PREDICTIONS OR PROPAGANDA.

"There, they've said it again". Ever since Gordon Brown gave the Bank of England control of inflation, early into the disastrous Blair/Brown regime, has the economy been run according to the whims of politicians, with insatiable appetites for good news. From around the year 2000, we have been fed lie upon lie on how the  nation's finances were performing. There is nothing better for these dim politicians than to extol such misinformation to suit their own ends. It has to be obvious, that taxpayer GB was being mislead, otherwise, we would not be in the present predicament. The more sinister point that needs to be considered is, why do people believe politicians when they appear to give other institutions apparent authority over such decisions? When they, the Government, must have retained some control, via certain placements, particularly on the committee that sets interest rates. The lowering of these rates is so obviously a major cause of much of our financial ills.

Every month we get either good or bad news regarding inflation; something, that as a nation, is not totally under our control. Oil being a prime example, even our own production sells at the current world rate. On the other hand, income and taxes are, or should be, down to the Government, which needs to disregard any form of increases instigated by European Union directive.

Why then, do we waste our time trying to predict the unpredictable? Since it so often backfires, mainly due to reasons already outlined. The one area which does benefit, is the media, particularly television, and their limited news journalists. It's always a question of being 'damned if you do' and 'damned if you don't'. The BoE, plus endless economists, line up to give these dim reporters a view of the future, apparently without 'factoring in' the devastation that is going on currently in the Eurozone for example. Reporters naturally are not interested in the economy, just, hopefully, a sensational story. They rarely ask a mature question; normally they bask in some kind of ignorance, looking for an opportunity to point out that improvements had been predicted. The backward BBC is particularly adept at this approach.

DOES THE NATION THEREFORE PREFER PROPAGANDA?