The State of the UK?

[Keltik THC]

I wonder everyday how far the establishment can push the people of Britain before finally most people break out of their zombie-like trance that 'everything will be ok'... i mean, no one seems to care we currently getting taken down a garden path that will result in things getting much worse, but they don’t even want to know about it.

I mean, look at the facts, the UK is in the most amount of debt than any other country i can find, even countries that have been administered by the IMF (Hungary, Romania etc.) are in a better situation than us! Our countries debts are almost 10% of our GDP, that’s pure madness!! we are in negative equity its just crazy!!! if you have a kid its instantly born with about £20,000 worth of debt to service, our children and grandchildren will be paying more to service the debt than will be spent on their education, i mean we have more debt thanks to the One Eyed Man from Fyfe than countries in South America and the middle east like Pakistan.

I mean, Gordon Brown has just blown more money than Winston Churchill spent fighting the Nazis, i mean my god, how much worse will things get before the average joe says 'enough is enough'. I mean, is it not obvious to everyone else that the elite are just doing almost exactly what they did to 3rd world countries previously? levy them with such a huge debt that their GDP couldnt even begin to pay it off and then basically strip mine the countries of all their value and worth.

Heres a great 10 minute montage of a debate in the EU Parliament prior to the G20 where Gordon Brown shows his true colours and gets owned by a couple of MEPs and MPs, but as usual when someone is berating Gordon with sensible facts about how he his agenda is destroying our country he just laughs.

hold onto your hats guys, if you thought the past 6-9 months was bad just wait.

heres the full speech from Daniel Hannan (MP) where he rips Gordon to pieces, this guy has went Viral (this speech has almost 2 million hits in less than a week) even my freinds in the USA have heard of him after this speech he made late last month.

 

[V4NT0M]

I mean, Gordon Brown has just blown more money than Winston Churchill spent fighting the Nazis

Source, was it adjusted for inflation?

oh and TFTI

 

[daz]

I mean, look at the facts, the UK is in the most amount of debt than any other country i can find

In terms of absolute debt, sure, but compared with our GDP it's lower than most of Europe - compare ours with France, Germany, Italy. It compares pretty well.

 

[daz]

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

 

[Sankari]

I mean, look at the facts, the UK is in the most amount of debt than any other country i can find

You're not looking very hard. The USA is the world's largest debtor - a title she has held since 1985.

 

[KiTBoH]

Why are there so many rage posts about the government today? Everyone knew it was bad.

Also the daniel hannan thing has been heard of in America was, i'm pretty sure, because it went 'viral' in America and thats probably where most of the hits were/are from. He was on the news programs over there because of it.

We're stuck with the government we have until the next elections, and then the conservatives will take power and disappoint people as well.

 

[crazyDAJT]

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

not that i beleve eveythink wikipedia says...

but... lol..

Germany, who are saying that they are reserved and have saved, saved, saved and point the finger at us for spend spend spend... 64.90% Vs our 43.60%.

I think we need to spend more, we shouldn't put ourselves at a disadvantage.

 

[eXor]

I wonder everyday how far the establishment can push the people of Britain before finally most people break out of their zombie-like trance that 'everything will be ok

It's all relative.

Compared to some parts of the world, this is paradise. Some people will cross oceans and 'hitchhike' across Europe, risking life and limb, to get here.

 

[scorza]

 

[Sankari]

not that i beleve eveythink wikipedia says...

but... lol..

It's accurate enough; it just doesn't paint the full picture. That table is only a list of public debt; it doesn't take into account (a) trade deficit or (b) government debt.

Seen that on a coffee mug at work; I just love it. So exquisitely English.

 

[bottletop]

All the BS we got about deflation from the govt/BoE was just and excuse to roll the printing presses. Remember, don't listen to what they say...look at what they do.

The BoE pension fund (presumably administered by smart bods who know what is going to happen) have made sure their pension fund is heavily invested (70%) in index linked bonds since 2008. Looks like they are planning for high inflation, not deflation

http://www.order-order.com/2009/03/bank-of-england-pension-fund-surges-betting-on-inflation/

 

[daz]

It's accurate enough; it just doesn't paint the full picture. That table is only a list of public debt; it doesn't take into account (a) trade deficit or (b) government debt.

Dude...

Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central government, federal government, municipal government or local government.

 

[Fido McNasty]

Funny as it is, that 'keep calm and carry on' slogan represents what we've all been doing for heaven knows how long.

All the debt, globally out values all actual money, gold and reserves by a significant ratio. At a loose guess I'd say 3:1. Thats global intercontinental debt. It can only be written off, thats all there is to do.

 

[Sankari]

Dude...

Oops!

OK, then it's still off because it doesn't include private debt and trade deficit.

 

[daz]

Oops!

OK, then it's still off because it doesn't include private debt and trade deficit.

That's true, we have a massive amount of private debt compared to a lot of countries (because of the size of our mortgage market, combined with large house prices for one)

 

[Keltik THC]

not that i beleve eveythink wikipedia says...

never use Wiki as a source, i have already schooled Evangelicon with that in a previous thread - even Wiki's founder says 'dont use it for researching', basically Wiki is good if your reading a book and it mentions a battle you havent heard of you can get a brief over view but for sourcing and research its redundant.

Germany, who are saying that they are reserved and have saved, saved, saved and point the finger at us for spend spend spend... 64.90% Vs our 43.60%.

now you see this is a perfect illustration of how the press are playing the general person like a fiddle in a Frédéric Chopin Sonata. The Germans, more accurately Perr Steinbruck, basically said in a question as to if Germany would be doing what the US and UK have done, which is buy up all the 'toxic debts' with public money, Herr Steinbruck replied:

"How could I take such a proposal to the federal parliament? The nation would think we'd gone crazy."

and then the Press descended into mud throwing and basically urged the British public to ignore the Germans, they don’t know what they are doing... the funny thing is though they are keeping their manufacturing base, soon enough the only thing we will manufacture is MacDonald’s Quarter pounders.

But, dont you think that using money we dont have to soak up 'toxic' debts from the banks is a bad idea? i mean, i didnt realise we were socialists... i thought if a company made a bad decision then its their fault, in a free market (which we have not had for a long, long time) companies are supposed to sink or swim on their own merit.

I think we need to spend more, we shouldn't put ourselves at a disadvantage.

lol, the fraud of Keynesian economics... ok so, say you owe £20k on your credit card would you

A) Cut back all your spending and work out your budget to pay back the £20k and live within your means.

B) Spend a heap more money you dont even have and cross your fingers and hope it all works out.

hmm.

It's all relative.

Compared to some parts of the world, this is paradise. Some people will cross oceans and 'hitchhike' across Europe, risking life and limb, to get here.

i agree, as my Nigerian friend tells me, i could be in Darfur at the moment... but my point is, are we as a nation just going to continue watching TV whilst our country is strip mined by the banking elite? things could get as bad as in other countries if we continue with our decadent ways of not caring about anything that doesn’t effect the immediate radius of our bodies, not that im critisizing anyone, i can be as decadent as anybody else at times.

All the BS we got about deflation from the govt/BoE was just and excuse to roll the printing presses. Remember, don't listen to what they say...look at what they do.

The BoE pension fund (presumably administered by smart bods who know what is going to happen) have made sure their pension fund is heavily invested (70%) in index linked bonds since 2008. Looks like they are planning for high inflation, not deflation

http://www.order-order.com/2009/03/bank-of-england-pension-fund-surges-betting-on-inflation/

Exactly, we are heading full steam to a massive period of Hyper-Stag-Flation, which means massive stagnation of the economy and massive inflation - what else do people think is going to happen with a contracting economy and the printing presses printing money like its going out of fashion...

people keep talking about the 1930s, the way things are progressing the 1930s would have been a cakewalk, i mean i was looking into it the other day and according to the statistics around 90% of the US was agrarian at the time of the 1930s great depression, still a number of million died, now the figures are reversed; its in the region of 90% are city dwellers, so if we did hit something worse than the 1930s i wonder what everyone in the city is going to do when Tesco's shelves are empty since our domestic farming industry has been decimated through the government’s policies.

i hope im wrong about all of this, but its all happened as the experts have said so far (experts who funnily enough are not allowed any where near the glare of the mainstream media in the UK).

EDIT: just wanted to say thanks for your replies guys, its refreshing to finally talk to some people who have a grasp of the situation... almost everyone i know in my daily life isnt bothered about what is happening, i think i start to feel like i'm one of the only people who sees a huge iceberg on the horizon and when i see youtube videos like this i have a great urge to vent.

 

[daz]

lol, the fraud of Keynesian economics... ok so, say you owe £20k on your credit card would you

A) Cut back all your spending and work out your budget to pay back the £20k and live within your means.

B) Spend a heap more money you dont even have and cross your fingers and hope it all works out.

hmm.

It sonds like you don't even understand the principles if you think that is the basic idea of Keynesian economics. You've given a very flawed analogy.

 

[teaboy5]

never use Wiki as a source, i have already schooled Evangelicon with that in a previous thread - even Wiki's founder says 'dont use it for researching', basically Wiki is good if your reading a book and it mentions a battle you havent heard of you can get a brief over view but for sourcing and research its redundant.



now you see this is a perfect illustration of how the press are playing the general person like a fiddle in a Frédéric Chopin Sonata. The Germans, more accurately Perr Steinbruck, basically said in a question as to if Germany would be doing what the US and UK have done, which is buy up all the 'toxic debts' with public money, Herr Steinbruck replied:

"How could I take such a proposal to the federal parliament? The nation would think we'd gone crazy."

and then the Press descended into mud throwing and basically urged the British public to ignore the Germans, they don’t know what they are doing... the funny thing is though they are keeping their manufacturing base, soon enough the only thing we will manufacture is MacDonald’s Quarter pounders.

But, dont you think that using money we dont have to soak up 'toxic' debts from the banks is a bad idea? i mean, i didnt realise we were socialists... i thought if a company made a bad decision then its their fault, in a free market (which we have not had for a long, long time) companies are supposed to sink or swim on their own merit.



lol, the fraud of Keynesian economics... ok so, say you owe £20k on your credit card would you

A) Cut back all your spending and work out your budget to pay back the £20k and live within your means.

B) Spend a heap more money you dont even have and cross your fingers and hope it all works out.

hmm.



i agree, as my Nigerian friend tells me, i could be in Darfur at the moment... but my point is, are we as a nation just going to continue watching TV whilst our country is strip mined by the banking elite? things could get as bad as in other countries if we continue with our decadent ways of not caring about anything that doesn’t effect the immediate radius of our bodies, not that im critisizing anyone, i can be as decadent as anybody else at times.



Exactly, we are heading full steam to a massive period of Hyper-Stag-Flation, which means massive stagnation of the economy and massive inflation - what else do people think is going to happen with a contracting economy and the printing presses printing money like its going out of fashion...

people keep talking about the 1930s, the way things are progressing the 1930s would have been a cakewalk, i mean i was looking into it the other day and according to the statistics around 90% of the US was agrarian at the time of the 1930s great depression, still a number of million died, now the figures are reversed; its in the region of 90% are city dwellers, so if we did hit something worse than the 1930s i wonder what everyone in the city is going to do when Tesco's shelves are empty since our domestic farming industry has been decimated through the government’s policies.

i hope im wrong about all of this, but its all happened as the experts have said so far (experts who funnily enough are not allowed any where near the glare of the mainstream media in the UK).

EDIT: just wanted to say thanks for your replies guys, its refreshing to finally talk to some people who have a grasp of the situation... almost everyone i know in my daily life isnt bothered about what is happening, i think i start to feel like i'm one of the only people who sees a huge iceberg on the horizon and when i see youtube videos like this i have a great urge to vent.

The thing about a despression in this day and age is the young people off today would panic if they didn't get a meal for the day.

Dont forget about the peak oil issue! We have slowed down for a year or two, but with less money getting pumped into the inductsy peak oil will be coming soon.

So on top of the country going down the pan, we will be lacking energy to do anything about it.

 

[Keltik THC]

It sonds like you don't even understand the principles if you think that is the basic idea of Keynesian economics. You've given a very flawed analogy.

i understand its a very basic analogy and it has its flaws, but im sorry, i just dont buy Keynesian economics i believe in the Austrian School who have predicted everything that has happened so far... but time will tell if Keynesian economics does work (it hasnt yet).

 

[Sankari]

never use Wiki as a source, i have already schooled Evangelicon with that in a previous thread - even Wiki's founder says 'dont use it for researching', basically Wiki is good if your reading a book and it mentions a battle you havent heard of you can get a brief over view but for sourcing and research its redundant.

LOL, do I really have to drag you back to that thread again?

i understand its a very basic analogy and it has its flaws, but im sorry, i just dont buy Keynesian economics i believe in the Austrian School who have predicted everything that has happened so far...

Has it? Give proof, please. Keynsians were predicting this crash for years. In fact, so was anyone with half a brain.

but time will tell if Keynesian economics does work (it hasnt yet).

Er, yes it has. It's been working for more than a century, which is precisely why its principles now underpin the world economy. However, just like any economic system, it is open to abuse.

A 5 speed gearbox works perfectly well until someone decides he won't bother using the clutch anymore. This does not mean that 5 speed gearboxes don't work. It means they work properly when they are used properly.

Can you name 6 nations whose economies are based on the "Austrian school"? No, neither can I. That's because the so-called "Austrian school" is a load of baloney. Everyone understands that it's completely stupid and simply wouldn't work in the real world.