UK back in Recession

Originally Posted by Osem

Labour's profligacy, waste and ineptitude and regulatory failures exposed the UK to an extent which needn't have been the case. They gambled that borrowing and spending as if there was no tomorrow would keep them in power. Sadly for us it did and thereby made our economy even more susceptible to other, world, events.

It did but it's all a bit vague. Regulatory failures is the most difficult as these were international organisations operating all over the place. There were few calls from tighter regulation and few from the Conservatives in opposition. An attempt to increase regulation at a time when banks were rolling in money would have been seen as counter-productive and hostile to business and they would have equally been attacked for that. There is quite a lot of hindsight there. I agree they should have cut the deficit and the debt whilst the money was coming in however.

At the end of the day these are the reasons Labour was voted out. Labour's incompetence doesn't excuse the Conservatives/Liberal Democrats from failing to improve the economy. They are now the Government. That Labour are perceived to be worse is also not an excuse, just means we have a poor choice at the next election.

It's been two years. The honeymoon is over.

The US is far from out of the woods in spite of the billions Obama's thrown at it.

Seems to be getting better month on month however. We've showed no progress at all. The car industry is getting better over there as well.

[Osem]

Originally Posted by Damien

It did but it's all a bit vague. Regulatory failures is the most difficult as these were international organisations operating all over the place. There were few calls from tighter regulation and few from the Conservatives in opposition. An attempt to increase regulation at a time when banks were rolling in money would have been seen as counter-productive and hostile to business and they would have equally been attacked for that. There is quite a lot of hindsight there. I agree they should have cut the deficit and the debt whilst the money was coming in however.



Seems to be getting better month on month however. We've showed no progress at all. The car industry is getting better over there as well.

Thw FSA a chocolate teapot and eventually admitted their failures. Nobody's saying the UK could have been immune from what was going on elsewhere but nobody other than the govt. of the time was culpable for the lack of regulation given that they'd had the time and the power to intervene. Brown was warned about the problems brewing and chose to ignore the bad news and keep on spending.

As for the US well I doubt if they were as encumbered by EU membership etc. as we are they'd be performing any better than the UK.

Originally Posted by Osem

As for the US well I doubt if they were as encumbered by EU membership etc. as we are they'd be performing any better than the UK.

It's not EU membership, it's the fact our banks and other industries are tied up with the rest of Europe that's the problem. We're exposed to their debt problems. We're not part of the Euro so the only way that harms us is the aforementioned exposure to the debt if the currency goes under.

We should look to see if anything they did could work here instead of continuing with the same plan that has done squat for the last year and a bit.

[mertle]

You know what I starting to believe something very sinister about all this.

I watched this 3 1/2 about banks the money men Its long listen but its frightening how they played governments.

Now initially BOE very powerful ugly private bank despite onus sounded government run. Now we can assume after banking act back in public hands. Some serious stuff on how banking works.

http://www.youtube.com/watch?v=_9wYu...eature=related

I starting to think its neither fault going out on limb here as now seeing very a nasty picture what going off.

If we seeing indicators power banks posses IMF call we going into credit crunch 2. So the Quantative Easing from osbourne would not work as BOE has control of spending it.

http://news.sky.com/home/business/article/16212857

I will say this it wont matter who in power neither will be able to rectify it. As the whole thing setup which stinks.

Boom or bust is preogative the banks those who own the banks secret owners. Governments and us the people are there puppets.

We been duped bigtime until we all collectively wake up including politians. United world take the money men on and the banks. The sooner we get control back control the economy the better.

Recession is simply banks not lending, the booms created when banks release funds. Who when decides this its like a chess game some day it going to be checkmate. The money men make money when it happens as repossesions of business/housing happens. Same with wars they make profits from countries borrowing for a war effort.

They played the governments to get control of all governments. I dont trust advice which is effectively telling us to crash uk economy. As austerity will end up doing. There great saying if in doubt do nothing. That should been the case what was paramount was keep jobs make sure economy ticked.

So can we trust IMF anymore certainly bond holders who cracking whips shafting countries. If you dont think ultimate goal power who runs greece. The bond holders those pushing austerity to break countries knowing full well while they own banks freeze lending economy suffers. Who will be the unlisted secret names who got the banks lets have educated guess those who own the bonds the top 1%?.

Take it further down the road within 20 years banks/money men will control every country in the land as one by one they force there game on us all. Greed dictatorship no voting countries will not have Presidents, Prime Ministers, senates or MP's. We will have CEO's and board directors.

Its about world domination. They started the ball rolling when they served us crisis hoping to dupe governments into bailouts.

Governments will just tinker its not them who will sort the mess out it dont matter if your colour blue or red. Debt wont cease as debt there to control us by banks.

They know governments got to keep economy moving to do it goto use money buy getting into debt especially if banks deliberately not lending to businesses.

It might be crazy to think this maybe some posters might think its daft but it does add up. Tell me I am wrong as would love it to be the case.

You do seem to have a penchant for conspiracy theories....

[mertle]

Originally Posted by Hugh

You do seem to have a penchant for conspiracy theories....

Believe me want it wrong but watch the vid he actually predicted all this that was 15 years before it happened.

All the I's and T's do add up now what there end game anybody guess I think its global ownership of countries. Why we all collectively being told to crash all the economies. When governments went to bail banks out they gave them oportunity. What purpose does it serve who gains Hugh.

So how did he predict something nobody saw coming. If those names got nothing hide why not reveal them. Why are the protected by royal charter.