The end of Britain

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Jesus that was pretty bleak,i lasted until they mentioned offshore "Bolt holes" where you can make a handy profit during the coming debt crisis. If there's food riots and social breakdown like the guy suggests then i'll be heading to the posh houses that's for sure :raisehat:
 
Very interesting at a time when Alistair Darling is refusing to say what voting no to independence will mean to Scotland.

Not the job of Better Together to define a No vote...

Now I am not naive enough to think all these financial issues will disappear as soon as the Saltire is flying over Edinburgh Castle, but I would sure as hell have more faith in whoever Scots voted into our first Independent Government to start combating these issues in a way which means the least damage to those most vulnerable.

We are after all an energy rich and highly skilled nation.

To keep things in the hands of those who have already created the mess, well was it not just a week or so ago that Westminster borrowing exceeded their own limits once again?
 
Pretty shocking that despite all these cuts and tax rises the debt is snowballing. Blame it on Lloyd George!

Very bleak. I plan to take my money out my account and invest in a shotgun:-)
 
Ok finished watching and whilst it's educational, always good to understand economics, interest rates etc, it's clear scaremongering. Your avg Joe aint gonna understand how to invest even if they have the bucks to buy the magazine nvm investments.

Ive no money for the govt to pillage and if the bank collapses so will my pension. Any financial gurus know how to get at a pension?:-) Serious question!
 
SirRiordan said:
Ok finished watching and whilst it's educational, always good to understand economics, interest rates etc, it's clear scaremongering. Your avg Joe aint gonna understand how to invest even if they have the bucks to buy the magazine nvm investments.

Ive no money for the govt to pillage and if the bank collapses so will my pension. Any financial gurus know how to get at a pension?:-) Serious question!
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I hope it's scaremongering, but I'm not sure; after all I've been saying the same things long enough.

Despite that, I can't help but feel it somehow can't be as bad logic and maths suggests, but that is indeed what the logic and maths suggest. And the history.
 
In theory everything they say appears to be true. Interest rates are rock bottom and when they go up, even just a smidge, Westmimster is goosed. Crazy to think that in early 80's they were 15% compared to todays 2!

How is it possible though for the coalition to be racking up so much debt despite cuts and tax rises? It basically looks like our parents and grandparents have had a hell of a party and left us to clear up, though to be fair its more about polititians not taking tough decisions. Old Harold macMillan sussed it but the truth wasnt popular.
 
SirRiordan said:
In theory everything they say appears to be true. Interest rates are rock bottom and when they go up, even just a smidge, Westmimster is goosed. Crazy to think that in early 80's they were 15% compared to todays 2!

How is it possible though for the coalition to be racking up so much debt despite cuts and tax rises? It basically looks like our parents and grandparents have had a hell of a party and left us to clear up, though to be fair its more about polititians not taking tough decisions. Old Harold macMillan sussed it but the truth wasnt popular.
Click to expand...

Well that's the problem with debt it starts to snowball - not least due to the cost of servicing existing debt, while you borrow more. The whole Tory cuts thing is bollocks - all they've done is reduce the rate at which debt is increasingly, and fractionally so. In fact that may even have reversed. Mind you, if you want a real fright google the amount of debt Obama's regime is racking up.
 
I just googled the wiki entry for the magazine concerned. Amusingly, while acknowledging their correct forecasts against the tide (though damned with faint praise as being contrarian in nature) it goes on - in an entry seemingly predating ye crash - to criticising 'shock' tactics such as forecasting house prices dropping 50%. Well we're not there yet granted but another quick google suggests from peak we dropped a third and we may not be done yet.
 
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