2024-08-29 Britain
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The imminent collapse of Great Britain
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[ZeroHedge] A series of bizarre developments that have unfolded in Great Britain over the last few weeks suggest that its financial system came to the verge of collapse, probably as a consequence of Ukraine’s debt default. The last thing the people in power will tell us is the truth, but if we dig in dark places and connect the dots, I believe the conclusion practically makes itself. The consequences for Britain, and probably for “his majesty’s” other dominions will be extreme. Let’s dive in…
THE RIOTS THAT WEREN’T (QUITE)
The stabbings of three young girls (6, 7, and 9 years of age) that happened in Southport, UK on 29 July apparently unleashed widespread rioting and clashes in Britain, notably between the immigrant Muslim community and what PM Keir Starmer called, right-wing thugs. The authorities' reaction has been nothing short of Orwellian including a radical and ongoing crackdown on free speech.
But it would appear that the riots and clashes haven't been quite as widespread or as violent as the media portrayed them to be. In a recent podcast, Alexander Mercouris pointed out that not only did everything seem calm in London, but that a number of his friends and acquaintances around the UK all told him the same, even for the cities where rioting had been reported. Could it be that the government overreacted and exaggerated the threat in order to justify stepping up its authoritarian control which is now gripping Britain?
Rather than appealing for calm, the government’s messaging clearly aimed at intimidating the population. The UK's Home Office warned that "Actions have consequences," and boasted that over 1,000 arrests have been made thus far. British courts already sentenced many people to stiff prison terms for wrongthink expressed on social media and they made sure that these sentences got wide publicity.
On Friday, 16 August, I joined Tom Luongo at the @CryptoRich podcast to discuss the situation, which turned into a bit of a brainstorming session: given that violent crime and knife stabbings are nothing new in Britain (they've been on the rise for years) and that people's resentment against immigrants isn't new either, it occurred to me to wonder, why is the government turning as radically authoritarian? And why now?
If the crackdown is being deliberately orchestrated and I believe that it is, then what is the reason for it? Our discussion converged on the idea that Britain might be facing an imminent financial crisis which could accelerate her economic and social collapse. My suspicion was that it might have to do with the fact that Britain got overextended in Ukraine trying to regain the leadership, affluence and the prestige which it has been steadily losing over the recent decades.
…A sudden deterioration, which developed during the course of this year seems to be related to the Western powers’ impending military defeat in their proxy war against Russia. Britain has been the principal cheerleader and sponsor of that conflict, and she seems to have gone "in over her head.” In addition to providing at least £7.5 billion in military aid (nearly $10 billion), Britain gave another £5 billion ($6.5 billion) to Ukraine in financial support.
Furthermore, Britain has also guaranteed multiple tranches of World Bank loans to Ukraine and many British financial institutions have purchased billions’ worth of Ukraine's bonds. Others made extensive direct investments there. In the timeline that follows we’ll trace the way Britain’s perfect storm shaped up in Ukraine.
Long and detailed timeline can be read at the link. |
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Posted by Skidmark 2024-08-29 00:00||
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