Ukraine: Expect a new front from Belarus… [and the Russian army trying to take Kyiv yet again!]

Today there was announced that Belarus Armed Forces are joining hands with the Russian Armed Forces. These two nations are creating a Joint Regional Group of Forces. In February 2022 the Russian army entered through the Belorussian territories into Ukraine. The same should be seen again in a few days.

There are already reports of trains coming in from the Russian Federation entering Belarus. The Russian army would most likely be stationed in the Gomel Oblast. As they will be using border points entering into Kyiv Oblast and Chernihiv Oblast. This means we should expect a worry of missiles and heavy weaponry hitting around Tchernobyl. That has happened before in the war and it could easily happen again.

There should be expectation of huge front in-and-around Chernihiv. Just so the Russian-Belorussian armies can have two fronts on this side can easier access Kyiv again. This was something they tried to do in February in the supposed 3 day war. That’s the plan after the invasion plans in Kharkiv and Donbass regions isn’t going after plan. Neither is Crimea feeling safe any longer. That’s why the sabotage missions are hurting this annexed region too. Therefore, the Russian invasion is already becoming a massive failure and with huge losses. They have underestimated the Ukrainian will and strategical thinking to be able to regain territories across the Republic.

This is why the Russian Armed Forces together with the Belorussian allies are now returning. It has been speculated and intelligence on it. Because, the Ukrainian armed forces has already blown most of the bridges encircling the borders to Belarus. That’s for one reason – they have intelligence that Belarus would re-appear and be a consistent ally of the Russians.

That’s how I can see this coming. Today’s missiles and explosions across the Republic is just a warning from Kremlin. That’s the inevitable viciousness of the Russian invading forces. They have no idea or ideals of humanity. If they did, they wouldn’t only target random civilian targets and trying to break the will of the Ukrainian people. It seems like the Kremlin and Duma haven’t learned a single thing. They cannot break the Ukrainian people and will to defend their homeland. No matter what terror or tricks up your sleeve… the Ukrainian forces will find ways to defend itself.

Let us remember what was found in Bucha in the Kyiv oblast. There is no love lost between the Ukrainians and the invaders. They are not coming with the brotherhood, but violent sinister means of total power.

Expect Putin to have ordered that he wants to take Kyiv. Since the Kharkiv and Donbass is losing steam. Maybe this time he can actually enter Kyiv. So, that he can ensure the fall of the Ukrainian government. However, even if the Russian would enter Kyiv. We would anticipate the Ukrainian government to be run in Lviv or elsewhere where it would make sense. The Ukrainian forces and government isn’t the ones that is backing down.

The bombing and sabotage of bridges towards Belarus. Only shows how it is prepared for this. They are not naive and clueless. Instead, they are a few steps ahead. No one should be shocked if the Russians are trying to enter and create a new front. That’s what I am anticipating. Especially, after the Russian forces are coming on trains into Belarus. Peace.

Ukraine: OCHA – Humanitarian Coordinator Denise Brown condemns wave of deadly attacks on Ukraine today (10.10.2022)

Opinion: Lukashenko is Putin’s little minion

MINSK, 10 October (BelTA) – Belarus and Russia agreed to deploy a joint regional group of forces, Belarusian President Aleksandr Lukashenko said at a meeting on security matters, BelTA has learned. Aleksandr Lukashenko recalled that he had a one-on-one meeting with Russian President Vladimir Putin after the informal CIS summit in St. Petersburg. “Given the worsening of the situation on the western borders of the Union State, we agreed to deploy a regional group of forces of the Russian Federation and the Republic of Belarus. This complies with our documents. It says that if the threat level reaches the level as it is now, we begin to use the Union State group of forces. The basis (I have always said this) of this group is the army, the Armed Forces of the Republic of Belarus. I must inform you that the formation of this group has begun. It’s been going on for, I think, two days. I gave an order to start forming this group,” the Belarusian leader said. Aleksandr Lukashenko also noted that Russia cannot deal with another conflict now. “Last thing they need is another conflict. You know they have enough problems. Therefore, we should not expect a large number of the Armed Forces of the Russian Federation. But it will be more than one thousand people,” he said” (BelTA – ‘Lukashenko, Putin agree on deployment of joint regional group of forces’ 10.10.2022).

The Russian-Belorussian invasion of Ukraine started this year in February 2022. This was coordinated efforts and the Russian Armed Forces was stationed in Belarus before invading Ukraine. The Moscow-Minsk alliance has grown strong and Aleksandr Lukashenko needs Vladimir Putin. His is totally a crony and an ally. There is no self-reliance and the Belarus counterpart could just have been annexed by now. Since, Lukashenko likes to be humiliated and be servant of Putin.

The latest isn’t really that much of an escalation. When the Belarus has already been used to attack and be territories friendly for Russian Armed Forces. This was deliberate acts in the early start of the invasion in February, just to ensure the Russian invading forces was encircling most of the Ukrainian borders. Therefore, it is only more practical and even more established.

We know that Lukashenko has already been aiding and abetting the war. From now on it can easily be seen as a part of the war. Where it is waging war together with it’s Russian ally. This means the Russian-Belorussian invasion is very fitting, which I coined early in February. Well, the Belarus army at that time didn’t practically send forces or violate Ukrainian territories, but the same armies did train and help Russian Armed Forces to enter Ukraine from it’s territories. That’s being part of the war-effort and if Minsk didn’t allow it too happen. The Russian Army couldn’t have used these entry points to being with.

This is an addition for the Russian Armed Forces to get the Belarus Army on it’s side. Especially, since the warfare is going badly, the loss of territories and momentum. The Ukrainian forces are regaining territories, which are a big blow to Kremlin and Putin. He has annexed territories, which is places where his losing land on the regular. The maps of the annexed regions must be changing everyday and the struggle to keep up must be mind-boggling. So, to get a helping hand from the servant of Minsk must be a golden opportunity.

Lukashenko is only as powerful as his ally. He only has power and influence, because the Kremlin and Moscow has saved his office over the years. If it wasn’t for military support and influential expertise from Kremlin. Lukashenko wouldn’t still be in office or be a President for Life. He would just a lost one… that was proven in the last election and he was only saved by Putin.

So, because of the saving grace. His in the mercy of Putin. Putin knows this and can play Lukashenko all he wants. Since, he knows that Lukashenko needs Russia more than Russia needs Belarus. This a favour for a favour and in an hour of need. The Belorussian army is just entering in a moment of dire desperation. The Russian Armed Forces clearly needs a boost. What is more boosting than having a clear cut alliance on the front and getting Minsk to be its servant. In that way, your getting fresh trained recruits and able bodies for the war. Before, the Russians themselves are able to send the “mass-mobilized” forces from the rural areas of the Federation to the front in Ukraine.

Lukashenko knows this will backfire, but part of him knows he has no choice. He cannot just abide or aide the war. He got to be involved to still be an ally to Putin. That’s why his doing it and by doing so. His partaking in an unjust war just to save his own office. His possibly sending his own citizens to die in a war that wasn’t theirs to begin with. Peace.

Opinion: Suddenly Putin has respect for Ukraine…

Why did the Bolsheviks need to generously encourage any nationalist ambitions on the imperial periphery? Handing over territories and the population of historical Russia… the nationalists didn’t even dream of this. Ukraine has never had traditions of its own statehood… the Ukrainian state is built on denying everything that invites us, the historical memory of millions of people” (…) “Maidan did not bring democracy to Ukraine… after eight years the country is divided, Ukraine is living through a severe economic and social crisis. 15% of the population had to leave the country for work, usually for non-skilled labor” – President Vladimir Putin (21.02.2022).

I don’t know what is happening in Moscow, but President Vladimir Putin seems to have a change of heart. I have hard time believing it, but it is from official sources and been published from a speech today. It is only mere months ago in February 2022 that he launched the invasion and said Ukraine lacked statehood.

Now in early October and the Ukrainian Forces are advancing. As the annexation of territories are only done on paper. While the might Russian army are losing and lack moral. The mass mobilization is backfiring too. The Russians population in the right age have been fleeing and trying to get to safe pastures. Therefore, the speech is a way of suddenly showing solidarity, but I am not buying it.

Just read these few paragraphs of it:

There will be a separate plan for assistance to Donbass, Zaporozhye, and Kherson, of course. I already said this in my opening speech. It should be comprehensive, it should be combined not only with the development of infrastructure, which is obvious. The same also applies to sports infrastructure and medical care” (…) “Despite the current tragedy we have always had great respect for the Ukrainian people, Ukrainian culture, Ukrainian language and literature, and so on. And we have never permitted anything that is allowed in Ukraine in relation to Russian culture and the Russian language” (…) “We have three million Russian citizens of Ukrainian origin. We do not make any distinctions and are not going to make any distinctions between Russians and Ukrainians, but, while proceeding along our own constructive way, without any doubt, we will brush off everything that prevents us from moving forward. It is very important to arrange for the educational process in a way that has always been Russia’s pride and will remain so in the future” (Putin, 05.10.2022).

It is hard to believe that the same man in his War-Cry in February said Ukraine didn’t have culture or a statehood. He said it was a Bolsheviks mistake. Now, he says despite the current tragedy, that Russia has always had respect for Ukrainian people and their culture. That’s so out of touch with the messaging ahead of the 3 day war he launched months ago.

This shows that his sentiment has changed, because the reports from the front-lines are grim. The Russian army isn’t winning and he cannot even keep up with the realities on the ground. That’s why his losing steam and has to change his ways. Suddenly, he has to make it look it was friendly fire. When we have seen the massacres, torture and blind disregard for Ukrainians in general. We cannot forget Bucha or anywhere else where they found mass-graves, torture chambers and other facilities made in the occupied areas, which Russia resided just a while ago.

I cannot forget what he said in February that lingers on in my mind. That’s why the speech today about suddenly respecting Ukraine isn’t believable. It doesn’t feel legit or sincere. Only a way of words, because his armies are losing in Ukraine. If Russia was winning and gaining grounds. If Russia was terrorizing and brutalizing Ukraine. He would have boosted his own ego and not changed tune.

That’s why I don’t trust this Putin. President Putin doesn’t seem fair here. It seems just so coincidental that he says this now. After all the months, reports and addresses he has held. Putin knows what he has done and ordered. Therefore, these words aren’t a change of heart, but a way to make amends. Do I believe them? No, are these words intended for me? No. However, his still a bloodthirsty tyrant and if he had his way. He would have annihilated Ukraine as we know it. Peace.

Opinion: Truss isn’t appealing to the masses…

I’m ready to take the hard choices, you can trust me to do what it takes. The status quo is not an option” – Prime Minister Liz Truss (05.10.2022).

Today’s speech was a massive rant. The new Prime Minister Liz Truss clearly have a lot of weight on her shoulders and cannot contain her frustration. Nevertheless, this wasn’t a confidence boost or a speech for the ages. Instead, this will go down as an abysmal attack on the opposition and the ones who don’t see the world as she does.

Prime Minister Truss is in a peculiar position. She is inheriting 12 years of Tory government reign. The PM should be solid and granted to steam ahead with her majority. However, the recent “mini-budget” and “growth plan” has differed and practically destroyed that. It isn’t anything in sight of hope or better conditions. Instead, people should be worried what else she can do or reckless behaviour her cabinet can do in the future. Because, it is obvious that nothing is set or isn’t an option for further destruction.

Her speech wasn’t made with intension of unification or solidarity. No, it was boosting her own ego and position. That’s what it was all about. This was to galvanize the few that believes in her and her cause. She is changing everything, but has no hold in the 2019 manifesto or within the realms of her own party. That’s the gist of it all…

Prime Minister Truss is out of bound and withering away. She isn’t building up confidence or trust. The living wage crisis, energy crisis, the failing of the NHS and the prolonged agony of austerity measures aren’t making things better. In coordination with the damage of the “mini-budget” which is still felt by the way. It isn’t like it all went away and the financial markets are up and running. No, this has already hurt and will continue to be painful for many.

Her end is just fatiguing really: “We must stay the course. We are the only party with a clear plan to get Britain moving. We are the only party with the determination to deliver. Together we can unleash the full potential of our great country. That is how we will build a new Britain for a new era” (Truss, 05.10.2022).

It is just pointless sloganeering and not doing anything. Just like her promise to cut all “EU Red Tape” which is really amazing if it was true. Since her party is bound the Withdrawal Agreement and the stipulations in it. The Tories has signed off an agreement and has to honour that one. Therefore, there is certain aspects the Tories has to uphold and businesses, if they want to trade with the EU they just have to comply with. It can be different rules in the UK, but if they want to enter the Single Market of the EU. The UK businesses has to comply and follow the rules to get in. Therefore, I have hard time believing this. Just like UK citizens has to apply for VISA and be non-EU member at customs now. There is more hurdles and this wishy-washy words will not do anyone any good…

PM Truss continues where Boris left off. She is doing no good. She is really showing her incompetence. Her team isn’t helping her either. She speaks of taking Britain forward, forward to where exactly?

She has already taken one hard choice and that broke the camels back. That made the Bank of England reignite the markets and using funds to buy gilts. The pensions has been in jeopardy and the mortgage industry as well. While the people still has costly energy to pay for. It isn’t like Truss is coming with any sort of commendable solutions.

Alas, she will just be there and promise a better tomorrow. While not having anything to offer. Peace.

Opinion: Kwarteng’s change of heart…

What I am looking at is the growth plan and delivering what is a radical plan to drive growth in this country, to reduce taxes, to put more money that people earn in their pockets” (…) “No, we talked together, I said this is what I was minded to do and we decided together, we were in agreement that we wouldn’t proceed with the abolition of the rate” (…) “We can always have a debate about when we could’ve made the decision, but the important thing is we’ve made the decision and we can now move forward with making the push for the growth plan” – Chancellor Kwasi Kwarteng on BBC Breakfast (03.10.2022).

The Biscotti Mini-Budget launch of tax-cuts for the wealthy and the richest of the Kingdom has backfired. This has been seen with how it has destroyed the confidence in the Pound Stirling and the trouble it caused on the gilt market or in the mortgages market.

It doesn’t help that after the effect it, the Chancellor says: “We get it”. Well, the self-destruction and the losses are already been seen over the last few days. The Bank of England had to come in and salvage the gilt market. Because, the Chancellor and Prime Minister Liz Truss clearly didn’t get what they were doing.

The BDO United Kingdom analyst even wrote this about the Chancellor: “Kwasi Kwarteng is a strong ally of Truss’, and is broadly aligned with her stated economic policies, including on windfall taxes, raising income tax thresholds and reductions in Capital Gains Tax. As Chancellor, Kwasi Kwarteng will be taking on a Treasury under immense pressure, with Truss’ proposed sweeping tax cuts leaving large holes in the public finances. Historically he has been a proponent of low taxation and free markets, but when confronted with the growing calls for direct government intervention to support businesses and households through the current energy crisis, these leanings will be put to the test” (John Hickman – ‘What to expect from the new Prime Minister – Liz Truss’ 01.10.2022).

These words are the most true as they can be today. The Chancellor and Prime Minister did test the market, but that already has a huge cost. The implications of holding on and trying to give tax-cuts to the riches. Could either end up in a quick rebellion in the Tories party itself. The Tories MP could easily have sent enough letters to the 1922 Committee and end Truss reign quickly. That’s why they are backtracking now…

The policies are what these two actually believe in. Truss and Kwarteng did really think it was legit and was reasonable to do all of it. That’s why they held on and pushed the “growth plan” which was a short-trip to recession and a faster downturn. There are already ramifications for several of home-owners and companies holding on to the pensions. This will linger on and will not be settled by the change today.

The Tories are really at a cross-roads, because they will push for austerity, but also more perks for the wealthy. While the Tories will take away benefits and ensure less deficit in the budgets ahead. The Tories can act like this was one off, but we know it easily could come more like this.

Kwarteng and Truss has just showed what they are willing to do and risk. They risked the financial market, the mortgage industry and people’s pensions, just so the wealthy could get more in their pockets.

No one can trust these two, neither have confidence in their decisions or choices. Because, they just trying to cover the richest people and give them leeway, while the poor have to struggle even more. Peace.

Opinion: Truss and Kwarteng’s self-inflicted crisis…

Government policy has nothing to do with common sense” – Sir Humphrey Appleby (Yes, Minister).

I wrote earlier in the year that Truss could be the albatross, which the Collins Dictionary describes like this: “If you describe something or someone as an albatross around your neck, you mean that they cause you great problems from which you cannot escape, or they prevent you from doing what you want to do” (Collins Dictionary – ‘Albatross’). In the months time I wouldn’t consider to be proven right, but especially not in this way.

Liz Truss and her appointed Chancellor Kwasi Kwarteng has just within a weeks time announcing their biscotti mini-budget been able to destroy the value of the Pound Stirling, making mortgages expensive, getting the Bank of England to save pensions and gilts. The whole financial market turned into distress and uncertainty, which haven’t been at these levels in forever. Not even the COVID-19 Pandemic or the downturn of Brexit was as dire. Not like the United Kingdom or City of London was running smooth now. However, the latest moves of the Tories and the tax-cuts are hurting the economy. In such a manner, that the Prime Minister and Chancellor are doing this to themselves.

These two could do better, but they are pursuing it. They seemed not very concerned with the fall of value of the Pound Stirling, neither the actions of the Bank of England. The distress and uncertainties creating are being put on the consumer and the citizens. Their mortgages and pensions are in jeopardy. The rising payments in addition to the more cost of living, rising inflation and now destruction of the financial market is a horrific cocktail created by the Tories. It is all culminating because of the biscotti mini-budget.

That’s why this little treat is self-destructive. The Tories and the ones in-charge is clearly not caring or acting in accordances to the harm they are creating. They are the albatross and they don’t mind being so. Truss and Kwarteng is doing it, but willing playing along. Thinking this will boil over and it will make sense in November. However, the public will pay the price on the mortgages and the Bank of England is bailing out the government.

Truss and Kwarteng can gamble everything on the biscotti. They are willing to go on the limb and die on the hill of the rich. These two are willing to risk the financial markets so the rich gets more wealthy. Those two are now willing to risk the companies carrying the pensions, creating a possible housing crisis and that in addition to the inflation or affects created by the Brexit itself. There is already a downturn with austerity for 12 years, but not forgetting the financial market reaction to the Brexit too. Therefore, these two knew things wasn’t perfect or running smoothly. Even knowing that… they still are pushing tax-cuts for the rich and cutting benefits for the poor. They are doing the opposite of Robin Hood and hopes for glory. It is just disgusting… and should be called out for.

London is falling, the City is falling and no one is in-charge is ensuring a safe landing. It is really disgraceful the attitude and the acts of the Prime Minister and Chancellor. They are just showing arrogance and ignorance of the plights of the people. When they are ensuring more wealth for the wealthy and planning to cut more for the poorest. That is just how despicable these leaders are. While the prices are souring, inflation is growing and the pound is losing value making all imports more expensive.

Truss and Kwarteng are two albatrosses now. They are a problem and they are allowing themselves to be it too. That’s the role they are playing and they are not letting go. Peace.

Opinion: Putin’s deranged speech

I want the Kyiv authorities and their real masters in the West to hear me, so that everyone remembers this: people living in Lugansk and Donetsk, Kherson and Zaporozhye become our citizens forever. We call on the Kyiv regime to immediately cease fire, all hostilities, the war that it unleashed back in 2014, and return to the negotiating table. We are ready for this, it has been said more than once. But we will not discuss the choice of the people in Donetsk, Lugansk, Zaporozhye and Kherson, it has been made, Russia will not betray it. And today’s Kyiv authorities should treat this free will of the people with respect, and nothing else. This is the only way to peace” – President Vladimir Putin (30.09.2022).

Today was a supposed day of glory and greatness, but everyone know what it really is. The Russian President and his “Yes-Men” held a ceremony to takeover 4 oblasts from Ukraine, which they are not even able to occupy or annex with conventional force. That’s why Russian army is mobilizing at home, but plenty of people in the right age has fled to former USSR republics or even to other Russian friendly nations to avoid the call-up for arms and be part of the invasion of Ukraine.

President Putin who was supposed to be over the “Special Operation” months ago. A man who is seeing his armies being destroyed, depleted and loosing moral. A President who is trying to galvanize his troops and supporters. However, everyone must know that these “referendums” and “annexation” of oblasts are only to legitimizing escalation of war in Ukraine. Not like the Ukrainian people will see a difference, but the Russian population will. Because, his saying the people of the 4 oblasts belongs to Kremlin, Duma and the Russian Federation now!

Later Putin said this: “I want to emphasize once again that it is precisely in greed, in the intention to maintain its unlimited power, that there are the real reasons for the hybrid war that the “collective West” is waging against Russia. They do not wish us freedom, but they want to see us as a colony. They do not want equal cooperation, but robbery. They want to see us not as a free society, but as a crowd of soulless slaves. For them, a direct threat is our thought and philosophy, and therefore they encroach on our philosophers. Our culture and art are a danger to them, so they are trying to ban them. Our development and prosperity is also a threat to them – competition is growing. They don’t need Russia at all, we need it” (Putin, 30.09.2022).

It is really interesting that Putin blames the West. When it’s Putin and his nation that is waging war. Putin has ordered the invasion of Ukraine and blames the West over it. Calling everyone in the West soulless slaves, but he don’t want any dissent at home. Neither is there any sense of self-reflection into how his regime is running Russia. Therefore, it’s projecting on others, but we cannot forget that Putin wanted to annihilate Ukraine and erase it from history. His own words earlier in the war. So, Putin should reconsider his stance, but we know he wants all glory himself and doesn’t accept any push-backs. Because, how can he speak of freedom or liberty for that matter when people are arrested for protesting the war and some of them will be enlisted in army for doing so. The freedom of Russia is clearly not worth it.

He continues: “What I want to emphasize, emphasize: there is every reason to believe that the Western elites are not going to look for constructive ways out of the global food and energy crisis, which arose through their fault, precisely through their fault, as a result of their many years of policy long before our special military operation in Ukraine, in Donbass. They do not intend to solve the problems of injustice and inequality. There is a fear that they are ready to use other, familiar to them, recipes” (Putin, 30.09.2022).

It is really something else when he blames the West for everything. When his the one issuing the war and he wanted to use the energy as a bargain chip towards Europe. He is calling them liars, when Russia has been selling gas and petroleum to the West for so long now. That the European Nations are shifting suppliers and places to get that. Is by all means in the long run hurting Kremlin and Russia, as they cannot find as easy and accessible market for it. That’s why he has to blame the West over it. He is even pinning the food shortage and wheat exports of Ukraine on them, as if he haven’t blocked the ports, the seas and done what he could to stop it. That just shows what sort of imperialism he clings on to. He speaks of injustice and inequality, Putin should look into his regime and actions against his own citizens, but also the acts of brutality and crimes of war committed in Ukraine. It’s not like he can run away from the damage, the hurt and the pain he has put people through there.

He also says: “Dear friends! Today we are fighting for a just and free path, first of all for ourselves, for Russia, for diktat, despotism to remain forever in the past. I am convinced that countries and peoples understand that a policy based on the exclusivity of anyone, on the suppression of other cultures and peoples, is inherently criminal, that we must turn this shameful page. The collapse of Western hegemony that has begun is irreversible. And I repeat again: it will not be the same as before” (Putin, 30.09.2022).

Certainly, the prospects of what Putin is speaking off is untrue. The invasion of Ukraine has solidified the NATO and the European Union (EU). Yes, there are nations which isn’t totally in line like Hungary and Turkey, but most are in accord with the line of support of Ukraine. That’s why I don’t know what Putin is seeing in Moscow, but Brussels are most of time on the same page about this. The EU isn’t suppressing cultures, not like the Russian Federation planned to do to Ukraine. Therefore, the multi-cultural hegemony of the EU isn’t like the CSTO or Russian Federation itself. Who wants to annex and let the people forget the roots. Like what the Russians plans to do in the annexed regions of Ukraine. So, I don’t know where he got this nonsense from…

He ends with: “Behind us is the truth, behind us is Russia!” (Putin, 30.09.2022). As if this is a powerful statement. Surely the thousands of dead soldiers in Ukraine must wonder what the truth was and if Russia was behind them. Putin can speak like this, but the brutality of his war doesn’t change it. Russian Army should question who is behind it and what truth that it’s operating under. Because the reasoning for the conflict and war has changed. Now it’s all about the West and such, but not denazification. Neither is about taking over Kyiv in a short sweep, but that has all backfired. Certainly it is easier to pin others than being accountable and honest about the “Special Operation” itself.

Nevertheless, this just shows what sort of man Putin is. This is what his saying now and wanted to bash in glory for annexing Ukrainian territories, which he doesn’t even have control over. The occupation force is struggling and Russian people are fleeing the Federation itself. Not like this war has won many hearts, but it has shattered more.

Putin is trying to stand by his actions and make it seem more grand than it is. However, no one should believe him. If he was so great and the war was justified. Why are people fleeing his mobilization to take part in it? Your guess is as good as mine. Nevertheless, Putin will blame that on Brussels, Paris or Washington D.C. because that what he does now. Peace.

Fraud alert: UN warns the Ukrainian citizens and aid organizations about scam schemes using the name of the Ukraine Humanitarian Fund (29.09.2022)

Opinion: Is London falling?

Chancellor Kwasi Kwarteng met with members of the financial services sector. He reiterated the government’s commitment to fiscal sustainability & how the Medium-Term Fiscal plan, to be published 23 Nov, will set out a fully costed plan to get debt falling in the medium-term” (HM Treasury, 28.09.2022). .

We know that Brexit would have effects and change the liquidity and ability to get the financial markets connected to the City of London. The Tories has had power for the last twelve years. If anyone would know how things works and what matters. It is the Tories and their Ministers should know as much. However, the newest Prime Minister Liz Truss and Chancellor Kwasi Kwarteng seems unaware of a key component for the financial markets, which is “trust” and “stability”.

The Biscotti Mini-Budget is apparently ruining everything. The Bank of England has to buy bonds and gilts, saving businesses and the owners of pensions. If the Bank of England hadn’t stepped in they could have gone bust and things would have been even worse.

The Bank of England is even stating it like this: “As the Governor said in his statement on Monday, the Bank is monitoring developments in financial markets very closely in light of the significant repricing of UK and global financial assets. This repricing has become more significant in the past day – and it is particularly affecting long-dated UK government debt. Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability. This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy. In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for UK households and businesses” (Bank of England – ‘Bank of England announces gilt market operation’ 28.09.2022).

These aren’t the words of stability or trust. This is bailing out the government and the actions of the new Truss cabinet. The PM and Chancellor has in 22 days been able to get parts of the financial markets to its knees. Just imagine how quickly the new government under Truss has been able to not only loose the value of the British Pound, but also make pension funds insolvent. That’s done in the short time of three weeks. This is actually impressive and depressing.

It is about this time the Tories should be worried. Truss and Kwarteng is only starting their reign and they are already wrecking the economy. Not like the economy or the financial markets was in a good place to begin with. The City of London and financial market has been hit by the Brexit, COVID-19 Pandemic and the austerity over the years. It isn’t like they had a strong market or inherited a rising economy. The Tories had already slowly destroyed it, but the recent acts is their “Hail Mary”.

It doesn’t help that International Monetary Fund (IMF) says this: “IMF Statement on the UK (September 27, 2022) “We are closely monitoring recent economic developments in the UK and are engaged with the authorities. We understand that the sizable fiscal package announced aims at helping families and businesses deal with the energy shock and at boosting growth via tax cuts and supply measures. However, given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy. Furthermore, the nature of the UK measures will likely increase inequality. The November 23 budget will present an early opportunity for the UK government to consider ways to provide support that is more targeted and reevaluate the tax measures, especially those that benefit high income earners.”” (IMF, 27.09.2022).

When the IMF writes this and the Bank of England is bailing you out. The Chancellor and the Prime Minister should act. Not only pursuit the biscotti and thinks this is just a fluke. It is certainly a reaction to the tax-cuts, the additional decrease in domestic revenue and the possible “bulls-market” which it’s already creating.

The Tories should take this serious. This is a self-destructive and all to feed the rich. It is to give more incentives and add more personal wealth to the already wealthy. The Chancellor isn’t ensuring more capital drive or ensuring safety of the financial markets. No, his just giving the market more stress and concerns. You know your overboard and out of touch. When the Central Bank and the IMF has to take action. That’s compelling and say everything about the losses. This isn’t fun and games, but a dire reality, which seems over the heads of the current leadership.

Truss and Kwarteng has certainly a lot of work ahead of them. They have to initiate things fast and not wait to November. They cannot think the Bank of England will be their saviour or the IMF will be their buddy. No, this weight has to be carried by them and them alone. The Tories are the ones initiating the biscotti mini-budget and got to take the hit for it. Instead of creating more trust and stability. They are creating instability and insecurity in a fragile market, which wasn’t necessary, but that’s what they did. Peace.