Film maker Martin Durkin explains the full extent of the financial mess we are in: an estimated £4.8 trillion of national debt and counting. It’s so big that even if every home in the UK was sold it wouldn’t raise enough cash to pay it off.
Durkin argues that to put Britain back on track we need to radically rethink the role of the state, stop politicians spending money in our name and introduce, among other measures, flat taxes to make Britain’s economy boom again.
Comments
I see Tony Blair is issuing warnings to the Arab leaders concerning the so-called ‘Arab Spring’. He cites this and he goes on about that but nary a word about what some feel is the real issue; the worth of the dollar. For any who don’t know, Hussein was interested in abandoning the petrodollar and demanding that Iraq’s oil be bought only in Euros, raising the value of the Euro and lowering the value of the dollar. Ghaddafi went one better, proposing that he and other African countries create a new currency, the ‘gold dinar’, and insist that their oil be purchased using only those, thus potentially not so much threatening to lower the value of the dollar as its complete destruction. America’s poodle Tony Blair was happy enough to send British people off to die in Iraq to defend the American dollar, yet curiously there’s not a word about this I can see in his new book, ‘The Journey’. Funny, that.