What happens if our country goes Bankrupt?

purch

Purch- i am not misunderstanding things or spinning things. see quotes for explanation. just because you are not aware of things does not mean that i am misunderstanding things and spinning it to fit my premise

Sorry.......my PC has a filter so that I can't see any '!!!! poor' research using the cut n paste technique from wikiwrongmostofthetimepedia.

setmefree2

Another view on the "scaremongering"

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/

Bust Britain

"But as I said, the government doesn't seem to be anywhere near that today. And the Bank of England is not about to start reversing its interest rate cuts to defend the pound.
Indeed, you can take some heart from the fact that senior French officials have been publicly fuming about the fall in sterling. They're not worried about Britain going bust. They're worried about British exporters doing rather too well out of a weak currency.
So, we won't be calling the IMF any time soon. And good thing too, because I suspect we'd be put on hold. These days the IMF doesn't have nearly enough money to help us out. It's also being run by a Frenchman."

bubblesmoney

purch wrote: »

Sorry.......my PC has a filter so that I can't see any '!!!! poor' research using the cut n paste technique from wikiwrongmostofthetimepedia.

again an assumption on your part that what i said was just based on wiki / googling info. laypeople not working in finance 'might' know things as well through contacts. all i can say is that you i assume dont have a tax avoidance investigative background otherwise you wouldnt have even said what you said. it is pretty common knowledge among tax vigilance authorites around the world. i do personally know quite a few people with this background knowledge from both accountacy backgrounds some presently on boards of global banks and others from tax investigation backgrounds where their work involved routinely investigations into such tax fraud coordinating tax authorities and investigative authorities work in this regard involving companies including multinational companies elsewhere who are high up in the pecking order who daily investigated such tax evasion and frauds and tax havens and have had discussions about these issues with them in the past and know about how companies and individuals do these things in some respects. loads of times such investigative authorities in many countries hit a brick wall at these tax havens as they find it very difficult to get info about illegal activities happening in their countries but being laundered / hidden in tax havens, obviously this sort of thing involving big money happens with the collusion of the pipelines that lead to these tax havens namely banks and clearing channels. thats my opinion knowing what i know from my discussions i had with these people. feel free to disagree if you still think it was just wiki/google info. i had actually mentioned this in my earlier post yesterday but edited it out last night as i didnt feel it was need.

ask any officials who regularly investigate such tax issues spreading across countries. if it happens in developing countries with complicity of these tax havens, obviously developing countries dont have the clout to force the info out of these countries so many times such people get away. unlike in usa where they get access to SWIFT info (in the past) without court clearance in other countries, plus now they have such info sharing agreements with tax havens but i bet such agreements are not signed by these tax havens with most other countries otherwise these tax havens would go bust pretty soon if they didnt give anonymity to funds pilfered from elsewhere.

purch

feel free to disagree if you still think it was just wiki/google info

How could I disagree........it would require me to give a f*"k !!!!

Arguing with 'nutters' on an internet forum over their current 'pet peeve' is a pointless way to spend any of your life.

Oh, and I also believe you when you say nothing in post was cut n pasted from wikiguesspedia. All those links must have appeared by magic !!!!

exil

mewbie wrote: »

It's no fantasy my friend. Brown was Chancellor during the biggest British house price bubble fuelled by arguably illegal amounts of dodgy credit. He rode the back of it, claimed credit for it, and now seeks to duck responsibility.

Why is UK worst placed of any other country?

it isn't

Why did we have the biggest house price bubble?

we didn't

Where did all the money go?

it hasn't

tbh I'm not that fussed about the 'global' situation

you should be since a lot of your money is invested abroad, not here

bubblesmoney

purch wrote: »

How could I disagree........it would require me to give a f*"k !!!!

Oh, and I also believe you when you say nothing in post was cut n pasted from wikiguesspedia. All those links must have appeared by magic !!!!

what i said in my prev post was actually mentioned in the one earlier to that when posted initially but i had edited that out later at night as i didnt feel it was needed as it was just based on personal discussions i had with people in the know about these things. so i guess u saw only the wiki bits.

the wikilinks were used as there were references in those links. i didnt say nothing was from wiki,

feel free to disagree if you still think it was just wiki/google info

i said my views were not just based on what i read on wiki, before your response i hadnt thought about needing to quote discussions i had with people with experience in these tax investigation matters etc.

ditto with me as well, i dont give a f**K either since you are getting unreasonable i dont see the point in countinuing this discussion with you further. obviously your opinions (f**Kall without references apparently count more than the wiki links as per you, but probably not to others like me).

you probably could learn a thing or two from generali who even though disagreed (i think ) with my views but was still very courteous (as always) and gave his reasons for the same. but guess it is unreasonable to expect all people to be reasonable all the time (including me). everyone has a bad day.

have a nice day (the both of you). purch - there are better things to argue about than what i write:beer: .

exil

The start of our recovery from the last recession started when we fell out of
the EMU and sterling dropped in value. This enabled the UK to sell goods and services as the world emerged from the slump.

OK I'm just Mr Optimistic. The 1930s depression featured "competitive devaluation" as countries each gave up the fight to defend their currencies.

Bothered!

Oh My God just read this lot on here... only got one thing to say about the powers that be banks /governments and all......

What a wicked web they weave... who's pulling the wool over who's eyes!

We aren't going bankrupt yet! but we are certainly in for a very tough ride on this wave...