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Topic History of: The GREAT DEPRESSION ?
Max. showing the last 5 posts - (Last post first)

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With all the economic indicators on the slide again and with all of them still in a bad way compared to 2007....with empty shops....tax rises.....job cuts......

Some commentators are saying that we are in a DEPRESSION. This is now the THIRD YEAR of bumping along the bottom. I think that if we get to January and the last quarter does not see proper growth of at least 1 or 2% then the DEPRESSION will be called GREAT and we will be in YEAR FOUR.

Gordon Brown will surely go down as the man who saved the banks and clobbered the Country with the biggest debt in history thus condemning the Country to a DECADE OF DEPRESSION.

Leisure spending is going to be hit hard - and already we have seen Festivals closing or being half empty ( especially new ones ) and small venue chains collapsing ( Barfly group ) and the number of siginings by labels come to a halt ( new artists almost exclusively come from TV shows now or abroad )

Football crowds are down - Premier League spending has been cut in half. 60 businesses a day are still going bust because the banks still cant lend. House prices are expected to stay steady or collapse by 30% again ( demand is still high because of the massive immigration that is still happening )

Services in the UK are getting more stretched....ask anyone in Public Sector. It seems real jobs go first and the paper pushers hang on in their offices getting paid loads and offering nothing but keeping their jobs.

Where is this all going to end ? Well people are still hammering their credit cards and taking out loans on equity in their property but savings are dwindling....which means banks are generally in a worsening position trying to claw back via massive increases in credit card interest.

Christmas is a time to tighten the belts and look for Spiritual meaning this year. Remember LIDL and ICELAND offer some great deals on Lobster and Duck and other normally very expensive stuff. Recyclinh Christmas cars or sticking your own designs onto old cards is another way of saving money. Plus delivering them yourself if you want to lose weight and save money on postage. Carol Services and concerts are FREE as well and you could see some great music for nothing over the Christmas period. Just google your local church or cathedral and see how to attend (some do tickets)

In November we will see strikes and possibly unrest as shops realise that the public dont have any money to spend. 2010 has been the worst year for everyone I know in music - I cant think of one person whom I speak to who says they are having a good or best year. I expect if JK had released his book in 2006 it would have sold 10 times more copies - possibly 100 times more - but people are generally buying stuff for under £10 on Amazon this year. Even Blair's book selling for around that.

2011 will be an even more difficult year - and then 2012......whether this was all planned by the NWO we dont know - but it does seem linked. I still think that Iran or Pakistan seem to be the flashpoint which might create a World War if the NWO can push the buttons they want.....but I also believe many are aware of this and are trying to prevent it.

Civil unrest is probably going to happen. The cuts are bound to be deeper than 20% based on the debt figure announced yesterday - nearer to 40% and possibly even 50% to cover that amount of debt. I said this before and unlike many of the JOURNOS I have actually been trained in "Government ACcounting" when I worked for the Civil Service in ORU in finance alongside the National Audit alot of the time. It is possible that the Government will have no choice but to PRINT MONEY and do QE again - thus devaluing our currency by a further 20% in order just to keep the UK head above water for a further year or two years.

One thing is for sure - only a WAR can save the capitalist system - as it did in 1939....or a large disaster on a scale which is unimaginable.