RE: David McWilliams25 Aug 2019 01:44
As usual Mr Mac you present us with a thought provoking FT article and our cipher expert (LTI) tells us how to read it, which I have, I'm unable to fault it.
The weakness in LTI's argument lies in his reliance on the words of economists who would be better employed trying to forecast the weather. After all the City is full of analysts and economists who were all flashing green lights in 2008 when the world seemed to be running beautifully guided by the "Masters of the Universe."
We all know how that ended, the economy was put on life support assisted by "free money" which was just printed by the lorry load - resulting in a further devaluation of the pound to almost parity with the euro.
It may very well be a bitter pill to swallow for the believers in Brexit, but it has to be acknowledged that the country is sinking due to the complete lack of leadership in the face of an ever increasing population which the government has chosen to ignore.
Mrs Thatcher was asked years ago how she would address the problem - she answered that she would do nothing but rely on demographics. The bulge in the population expires ( which they haven't done in enough numbers - yet ) the problem would solve itself - WRONG..
In the meantime the country has continued financially to shrink robbing it of the ability to fund its Public Services - which in the meantime have become bloated with layers and layers of management - at the expense of both the Health Service and the Police. Now to cap it all our free TV licence is going, but not until next May. Next will be travel concessions as charges for dentistry and medicine probably increase. Don Quixote comes to mind - I am here almost two years now and am amazed at the extraordinary and heroic efforts being made to keep the Health Service going here, which in Lisburn is disappearing before our eyes.
We are both waiting for Consultant appointments since we got here - our only route is to go privately which the colleen attempted to be told that the service she required was now suspended in Lisburn.
Our doctor told us last week - "if you break down we'll fix you" but routine services are off the menu for the moment due to recruitment difficulties.
These are the foundations from which the Phoenix will rise - good luck...