who is terrified?

DKLS

Nope, not terrified in the slightest, in fact for me and OH things are looking very rosy indeed.

beaujolais-nouveau

abaxas wrote: »

What matters is that everyone in the country has a roof over their head, food for their family and warmth in winter. This will continue.

Huh? Not everyone has a roof over their head, enough to eat and be warm, even now.

Why does anyone think that the media is any part of the cause of the current economic catastrophe? Did the media decide to close down Lehman Brothers? Was Madoff a newspaper editor? Were all those mortgages sold to people who could not afford them, by journalists? Did the media have anything to do with dodgy loans being parcelled out and sold on? No.

Cholera has been here before and could return. Analysts think that we will soon have 3.5 million unemployed. This generation is about to experience real austerity - better to prepare for it than go on saying: Me, worried, nah!

Nail_Lad

saveallmymoney wrote: »

We don't produce anything and our economy became based on selling each other our houses at ever increasing prices.

You need to do some reading up on what we do actually export.

chucky

beaujolais-nouveau wrote: »

Huh? Not everyone has a roof over their head, enough to eat and be warm, even now.

Why does anyone think that the media is any part of the cause of the current economic catastrophe? Did the media decide to close down Lehman Brothers? Was Madoff a newspaper editor? Were all those mortgages sold to people who could not afford them, by journalists? Did the media have anything to do with dodgy loans being parcelled out and sold on? No.

Cholera has been here before and could return. Analysts think that we will soon have 3.5 million unemployed. This generation is about to experience real austerity - better to prepare for it than go on saying: Me, worried, nah!

i think that you forgot to add something like this to the end of your post

"I know we have had recessions before, but that was before the greedy nasty culture that we have now and without all the immigrants here. Civil unrest is sure to break out and knowing how weak and watered down the law is, God help those who get caught up in what is likely to happen."

Conrad

A proportion of every generation tells us we're going to the dogs, and this has always been the case and will remain so.

neas

it just shocked me that the debts owed by our banking institues to foreign countries is twice our national GBP!

The thingf the bailouts keep trying to patch up

MJS996

Some of the comments on this post are kind of ironic ref the media talking us into this whole thing... this board has some of the biggest doomsday scare-mongers going!

Leighthal

chucky wrote: »

no sorry, not scared - there are good times and there are bad times.

we don't live in a perfect economy, i don't no any economy that is perfect and will not be impacted by this GLOBAL crisis.

we have to take it on the chin and deal with it.

We Brits are good at that!:beer:

moneymare

MJS996 wrote: »

Some of the comments on this post are kind of ironic ref the media talking us into this whole thing... this board has some of the biggest doomsday scare-mongers going!

And worse still, there are plenty on this board that actually revel in the scare-mongering...

Rochdale_Pioneers

Things aren't looking rosy if your entire life revolves around running close to your overdraft and credit card limits as you lavish yourself with expensive holidays and a 2nd plasma TV for your den.

For the rest of us its going to be pretty grim, but we will survive - remember that this is a global event and the world is crashing together - at slightly different speeds yes but today they're talking about the UK and our currency goes down the tubes. At the weekend it was the Euro. Last week the dollar. There is no safe haven for investors to shelter in and once they realise that the mad runs on currencies and banks will slow down.

Anyway, how bad will it be? We're talking about a possible peak of 3.5m unemployed - so less than 10% of the workforce. Horriffic for those involved, but survivable as a nation. In Spain they are forecasting double our number on the dole as their construction-led economy has crashed to a stop. That my friends is revolution territory.....