"Firstly on the economy and what would happen if we actually left, the Leave campaign have said absolutely nothing to the British people and what they have said about leaving is fundamentally dishonest and it's dishonest about the cost of Europe.
And on the subject that they have veered towards, having lost the economic argument, of immigration, I think their campaign is verging on the squalid.
I am angry at the way the British people are being misled. This is much more important than a general election. This is going to affect people, their livelihoods, their future, for a very long time to come and if they are given honest straightforward facts and they decide to leave, then that is the decision the British people take.
But if they decide to leave on the basis of inaccurate information, inaccurate information known to be inaccurate, then I regard that as deceitful."
For those who aren't aware of what Major did or did not do during his time as premier, here's a little refresher:
John Major, who succeeded Nigel Lawson as chancellor in 1989, took the pound into the ERM. It went in at a rate of 2.95 marks, which most economists thought was too high. The inflationary effects of the post-unification boom caused the German Bundesbank to raise interest rates sharply at this time and they inflated to a record 8.75 percent in mid-1992.
Britain, shadowing the German currency, had, thus, to keep her own interest rates high. This, added to the fact that the economy was already paying the price of the predictably unsustainable 'Lawson boom' of the late 1980s, proved disastrous.
In 1992, Major and a dutiful Lamont were CATEGORIC in their assertions that the pound would stay in the ERM. They asked Bundesbank chief Helmut Schlesinger to help out by cutting German rates. He refused. The government put up interest rates to 10 to 12 and then to 15 percent to defend the pound, but as Lamont well knew, it was never going to work.
In the end the government threw in the towel and left the ERM. The amount of money spent defending the pound has never been fully revealed but Lamont acknowledged that many billions of pounds, the bulk of the country's foreign exchange reserves, had been wasted.
This shoddy episode in British history has come to be known as Black Wednesday.
Since retiring from politics, Major went on to become European Chairman of the Carlyle Group, (2001-2004) the most politically connected investment firm in the world. Directors, former Directors and shareholders of this corporate behemoth include both Bushes and Frank C. Carlucci, former US Defence Secretary and Deputy Director of the C.I.A.
At the time Carlucci was appointed to the Carlyle board, he held no less than 32 other seats on the board of top multinational companies. He also just happens to have been Donald Rumsfeld's room mate at Princeton.
Olivier Sarkozy (half-brother of the former President of France) has been the co-head and managing director of its global financial services division since March 2008.
James A. Baker III, Chief of Staff for Ronald Reagan and George Bush snr., former Treasury Secretary and a former Secretary of State, is also director; as are former President of The Philippines, Fidel Ramos; former South Korean Prime Minister, Park Taejoon; Thailand's former Prime minister, Anand Panyarachun; Saudi Prince Al-Walid; Colin Powell, George Bush jnr.'s first Secretary of State; Caspar Weinberger, former Defense Secretary; Richard Darman, former White House Budget Director; Madeleine Albright's daughter, Albright being another former Secretary of State; Karl Otto Poehl, former Bundesbank President and Henri Martre, who was the President of Aerospatiale.
And then there is Shafiq Bin Laden, Osama Bin Laden's half-brother, and several other members of this top Saudi Arabian family. Which is pretty interesting, don't you think?
Frank Carlucci was Carlyle's Director General from 1989 until 2003.
A 'Le Monde' exposé said this of him:
"Six days after officially quitting the Pentagon, January 6, 1989, Frank Carlucci became Carlyle's Director General. He brought trusted lieutenants from the CIA, the State Department, and the Defense Department with him.Colin Powell first came to prominence in US politics as Carlucci's assistant as National Security Advisor.
Nicknamed ’Mr. Clean’, (perhaps because of his involvement in the Iran-Contra affair, from which murky episode he is rumoured to have profited greatly) Frank Carlucci has a sulphurous reputation for alleged arms trafficking and questionable conduct, including the assassination of Patrice Lumumba while serving as number two at the American embassy in the Belgian Congo in 1961.
For a while he directed Wackenhut, a security company with a hateful reputation, implicated in one of the biggest espionage scandals ever, the hijacking of Promise software and the murder of its inventor."
Anyway, by the time Black Wednesday rolled around, the pound had fallen 15 percent against the mark and the financier, George Soros, whose predatory manoeuvres in the markets had exacerbated the situation markedly, nicked a billion or two off the British without raising a sweat as a result of Major's love affair with the ERM. Many British businesses failed as a result of the rise in interest rates and tens of thousands of British workers were made redundant. Soros is, along with Major, the British PM he took to the cleaners in 1992, a top shareholder in the Carlyle group.
In December 2002, three months before he took us to war with Iraq, Tony Blair's government completed the sell-off of a 33.8% stake in its defence research business, Qinetiq, an important arm of the Ministry of Defence. The firm was sold for just £42m to the Carlyle group.
By the time Blair's government puts the rest of the shares up for sale, in February 2006, Carlyle was looking to have made a profit, in just over two years, of around £370m.
And the Carlyle group's take on Brexit?
Pretty much the same as all the other multinationals, finance houses and other leading globalist constructs, I should imagine.
STAY IN OR ELSE!
'Squalid?' 'Deceitful?' 'Fundamentally dishonest?'
Know what you mean, Johnny.
That 'nice Mr. Major,' eh?
P.S. Brexit and Vote Leave!