Is Britain on the verge of economic and social collapse

no

moneyweek.com said:
We warned investors to take their money out of Europe in 2009… to avoid buying the euro… to stay away from the big banks in 2008… and steer clear of property investments in 2007.

We even helped our subscribers find opportunities to profit from the ensuing chaos, by stocking up on gold and a number of other assets unpopular at the time.
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With zen like financial insight such as this, I'm surprised they're still in journalism.
 
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I must say, it's difficult for me to understand why people believe this hogwash. Maybe personal fears projected at national/world levels?

These people have been warning about hyperinflation for four years. It's right around the corner, just you wait!
They have been warning about rising interest rates for four years. It's right around the corner, just you wait!
UK is turning into Greece, just you wait!

This may sound odd in the proud state of Texas but borrowing for a state is not the same as borrowing for a family, especially if you have your own currency.

Let the Economists deal with Macroeconomics and find something else to worry about. Avoid sensationalism, especially as a source of information or advice. Look at what this muppet was saying at the top of the gold bubble in 2012:

http://moneyweek.com/gold-bubble-no-chance-21100/
 
Britain has problems. Europe has problems. The world has problems.

Could you perhaps suggest a decade when any one of these three statements were not true?

I'm not optimistic about the UK's long term outlook; I think bad decisions being made by our current government now layered on top of the bad decisions made in the last thirty years threaten our long term success, however, there's a difference between long term problems and imminent collapse. One thing to remember is the extent to which the rules are flexible, if there really is a sufficiently large global problem the rules will be changed.

The only real threat of true disaster in our lifetimes comes from environmental factors.
 
I would be massively surprised if reducing spending at the cost of everything else is looked upon favourably by history.
 
So apparently our houses will be worthless, we will get no state benefits (inc. pension), all of our savings will be lost and the stock market will crash. What is the proposed solution at this point, a bullet in the head?
 
Zethor said:
I must say, it's difficult for me to understand why people believe this hogwash. Maybe personal fears projected at national/world levels?

These people have been warning about hyperinflation for four years. It's right around the corner, just you wait!
They have been warning about rising interest rates for four years. It's right around the corner, just you wait!
UK is turning into Greece, just you wait!
Click to expand...

I'm waiting..
 
There is no doubt that we are on the precipice of a global sovereign (government) debt crisis, the question is just how much or little will the government's collapsing negatively affect the economy. When the governments and their currencies collapse, people will be able to get by without it, its just whether the governments will prevent the people from helping themselves. In my opinion it will result in martial law and ultimately communism. As the government will think the solution to governments running out of money and wrecking the economy is to have more government. They (the government and central bank) will also claim that as the government has run out of money the whole economy is in depression.

The first to go will be the US, then the rest will fall like house of cards.
 
spankingtexan said:
Just read this article, it's a little worrying to say the least but it can't really be ignored, should we prepare ourselves for what some say is inevitable.

I believe the threat is very real.

http://info.moneyweek.com/urgent-bu...onpost.com~c&gclid=CLmohuyv6bsCFfHItAodIFsAWA
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Its not on the verge, its making a nice steady pace towards it.

People have no empathy for others, they are materialistic and selfish. The worthless paper in your wallet is worth more then other people.

Its sad.
 
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