How long do you think it takes to bring the country back from the brink of bankruptcy?
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Originally posted by NigelJK View PostHow long do you think it takes to bring the country back from the brink of bankruptcy?Comment
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Originally posted by meridian View PostThat’s a strong description. In what way was the U.K. on the “brink of bankruptcy”?Comment
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Originally posted by NigelJK View PostHow long do you think it takes to bring the country back from the brink of bankruptcy?
b) national debt is now much higherComment
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Be good to see some statistics to prove that. IIRC despite an unprecedented global boom, Broon still managed to knacker the economy for Generations.Comment
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Originally posted by Yorkie62 View PostWhat did the note say again..oh yes.."There's no money left" Kinda hints at bankruptcy. I know I am about to make one certain individual bankrupt.
Good thing you’re not in charge of anything.Comment
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Originally posted by NigelJK View PostBe good to see some statistics to prove that. IIRC despite an unprecedented global boom, Broon still managed to knacker the economy for Generations.
a. You’re the one that said “brink of bankruptcy”, it’s all yours to prove.
b. The national debt is clearly higher, there’s graphs in this very thread that show you that.Comment
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Originally posted by meridian View PostAh yes, that great body of evidence, a “note”.
Good thing you’re not in charge of anything.
Sent from my SM-G955F using Contractor UK Forum mobile appComment
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Originally posted by meridian View PostThat’s a strong description. In what way was the U.K. on the “brink of bankruptcy”?
Increasing trade deficit.
Higher interest rates on foreign debt, of which there is a lot.
A massive devaluation of currency.
The last point is particularly worrying and increasingly likely. UK debt is only affordable at the minute because of floored interest rates. There's no room for central banks to manoeuvre during the next recession.
Generally speaking. Central banks have been loading up on Gold & Silver in the past few years in a large way. Even the BoE to the point of stealing from Venezuela. You think they won't do the same to the public?
The UK is about to become Greece Mk II on the EU's doorstep."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Yorkie62 View PostWhat did the note say again..oh yes.."There's no money left" Kinda hints at bankruptcy. I know I am about to make one certain individual bankrupt.
What was the bankruptcy process that the UK was on the brink of?Comment
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