The impression of wealth built on a mountain of debt.
The ‘Prudent’ Gordon Brown gave us this over 10 years as Chancellor, robbed our pension funds and sold off the UK Gold Reserve for 1/5th of its current value and oversaw the monumental expansion of the welfare state. And what did they do, sack him for gross incompetence? No they made him Prime Minister.
And what are they going do do with all the bank executives, sack them ? No Gordon has given them £9,000 per head of the population per in the UK, £500 billion of our money and told them to ‘carry on’.
Then there is the oil price.
1 barrel {of crude oil} = 42 US gallons = 160 litres
1 barrel of oil now = $80 and £1 = $1.80
but 3 months ago, at its peak, a barrel of oil cost $160 and when we were paying £1.30 for diesel , £1.19 for petrol per litre
but now we are paying £1.07 for petrol and £1.18 for diesel per litre.
So the cost per litre {before refining, fuel duty, vat, distribution costs and profits}
is today
80/(160×1.8) = 28p per litre
that’s 1/2 what it was 3 months ago , but we are only paying 10% less at the pumps.
Just like mortgage rates, when the bank of England rate goes up, Banks pass on the costs the same day, but when it goes down, the banks hang on as long as possible {and still they lost all our money, £9,000 per head of population in the UK and rising , where as in the USA it’s only £2000 per tax payer}.
Just like the banks, all the oil money is going somewhere and its not to hard working folk and average earnings !!
Which brings us back to the start. Is this all a conspiracy?
Common folk have there pensions in shares.
The government brings about the collapse in shares, passes the blame and watches everyone’s pensions fall by 90%.
The government buys shares from the pension schemes at 10% of their value. Shares then go back up to their true value. The city makes hundreds of £ billions and pays this to itself in bonuses. The Government sell the shares back to the pension companies at the full price and uses the 1000% profits {from the 90% loss in our pensions, money earned from decades of employment per person} to fund the £100 Billion cost per year of the welfare state for the 4 million of the 5 million people who live on benefits but who can work, but who are better off living off the state?
Then Gordon tells all people in work, the ‘working class’ that they will have to work until they are 70 to get their, much reduced pensions yet Gordon’s newly created ‘welfare class’ who have lived off benefits and never paid into owt will get a full state pension.
And just look at Peter Mandleson. In less than 4 years the tax payer has funded his pension scheme to the tune of £1,0000,000 and this in addition to his v v v generous MP’s pension too.
Nice one Gordon.
