“Pingdemic” in the UK, when “to benefit some, it harms others” – RT Videos

Tony Joseph 3 years ago 2 min read

Published:

3 ago 2021 17:14 GMT

In this episode of the Keizer Report, Max and Stacey comment on a BBC article on a report issued by the Public Accounts Committee of the British Parliament, which claims that the government’s response to the crisis has caused British taxpayers “some” significant financial risks”. . In the second part, Max and Stacey continue with James Howard Kunstler of Kunstler.com to talk about the fiftieth anniversary of the legal system.

The United Kingdom is experiencing a “pingdemic”, a play on the words between ‘pandemic’ and ‘ping’, the noise that mobile phones make when the British health system’s application alerts users that they are in any way. are close to a person who tested positive for Covid-19, forcing him to quarantine for ten days and thereby causing all kinds of disorders in the country’s workforce, and hence, in the production of various goods and services.

Stacey Herbert points out that “there are already about 10,000 workers in the British food sector who are being affected by this ‘pingdemic'” and that “there is no end to the problem, as even in a country like Australia, which has Outbreaks are happening, such as the complete closure of borders.”

“To benefit some, it harms others”, is a summary of Max Keizer, who recalls that the economy of the British country is not passing through its best and the national debt exceeds 100% of GDP. More is on the way.

“Now, after Brexit, the United Kingdom will no longer be able to pay off its debt in the huge laundry that has become the European Union,” the presenter says, indicating that it will be before the British government deposits all of its debt into the banking system. Like any other member country of the European Union Community bloc.

One of the negative effects of Brexit, says Max, is the relocation of many financial institutions to continental Europe, which make up the City of London. “The next time Moody’s and Standard & Poor’s meet to give the UK a credit rating, they will certainly drop it to Triple B.”