Triple A? But for how much longer?

[joinerjohn]

Bring back Gordon there was never a mention of downgrades under his stewardship,spend, spend, spend, its what makes the world go around.

Yep, just a shame he kept his bad eye on the economy.

 

[enyam]

The doom and gloomer's have been reading it wrong,George say's its an endorsement of his policies.hope springs eternal.

The chancellor said Moody's comments were an endorsement, not a criticism of the government's approach.

"It was a reality check for the whole political system that Britain has to deal with its debts, that we can't waver in the path of dealing with our debts," UK chancellor George Osborne told the BBC.

http://www.bbc.co.uk/news/business-17025012

 

[Norcon]

A country with nearly a quarter of its work force employed by the state is certain to go bust.

 

[Trazor]

A country with nearly a quarter of its work force employed by the state is certain to go bust.

Say thank you to Gordon.

 

[joe-90]

The problem is that if you make them unemployed they get nearly as much on benefits.

 

[ABCwarrior]

The problem only exists because we're playing the bankers stupid game. Tell them to F-off, write off the debt totally and start again with the government issuing currency and borrowing fictional dreamt up money illegal. They can't ask us for something that never really existed can they?
As for credit ratings- what bulls*it....time to get protectionist too- but that's not the end game for Europe is it? The Euro will facilitate the collapse of the economy and bring us ever closer to a one world economy/govt.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)

(Lincoln,Garfield,McKinley and JFK....all wanted to take control of the US currency from the international banks and return it to the people with government issued currency based on things of real value.
All assassinated.....)

Oh, and as for "Quantitative Easing"? Call a spade a spade FFS, it's INFLATION devaluing the currency further....


We're beyond the point of no return folks, hang on the ride's gonna be a rough one!

 

[joe-90]

We're beyond the point of no return folks, hang on the ride's gonna be a rough one!

When it ends we hit the buffers.

 

[pred]

As soon as the Euro goes down - it'll drag all of our banks with it. No need to wait until 2060.

Does that meen all the bankers will be jumping out of the top floor of high rise office blocks as they did 80 odd years ago??

 

[AronSearle]

Nah it won't work out like that, end of capitalism is whats needed.

Yes, let's destroy a system that has made us richer and more comfortable than at any point in history, and more than most of the world (until they adopted capitalism).

 

[masona]

It isn't working in Greece,

The problem is Greece and Italy are the the most corrupted country and they won't sort out their bribery and tax evasion

Germany (the strongest economy in Europe),

Isn't that because Germany are willingly to work unlike some of us in the UK because of the welfare system, I think the only way to get people working and the economy is to reduce the government spending in welfare

Doesn't matter which Government is in power, if people don't want to work then we have a problem

 

[AronSearle]

@ Masona

The Germans have a strong welfare state as well, but one thing they do very differently is they don't have a minimal wage.

Instead you can work for less (sometimes less than <2$ an hour), but the government makes up the difference, this is important because a lot of manufacturing is worth less than minimal wage.

We have lost a lot of work ethic because the of a "blind" welfare state, and minimal wage priced out a lot of work, and just stuck people on benefits (who may still work in the grey market).

Secondly Germany has done very well out of the Euro, they run a trade surplus with lot's of the Euro countries that are in debt.

Now see if you can join the dots in that last sentence.

 

[masona]

Secondly Germany has done very well out of the Euro, they run a trade surplus with lot's of the Euro countries that are in debt.

That's why I can't see the Euro ever working together because the balance will always be wrong

 

[AronSearle]

The Euro is the same model as the pound.

But the Germans don't want to bung money at the Greeks and Spaniards, like we do the Welsh and Scots.

 

[ABCwarrior]

Then give us our independence and our oil back matey.
England is an overbearing parasite can't wait to get shot of you lot.

 

[peaps]

Nah it won't work out like that, end of capitalism is whats needed.

Yes, let's destroy a system that has made us richer and more comfortable than at any point in history, and more than most of the world (until they adopted capitalism).

What % is that then?