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Uk: Death By Debt

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http://www.thetrumpet.com/?q=8113.6756.0.0

UK: Death by Debt

March 28, 2011 | From theTrumpet.com

The collapse of the UK accelerates. By Robert Morley

The UK chancellor of the exchequer has issued some grim news. The economy is growing slower than hoped, and the budget is in worse shape than expected. However, George Osborne has a solution. Unfortunately, it is just more of the same thinking that got Britain into trouble in the first place.

Why can’t politicians understand? More debt is not a solution for a crisis caused by too much debt. More borrowing at a time when foreign lenders are ravaging sovereign European debt markets is just asking for a pound sterling crisis.

With debt levels rising and the economy near stall speed, the dreaded bond vigilantes would probably already be ravaging UK government bonds if Portugal wasn’t hamstrung and virtually prostrate. But that is poor consolation. Britain could easily be next.

.....

What’s happening is that pound sterling is being devalued to inflate away the nation’s debt. But that means the nation’s collective wealth is being devalued too. It is becoming increasingly evident that Britain is on its way to becoming a nation of serfs. And when the pound collapses and the UK is unable to pay its foreign debts—it will become a nation of slaves. •

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'......when the pound collapses.........' ......against what?

Food, oil and some mysterious yellow stuff with an atomic number of 79 and another strange thing with an atomic number of 49.

YOu'll be rather narfed when you can only buy bread in a something with an atomic number of 79 :D

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Food, oil and some mysterious yellow stuff with an atomic number of 79 and another strange thing with an atomic number of 49.

YOu'll be rather narfed when you can only buy bread in a something with an atomic number of 79 :D

Trust me.............. I won't.

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It is becoming increasingly evident that Britain is on its way to becoming a nation of serfs. And when the pound collapses and the UK is unable to pay its foreign debts—it will become a nation of slaves defaulters.

Britain a land of serfs? The country where mansions and titles are handed down through generations? Where the "working class" know their place? Where we have Lords and Commoners? Gentlemen and Players? Where the first question asked at public school interview is "did your father come here"? It would be such a departure from history as to be scarcely believeable.

Oh, and corrected the last bit for you.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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