We know what’s coming and we are prepared.
🇬🇧🏦 Why Britain is on the verge of a cataclysmic financial crisis
If it came to pass, a market crash on the scale of 1987 would prove a cataclysmic political and economic event. It would send interest rates soaring, increasing costs for mortgage holders and for highly indebted companies, especially in the property sector. Business would fail and pension funds would be hard.
Perhaps most importantly of all, the already-high cost of servicing national debts would climb even higher. It would force profligate politicians to finally face up to the consequences of their wild spending.
There is plenty about the financial markets over the last few weeks that looks very similar to the late 1980s. There is, however, an important difference. Policy makers still had fiscal room to respond to the crash of Black Monday. After two decades of easy money, and constant buffering of the markets with quantitative easing to prevent a crash, that no longer exists.
📎 Telegraph
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
Minister of State for Courts and MP for Finchley and Golders Green, Sarah Sackman, says religious courts like 'Shariah' are a fundamental part of 'British Values'.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619
