{"id":63682,"date":"2022-10-04T06:38:22","date_gmt":"2022-10-04T11:38:22","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63682"},"modified":"2022-10-04T06:38:22","modified_gmt":"2022-10-04T11:38:22","slug":"is-the-united-kingdom-on-the-road-to-economic-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63682","title":{"rendered":"Is the United Kingdom on the Road to Economic Collapse?"},"content":{"rendered":"

Is the United Kingdom on the Road to Economic Collapse?<\/a><\/h3>\n

There\u2019s trouble across the pond and it\u2019s only going to get worse as winter quickly approaches.<\/p>\n

While it\u2019s most fashionable to talk about the dire economic situation currently taking place in the US, the situation in Europe is so much worse.<\/p>\n

There are talks of massive energy bill hikes and even the lights literally going out across Europe. This is the product of the toxic combination of a misguided sanctions war against Russia and Europe\u2019s decision to transition towards inefficient green energy sources.<\/p>\n

As a result, folks across the pond are going to be in for a rough winter.<\/p>\n

If you\u2019re an America, you should feel safe knowing that our situation could be much worse\u2026at least for now.<\/p>\n

Now for residents of the United Kingdom, that\u2019s a different story.<\/p>\n

The UK is now facing inflation levels that haven\u2019t been seen in decades. On top of that, energy and food prices have been soaring lately.<\/p>\n

Liz Truss, the UK\u2019s new prime minister, is now tasked with trying to get the country\u2019s economic house in order.<\/p>\n

Truss is currently proposing a plan to cut taxes (good), while raising spending (bad). It\u2019s basically a moderate form of Keynesianism, which does not resolve any of the UK\u2019s structural economic problems.<\/p>\n

Instead of cutting spending and red tape, while also getting the UK\u2019s monetary house in order, Truss\u2019s new economic proposal worsens the country\u2019s fiscal situation and will only further ignite inflation.<\/p>\n

What\u2019s taking place in the UK is not unique to the island. Most economies in the West are over-taxed, over-regulated, and feature central banks who have no regard for monetary restraint.<\/p>\n

It\u2019s small wonder why these countries are in such dire straits.<\/p>\n

Will the UK be one of the first high-profile victims of the economic doom spiral engulfing the West?<\/p>\n

Check out George Gammon\u2019s most recent video on why there\u2019s nothing but bad things coming to the island nation.<\/p>\n

P.S. \u2013 The West is experiencing an existential economic crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is the United Kingdom on the Road to Economic Collapse? There\u2019s trouble across the pond and it\u2019s only going to get worse as winter quickly approaches. While it\u2019s most fashionable to talk about the dire economic situation currently taking place in the US, the situation in Europe is so much worse. There are talks of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[150,236,281,13351,33229,820,2080],"class_list":["post-63682","post","type-post","status-publish","format-standard","hentry","category-economics","tag-collapse","tag-economic-collapse","tag-europe","tag-price-inflation","tag-rebel-capitalist","tag-uk","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63682"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63682\/revisions"}],"predecessor-version":[{"id":63683,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63682\/revisions\/63683"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}