[KevO]

NOW it's time to sell everything and withdraw all of your money from banks. We are being warned.
(constantly if we heed)
$this->bbcode_second_pass_quote('', 'G')ordon Brown's willingness to borrow his way out of trouble could lead to the collapse of sterling, shadow chancellor George Osborne has warned.

[dukey]

i put all my money into gold bullion a few months back

They keep telling people the bail out is tax payers money. In reality they just printed half a trillion pounds and dumped it into the economy as loans. Then we are liable for the interest on this money. The government will tax us for this .. This massive expansion of the currency supply together with interest rates cuts is already wrecking the value of the £.

£ vs US dollar ..


£ vs €


There is no easy come back from this nightmare.

[kjmclark]

But what percent of GDP is the UK debt up to? Paul Krugman pointed out a while ago that the US debt isn't too bad compared to GDP and historical ratios of debt to GDP. If the situation is the same for the UK, then it probably is less of a problem right now than letting a budding deflation bear fruit.

Osborne is certainly right to point out the potential problem, but that doesn't mean currency collapse is imminent, or even a serious concern at this point. Heading off deflation looks like a much more difficult problem.

[GeneralGreen]

England has many problems facing it...The Financial crisis is only one..They have a steep decline of revenue they so need from the decline of the British half of the North Sea..They also have a baby boomer population retiring now...Their housing bubble was even bigger and more widespread then the US's , they have a farmer population who are also getting creamed by this credit crunch "thus will cause food shortages int eh UK sooner then most think.
The Brits also need to do more bailouts as their housing bubble pops ever more "this is only the begginging..I expect at this rate of things by 2012 the Pound will be near worthless. This will casue a huge problem for imports "The small Island imports most of its foods'
62 million people...on an Island the size of Oregon..with no money..no jobs,,no oil...little coal...no wood...and soon no food!
If I had a home in the UK I would action it off NOW and get the hell out of there! That place is going to be in total anarchy and chaos within 5 years.

[RdSnt]

Perhaps the GDP rate is not that high, historically, but you have to consider how robust is GDP.
In the past financial crisis manufacturing made up a large portion of GDP, now it is 70% consumer driven. This means GDP is much more frail since when the consumer stops buying GDP crashes.

$this->bbcode_second_pass_quote('kjmclark', 'B')ut what percent of GDP is the UK debt up to? Paul Krugman pointed out a while ago that the US debt isn't too bad compared to GDP and historical ratios of debt to GDP. If the situation is the same for the UK, then it probably is less of a problem right now than letting a budding deflation bear fruit.

Osborne is certainly right to point out the potential problem, but that doesn't mean currency collapse is imminent, or even a serious concern at this point. Heading off deflation looks like a much more difficult problem.

[TheAntiDoomer]

KevO cracks me up. His links embody JD's "doomerism for entertainment" crowd.

[KevO]

$this->bbcode_second_pass_quote('TheAntiDoomer', 'K')evO cracks me up. His links embody JD's "doomerism for entertainment" crowd.

[dorlomin]

$this->bbcode_second_pass_quote('KevO', 'N')OW it's time to sell everything and withdraw all of your money from banks. We are being warned.
(constantly if we heed)
$this->bbcode_second_pass_quote('', 'G')ordon Brown's willingness to borrow his way out of trouble could lead to the collapse of sterling, shadow chancellor George Osborne has warned.

[careinke]

67 million in the UK!! Holy Cr@P!!! If the US were at that density we would have over 2.5 Billion people!! Now I feel better being in the US when TSHTF.

Cliff (Start a rEVOLution, grow a garden)

[graham]

Actually the u.k. population is around 60 million, not that this makes much difference....

[KevO]

$this->bbcode_second_pass_quote('careinke', '6')7 million in the UK!! Holy Cr@P!!! If the US were at that density we would have over 2.5 Billion people!! Now I feel better being in the US when TSHTF.

Cliff (Start a rEVOLution, grow a garden)

[galacticsurfer]

anybody got a link for arable land per capita in UK and food production possible without imports (including fertilizer imports). Is die-off mandatory from an analytical standpoint?

[KevO]

$this->bbcode_second_pass_quote('graham', 'A')ctually the u.k. population is around 60 million, not that this makes much difference....

[graham]

Point taken, but do you think those illegals, or recent legal immigrants for that matter, will stay WTSHTF?

[KevO]

$this->bbcode_second_pass_quote('graham', 'P')oint taken, but do you think those illegals, or recent legal immigrants for that matter, will stay WTSHTF?

[Eli]

Kevo more like 2 to 3 weeks before the shtf.

The sterling collapse will cause your food prices to double over night. Luckily the UK does not have a crime problem and people are so polite that the social fall out will not be an issue. It will be all "Pardon me, could spare some cheese, oh you can not, well then cheerio ."

[KevO]

$this->bbcode_second_pass_quote('Eli', ' ')Luckily the UK does not have a crime problem and people are so polite that the social fall out will not be an issue. It will be all "Pardon me, could spare some cheese, oh you can not, well then cheerio ."

[graham]

$this->bbcode_second_pass_quote('KevO', 'N')OW it's time to sell everything and withdraw all of your money from banks. We are being warned.
(constantly if we heed)
$this->bbcode_second_pass_quote('', 'G')ordon Brown's willingness to borrow his way out of trouble could lead to the collapse of sterling, shadow chancellor George Osborne has warned.

[graham]

$this->bbcode_second_pass_quote('KevO', '')$this->bbcode_second_pass_quote('graham', 'P')oint taken, but do you think those illegals, or recent legal immigrants for that matter, will stay WTSHTF?