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The Artful Todger
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The Artful Todger is offline
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19-06-2019, 02:53 PM
11

Re: Is the UK bankrupt?

Originally Posted by Aerolor ->
I don't think the country is bankrupt, but I do believe we are getting poorer and poorer as a nation. We have less in the way of resources and/or the means to create them. We now have two generations of people who have grown up believing themselves to be "entitled" without having to put in much effort. They expect to be taken care of so the incentive to look after themselves has never taken root. It's a sad state of affairs, but I don't see it getting any better. Our country's day as a leader is fast coming to an end - other nations are waiting for their turn. It is how things are naturally going for this country, but very painful. Best for our children to emigrate now to one of the "new" countries - Canada, Australia, America, New Zealand. There, they and their children, may have the chance that their energies could be well utilised if they are willing to work and use their brains. Opportunity in this country is fast disappearing down the plughole.
The UK ceased to be a leader in anything in the mid 50's but what today the Snowflakes call Gamins just couldn't get it.
Donkeyman
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19-06-2019, 03:34 PM
12

Re: Is the UK bankrupt?

Originally Posted by The Artful Todger ->
The UK is unable to compete in terms of physical exports are concerned other than maybe, and it's a very big maybe in small niche markets that simply wouldn't make a dent in the invisible export value.

Heavy industry was already a dead duck before Thatcher came into office, same with the car industry, aircraft manufacturing was not viable because of political aspects that were totally outside our control quite apart from technology, coal cost more to take out of the ground than it could be sold to the marketplace, shipping was a dead duck because of Far Eastern competition and political non-tariff barriers in Europe, so what were the holders of capital to do?

After all most holders of capital weren't individuals but corporate shareholder such as venture capital funds, insurance funds, churches, councils (yes, really!) and so forth.

BREXIT is going to be interesting. There is no doubt that the finance sector is not going to survive as is but on the plus side there will be very lucrative opportunities open up in particular as a centre for tax efficient fund management and also as a low, or very low tax centre for non domicile individuals, corporations, and businesses such as Amazon.

Interestingly there are steps being taken to clean up the crown dependencies that act as tax havens or as hubs to serve tax havens.

It's gonna be fun! Dirty, of marginal legitimacy, very doubtful morality but so what. The game isn't 'bout how it's played, it's about winning.
I do fundementally agree with the above Todgy but can
you explain why uk industries could not do what germany
did by investing in modern plant and new products, vit seems
our owners and shareholders were unwilling to do this!
Whereas germany and france supported their industries?
I have my own ideas why this was, but all that is history now
and uk needs a new bstart? Perhaps we should do as you
say vand embrace the financial skullduggery option and usurp
some of the current practitioners of this trade?

Regards Donkeyman!
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The Artful Todger
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19-06-2019, 04:11 PM
13

Re: Is the UK bankrupt?

Originally Posted by Donkeyman ->
I do fundementally agree with the above Todgy but can
you explain why uk industries could not do what germany
did by investing in modern plant and new products, vit seems
our owners and shareholders were unwilling to do this!
Whereas germany and france supported their industries?
I have my own ideas why this was, but all that is history now
and uk needs a new bstart? Perhaps we should do as you
say vand embrace the financial skullduggery option and usurp
some of the current practitioners of this trade?

Regards Donkeyman!
The German work ethic at all levels is totally different from that in the UK.

As for the UK investing in modern plant, that would have required loans because the UK was swamped with debt and given that in one country the workforce had a very strong work ethic while another the workforce did the bare minimum they could get away with who ya gonna lend gelt to?
Purwell
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19-06-2019, 05:30 PM
14

Re: Is the UK bankrupt?

Originally Posted by The Artful Todger ->
The UK ceased to be a leader in anything in the mid 50's but what today the Snowflakes call Gamins just couldn't get it.
It’s Gammons, as in red face blustering old fools. Take a look around you son, in the words of Barry Maguire.
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The Artful Todger
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The Artful Todger is offline
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19-06-2019, 05:46 PM
15

Re: Is the UK bankrupt?

Originally Posted by Purwell ->
It’s Gammons, as in red face blustering old fools. Take a look around you son, in the words of Barry Maguire.
We still have people wittering on about the UK being a world power and having a "duty" to become involved in American adventures that are absolutely non of our business or our concern and just make trouble that the American arms sector are only too willing to exploit.

The UK is a spent force. It is categorically not a wealthy nation, and pretending otherwise is as delusional as believing in a Sky Fairy.

After BREXIT the next thing to get free from is NATO aka Northern American Terrorist Organisation.

Once it served a useful purpose. After the ending of the USSR no longer. Now it is a big problem, especially for us.
Donkeyman
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19-06-2019, 08:40 PM
16

Re: Is the UK bankrupt?

Originally Posted by The Artful Todger ->
We still have people wittering on about the UK being a world power and having a "duty" to become involved in American adventures that are absolutely non of our business or our concern and just make trouble that the American arms sector are only too willing to exploit.

The UK is a spent force. It is categorically not a wealthy nation, and pretending otherwise is as delusional as believing in a Sky Fairy.

After BREXIT the next thing to get free from is NATO aka Northern American Terrorist Organisation.

Once it served a useful purpose. After the ending of the USSR no longer. Now it is a big problem, especially for us.
Could it be that the disinvesrment in uk was not entirely
driven by lazy workers and lack of productivity but also by
the the the monied classess wanting more and more returns
on their investments, ( paid for by the sale of their assets )
rather than bother with having to put money into running a
Bono - Fide business and all that entails!
Imo the financial sector has developed into a machine that is
only interested in high profit short term business which
actually cant be sustained long term!
Ergo the boom crash scenario we have at present
However none of this solves our present problems which
once again are largely self inflicted and requires a complete
change in everything we are presently doing!

Regards Donkeyman!
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19-06-2019, 09:01 PM
17

Re: Is the UK bankrupt?

Hi

We are still spending more than we earn.

That means either more cuts or Tax Increases.

We cannot keep borrowing.

We are still protecting our huge overseas aid budget, but not looking after our own.

We have two new aircraft carriers, a complete vanity project, but cannot stop illegals entering.

We are spending £Billions on HS2, but not enough trains to get people to work on time.

We need a change.
Realist
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19-06-2019, 09:19 PM
18

Re: Is the UK bankrupt?

Is the UK Bankrupt?

Pretty much has been since this greedy obnoxious out of control moron went on an uncontrolled spending frenzy and then sold all our gold reserves for a pittance to foreign interests




NEVER AGAIN !!
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20-06-2019, 02:17 PM
19

Re: Is the UK bankrupt?

Originally Posted by Realist ->
Is the UK Bankrupt?

Pretty much has been since this greedy obnoxious out of control moron went on an uncontrolled spending frenzy and then sold all our gold reserves for a pittance to foreign interests




NEVER AGAIN !!
He raided pensions 3 times and rolled out wholesale PFI into the NHS as well.
 
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