Immigration is has much to do with the economic problems in U.S. but not in U.K. or not? The true nature of the malise seems to be just over the horizon. Everybody was warned 10 to 15 years ago by Ross Perot as well as recently by Milton Friedman. Sounds like it is time to buckle our safety belts fellow travelors, it may be a rough ride when the sheet hits the fan. Feedback?
2007-11-05 14:31:36 · 7 answers · asked by JIM 4 in Politics & Government ➔ Immigration
The UK is not run from London - it is run by faceless suits in Europe, all the British Government do is translate it and and enforce it.
We were promised a vote regarding Europe - that didn't happen.
Our Government has given our country away.
2007-11-05 19:54:35 · answer #1 · answered by Debi 7 · 1⤊ 1⤋
I think it will be bad. I don't know why the government had a policy of credit based on inflated property valuations as a way to sustain a post industrial economy. Trouble is they are always saying we are a rich country when we're not. Our economy is supposed to be fifth biggest in the world or something. However, if you take our GDP and devide it by gross population you then arrive at the amount of wealth created per head of population. This methodology puts us well down the world wealth table. Add in the fact that Britain has a current account deficit and you can see that this country is like a large company with a huge turnover that is actually posting a yearly loss in it's final accounts. Not good.
2007-11-06 02:02:19 · answer #2 · answered by ketkonen 7 · 0⤊ 0⤋
I'd just like to know exactly who are these 'rampant spenders' of whom you speak! I am extremely mean with my money and do not owe a penny to anyone, save possibly the taxman.
People keep going on about how difficult it is do achieve this or that and then borrow vast sums of money, much of it is spent on totally non-essential things such as holidays abroad and so forth.
What people have done is got a mortgage and as soon as the value of their property has gone up a bit, they then borrow on the equity thereof. This is plain insanity.
The entire banking system is base on fraud. Most banks do not have any real money of their own. What they have are pieces of paper with fancy words written on them. In addition they also have our money, which they spend freely without asking our permission.
Don't want to scare you but what happened to Northern Rock is not a one-off. There is more and worse to come. It is now an open secret that Barclays Bank here in UK is being supported by the Bank of England.
Well, I just hope the B of E knows what it's doing because all of my savings are with them. They don't pay out much but it's safe; for now anyway.
If you'll take my advice, you will buy gold coins with your next pay cheque and stash them somewhere safe. Just keep adding to your pile of gold treasure. How much do you think a Kruger Rand is worth? A lot more than it's gold content.
2007-11-06 04:29:55 · answer #3 · answered by Anonymous · 1⤊ 0⤋
If America sneezes Britain catches a cold the saying goes. Since our economy is not based on sound economics but massive taxation and spin we will catch more than a cold. It may be that the Brown chickens are coming home to roost. Unfortunately it's the poor old British public who will get it in the neck as Brown and company disappear with their golden handshakes and inflation proof pensions.
2007-11-05 23:21:06 · answer #4 · answered by Rob Roy 6 · 1⤊ 0⤋
We are gonna have major social unrest in the UK.........
It surprises me... I visit lots of car forums, and there the guys are regularly spunking £300, £500, £1500... on all sorts of unnecessary design mods for the cars (ohhh... look at me... I'm gonna lower my car on special springs, or look at my new £300 air filter)..... when there is massive economic turmoil around the corner. They aren't saving for the bad times.
You can't have the banking/financial system under so much strain without a direct economic hit to the public. Many people will lose their jobs, house prices will fall, many will lose their homes. Too many people are over-extended into debt and have taken on too much of a burden. The music is stopping soon - for those who've over-stretched themselves, there will be blood in the streets.
2007-11-05 22:41:02 · answer #5 · answered by Narky 5 · 1⤊ 1⤋
Not good
2007-11-05 22:40:35 · answer #6 · answered by Anonymous · 1⤊ 0⤋
get out is "right now"
2007-11-05 22:46:24 · answer #7 · answered by Anonymous · 1⤊ 0⤋