UK now under serious threat (free market, real estate, interest, money)

[Movie Lover]

It has been announced today by Prime Minister, Gordon Brown, that the current European recession could topple the Sterling.

Thats all I can say, I'm far too upset about this.

[evilnewbie]

I was expecting they and most of the countries would be experiencing this... countries where a lot of socialist policies will be slammed when they find all the things they keep funding is getting a lot more expensive and less return... the only safe country is one that has protected itself from globalization and maintained a more free market society...

[HappyTexan]

Originally Posted by evilnewbie

I was expecting they and most of the countries would be experiencing this... countries where a lot of socialist policies will be slammed when they find all the things they keep funding is getting a lot more expensive and less return... the only safe country is one that has protected itself from globalization and maintained a more free market society...

I would venture to say that might be India. Even with all the offshoring to India..they have been sucessful in creating a safety bubble around them.

[evilnewbie]

India is incredibly globalized, they do have a large offshore labor force but they are managed by a socialist economy (government controls all private enterprises in the country)... that is not a free market system.. as I hear it, their stock markets are crashing and their currency is as well.. thats what happens when the government has direct control over your business...

[HappyTexan]

"The Crack Up Boom, Part XII" by Ty Andros, FSU Editorial 11/14/2008

snippet:
"Only India reflects a still-growing economy, the rest are in dire straights."

India does practice protectionist policies. If you are a seasoned software programmer..go and try to move to India to get a job..it won't happen.

In this market..not practicing "free trade" seems to be helping them stay above the other countries.

[Movie Lover]

The problem is that Britain might be foreignised.

[floridasandy]

Originally Posted by HappyTexan

"The Crack Up Boom, Part XII" by Ty Andros, FSU Editorial 11/14/2008

snippet:
"Only India reflects a still-growing economy, the rest are in dire straights."

India does practice protectionist policies. If you are a seasoned software programmer..go and try to move to India to get a job..it won't happen.

In this market..not practicing "free trade" seems to be helping them stay above the other countries.

that was an interesting article for people to read, especially this part:
Electric bills and gasoline prices can be expected to TRIPLE before the end of the new liberal democratic presidential administration ends it first term. This is the definition of hope and a new way of doing things, economic pearl harbors to our future economic growth. When public servants decide how to allocate capital you can expect it to be destroyed. Only the private sector can provide “more for less” money, now you can expect to get considerably “less for more” money. Can you say FLEECED!

i do remember barack saying that electricity prices would go up, but that it would be a "small price to pay" for his green policies. now i am starting to understand this whole situation. i can only assume that president bush was in on this as well.

[Nor'Eastah]

Originally Posted by Movie Lover

The problem is that Britain might be foreignised.

I doubt it. Nobody wants it!

[Movie Lover]

Precisely!! We need to give Britans jobs back to the British people, no more of this call centre crap in India where you can't even understand what they are saying.

We are collapsing throught the greed of businesses who want to make more profits by using cheap labour. They have a lot of balls.

[tallrick]

Anyone could see this. The outrageous real estate prices in Britain were a sure sign of the disaster to come. WHen will people realize that expensive real estate is a sign of a house of cards economy?