Yesterday, in a hitherto unheard-of intervention, the world's bankers, the International Monetary Fund, called on Britain's crazy government to 're-evaluate' that crazy budget that drove the GBP to just $1.03 against the USD.
Obviously, the IMF has already formed the lowest opinion possible of both Prime Minister Truss and Chancellor KamiKwasi Kwarteng They are not wrong, either. And, as we write, the FTSE 100 has dropped to 6880.80, an enormous drop in the space of just a few days. And there's more, a lot more. The Bank of England has stepped in with £65billion to prop up Government Bonds which have halved in value because, like the Government, they are so unstable no one wants to buy them!
But, where the hell is the Prime Minister? She's in hiding, Gordon Brown style, the coward's way out. To say that we classified her as monumentally stupid was an understatement if ever there was one.
We blame the rabid right wing membership of the Tory party. With a bit of luck, and fate, they will be the ones to suffer most. As the old Chinese proverb says, be careful what you wish for.
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