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How The Blob Dumped Liz Truss
I now have a second source as to how they got rid of Liz Truss. There is a guy called Dougie Smith who is often described as a shadowy "fixer" or backroom operator at Conservative Campaign Headquarters (CCHQ). He worked for Cameron, May, and Johnson. Rishi Sunak was petrified of him.
According to Nadine Dorries he was the one adviser who could hire and fire anyone including a Prime Minister, according to an article in the Guardian. It also mentions he engaged in arranging sex parties for the wealthy, another source mentions his associations with high-society circles like the "Aspinalls poker set." These details contribute to his enigmatic, sometimes "Bond villain"-like reputation in Westminster commentary.
On Liz becoming Prime Minster 6 September 2022 one of her first decisions was to revoke Smith’s Number 10 pass. In a fit of pique Smith phoned up Andrew Bailey at the Bank of England. Chancellor Kwasi Kwarteng's "mini-budget" on 23 September 2022 saw tax cuts that would need £45 billion.
On 28 September 2022, the BoE announced a temporary emergency gilt purchase programme without Office For Budget Responsibility scrutiny. Gilt yields spiked dramatically and the Bank of England announced a temporary emergency gilt purchase programme, a form of targeted quantitative easing. This was researched using Grok.
You can see Bailey would have done this with glee. Quantitative Tightening (QT) — the active selling of gilts from its balance sheet to reduce the money supply was announced before the mini-budget. (Grok) Gilt yields are higher under Labour.
-10-year gilt yield under Liz were 4.4%–4.5%, under Labour 4.65% – 4.85%
-30 year 5%-5.2% under Liz and under Labour 5.4% to 5.7%
Andrew Bailey, the Governor of the Bank of England chaired the University of Cambridge branch of the socialist Fabian Society. How someone with such warped views ever gets to be Governor of the Bank of England is beyond me.
There is also a whiff of the Blob and the Globalists joining ranks, to stitch up someone who wanted lower taxes and less government. They would lose control.
Baroness Thatcher’s first budget designed by Lord Howe on 12 June 1979, saw tax cuts, balanced by increases in VAT. That fiscal year Exchequer receipts were £80 billion, eleven years later £200 million, accounting for inflation a real increase of 49%.
Liz was the nearest Prime Minister we had to Baroness Thatcher; she is a classical liberal. Losing control of the economy and ego was far more important to them, than serving in the best interests of the country.
theguardian.com/politics/2024/…
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