The IMF, long noted for its less than perfect
forecasting and Moodys, again, being less than accurate on a number occasions,
have taken to the issuing of reports to denounce Chancellor Kwarteng. Which
is odd given the basis on which they are being critical could be used against
many nations, not least the USA, when it comes to poverty in an industrialised
nation. Or China. Where do we even start with that nation.
But no, it’s the UK that gets the kicking. Aided and abetted on the airwaves by all the usual suspects in the UK, largely people who don’t believe in democratic mandates. It’s clear the majority in support of the IMF are of similar mindset. Leaving the EU was a mistake. The people who voted Leave were stupid. The UK must be punished.
Funny how all these people in unelected posts, Lagarde ECB, von der Leyen EU, Kristalina Georgieva IMF, all think they know better than democratically elected and accountable people.
The cynical amongst us must have wondered what influence Ms Legarde used given she formerly was head if the IMF. I’m sure she left a good few anti UK place men and women behind to do her work.
A final thought is a comment made by Daniel McCloray posted in the Telegraph, “If ever there were proof of institutional overreach this is it, welcome to the unelected deities who hand out punishment to sovereign states if they don’t comply. How did we get here?” But we can't be surprised. The IMF, the EU and ECB have done this all before. Greece, Italy, Ireland et al.
If you let your people vote, just make sure they vote the right way. Or we will punish you. The message comes over loud and clear.
