UK is not OK.

Discussion in 'Europe and Russia' started by panduranghari, Mar 29, 2012.

  1. panduranghari

    panduranghari Senior Member Senior Member

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    The U.K. Is Not O.K. | Grant Williams | FINANCIAL SENSE

    Britain is fcuked. But we already knew that.
     
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  3. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Mate, cam you give some reasons why it is -----ed? I have a few assumptions and i need some one to confirm it;) But please give us some heads up on this:yo:
     
  4. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    UK deficit reductions are based on over 3% growth. The reality is the UK is only growing .5%, a third the rate of France. Their inflation is twice as high. They are in stagflation with the only inflationary easing due to a new economic slowdown. If you calculate the REAL projected deficit, it is going to be at Greek levels.
     
  5. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    I know Armand, but what are the reasons for the Deficits in the first place?
     
  6. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    Stagflation... before the downturn the UK budget was in surplus. Labour started stimulating the economy by increased spending and the Tories are continuing the policy. It isn't working.
     
  7. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    I think the Stagflation;) is due to the Welfare programs and unabated govt spending. Am i wrong?
     
  8. panduranghari

    panduranghari Senior Member Senior Member

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    Actually it is worse than Greece.

    The level of sophistry is remarkable.
     

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  9. panduranghari

    panduranghari Senior Member Senior Member

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    I think you kind of answered the question in your reply to Armand.

    They are like a drug junkie who needs its next fix. If they do not print money out of thin air, the basic services will shut down. No free NHS, no free child education, no welfare, no housing allowance.

    If there is no hyperinflation in the UK, I will change my real name. The advantage to those who can afford it would be to buy as much physical gold in personal possession and later buy prime London property for relatively low price. Something close to Knightsbridge or perhaps Chelsea or maybe Horseguards Parade.
     
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  10. pmaitra

    pmaitra Moderator Moderator

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    Well said. Print money out of thin air with no gold to back up the currency, thus reducing the worth of each currency unit in circulation.
     
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  11. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Exactly where India is heading Under UPA-:heh:. So i am right on both accounts-;)
     
    Last edited: Mar 30, 2012
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  12. Mad Indian

    Mad Indian Proud Bigot Veteran Member Senior Member

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    Now i think i am sure you are a center right on economics and politics with secular/liberal ideology wrt religion:heh:
     
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  13. panduranghari

    panduranghari Senior Member Senior Member

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    Did you know George Osborne introduced a pasty tax i.e if you buy a hot sandwich you pay 20% VAT. If you buy cold one you do not pay one. He is so out of touch, its breathtaking.

    Cameron is a a descendent of Royalty. He is 5th degree relation to Elizabeth 2.

    These guys are the same type of people who are related to Churchill who was the financial minister during the great Madras Famine in 1878. The mind boggles.
     
  14. Blackwater

    Blackwater Veteran Member Veteran Member

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