Topic: who owes who ???

when the whole global economy fails because of debt...who owes who
....does anybody know...will i be stopped my job seekers allowance...where
will i get my next bowl of soup .......thank god for human rights..(alilooyah )they will sort it out
...will they my arse...but somebody's got to

this is ollys quiz of the month....the winner will become the king ( or queen ) of greece
pending a referendum

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Re: who owes who ???

It is not the world economy from the neighborhood store. It is the backyard economy that counts. World news gets more attention than your local shop layoffs.

I feel we are heading into a time where money will mean nothing but to start a fire with. I heard that happen during WW2.

Anyway, our business is down by maybe 70% and that is hard to swallow every month

my lyrics, my guitar and my imagination

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3 (edited by jamesd74 10-02-12 23:42:42)

Re: who owes who ???

This is bigger then we all think.

The cost of living is through the roof, people don't have the money to go out spending. They have to pay it all out, rent, mortgage that are all expensive beyond belief. The tv license Gas, electric, water rates and the council tax, it all adds up. Lets not forget the price of food which as risen 70% in the last 2 years, and to top it all off VATs up to 20%

The governments have got out of it before is by stimulating the housing market, houses go up in value people borrow and spend. However, there is no room for simulation, house price rose far faster then inflation and banks lent money after money after money and didn't get hardly any of it back. It will be 10 years before inflation catches up with house price's. Then its stimulate the housing market and it all goes round again.

There is worse to come.... I think where not even half way there to coming out of this.

As for JSA look closely at the government plans thats all gonna go tits. We will end up with no welfare state like America and no NHS, which might not be a bad thing, but thats a topic for another time.

Imagine if the words of Imagine ever came true.....

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Re: who owes who ???

I think if people will just use cash instead of credit all the time, we'll see everything make an adjustment and maybe we will have a real economy again. As I see it, credit makes the world move, but it is a trap set out by the big wigs to control all nations. The euro is a very good example. Just look at Poland's economy. One of the strongest in Europe, and they don't use the euro.  I always though it was a scam to begin with.

my lyrics, my guitar and my imagination

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