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    British Economy Near Bankruptcy?

    'Until things are brighter, I'm the man in black.'

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    Re: British Economy Near Bankruptcy?

    Today they reached 86 basis points, near Portuguese debt in the league table. For good reason. Alistair Darling has had to admit that the British economy faces the most sudden economic collapse since World War Two, and the worst budget deficit of any major country in the world.
    Ok, this is a lot lower than Iceland, Ukraine, Hungary, and other clients of the IMF, but is significantly higher than Germany (35), USA (43), and France (49).


    Let Prohm's Posse Ride: Georges, Georgios, 3sus, Hallice, Deonte, Abdel, Monte, Matt, and McKaT.

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    Re: British Economy Near Bankruptcy?

    When Americans are sitting around talking about how deep your debt is, you pretty much know you're screwed.



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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by Cyclonepride View Post
    When Americans are sitting around talking about how deep your debt is, you pretty much know you're screwed.
    LOL


    'Until things are brighter, I'm the man in black.'

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    Re: British Economy Near Bankruptcy?

    This is Bush's fault.

    Why not.



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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by Knownothing View Post
    This is Bush's fault.

    Why not.
    I thought it was Canada's



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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by Knownothing View Post
    This is Bush's fault.

    Why not.
    I thought it was Canada's? Their damn strike is going to make the world go under.



  8. #8
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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by IcSyU View Post
    I thought it was Canada's
    Quote Originally Posted by cloneu View Post
    I thought it was Canada's? Their damn strike is going to make the world go under.



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    Re: British Economy Near Bankruptcy?

    [ame=http://www.youtube.com/watch?v=wOzG7bBylRo]YouTube - Blame canada[/ame]



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    Re: British Economy Near Bankruptcy?

    Yes, socialized medicine=good.



  11. #11
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    Re: British Economy Near Bankruptcy?

    Does their machine that prints money not work as good as our's?



  12. #12
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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by Wesley View Post
    Today they reached 86 basis points, near Portuguese debt in the league table. For good reason. Alistair Darling has had to admit that the British economy faces the most sudden economic collapse since World War Two, and the worst budget deficit of any major country in the world.
    Ok, this is a lot lower than Iceland, Ukraine, Hungary, and other clients of the IMF, but is significantly higher than Germany (35), USA (43), and France (49).
    what is the collective debt for all countries on this planet? Who owns the debt?

    Isn't this one giant bubble waiting to be popped?

    -keep


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  13. #13
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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by keepngoal View Post
    what is the collective debt for all countries on this planet? Who owns the debt?

    Isn't this one giant bubble waiting to be popped?

    -keep
    China.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

  14. #14
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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by brianhos View Post
    China.
    Really makes you think China is positioning themselves to be an economic/political superpower once they decide to start collecting.



  15. #15
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    Re: British Economy Near Bankruptcy?

    Quote Originally Posted by BryceC View Post
    Really makes you think China is positioning themselves to be an economic/political superpower once they decide to start collecting.

    Think about this. What if China stops buying the crappy worthless paper debt other countries are producing? Who is going to buy it? How much are you going to have to raise the rates in order to get buyers? Money is going to be the big bubble then, and we cannot just print more like we do now because it will cause hyper inflation.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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