England and Europe are trapped in depression and England is bankrupt.

amcluesent

"No empire lasts forever and the Western Nations are now in the final run up to economic collapse. It is only a matter of three decades or less before implosion occurs."

1. The point at which the British economy will fail is when China and India force the price of oil up due to their own consumption, when the number of elderly people reach the level where the medical and social services are overwhelmed, and when the savings and wealth of the nation are exhausted.
2. What is happening in the Western Nations today is no different to what happened in the closing stages of the Roman Empire.

kianicky

err scotland, wales and northern ireland are feeling the pinch too, not just england!! but then again alot of amercian's think britian is only england lol!! or even london!!

Wookster

Spiv wrote: »

US GDP might have fallen by 5.5% in Qtr4 *gulp*

The article does say at an annual rate of 5.5% - which roughly equates to a quarterly rate of 1.325%

Slightly better than us that is.

StevieJ

amcluesent wrote: »

"No empire lasts forever and the Western Nations are now in the final run up to economic collapse. It is only a matter of three decades or less before implosion occurs."

1. The point at which the British economy will fail is when China and India force the price of oil up due to their own consumption, when the number of elderly people reach the level where the medical and social services are overwhelmed, and when the savings and wealth of the nation are exhausted.
2. What is happening in the Western Nations today is no different to what happened in the closing stages of the Roman Empire.

It took ages for the Roman Empire to totally collapse, in fact Constantinople did not fall until 1453 I reckon that gives us about 1000 years :rolleyes:

stonethrower

StevieJ wrote: »

It took ages for the Roman Empire to totally collapse, in fact Constantinople did not fall until 1453 I reckon that gives us about 1000 years :rolleyes:

Some say it hasn't collapsed just changed into the Catholic Church

itsallagame_2

stonethrower wrote: »

Some say it hasn't collapsed just changed into the Catholic Church

Same as British Empire turned into the Commonwealth and its dependencies

Follow the money :money:

meanmachine_2

Wookster wrote: »

The article does say at an annual rate of 5.5% - which roughly equates to a quarterly rate of 1.325%

Slightly better than us that is.

Yes, just to clarify, that's a 5.5% annual equivalent rate. Taking our last quarter on the same terms, we'd be down 6% annually.

A 5.5% actual drop in 3 months wouldn't just be a recession, or even a depression, it would be armageddon!

WTF?_2

amcluesent wrote: »

"No empire lasts forever and the Western Nations are now in the final run up to economic collapse. It is only a matter of three decades or less before implosion occurs."

1. The point at which the British economy will fail is when China and India force the price of oil up due to their own consumption, when the number of elderly people reach the level where the medical and social services are overwhelmed, and when the savings and wealth of the nation are exhausted.
2. What is happening in the Western Nations today is no different to what happened in the closing stages of the Roman Empire.

I don't know about point 2 but I strongly agree with point 1.

Sooner or later the Chinese and other economically productive nations are going to figure that the West is a busted flush and their future depends on fostering a market locally and with other Asian nations which aren't laden down with debt.

Either we shape up, pay down our huge existing debt, become much less dependent on borrowing and work on making our economies fundamentally stronger and more competitive or ... We decide that we can just borrow/print out way out of the crisis and those emerging economies will continue to keep taking our worthless IOUs in return for producing cheap food and manufactured goods, made possible by turning their populations into virtual slaves who loan what savings/profits they make back to us..... Yes, that might work :rolleyes:

pandamonia

Asheron wrote: »

England and Europe are trapped in depression and England is bankrupt. In Greece and in the Baltics and South Balkans they are having the worst riots in almost 20 years. S&P has cut Greek debt to near junk and the bonds of Italy, Spain, Portugal and Ireland are on negative watch. As we told you before this is a worldwide catastrophe. There will be no decoupling. Ireland has nationalized the Anglo Irish Bank, the biggest bank in the country. The social fabric is being torn as it soon also will be in the US and other countries. The entire world is entrapped in a web created to bring about world government.

http://www.theinternationalforecaster.com/International_Forecaster_Weekly/How_Long_Will_Foreigners_Fund_Our_Reckless_Spending_Habits

Please stop posting this crap, your top line post lacks the details of your so called facts, England is actually not bankrupt and nor is it even close. in fact we are far from it. please stop posting your apocalyptic crap since you just make things worse

exil

There are people who get a lot of pleasure from this sort of "we're doomed" talk. I'm only 50 but can remember at least 3 recessions and lived 40 years with the thought that I might be woken up one morning by the 4-minute warning. Older people will remember the war and Britian REALLY being bankrupt in 1945. The USA national debt in 1945 was many times bigger in real terms than it is now, and yet the American economy grew continuously for the next 30 years,