Wealth preservation is the name of the game

money week end of britainBy chance the writer came across an update of a video, The End of Britain, which opened: “We are broke! . . . Escape is impossible . . . the social order will break down . . . As the crisis deepens . . . capital controls will be imposed . . . governments will raid the wealth of its own citizens.“ A shorter text version may be read here.

Historical instances of this were given and Greece was used as an example of what would lie ahead – presumably at the time of writing Cyprus’ uninsured bank deposit-holders had not been ‘raided’.

The problem is, allegedly, the size of the National Debt

  • not the banking system,
  • not allowing capital to fly put of the country
  • not promoting outsourcing and certainly not the huge loss of revenue due to of tax avoidance by rich individuals and corporations.

It was said to have risen remarkably – see graph – due to the Welfare State, which was designed for a population with 48 years as the average age of death.

money week video

This is said to be misleading – ‘rife with severely biased statistical techniques’ – or, as Francis Coppola explains: 

“They show the NOMINAL amount of debt – which means they take no account of inflation. It’s amazing what happens to your debt figures when you remove the effects of inflation” and this far less disturbing graph is shown on her blog.

It ends by taking us through the process of collapse which will follow a rise in interest rates which would mean that government borrowing would become far more expensive – and the raids would start:

money week video govt 2

What next?

The only concern shown was for the preservation of the reader’s ‘wealth’ . . . communities suffering cuts were not on their horizon. What was the point of this presentation?

Why did the normally restrained Money Week, which is backed by private investors including the late industrialist Lord Hanson, Baron Rothschild and Saudi Arabia’s Wafic Said, write this? It didn’t – it is the achievement of its marketing department, designed to motivate people to buy a subscription to their magazine, which will then protect them and tell them how to avoid the ‘looting’ of their wealth by government:

money week videowealth preserve wealth

The last word from Frances Coppola:

“I have to admit that it is certainly not beyond the bounds of possibility that UK savers could indeed suffer savings confiscation in a variety of ways. Indeed they already are, through negative real interest rates.

“Am I bothered? Probably not. I lose much less sleep over the prospect of savers losing their savings than I do over the prospect of ordinary people losing their jobs and their homes”

But some ‘ordinary’ people have savings . . .