ARmy Rumour SErvice

When the Euro falls and it will it will Britain will feel some of the pain.
That is not necessarily a bad thing. If the deficit reduction plan falters and the markets get jittery then it will force up UK interest rates. Part of the problem with the UK is the vast amounts of personal debt that is stuck in the system. This problem needs to be tackled otherwise we will never get back to a growth economy model. Far better for it be purged quickly and whilst that will be painful for those affected is is a necessary part of the economic cycle. Flush out the debt and the problems at the root will start to sort themselves out.

All political parties know this but to take steps to make it happen would be electoral suicide as clearly the welfare state would also need to be cut quite drastically. (The Tories remember well the damage Black Wednesday did them).

There needs to be an external trigger event, when it comes they will use it.

Originally Posted by geezer466

When the Euro falls and it will it will Britain will feel some of the pain.
That is not necessarily a bad thing. If the deficit reduction plan falters and the markets get jittery then it will force up UK interest rates. Part of the problem with the UK is the vast amounts of personal debt that is stuck in the system. This problem needs to be tackled otherwise we will never get back to a growth economy model. Far better for it be purged quickly and whilst that will be painful for those affected is is a necessary part of the economic cycle. Flush out the debt and the problems at the root will start to sort themselves out.

All political parties know this but to take steps to make it happen would be electoral suicide as clearly the welfare state would also need to be cut quite drastically. (The Tories remember well the damage Black Wednesday did them).

There needs to be an external trigger event, when it comes they will use it.

I agree. If UK were very, very lucky, a new resolute leader might emerge who could use economic chaos as an opportunity to start cutting through the Gordian knot of 60 years' worth of socialist bloat. The State (principally the welfare state) ought to be slashed by at least 50% if there is to be any sort of sustainable economy in the future.

(Personally, I'd be happy to see a right-wing coup, so long as the current generation of politicians were taken outside and shot - or perhaps donated en masse to Afghanistan, Iraq and Somalia as aid-in-kind to help them form shite governments in the western manner...)

Originally Posted by 4(T)

I agree. If UK were very, very lucky, a new resolute leader might emerge who could use economic chaos as an opportunity to start cutting through the Gordian knot of 60 years' worth of socialist bloat. The State (principally the welfare state) ought to be slashed by at least 50% if there is to be any sort of sustainable economy in the future.

(Personally, I'd be happy to see a right-wing coup, so long as the current generation of politicians were taken outside and shot - or perhaps donated en masse to Afghanistan, Iraq and Somalia as aid-in-kind to help them form shite governments in the western manner...)

I think it can be argued that many within the Labour Party have set out to wreck Britain economically by doling out welfare to the undeserving,foreign aid and allowing the EU to decimate British industry.Harriet Harman and Peter Mandleson must be prominent candidates for this.The former through her hatrid of capitalist(white) Britain and the latter because he was gaining finanicially in the process.Gordon Brown was the bufoon who allowed these 2 to wreak havoc.

It's going to be long,hard and their will be lots of withdrawals.

Think we are all in for a rough ride but what ever happens it is up to us to look after our own interests. The Euro is a busted flush and the bastards want to take us with them.

No matter what happens now, major revolution is on it's way, it is unavoidable.

Greece, the very cradle of civilisation, has now run out of ready's and her finance's have collapsed.

The Euro has done a Titanic on us and is sinking by the head.

And every member of the rat race is still knocking themselves out to be millionaires!

O' the financing madness of the 21st century.

It was greed, NOT need, that did it.

Originally Posted by AIR FILTER

No matter what happens now, major revolution is on it's way, it is unavoidable.

Greece, the very cradle of civilisation, has now run out of ready's and her finance's have collapsed.

The Euro has done a Titanic on us and is sinking by the head.

And every member of the rat race is still knocking themselves out to be millionaires!

O' the financing madness of the 21st century.

It was greed, NOT need, that did it.

$2tn bail out fund on its way. Fuck me. That's insane.

And the olive-skinned, work-shy socialist lunatics are still going to default.

Seen on the BBC earlier today.....

Quite a Candid View I bet the producer was out taking a piss as this view would have frightened the sheeple. It never got a second airing.

Trader on the BBC says Eurozone Market will crash - YouTube

Is there any way to embed you tube vids in the page here? I have searched the FAQ and it is silent on the matter.

Here you go: