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View Full Version : Why the UK is doomed - sell your sterling



sasguru
17th March 2009, 11:29
http://blogs.thisismoney.co.uk/this_is_money_blog/2009/03/a-legendary-investor-on-why-britain-is-doomed.html

1. North sea oil drying up
2. City money drying up

I would add:

3. Can't even make aero-engines properly any more

What do we sell?

zara_backdog
17th March 2009, 11:37
Can't even make aero-engines properly any more

What do we sell?

RR seem to be doing OK ( apart from the Trent on the 777)

Goodrich and Dunlop also OK and provide Systems to other aero-engines.

AlfredJPruffock
17th March 2009, 11:42
Old man dies !
The note he left was signed 'Old Father Thames'
- it seems he's drowned;

Selling England by the Pound.

Citizens of Hope & Glory,
Time goes by - it's the 'time of your life'.
Easy now, sit you down.

Chewing through your Wimpey dreams,
they eat without a sound;
digesting England by the Pound.

Young man says 'you are what you eat' - eat well.
Old man says 'you are what you wear' - wear well.


You know what you are, you don't give a damn;
bursting your belt that is your homemade sham.

BrilloPad
17th March 2009, 11:47
Old man dies !
The note he left was signed 'Old Father Thames'
- it seems he's drowned;

Selling England by the Pound.

Citizens of Hope & Glory,
Time goes by - it's the 'time of your life'.
Easy now, sit you down.

Chewing through your Wimpey dreams,
they eat without a sound;
digesting England by the Pound.

Young man says 'you are what you eat' - eat well.
Old man says 'you are what you wear' - wear well.


You know what you are, you don't give a damn;
bursting your belt that is your homemade sham.

That was from 1974/1975? There is always a scare story about.

The city will bounce back.

DimPrawn
17th March 2009, 12:25
I thought all this doom was just right-wing propaganda written in right-wing papers?

:rolleyes:

Mich the Tester
17th March 2009, 12:29
What do we sell?
Lemon curd
Datsuns
Pornography

Doggy Styles
17th March 2009, 14:40
1. North sea oil drying up
2. City money drying upDamn, now we've got to work for a living like my dad did.

What happened to those Welsh gold mines?

foritisme
17th March 2009, 14:52
Damn, now we've got to work for a living like my dad did.

What happened to those Welsh Pot Noodle mines?

:spel

Svalbaard
17th March 2009, 15:02
We are still a world leader in automotive and architectural design.

And, er...

AlfredJPruffock
17th March 2009, 15:16
We've got Posh and Becks - oh wait theyre moved havent they - erm Kate Moss then.

PM-Junkie
17th March 2009, 16:46
We are still a world leader in automotive and architectural design.

And, er...

we're also very good at inventing sports, exporting them, and then getting dicked by everyone...
And of course weapons....

centurian
17th March 2009, 21:25
http://blogs.thisismoney.co.uk/this_is_money_blog/2009/03/a-legendary-investor-on-why-britain-is-doomed.html

1. North sea oil drying up
2. City money drying up

I would add:

3. Can't even make aero-engines properly any more

What do we sell?

Quote "I've sold mine"...

Which means the only way for his 'short' to be successful is for everyone else to follow suit.

Sounds a lot like "buy-to-let ers" telling everyone else that they absolutely cannot afford to lose out and simply must buy into property because it will keep going up forever.


He might be right, but the fact that he has a vested interest in the result clearly taints what he is saying...