What is going to happen when the greatest economic bubble in the history of the world pops? That’s a question the controlled mainstream media never asks.They are much too busy covering more important issues such as the latest soap scandal, the Eurovision Song Contest or how wonderfully beneficial Islam is.All at a time when most Brits, at least those capable of thinking, appear to think that if the “Footsie” keeps setting new all-time highs that everything must be okay.Sad deluded folk, as they are, that is not the case at all.Right now, the British economy is exhibiting all of the classic symptoms of a bubble economy. You can see this when you step back and take a longer-term view of things. Over the past decade, we have added £ hundreds of billions to the national debt. But most Brits have shown very little concern as the balance on our national credit card has soared to astronomic, perhaps unpayable, levels.
Meanwhile, the City of London, the hub of global financial fraud, has been transformed into one of the biggest casinos on the planet, and much of the new money that the Bank of England has been recklessly printing has gone into stocks. But the “Footsie” does not keep setting new records because the underlying economic fundamentals are good or for any other sound reason. It’s a bubble inflated out of all proportion to the reality of underlying worth; it’s a bubble that must ultimately burst.
What we are seeing in the financial markets right now is reminiscent of the build up to the big crash of 1929. Margin debt is absolutely soaring, and every time that happens a crash rapidly follows.
But this time when a crash happens it could very well be unlike anything that we have ever seen before.
What happens next?
https://www.tullettprebon.com/announcements/strategyinsights/notes/2010/SIN20130510.pdf
to quote a saying. it is the economy, stupid. a political party without an economic strategy can only be regarded as a pressure group and not taken seriously as an alternative government.although early days for us could we start off by stating that our policy of withdrawing from the European economic disaster organisation would save us so much money that we would reduce vat to ten percent.also relieved of the burden of immigration a base rate of income tax would be fifteen percent. by doing this our political foes would have to be against these proposals and us for them. it would attract middle class voters for the first time to nationalism. this type of attitude makes us positive and different from our rivals from the start.
It’s not easy to have an encouraging economic policy for the shorter term when you are in a hole with no easy way out. And people lose interest in messages about the longer term as they struggle to survive – unless there is a watershed when they finally accept the need for radical change.
We are not at that point – yet.
For as long as I can remember (several decades) the ‘great economic thinkers’ of the nationalist movement have been telling us ‘The System’ is about to collapse. John Tyndall was sure it was going to happen before the turn of the millenium. During the recent banking crisis Nick Griffin was sure ‘The Collapse’ was only months away. Yet he we are in 2013 trundling along as usual with a growth rate of about 1%. When are nationalists going to learn that the establishment are not going to gift us an economic collapse? Revolutionary economics just makes us look like amateurs. What’s needed is practical suggestions about what we do if elected. ‘If I were going there, I wouldn’t start from here’ is not a practical suggestion.
A very good point. You could go back further and say that Sir Oswald Mosley spent much of the 1930s talking about the supposed imminence of a collapse that never came, then reprised the same theme with much less plausibility in the 1950s, in truth a decade of steady economic growth. That is not to say the system doesn’t have big problems. It does. But nationalist talk of the collapse has borne all too close a resemblance to the little girl’s cry of wolf to command general belief now.
We must have clear economic proposals as the next general election will be fought on the economy whether we like it or not. We are a political party not a pressure group. Everything can be costed and the savings to Britain of not paying in to Europe and no longer paying for millions of immigrants must be shown to the electorate.
I also think we have a massive crash coming I bought some shares in CLS Holdings five years ago for £3 and sold them last week for £12 making over 100k profit. The market is so over hyped I know for a fact these kind of returns are impossible without QE ramping up the value of assets. Once the bubble bursts we could have a major headache on our hands. The big money is moving to hard assets like agricultural land, gold, silver, gemstones, diamonds, I would batten down the hatches myself and prepare for the worst over the next couple of years. For most battle hardened folk like myself we can see a bubble forming, and don’t be the one left holding the baby when this happens.