http://www.moneyweek.com/endofbritainThis is the most alarming statement of the mess Gordon Brown has left this country in. It started with the Labour government in the 70s, the Thatcher government did little to stop it and the Blair/Brown government deliberately ensured that it is now accelerating out of control and it seems our goverment is letting it carry on as we are still borrowing then we are recieving.
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Nothing in any of that is 'news'. Either there's going to be a massive correction at some point in the future (read - global conflict killing about 80% of the world's population) or there isn't, and the turds at the top will continue to ensure they make it cosy for themselves whilst fucking over everyone else. Either way - nothing you, I, or anyone else can do about it. Stop worrying and get on with your lives, people.
See through the bullshit, people.
Let's look at the goverment's real achievements to warrant this debt.
1.Gordon Brown selling tonnes of medric gold at half the price of what it is today, he also stated how much he was going to sell and the date, unbelievable.
2. George Osbourne's 10 billion contribution to the IMF, two weeks later we enter recession.
3. The continuous foreign aid contributions to Countries like India whose economy is growing and no longer requires the aid. Argentina is another one, considering we are falling out with them over the Falklands.
4. CO2 mission targets that are currently driving manufactured industry jobs out of Britain and straight accross to the Far East. On average from 1997 100,000 industries have been lost every year.
5. The regulated burden on small and medium sized businesses that is preventing them from growing and employing more staff.
The frontbenchers (College kids) have no experience with the real world, none of them have run a business so how on earth do you expect the govement to run this Country properly when they are making stupid decisions like the listed above.
What worries me further is that we are borrowing more money than we are recieving. If carry on like this, our national debt will increase by 30% over the next 4 years which leaves a massive debt for us to pay back. So anytime now we will go back in recession but you will hear the Labour party attacking the coalition when they had no leg to stand on in the first place, due to their ridiculous economic policies between 1997-2010.
I have no hope with this goverment unless a real change happens and I don't mean voting Labour at the next election.
State spending is going up… our national debt is going up… and our interest payments are going up."
No matter whether it's Conservative, Liberal or Labour government, it is the economic story of the 20th Century, continuing on and on.
As Leroy says, it's the system that's at fault.
Nothing is going to change, because the influential politicians don't want change.
Not that they can do too much about it right now, the juggernaut's going downhill too fast to stop.
Sorry, Disco. Leroy and others are right.
It's just scaremongering bullsh!t to panic you into buying a subscription to their rag.
I think Solly has been the solid foundation of our team over the last two seasons, and our midfield, especially Stephens, after his wonder-strike, seem to be learning how to cut it in this league.
Oh, yes. And we no longer have a manufacturing industry as a result of politicians eagerness to disable the working classes of this country, exchanging our economy for one based on service and financial markets.
And we're all going to die anyway.
The Global economy is very damaging - how do you compete with countries who exploit their labour -you can't. The Conservatives want to create a cheap workforce, but it is the wrong path - they can never get it cheap enough - better we find a new path. No options should be dismissed.
One option is to become more protectionist and align ourselves with other countries that play by the same rules. This country is currently 60% self sufficient in food production, but could produce more than it needs. But the ideal would get back to a time where it mattered where something was made. Where you would buy British if you could. Maybe that is something we need to try to get back. If we did, we would make more and the country would recover.
Two examples of how Argentina has suffered and the continuing fallout:
1. Last time I went there I was hiding my money in cash in various places around the house because my father in law had immediately withdrawn all the money I had transferred over for our stay.
2. We were watching our wedding DVD yesterday and my wife commented on her friends beautiful ornaments in the house. She said 'they were rich.' I seeked to clarify: 'do you mean 'are' or 'were?'' She said again' were' in the tone meaning 'of course', and I thought 'well, yes, should have known better than to ask.' Everyone just lost everything (except tangible objects) and have never got it back.
If you do believe in the article just make sure you have no cash in the bank. Buy things that you can re-sell although bear in mind that no-one will probably have any money to buy them back off you anyway. Best thing to do is as Leroy suggests and not worry about it too much. This is what my in-laws in Argentina now seem to do!
That's what I said.
They are all in it together.
Why? Because they work the system to benefit themselves.
Whatever their party.
The real issue about countries' economies being up the spout is that spending power is shifting to countries in Asia and, to an extent Latin America. Unless it's niche stuff, (Land Rovers, Jaguars, Scotch) we are not going to make things they want cheaper than they are, apart from maybe arms. The other stuff where the UK has a global lead we're shooting ourselves in the foot; universities are reporting fewer overseas students (and it is a big deal for people to get an education in English) because the govt want to keep out students just here to work but are doing it in a way that appeases the Daily Mail. Like the people in Asia looking at spending £100k over 3-4 years on education decide to go to somewhere more welcoming.
Or publishing, again, UK is a world leader. But what do the govt do? Cut arts and humanities at universities because it doesn't play in the real economy.
They ended up sending the girl to the University of Melbourne instead - for which they are paying tens of thousands in fees and living costs being pumped into the local economy.
Education is a massive export activity for the UK and I don't think the opportunity is being properly exploited, although others on here such as John Boy UK could probably give a better perspective as he works in education.
Ps are you a salesman for solar panels with battery backup , water boreholes, poly tunnels, large chest freezers for storing last years crop,back up generators and wood burning stoves per chance? ;-)