www.dailymail.co.uk/news/article-1303882...-administration.html

Confetti goes under - which shows how bad the High Street now is for the small chains.

www.dailymail.co.uk/news/article-1303894...ustomers-abroad.html

Second major firm goes under in last two weeks

Inflation rockets - with real food inflation hitting 20%

www.dailymail.co.uk/news/article-1303766...tion-target-3-1.html


With benefit cuts - council cuts - housing on the decline - retail in decline - output in decline - shares down on what they were 6 months ago........

The worst months for the markets are September - November each year as well - and the stimulus has now run out and we are basically running on empty.

Things are going to go downhill rapidly. It is not the TORIES fault - but they are basically not taxing the BIG BANKS and UTILITIES hard enough - by concentrating cuts on the poorest in society ( e.g benefits - low paid council workers ) they are missing what the country really wanted. We want to see fat cat Lawyers - big bankers - people earning over £1 million a year - companies earning more than £100 million a year - HIT HARD !!!! so that the ordinary people can have some sort of life.

As it stands the rail fares are going up by 8% hitting mainly workers - food going up by min of 10% - fuel going up by 10% - VAT going up by 2.5% giving a whole economy rise of at least 2.5% in January.......

Wages are going down or being held - inflation is reducing the wage value by about 5% each year so effectively most people are having a wage cut each year at the moment of at least 5%.

In the whole of my life I cant remember when this has ever happened before - and so that shows how BAD the situation has got and how the people in some areas may well start to take to the streets in the next 12 months.

I feel sorry for CAMERON - but he must hit the BIG EARNERS hard or he will lose the public - it is his choice. The PEOPLE are on his side if he applies the taxes and cuts on those at the top who LOST the money - but if he hits the poor and makes the poor pay for Gordon Brown's giveaway to the rich then CAMERON will be out of power and we could see some sort of anarchy in the UK.

This video says a lot about Cameron's strategy in releation to big business

A good friend of mine is an ex CEO of many companies. He said to me yesterday that this isn't a double dip recession at all. We haven't come out of the first recession, and this first recession is turning into a serious slump!

Steve - yes that is another way of looking at I agree. Double Dip just sounds cool

It seems the banks are sucking all the money out of society still to cover their considerable debts - and soon with the double whammy of Inflation/cuts and wage freezes the ordinary person in the UK will see their standard of living go down considerably.

This is what I believe will lead to the crash. BROWN postponed the crash by transferring the debt from the banks to the ordinary people. But the black hole in finance still exists - it has just been moved around like a hot potato.

Any moment in the next 5 years the economy could go down the pan and we could all be pushed back into the stone age......

As I keep saying - if you have a garden - buy seeds and plant food. Buy Mini Gas stoves or wood burners - chemical toilets - wind up radios and lights. These things plus a store of food could well be necessary if the whole thing collapses.

We are near to collapse as at any time in our history. The system is so industrial now that if it fails it all goes down like dominos. We are reliant these days on imports of fuel to power our electricity and heating. If we go under and Russia and others stop giving us fuel then we will only have nuclear power left which is not enough for our needs and the small renewable sector.

Without OIL our tranport system and delivery system will mean empty shelves in all the supermarkets and we have very few "local" independent farm shops who will soon run out - and if they have sense raise their prices very high.

This is not a fantasy of the future - it happened in NEW ORLEANS in 2005 in the richest country in the World. It is what happens when the "system" breaks down.

Be prepared for the worst and pray and hope for the best.

I am doing both. Not getting worried if the whole thing goes down the pan - because I am as prepared as I could ever be ( and I have no garden I might add.....so if you have a garden then use it - even potted vegetable and potatos and herbs and salad stuff will be useful in a food shortage or rampant inflation when supply lines go down.

Markets taking a big fall today on the Car Manufacturing drop of a massive 10%

www.bbc.co.uk/news/business-11023431

In addition White Goods are still dropping in retail and only some leisure spending boosted it in July.

In the USA things are even worse with GM having to sell shares to raise capital.

We are on a KNIFES EDGE. The whole thing could go pear shaped.

and to think Gordon Brown is to earn £64,000 a speech after how he has shafted ( he called it Saving ) the world.

well it was just a matter of time before retail outlets began to crash.

we have been over supplied for a decade and with the scams of 'gloalisation' and 'outsourcing' (both anti-capitalist measures) making Asia the source of almost everything I'm not sure why anyone would think this would not happen.

The most bizarre aspect...and one which will decimate the current UK Coalition, is their attacks upon the middle-class, their natural constituents.

As for this wacky aspect that governments should pay off it's debts, you may as well say no-one should ever have a mortgage.

live within one's means is fine but you do not advance unless you take on debt but managing that debt is the crucial factor.

Of course if you embark upon the greatest of scams-war which is corrupt corporate welfare, everything goes haywire.