how long can a false economy survive without collapse
2006-09-21 10:13:52 · 10 answers · asked by Anonymous in Politics & Government ➔ Government
Thank God there is somebody else out there that can see that we are living in a false economy.
History as shown as that over speculation brought about the South Sea Bubble, the Great Depression and I think we are flirting with a similar potential disaster.
We have created a false situation whereby the majority of people are living on credit.
2006-09-21 10:28:03 · answer #1 · answered by Bohemian 4 · 0⤊ 0⤋
On our contemporary direction i'd say 10 years tops. The CBO purely released a record asserting that by making use of 2018 the federal government would be spending $a million Trillion consistent with twelve months on purely activity, which will make it the only greatest price type. No usa can stay to tell the story that concern.
2016-10-01 05:33:57 · answer #2 · answered by vishvanath 4 · 0⤊ 0⤋
As this present government have lied from day one of their election telling another lie about the economy is no problem. We are told Gordon Brown is the finest Chancellor ever,taxes overall up by 10% since they came in. Pensions gone to Hell and this 'genius' sold some of our gold reserves when gold was low in price,losing many millions. The man never even ran a corner shop!.This country is in deep doo-dah and the chickens will come home to roost quite soon.
2006-09-21 10:28:39 · answer #3 · answered by Rob Roy 6 · 0⤊ 0⤋
I think if the Bank of England impose another interest rate rise( which seems inevitable with the way of the economy at the moment ) then not long as most are giving nearly all their salarys to the mortgage payments now and a further interest rise will cripple them.
2006-09-21 10:19:15 · answer #4 · answered by tonytucks 3 · 0⤊ 0⤋
House buying is the biggest government approved pyramid selling scam known to man. You get fictitious estimates for a pile of bricks which you cant really sell unless you have put in to buy bigger. You never realise the profits unless you leave the country and have fully paid up. JC! Even I am impressed. I wish I thought of that one. We are all battery chickens now! Enjoy!
2006-09-21 14:15:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I would think about 6 months after Brown leaves office. The truth will out.
2006-09-21 10:35:30 · answer #6 · answered by deadly 4 · 0⤊ 0⤋
Yes it is inevitable. I don't know what planet the people are on who actually believe the valuation of their homes. When it does burst **** will hit the fan
2006-09-21 10:22:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It will all come crashing down around us soon I reckon
2006-09-21 10:16:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Nobody votes nobody cares and you get what you deserve.
2006-09-21 10:17:20 · answer #9 · answered by Anonymous · 0⤊ 0⤋
can,,,,,,,,,if they knew to aproaching well
2006-09-21 10:17:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋