www.dailymail.co.uk/news/article-1290616...-shaky-recovery.html

Interesting article on why there could be another Credit Crunch coming - the EU is about to withdraw its funding and UK banks could once again end up with no money......

Barclays and RBS are once again about to get mullered they predict !

So watch the markets when they open.....pension funds could take yet another hammering.

Seems since I posted that the whole media has kicked off about this.

There seems to be a real systemic problem which is constantly dragging the markets down and it is the millstone of debt which BROWN and BUSH underestimated.

They should NEVER have bailed out - but let the debt be written off and corrected itself. Yes loads of people would have lost all their savings. Loads of damage would have been done. But it would have been quick and the pain would later go.

This way we are dying by a THOUSAND CUTS. The next 10 years will see us CUT OURSELVES until our economy bleeds permanently.

This really looks like the END for the Capitalist System. It has lasted longer than any other modern system and communism did not even make a 100 years......

GOLD is still rocketing and if you took my advice a few years ago to buy GOLD at around 600$ an oz you would have now DOUBLED your money !!!! It will go up again I might add with all this uncertainty.

The UK Housing Market is about to implode due to lack of properties and mortgages - and with the cuts now factored in there is no light at the end of the tunnel . The rich have exploited the market last year - but now buyers are thin on the ground again. Immigrants leaving have stemmed the demand in the rented market as well and there is a massive glut of rented property - prices should be driven down in that area as well.

RBS say we are on a CLIFF EDGE - in other words a BIG CRASH is possible at any moment. If I had money in SHARES right now I would take it out and sit on it or convert it to GOLD today. The market could go down near to 1000 if there is a proper crash. It would wipe out many people who have not diversified their investments - especially pension funds. If pension funds go under then there would be a knock on effect. Banks as well would probably go under if the market crashed again because they still have negative balance sheets.

Not looking good today - looks as if BROWN spun us the BIGGEST LIE of all - the "recovery" - his parting gift of SPIN. He knew the economy was well and truly holed.

The EURO could go under as well this week !!!! Bloomberg were leading with that overnight.