Hey, kids! Oldies in suits just made everything you want more expensive!

Last Updated: June 21, 2023By Tags: , , , , , , , ,

Rishi Sunak: the richest man in the UK is the UK’s prime minister. He isn’t affected by inflation or interest rate rises – but he, his government, the Bank of England and businesses are all determined to make sure that you are. How long are you going to sit there and let them mess with you, because you’re “not interested in politics”?

Now do you get why politics should matter to you?

Today (June 21, 2023), we’re all being told that inflation has remained high despite promises from the rich old folk in suits that it would plummet down to more manageable levels.

The reason for this is being touted as high food prices, according to mainstream news outlets like the BBC (UK inflation shock as food costs keep cost of living high) – but this isn’t true. The real reasons are corporate greed and Brexit.

(I know it doesn’t help that the mainstream media keep misleading you. Their job is to distract you away from what’s really happening, of course.)

So the utility firms (energy and water) and the supermarkets are fleecing you by charging whatever they want for goods that they’re actually buying far more cheaply, and this is offsetting the increased costs of importing goods that was caused by Brexit (and the war in Ukraine, although that is a secondary issue now).

The response from the government and the Bank of England is to make everything even more expensive by increasing the cost of money. If you don’t understand how they do this, it’s by raising interest rates on borrowing.

Businesses borrow habitually – for investment, or to finance temporary deficits during hard times, or (as we have learned about the privatised water firms recently) because they are diverting all the money they make into dividends for their shareholders and top executives.

Raising interest rates means the amount they will have to pay back to their lender of choice increases, meaning they have less spending money. Normally this creates a knock-on effect in which they stop buying the goods they need (because they can’t afford them), forcing the suppliers to reduce their prices in order to make sales. As inflation is all about price rises, this means inflation falls.

But that’s not happening at the moment because businesses are simply factoring the interest rate hikes into their pricing structures – they’re passing those rises on to you, the customer.

The result is that prices continue to rise, so inflation remains high.

The economist Richard Murphy explains what has happened in a useful Twitter thread. First, he tells us that the reasons we are being given for inflation are not true:

So inflation is not being caused by influences outside the control of the UK’s politicians and businesspeople. Mr Murphy continues:

Trade unionist Howard Beckett agrees with this, and adds to it usefully:

They’re allowed to do this because our politicians let them. The government could cap prices, but doesn’t want to. Is it because our MPs and their political parties are receiving weighty donations from the businesspeople?

Here’s Mr Murphy again:

So he agrees with This Writer (or more accurately, I agree with him – he’s the expert).

If you’re asking how this has anything to do with you, here comes the bombshell:


The bottom line is that not only have you been deprived of the cash to buy the things that make life worth living (due to cuts that mean your pay is at 2005 – or even 2000 – levels while prices have surged) but you are also now expected to cover the increased prices demanded by the profiteers and the interest rate-setting banks from what is left.

Those are political choices.

Politicians whose own salaries (plus the afore-mentioned corporate donations) mean they aren’t affected by these decisions have used high inflation to take your money away from you.

The reason is simple:

They don’t want you to have any money.

Money provides security, and the lack of it means the lack of security. And an insecure person is controllable; you’ll do whatever you think you must, in order to survive. Right?

The ultimate aim – as This Site and others warned more than 10 years ago – is to put you in a permanent cycle of debt. This provides the fatcats with a population who will work like dogs for peanuts while they reap massive profits. Happy days – for them. Misery for you.

The only way to prevent this is to get rid of the people who are inflicting it on you – and that means using your vote to shift the rot out of Parliament.

Ah, but you don’t vote, do you? You can’t be bothered with politics because it doesn’t affect you.

Take a look in your wallet. Take a look at your bank account. Do you have as much in either as you did last year?


Then politics does affect you. It doesn’t matter if you’re not interested in them; the oldies in the suits are definitely interested in you.

How badly are you going to let them mess up your life before you actually do something about it?

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  1. Grey Swans June 23, 2023 at 9:09 am - Reply

    Ageism is not the reason for inflation. The rich are all ages, mostly men in suits.

    • Mike Sivier June 23, 2023 at 12:10 pm - Reply

      Nobody’s saying ageism is the reason for inflation. But if you can find me a young person who is inflicting it on the rest of us, let me know.

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