UK: State-Sponsored Recession?

oil refineries

As the UK was preparing to decide on whether or not to leave the European Union, the powers that be – the government, the International Monetary Fund, the ECB, the BofE and so on – were threatening economic disaster. We were threatened with recession if we voted to leave the EU, as supposedly our trade with Europe would fall and the rest of the world would turn their backs on us. This never materialised of course – we voted to leave and now nations all around the world are queuing up to trade with us, from Brazil to New Zealand to America, they all want a deal with Britain.

This is obviously a problem for the worldwide establishment, the Bilderberg elites, who wanted to make an example out of Britain for daring to challenge their cosy New World Order. Britain cannot be seen to be thriving as well as retaining their self-determination, or else this will also look attractive to other nations who may be contemplating going the same way. No, Britain must be punished for their audacity to wish to control their own affairs, but if this recession does not occur naturally then the world elite will be left with the proverbial egg on their collective faces. So, could they be willing to artificially engineer the conditions to bring about recession in the United Kingdom, simply to prove a point?

In answer to this question, let’s look at the recent evidence of the international hyenas in question. The IMF and the ECB have introduced crippling austerity in Greece against the will of the Greek people, literally killing them – suicides rose by more than 35% since the enacting of IMF/ECB austerity policies. The same IMF are about to enslave the Ukraine with more debt, by offering the troubled nation a seemingly attractive loan they will never be able to repay. The merchant bankers and their pals in the “inner circle” colluded in 2009 to rape the world economy for as much as they could, stealing pensions and ruining millions of lives in the process of crashing the market. Let’s face it, engineering a recession in the UK would be a matter of course for these people.

One way they could be doing this already is via the price of petrol. Petrol prices are so important to the health of an economy, as it affects not just the price we pay at the pump, but also the cost of everyday goods thanks to the massive distances products travel between production and shelf. The affects are twofold – If we are paying more for petrol for our everyday commute or our trips to the shops or whatever we do in our daily lives, we have less money to put into other parts of the economy, so demand reduces. This obviously affects the producers of goods, as lower demand means they must charge more for their goods to make up for a shrink in sales – a vicious circle as higher prices simply serve to lower demand even further. Furthermore, if the cost of petrol is low this should have a knock on effect on the price of goods. If the price dropped from the current £1.12 per litre to £0.80, the savings would be passed on to the consumer.

Whilst petrol prices are not particularly high in the UK in comparison to what we have seen at points of the last decade, they are unnaturally high in comparison to the price of crude oil. Crude oil is bought and sold in US dollars, but even a weaker pound against the dollar which we see at the moment does not explain the massive discrepancy between the price of petrol at the pump and the cost of crude oil at this moment in time. To show these irregularities, there is a graph below taken from an article in The Economist demonstrating the price of crude oil since 2009.

oil

The current price of crude oil is $40.67 per barrel, a whole $18.08 less than the average for 2009, the year of the global financial crash. However, this is clearly not being translated into savings at the pump. In January 2009, petrol costed on average £0.866 per litre in the UK, with diesel costing £0.987. Remember, this was when the price of crude oil was $58.75 a barrel. If we compare this with July 2016 figures, this is where we see the discrepancy. Unleaded petrol now costs £1.122 per litre, with diesel costing £1.127 – this is totally backwards, considering how low the price of crude oil really is. The discrepancy is too large to be accounted for by a weaker pound (something which is exaggerated anyway). Think about this: crude oil costs 30% less to buy now than it did in 2009, yet petrol is 29% more expensive now than in 2009 – if we use January 2009 prices as a basis for the correlation between oil prices and petrol prices, then petrol should cost no more than £0.60 per litre.

Consider this: In 2013 there were roughly 35 million cars on the road in the United Kingdom. Using some hypothetical figures, let’s say that each car is filled up with petrol once per fortnight and each fuel tank holds 51 litres (lower end of averages spectrum). This costs the UK population as a whole £4,362,540,000 every month in fuel. However, if petrol prices were what they should be based upon the price of crude oil, the UK population would only be paying £2,142,000,000 per month in fuel. That’s more than £2bn lost in disposable income lost from the UK economy every single month. Those are the sorts of figures that can trigger recession quite easily.

So, when the controlled media reports that ‘consumer confidence is down’ or that people have less money to spend ‘as a result of brexit’, perhaps they should be pointed towards the manipulated fuel prices, which clearly needs investigating. Why would the prices of fuel need to be so grossly out of proportion to the price of oil? Why are these oil companies not taking advantage of this drop in oil prices to undercut their competitors? It would be very suspicious behaviour if it was not so obvious – don’t forget the fact that the big players of all the major oil companies and petrol vendors attend the annual Bilderberg meeting alongside heads of state and the ‘kingmakers’ of western ‘democracy’.

The UK is heading for recession – that is impossible to deny – but the cause is not the non-financial decision of the British people to wish to control their own affairs, but rather a carefully crafted, subtle intervention by the world elite to punish the United Kingdom for their democratic choice.

JW.

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