UK facing "worst economic crisis in 60 years"

  • Thread starter St Georges Day April 23rd
  • Start date

S

St Georges Day April 23rd

The UK is facing its worst economic crisis in 60 years, Chancellor
Alistair Darling has admitted.

Shadow Chancellor George Osborne said Mr Darling had "let the cat out
of the bag" about the state of the economy.

He said that voters were "pissed off" with Labour's handling of the
economy, a key issue at the next election, and said it was "absolutely
imperative" that ministers communicated their intentions better.

http://www.stormfront.org/forum/showthread.php/uk-facing-worst-economic-crisis-518391.html
 
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W

William Black

message
The UK is facing its worst economic crisis in 60 years, Chancellor
Alistair Darling has admitted.

Shadow Chancellor George Osborne said Mr Darling had "let the cat out
of the bag" about the state of the economy.

He said that voters were "pissed off" with Labour's handling of the
economy, a key issue at the next election, and said it was "absolutely
imperative" that ministers communicated their intentions better.
I listened to the Tories trying to make something of this on the radio this
morning.

Their only argument is 'He should have lied to help rich businessmen'.

The fact is that the economy is a basket case because of greedy bankers who
aren't regulated in any meaningful manner.

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.
 
S

St Georges Day April 23rd

We could do with those gold reserves Gordon the Brown-nose sold off at
a massive loss(a loss for us Brits at least).The rotten edifice is
crumbling nicely.I can`t see how call-me-Dave will be able to pull off
another Thatcherite economic "miracle", seeing as everything`s already
been sold off to foreigners. Let the "bad" times roll!
 
T

\The Rifleman\

I listened to the Tories trying to make something of this on the radio
this morning.

Their only argument is 'He should have lied to help rich businessmen'.

The fact is that the economy is a basket case because of greedy bankers
who aren't regulated in any meaningful manner.
Wrong its a basket case because of socialist policies, they always fail
because socialism relies on the ever declining numbers of tax payers bailing
out ever more scroungers. We need to cut the social benefits handouts by
90%, Stop JCS, Stop Housing benefit, Stop Council tax benefit, only help
the elderly who have worked and paid taxes, not the scum who blew their
money in the pub for the last 60 years like most left wing scum.
 
J

Jon°

Wrong its a basket case because of socialist policies, they always fail
because socialism relies on the ever declining numbers of tax payers bailing
out ever more scroungers. We need to cut the social benefits handouts by
90%, Stop JCS, Stop Housing benefit, Stop Council tax benefit,  only help
the elderly who have worked and paid taxes, not the scum who blew their
money in the pub for the last 60 years like most left wing scum.
There is an old axiom which states that “You cannot give money
away”. It is certainly a truism as far as the British mortgagees are
concerned. In their mad rush for business they have been lending up
to 125% of the value of properties that they have given mortgages
on……………..Sheer madness. They have only done so because by showing
huge growth, the execs. could claim handsome bonuses running into
millions. The government (the Lib/Lab/Con Party) have allowed this
to carry on because it has helped build up a thriving economy which is
in fact……………Totally false. This is why service industries, retailers,
builders, pubs, restaurants etc etc, are going to go belly-up by the
score.

I personally believe that their should be an enquiry into the way some
building societies and banks have behaved in the past few years.
Northern rock is a good example of a company growing to big for its
financial boots. In a properly organised society, some big names
would be heading for a spell behind bars for what they have allowed
and encouraged to happen.

Houses are now in a steep decline and will continue this way for a
long time yet. They are far to expensive. They have only reached the
ridiculous prices that they are now because lenders have been lending
foolishly, even criminally some may think. This has allowed prices to
rise inexorably to the levels they are at now.

You can “betcha-life” that The Lib/Lab/Con Party will try to cover
this steep decline by allowing inflation to rip. If houses drop by
say, just 10% annually for the next three years, that will be a
much larger drop then it seems. Inflation is a governments way of
stealing from the people, to a visible fall of say around 30% you will
have to add the inflation rate, therefore over three years that could
be around 60% or even more. The banks will be saved this way and the
Lib/Lab/Con Party can spin, spin and spin its way out of the
situation . Only the folks who were silly enough to vote for these
trollops will suffer.

We are in for a decade of financial depression, reality will clear the
air though, we will begin to see the world as it really is.

Hm!………..Quarter of a million pound a week footballers, semi-detached
ordinary properties selling for hundreds of thousands of pounds,
media personalities reaping in billions for doing nothing. And the
rest of the make-believe Disney land world that we have been living in
will go “phut”.
 
A

abelard

There is an old axiom which states that “You cannot give money
away”. It is certainly a truism as far as the British mortgagees are
concerned. In their mad rush for business they have been lending up
to 125% of the value of properties that they have given mortgages
on……………..Sheer madness. They have only done so because by showing
huge growth, the execs. could claim handsome bonuses running into
millions. The government (the Lib/Lab/Con Party) have allowed this
to carry on because it has helped build up a thriving economy which is
in fact……………Totally false. This is why service industries, retailers,
builders, pubs, restaurants etc etc, are going to go belly-up by the
score.

I personally believe that their should be an enquiry into the way some
building societies and banks have behaved in the past few years.
Northern rock is a good example of a company growing to big for its
financial boots. In a properly organised society, some big names
would be heading for a spell behind bars for what they have allowed
and encouraged to happen.
the clown put in place a regime that was bound to achieve
such results....

the banks have now gotten their 'customers'/mugs heavily over
committed...the great majority of those will struggle for years
to keep paying the banks....

if banks do get into difficulty the clown will seek to bail them
out with taxes...every large scale banker knows that....
Houses are now in a steep decline and will continue this way for a
long time yet. They are far to expensive. They have only reached the
ridiculous prices that they are now because lenders have been lending
foolishly, even criminally some may think. This has allowed prices to
rise inexorably to the levels they are at now.
trying to shift government responsibility onto banks is
economic illiteracy and political tripe served up to the
ignorant....
You can “betcha-life” that The Lib/Lab/Con Party will try to cover
this steep decline by allowing inflation to rip.
the clown has been running a heavily inflationary policy as
i have been warning you for many years....

the clown was bequeathed controlled inflation....he has pissed
it away as socialists always do...
inflation is just another word for 'tax'
If houses drop by
say, just 10% annually for the next three years, that will be a
much larger drop then it seems. Inflation is a governments way of
stealing from the people, to a visible fall of say around 30% you will
have to add the inflation rate, therefore over three years that could
be around 60% or even more. The banks will be saved this way and the
Lib/Lab/Con Party can spin, spin and spin its way out of the
situation . Only the folks who were silly enough to vote for these
trollops will suffer.

We are in for a decade of financial depression, reality will clear the
air though, we will begin to see the world as it really is.
you don't understand money or politics...
or the intimate relationships between them...

you don't understand the modern world....

you are sheep...the place of a leftist government place is to sheer
you regularly and fatten you up for christmas....
leftist governments believe you are cattle...often they are not
disappointed...
treat people as cattle and they end up mooing...just as you are
doing right now....
Hm!………..Quarter of a million pound a week footballers, semi-detached
ordinary properties selling for hundreds of thousands of pounds,
media personalities reaping in billions for doing nothing. And the
rest of the make-believe Disney land world that we have been living in
will go “phut”.
this last is absolute irrelevancy......just more dumb socialist class
envy

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
--------------------------------------------------------------------------------
all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------
 
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D

Dr Quite

William Black said:
message


I listened to the Tories trying to make something of this on the radio
this morning.

Their only argument is 'He should have lied to help rich businessmen'.
Which programme was this?
The fact is that the economy is a basket case because of greedy bankers
who aren't regulated in any meaningful manner.
That's a fact?
 
T

\The Rifleman\

Churchill had the labour party summed up perfectly when he said " The lefts
idea of creating wealth is through high taxation and high public spending,
thats exactly the same as standing in a bucket and trying to lift yourself
up".

Capitalism is sadly the unequal sharing of wealth, but socialism is the
equal sharing of misery, as all those parasites, scroungers and fools who
voted for Blair and Brown are now finding out. Wilson / Callaghan / Healy
were exactly the same and just as disasterous.
 
A

abelard

Churchill had the labour party summed up perfectly when he said " The lefts
idea of creating wealth is through high taxation and high public spending,
thats exactly the same as standing in a bucket and trying to lift yourself
up".

Capitalism is sadly the unequal sharing of wealth, but socialism is the
equal sharing of misery, as all those parasites, scroungers and fools who
voted for Blair and Brown are now finding out. Wilson / Callaghan / Healy
were exactly the same and just as disasterous.
it is unfair to ignore the great blame that must attach to the leftist
coup in the tory party, which has left the country leaderless for
ten years, until cameron (with a short intermission with ids)...

the tory party is guilty of great dereliction of duty thereby allowing
the ten years of (habitually) destructive socialism...
imv there is greater blame for that tory failure than any failure
of 'new' labour....anyone sane expects socialists to behave as
they have....
tories know a great deal better and are therefore more culpable


--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
--------------------------------------------------------------------------------
all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------
 
C

count zero

If the Government spent cash saving Jaguar instead of Northern Rock
and didn't give so much away in overseas aid and too welfare
scroungers who they reward with a free council house then UK would be
in much better state.
 
T

\The Rifleman\

count zero said:
If the Government spent cash saving Jaguar instead of Northern Rock
and didn't give so much away in overseas aid and too welfare
scroungers who they reward with a free council house then UK would be
in much better state.
Note how the companies that fail badly are the ones with a long history of
trade unionism ?, British steel, rover/ BL, British shipyards,. NCB etc etc
we should only support companies that ban trade unions.
 
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I

Ivan

Jon° said:
There is an old axiom which states that “You cannot give money
away”. It is certainly a truism as far as the British mortgagees are
concerned. In their mad rush for business they have been lending Up
to 125% of the value of properties that they have given mortgages
on……………..Sheer madness.

Remember the guy who used to post here under the name of something like
'House Price Crash', irc he was frequently shouted down as being some kind
of crank, I haven't seen him about for quite a while, but if he's lurking
out there somewhere I'm willing to bet that he's wallowing in a little bit
of schadenfreude.
 
A

abelard

Remember the guy who used to post here under the name of something like
'House Price Crash', irc he was frequently shouted down as being some kind
of crank, I haven't seen him about for quite a while, but if he's lurking
out there somewhere I'm willing to bet that he's wallowing in a little bit
of schadenfreude.
may i bring to your attention
1)as yet there is nothing that can be reasonably described as a
'crash'...
2)that if your 'forecast' a crash in every market year after year,
eventually you'll be able to claim to be correct...it is the
stopped clock fallacy....
3)if people had gone out of the market at the point of the first
posters babbling about 'crashes'...they would have missed a
great deal of the rise...

more to the point...
hindsight is a wondrous thing....the fact remains that nobody can
predict the future...nobody...
as confucius says, 'people who follow tipsters tend to lose shirts'

regards

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
--------------------------------------------------------------------------------
all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------
 
®

®i©ardo

William said:
message


I listened to the Tories trying to make something of this on the radio this
morning.

Their only argument is 'He should have lied to help rich businessmen'.

The fact is that the economy is a basket case because of greedy bankers who
aren't regulated in any meaningful manner.
Ah, so it's absolutely nothing to do with this bankrupt government then?
 
®

®i©ardo

abelard said:
it is unfair to ignore the great blame that must attach to the leftist
coup in the tory party, which has left the country leaderless for
ten years, until cameron (with a short intermission with ids)...

the tory party is guilty of great dereliction of duty thereby allowing
the ten years of (habitually) destructive socialism...
imv there is greater blame for that tory failure than any failure
of 'new' labour....anyone sane expects socialists to behave as
they have....
tories know a great deal better and are therefore more culpable
Ah, nothing to do with the voters at all, then?
 
®

®i©ardo

Ivan said:
Remember the guy who used to post here under the name of something like
'House Price Crash', irc he was frequently shouted down as being some
kind of crank, I haven't seen him about for quite a while, but if he's
lurking out there somewhere I'm willing to bet that he's wallowing in a
little bit of schadenfreude.
It's good to have a little bit schadenfreude to wallow in, oh yes.

:)
 
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A

abelard

Ah, nothing to do with the voters at all, then?
when the voters have no real choice....
when most people get very little useful social education...
http://www.abelard.org/civil/civil.htm

do you wish to 'blame' a chav who lives in a dysfunctional
(very likely work free) family and attended a sink state school
and has managed to leave at 16 (probably after some truancy)
in a semi-literate state....
to be able to make useful political decisions, let alone
to act effectively in a political context....?

--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc 1,552,396 document calls in year past
--------------------------------------------------------------------------------
all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
--------------------------------------------------------------------------------
 
W

William Black

Dr Quite said:
Which programme was this?
Today, BBC Radio 4.


--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.
 
I

Ivan

®i©ardo said:
It's good to have a little bit schadenfreude to wallow in, oh yes.

:)
As I frequently do, I'm pretty sure that I must have a slightly masochistic
streak in me somewhere!. Let me see now, where be that blackbird too, I know
where he be ;)
 
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T

tim.....

abelard said:
when the voters have no real choice....
And even if we accept that the parties are "different", many voters don't
get to choose. A vote for the Tories in Sheffield would be wasted, as would
a vote for Labour in Guildford.

tim
 

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