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  • Under water: how the Bank of England threw markets a lifeline

    From newsactive.net

    Calls to the Financial institution of England saying some British pension funds had been struggling to fulfill margin calls started on Monday. By Wednesday they had been getting extra pressing and coordinated. Wild gyrations in monetary markets in response to a authorities “mini-budget” on Sept. 23 meant that swathes of Britain’s pension system had been in danger, elevating widespread issues concerning the nation’s monetary stability. British Finance Minister Kwasi Kwarteng’s assertion had included dramatic plans to slash taxes and pay for it with borrowing which despatched authorities bond yields hovering. ... (full story)

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  • Comment #1
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  • Oct 2, 2022 4:24am Oct 2, 2022 4:24am
  •  NotBoris
  • | Joined Jul 2019 | Status: Member | 1422 Comments
Thicko truss just admitted on tv interview that the government should have laid the ground better before announcing the mini-budget and she will learn this for her future announcements.

WTF????!!!! This thicko just costs us tax payer 45bn cuts + 65bn BOE intervention to prop up the failing pound to save her sorry axx. Just go already + together with your useless cabinet of axx!
 
 
  • Comment #2
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  • Edited 1:47pm Oct 2, 2022 1:32pm | Edited 1:47pm
  •  RossEdwards
  • Joined Jun 2019 | Status: Member | 3294 Comments
Is Truss dumb?..
Maybe worth a look behind her apparently bizarre gamble with the UKs economy and realize its the price demanded by the forces that backed and delivered her her Premiership. A carefully honed and orchestrated play backed by some pretty shady interests, with deep roots in the right of the Conservative Party. the same financiers of that delivered Brexit, but missed their preferred NoDeal version, .
IMHO, Much of the Libertarian/ DeepState/ Global Elite conspiracy narratives that often surface here and in social media. is over egged. But this time under the cover that for a lot of people Truss was thought a lightweight - somehow, not to be taken too seriously?.. Now wever realised that paired with KamiKazi-Kwasi, she is bought and sold HandMaiden to these mysteriously funded fringe of Tufton Street nutters.
we're seeing isn't a Truss BrainStorm.. its her delivery of a long and well prepared economic ideological coup d'état ... a la ERG, and those wonderful little people who brought you Brexit, prompting a very serious fiscal policy gamble and bringing the new Truss Government on a fiscal policy crash course with BoEs statutory monetary policy mandate. Serious because of its scale, it isnt just a F/U for UK, but one with International financial destabilization consequences prompting US Treasury and IMF response and pushback.
IMHO .. Bar a UTurn, KamiKaziKwasi gambling the Farm.

No Truss isnt a total Thicko, she just an ultra ambitious pawn in a much bigger game.

Just a Thought#
Warning: A Dangerous Subversive: 1% of comments CoCed
 
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  • Comment #3
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  • Oct 3, 2022 2:26am Oct 3, 2022 2:26am
  •  pamc
  • Joined Jan 2017 | Status: Member | 72 Comments
Its absolutely clear to anyone that has an ounce of analytical nous that the puppet masters are up to their theatricals again. Glad to see so many dissenting voices within the tory party but also note the threat from the tory whip of expulsion from the parliamentary group. Truss and Kwasi are expendables and like so many before them, are assured of a nice ministerial pension as well as very sweet and heavy side perks from their sponsors. Whichever way you see it, Politics is corrupted totally by the dark and not-so-dark money to the detriment of the masses and the nation as a whole.
 
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    Sterling Credit Has Worst Ever Month as UK Chaos Shakes Market

    From bnnbloomberg.ca|Oct 1, 2022

    A meltdown in UK assets during Liz Truss’s first month as prime minister has left the sterling corporate bond market notching up its worst monthly return ever. A Bloomberg index ...

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    UK's Truss sticks by economic plan as her party worries

    From financialpost.com|Oct 2, 2022|20 comments

    British Prime Minister Liz Truss said Sunday that she could have done a better job “laying the ground” for her package of unfunded tax cuts, but insisted she would push on with an ...

    Daily Mirror Sorry After Mistaking Man for Chancellor Kwarteng

    From bnnbloomberg.ca|Oct 2, 2022

    A UK daily tabloid apologized after wrongly stating that the picture of a Bank of America executive on the newspaper’s website was an image of Chancellor Kwasi Kwarteng. Both men ...

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  • Posted: Oct 2, 2022 3:00am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 2,328
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