IMPORTANT NOTE: You do NOT have to register to read, post, listen or contribute. If you simply wish to remain fully anonymous, you can still contribute.
IMPORTANT NOTE:
You do NOT have to register to read, post, listen or contribute.
If you simply wish to remain fully anonymous, you can still contribute.
BROWN devalues - 2008/11/12 11:52The first real cost of BROWN's BAILOUT has become clear today.
The POUND is now $1.51 against $2.06 in the summer.
This means that our money in our pocket has been devalued by BROWN printing the extra Trillion to bail out the banks. ( Against the Euro it has gone down even more )
The effect of this is that UK shoppers will pay 25% more for any imported goods from December onwards.
Retailers however will not be able to pass much of this on to customers - so we will see loads of shops and chains of shops going under in the first three months of next year - with possibly Half a Million jobs.
The MEDIA led by New Labour will claim that this is a Global Problem.
It quite simply is one of BROWN's own making. He LED the world to print Bailout Money thus reducing the weak currencies.
Brown claims to be an economic miracle worker - but this latest disaster is typical of his lack of ability in running the economy. His claim is not backed up by the facts.
The UK is going into a terrible recession next year - much of it engineered by Brown who does not understand economic cause and effect.
As late as July Brown was saying growth for next year and that we were in a great position. How wrong he was.
For anyone who lived through the 81 and 90 recessions they will seem like great times compared to next year.
3 million unemployed plus 3 million on incapacity by next summer will bring the percentage of working age people to 2 in 10 of the population. Double the 1981 UB40 low point last century.
Luckily the bankers are all sitting nicely at home with their billions and bonuses !! At least they are still happy.
Messageboards 
