Sunday, January 25, 2009

Podcast on the UK Economic Mess

The UK Economic Mess

30 mins discussion on the mess that is the UK and sterling

Posted by frizzers @ 11:38 PM (943 views)
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2 thoughts on “Podcast on the UK Economic Mess

  • Yet another commentator picking up on the theme that the UK doesn’t export anything!

    This is blatantly wrong. Our imports represent 30% of GDP and are exports 26% of GDP. Whilst this is an imbalance, a devaluation of a currency helps such trade imbalances. Also, it is arguable that our exports are more sound than say Germany who has a high reliance on automotive and consumer goods.

    Also sterling is the 3rd largest traded currency in the world. Take sterling down and Lehman bros would look like a picnic in the park. The world can’t afford to do an Iceland on the UK.

    The speculators want to have their day with sterling and are desperate for Euro parity as with this they will rake in millions on the bounce. Be very careful with whose advice you read. Remember George Sorros’s sole aim back when we left the ERM was to make millions even if it crippled the UK.

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  • Sorry to say it, but the UK had it coming.
    Long overdue.

    We need a wake up call to get our economy right for once.
    We need to swap rip-off for Great and start again with the Scots to invent, industrialise and snap out of our lazy ar** ways.
    We need our banking system to fund business not speculation, which they can’t even do.
    We need patriotic politicians not career motivated slobs looking for a cushy bank job to line there over feathered nests near retirement.
    We dont need self interested parties to screw up our little island. It has to stop.

    We are being eaten alive from within. The parasites are killing the host. Blood is running down the cross of our flag!

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