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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, 05:56 PM   #11 (permalink)
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Default Manipulation?

To be serious for a while,if I was looking to manipulate our £-euro relationship I can think of no easier way than to deliberately delay all Exports to trade partners within the EU eurozone,and,at the same time speeding up and increasing our Imports from them.

Anyone with a grain of sense knows that most markets and currencies are controlled,and some are more so than others,when it suits a particular need.

Hence,BoE putting in £5 billion today,you may say,chicken feed,but,the point is that this makes things happen,or not happen,currency is a control mechanism and can manipulate an economy,that's all.

Those who are regulating the money flow also have every chance to do damage to,or, enhanse the value of currencies,economies and just about everything else.

I most certainly wouldn't be buying anything right now because things have a lot more open space below them,into which they will eventually fall this year.
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Old 18-03-2008, 06:02 PM   #12 (permalink)
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Oddly, I've gone for the top option. I think the issue will revolve around the sudden and rapid rise in inflation that will take virtuallyall of those on benefits or a fixed income to a crisis.

People are losing their savings and investments. There is worse to come. Inflation is now officially rising because of utility bills being reassessed. The massive increases in the costs of basics have yet to trickle through. There has been a 25% rise in petrol costs in the last 12 months, 50-60% rise in bread and flour and 60% rise in rice.

Mortgage rates have been adjusted to take into account the losses made by the banks despite interest rates being relatively stable.

Taxes on the poor have gone up.

In 3 years things cannot get better. People who drop onto housing benefit and income support will stop buying and Messrs Tescos and Sainsburys might even feel the pinch.

I have enough to live on, but my future is not guaranteed and I've already made cutbacks. My friends in business are making major economies. We're not the sort to trash the joint, but there are people who will have to steal to survive. That will translate into localised civil unrest as shops and petrol stations are 'looted'.

I'm not being pessimistic - honest.
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Old 18-03-2008, 06:40 PM   #13 (permalink)
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"I'm not being pessimistic,honest."

Where's that length of rope....
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Old 18-03-2008, 06:56 PM   #14 (permalink)
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Harry what a great little film.

Those have been my thoughts on psychology for a few years now.

As for conspiracy think about this.

Take a group like common purpose. A lot of champaign socialists all getting rounds of applause off each other and patting each others back for the good work they do 'helping society function correctly' or 'developing future leaders'.

When really what they are doing is building their own nest.

Now put that same structure on a bigger scale. Where you have international politicians, international bankers, the international oil cartel and the world elite aristocracy. Then you have Builderburg.

This is why these things our not a conspiracy in the conspiracy theorist sense but at the end of the day the results of they're actions are conspiratorial.
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Old 18-03-2008, 07:16 PM   #15 (permalink)
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F*ck the word "conspiracy" ! (Sorry )
It's a total cop out for those who can't used logical reasoning to argue their case.

If people are stupid enough to think "conspiracy" then let them - they don't dererve to be educated any more - let their savings get swallowed up.

No doubt when they're starving and getting government handouts they'll still be blaming Al-Quaeda....
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Old 18-03-2008, 07:18 PM   #16 (permalink)
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Quote:
Originally Posted by Aardvark View Post
Oddly, I've gone for the top option. I think the issue will revolve around the sudden and rapid rise in inflation that will take virtuallyall of those on benefits or a fixed income to a crisis.

People are losing their savings and investments. There is worse to come. Inflation is now officially rising because of utility bills being reassessed. The massive increases in the costs of basics have yet to trickle through. There has been a 25% rise in petrol costs in the last 12 months, 50-60% rise in bread and flour and 60% rise in rice.

Mortgage rates have been adjusted to take into account the losses made by the banks despite interest rates being relatively stable.

Taxes on the poor have gone up.

In 3 years things cannot get better. People who drop onto housing benefit and income support will stop buying and Messrs Tescos and Sainsburys might even feel the pinch.

I have enough to live on, but my future is not guaranteed and I've already made cutbacks. My friends in business are making major economies. We're not the sort to trash the joint, but there are people who will have to steal to survive. That will translate into localised civil unrest as shops and petrol stations are 'looted'.

I'm not being pessimistic - honest.
No i think you're being realistic - better to admit there could be a big problem than bury your head in the sand.
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Old 18-03-2008, 08:34 PM   #17 (permalink)
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The Uk is a service industry we dont make or sell anything to anybody,we are the go between and when things get tough in the rest of the world they will cut out the middle man.We are f()(ked
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Old 19-03-2008, 12:02 AM   #18 (permalink)
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Quote:
Originally Posted by ranter View Post
The Uk is a service industry we dont make or sell anything to anybody,we are the go between and when things get tough in the rest of the world they will cut out the middle man.We are f()(ked
Not quite.

This is what I think has happened we were offered the Olympic games in return we signed the treaty. If it were not for that we would be now deep in rescission.

What really winds me up is the economy works in boom and bust cycles and since labour have been in we've been through the bomb yet through over taxation and legislation on business you would not have noticed. Now we're in the bust and no one had the opportunity to save for a rainy day.
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Old 19-03-2008, 08:25 PM   #19 (permalink)
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I agree with ranter's point - just like in the USA manufacturing is down, exported to China.

I don't think the Olymics is a big factor in the long term economic outlook, though it help, but the cost's have already been taken, any profits haven't.

Boom and bust is the game the central bankers play to consolidate assets after the "bust" when money loses it's value.
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Old 19-03-2008, 08:41 PM   #20 (permalink)
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Good Poll, interesting.
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