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Topic History of: BROWN's bailout has failed - Second Global Economic Crash predicted
Max. showing the last 5 posts - (Last post first)
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BR |
David - you have made a good point.
The only problem is this : in order to do these things Labour have printed 200 Billion of money ( which has seen our pound go down in value by 25%. This in effect means everyone has had a wage cut of 25% in terms of spending power in order to keep those jobs.
Even if you agree with that ( as the owner of that business does ) in order to keep people in work the truth of the matter is that the Government is nearing a TRILLION debt for its spending. At some point in the next 12 months regardless of who is in power the proverbial stuff is going to hit the fan.
Therefore, we are on the edge of doing a "Greece" - and yes other countries are as well such as IRELAND - SPAIN - PORTUGAL and FRANCE ( yes even France ) - the whole of Eastern Europe - Italy etc. The EURO itself is rocking.
When our economy goes under the chaos in our CHAV infested towns with racial divides will make GREECE look like the reception class in a nursery school compared to the riots which will erupt in the UK in many Cities.......only CAMERON can save us from this - and even this is debatable.
I fear for our countries future - the damage has been done. We are limping. |
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david |
I had a very quick but interesting conversation with one of my best friends this morning. He owns three engineering companies in the UK and either part owns or has investments in companies in the US, Canada and China.
He is a floating voter, but says he will definitely be voting Labour today, as Labour policies have directly enabled him to employ new people, and he rates Alistair Darling highly. He said he is dreading the thought of a Conservative victory as it would be dreadful for his businesses.
I didn't have time to go into more detail as it was a quick conversation as I arrived to take his dogs out lol but will ask him more specifics later.
He is someone whose opinion I value on such matters as he has successfully led all his businesses through the downturn with no job losses and is now taking people on (in his opinion thanks to Labour).
I am still a Lib Dem voter, but I thought I'd share my friend's viewpoint in the interests of balance. |
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In The Know |
I read that the Greece bail-out will not actually do anything about their debt - it just keeps the country going for another couple of years.
As economic output is also likely to slump there will be no debt reduction as such.
Just treading water and waiting for the inevitable? |
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BR |
Greece is the warning to us all.
Europe is going to go down like dominoes. |
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