Of course its the working men and woman who feel the brunt of the greedy thieves, and Britain is especially hard hit where “workers in Birmingham on half pay, IT contractors in Yorkshire on slashed rates, office workers in London rehired on 25% less, and the women suffering £400-a-month wage cuts because of equal pay rules”. See full story from The Guardian UK
” HERE
Is England about to go Bankrupt? Yes, but so are many other country’s (Ireland, Scotland , Spain for example). With not much more taxpayers money to give the thieving banks, its almost game over. From the Telegraph…
“The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic.
The political impact will be seismic; anger will rage. The haunted looks on the faces of those in supporting roles, such as the Chancellor, suggest they have worked out that a tragedy is unfolding here. Gordon Brown is engaged no longer in a standard battle for re-election; instead he is fighting to avoid going down in history disgraced completely.” See full story HERE
And Jim Rogers, one of the worlds biggest investors actually recommends that people MOVE FROM ENGLAND
When asked his advice for a young person growing up in Britain, Jim Rogers, former partner of George Soros and one of the world’s most successful investors, is forthright. “Move to China; learn Chinese.” In an interview with The Independent, Mr Rogers warns that Britain will go bankrupt if the Government continues to follow its present policy of attempting to save the banks through subsidy and nationalisation.
He has sold all his sterling assets and has “no position” in sterling, but Mr Rogers reveals that he had been planning to short-sell sterling in the present financial crisis, before recent disparaging remarks about the pound’s prospects from his own lips had put paid to those plans. “I should have kept my mouth shut.” See fully story from The Independent UK HERE
And finally, Portugal joins the recently demoted Greece and Spain, having their rating knocked down by the S & P. And Ireland could be next. See HERE
