Moody's Investors Service has downgraded Britain's credit rating one notch from top-grade AAA to AA1, citing slow growth and a rising debt burden as reasons.
during the grerk crises most brits, mainly conservatives, had plenty of adivice for the greeks mainly were calling for the greeks to defult and re introduuce the dhrahme. now it looks like the greeks should return tbe favour and advice the brits how to deal with debts.
Unbelievable, with all of the riches Great Britain has stolen from all around this world for centuries, how can they have a debt crisis? LIVE WITHIN YOUR MEANS!!!!
For those ex-Yu readers who don't understand this story, here is a summary.
The British government has created (printed pounds) between £1-2 trillion over the past 4 years. It says it has done this to save the British banking system and economy from crashing.
Had the British government invested this £2 trillion in new infrastructure and employed a million unemployed Britons to build new roads, railways, schools, old-peoples' homes and hospitals, then Britain would be a much richer and happier place than it is today.
Instead of investing this £2 trillion, the British government gave this money to private banks and financiers - the Global Elite.
The Global Elite has used this free money to buy gold and other precious metals, to buy businesses around the world, to buy oil-fields and other mineral resources.
When the western financial system finally collapses, the Global Elite will own most of the planet and the rest of us will either starve or become their slaves. That is their plan anyhow.
For what it's worth, I think things will pan out rather differently, and that the world will be racked by revolutionary movements and many of those who hope to rule us will lose their heads - but that is another story.
Britain is not a AAA country or even AA. It is a XXX country.
For the past three years Osborne has been lying to the British people that the country was well on the road to economic recovery.There has never been a recovery but just along slump bordering on depression.It's called debt spiral,as with households,so with government,when people get into debt spiral they lie to themselves unable to face the truth,they go borrowing from the banks,then they borrow from their credit cards to pay the banks and continue until the run out of lenders.
Few posters on this site have predicted this development but Osborne's head in the sand attitude that has followed and continues is something to behold.The essence of the situation is that the UK economy is now out of control and I was really surprised by the comments made by Soros (not a friend of mine)the other day that the UK's public & private debt is equal to a mind-boggling figure of 900% of GDP.
The truth is the political classes in UK are both unable and unwilling to implement measures needed to reverse over half a century of state enlargement and its associated,unsustainable largesse because it allows politicians to get elected and retain power.
It now seems the only game left in town for Osborne and the bank of England is printing money which deliberately destroys people's savings with a policy of rampant inflation.Then again I wouldn't expect anything more from a man with a second class degree in history in charge of £1.9 trillion economy.
For the past three years Osborne has been lying to the British people that the country was well on the road to economic recovery.There has never been a recovery but just along slump bordering on depression.It's called debt spiral,as with households,so with government,when people get into debt spiral they lie to themselves unable to face the truth,they go borrowing from the banks,then they borrow from their credit cards to pay the banks and continue until the run out of lenders.
Few posters on this site have predicted this development but Osborne's head in the sand attitude that has followed and continues is something to behold.The essence of the situation is that the UK economy is now out of control and I was really surprised by the comments made by Soros (not a friend of mine)the other day that the UK's public & private debt is equal to a mind-boggling figure of 900% of GDP.
The truth is the political classes in UK are both unable and unwilling to implement measures needed to reverse over half a century of state enlargement and its associated,unsustainable largesse because it allows politicians to get elected and retain power.
It now seems the only game left in town for Osborne and the bank of England is printing money which deliberately destroys people's savings with a policy of rampant inflation.Then again I wouldn't expect anything more from a man with a second class degree in history in charge of £1.9 trillion economy.
For those ex-Yu readers who don't understand this story, here is a summary.
The British government has created (printed pounds) between £1-2 trillion over the past 4 years. It says it has done this to save the British banking system and economy from crashing.
Had the British government invested this £2 trillion in new infrastructure and employed a million unemployed Britons to build new roads, railways, schools, old-peoples' homes and hospitals, then Britain would be a much richer and happier place than it is today.
Instead of investing this £2 trillion, the British government gave this money to private banks and financiers - the Global Elite.
The Global Elite has used this free money to buy gold and other precious metals, to buy businesses around the world, to buy oil-fields and other mineral resources.
When the western financial system finally collapses, the Global Elite will own most of the planet and the rest of us will either starve or become their slaves. That is their plan anyhow.
For what it's worth, I think things will pan out rather differently, and that the world will be racked by revolutionary movements and many of those who hope to rule us will lose their heads - but that is another story.
Britain is not a AAA country or even AA. It is a XXX country.
Unbelievable, with all of the riches Great Britain has stolen from all around this world for centuries, how can they have a debt crisis? LIVE WITHIN YOUR MEANS!!!!
during the grerk crises most brits, mainly conservatives, had plenty of adivice for the greeks mainly were calling for the greeks to defult and re introduuce the dhrahme. now it looks like the greeks should return tbe favour and advice the brits how to deal with debts.
Unbelievable, with all of the riches Great Britain has stolen from all around this world for centuries, how can they have a debt crisis? LIVE WITHIN YOUR MEANS!!!!
during the grerk crises most brits, mainly conservatives, had plenty of adivice for the greeks mainly were calling for the greeks to defult and re introduuce the dhrahme. now it looks like the greeks should return tbe favour and advice the brits how to deal with debts.
For the past three years Osborne has been lying to the British people that the country was well on the road to economic recovery.There has never been a recovery but just along slump bordering on depression.It's called debt spiral,as with households,so with government,when people get into debt spiral they lie to themselves unable to face the truth,they go borrowing from the banks,then they borrow from their credit cards to pay the banks and continue until the run out of lenders.
Few posters on this site have predicted this development but Osborne's head in the sand attitude that has followed and continues is something to behold.The essence of the situation is that the UK economy is now out of control and I was really surprised by the comments made by Soros (not a friend of mine)the other day that the UK's public & private debt is equal to a mind-boggling figure of 900% of GDP.
The truth is the political classes in UK are both unable and unwilling to implement measures needed to reverse over half a century of state enlargement and its associated,unsustainable largesse because it allows politicians to get elected and retain power.
It now seems the only game left in town for Osborne and the bank of England is printing money which deliberately destroys people's savings with a policy of rampant inflation.Then again I wouldn't expect anything more from a man with a second class degree in history in charge of £1.9 trillion economy.
For those ex-Yu readers who don't understand this story, here is a summary.
The British government has created (printed pounds) between £1-2 trillion over the past 4 years. It says it has done this to save the British banking system and economy from crashing.
Had the British government invested this £2 trillion in new infrastructure and employed a million unemployed Britons to build new roads, railways, schools, old-peoples' homes and hospitals, then Britain would be a much richer and happier place than it is today.
Instead of investing this £2 trillion, the British government gave this money to private banks and financiers - the Global Elite.
The Global Elite has used this free money to buy gold and other precious metals, to buy businesses around the world, to buy oil-fields and other mineral resources.
When the western financial system finally collapses, the Global Elite will own most of the planet and the rest of us will either starve or become their slaves. That is their plan anyhow.
For what it's worth, I think things will pan out rather differently, and that the world will be racked by revolutionary movements and many of those who hope to rule us will lose their heads - but that is another story.
Britain is not a AAA country or even AA. It is a XXX country.
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