Who is bailing out who?

Let's get this straight - we are not bailing out the banks, we are not even bailing out the government - we (in the UK) are bailing out Gordon Brown's inestimable hubris and "reputation" as he struggles to deflect attention from his integral role in the shambles.

This bloke has been in effective control of the UK finances for 11 years, and it is simply unacceptable that he should pretend that it's all someone else's fault. Brown should be put on trial for criminal negligence; in fact, since there are doubtless now suicides attributable to recession failure, he and every one of the cabinet ministers over the past 11 years might as well be charged with corporate manslaughter.

The ongoing complete inability to explain what these toxic debts were secured upon is certainly criminal negligence. Do we own vast estates of property in the USA? If so, we might as well send over some our homeless to live in them.

Were these toxic assets bought by UK banks at $2/£1 In which case, are these 25% more valuable at $1.50? No one has a bloody clue - or at least if they do, they aren't telling us, which suggests that "they" don't want to tell us because the news is so awful.

As the economy continues to slide, so many more businesses and individuals become progressively less credit worthy. Hence the quaint idea that zero interest rates can slow down the procession to more bankruptcy and toxic loans - so it's too bad the banks are still charging 7% on very well-secured loans in order to keep their discredited managements in "away days" and bubbly.

Whatever else, we must follow the US and have an election ASAP so that we can flush out ALL the old failures and have a new administration that is not going to be so obviously obsessed with protecting its own arse, and burying its own bodies before anyone else can sniff them out.

A different approach

TMP is worried that everything we have predicted about the course of this wretched government and its assorted lackeys and acolytes turns out to be true, no matter how dire and improbable it may seem at the time the comments are made. It has started to concern us that this may be rather more than sheer prescience.

So let's see if the TMP "power" works, and that our predictions are indeed the cause of future events, not just a spookily accurate guess at the outcome. Here's the acid test of this power for today: we have identified what has become the most predictable "dead cert" of the week, and decided to turn it on its head. TMP fearlessly predicts that John Sergeant will at last get the boot from Strictly Come Dancing tomorrow (Sunday).

And if that works, we'll try out our power to affect the course of events on some more pressing matters facing the country (yes, there are more urgent matters than Strictly results, trust us.)

Gordon Brown lives in a cocoon of hubris, and his bullying nature prevents him from getting any useful input from those around, who he terrorises into subservient agreement; all the more so now that he believes in his own infallibity once again. Yet we have had plenty of evidence that Broon has no plan other than to shore up his own personal aggrandisement - perfectly enshrined in the phrase that must haunt him to his grave: "no more boom and bust".

If his new best mates on the world economic stage actually believed the old Caledonian fraud was speaking the truth and good sense, then how come they are all dumping our currency on such an alarming and epic scale? Thanks to the efforts of the dangerously misguided Mervyn King, the deeply flawed Gordon Brown and the generally inept Alistair Darling, the £ is now a mickey-mouse player in global economic terms. Why would would any sane country want to hold it?

The present slide in the value of the £ will have far more serious consequences than our one-eyed emperor imagines. We assume he's doing it so that his effort to raise the necessary £billions to fritter away on public spending will look cheaper at €1 to the £ than it did at €1.50. Brown's gamble with the entire national currency and inflation makes anything those naughty bankers managed with toxic loans seem like a viacarage whist drive.

So let's all pray that John Sergeant gets the hoof - then TMP can start to wield its awesome powers on more important issues.

Sterling Crisis

It is traditional that a Labour government will destroy the UK economy and drive the country into a full-blown sterling crisis. With new depths being plumbed on all fronts, surely it cannot be possible that anyone can be capable of voting for Gordon to have another 5 years to finish off the job?

Brown's claim that the UK was well placed to weather the financial storm have been proved (as most of us suspected) to be a complete pack of lies, although if he seriously believed what he was saying, his delusion is more terrifying than his dishonesty.

Why should any of the world's leaders now want to listen to more advice from this discredited old fraud? His 15 minutes on the world stage really ought to be all over by now.