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!@#$%! · 09.25.2022, 05:15 PM

meloni's coalition "a clear win"

salvini in there does not bode well for europe, but a majority of italians approve of the euro they need to pay their debts anyway, so we'll see how things go... one small plus here is that meloni is anti-putin.

meanwhile... marcos in the philippines talking about buying russian oil???

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and kwarteng doubling down on his tax cuts even after the shellacking the pound took last week. he promised "more to come".

but how can you cut taxes and increase subsidies at the same time? only he knows.

also with his flat tax the rich get to keep a lot more, while the poor keep a couple of hundred pounds a year.

the bank of england just increased rates again 50 bps to fight inflation, but tax cuts and subsidies are inflationary, and currency devaluation is inflationary. also brexit is inflationary. are people just going to "keep more" of an eventually worthless currency? 10x0=0...

in the end he's either going to prove to be a revolutionary genius or break the british economy... or maybe they'll bring in someone else to do an emergency reset before that happens.

09.25.2022, 05:15 PM	#366
!@#$%! invito al cielo Join Date: Mar 2006 Location: mars attacks Posts: 42,468	meloni's coalition "a clear win" salvini in there does not bode well for europe, but a majority of italians approve of the euro they need to pay their debts anyway, so we'll see how things go... one small plus here is that meloni is anti-putin. meanwhile... marcos in the philippines talking about buying russian oil??? - and kwarteng doubling down on his tax cuts even after the shellacking the pound took last week. he promised "more to come". but how can you cut taxes and increase subsidies at the same time? only he knows. also with his flat tax the rich get to keep a lot more, while the poor keep a couple of hundred pounds a year. the bank of england just increased rates again 50 bps to fight inflation, but tax cuts and subsidies are inflationary, and currency devaluation is inflationary. also brexit is inflationary. are people just going to "keep more" of an eventually worthless currency? 10x0=0... in the end he's either going to prove to be a revolutionary genius or break the british economy... or maybe they'll bring in someone else to do an emergency reset before that happens.
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