IDS

[enyam]

When it is rebuilt it will be the East that is King.

But it's their money that won't be paid back so they won't want to invest again.

 

[joe-90]

They'll never get their money back (which doesn't really exist anyway). But they'll have the factories like England had during the Industrial Revolution.

 

[cantaloup63]

Therein lies the problem - we don't manufacture anything from raw materials with which we can trade. Just walk into any shop (and we are a nation of shopkeepers!) and look at where most of the goods are manufactured.

The concept of the UK making it's money via becoming a global financial services centre was always high risk and IMO doomed to failure, as is demonstrably the case. Add on the cheap foreign labour costs (especially sweatshops abroad, in countries that will have learned the lesson by observing capitalist states) then the picture becomes even more bleak.

Finally, sign on to expensive policies which involves importing even more skills and goods.....

 

[enyam]

That is probably why they want to limit benefits to £500 a week because they know through their policies that more and more will be on the dole.

 

[cantaloup63]

That is probably why they want to limit benefits to £500 a week because they know through their policies that more and more will be on the dole.

Yep, but as joe has pointed out, this won't be sufficient to keep the bailiffs from knocking the door.

 

[joe-90]

Who will work for £200 per week when they can get £500 for not working? It's economics of the madhouse.

 

[enyam]

]Yep, but as joe has pointed out, this won't be sufficient to keep the bailiffs from knocking the door.

But its an ever decreasing circle,the housing stock won't be worth nothing so there will be no point in grabbing them back.It ain't going to happen,the talks on the Greece debt as been ongoing for months now with headlines almost weekly of the last chance saloon,what do they do, talk some more.

 

[joe-90]

There is no solution - and they know it. They are talking it up, hoping that confidence will return and the economies to grow.

 

[enyam]

There is no solution .

Print more money? does it work, with out the extra billions printed by the BofE would we be worse off than now, if yes then it work's if no where as it gone.

 

[joe-90]

The economy is like a glass of cordial. You can keep adding water to get more of it - but what you end up with is something too weak to be of any use.

 

[sameold]

The economy is like a glass of cordial. You can keep adding water to get more of it - but what you end up with is something too weak to be of any use.

The car building industry is very strong