UK Braces for a Spectacular Economic Disaster as the Pound Nosedives

The pound is taking a pounding in the world of trade market. The pound hit a record low against the dollar and the British currency fell below $1.10 for the first time since 1985 on Monday, 26 September. There was a time when a pound could buy you two American dollars. Now, both currencies are about to hit parity. The fall in sterling pound’s value will make commodities, services and energy more expensive. The IMF is livid at Liz Truss’ government, and said that the “large and untargeted fiscal packages” would “likely increase inequality” in Britain. Do you think the new government in London has messed things up already? Watch to know more.
#pound #world #trade #market #record #low #dollar #british #currency #fell #1985 #american #dollar #sterling #pound #value #energy #imf #liz #truss #fiscal #packages #inequality #britain #global #equities #bank #england #damaging #rise #borrowing #costs #bonds #treasury #housing #market #broader #economy #kenneth #broux #societe #generale #currency #strategist #imf #u.s. #treasury #bpts #german #bunds #gilt #prices #amundi #asset #manager #uk #assets #uk #fiscal #credibility #laurent #crosnier #gbp #oil #prices #brent #barrel #finance #minister #kwasi #kwarteng #taxation #national #insurance #mortgage #rates #opposition #labour #party #keir #starmer #stabilise #economy #government #debt #rate #reduce #incentives #turmoil #markets #uk #housing #market #asia #eurasia #global #foreignaffairs #foreignpolicy #WorldNews #news #latestnews #geopolitcs #Firstpost | n18oc_world
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[@jumbam9938]

Russophobia is expensive

[@greekguytalks]

yea Ukrain need to payout repercussions after the war ends

[@zeanu2015]

indeed

[@tomaspskers1576]

but idiot ism can't be cured

[@princeo15]

@@greekguytalks lol with wat

[@fliteshare]

@@greekguytalks Ukraine will seize to exist.

[@puppy.t2602]

MY GREATEST CONCERN IS HOW TO RECOVER FROM ALL THIS ECONOMIC AND GLOBAL INFLATION AND STAY AFLOAT, ESPECIALLY WITH THE POLITICAL POWER TUSSLE GOING ON IN THE US🇺🇸.

[@Effiong94]

As with any big financial decision, it's important to keep your guard up for economic risks. However, smart planning, time, and seeking advice from a financial adviser can help keep you and your money safe.

[@mr.ronaldgonzales2300]

@@Effiong94 I agree with you. I ventured into stock with less than $100,000, and now I'm about 17,000 short of half a million dollars. Credits to (MRS. PAMELA KAY WEAVER). She's verifiable.

[@danutaz.mazurek9246]

Wow, you know expert pamela ...? I'm a living testimony of expert Pamela she has been trading for me for months now

[@larsdelange589]

Wow I'm just shocked you mentioned expert Mrs Pamela thought I'm the only one trading with her

[@georgeo.barton2967]

@Donna Erwin YEAH !! BITCOIN IS PROFITABLE 🤑 🤑

[@briancarno8837]

she said she would make the ruble rubble... instead she has put the pound into the ground

[@ziggyzagg5419]

shes the witch of uk

[@selvammaniamawasi697]

Karma, you shall reap what you sow 🤣

[@brittalbach416]

brian carno: super poetry, ha !

[@bittoochatterjee2661]

Not into the Ground But Underneath the Ground.

[@andrejbecker8955]

Maybe the UK 🇬🇧 economy should focus more on the country and people itself, rather than pushing an upayable envelope ✉️ somewhere else.

[@starlight122012]

what like giving aid to Ukraine

[@kimchiba4570]

I disagree ..UK should mind other business and keep exporting democracy

[@xtc2v]

@@kimchiba4570 We have zero political choices here in the UK. All parties don't do what the people want

[@starlight122012]

@@kimchiba4570 hahaha love the sarcasm

[@jojyrocks]

Or they should replace their flag and use Ukrainian.

[@neverstop108]

UK should make Dollar their currency at this point as they tend to follow US like a good pet would.

[@TwoFingeredMamma]

You only see the visible government which is an illusion to give people the idea they are free. The invisible government is run by "The Illuminati" and consists of three city states. It is known by many names (The Shadow government, The Deep State, The empire of the black sun, Babylon, The Beast etc). Vatican - Spiritual domination of planet Earth, All religions are controlled from this state. City of London - The CROWN money cartel, controls everything to do with money globally. The CROWN is not the Royal family. Washington DC - Military domination of planet Earth. The UK does not follow the USA. The USA is a private corporation controlled from the City of London and The Vatican).

[@mguendumiguel9523]

hahahaha IS SOMETHING WISH MEXICO ... BUT NOW i am happy to have mexican pesos and not pounds hahahahaha

[@patricklee7537]

UK should follow Russian rouble become stronger 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 BRICS.

[@falatoronto]

Self inflicted, from sanctions that backfired.

[@chrisworthman3191]

Self inflicted by Brexit for racists, bigots and xenophobes.

[@stephenstephenson8349]

That's what you get for involving yourself in Americas war with russia.

[@chrisworthman3191]

@@stephenstephenson8349 Ukraine is in a war with Russia and exposing them for the war criminals that they are.

[@vister6757]

@@stephenstephenson8349 more like the US.

[@nwinter2766]

And winter is coming 😂🤣😂🤣

[@thecomment9489]

🤣🤣🤣

[@UniqueBreakfastTaco]

the winter of servere illness and death, as brandon would say?

[@tomaspskers1576]

oh nooooo, end of the world, you trolls are so desperate

[@lobtheheavy3808]

@@tomaspskers1576 Are you trolling?

[@apakansaja8505]

The world is witnessing live in real time The Great Pounding of Great Britain.

[@christee9590]

United Kingdom

[@theuncomfortabletruth8348]

As expected, the UK and EU have to sacrifice for the US dollar.

[@AutobotProwler]

This is brexit.

[@jasonbauter2512]

The dollar isn't likely to do any better. We'll just collapse after europe does.

[@andia968]

what can i say US is the head sheriff anyway, uk is deputy sheriff and the rest of eu countries are just corporal polices. uk status as deputy is higher but they still has to submit to us

[@cavaleermountaineer3839]

Again hilarious how you blame America when the stupidity of the entire British system is point blank in front of your face. Maybe you'd rather spend BILLIONS protecting yourself and not have unfettered access to American markets, something we don't demand as a return favor. Yea, yall would be much better off. Putin would've taken Ukraine and begun preparations for invading the baltic states and Poland. And you'd be sitting there saying, "Wow, I can't believe the Americans haven't done anything." Yall are pathetic. Period.

[@cavaleermountaineer3839]

We can save them from Nazis and Bolsheviks but we can't save them from their own stupid, incompetent leadership. But hey, that's not our job, right?

[@ramonng6381]

Thank the USA for all of these disasters..

[@mike7652]

The US Government™. They're screwing over US citizens too.

[@jeffb.140]

💯

[@venpul244]

Russia seems to be happy that Truss got nominated... they don't have to do anything... she is in full form to take the economy down single-handedly...

[@johnlesoudeur3653]

She has a hand picked woke cabinet to "help" her.

[@30Phani]

Former US grand strategist Zbignew Brzezinski said: “It is IMPERATIVE that no Eurasian challenger emerges capable of dominating Eurasia and thus of also challenging America”. Because the US has just 4% of the world’s population, and it’s isolated from the Eurasia continent which has 70% of the world’s population, or 87% with Africa included. Defensively, it’s an advantage to the US, but economically, it’s a handicap. That’s why economically, Eurasia is a competitor to the US and the Euro is a threat to the dollar. How does the US with an isolated and just 4% of world’s population maintain its position as the world’s biggest economy? The dollar must stay as the world’s reserve currency. This allows the size of the US economy to be highly scaled up, instead of being sized according to the fundamentals. To be the world’s reserve currency, the dollar must be circulated in the world. The US created a huge consumption-based economy and shifted manufacturing outside, so that dollars flow out of the US to product suppliers like China or Japan. To make products, China and Japan need energy. The US created the Petrol-dollar scheme, so that dollar is circulated to Saudi. With the US stock and financial market much more lucrative than other countries, the dollars from Saudi are attracted back to the US. Money printed in the US to exchange for goods from outside eventually ends up with the Wall Streets, where the rich gets richer. And that completes the cycle of circulation of the dollars. The American Dream attracted top talents around the world to strengthen the US’ science and technology sectors, and a technological gap is maintained between the US and other major economy like China, so that the US benefits from highly lucrative high-tech product/patent exports, while low profit manufacturing sector is outsourced to China and Vietnam. This is why world leader in 5G, Huawei, are banned in 2019. If China or Japan bring back all the dollars and exchange to their local currencies, it inflates the local currencies, making their exports expensive. So, China and Japan use some of the dollars to buy US debts (treasury bonds). That’s why the US, a rich country, is in-debt to China which has just 1/5th of the US’ GDP per capita. And by holding US treasury bills, China and Japan have to support the US dollar, for if the US dollar collapses, their hard earn money would become worthless. After Obama’s “Pivot to Asia” in 2011, which aimed to contain China, China introduced the Belt and Road Initiatives (BRI) in 2013 and diverted some of the dollars into it to reduce the risk of putting all eggs in one basket, and hoping that after these countries are developed, China would have a wider trade market. With a huge population, if Asia and Africa develop rapidly, the share of the US’ economy shrinks, then the Euro could replace it as the world’s reserve currency. When that happens, the US would no longer be able to print money out of nothing without a hyper inflation like Venezuela. Then the size of the US economy has to fall back to the fundamentals, which today is quite a lot smaller than the inflated economy. That’s why no country in Eurasia is allowed to catch up with the US’ economy. When Japan was catching up fast on the US in the 1980s, they were knocked down to a three decade stagnancy by appreciating the Japanese Yen. And in the last 30 years, the US created conflicts, wars and color revolutions in the Middle East, Central Asia and Africa to destabilise the Eurasia-Africa supercontinent. When the US prints a lot of money, other countries’ foreign reserves in dollars shrink in value. Furthermore, to prevent exports to the US becoming expensive, these countries have to print money too, which devalues the savings of the people, and causing inflations in these countries. It’s estimated that our savings devalue by 6-9% per year after the abolishment of the gold-backed Bretton Woods system, after which the US prints money based on just the creditability of the dollar. North America is relatively easy to defend, yet the US has a military budget more than the total of the next 9 countries in the top 10, to protect the dollar with its 800 military bases worldwide. For the record, the US had no mercy on threats to the dollar: * In 2000 Saddam Hussein said he would start selling oil in Euros not Dollars. >> Saddam was hanged by the US. * In 2009 Gaddafi made Libya export oil in Gold Dinars, not in dollar or Euro. >> Gaddafi was killed by US-backed NTC. * Syria had an independent Central Bank NOT under Federal Reserve controlled Bank of International Settlements. >> Obama attempted to overthrow Bashar al-Assad. * Iran has been trading oil in currencies other than US dollars since 2011. >> Iran was being sanctioned by the US. * After being sanctioned in 2014, Putin started to trade in non-dollar. In 2019, Putin (1) completely ditched dollars in oil trades, (2) sold almost all the US treasury bonds, (3) is now the forerunner in de-dollarization. >> The US tried to topple Putin by supporting Alexei Navalny. And now the Ukraine war to weaken Russia. * China (1) introduced the BRI in 2013 which helps many countries to develop and speed up the integration of Eurasia, (2) used non-dollar in oil trades with Iran and Russia, (3) introduced the CIPS, an alternative to the West’s SWIFT system which has been weaponized by America, (4) China’s economy and high technology are catching up fast. >> China has become the US’ #1 target. If a country supports the dollar, it’s being looted; if a country doesn’t support the dollar, the government is changed by the US. This is financial slavery. The Fed has printed 80% of all US dollars in existence since Jan 2020. There was $4.02 trillion dollars in circulation at the beginning of 2020. The number reached $20.08 trillion by Oct 2021. This amounted to an astronomical 30 trillions debt. Coupled with a global rising urge to diversify into non-dollar reserves caused by the US’ sanctions to 39 countries, the dollar is in a creditability crisis. This is the major development which shapes geopolitics in the world today. The US cannot have direct wars with Russia and China because they are nuclear armed. Proxy wars put the battlefields outside of the US, and the US would looked like an outsider. Remember in the 1980s, the US supported the Afghan Mujaheddin in a proxy war against the USSR. Russia and China have clearly defined their redlines. US would use its collaborators Zelensky and Tsai to push across the redlines to trigger the wars, and it would sell weapons to its allies in NATO and AUKUS, and get them to support the wars. After the dissolution of the USSR in 1991, US President Bill Clinton had two choices: (a) to integrate Russia into Europe and abolish NATO, OR, (b) to slowly alienate Russia to keep Russia and Europe divided. Clinton chose the latter, because if there’s no more Russia “threat”, there would be no more NATO to control Europe. As the first NATO Secretary General, Lionel Ismay described the military role of NATO: “To keep America IN, to keep Russia OUT, to keep Germany (Europe) DOWN”. NATO also allows the US to place missiles in Europe, so if a war break out in Europe, missiles would be flying between Moscow the East and Lisbon in the West, while the US remains safe across the Atlantic. And politically, the EU is an American creation, as much as a European one. It’s much easier for Washington to control ruling elites at Brussels than having to control all politicians in Europe. The EU is used an ally or a sacrificial depending on the geopolitical needs of Washington. The proxy war in Ukraine: 1.Divided Europe from Russia and divided Eurasia. 2.Killed Nord Stream II gas pipeline and German firm Energie Baden-Wuerttemberg has signed up for gas from America Venture Global LNG for 20 years. The US gained control over energy supply to Europe. 3.Created continuity for the Military Industrial Complex after pulling out of Afghanistan. 4.Most importantly, the war strengthened the dollar. Dollar against Euro is now the highest since NATO's bombing of Yugoslavia in Mar 1999 (happened two months after the official launch of Euro as the currency of the EU, which threatened the dollar). A strong dollar together with the Fed’s interest rise in 2022 cause capitals from all over the world to flow into the US’ economy, while collapsing other economies, like Sri Lanka. Else where,A month after ignoring Biden’s demand to increase oil production, secretary-general of OPEC, Mohammad Barkindo died unexpectedly on July 6 2022. The US isn’t relinquishing its privilege to loot. Remember after WW II, Europe and Asia were devastated, but the US emerged as the world leader and the dollar became the world’s reserve currency.

[@mamajojoful]

Brilliant analysis, thank you! Yes, the US deliberately damaged the Nord stream pipelines I'm guessing...as all dying hegemonies do, they are going to raid and plunder as they sense the illusion of the Dollar based system is about to be exposed. A sorry craven scramble for more capital and like an resigned addict!

[@bondgabebond4907]

So this is a war against the dollar?

[@chakravarthivrangarajan9616]

In a nut shell: The Universal Currency printing works all thru the year and its Defense industry ensures miltary primacy,well matched by a diplomacy that keeps the globe in a state of Flux. Further.... USA with its tech leadership, remains unassailable.

[@SportZFan4L1fe]

@@williamsharp2532 No. The BRI is building Infrastructure that allows for Commerce in developing countries to Flourish and this rapidly increases Economic development. Whereas the US Hegemony is based on Bombing infrastructure to Intimidate and force developing countries to follow US orders and allow US to loot resources from Developing countries. Chinas BRI is a Win-Win for those involved whereas the US is the only Winner in it's hegemonic endeavors.

[@chesmeb3238]

Amazing Analysis..

[@wvhunter5749]

As the Ruble outperforms everything.

[@UniqueBreakfastTaco]

i was told by leftys that russia economy has been destroyed XD

[@selvammaniamawasi697]

It's Karma, when one has bad intentions to destroy another country economy by imposing sanctions, Karma Strikes. Remember Jesus saying You shall reap what you sow.🤣

[@calicojackrackham9233]

I appreciate independent international news. It's just not available in N. America. Good on you.

[@TheB657]

Thank God Rishi Sunak was not elected during this crisis 🙏 Else the West would have more leverage on blaming "Indians" and not just the person who was responsible for this. Thanks to the Conservative Party for having selected one of your own. That is best for your Future too. Best of Luck ! 👍

[@BharatkaEkBeta]

Absolutely that's exactly how they would have played it.

[@charlesking6476]

Ayy tanks man

[@chandanece8662]

Yea that's true lol

[@kubhlaikhan2015]

One of our own what?

[@lancerevo9747]

@@kubhlaikhan2015 this doesn't concern Mongols, Kublai.

[@rsk_st1294]

When you give too much importance to thieves than honest people. This is bound to happen. Every global thief is now a UK resident.

[@edwingan1988]

The queen saw this coming and bid farewell

[@johnlesoudeur3653]

Yes her arm was dropping off with all that waving over the years...a metaphor for the UK. But it was drowning not waving.

[@taniakeen4375]

I really do think so, if she was getting fatigue from the vaccine and saw Johnson then miss truss I think she called it a day, her heart ache from her lonely funeral of her husband. My grandmother called it a day when she retired at 76, she told me to phone my Dad and uncle and said she had had a good full life, next morning she was gone in her sleep.

[@wangjim5839]

Sending off one clown and welcoming in another, two clowns on the same day proved too much for her!

[@hajicamara5755]

100/ is true, she left before shame comes upon the country.

[@arlarl7176]

The queen died when she got the gas bill for Windsor castle.

[@salmaagha8339]

Dollar is also dropping but people don't realize it......

[@zakjuly6721]

Dollar is pegged to oil , like Russian rouble , so does not matter , UK pound is not a reserve Currency like Dollar ,

[@UniqueBreakfastTaco]

@@zakjuly6721 used to be...some countries ditched the petrodollar for rubles.

[@mohammedaky5476]

Dollar will crash soon

[@bowlregard9894]

The dollar is rising against the pound and the euro. By this measure and others the US is in better shape than the UK and EU who are suffering much more than Americans.

[@tomaspskers1576]

@@mohammedaky5476 nah

[@dennwren]

Yes, Boris started it but Truss has pulled us to a new level of poverty

[@dipankarpal8054]

She is "leased trash" not Lizz Truss 🤣

[@dennwren]

@@dipankarpal8054 brilliant - I shall be using this name from now on

[@dipankarpal8054]

@@dennwren Don't do that, she might Jail you!!! 😀 Russophobia has driven her crazy, her plans have backfired for disregarding the prophecy of Rishi 🙏. Hell hath no Fury like a Rishi (hermit) scorned!! 😀

[@squirepraggerstope3591]

MOST STUPID COMMENT YET. Well done. Plumbing the depths of such transuranic density must require effort

[@UltimateBargains]

"Today's problems are a result of yesterday's solutions." -- Thomas Sowell

[@nowisgodinyourlovelylife717]

Was the expansion of NATO to the east a good idea? Trap cold war America and Russia testing their forces on European battlefield

[@stephenboyd4934]

@@nowisgodinyourlovelylife717 and here's me think & remembering they said WW3 would be in Africa ?

[@nowisgodinyourlovelylife717]

@@stephenboyd4934 there's not much to destroy in Africa to compared with and enough people, besides is far away from Russia The peace between Russia and Europe should have been the main priority of Europeans and do only business with US. But US wanted to dictate the world

[@johnadam2885]

The key reason for this economic and currency crisis is NATO expansion and confrontation with Russia. It triggered the energy crisis which then set off a chain of economic difficulties. Yet, they are enthusiastic about spending money on Ukraine. The government has the most ardent Ukraine supporters in the whole of Europe. Unbelievable.

[@whaikuratuhaka7029]

The IMF is now trapping the trappers

[@JSavage101]

It's not a ShytCoin - it's the British Pound. 🤣🤣🤣

[@tomaspskers1576]

well atleast with ruble you can wipe your arse at this point, but pound still has its value

[@PieceOfSource]

@@tomaspskers1576 nice cope here m8. ruble performance is outstanding actually, go look it up, even MSM acknowledges the fact.

[@tomaspskers1576]

@@PieceOfSource nah, ruble is sh*t, i use it as a toilet paper, and besides who cares, everything in russia is getting expensive so it's not helping.

[@frozenking3500]

@@tomaspskers1576 Ruble is the best performing currency of 2022 , it is on even higher value than it was in 2014 sanctions helped so much

[@tomaspskers1576]

@@frozenking3500 dude !!!!!!!!!! Are you listening, it doesn't matter, cause everything in russia is getting more expensive, and this ruble performance is making even worse for normal people to live in russia.

[@Svetlana_Zakirova]

I’m Russian and I find it so much fun!

[@s9ka972]

Indian 🇮🇳 here . Same feeling .

[@subhamViswakarma5925]

🤣🤣🤣

[@anolbhattacherjee3721]

I remember the irony when IMF/World Bank would ask developing countries to tighten their belts and cut public services to qualify for IMF/WB loans. I suppose that rich countries that provide these loans do not follow their own prescription for poorer countries.

[@dewangdoye4583]

IMF /World Bank is controlled by USA 🇺🇸 so it's harm to Humanity

[@TheB657]

Never knew that even such a sheepish thing was happening. Thanks for the informative comment.

[@seymorefact4333]

🇪🇺🇬🇧 only following USA masters orders!

[@kubhlaikhan2015]

On the contrary. Britaiin has taken IMF bailouts before and had to impose austerity on ordinary people as a result. It isn't "rich countries" that lend money to "developing" countries - it is, and has always been, the international banking system that lends and the terms are always austerity.

[@nanhinting7447]

Agree absolutely. Why was austerity measures not demanded on Britain? White men's double standard again?

[@daisuke6072]

I don't want to intrude on another country's grief, but I had a feeling looking at Ms Truss she had a big mouth and big ideas but unfortunately as is often the case a small brain to go with them. Like her predecessor. She will let Ukraine fight to the last Ukrainian and Britain sink to the last Briton. I feel for British with the abysmal leaders they are getting.

[@stephen4121]

yup few years ago was saying "damn fancy having to choose between Trump and Biden, surely they can do better". Now slightly envious

[@asimian8500]

Liz Truss chose for one of the most if not the most important position, the Chancellor of the Exchequer, a person not based on qualifications, competency, and merit, but solely on race: Kwasi Kwarteng ...Making financial bets against the Pound and the UK would be a wise and rational decision.

[@zakjuly6721]

That is so true , everything Rishi warned Kwasi on was ignored !

[@magnacarta9364]

He's very qualified having done a qualification on the tourism & leisure industry lol, plus he is black.

[@putianren]

@@zakjuly6721 He is not BLACK enough. HAHA

[@terencefranks1688]

.... unfortunately,we don't have a wise and rational government now ! ......

[@Mr_Stranger2124]

@@magnacarta9364 He is Asian not black, can't you see that.

[@savvy.1]

UK pounded their pound trying to rubble Russian Ruble.

[@Svetlana_Zakirova]

В России поговорка такая есть: не рой другому яму - сам в неё попадёшь.

[@hughw2377]

The problem is the UK relies heavily on imports so its a huge issue now

[@lancerevo9747]

I was an avid reader of encyclopedia Britannica when I was a kid in the 90s, and back then the UK was a manufacturing behemoth. How did it get to this?

[@shivrajghatage2240]

@@lancerevo9747 china captured that market with cheap goods

[@shirishshukla3163]

What was Rishi sunak saying during the debates. It's all coming true.

[@barrieskotaya-ostojic8837]

The issue is that Rishi is Indian and wasn’t White. Saving the PM post with those of the Anglo race trumps saving the Pound

[@selvammaniamawasi697]

If I see Sunak I will put sweet laddo in his mouth for telling the truth.🤣

[@coscinaippogrifo]

@@barrieskotaya-ostojic8837 With due respect, I don't think that was the issue, I think the issue was that he would have implemented a much more tightening financial policy. He is an excellent economist and also a gentleman that hasn't rushed to comment the situation right now.

[@terasci5102]

The British public are taking a heavy pounding from this government!

[@uraniume796]

Cutting tax during inflation is like pouring gasoline to fire. This is gonna get worse.

[@stephen4121]

yeah is schizoid that you have the BoE raising interest rates because there is too much money in the system and then treasury announcing massive tax cuts because apparently we need more money to stimulate the economy. Though guess higher interest rates benefits those with all the capital and tax cuts also benefit those with all the capital...

[@UniqueBreakfastTaco]

ok commie

[@dipankarpal8054]

Those who voted Lizz are going to live on "lease" forever. 😂

[@surendr3645]

The voters knew they were voting for the one who knew less about managing an economy yet, under unfluence of the crown and c..of england, they forsake their own and party's future.

[@michaelc318]

This is not lize fault us wall street look at there dollar. This is all down to this putin war with the cost of fuel end off

[@ivanho7268]

They didn't think they are messing things up, They were already in the mess and sadly most reckon it is likely to get worst than they anticipated.

[@ShashaTe]

If it was rishi sunak in her place, the pound wouldn't be in this state. Clearly they rejected a meritious standford graduate against a self inflicted enthusiastic Briton candidate just on basis of racism

[@johnlesoudeur3653]

He was poor at steering the economy of the country.

[@UniqueBreakfastTaco]

not racism. he's an import. has no loyalty to briton

[@christee9590]

No, Sunak was spend, spend, spend, Truss inherited an economy in a dire state.

[@jackrulz08]

This is what happens when you handover govt to someone based on race and color . Rishi Sunak already said this during debates but it was like banging drums on deaf hears

[@madikerirahman3201]

And religion.

[@focus2166]

So...your suggesting that the issue is racial..., and not fiscal ?

[@jackrulz08]

@@focus2166 both if some people kept their racial mindset aside and choose Rishi based on his credibility… things would have been definitely better

[@lengvang2977]

Let the uk suffer. Stay woke.

[@gabry1346]

The miracles of political correct 👏. Unbelievable.

[@bitsbobs8613]

In the uk we are not paying extra £5 to fill up we are paying double

[@robertmccoy9323]

Limits to risk are being revealed. Energy costs in Britain are killing them. Until that is addressed, the UK government has very few options on stimulating their economy, and this recent episode of a bond/currency crises has made that abundently clear. take care rwmccoy

[@aikibaby]

Their psychopathic “sanctions” against Russia are killing them. Their warmongering cruelty and stupidity are killing them.

[@rsb5575]

London bridge is falling down, falling down....... London bridge is falling down, falling down....oh my fair lady!

[@hoshifuyo4494]

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[@hoshifuyo4494]

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[@emmanuelchikwendu5492]

​@@hoshifuyo4494 Wow!!!, This is super awesome. I'm willing to start saving properly or at least have a good investment. Please tell me more about it. I'm an amateur investor, i have 2 IRAs, I do not like the cookie cutter responses from; Fidelity, Vanguard Schwab, etc 7%-9% year on average. How do you invest?

[@hoshifuyo4494]

My portfolio is very much diversified, so it's not like i have a particular fund i invest in, plus i don't do that by myself. I follow the trades of WINONA ALETHEA LIVINGSTON. She is a popular broker you might have heard of. I can correctly say she's worth her salt as a financial adviser, as her diversification skills are top notch. I say so because i see that in her results, as my portfolio grows by averages of 10 to 15% on a monthly basis.

[@emmanuelchikwendu5492]

​@@hoshifuyo4494 By following trades, do you mean copying her trades, as it is done in etoro? Are you giving her your money or the money says in your account? I have heard about copying trades but have not looked into it. But i have an idea of what it is.

[@hoshifuyo4494]

Yeah exactly. My money stays right in my account. It's all programmatic, plus it's relatively much easier to set up and connect my accounts, than creating a financial plan and drafting investment strategies myself. My account just mirrors her trades in realtime.

[@spsparhar]

Pound will be pounded by Liza to powder

[@tomaspskers1576]

pound will still exist for many many many years, just bad times currently

[@terencefranks1688]

..... along with the British nation .....

[@samuroadventure1227]

Is that related to the effect of a boomerang from the sanction against Russia? Because if it is, what was the point of doing so!

[@terencefranks1688]

.... that was all just about the UK (US vassal),attempting to please it's US master ! .....

[@huoyeh4319]

BRAVO UK !!!!! IMF issues a rare & stinging rebuke to the UK.

[@greekguytalks]

now the Russians can go on a shopping spree.....

[@rajavishnuvardhana6830]

Rishi had said it before the election itself 🤣🤣

[@NONAME-kw3pu]

what is going to happen... is going to happen... is happening. no matter who is at the helm? ICEBERG DEAD AHEAD!!!!!!! BIG SHIP, small rudder... ship made for luxury cruising the ocean, not fast course corrections

[@batman_who_laughs_]

Lazy Truss was a big mistake

[@starlight122012]

Funny enough that majority of the country DID NOT get to vote on this. The UK is not a democracy it has system which allowed only 81,000 people to vote who should be the next PM instead of a General Election.

[@tomaspskers1576]

and she doesn't give a f about your opinion

[@shymaldas2429]

That is good 😊 news. The nation of Shopkeepers is losing to the.nation of Pirate's and Robbers.

[@nochops1781]

30 mins after this article was posted. The pound is up 1% against the dollar on the day. The Euro is level.

[@markpage7196]

Because of BoE intervention in bonds market (which is itself another disaster).

[@paris2993]

That's some naughty caption there😁

[@wangjim5839]

One week into the job, Truss - spectacular PM, spectacular performance!

[@dilipchaudhary5804]

That’s karma! Living a luxury life by snatching from others won’t last long.

[@kdott9476]

Obviously the government should lower taxes, provide trillions in oligarch subsidies, and lower worker wages.

[@campervan-john]

Looks like thats her plan

[@josephback-upaccount6116]

Government SHOULD lower taxes and shrink itself by 50% as Government is an overhead on the economy. That and not sabotaging a peace deal between Ukraine and Russia would be a great start

[@Flickifi]

Hear, Hear.

[@wayneque2101]

More than 4% there millions of illegal immigrants there now!!!!

[@sumitriyal4343]

Britain people elected very dumb prime minister🤣🤣🤣🤣

[@amyritchie4490]

That Pound to USD exchange rate joke got me good.

[@younglee-segredo831]

i'm definitely in the depression level of the market and economic cycle.

[@elizabethangus6628]

@@younglee-segredo831 The worst is temporary. DCA if you can, my portfolio is positive from consistently DCAing.

[@philipvincent3342]

@@elizabethangus6628 _I am a project manager and my personal portfolio of approximately $550k took a big hit in April due to the crash. I quickly got in touch with a financial planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $120k since then.>

[@jorjabertie3466]

@@philipvincent3342 How can one find a verifiable financial advisor, I buy the idea of employing their services because finding that balance between spending and investing/saving requires counsel.

[@philipvincent3342]

@@jorjabertie3466 _The advisor I use is Cintra V. Bedassie, she's actually quite known, so you could just search her.>

[@eddieyeoh4098]

Liz Truss says it’s all worth it to keep borrowing to fund Ukraine!! 🤣🤣 She is applying A Level fiscal policies!! 😂😂 The whole of Europe is f…ed!!

[@hanswust6972]

Great! The Pound takes a pounding. 🤣🤣🤣

[@divyavardhan9653]

Rishi Sunak was straight and to the point that there cannot be tax cuts and it would backfire. UK lost a gem due to his skin! Now Liss Truss making the graphs dance

[@terryhollands2794]

The world is heading to war.

[@pookiewookie7679]

I doubt it. The west and MSM media would love that. Putin is way too smart for that. Plus Russia just for got bigger so they already achieved most of their goals

[@gustavvanderwesthuizen6173]

I don't think so the West is to cowardly for that(for now), gen Z is stupid enough to cause a ww though. So we have about 10-15years before shit hits the fan time to immigrate to a a self sufficient country in South America that's probably the only place that will stay out of the war and not starve to death.

[@solade2727]

💯

[@whaikuratuhaka7029]

I get my Dopemine Rush when I see the West slide further down the rabbit hole

[@anirudhsilverking5761]

@@williamsharp2532 Yes, because the West is the champion of Human Rights. Tell me what happened to Julian Assange?

[@christee9590]

Ready to rise like a phoenix completely renewed.

[@Flickifi]

Zelensky is not happy. The value of aid and back handers given to him by the UK is now worth a lot less.

[@rajeshbhanjan783]

Yeah, a lesson for everybody, never make a comedian as a leader of a country or he will be a disaster for his country and will be a headache for the world.

[@qhuizatlantis8484]

Love the caption got me laughing LOL

[@marlinpruett8343]

"being Americas Enemy might be dangerous, being its Friend is fatal"

[@stephenboyd4934]

Lol funny as feck

[@anshukumar5948]

United Snakes 🐍 of Amrika

[@TrueMithrandir]

bingo!!!!

[@cavaleermountaineer3839]

How exactly is British incompetence even vaguely related to Fed rate hikes? If you have your shyt together it shouldn't bother you at all. It's only the free-loader and outright poor countries that a strong dollar affects.

[@cavaleermountaineer3839]

@@TrueMithrandir How do you figure, Jason? I missed the order from America telling Truss to ruin her already shaky economy. Maybe you saw it.

[@marconifreeman233]

The western countries bad political decisions collapsing

[@tombown9960]

Self inflicted, lift the damn sanctions, pull out of nato, get troops home to protect our border

[@ReynoldsJer]

I remember what the media wrote about the ruble.. In the first week of the war.. Smfh

[@hbc511]

This is beautiful. Luv it.

[@thulomanchay]

Britons should listen to the Lady and the Snake story told by Trump.

[@davidwong1848]

Now who is on it Knees 🇬🇧 🤣🤣🤣😂

[@hasanamir132]

Keep on pounding guys Pound Pound N pound till got tired

[@tarunk8014]

Lol.. that title 😂😂

[@ivicacaric8423]

Deja vu!

[@stephenstephenson8349]

liz truss pounds citizens as she won't suffer the consequences for any of her actions.

[@johnerichoare7732]

It is past the time the British Union of Northern Ireland, Wales, Scotland, and England ran and owned their energy Company and ALL the domestic Utilities as they used to in years past. Without investing in foreign input and Without Ofgem. Those who held the foreign companies are in the red, which is as they should be, out of business. The British must not invest in foreign Utilities but those owned and operated by British companies as a now independent British Union without the European Union. Britain has the strength to succeed and must not currently be carrying foreign-owned Utility companies. John Eric Hoare, British Brexiteer and British Deep seamen.

[@nkunapatrick]

Cutting tax rates is an inflationary policy. The UK already is suffering from inflation, and they've just put in place additional measures to boost inflation even further, negating the recent interest rate hike. This is incompetence at its best. Kwasi Kwarteng is conducting an economic experiment - his attempting to re-write economic theory.

[@rogerburn5132]

Kwasi. Should Not be in charge even to a corner shop. 😀😀

[@stephen4121]

However, if you have a ton of money higher interest rates are rather nice and if you have a ton of money tax cuts are rather nice. I'm sure some of it will trickle down to us plebs, the rich don't clean their own mansions

[@fuzzybobbles]

Imagine a world without governments. Imagine a world where humans live and are happy and work for the benefit of humanity.

[@bitsbobs8613]

I’d rather have a world without America , now imagine how nice that would be

[@VikramSingh4u]

The feeling from these European governments is more like Let it be, chaos that is.

[@Quincy_Morris]

There will always be weapons and the need to organize weapons for defense against evil as long as evil exists.

[@tinaforbes1059]

@@bitsbobs8613 Agreed 👍.

[@shymaldas2429]

Keep imagining.

[@meandshe1518]

The headline cracked me up. That aside it's sad that the UK has trended fascist with the speech and thought police flourishing.

[@keegan773]

Remember the hysterics from the so called experts when we voted for BREXIT. It didn’t take long for the market to recover. Just give this time for the hysterics to die down.

[@snehilsharma9147]

You know what I admit that I am really excited for these Golden Events that we are going to witness soon. Watching every britisher Die with hunger and probably will witness golden words in NATO when UK will ask for help. and our PM will say, 'if there is so much economic crisis in UK then why LIZ TRUSS hasn't died yet'. JAI HIND JAI BHARAT

[@kanishkmair2920]

Nobody follows such an anti approach to them today Such comment brings negativity against India

[@Iamalemonwhy]

If England wants to rise they have to invest more in STEM education and become a manufacturing based economy

[@user-xf5bh5le4q]

Competitive production needs cheap resources and energy. Where will all this come from? There are excellent meadows in Britain - graze the sheep because you killed the nuclear power industry.

[@Iamalemonwhy]

@@user-xf5bh5le4q they have to import resources from other countries and invest in green energy. But the government needs money for all this and a visionary leader. Rishi Sunak was that visionary leader. English didn't vote for him just because he is an Indian. They dig their own grave

[@christee9590]

@@Iamalemonwhy Sunak is a globalist that has no interest in Britain or its INDIGENOUS people. Would Indians be okay with a British migrant running their country, I think not, so why do antiwhite racists like yourself think indigenous British people should tolerate a foreigner running their nation? Sort out the caste system in your own country before you have the nerve to criticise the people of another nation.

[@user-xf5bh5le4q]

@@Iamalemonwhy Green energy costs 5 times more than traditional energy. Any product made using expensive energy is not competitive. But, if you convince everyone that this is necessary to save the planet, you can impose a carbon tax on the rest of the world. The West will lead the process and decide how much money to take from whom. This is the plan of the globalists. And it doesn't matter whether an Indian participates in its implementation or not. The plan failed because the financiers do not understand anything in engineering and do not want to understand. According to liberal concepts - if you paid - it should work. (Everyone knows - electricity is taken from the outlet).

[@finnmaceoin152]

Karma great to see the Brits going down

[@arjmobile5010]

BETTER TO SELL ASSETS IN UK AS EARLY AS POSSIBLE

[@TheClaudio7078]

That's what happens when you have clowns running the country

[@frontseated5983]

Great Britain must maintain its greatness by giving more weapons to Ukraine and extend its NHS benefits to Xinjiang residents since we are care so much about their welfare.

[@jaketan224]

why are you obsessed with Xinjiang??? does your evil country already a country during the Tang dynasty of ancient china??? does British already a country during that period??? let me tell you this evil western demons, xinjiang former leaders asked Tang dynasty of china to be the sole owner of Xinjiang.

[@giawou6615]

UK deserved this outcome. I wish to see further dive of Pound. Holding Venezuela gold, Foreign assets illeglly in the past few years. UK is a deserving a bloody nose,

[@kenharrison2670]

Thankyou Nigel Farrage

[@ganeshkumar-gt9wx]

British don't know simple economy. During the Pandemic it printed Lot's of money and gave to the public. Now again you're doing tax cut!!!. Economy is not your pet dog. Whenever you say stand up it won't stand. Economy is a Hungary wolf. If it is not having enough food. It would automatically bite you. Don't do politics on economy. Think about your county.

[@pookiewookie7679]

I love it. The whiny Brits can no longer keep blaming the EU for their disasters. I agree the EU has too much power, but honestly Britain is very poorly run

[@terencefranks1688]

.... both Britain & the EU are poorly run .....

[@schannks5018]

The UK needs an intelligent PM. Call for a vote of no confidence against the Liz Truss government. Get rid of clueless Liz and her career politicians before they cause irreparable damage to the country. #BringBackRishi

[@petersutton523]

Excellent. If Moodies and the IMF are pissed off Truss is doing the right things 💪👍

[@maranatha-lord-jesus6742]

"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." -John 3:16 God gave us his only son Jesus Christ who Lived a sinless Life then died on the cross to endure our punishment, he rose again on the 3rd day and is currently seated at the right hand of God the Father Almighty. We have all sinned against the Perfect and Holy God that gave us Life, we all deserve the Punishment of Hell for our sin/rebellion against him. We have all Broken the Moral Law in our Hearts, even if you don't believe in Jesus, or have never heard of him or the Law of Moses or the Bible, you are still sinful and on your way to Hell. But the GOOD News is that Jesus Christ took our sin upon himself by being Crucified and shed his Blood as payment for our Sins. He took our Punishment and gave us his reward of Eternal Life in Heaven Jesus is returning to Judge the world soon my Friends Please Repent and believe in his sacrifice and Love for you, believe in him as your Lord and Saviour, and you shall be saved. May God Bless you all

[@gustavvanderwesthuizen6173]

Thank you for spreading the message of hope❤️ I still think we have between 10-15years, and revelation is only starting to unfold. We should try and save as many souls as we can while we can. God bless you I hope someone who reads your comment finds God.

[@maranatha-lord-jesus6742]

@@gustavvanderwesthuizen6173 Hello my Friend Are you aware of God's prophetic timeline for humanity? Just curious Because once you understand God's timeline, you can understand where we are on that timeline God created the world and all that is in it in 7 days for a reason, it was a prophecy of God's plan for humanity 7000 years of existence on earth 2 Peter 3:8 says that one is as a thousands year for the lord 7 days of creation=7000 years of existence on earth God always uses symmetry We are in the year 2022 right now Jesus Christ rose from the dead in the year 30 A.D Thus, if you add 2000 years(2days) to 30 A.D, you will arrive at 2030 A.D Thus we only have 7 years till the beginning of the 7th Day my Friend The 7th day is the sabbath day, and it is the millennial reign of Christ on the earth after the Great Tribulation The Great Tribulation is 7 years long, thus, Jesus Christ will be coming within one year to Rapture his Faithful Bride to heaven We do not have 10 years, we don't have 5 years, and we don' t have 2 years. We have no longer than 1 year before the Rapture of the Church Revelation 1-4 is about the Church, then after that it is about Israel and the unbelieving world. Revelation 5-19 the Church of Christ is in Heaven We are going home soon my Friend, be ready and get your house in order God bless

[@charlesking6476]

& Satan so hated the world he gave us liz truss

[@indikart1]

Best background score yet for your updates. Well done Firstpost. Do care about the finishing touch on your videos in future too.

[@patricklee7537]

Yes, I agree 👍☺️😊💓💞💯

[@First4America]

Boris knew he was leaving a sinking ship....LOL

[@arjmobile5010]

UK PM IS INEFFICIENT

[@blaugranisto]

We need to stick it up to Putin and stand in solidarity with Ukraine! LOL this is pure comedy and I'm loving it! Thanks to BOE, my call options won me 10k in profits in one day alone hehe....oh before I forget, I'll do my best and chant "SLAVA UKRAINE" 🤣

[@Buzz-Of-Craze]

Reduce the huge electricity consumption at Buckingham Palace

[@ratnamsai3796]

UK and Germany are Doomed this Year.

[@phillipm9783]

When racism creeps back into party politics this is the result, the party members who voted out the parliament elected PM elected deserve all the praise

[@mfjf3916]

Shocking. .dreadful..

[@PrashanthDevarajNaidu]

I had expected this, UK is facing Karma for all the atrocities done during colonial rule.

[@flinch622]

Tax cuts "spooked"? Growth is a very good antidote to a host of problems. Mowing down capital with opressive tax policy in a time of need is not. This near parity situation is bizarre: the federal reserve is raising rates in the US, but... what is actually happening with money supply?

[@Starwarrior9831]

Cutting taxes means that Liz is issuing a huge amount of bonds to borrow even more money to fund her plans. Interest rates will rise and create a host of new problem for the common folks. I expect the Pound to retest its lows soon.

[@markelmslie6832]

Truss should resign! She's totally incompetent and an unelected prime minister who will never be elected as prime minister! Has she no shame?