Britain, Government and The Recession

We're all doomed - let's face it - we're well and truly doomed.

We have let bankers, financiers, investment brokers and the like become the new ruling class. (Not that I would defend the'old' ruling class).

I think it's a conspiracy by the right wing capitalists. I don't recall his name, but one of them, an American big businessman, was quoted as saying he wanted to make government so small that he could push its head down the loo.

American president Bush senior and Junior helped these people along with policies that transferred wealth from the poorest in society to the richest.

These policies were adopted by the Tories, under Thatcher and have continued under New Labour.

Now, Governments are in thrall to the aforementioned money men and are essentially having their heads put down the loo - exactly what right wing capitalists dreamt of. These neo-conservatives have bankrupted governments and they are on the verge of taking over countries. They don't like governments - governments sometimes represent the people - something these right wingers abhor.

Just imagine, parliament no longer a parliament, but parliament plc, owned by shareholders and large institutions - oops, it already is - look at who the government turns to for it borrowings.

There's no point being pessimistic about it though, it won't help.

Class yourself as human, we are nothing but vegetables in a garden patch, money makes your head bang, well when you have payed it all out and got nothing left of it.
Were has the big doe gone too, er there is none due to fall and collapse of this failed country run by idiots - called the government.

This England can do better with out idiots who think they can run this country, labor government, or any other' have you any clue what to do? our school education is in the pan, china have better teaching than us, kids, children need proper education, what is there to teach when our country is in a pitfall state ? send them abroad because it's a waste of time back here, maybe they do better with a education in china than here, what jobs are here for the children, stick them on a course for the rest of there lives the same you do to job seekers, no jobs here any one they really want to do - the pay is crap, how many fall out of university and in debt, is it worth learning a trade just to keep your parents of your back for all them years and end up skint and no were to turn because there is only sh--e jobs no one wants to do.

The future is bright - not that bright with idiot's running the mock.

Laughing Out Loud........... It just gets worse Crash Gordon has just been on TV talking up the British economy then online the story that British government Bonds are now so unwanted that they are seen as a bigger risk in the financial word than McDonalds, Pepsi, Coca-cola, and many more companies. When big players buy Government or corporate bonds you must insure them against default. The people who insure the bonds want more for British government bonds than those of a burger chain and soft drinks company. But don’t worry people Crash Gordon will save us! Complete financial collapse is imminent.

PART 1 - Thanks Gainsborough lad. Ok a quick economics lesson for anyone who really wants to know what’s going on. Ignore the main stream media they are in the government and wealthy elites pocket and just feed you government abused facts and figures. Last week the government worked more magic when it revised up GDP (Gross Domestic Production) growth to a massive 0.03% (wow) but they had to fiddle even this tiny bit of growth. They revised down the previous quarters figure and added the difference to the current quarter’s projected growth. My god even with their crooked accounting they could only manage a 0.03% figure.
The housing market is finished and they are masking this fact with more creative accounting. They take their average figures from a few selected postcodes that have grown a little and then tell us this figure applies to the entire UK. They will lie to us about house prices no matter what the cost as it’s the last asset bubble the UK has.
Our entire problems hinge on the fractional reserve banking system, Money is loaned into existence these days. You gotta take your hat off to them its genius! The money you think you borrowed for your mortgage never existed until you wanted it. You spend the best years of your life repaying money that was never lent to you. The bank never risked anything; it just created the money out of thin air. Anyway the fundamental floor with this system is that “Interest is applied at source” the central banks lend the money into existence and immediately apply interest. Let’s say you borrow £1000 and let’s say interest is 10% (easier maths) that’s £1100 expected back. But only £1000 has been introduced into circulation, so the interest cannot be physically repaid it is impossible. The affects of this situation are more commonly referred to as “Inflation” It’s a hidden tax on us all and the rate is far higher than we are told.

PART 2 - So the following financial year the central banks must loan more money than the previous year in order to cover the interest from previous years. This has been going on for centuries and now we are at the edge of the collapse private borrowers and governments can no longer service this huge debt.
Our true debts are running at over 400% of GDP, The debt is rising by billions a month and government income is falling by billions a month, this simply cannot continue a 9 year old could do the maths. The general public have no idea of the amounts of money being used to prop up the bank, corporations and stock markets. I watch a video that explained the amount in visual form. Imagine a stack of $1000 bills pilled flat on top of each other, A million dollar stack would be 4” high, A billion Dollar stack would be 358 ft high and a trillion dollar stack would be just short of 68 miles high. That’s a lot of cash and it’s all going to the wealthy elite at our and future generations expense.
At what point will we down tools and say no more!

A weak currency arises from a week economy which in turn is the result of a weak government,
said Gordon Brown in 1992 atacking the Tories of the day,

At the very least he does know the root cause of the countrys problems today then.

Aleedsfella I am listening to you, your last post is so undeniably accurate, I can see all this coming, and food and energy will shoot up in price as half of it is imported,

Extremely well written mate, you should be a professional writer, this country really is going down the pan, without stopping.

oop's sorry I refreshed the page and it sent the gripe again ???????????

The pound is crashing, the bank of England is buying up sterling as fast as it can to try cover this up. They cannot continue this forever and when the pound does crash we will all loose what’s left of our savings/Pensions/property value. If you have savings it’s now the final chance you will get to move it out of sterling and into gold or silver. The Western world is Bankrupt, The British/American/European people have had long enough to work this out but still refuse to acknowledge what’s happening in front of them. “Quantitative Easing” is simply covering things up it’s all our economy is running on, everything appears normal but UK plc is technically insolvent we cannot service our debts all this quantative easing money is actually our money. Our government are wrecking everything while awarding themselves huge salaries.
When will the spineless public revolt? What the hell is happening? Look people it’s time to stand our ground. You can turn your back on an approaching storm and choose not to look at it, But it will still arrive and f*ck you up. I have actually stopped talking about this socially now as people just don’t want to listen. I am now out of work again and have no intention of taking any of the low paid, mind-numbing jobs that are pretty much the only jobs available (unless you’re a public sector parasite).
I’m going to sit back and watch a world of pain descend on the spineless, narcissistic, delusion and cowardly British/American/European Publics, AND LAUGH! You all practically volunteered for this mess by not taking action. But unfortunately the Sheeple will take us all down with them. You F*cking morons!

The pound is crashing, the bank of England is buying up sterling as fast as it can to try cover this up. They cannot continue this forever and when the pound does crash we will all loose what’s left of our savings/Pensions/property value. If you have savings it’s now the final chance you will get to move it out of sterling and into gold or silver. The Western world is Bankrupt, The British/American/European people have had long enough to work this out but still refuse to acknowledge what’s happening in front of them. “Quantitative Easing” is simply covering things up it’s all our economy is running on, everything appears normal but UK plc is technically insolvent we cannot service our debts all this quantative easing money is actually our money. Our government are wrecking everything while awarding themselves huge salaries.
When will the spineless public revolt? What the hell is happening? Look people it’s time to stand our ground. You can turn your back on an approaching storm and choose not to look at it, But it will still arrive and f*ck you up. I have actually stopped talking about this socially now as people just don’t want to listen. I am now out of work again and have no intention of taking any of the low paid, mind-numbing jobs that are pretty much the only jobs available (unless you’re a public sector parasite).
I’m going to sit back and watch a world of pain descend on the spineless, narcissistic, delusion and cowardly British/American/European Publics, AND LAUGH! You all practically volunteered for this mess by not taking action. But unfortunately the Sheeple will take us all down with them. You F*cking morons!

The Pound dropped hugely and heavily in value relative to the Euro today because a British insurance company, Prudential, is spending £15 billion on acquiring insurance giant, American International Group (AIG), Aisian business.

What business has a British company spending the nation's currency on this?

This company has now impoverished me for my intended retirement abroad, and reduced the value of my savings and pension.

What business has a British company to act unilaterally and selfishly in the money markets?

Did anyone in Government give them permission?

Did this money derive in any way from the quantitative easing programme, money intended to support the Bristish economy?

On the western border of Argentina is Chile, who has just suffered a massive earthquake, on Argentinas eastern border, far out in the ocean is the Falklands,

But the priorities today for Argentina, is to see Hilory Clinton to get her backing for a discussion of sovereignty of the Falklands, which were occupied by the Brittish before Argentina hardly existed.