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Experts Calling A Depression


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Unfortuntaly they spent ten years not reporting wtf was going on and this is where it got us, in fact they talked the talk of the scamsters. Right now they are talking/reporting a bit of reality for a change and even if they stopped talking, we would be in the same caca on account of the bad things have been done by the banksters and goverment/BOE etc and little can stop it, in fact a bit of negative hype can and will speed the process up rather than prolong the agony over many more years.

But nobody else is playing fair....King/Brown/Darling seem to be the only feckers in the world saying anything.....most other countries are keeping sthum unless they cant hide it anymore.....and that guy Quagmire has got a real shock coming being in N.Z....small islands liek that get banged the worst...ouch

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But nobody else is playing fair....King/Brown/Darling seem to be the only feckers in the world saying anything.....most other countries are keeping sthum unless they cant hide it anymore.....and that guy Quagmire has got a real shock coming being in N.Z....small islands liek that get banged the worst...ouch

However, hiding stuff wont stop the shtf at some point and nor will it mitigate the outfall. Im currently in Australia and although there is recession talk 'Due entirely to outside circumstances' as they say, I very strongly suspect that there is a lot of unreported stuff going on and the banksters/investment houses etc have done a lot more crap in the background than we currently know. The general public at this stage is totaly clueless, which wont save them, suspect however this is how the vast majority in any country like it.

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But nobody else is playing fair....King/Brown/Darling seem to be the only feckers in the world saying anything.....most other countries are keeping sthum unless they cant hide it anymore.....and that guy Quagmire has got a real shock coming being in N.Z....small islands liek that get banged the worst...ouch

I know another small island in a lot more trouble than this one. Its much more crowded, has a lot more debt, can't feed its own population and is led by a loony.

The media has played a roll in the recent crisis, but as steve pointed out it was their lack of reporting on the UK's excessive spending and borrowing.

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Edmund Conway - just up on the Telegraph site.

http://www.telegraph.co.uk/finance/finance...ay-experts.html

I love this bit:

Albert Edwards, a strategist at Société Générale, likened the British economy to a Ponzi scheme — a fraudulent debt mountain like that allegedly used by the New York hedge fund manager Bernard Madoff.

“What I find amazing is that people aren’t really nailing Gordon Brown and [bank of England Governor] Mervyn King for this,” he said. “At least in the US they had the excuse of the arrival of sub-prime — a new sector of the market. We didn’t really have anything similar but we ended up with a bigger national Ponzi scheme than the US.”

Not exactly true. We had a variety of products including things specifically sold as sub-prime, and interest-only, and

LIAR LOANS

Just ask Eric :P

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I know another small island in a lot more trouble than this one. Its much more crowded, has a lot more debt, can't feed its own population and is led by a loony.

The media has played a roll in the recent crisis, but as steve pointed out it was their lack of reporting on the UK's excessive spending and borrowing.

Thats interesting.....looks like we both made the right decision ;)

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PONZI SCHEME!! :huh:

What about somewhere like Germany, forecasts show that Europe's largest economy will shrink by 2pc in the fourth quarter, so what's their problem then?

The krauts actually have trained engineers who will be able to ride the next wave when it comes. Britain only has unemployed chavs and nasty immigrants who rap,e rob and murder.

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The krauts actually have trained engineers who will be able to ride the next wave when it comes. Britain only has unemployed chavs and nasty immigrants who rap,e rob and murder.

Huh? Engineers? Britain has the finest universities in Europe!

Germany has far more immigrants than Britain, did you know there are 5 million Muslims in Germany?

Germany has always had higher unemployment than Britain, well, for the last 20 years or so.

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Huh? Engineers? Britain has the finest universities in Europe!

Germany has far more immigrants than Britain, did you know there are 5 million Muslims in Germany?

Germany has always had higher unemployment than Britain, well, for the last 20 years or so.

Vast numbers of Brits losing their jobs, livlihoods and homes, yet Labour still allowing record numbers of economic migrants to pour over our borders...

http://www.telegraph.co.uk/news/uknews/432...o-migrants.html

Only a matter of time before the British Nationslists have an MP elected..

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