The UK is Not Prepared for a Prolonged Recession

Armstrong Economics Blog/Central Banks Re-Posted Nov 11, 2022 by Martin Armstrong

People are simply not prepared for a sharp economic downturn. The Money and Pensions Service conducted a poll in the UK in which it found around 25% of adults have under £100 in savings. The 3,000-person survey found that 17% reported having absolutely nothing set aside. Around 5% reportedly had under £50, while 4% had between £50 and £100.

The drastically increased cost of living has many living paycheck to paycheck. The Building Societies Association (BSA), as reported by the BBC, conducted a separate survey that found that 35% of people in the UK simply stopped saving due to inflation. Around 36% said they are already dipping into their savings accounts to pay the bills.

The Bank of England is anticipating a long recession ahead. The central bank sees economic conditions contracting through the first half of 2024. The central bank’s prediction of five consecutive quarters of contraction would mark the longest recession in UK history. The people have not experienced the full effects of this recession, and most are simply not prepared for what lies ahead.

Nigel Farage on Britain

Armstrong Economics Blog/BRITAIN Re-Posted Oct 29, 2022 by Martin Armstrong

Nigel Farage Gives His Perspective on New U.K Prime Minister Rishi Sunak

Posted originally on the conservative tree house on October 24, 2022 | Sundance 

As expected, the poster boy for the World Economic Forum’s climate change agenda, Rishi Sunak, has been selected and installed by the British Conservative Party to be the U.K Prime Minister.

Earlier today, U.K. Brexit leader Nigel Farage gave his opinion.  WATCH:


Boris Johnson Announces He Will Not Seek Prime Minister Role, sets up WEF Groomed Rishi Sunak to Take Leadership Position

Posted originally on the conservative tree house on October 23, 2022 | Sundance

The moves are so predictable… {See Here}… well, it would be funny if the consequences were not so severe.

With Prime Minister Liz Truss announcing her resignation there was considerable discussion of former PM Boris Johnson returning to run for the job.  However, as an outcome of his conversations with other “conservatives” in British politics, Johnson has withdrawn his name.  This sets up… wait for it…. the World Economic Forum’s groomed U.K. climate change “conservative” to take the job.  This stuff is so predictable, it’s beyond funny.

(Via CBS) – Former British Prime Minister Boris Johnson said in a statement Sunday that he would not seek the leadership of the Conservative Party, leaving former Treasury chief Rishi Sunak as the frontrunner to take over after Liz Truss hastily announced her exit last week, after just 45 days at the helm. (read more)

Prime Minister Rishi Sunak together with King Charles III….  What could possibly go wrong?  LOL

Sometimes people make fun of me for cementing my views in the reality of a big picture perspective.  I don’t care.  It’s not a conspiracy theory to see how the alignment of western leadership interests are shaped by the control of the people and institutions who manipulate the illusion of choice.

Liz Truss was dispatched because she dared, in the smallest way, to accept the reality of what created the ‘Build Back Better‘ U.K. economic crisis.  She was always going to be replaced by someone who was willing and able to retain their fullest devotion to the grand pretense.  That’s where Rishi Sunak steps in.  Please watch the video below, you’ll see:


Boris Johnson Statement:

It’s all connected folks…. all of it.

…They have one job!

Interview: Panic Cycle, Bank of England, Inflation, Increased Death Rate

Armstrong Economics Blog/Armstrong in the Media Re-Posted Oct 19, 2022 by Martin Armstrong

Click here to listen to my latest interview: “Panic Cycle, Bank of England, Inflation, Increased Death Rate”