happening it is remarkably easy to understand just how the conspirators are pushing Britain into a real, deep and lasting depression. The International Monetary Fund says that 2023 is going to be worse than 2022, by the way. And the concensus is that Britain is in a worse mess than any other country. We’re deep in Orwell country now.

(Citizens of other countries shouldn’t laugh too much. All other countries are also heading for financial disaster. The only difference is that Britain is going to get there first.)

Everywhere you look there are lies, deceptions and mis-directions.

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