The billionaires are laughing all the way to the Bank…

Councillor Brian Silvester

Quantitative easing is the printing of money by the Government’s Central Bank.

The Bank of England’s money printing is set to hit £1 trillion over the next year due to the Lockdown and COVID.

A £Trillion is an eye watering one thousand £billion. That is the equivalent to half of the entire annual Gross Domestic Product of the UK. The Government’s huge debt will have to be paid back over many decades by our children and grandchildren.

The Government’s Central Bank sells bonds worth a £TRILLION, to fund the disastrous effect of the Lockdowns and COVID, and the commercial banks and rich people buy them.

The Government then purchases them back at a higher price, which causes inflation and an increase in prices for consumer goods, which disproportionately affect the poor.

The rich get richer and the poor get inflation.

The billionaires are laughing all the way to the Bank…

And the joke’s on you.

During the biggest self inflicted economic slump EVER, the really wealthy have never had it so good.

You would expect the so-called ‘opposition’ to be shouting about this gross inequality, in favour of those that are already the richest people in the world, from the rooftops, but the Labour Party and the other ‘opposition’ parties in Parliament are silent.

Why would that be?

We are living in a one party dictatorship.

Boris has no opposition worthy of the name.

Cllr. Brian Silvester
Candidate, Crewe West
Putting Crewe First

1 thought on “The billionaires are laughing all the way to the Bank…

  1. There are a couple of problems with this letter. The first may be down to timing, I don’t know when it was written so it may have been overtaken by events but a few days ago Keir Starmer announced a proposal for Covid recovery bonds aimed at ordinary small savers. And the Conservatives rubbished the idea – so there we are, a real Oppostion alternative which tries to do something to rebalance society.

    The second problem is his theme about the mega rich and their influence on the country. A very good point worth shouting about. But where was Mr. Silvester when Jeremy Hosking (the Kent based businessman worth over £375 million who keeps his private train collection in Crewe) was pumping vast amounts of money into political campaigns that he agreed with? A man with links to Crewe is basically trying to buy elections and what did the man behind “Putting Crewe First” have to say about it?

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