Quote:
Originally Posted by Mick Fisher
Our Chancellor has the mentality of a Bean Counter and we all know what happens to Companies or Countries that are run by Bean Counters. 
The chronic short termist approach of just cutting enough expenditure to avoid bankruptcy just leads to a downward spiral of even more cuts ad infinitum until the final humiliation of a full scale sterling devaluation followed by a bail out from the IMF.
George has had his chance and has blown it. Unless someone with some extraordinary fiscal expertise and a little more imagination can be found I fear we are on a slippery slope to find out what real austerity means. Maybe we will see a return to the ration book as food, power and fuel spiral forever upward in cost and our buying power dwindles. |
actually more look more find think its deliberate spin. They trying reduce the money and trying to devalue to give us soft landing. If we can do it like 1972 rather 1929 or worse the great depression then he succeed. He dont want spook market.
I found article from last year but by heck its good stuff.
http://bilbo.economicoutlook.net/blog/?p=18007
I was shocked on the vid currency never lasted beyond 45 years ever. We now on 42 years current currency. I doubt osbourne wont be dim to understand this is so. Therefore all manouverings get ready for the big own in next 3 years. I think he fully well knows banks, businesses waiting too. So no-one going invest.
This crazy thing it might avert it but its all sit tight lets be ready wait for the crash instead steering around danger.
More of little indicator despite gold low even experts think it getting read for another spike.
http://www.moneyweek.com/investments...for-gold-62720
Quote:
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These kind of extreme measures suggest gold is a market that perhaps getting ready to turn back up. These are feelings associated with bottoms rather than tops. However, for now, the trend is down - and trends are powerful things.
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If the first vid right gold will go to level of curency in the world
It has happen on few ocasions at end lifespans of currency.