[thread] on a “masterful deception” (we will come back to that at the end)
Just a comparison from history
There is an echo of numbers across the ages
The two numbers
350
And
38
You may already guess their contemporary relevance
But the story begins over a century ago
Just a comparison from history
There is an echo of numbers across the ages
The two numbers
350
And
38
You may already guess their contemporary relevance
But the story begins over a century ago
https://twitter.com/castlvillageman/status/1318972718650396675
“In the early days of the war in 1914, the government sought to raise 350 million pounds -- about 38 billion pounds today -- through the issuance of a War Loans, with 250 million pounds of that coming directly from the public. “
A reminder on that 350 million figure 
As Dominic reminds us
The important of the lie and the false promise on the red bus
The important of the lie and the false promise on the red bus
Anyway back to our historical story
“ The sale was heralded as a great success by the government and the press, with the reported over-subscription being hailed as a sign of patriotic fervor among the British people.”
“ Analysis of the ledgers of investors who purchased the 3.5 % War Loan showed that public demand only amounted to £91.1 million, a fact that, if disclosed, would have been “disastrous,” according to John Osborne, a part-time secretary to Governor Montagu Norman, writing in 1926”
“ Instead, BOE officials hatched a plan to cover up the shortfall, with the Chief Cashier Gordon Nairn, and his deputy, Ernest Harvey, buying the securities in their own names. The bonds were then held by the BOE.”
“ The deception was hidden by classifying the holdings as “Other Securities” on the bank’s balance sheet rather than as holdings of Government Securities -- a plan which John Maynard Keynes called a “masterful manipulation” in a secret 1915 memo to the Treasury.”
A reminder
Not only can Her Majesty’s Government produce any positive economic assessment of brexit benefit
It never mattered that they couldn’t
They now seek to hide the damage in the disaster of a pandemic
Not only can Her Majesty’s Government produce any positive economic assessment of brexit benefit
It never mattered that they couldn’t
They now seek to hide the damage in the disaster of a pandemic
“To the oblivious public, the sale was painted as nothing but a success. The Financial Times reported on Nov. 23, 1914, that the loan had been over-subscribed by 250 million pounds, and “still the applications are pouring in.”
And on the masterful deception of the current age
Kidding
I don’t think it’s masterful
It’s quit a sad pathetic con sold by desperate cheats, liars, frauds, fools, fantasists and racists
Warning: large sub-threads
Kidding
I don’t think it’s masterful
It’s quit a sad pathetic con sold by desperate cheats, liars, frauds, fools, fantasists and racists
Warning: large sub-threads
https://mobile.twitter.com/PandaScottish/status/1318807195954384897
coronavirus to mask brexit
Imagine doing that
Imagine being so shameless and desperate
I can’t
But sadly many not only can
But they are prepared to enable those who do
Imagine doing that
Imagine being so shameless and desperate
I can’t
But sadly many not only can
But they are prepared to enable those who do
https://twitter.com/PandaScottish/status/1316674767689330688
@threadreaderapp unroll please
That point where I altered a “masterful manipulation” to a “masterful deception”
Sorry Keynes
That’s the problem of not proof reading a thread and posting it on a slow laggy phone
Sorry Keynes
That’s the problem of not proof reading a thread and posting it on a slow laggy phone
Oh and also in terms of the EU and it’s over subscription
A reminder
Boris Johnson could not find a Big Ben bong
And his backing of the Bung a Bob for a Big Ben Bong was well to put it in his lying terms a “mightily” success
A reminder
Boris Johnson could not find a Big Ben bong
And his backing of the Bung a Bob for a Big Ben Bong was well to put it in his lying terms a “mightily” success
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