Posts Tagged ‘bankrupt Britain’
Posted by seumasach on June 9, 2011
Here you can find the deadly truth about Britain and its coming economic implosion. We are in a deep, dank, black hole and have resolved to bomb our way out. All we need to crown our misery is a further run on the pound.
The scandalous way thrift is still losing out to profligacy
Jeremy Warner
Telegraph
9th June, 2011
The old ones are always the best, so I make no apologies for starting this column with Wilkins Micawber’s famous observation about the importance of living within your means:
“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”
The situation with Britain’s current account deficit is lamentably rather more serious than a mere six shilling overspend.
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Posted in UK economy | Tagged: bankrupt Britain, economic collapse, End of empire | Leave a Comment »
Posted by seumasach on May 26, 2011
Of course, they would say that, wouldn’t they? And anyway, Dagong is not legitimate Wall Street controlled entity. ITNT retains full trust in Moody’s, Standard and Poor’s, and Fitch whose prescience helped us all to foresee the mortgage-bond market debacle.
BBC
24th May, 2011
The UK’s credit rating has been cut by the Dagong rating agency of China.
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Posted in UK economy | Tagged: bankrupt Britain, collapse of Britain | Leave a Comment »
Posted by seumasach on April 21, 2011
Telegraph
21st April, 2011
Even the row of terraced houses in North West London where I live has managed to put the housing crash behind it; these relatively modest late Victorian properties again sell at record prices.
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Posted in UK economy | Tagged: bankrupt Britain | Leave a Comment »
Posted by smeddum on October 2, 2010
Thursday 30th of September 2010
My IVA Advisor
Growing numbers of people in Britain could be in need of individual voluntary arrangement (IVA) answers after new figures suggested a large proportion of the population have serious money troubles. Read the rest of this entry »
Posted in Financial crisis | Tagged: bankrupt Britain | Leave a Comment »
Posted by seumasach on May 2, 2010
Christopher King
Redress
2nd May, 2010
Christopher King argues that Britain’s leading politicians lack the courage to acknowledge the only moral conclusion to the Afghan fiasco – withdrawal – and lack the vision, integrity and competence to tackle the country’s economic and banking crises.
Our politicians are trying desperately to convince us that they know how to run the country. Well, we’ve been listening to them and they’re rubbish. Their entire economic argument chases its tail around how much public expenditure each party will cut, how much we will be taxed, what and when. It’s all about the deficit and a mythical economic recovery, the basis for which or the possibility of it not occurring were never mentioned. And recovery is doubtful. In parallel, the Institute for Fiscal Studies says that there are massive spending holes in all their published budgets because they’re concealing how enormous the government’s deficit is. Call me a prophet of doom – I don’t care. Doom is on the horizon.
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Posted by seumasach on April 19, 2010
Global Europe Anticipation Bulletin
16th April, 2010
Just as LEAP/E2020 anticipated many months ago, and in contrast to the reports coming out of the media and the « experts » during these past few weeks, Greece really has the Eurozone behind it to give support and credibility (especially concerning good management in the future, the only guarantee of an escape from a damnable cycle of growing public deficits (1)). There will not be, then, any Greek default of payment even if the commotion over the Greek situation really is an indication of a growing awareness that money to finance the huge Western public debt is becoming increasingly difficult to find: a situation now « untenable » as a recent report of the Bank of International Settlements underlined.
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Posted in Battle for Europe | Tagged: bankrupt Britain | Leave a Comment »
Posted by seumasach on April 10, 2010
Our government’s policy of making enemies can only render more difficult any strategy to overcome our economic weakness and compromise our attempts to finance our massive debt.
PressTV
10th April, 2010
In line with a recently-proposed bid by the Iranian Parliament (Majlis), the Tehran government moves to reduce diplomatic relations with London.
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Posted in Uncategorized | Tagged: bankrupt Britain, Iran | Leave a Comment »
Posted by seumasach on February 15, 2010
Ian MacWhirter
Glasgow Herald
15th February, 2010
Hah! Shows that the whole idea of a single currency was a nonsense. It’ll never work, you know. Not without a superstate. You wouldn’t catch us in the farmyard with the Pigs – the unflattering acronym being used to refer to the Mediterranean economies of Portugal, Ireland, Greece and Spain. What basket cases!
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Posted by seumasach on December 2, 2009
Seeking Alpha
1st Decmber, 2009
As investors quickly forget about Dubai, and shield their eyes (apparently using now almost limitless US dollars or Japanese yen) from any potential sovereign road bumps ahead [Nov 27, 2009: UK Telegraph – Greece Tests the Limits of Sovereign Debt as it Grinds Toward Slump], Morgan Stanely (MS) Europe is out with an interesting report for 2010 that highlights an interesting “fat tail” risk: the UK becoming the first of the G10 to have a major fiscal crisis as elections lead to a hung parliament.
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Posted in Financial crisis, UK economy | Tagged: bankrupt Britain, End of empire, financial collapse | 1 Comment »
Posted by smeddum on October 17, 2009
European Commission has serious concerns about British economy
October 15, 2009
Globally
Government officials are furious at recent reports from Brussels that the U.K. is seriously in danger of going bust. The reports put Britain on a high risk list of countries that are struggling to keep control of their national debt. The European Commission says that because of the U.K.’s increasing budget deficit they fear that it will not be able to pay for spending it has already committed to. One example given was pensions. Read the rest of this entry »
Posted in Financial crisis, UK economy | Tagged: bankrupt Britain | Leave a Comment »
Posted by seumasach on June 18, 2009
The dangerous consequences of New Labour’s massive bailout of the banks is causing some disquiet. As we have already noted King appears intent on protecting the pound, for whose value the Government seems to have a cavalier disregard. As UK PLC goes down we can expect more sparks to fly as the elite agenda starts to fragment.
This Is Money
18th June, 2009
Government policy on City regulation was last night thrown into deeper confusion by sharply contrasting speeches by Mervyn King and Alistair Darling.
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Posted in Financial crisis | Tagged: bankrupt Britain, failing banks, Financial crisis, King v. Darling, stop the bailout | Leave a Comment »
In These New Times 