Is Britain on the verge of economic and social collapse
- Thread starter spankingtexan
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So if we all subscribe, will the world be saved?
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This^ I've seen peoples jealousy of others turn to hatred.
Great sig by the way, never a truer word spoken.
Well while the US Federal Reserve and the Bank of England.....both of which are privately owned business, printing free money out of nothing and lending it to the government with huge interest, while they in turn tax us to high heaven to pay back the interest in goverment bonds.....which then in turn need to borrow more, so the Fed or the BoE print more money thus degrading our currencies further.....it wont be long until the USD and the GBP isnt worth anything anymore.
The GBP has lost about 92% of its buying power and USD is 97% of its buying power.
The US didnt even have income tax until Woodrow Wilson allowed the Banking Familes to set up the Fed....sad really.
The GBP has lost about 92% of its buying power and USD is 97% of its buying power.
The US didnt even have income tax until Woodrow Wilson allowed the Banking Familes to set up the Fed....sad really.
And? Why is that a bad thing?
(It's also not really true. For example, in 1977, you could buy a computer for £3000 which had 256 bytes of memory, upgradeable to a massive on kilobyte for just £750. You can't even buy a computer like that anymore because it's too useless; £100 will buy you something something like a million times more powerful even though inflation has reduced the value of the pound by 81% since 1977)
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This, although there are some points made in that End is Nigh article which are serious/real/worthy of discussion.
Soldato
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I've also asked this question on OCUK after reading that article lol. It was a but to... Sensationalist and obvious about getting you to subscribe. You won't be the last 
Why is that a bad thing? Because the GBP or the US Dollar was seen as a store of value, investors and central banks in other countries want to hold GBP or USD as alternatives to their own.
As nations in debt our economies can only grow by effectively borrowing money off other countries, by purchasing their goods they use that capital to purchase government bonds and other assets.
When our trading partners figure out that we’re no longer solvent, they’ll stop lending us money (that is, they’ll use their dollars to buy euros or yen or gold rather than Government bonds), and the value of the dollar or the GPB will plunge..(which it is slowly doing) and eventually lead to a total collapse.
And I'm sure you can appreciate that the collapse of our currency or the US currency isn't going to be pretty!
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Troll?
LOL, unfortunately I don't own a single air weapon any more but I do miss my Witness.
Doh! Should've sold it to me.
I believe you should try to become less credulous. Perhaps evaluate your sources first before accepting them at face value.
The general consensus of the replies in this thread actually support their arguments.
Moving away from the plugging of their magazine, the core points are fair. The shiz will hit the fan again in a bigger way once again in the near future.
Every developed country has gone on a debt binge over the last 20 years. Imagine if you were given a credit card - unlimited spend, and you were earning 500k. However, you had to look after 100 people and meet their ever increasing needs. Same principle.
Moving away from the plugging of their magazine, the core points are fair. The shiz will hit the fan again in a bigger way once again in the near future.
Every developed country has gone on a debt binge over the last 20 years. Imagine if you were given a credit card - unlimited spend, and you were earning 500k. However, you had to look after 100 people and meet their ever increasing needs. Same principle.
A store of value? They're still stores of value and still will be for a long time of come. Holding cash is dead money; it does nothing. Inflation is a good thing it kills debts and pushes money from useless holdings into productive investments. Inflation becomes a problem when the balance shifts too far the other way but there is really no reason to think that there is anything about the current, or recent, levels of inflation that are a bad thing.
The root cause of the decline in the value of the pound is the growth of our economy and the rise in productivity.
Of course it wouldn't; but since there is no reason to think either will occur I don't see what the problem is? A USD collapse is more credible than a GBP collapse but even then we're talking about a sharp devaluation rather than a total collapse.
Remember Im not agreeing with the article and im not saying the GBP is about to collapse....I was just outlying some of the bad points around currency devaluation (inflation) in that is promotes borrowing and not saving and that one day it could lead to a collapse if measures arent taken.
Your right in that it devalues debt....but it also devalues peoples savings and too many people dont save anything for when they get older because their £30,000 today wont be worth much in 40-50 years....and most people dont have the financial savvy to put their future into inflation beating investments such as gold, oil, silver, bonds etc as most arent educated.
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I'm sick of this crap. The border for "rich" is now so low that it's quite hard to spot the middle class. We tax the hell out of everyone who isn't on minimum wage and that still isn't enough to pay for pensions. There are far too many people at the bottom of the salary pyramid for those further up to have a credible shot at supporting everyone else.