Bailout : Gordon's £1.4 Trillion Fail

giltsHere is the futures price chart for the generic Gilt.  All that is stopping that chart going further south faster is that the Bank of England is printing money (though printing isn’t the way it done nowadays, the Bank just changes amounts in the electronic ledger).  Some of that money is recycled into mopping up gilts.  It won’t work for ever.

Gordon has convinced fellow members of the IMF to sell the fund’s gold reserves, this visibly holds down the gold price as the relative value of paper money is destroyed.   There will be an awful day of reckoning.

The gilt market will revolt sooner or later.   Darling’s fantasy forecasts will be rejected by those of us in the reality-based financial markets.   The numbers are horrific.  Bloomberg’s Andrew MacAskill has totted up the cost of the bailout as £1.4 trillion.  That is over 100% of GDP.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Former public schoolboy Chuka Umunna told the  ‘Exit From Brexit Dinner’…

“Remainians, Remoaners, I don’t care what the label is, I’m proud. It’s fashionable to label everyone in this room as the liberal metropolitan elite . . . This caricature is promoted by a bunch of former public schoolboys!” 

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Morning Star Flogging Socialist Xmas Hampers Morning Star Flogging Socialist Xmas Hampers
Bullying Lobbyists at Centre of Carl Sargeant Investigation Bullying Lobbyists at Centre of Carl Sargeant Investigation
Williamson: Media Ignored Prize I Didn’t Even Know About Williamson: Media Ignored Prize I Didn’t Even Know About
Soubry: Vote for Me is A Vote for ‘Theresa May and Good Brexit Deal’ Soubry: Vote for Me is A Vote for ‘Theresa May and Good Brexit Deal’
Pictured: Rebel Remainer Booze-Up Pictured: Rebel Remainer Booze-Up
Corbyn Heckled at Chanukah Party Corbyn Heckled at Chanukah Party
Top 20 Brexit Blocking MPs Signed 193 Amendments Each Top 20 Brexit Blocking MPs Signed 193 Amendments Each
Momentum Claims Only a Tiny Fraction of the Hundreds of Thousands it Raised for the Election Were Spent on the Election Momentum Claims Only a Tiny Fraction of the Hundreds of Thousands it Raised for the Election Were Spent on the Election
Labour Delays Kelvin Hopkins Decision Labour Delays Kelvin Hopkins Decision
Who’s In The Final Running To Be New BBC News Director Who’s In The Final Running To Be New BBC News Director
Juncker Facing Criminal Probe After Spy Scandal Juncker Facing Criminal Probe After Spy Scandal
Tom Brake: Media Aren’t Patriotic Enough Tom Brake: Media Aren’t Patriotic Enough
BBC Hypes Gloomy Brexit Report By EU-Funded Think Tank BBC Hypes Gloomy Brexit Report By EU-Funded Think Tank
Brussels Booze-Up Bonanza Brussels Booze-Up Bonanza
Labour Peddle More Animal Sentience Fake News Labour Peddle More Animal Sentience Fake News
Corbyn Launches Labour Muslim Group Headed By “Israel Has No Right to Exist” Activist Corbyn Launches Labour Muslim Group Headed By “Israel Has No Right to Exist” Activist
Clive Lewis Investigation Dropped Clive Lewis Investigation Dropped
Tories Take Poll Lead Tories Take Poll Lead
Cult of Corbyn – Christmas Edition Cult of Corbyn – Christmas Edition
McDonnell’s Socialism (With Diagram) McDonnell’s Socialism (With Diagram)