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Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound
Election ‘Chaos’ In UK Could Trigger ‘Lehman Moment’ For Pound
- UK economy a ’timebomb' and will explode after election
- Telegraph warns of "Lehman moment" stemming from possible election chaos
- Currency traders view pound as being particularly vulnerable
- Latest data shows UK poised to slip into deflation for the first time since 1960
- Polls place Labour and Tories neck and neck as election looms
- Hung parliament may force either side to enter coalition with potentially disliked partners
- Outright majority for either side would also lead to further uncertainty
- Political uncertainty may impact sterling and UK assets
- UK has massive debt and vulnerable to Eurozone debt crisis

With the British general election due in just under two weeks on May 7, concerns are growing about the outlook for the UK pound after the election and the long term outlook of the UK economy due to the extremely high levels of debt - particularly in the private sector in the UK.
UK debt has continued to rise throughout the recovery and has soared to an eye-watering £1.48 trillion. In recent days, a slew of foreign exchange analysts have warned that the pound is vulnerable to falling in value.
London's Telegraph warned last week that election ‘chaos’ could lead to a "Lehman moment" for the pound. The pound has been in steady decline since July apparently due to traders pricing in uncertainty around the election. It is currently trading at $1.51, down from $1.71 in July.
The incumbent government have not reined in public and trade deficits and have been accused of juicing the property market and the economy to postpone a crisis until after the election. Indeed, the Guardian reports that the current account deficit "was the widest for more than 60 years in 2014".
This is under a Tory government. The deficits would likely have been worse under a Labour or coalition government.
To compound the problem, data for February and March show that the UK is on the verge of deflation for the first time in over 25 years.
There was 0% inflation in both months. It was expected that data for March would show negative growth. In the event, the data was neutral which led to what is likely to be a temporary bounce for the pound.
The Telegraph quoted Forex.com analyst Kathleen Brooks as saying “If you got a big shock, say -0.3pc, I think that would be when the panic stations would ring and then we’ll get into a real parabolic phase when you just see the pound drop like a stone.”
Gold’s hedging properties would then come into their own and this would be bullish for gold in pound terms, after a period of consolidation around the £800 per ounce level in recent months.
Election polls variously place both Labour and the Tories in the lead by a narrow margin. It looks likely that the UK is facing a hung parliament in May.
Under the British system only the party who gain 325 seats out of a total of 650 can form a government. Latest polls show that both the major parties are far short of the necessary majority.
A YouGov poll suggests both parties will have less than 290 seats and so concessions will have to be made with smaller parties to entice them into a coalition.
The same poll sees the Lib Dems gaining 53 seats which places them in the strongest position. Nick Clegg has indicated that he would enter into coalition with either major party and act as a buffer to protect against the excesses of either side.
In terms of seats the Scottish National Party are polling at 6 but at this point neither the Tories nor Labour appear willing to enter coalition with them with Cameron suggesting that the SNP would blackmail Labour if it formed a minority government with the SNP.
UKIP are polling well in terms of percentages although how it will translate into seats remains unclear. The YouGov poll sees UKIP with 13% of the vote. The two leading parties have around 35% while the LibDems score just 7%.
So UKIP are increasingly a force to be reckoned with. However, given that their policies are diametrically opposed to those of Labour and following a stream of defections from the Tories - and therefore posing a serious threat to the Conservatives - it seems certain that they will remain an opposition party.
Either way UKIP's mandate is strengthening and the potential for a "Brexit" from the EU is a growing one.
However, much could change in the interim period. In the event of a hung parliament the incumbent Prime Minister will remain in office while negotiations begin between the various power brokers.
As London's Independent explains,
"There is only one clear rule for forming a government in the hung Parliament, and even that is a loose one: the politician who can tell the Queen that he has a workable majority in the House of Commons is the one the Queen will authorise to form a government."
Time will tell how it all unfolds. In the mean time the uncertainty stemming from a hung-parliament and a potential minority government is likely to affect confidence in the pound and UK assets as investors defer making decisions until Britain's status within the EU, Scotland's status within the UK and the fiscal policies of the next government are clarified.
Ironically, an outright majority for either side would also cause uncertainty for the pound.
The pall of uncertainty that would hang over a Tory government as the country awaits the "Brexit" referendum could gravely undermine the pound. Miliband's more traditional Labour party is likely to exacerbate budget and current account deficits.
Albert Edwards, head of global strategy at investment bank Société Générale has warned that the current coalition government has left a legacy of “grotesquely wide deficits” in both the public sector finances and on the UK’s current account – its overall trading position with the rest of the world.
He says that the Lib Dem Tory coalition has left the UK economy ‘up to its eyeballs in macro manure’ by failing to cut deficit, sterling will suffer and that the UK economy is a “ticking timebomb”.
Given the fragile nature of the London property market, the UK economy and uncertainty regarding a Grexit and new Eurozone debt crisis, such high levels of uncertainty could not come at a worse time.
Given the interlinked nature of so many financial institutions a "Lehman moment" for the pound and the UK could lead to widespread contagion and quickly morph into a Lehman moment for the world.
When this is viewed in the context of the widespread risks to the financial system globally, it would be prudent for UK investors and investors globally to have an allocation to physical gold to hedge against these risks.
Breaking Gold News and Research Here
MARKET UPDATE
Today’s AM LBMA Gold Price was USD 1,192.15, EUR 1,097.49 and GBP 788.04 per ounce.
Yesterday’s AM LBMA Gold Price was USD 1,187.75, EUR 1,107.92 and GBP 792.31per ounce.
Gold climbed 0.67 percent or $7.90 and closed at $1,194.70 an ounce yesterday, while silver rose 0.63 percent or $0.10 closing at $15.89 an ounce.
Spot gold in Singapore was $1,194.35 an ounce near the end of day trading and fell slightly more in European trading.
Gold looks set for its third weekly drop in spite of more mixed U.S. economic data. The weekly losses have been very marginal but this is bearish technically. Gold's likely third lower weekly close and the poor technicals mean that gold looks likely to succumb to further weakness in the short term.
Gold is also marginally lower in euros and pounds this week. The short term trend is lower and momentum is a powerful thing.
The same is the case with silver which is heading for 2.6 per cent loss for the week. Contrarian investors see silver as great value below $16 per ounce and are buying the dip. We continue to see flows into silver while gold has seen mixed flows with some buying this week but nearly as much liquidations as some gold owners throw in the towel.
U.S. weekly unemployment claims rose more than expected to 295,000 in April, against an estimate of 288,000. U.S. new home sales for March were lower than the previous month at 481,000 below the forecast of 514,000 and 11.4 percent less than last month.
Potential ‘Grexit’ is still weighing on the markets and things appear to be getting worse between Greece and its creditors.
Greek Finance Minister Yanis Varoufakis was heavily criticised by his euro-area colleagues today amid mounting frustration at what they say is his refusal to deliver measures to fix his country’s economy and release financial aid, “three people familiar with the talks” told Bloomberg.
Greece offered further concessions today on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal done by June.
German Chancellor Angela Merkel commented yesterday that everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors, amid heightened concern that Greece is nearing the brink.
The Greek Prime Minister told Merkel that Greece has already done everything it can for the euro and eurozone and it was time for the eurozone partners to help Greece.
Investors have the U.S. Federal Open Market Committee meeting next week to try and gain more clues on the Fed’s much vaunted first interest rate hike in nearly ten years. Even a small interest rate will likely badly impact frothy risk assets such as bonds and stocks.
Gold could also be vulnerable in the short term but would benefit from renewed weakness in paper assets.
Chinese premiums are still above the global benchmark by $2. Although weaker than the prior session they show that Chinese demand remains robust. Sales from Akshaya Tritiya festival in India saw a 15 percent increase over the holiday.
Indian demand continues and looks set to be near the 1,000 metric tonnes again this year.
For now, markets are ignoring considerable geopolitical risk emanating from the Middle East and from tensions between the U.S. and Russia.
The Russian Defense Ministry said overnight that U.S. specialist troops were training Ukrainian forces in the conflict zone in eastern Ukraine. The Pentagon denied it, accusing Moscow of a "ridiculous attempt" to obscure its own activity in the region.
Interfax quoted Russian Defense Ministry spokesman Major General Igor Konashenkov as saying U.S. troops were training Ukrainian forces not only in western Ukraine "as Ukrainian TV channels show, but directly in the combat zone in the area of Mariupol, Severodonetsk, Artyomovsk and Volnovakha.”
This would appear to be an escalation and may result in deepening tensions and an intensification of the conflict.
In London in late morning trading gold for immediate delivery is at $1,191.64 an ounce or off 0.18%. Silver is down 0.16 percent at $15.86 and platinum is also down in U.S. dollars at $1,131.46 an ounce.
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If I borrow money that I have printed from myself, I don't have a problem. That's the same thing with national debts, and accumulated deficits.
No worries, here.
What the fuck difference does the election make?
It creates the utterly absurd illusion that "no information" voters have control of the thousand things that impact their lives. The black population think that "electing" a man---- with a name similar to Osama bin Laden-----who is somewhat black, will empower them. Make them more significant, ennobled and triumphant. Which you have to admit is a public relations coup of the first order.
Same with hitlery clinton, should she run and win a stint in the Oral Office, operating in the same chair her partner in power, the big dawg, did when he inserted a cigar into a 20 yr old's vagina and sucked on it, and screwed her and who knows what else, the behavior of animals which is fine in the right context, but from the chair of the person who has his stinky finger on the button of a nuclear holocaust potential is nothing if in really bad taste, so to speak. That image, if pasted on to a republican would have finished him in one day.
Most people would have such a nauseous reaction to that image that her election would be impossible. BUTT, the process of putting a false face to the world of our 'government', run by a few very powerful Jews, and a cabal of powerful investment bankers who own all the money in the world. can make any thing happen, and they do. None of which the clueless voters EVER wanted to happen, but must endure the consequences of, and then go back again in two or 4 years, and do it all over again, having learned nothing.
If one remembers that half the people in the United States are below average, this becomes a slam dunk for the manipulation of them. The other half are divided in ways that at least half of them are so involved in surviving, they don't bother to vote and of all of us, should but they too are like you and me who have had the epiphany that they can make no difference being a 25% minority.
We live in a theatrical production, while outside the election the real work of subjagation of the people goes on uninterrupted while the election distracts them like the fire in the trash can down the block from the bank while the Hedge fund managing Jews and oil-rich Arabs steal off in the night with all the money, power, and control of our lives.
I used to get furiously angry at all of it, now I just try to be amused.
The point being; it is another "selection", not "election". Save money and don't vote; if all did that, then they only voted for themselves, which is exactly what they do anyway...so what is actually new?
So what is new? All remains the same until it doesn't.
The UK picture is not being portrayed correctly in the mainstream media.
Sorry, this got a bit long.
The UK is a dead duck, kept alive by the criminals in the City of London because it suits Wall St.
The UK spent all its money and all its oil wealth, building a socialist paradise.
It refused to support the private sector and over-taxed everyone.
It built a huge public sector and promised them index-linked, full salary pensions.
It has been kept alive the past 5 years by foreign money seeking a safe haven. All of it going into London.
There is actually no shortage of good business ideas and hi-tech initiative in the UK, but the taxation system and the absolute useless small-thinking banking sector blocks all serious investment ideas.
There is a tiny hope that the private wealth sector could fund some new business ideas, but they are brainwashed into sitting in the financial markets or staying in property.
They get very good tax-breaks to do so.
They will lose big-time in the coming crash, and half the UK citizens will actually be quite pleased ...... maybe they got their wealth by nefarious means.
If you asked 100 bright young UK businesses what their dream would be, it would not be to build a new Google, Microsoft, Apple, Exxon.
It would be to sell out as soon as they could for a pile of money and be left alone to do their own little thing. 75 years of useless government can probably do that to you.
UK Parliament is chock-full of hopeless and misguided amateurs, and they select the government from the mediocre ones.
Cameron has not an original idea in his head, and assumes you can make something happen by a marketing push.
Milliband is a perpetual undergraduate (academic is way to strong a word for him). He presumes himself to be a deep thinker,
in the sense that ''what'll we do today, I know, lets eradicate poverty. Phew, I'm tired now, lets have lunch.''
They are so short of money now, that they are changing the tax collection system to accelerate payments.
They are using the courts system to fine anyone and everyone for the most minor misdemeanor.
Both Labour and Conservatives will sell off everything they can, from Labour and PFI (Private Financial Investments) in Schools, Hospitals etc. at ridiculous lease terms,
to the Tories and their wasteful infrastructure ideas like HS2 (High speed rail network to suckmmore business money into London).
For this coming election, the people want to see outsiders make progress, but the BBC does not want that.
They want a left-wing government to match their own global-warming, big public sector, rainbow immigration, touchy-feely ideas.
The public want out of Europe, but Cameron (Tory), Milliband (Labour), Clegg (Liberal Sociialists) are absolutely terrified of that outcome.
The public want all political decisions to be taken in UK, not in Brussels. Too late mate, already 'appened as they say in Londahn.
The very left wing, ie the most powerful unions who bankroll Milliband, have control over Labour leadership at present.
The very right wing split from the Conservatives and became UKIP.
The soft left and the liberals joined up together around 30 years ago, and were so woolly minded they couldn't even elect a single leader.
Basically they aren't tough enough to be in power; they tried a coalition with the Tories last time which could have been interesting but they blew it, and will not be forgiven in this election.
The Scottish Nationalists -who are not necessarily left-wing- managed to wake up the youth of Scotland just too late for the independence referendum, and are tipped to win almost every seat in Scotland. Their leadership is very left wing however, and are expected to give their vote to Labour in exchange for major independence type concessions.
They currently hold power in the Scottish Parliament.
They give the impression that they are responsible in government, at least Alex Salmond does in public. Maybe they are, but the want a big public sector and a nanny state.
They also don't really want independence, they want someone else to pay for everything.
They refused to take a new currency with independence, which meant they couldn't set interest rates, control inflation, or set international trade terms.
They could only tax thier own citizens to control their eceonomy, and were at the mercy of the Bank of England for everything else.
A hung parliament is expected -ie no one party has an overall majority. Like the Israeli parliament, and many others around the world, the smaller parties will get a disproportionate say in how any coalition government will work.
If any of the right of centre Labour MPs, or left of centre Conservative MPs had any talent whatsoever, they could form a central alliance with the Lib-Dems, and create a coaltion. Unfortunately there is not one personality to coalesce around.
The central offices of each of the major parties, and the unions and the London financial mafia have seen to it that every candidate is on-message and free of any independent thinking.
Farage and UKIP are trying to stay under the radar this election, and hope that people just vote for them in private.
He is not getting an unbiased press anywhere apart from maybe one national newspaper, and seems to have decided that no publicity, is good publicity.
UKIP won the recent UK European MEP elections, and frightened both the UK government, the Labour opposition and Lib-Dem to their cores. They took votes from all parties, all political persuasions, not just the right wing party.
If the two main parties are stuck in limbo, the probability is that Milliband will be able to form a majority with the Celtic fringe of SNP, Welsh, Sinn Fein, George Galloway and any Greens or non-aligned that get in.
The best scenario is that for a Labour coup immediately after the election that removes Milliband, Balls (FInancial Secretary), Hariet Harman and the other undemocratic busybodies in Labour's shadow cabinet.
Since Labour have always enjoyed scheming more than actually being in government, that is a possibility. Ken Livingstone did that to the Labour City leader in London 30 years ago, overnight and took control of Lodon councils.
If UK ends up with no-one in control, it might mean less government for 5 years (One of Cameron's first laws when he took power 5 years ago was to change the rule that the government can call a snap election anytime it chooses -ie when oposition parties are in disarray.
Yet another naive Cameron idea.) It is also likely to mean no referendum on leaving European Union, and no special privileges for the financial sector. It might mean more devolution to the regions, emboldening Celtic dissidence.
It will not mean lower taxes, and will not mean any brilliant initiatives.
It will probably mean a bigger, more wasteful Health Service, and a smaller military.
It will mean no overhaul of the pensions system which will eventually destroy all countries stupid enough to do what UK did decades ago.
It is also likely to result in the UK being first to go to a cash-free society to control all of the money and seize it at will.
At that point, if the legal system is going to become as corrupted as the US, the UK will have its civil war, the people against the state.
You mever know, the Queen might step in.
Good contribution, no idea why it was downvoted. Except that you portray the Scottish referendum result as being legitimate.
I also appreciate that long informative post. As to downvotes. There are establishment types who really believe the Meida projection of reality. Seeing truth makes them "down vote".
"It built a huge public sector and promised them index-linked, full salary pensions."
This quote of his is right on the money. Millions just watch telly and suck on beer cans, other screw and produce babies to up their child credit.
The worst part of modern UK is the total reliance on government sector jobs. Many parts outside London have majority government workers, like 55% in government 45% private sector. A system like that is almost like the USSR's failed communist experiment.
Chaos? What chaos? It's bloody rigged, like they all are.
UKIP will get a few seats at most, and those only in areas where Muslims can't stuff ballot boxes without attracting attention.
The big winner will be the Scottish Nats, whose main goal is to sell Scotland and what remains of the North Sea's oil to the Germans for a euro and a bottle of Buckfast. They'll make a deal with whatever big English party is most willing to help them do it.
The pound will be fine. No government in Westminster will stay in power long without doing the City's bidding.
Nothing to see, move along. Go back to worrying about Greece, where another Balkan war may start before the leaves fall in London.
This assumes the City is still globally significant. Its still the biggest or second biggest (to NY) depending on which market you look at but the Asian markets are growing. If you were a bank you'd be looking at a large levy to stay in a country that can no long afford to bail you out, and for HSBC and SC most of their profits are made abroad. They obviously want some kind of concession or they'd have just kept their review quiet, its posturing.
The £1.4 trillion is just the national debt. Including unfunded liabilities it's nearer to £5.5 trillion.
And to put that in perspective, if you'd spent a MILLION pounds (or dollars, or whatever) EVERY DAY since 0 A.D. you would STILL NOT have spent 1 trillion pounds (or dollars or whatever).
DavidC
last time i checked cable was 600 pips off it's recent lows against the dollar
i love albert what's his name from soc gen, but hasn't he been wrong for about a decade? is he the coming ice age guy? i can't be bothered to google it
the gbp is similar to the dollar in that by historical standards the macro backing it up isn't great
but by cleanest dirty shirt standards where else are you going to put your money?
sell pounds to buy what? usd? cad? aud? eur? jpy? nok? swissie?
EUR might not be a bad shout. Rather hold CHF too - and in fact do.
I guess adding another GBP 97 billion for a couple of Trident subs is just a drop in the ocean then.
I guess when some american trainers are shot we will know who is telling the truth.
watched a debate on bbc the other evening with 5 wannabe candidates;
Labour Party leader Ed Miiband,
Plaid Cymru Party leader Leanne Wood,
Green Party leader Natalie Bennett,
Scottish National Party leader Nicola Sturgeon,
and Ukip leader Nigel Farage
The only ones that made any sense or were the most ready to cooperate were the women.
Miliband came off as an arrogant, uncompromising buffoon. This guy's ignorance is palpable.
No one wanted to talk to Farage. It's like he had the plague. He was also not very impressive.
All smoke and no fire.
Probably the strongest showing was from Scottish National Party leader Nicola Sturgeon.
The Brits have got the same problem as the ussa and DE.
No leadership now and no hope for leadership after the elections.
It's a race to the bottom.
lol
This is rubbish, the Bank of England can QE and control its own policy just like the US and China, so is a safe bet. In addition, a fall in the pound will help British manufacturing exports.
There is a good point there! UK does have it's won currency and can do things no EU nation can. Having the ability to QE and to print is a huge short term help in a crisis. Long term, printing and QE has not been a proven savior.
BUT YES, the UK is not like Europe. Having the pound and the printing press is their short term life line.
"It was expected that data for March would show 'negative growth'" when you just can't bear to say economic decline or the economy is in the shitter. See Greer this week for more nonsence like this.
Nope. Telegraph Tory doommongering will come to nowt. Labour minority government and the same shit as happened over the last 2 decades.
Guy Fawkes sadly failed
Na na na na na na.
Our debt's bigger than your debt.
Om de suggestie uit de lucht te halen dat Klaveren geen troef meer is, moet BloemigeJeroen het volgende verhaal van netwerk Juncker aan het personeel van hotel GradjA ophangen.
http://www.volkskrant.nl/dossier-europese-unie/eurogroep-werkt-niet-aan-...
Slovenië vroeg zich openlijk af wat er gebeurt als Griekenland eenzijdig de contracten die gemaakt zijn in de ZeitGeist van het SCHULD=H00P-dogma gaat toetsen aan de 'Logica van de 1'. Varoufakis vond dat er 'enorme voortgang is geboekt' in het voorbereiden van de Griekse burger dat het huidige systeem op de schop moet.
http://www.ftm.nl/column/de-tweet-van-17-miljard-dollar/#comment-1023100425
Het Europees Verdrag is zodanig opgezet (het verbieden dat lidstaten elkaars schulden overnemen) dat de eurozone nu de gecontroleerde paradigmawisseling naar het systeem 'Leven en Laten Leven' mogelijk kan maken. Dit zat allemaal in plan 'A' en wanneer de andere MuntUnies hier problemen mee hebben dan mogen ze bij de absolute waarheid gaan klagen, omdat ze de 3e SpinozaGolf niet zagen aankomen.
Dat de overige ministers de opmerking van Varoufakis 'onbegrijpelijk' noemden, was natuurlijk weer een acteerkunst van jewelste.
http://www.nu.nl/zakelijk-opinie/4037787/we-gaan-weer-boeven-vangen.html
Netwerk Juncker krijgt ondertussen steeds meer last van de organisatie die ze zelf op poten hebben gezet. Gelukkig is 'waarheiddelen' een werkwoord en het fundament van de natuur zodat levende wezens zich kunnen handhaven in de evoluerende werkelijkheid. Om het systeem 'Leven en Laten Leven' in te voeren heeft het personeel van hotel GradjA heel iets slims bedacht. Namelijk een structuur ontwikkeld (DAB-systeem) die de samenwerking tussen ieder land en zijn burgers kan vergemakkelijken. Hier wil de VN echter nog niet aan en dus begint netwerk @SuperWil nu met ...
You can fuck off as well!
That's what happens when you are a coalition partner in NATO which is now designed to share the U.S. burden.In other words,the State Department has a plan to get everyone else in debt up to their eyeballs in order to support Victoria Whacko Nuland and all the other neo-cons from the Bush and Obama administrations who are still in power.Add up the failed wars.Afghanistan,Libya,Iraq and now they want a scorched earth policy in Ukraine on the border of Russia.Who in hell goes along with this crap?The U.S.,Canada and England even support a division of Ukrainian neo-nazis and Chechen rebels who are fighting there.The Chechen element has been responsible for school massacres and bombings in Moscow and may be linked to the recent murder in Russia of the opposition leader.That's why England is broke,they support a bunch of opium smoking nutcases in Washington.
https://www.google.com/search?q=chechen+terrorists+school&espv=2&biw=124...
These are the basturds that U.S. forces fought against in Afghanistan and now the CIA is turning a blind eye to them in Ukraine.
http://abcnews.go.com/Blotter/secret-battles-us-forces-chechen-terrorist...
The tribe will insure that their man Miliband gets in... that said, he will still be an improvement over Cameron.
Miliband got Parliament to back away from Obama's planned airstrikes on Syria, the ones justified by the fake "gas attacks" they blamed on Assad.
Hard to say what he'll do once in power, but most likely will continue to pattern the UK on Orwell's Oceania.
"The tribe will insure that their man Miliband gets in...that said, he will still be an improvement over Cameron"
unfortunately, it's the wrong Miliband.
as for him being an improvement over Cameron. they are about equal, only cameron is a bit faster on his feet Miliband always sounds like he is waiting for the teleprompter to tell him what to say or do.
Cameron is a jew, decended from slave owners. He's also a dead man walking, to lose one election may be regarded as a misfortune; to lose two looks like carelessness.
"Cameron is a jew,"
so is Milliband
Our hebrew masters are hedging their bets.
so who is the jew-el in the royal family?
When they had Lady Margaret, with her legs up in the air, that was a "no contest".
Nobody could sparkle like her. She was a foreign office liability and Pandora's box all on her own.
HSBC threatening to leave, Standard Chartered also thinking about it things are not looking good for the UK in the short and medium term.
It will always be a great place to buy a coffee and get your nails painted however.
i wonder how hsbc mafia will survive in china.
Conspiracy theorists? Call of Duty previews Black Ops 3 featuring bionic humans, robot warfare
In 2 words, fuck off.
I'd love to see a 'hung' parliament.
From a fuckin lamp post preferably.
I'd love to see a 'hung' parliament.
From a fuckin lamp post preferably.
And no doubt the queen would prefer to see a "well hung" parliament.
Fuck it.
I'm heating up popcorn, and I detest the stuff, and popping a Dr Pepper (aka Beer) to sit back and watch this shit show.
I've got a modest amount of silver, a shitload of .45 and .30, food up the ass, and about seven months worth of water.
LET THE GAMES BEGIN!!
Guy Fawkes was too early.
Guy Fawkes was a Utopian at heart, but They are going in the other direction and Britain isn't even close to being the worst. Their market clowns are as least as bad as our own, plus their market rules are even more opaque. Either they'll screw up the rest of the EU or vice versa....
So where has this come from? Supporting, training and arming terrorist outfits such as ISIS and the Ukrainian Nazis? Murdering civilians in Libya The bottomless pit of corruption known as Public-Private Partnership?