Saddened! wrote:
What would happen if we just drew a line under everything and just wiped all Government debt?
Within sixity minutes of David Cameron announcing such a plan the US Federal Reserve would go into emergency session - along with representatives of several of the major trans-global investment banks, corporations etc., perhaps EU delegates, too.
Plans would be hatched for a phased, punitive crash of the UK economy.
Obama would be told to make Cameron "see sense".
Secret negotiations would be opened between Washington and - probably - Michael Gove. If the Tory Party is united behind Cameron they will look to co-opt Labour. Either way, the appointed candidate will be primed to begin preparations for civilian unrest (both the Met and the Army will have been contacted through similar back channels), which he is told, must be met with overwhelming force.
If Cameron refuses to budge, a replacement has been agreed upon and the necessary preparations have been made to prevent the population from hindering a Coup de'tat the first sign will be organised, wide-scale capital flight to the tune of billions.
Inflation will sky-rocket and within weeks it'll be like Russia under Yeltsin when a loaf cost the price of a passenger liner.
A vote of no-confidence would force Cameron and possibly the Tories out with Labour quickly ushered in.
Any hopes we might have will quickly be dashed when we realise the new leadership is actively co-operating with foreign asset strippers. At this point the populace will get rowdy and then discover precisely why our government has been investing heavily in urban counter-insurgency, surveillance, etc. for the past decade.
A bleak forecast from thereon. Although not as bleak as the scenario in which both the Tories and Labour refuse to play ball and the country is divvied up among neo-fascist groups - as happened in Yugoslavia...
