Monday, 22 June 2026

Jeremy Corbyn notes policy vaccum in Andy Burnham s power grab as the Chinese century dawns

Andy Burnham has run as the anti dote to the Epstein linked Keir Starmer, as a champion of the ordinary people and businesses.

But no one knows what he really stands for or intends to do as PM.

The focus on personality, PR, spin and  lack of concrete policies is not a good sign, as Jeremy Corbyn notes.

https://www.theguardian.com/politics/live/2026/jun/20/keir-starmer-andy-burnham-labour-leadership-makerfield-byelection-uk-politics-latest-news

Given the UK s crushing national debt and interest payments, there is only one option to rescue the UK economy and that is to switch the UK s central bank from de facto the private issuance of money to sound money.

Whether a central bank itself is state or private is not as important as whether it grants  private banks the right to be the sole issuers of the legal currency via licences so ensuring all money is printed as debt with interest and not as free money without interest using single entry book keeping like China state central bank.

In 2010, I predicted China will boom and boom because it pritns money for free and 16 years later, I have been proven right.

Franz Hoermann explained the difference between single and double entry book keeping in an article in 2010 for Der Standard which I translated.

https://www.derstandard.at/story/1285200656759/banken-erfinden-geld-aus-luft

China has de facto also won the war against the USA waged via a proxy, Iran.

It is winning the AI race using its own, Huawei, chips.

It is powering its economy increasingly with nuclear power and RE.

Its militry industrial  and hi tech base has strong foundations.

But the basis of all this is the Chinese governments approach of giving free money to entrpreneurs and private businesses to build things profitbly.

If Albanians get hold of their country s central bank, they could also give every Albanian a sum of money to build a business linked to tourism first to attract foreign currency to pay for imports, for example, everyone could be given a million euros to build a hotel, a  cafe,  a vineyard etc unleashing the dynamism of private enterprise to make Albania prosperous again and limiting corruption.


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