The Young Pretender
@Dioclet54046121
The UK government now needs to choose its poison: Either default or monetise the debt and inflate, both of which lead to a chaotic monetary reset and all that entails. A controlled monetary reset is its only sane option (if it can engineer one).
It’s been obvious since the 2008 financial crisis that this greater financial crisis was coming. But the pretense was (and still is in most quarters) that 2008 was the end of it.
This is going to end in a mad panic, so the most rational thing people could do is panic now, and get it out of the way.
If the authorities don’t choose a controlled monetary reset, the best we can hope for is a rapid chaotic reset. The idea of a long drawn out chaotic reset is too h******e for words.
They won't default, as everyone loses, and the system locks up (deflation)
— Silverbarbarian (@AGbarbarian) January 9, 2025
They will choose inflation as the 'elite' come out of it OK
So they buy long term bonds, which causes yields to come down, then the GBP weakens, which stokes inflation, yields rise..we get a d***h spiral
Why has the Governor of the Bank of England flown to China today with Rachel Reeves, the Chancellor of the Exchequer? Is something afoot, or just more of the same paper games?
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Just put the dying fiat monetary system out of its misery, so everyone can move on and adapt.
Source(s):
https://x.com/Dioclet54046121/status/1877275191295742377
https://x.com/Dioclet54046121/status/1877364171441914101
https://x.com/Dioclet54046121/status/1877371004558667944
https://x.com/Dioclet54046121/status/1877467396761321768
https://x.com/Dioclet54046121/status/1877476997657415718
https://x.com/Dioclet54046121/status/1877497227989442588
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