DutchEnery

I f there was any doubt at all that the White House is now staffed by imbecilic persons read this what Ian Dunt, a columnist for the British publication iNews said - "This might be the single stupidest thing any of us will ever see," Dunt argued. "It is stupid in every way: presentationally, intellectually, politically, methodologically, morally and of course economically. The word stupid doesn’t really suffice for the full level of idiocy we’ve now reached”. Dunt found himself particularly appalled by the chart that Trump showed that contained wildly inflated figures about the tariffs foreign nations slap on American products. "It looked like something out of US daytime television – those garish cheaply produced shows where you can win a cash prize if you spin a wheel," he remarked. "You half expected a showgirl to appear behind the American flags, draped over a tariff quota rate. That’s what he is really: a cheap knock-off daytime TV presenter. The numb...

The Sun’s Saturday article of a week or so ago, by Matt Goodwin pointed to some stark details of what he called his verdict on ‘Broken Britain’. So, obviously I am not on my own as I have been saying this now for a few years, on and off. In fact the cost of the national debt interest is even higher than I thought! Some £9billion a month interest? We may ask why do governments borrow so much? The rules of borrowing go for everyone. People, businesses and governments. You must keep an eye on borrowing as it can easily get out of hand. In the case of governments they just issue bonds. When the UK Government needs to borrow money, it can issue a bond, gilts as they are known. This is a way of requesting a loan from investors via the financial markets. In buying a bond, investors are lending the government money. By all accounts this debt stood at the end of March 2023, at £2,537.0 billion, or 100.5% of GDP ie £2.5trillion. The annual bill therefore is about £100billion! So, again why bo...