[Paradox]

Conflict Over UK Budget may Lead to Economy’s “Irreparable Damage”
got this from the daily reeckoning, a U.S based finacial site.

03/17/10 Stockholm, Sweden – The UK’s plans for cutting its budget deficit have come under harsh criticism in a new report from the European Commission. The Commission does not see the UK’s current strategy as being aggressive enough to make a 2015 deadline according to EU rules. On the other side, the UK Chancellor Alistair Darling believes that deeper cuts to government spending would chance a return to recession.

According to the BBC:

“Chief Secretary to the Treasury Liam Byrne said the report was “wrong” and would mean £20bn more in spending cuts. Ministers insist their plans to halve the deficit in four years are less likely to halt the economic recovery.

“In an interview with the BBC, Mr Byrne said the spending cuts and tax rises required to meet the EU target would cause ‘irreparable damage’ to the economy.

“Shadow business secretary Ken Clarke, also speaking to the BBC, said the EU was right and the government needed to cut spending more rapidly, which could be done easily.


Here :

http://dailyreckoning.com/

Depends which side of the fence you are more likely to believe but either the Gvt is right and we are going to struggle through, or the tories and EU finance suits are right and its going to be harder for longer.

You decide, my money is on trust neither and keep prepping, as they all have an agenda to impose on us. Just like sharing any info to help us all make educated choices.
regards
Para

 

[Northern Raider]

I'm on the side of whoever will scrap the welfare state, its been a disaster from the start. did you know that every penny now collected each week in income tax in the UK is spent on benefits, nothing else. If we do away with all this socialist crap we could clear the defacit in 14 months and give our kids their future back.

 

[Rosesandtea]

Here's another article from today:
http://blogs.telegraph.co.uk/financ...-of-england-fretting-about-zombie-households/

I find a lot of the comments interesting.

TBH I have a hard time understanding it all. What I do understand doesn't make me happy.

 

[Paradox]

Thanks Roses, spent some time rading the article too.
All I can gather from it is that one of the repliers has a real clue , the rest were just looking at who to point a finger at.
There doesnt appear to be a viable solution except to prep like crazy and keep a lo pro so's not to be a target when the crash comes and come it will.

 

[Hanfgeist]

The Eurozone can't preach to anybody about deficits, they're totally broke, they can't afford to bail the Greeks out (and are now touting the possibility of an IMF rescue for them) and the other states who've been cooking the books, nor all the dodgy eurozone banks which are barely keeping themselves afloat with their speculative adventures in the Brazillian carry trade.......

 

[Hanfgeist]

Thanks Roses, spent some time rading the article too.
All I can gather from it is that one of the repliers has a real clue , the rest were just looking at who to point a finger at.
There doesnt appear to be a viable solution except to prep like crazy and keep a lo pro so's not to be a target when the crash comes and come it will.

I agree Paradox, the financial system is totally busted and being kept afloat with funny money and false accounting to make it appear solvent.

 

[Northern Raider]

Visions of the UK economy ending up like the weimar economy of 1920 Germany.

 

[Hanfgeist]

Visions of the UK economy ending up like the weimar economy of 1920 Germany.

Hitler's economics minister, Schacht managed to recover the German economy using a lot of corporatism and socialist state intervention policies, with price controls, massive FDR type public works programs and the like but IIRC, that regime ended up running huge deficits as well and would have blown up again if the war had not brought about a change in the leadership......they'll likely try and pull some of the same BS here, if they can maintain order long enough but it won't save them in the long term, if the current crop of rotten banksters are still running things, with no Glass Steagall rules in place....

 

[metatron]

I think massive cuts could be made in the benefit system. Retired people seem to get a lot of things for free (like heating) even know they are sitting in houses sometimes worth over half a mill. If they sold up and downsized they could pay their own way (which will have to happen as the UK has a rapidly aging population) and there will be less need to build more houses, as you will have families living in larger properties instead of one old person. It would also make a house a more realistic price.

I think they also need to cut back on education, does there really need to be people studying adventure sports, water sports and so many other pointless courses at degree level, surely a one year college course would be more than enough.

There are so many place money could be cut, I think it would be easy to get this country back on it feet.

 

[Northern Raider]

Lets face it folks society as we know it is ****ed, no economic policy from any party is going to improve matters. The culmulative community cake of housing, food, jobs, health education and environment can only be divided by so many times before no one gets enough to live on.

More and More people pour unchecked into the UK, more and more people each week decided they will claim one benefit or another. This is compounded by ever fewer people facing a bigger and bigger tax bill. The UK is Bankrupt, Greece is Bankrupt, The EU is bankrupt, Heck even the yanks are bankrupt, yet more and more people are classed as none wealth creators living of the private sector tax payers. Too many people in the UK, EU and US all wanting a house, healthcare, schools, jobs, cars, roads etc and theres less and less money going to the governments in tax each year. Sooner or later those in work will say ENOUGH we are paying over 45% of our wages in tax, The Benefits bill is growing exponentially and sooner or later the benefits money is going to run out.

Take a bloody good look around you, Where are these 10 million forcast new migrants going to live/ Where are the currently needed 2.5 million new houses going to be built, Where is the water for them going to come from, wheres the power going to come from, who's going to pay for the new roads, shops, railways, schools, hospitals etc and where are they going to be built. ( dont forget ALL suitable building land in the UK has already been built on, all thats left is floodplains, over worked agricultural land, or places where no one wants to live.

Add to that the forcast 11 million asian and north african refugees, asylum seekers and illegal immigrants are believed to be wanting to come to europe, and at least 7.5 million Latinos trying to get into the US.

Forget about the whats and whyfores and just focus on ensuring that your family is ready to survive the crap that is coming, do this by planning, preparing, stockpiling and moving away from the big cities and large towns, build links with other enlightened survivalists and get ready to protect what is yours not only from chav benefit dwellers but also from the govt.

NR

 

[metatron]

Forget about the whats and whyfores and just focus on ensuring that your family is ready to survive the crap that is coming, do this by planning, preparing, stockpiling and moving away from the big cities and large towns, build links with other enlightened survivalists and get ready to protect what is yours not only from chav benefit dwellers but also from the govt.

NR

As much as I'd like to move to a more remote area, there is little to no work which pays a living salary and traveling hours to and from work is massively costly with the price of fuel going through the roof, not to mention the amount of time it adds to your day. Just look how many Scottish people live in the south of England, not to mention all the northerners down this way.

Most if not all remote parts of the South are costly, I make an okay living but land is shockingly expensive.

 

[Northern Raider]

As much as I'd like to move to a more remote area, there is little to no work which pays a living salary and traveling hours to and from work is massively costly with the price of fuel going through the roof, not to mention the amount of time it adds to your day. Just look how many Scottish people live in the south of England, not to mention all the northerners down this way.

Most if not all remote parts of the South are costly, I make an okay living but land is shockingly expensive.

Everyone has different circumstances but also different levels of commitment, If you lived up north yes your wages would be less, but so would your living costs, EG a new 2 bedroom house on the edge of some of the villages up here go for £72,000, We have had a sudden influx of Computor geeks recently as they take up posts in the netpark, we are expecting more engineering and electronics specialists as the huge contracts for renewable energy programs gets under way. As for fuel more and more folks up here drive diesels running partially on home made biodiesel. Yes lots of Scots and Northerners move down south, that is a plus for the survivalists as it means the population of these northern areas is falling. Down south the good folks live to work, but away from the home counties they work to live.

I always respect peoples life style choices, at the end of the day the responsibility for their future lies with them. .....................

I did type a long response to you , but the wifey came in looked over my shoulder and said " You know if its a person in the SE they wont move so why bother explaining it all over again" So good luck and god bless with your choice : Its also the same reason why I and most of us old buggers who have been into survivalism far to long :xeye: no longer even bother trying to organise RZs and Meets in the south east. The network is still available to people anywhere else if they want help or advice.

Coffee Break:
NR

 

[tentacle]

Immigrants will feck off when it gets hard. All the poles have buggered off from around here already!

It's going down the tubes very quickly. I Work in the finance sector (advisers) and we've lost a number of banks and massive agencies as clients because they've simply gone under. Fortunately we're just capitalising on this by selling software to replace expensive humans.

Technically, banks are lying through their teeth to the FSA about their solvency as most of their assets (property) are worthless because people can't afford to pay the mortgages. From our stats, 43% of people have defaulted for <2 months in the last year!

One reason I don't have a mortgage - if the bank needs money, they might just start taking your houses. Then TS will HTF.

 

[Northern Raider]

Immigrants will feck off when it gets hard. All the poles have buggered off from around here already!

It's going down the tubes very quickly. I Work in the finance sector (advisers) and we've lost a number of banks and massive agencies as clients because they've simply gone under. Fortunately we're just capitalising on this by selling software to replace expensive humans.

Technically, banks are lying through their teeth to the FSA about their solvency as most of their assets (property) are worthless because people can't afford to pay the mortgages. From our stats, 43% of people have defaulted for <2 months in the last year!

One reason I don't have a mortgage - if the bank needs money, they might just start taking your houses. Then TS will HTF.

Good reply, it reminds me of a few conversations I have had lately usually from good decent honest people asking me WHEN they think the collapse will start , my normal reply is " About 6 years ago" Look at your quality of life, how much spare cash have you got, how law abidding is your community, how many are out of work, if people just stopped nd did an assessment of their lives they would see the collapse is happing now. people still think they are going to wake up one day to a huge sudden crisise, but its not going to happen like that, its like all the great civilisations before us, Romans, greeks, Egyptians, Syrians, British etc they all slowly collapsed from within.
NR

 

[tentacle]

Spot on.

Cue boiling frog anecdote: http://en.wikipedia.org/wiki/Boiling_frog

 

[Northern Raider]

Spot on.

Cue boiling frog anecdote: http://en.wikipedia.org/wiki/Boiling_frog

Yup the average city dwelling brit sits in the simmering water of longer traffic queues, longer train delays, more over crowding, longer waits for council houses, longer response times from the authorities and cops, longer delays in road repairs, longer waits to see the dentist, fewer choices in available schools for the kids, rising fuel and utitilty bills etc etc.
The wise jumped out the pot when it started to get warm, fuzzy, multi cultural, politically correct, diverse, inclusive and all paid for by them.

A great example is the water supply for most Londoners ,the filtered urine that flows from their taps that they find acceptable would only be good enough for washing the care with up here. Thames water tastes and smells like urine, probably cos its been through 7 sets of kidneys before it reachs the sea.

 

[tentacle]

Ironically I live next to a Thames Water sewage farm so I can vouch for the correctness of your statement! Have to buy tonnes of bottled water to drink.

 

[metatron]

Everyone has different circumstances but also different levels of commitment, If you lived up north yes your wages would be less, but so would your living costs, EG a new 2 bedroom house on the edge of some of the villages up here go for £72,000, We have had a sudden influx of Computor geeks recently as they take up posts in the netpark, we are expecting more engineering and electronics specialists as the huge contracts for renewable energy programs gets under way. As for fuel more and more folks up here drive diesels running partially on home made biodiesel. Yes lots of Scots and Northerners move down south, that is a plus for the survivalists as it means the population of these northern areas is falling. Down south the good folks live to work, but away from the home counties they work to live.

I always respect peoples life style choices, at the end of the day the responsibility for their future lies with them. .....................

I did type a long response to you , but the wifey came in looked over my shoulder and said " You know if its a person in the SE they wont move so why bother explaining it all over again" So good luck and god bless with your choice : Its also the same reason why I and most of us old buggers who have been into survivalism far to long :xeye: no longer even bother trying to organise RZs and Meets in the south east. The network is still available to people anywhere else if they want help or advice.

Coffee Break:
NR

I'm happy to move to where ever the work is, but I will admit if I was going to move anywhere it would be Cornwall, although I have been tempted to move to the South of the USA as the UK continues on its path of destroying civil liberties. I don't think we are many years away from being able to ask for asylum else where.

Anyway as for the economy, I think the country needs to branch out into other areas as the main reason we were/are hit so hard is the amount of finance related areas there are here.

I think manufacturing on any large scale is as good as dead, as the Chinese are so much cheaper and will work in conditions that are lethal. Not to mention the countless other cheaper places to do it.

I think there is a future in selling/building big complicated items (ships/aircraft/satellites)and research. People need to relax about the idea of genetically modified food and embrace the idea as I'm sure we could be number one.

 

[Northern Raider]

I'm happy to move to where ever the work is, but I will admit if I was going to move anywhere it would be Cornwall, although I have been tempted to move to the South of the USA as the UK continues on its path of destroying civil liberties. I don't think we are many years away from being able to ask for asylum else where.

Anyway as for the economy, I think the country needs to branch out into other areas as the main reason we were/are hit so hard is the amount of finance related areas there are here.

I think manufacturing on any large scale is as good as dead, as the Chinese are so much cheaper and will work in conditions that are lethal. Not to mention the countless other cheaper places to do it.

I think there is a future in selling/building big complicated items (ships/aircraft/satellites)and research. People need to relax about the idea of genetically modified food and embrace the idea as I'm sure we could be number one.

All good valid points, the southern part of the US does have some potential.I was trying to move to Kansas for a while.

 

[Hanfgeist]

People need to relax about the idea of genetically modified food and embrace the idea as I'm sure we could be number one.

I disagree, to this day, 70% of software projects fail, we still can't get that right, despite all the studies done on why they mess them up, the lesson does'nt get learned, hacking 'wetware' (DNA) and messing about with proteomes is a lot more complicated than hacking software and once the modified genes get out of the lab, they're out there for good and cannot be recalled (and yeah, theoretically you could build something in that would enable them to be switched off but would you take the risk?). I can see the potential benefits of building genes which can for example, translate into proteins and enzymes which make hydrocarbons at body temperature and atmospheric pressure but if they put them into an organism which gets released and starts to turn all of our food into gasoline or diesel, we'll have a few more problems compounding the financial and economic mess.......