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View Poll Results: Where is the British economy heading in the next 3 years ?
Total depression - food shortages, civil unrest 4 23.53%
Major recession - economic crisis 10 58.82%
Mild recession - short-term, economy will recover. 3 17.65%
Nothing will change very much in reality 0 0%
Economy improving 0 0%
Voters: 17. You may not vote on this poll

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Old 18-03-2008, 01:34 AM   #1 (permalink)
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Default British Economy heading for collapse ?

Some food for thought

The EU's deliberate destruction of Britain's economy

US Federal Reserve bails out Bear Stearns - Business News, Business - Independent.co.uk

Wall Street fears for next Great Depression - Business News, Business - Independent.co.uk
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Old 18-03-2008, 03:57 AM   #2 (permalink)
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I am torn between the top two choices - I don't know enough yet to say things will get that bad here in the UK, but they will in America I'm fairly sure
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Old 18-03-2008, 09:10 AM   #3 (permalink)
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Ithink that you're probably right.

The concern that I have is what the US will do when the oil becomes unafordable. Do much of the worlds grain production is from the US andso much is heavily oil dependent that the knock on from that could be globally catastrophic.
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Old 18-03-2008, 09:51 AM   #4 (permalink)
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It was only a matter of time wasn't it? An economy based on debt and house price inflation will fail in the end. The problem we have now is that we have nowhere to go. With inflation rising (and real life cost of living going through the roof) any interest rate cuts will only ease the pain slightly.

An ideal opportunity to slash the welfare bill years ago was missed and this is what will drag us down. As unemployment rises, the welfare bill will soar. And still we will hear the ridiculous cries of child poverty. Is child poverty being able to take seven children on holiday to India for seven months with money saved from benefit payments ?

All governments will encounter a serious downturn in the economy eventually. To have G Brown at the helm at the time is frightening !
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Old 18-03-2008, 11:47 AM   #5 (permalink)
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Less than two months ago,a car bought for 14,700 euros in the eurozone =£10,000..

The same car would now cost you 14,700 euros,=£11,575 at todays rate of 1.27 euro =£.An increase of £1,575.

If they(Broon/EU) manipulate th £/euro down/up to 1 for 1 exchange rate,the original price for that car of 14,700 euros, or, £10,000 would then become,14,700 euros,=,£14,700.

That's the difference,a £10,000 car from the eurozone will cost you £4,700 more.

Of course the same rise in cost FROM DAY ONE,will also be on every single item you buy,as well.

We can't afford this EU,AND IT'S PLANNED EURO MANIPULATION CON.
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Old 18-03-2008, 02:14 PM   #6 (permalink)
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Quote:
Originally Posted by Hartlepool View Post
Less than two months ago,a car bought for 14,700 euros in the eurozone =£10,000..

The same car would now cost you 14,700 euros,=£11,575 at todays rate of 1.27 euro =£.An increase of £1,575.

If they(Broon/EU) manipulate th £/euro down/up to 1 for 1 exchange rate,the original price for that car of 14,700 euros, or, £10,000 would then become,14,700 euros,=,£14,700.

That's the difference,a £10,000 car from the eurozone will cost you £4,700 more.

Of course the same rise in cost FROM DAY ONE,will also be on every single item you buy,as well.

We can't afford this EU,AND IT'S PLANNED EURO MANIPULATION CON.
And who exactly is manipulating the exchange rates? Talk about a conspiracy theorist. The govt is not manipulating anything, the markets are simply reacting to the economic conditions.
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Old 18-03-2008, 02:40 PM   #7 (permalink)
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Harry,we know a young chap like yourself has to say all the right things,thats why they get picked to be an MP at such a tender age isn't it?

Your greener than you look on your photos,do you really think that nothing is being manipulated by this lot?

No wonder the country and UKIP are in the ####.
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Old 18-03-2008, 04:21 PM   #8 (permalink)
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There's something distinctly `1984' about the Chancellor's statement that Britain is poised to weather the recession - and this at a time when our budget account deficit is set to rise to a record £72 billion.
As O'Brien, the state interrogator in the novel, says to his victim: `Sometimes two and two can be five, and not four.' He also says to his victim: `You must try harder. It is not easy to become sane.'
This is our problem. We are not sane. Only the government is sane.
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Old 18-03-2008, 04:40 PM   #9 (permalink)
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There's something distinctly `1984' about the Chancellor's statement that Britain is poised to weather the recession - and this at a time when our budget account deficit is set to rise to a record £72 billion.
As O'Brien, the state interrogator in the novel, says to his victim: `Sometimes two and two can be five, and not four.' He also says to his victim: `You must try harder. It is not easy to become sane.'
This is our problem. We are not sane. Only the government is sane.
No only those who truly understand the economics are sane.

When I say truly I certainly am not talking about those with degrees in economics. I would put our own Gordon Brown 'the economic miracle?' in the department of those who do not understand true economics. People like Ron Paul and Margret Thatcher do.

If their is a crash, Brown may well use the opportunity to black mail the country into joining the euro. So be warned don't take the bate if that occurs. The opportunity of a crash would be a good opportunity to get right out of the EU and start building up a new economy with the interest of this country and the people who live there in mind.
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Old 18-03-2008, 05:20 PM   #10 (permalink)
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Originally Posted by Hartlepool View Post
Harry,we know a young chap like yourself has to say all the right things,thats why they get picked to be an MP at such a tender age isn't it?

Your greener than you look on your photos,do you really think that nothing is being manipulated by this lot?

No wonder the country and UKIP are in the ####.
Lol

I usually have an open mind when i comes to conspiracy theories because I would not put it past any government or politician in the world not to be involved in underhand dealings. I certainly think they (govt officials) manipulate a great deal. I think it is more smart civil servants doing a 'Sir Humphrey' on easy-to-manipulate politicians, rather than the politicians actually having any malice (i.e. I have no doubt that when the politician makes a decision they believe, at that time, it is the best thing to do. The problem is they have been led to that point by their Sir Humphrey, also not excluding their own idotic and hairbrained ideals).

But on this occasion i think you are way off the mark. It would be fairly easy to tell if the currency markets were being manipulated by a government, unless you mean our government has purposefully driven our economy into the groun din order that the Pound will hit parity with the Euro and lcause us to join. If the latter is your view then I think you are completely off your rockers. Government only have so much control over an economy and not to any extent which enables them to maintain enough control to acurately manipulate it.

To summarise here are some things i do not believe:

I do not believe our MPs are actively conspiring to hand over control to the EU with the intended aim of destroying the country.

I do not believe the EU is a conspiracy of foreigners to take over Britain

I do not believe Common Purpose is a subversive organisation seeking to destroy this country.

I do not believe MPs are out to get the British people

I DO believe the government machine, and the scientific view of society, and the unfortunate consequences of the political system (detatchment from reality of leaders caused by 24/7 press and advisors) is to blame for much of our problems.

A good coumentary to watch is
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