UK set for bust

It’s the moment we’ve been waiting for.

  • Brought forward by the forthcoming election and the danger of a coalition government being appointed,
  • The danger of Brexit collapsing before it starts if that happens.
  • The 3 month drop of house prices
  • UK car sales dropping by a fifth after tax changes and price rises,
  • The claim that everyone is in employment,
    Totally ignoring that most people aren’t making enough wages to make ends meet thus are still suffering from increasing personal debt,
  • Personal borrowing and credit has maxed out at unbelievably high levels
    (As Martin Wolf, the Financial Times’s chief economics commentator noted, ‘Excess borrowing by fools would have been impossible without excess lending by fools: creditors and debtors are joined at the hip’). That would be the BANKS (again)!

The scene is set for UK’s second financial collapse.
Oh goodie, and a shucks!
Problem is we don’t owe a penny to a soul and them who do will probably get their debts written off. There’s no justice is there?

Advertisements
This entry was posted in money, news and tagged , , , . Bookmark the permalink.

Go on, grade me!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s