27/07/2012

George And The Gang Watch The British Economy Burn

George and the Gang British Economics
George and the Gang

Transcript of audio

So the British economy is shrinking. By Adam Lovejoy in the Topic Angry Rants over on Stirring Trouble Internationally.

Adam Lovejoy asks the question what has happened to the economy? Adam Lovejoy writes from London: You can’t make it up really.

First comes the announcement that the British economy dips 0.7 per cent in the second quarter of the year, third time in a row, and then the government announces that it is holding an InvestmentSummit on the eve of the useless Olympic Games that would add substantially to the national debt burden, hoping – wait for it – to convince foreign big business to invest over £1 billion into industry. And the day before Chancellor George Osborne tells wide eyed hacks that a relentless focus on the economy is needed, as if he was prevented from doing that by forces beyond his control.

And if you add to this some other crazy goings on like the bank of England blowing £375 billion of newly printed money on quantitative easing, as techniques that was invented to help banks get out of trouble while presenting it as an attempt to save the whole economy, you will be getting a taste of the la-la land economics that are practiced by George and the gang.
You have been listening to an extract of Stirring Trouble Internationally.  Via stirringtroubleinternationally.com
«Deep Sea Delta», boreplattform, her i Nordsjøen
«Deep Sea Delta», boreplattform, her i Nordsjøen (Photo credit: Wikipedia)
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