Via His Grace (and do read the comments), we get a independent trader telling the BBC an unexpectedly frank bit of unvarnished truth. The reaction of the BBC staff at the end of that item is worth the price of admission alone.
The sentiment underlying this guy's fatalism is expressed admirably by Golem XIV:
Does anyone anywhere believe anything they are told, on any subject, by any government official, financial expert or banker? Beneath all the outright lies, hopeless spin and half truths there is a more fundamental and corrosive problem. WE DON’T BELIEVE YOU!The problem with the principle of 'When things get serious, you have to lie' is of course that there comes a time when people stop believing you. Even when you start telling the truth.
I think it's not far off the mark when I say that very few ordinary citizens have any faith in their leaders any more. Government, MPs, bankers, union leaders, the MSM. All of them have squandered their credibility. The common folk watch their evening news, watch these people make their statements, predictions and pronouncements and think 'Yeah, right'. That is how it's for me and mine, anyway. We draw our own conclusions. And those are miles, nay, galaxies apart from what we're told.
As Golem XIV writes, what none of the liars remembered is that lies can only be redeemed if there is an equally endless supply of credulity. And although we frequently lament the stupidity, cupidity and cowardice of ‘people’ even they have a finite supply of credulity. And it has been exhausted.
When the history of the first few decades of this, the 21st century ever gets written, that will be its main theme: They stopped believing, they lost faith.