London, UK is not cool anymore - I'm leaving

Discussion in 'Economics' started by Brendan R, Sep 2, 2008.

  1. achilles28

    achilles28

    Resounding evidence against a disarmed, Spy-state.

    The Cameras haven't stopped crime.

    Nor has disarming the public (gun ban).

    In fact, the institution of both coincided with a HUGE INCREASE in Crime!

    This is Classic Big Brother Tyranny.

    Herald in massive Police State measures, under the banner of "fighting crime" - all for our "protection", of course! - and all the bad shit skyrockets.

    The agenda isn't to protect the ordinary Citizen.

    The agenda is to keep tabs on us - to keep the Middle Class on the "Grid" - tracked, traced and disarmed.

    Makes us think twice about staging a Popular Revolt against the Established Big Government Order that likes things just how they are.

    You're down there.

    We're up here.

    America is going the way of the UK/Europe, folks.

    Time to Wake Up.
     
    #111     Oct 26, 2008
  2. I notice that the only growth industries in Uk these is crime related.

    Like The amount of prostitutes in UK
     
    #112     Oct 26, 2008
  3. very interesting....

    from the Telegraph


    Brown’s Keynesianism is bankrupt – and will bankrupt us

    Almost three months ago, this column described Prime Minister Gordon Brown, and his Chancellor Alistair Darling as “Keynesian”. The last decade of Brownite policy, after all, has featured high public spending, irresponsible borrowing and an ever-growing tax-burden.



    By Liam Halligan
    Last Updated: 9:17PM BST 25 Oct 2008

    Until recently, though, Brown and his entourage have played down their “big government” tendencies – stressing prudence, private enterprise and the joys of lower tax.

    But now, with the UK in the grip of the credit crisis New Labour has revealed its true statist colours. “We are spending more to get the economy moving,” said Brown last week. “That’s the right thing to do.”

    Well, actually, it isn’t. The last 50 years are riddled with grim episodes of Western governments trying to spend their way out of recession. Every attempt has gone wrong – resulting in spiralling national debts, soaring inflation and a plunging currency.

    In 1976, then Labour Prime Minister Jim Callaghan made a passionate speech to his party conference, telling comrades “in all candour” that the option of reversing a downturn by “deficit-spending” simply “doesn’t exist”.

    Callaghan was in a position to know. His Keynesian policies had destabilised the UK economy so seriously we were forced to go cap in hand to the International Monetary Fund.

    That’s right – the UK’s mid-1970s IMF bail-out, the indisputable nadir of this country’s post-war economic history, was the direct result of Keynesian policy.

    Yet, here we are 22 years on. The young left-wing firebrands who sneered at Callaghan’s brave admission now run the country. To gain power, they had to bury their beliefs, shave off their beards and parrot a faith in free markets.

    Since 1997, despite this pretence, New Labour’s “soft Keynesian” concoction of high spending, loose credit controls and more tax has contributed mightily to our current predicament.

    But faced with a crisis, and with their backs to the electoral wall, the Brownites are reaching for the intellectual comfort blanket of their youth – the “hard Keynesian” solution of ramping up spending sharply.

    Because we’re in a crisis, though, Brown’s Keynesian declaration has raised barely any protest. That’s why the letter in today’s Sunday Telegraph is so important – which makes clear Keynesianism is a “misguided and discredited as a tool of economic management”. The economists who signed it cannot be dismissed as parti pris. The economic consensus against Keynesianism is based on evidence, not ideology.

    For now, the airwaves are full of economists from investment banks and accounting practices whose firms stand to do quite nicely from a big dollop of extra public infrastructure spending. Keynesianism? Bring it on, they say.

    But there are many, many dismal scientists with serious misgivings – but who don’t have “media strategies”, and who perhaps lack the courage to voice their concerns, given that millions of people are frightened about their jobs.

    No one is denying the UK economy is in a bad place. New preliminary data shows the first quarterly output drop for 16 years. Between July and September, GDP fell 0.5 per cent, pushing annual growth down to 0.3 per cent.

    As the signatories to our letter make clear, it is “inevitable government expenditure and debt rise in a recession” – as the “automatic stabilisers” kick in, the tax-take falls and benefit spending rises.

    But Brown’s plan goes way beyond that, posing huge dangers – not least as we’re starting from a position of extreme fiscal weakness. Even last year, when growth was near trend, the Government borrowed £36bn – almost 3 per cent of GDP. And in only the first six months of this financial year, before the slowdown had really begun, we’ve already borrowed £38bn – a colossal 75 per cent up on the same period the year before.

    Even without Brown’s misty-eyed Keynesian adventure, the public finances are set to deteriorate rapidly. But imagine how bad the numbers will get as Brown, as he said last week, “brings forward” public spending from future years. That can only lead to much higher taxation, hobbling the private sector and increasing the danger of a drawn-out Japanese-style slump.

    Extra Government spending won’t help anyway. Most of it will simply fuel state-sector wage growth – winning Brown a few trade union votes, but boosting wage inflation elsewhere. The broader macro-economic implications are also alarming. If we keep borrowing, in the end the gilts market will simply dry up. Already, the UK government faces massive age-related liabilities that will undermine our credit-rating over the next few years – before Brown’s final spending spree.

    And anyone who tells you inflation isn’t a problem is ignoring that borrowing itself is inflationary, and that the latest bank bail-outs will see the Bank of England printing money on a scale unprecedented in modern times.

    This is the first serious slowdown under Labour – since 1976 – and a moment of acute economic danger. A wounded, desperate Prime Minister is making a final roll of the dice.

    Faced with a desperate electorate, he is reaching for Keynesianism. It serves, also, as a fig-leaf for his previous profligate spending and as a bone to the Labour left.

    But it is, indisputably, an immensely dangerous and counter-productive idea. That’s why economists must stand up and be counted.

    The dismal scientists must speak out.:confused:
     
    #113     Oct 26, 2008
  4. Was the firm, Capital Spreadyourlegs by any chance. Dealer in question, Fanfan?

    That lot are more boiler room than bucket shop.
     
    #114     Oct 26, 2008

  5. HAHAHAHAHA.

    Yah you're right it was them , and more like f__ket shop than bucket.

    Dealer was Emannuelle , well with a name like that I guess what do you expect?

    But that fanfan woman is almost as bad.The way she talks like ebonics .

    what the hell is happening to UK ?


    How these people / or the company itself get licensed by the FSA is beyond me.

    It would not surprise me if the dark dark truth is indeed the FSA are now being illegally incentivised.

    Like everone has said crime = the only growth industry in UK .
     
    #115     Oct 26, 2008
  6. the other growth industry is Combat18 of which many british ET forummers are a part of.
     
    #116     Oct 26, 2008

  7. what's combat 18 ?
     
    #117     Oct 27, 2008
  8. zdreg

    zdreg

    didn't u learn alongthe way to do a google search?
     
    #118     Oct 27, 2008
  9. zdreg

    zdreg

    #119     Oct 27, 2008
  10. mccd

    mccd

    to return to the original post, I have a friend in London who just reported the exact same thing to me, and is planning on returning to North America. He called London in 2008 "a simmering cauldron of anger and despair". Apparently the mood there has gotten downright nasty in the last few months
     
    #120     Oct 27, 2008