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The Uk Government Are Acting Like An Economic Suicide Cult

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Think about it....

  • reckless borrowing - £10Bn a month for years now - doubled the national debt in 5 years under "austerity". Short term propaganda opportunity ("Britain's booming!"), long term economic suicide
  • Tories relying on 3 million more migrants (net) over the next 14 years to boost GDP - yet our country gives out free money to those who pay nothing into it. GDP growth in recent years has relied upon absolute numbers of people in the UK rising uncontrollably. Short term propaganda opportunity ("robust GDP growth!"), long term economic suicide
  • Tories relying on HPI-forever because of HTB - even though house prices are already competing heavily with the wider economy. Short term propaganda opportunity, long term economic suicide
  • willing to be chained to the EU, which is itself an economic suicide cult. Errr...short term economic suicide

It's like they want to take the economy down.

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Who cares about the economy? Its about the top 1% getting richer, which will happen whether the economy goes up or down, espectially now they have priced the plebs out of the housing market with their ridiculous loose money policies.

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Who cares about the economy? Its about the top 1% getting richer, which will happen whether the economy goes up or down, espectially now they have priced the plebs out of the housing market with their ridiculous loose money policies.

It's a shame about 90% of the 99% don't understand this.

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They're pushing it for sure.

The UK does not look like a low IR company. More and more we are looking like a developing country.

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Apart from lining their own pockets it's necessary so that they brag about things like the "growth" (debt) being the best in the world and the "recovery" (debt and statistical fraud) being better than any other country.

That helps them to sit at the "top table" and to go on different jollies most every week pretending to be trying to solve the world's problems. That and using expressions like "the global race" when referring to jobs for the boys, the old boy network, privilege, preference and self interest.

All the time general living standards decline year on year.

Edited by billybong

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Apart from lining their own pockets it's necessary so that they brag about things like the "growth" (debt) being the best in the world and the "recovery" (debt and statistical fraud) being better than any other country.

That helps them to sit at the "top table" and to go on different jollies most every week pretending to be trying to solve the world's problems. That and using expressions like "the global race" when referring to jobs for the boys, the old boy network, privilege, preference and self interest.

All the time general living standards decline year on year.

Let them live in their own gated enclave.......out of touch.....unable to add any value. ;)

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They'll probably saw away the branch they're sitting on when comprehensibly hollowing out the long suffering indigenous middle class people and importing desperate outsiders with unrealistically high expectations will inevitably blow up in their faces with London 2011 style riots for months on end...

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Obviously lining their own pockets is their no.1 policy... but it's so mindless that their other 2 main priorities,

a. Get people spending money in the wider economy

b. Keep house prices artificially inflated

are so obviously mutually exclusive, surely they can't be that stupid to not see this?

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OP: perhaps. I tend to think Gordon Brown screwed us so royally no-one knows what to do, I started a thread on this some time ago. How was the coalition/tories going to erase an annual deficit of > £100bn? they've got it to £75bn which is something.

OP, WWYD?

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Think about it....

  • reckless borrowing - £10Bn a month for years now - doubled the national debt in 5 years under "austerity". Short term propaganda opportunity ("Britain's booming!"), long term economic suicide
  • Tories relying on 3 million more migrants (net) over the next 14 years to boost GDP - yet our country gives out free money to those who pay nothing into it. GDP growth in recent years has relied upon absolute numbers of people in the UK rising uncontrollably. Short term propaganda opportunity ("robust GDP growth!"), long term economic suicide
  • Tories relying on HPI-forever because of HTB - even though house prices are already competing heavily with the wider economy. Short term propaganda opportunity, long term economic suicide
  • willing to be chained to the EU, which is itself an economic suicide cult. Errr...short term economic suicide
It's like they want to take the economy down.

Immigrants, Europe, Benefits.

I see what you did there.

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Luckily the rest of the world are doing exactly the same or the game would already be up, and the madness will continue until somewhere goes belly up. It will happen eventually but trying to guess when is the hard part. Just don't panic last!

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I agree with all the OP's points except the last one. We're not chained to the EU, its a club which we belong to because that serves our interests in terms of trade and other transnational matters like the environment and security. We're not in the Euro so our government is not oblidged to bail out the siesta countries. I hope we stay in the EU because moving to the mainland is a valuable option for people who are priced out of our overcrowded, overweight, overdrawn and overcast island.

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Luckily the rest of the world are doing exactly the same or the game would already be up, and the madness will continue until somewhere goes belly up. It will happen eventually but trying to guess when is the hard part. Just don't panic last!

I think it could be the UK, an independent currency is a vulnerability.

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They don't care about the future, they only have to ride the train for a few years, get some cash out of it and then they're on easy street with a public pension, gold goodbye and more cash than they can spend.

Look at Mervyn King, you could have made a chicken with a yes and no button head of the BOE and the outcome would't have been much different.

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They don't care about the future, they only have to ride the train for a few years, get some cash out of it and then they're on easy street with a public pension, gold goodbye and more cash than they can spend.

Look at Mervyn King, you could have made a chicken with a yes and no button head of the BOE and the outcome would't have been much different.

It would have been much better to have a chicken make the vote. The artificial market volatility would make the classic pump and dump scam implicitly favored by constantly lowering rates far less tenable as you'd have to fear rolling over debt instead of exploiting your social position to maximise debt .. value it as an "asset" by investing it in a real object ... and then let the government bail you out.

And that was before ZIRP. It got totally gosbank after that!

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Luckily the rest of the world are doing exactly the same or the game would already be up, and the madness will continue until somewhere goes belly up. It will happen eventually but trying to guess when is the hard part. Just don't panic last!

No, they are not.

The UK is digging itself in a big hole.

France, Germany, Nlands are doing OK.

Southern Europe is fcked, but it alway has been.

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They're operating like a bank. Concentrate on short term commissions and revenues, the furture is someone elses problem. Which is no surprise given many of them are from banking, want a non-exec position in banking, and receive most their advice from the same banksters who cause recessions.

Works, too. Everyone seems to think Ken Clarke was a good chancellor. Realty is he was a caretaker chancellor. All the difficult decisions had to be taken by Lamont, who everyone thinks was an awful chancellor.

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No, they are not.

The UK is digging itself in a big hole.

France, Germany, Nlands are doing OK.

Southern Europe is fcked, but it alway has been.

France has mass unemployment, Dutch households more indebted than the UK, and the Krauts have invested much of their export surplus in Southern Euro countries with somehow worse demographics than themselves.

Then again, longer term, all economic problems will pale into insignificance when the Muslims begin to wield serious voting power.

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No, they are not.

The UK is digging itself in a big hole.

France, Germany, Nlands are doing OK.

Southern Europe is fcked, but it alway has been.

France has mass unemployment, Dutch households more indebted than the UK, and the Krauts have invested much of their export surplus in Southern Euro countries with somehow worse demographics than themselves.

Then again, longer term, all economic problems will pale into insignificance when the Muslims begin to wield serious voting power.

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OP: perhaps. I tend to think Gordon Brown screwed us so royally no-one knows what to do, I started a thread on this some time ago. How was the coalition/tories going to erase an annual deficit of > £100bn? they've got it to £75bn which is something.

OP, WWYD?

I'd not spend £8M on leaflets promoting mass immigration (essentially, that's what the IN vote is tantamount to). I'd not rely on GDP growth soley on population growth (see recent government GDP growth targets assuming 3M extra immigrants by 2030). The answer is in simply NOT doing what the current government are deliberately planning for.

As for borrowing, Osborne said we'd be in surplus by 2015/2016 - now the target is moved 5 more years into the future (2020/2021). Even Osborne wasn't blaming Labour as much as you are - as he thought he could get to surplus 5 years after Labour. Except....most of his policies are just too expensive and he's currently borrowing £10Bn a month to keep up a facade of "Britain booming".

Edited by canbuywontbuy

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Think about it....

  • reckless borrowing - £10Bn a month for years now - doubled the national debt in 5 years under "austerity". Short term propaganda opportunity ("Britain's booming!"), long term economic suicide
  • Tories relying on 3 million more migrants (net) over the next 14 years to boost GDP - yet our country gives out free money to those who pay nothing into it. GDP growth in recent years has relied upon absolute numbers of people in the UK rising uncontrollably. Short term propaganda opportunity ("robust GDP growth!"), long term economic suicide
  • Tories relying on HPI-forever because of HTB - even though house prices are already competing heavily with the wider economy. Short term propaganda opportunity, long term economic suicide
  • willing to be chained to the EU, which is itself an economic suicide cult. Errr...short term economic suicide
It's like they want to take the economy down.
obviously I agree with these points, having come to the same conclusion myself. It really was mind blowing to me in 2011 when I researched it and found there was no actual plan to pay any money back, and even the most 'auster' Economist just wanted to get to a 2% deficit per year.

But the think is how would any government that actually wants to get elected tackle these issues? The lukewarm conservative approach of growing the debt more slowly isn't that popular (although to be fair they were reelected, with a majority), if they genuinely did what was needed to tackle the above I am sure they would not get reelected.

Edited by reddog

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I don't. He is awful, even now.

He was, realtively.

Nigel Lawson was a fcking loon -Brown-lite.

We'e not had anyone close to pick up Brown's shite.

But there is a lot of shite to pick up.

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