Fred Harrison describes how the reckless activities of property developers have left Spain in a state of economic collapse with growing poverty and no hope of recovery.
If we put up with a fundamental flaw in the foundations of our society, this must find its expression reflected in our knowledge. This in turn, would render us all vulnerable to danger. The fall-out from the Icelandic volcano illustrates my point.
Computer models used by the UK Meteorological Office projected the flow of the ash which resulted in a shut down of air traffic over Europe’s skies. Now, it turns out, the model was a construct of mathematicians disconnected from reality.
Five years ago the Bank of England invited the Met Office to participate in a joint exercise in modelling the real world. We now see how both the financial and weather forecasters don’t know what they are doing……
BRITAIN’S Rotten Parliament has now closed down so that the politicians can seek re-election and add yet further confusion to the economic mess. The last thing the voters should expect is clarity. Everybody’s doing the Pontius Pilate act – washing hands, blaming everyone else for the crucifixion of the Western economy. Alan Greenspan, the ex-Fed […]
2010: The Inquest by Fred Harrison The economic crisis that crushed Britain could have been avoided. Fred Harrison warned the Blair government in 1997 that house prices would peak in 2007. He alerted Gordon Brown – the Chancellor who became Prime Minister – that the housing crash would drive the economy into the depression of […]