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    Governor of the BOE suggests that a triple-dip is probably on.

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    papa_umau
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    Governor of the BOE suggests that a triple-dip is probably on.

    Post by papa_umau on Thu 15 Nov 2012, 1:56 pm

    Sir Mervyn King, the Governor of the Bank of England, suggested yesterday that because our economy has been flat-lining for such a long time and that the slight boost that the Olympics gave the country is now wearing off there is a risk that we may drop into TRIPLE-DIP recession.

    If that does not serve a strong indictment on Cameron and Osborne, nothing will !

    Past time for a PLAN "B" I think mister Chancellor !


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    Re: Governor of the BOE suggests that a triple-dip is probably on.

    Post by jim on Thu 15 Nov 2012, 2:12 pm

    The eurozone has returned to recession as the region's debt crisis continues to hurt demand,

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    Re: Governor of the BOE suggests that a triple-dip is probably on.

    Post by Guest on Sat 17 Nov 2012, 9:53 am

    If you've borrowed too much money I don't see what else you can do whilst paying it back unless you are suggesting the government defaults. Certainly not borrow more as that pillock Balls keeps suggesting. Labour really haven't got a clue!

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    Re: Governor of the BOE suggests that a triple-dip is probably on.

    Post by papa_umau on Sat 17 Nov 2012, 12:01 pm

    Clapco wrote:If you've borrowed too much money I don't see what else you can do whilst paying it back unless you are suggesting the government defaults. Certainly not borrow more as that pillock Balls keeps suggesting. Labour really haven't got a clue!

    CC

    That outburst just shows how narrow-minded you really are when it comes to laying the blame for the state of our economy.

    Yes, borrowing is one of the factors, but just like Cameron and Osborne are blaming everybody but themselves for this situation, you seem to be unable to see that to fix this broken economy many things have to be done.

    Cameron said at the last Tory conference that: "The government has no intention of easing up on its austerity programme, insisting that Britain does not need a 'Plan B' despite concerns expressed by the International Monetary Fund", and lately his own Bank of England boss, Sir Mervyn King.

    ( The IMF has cut its growth forecasts for Britain and warned in its annual fiscal monitor that Britain will miss deficit reduction targets this year ).




    This stubborn and entrenched fool and his even more stubborn and also entrenched Chancellor do not seem to realise that "plan A" is just not improving this situation and that more is going to have to be done to get Britain out of this ingrained state of decline.

    Many important and clever people both inside and outside the government and in the wider financial areas have been trying to get these two to change direction as we all now know that austerity, ( hitting the bottom end of society both in Britain and in Europe ), on it's own, is just not working, and all it is doing is creating bad feeling amongst the ordinary people on the ground, who are now taking to the streets in every major city across Europe to protest about this unfair and failing policy.



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    Re: Governor of the BOE suggests that a triple-dip is probably on.

    Post by Guest on Mon 19 Nov 2012, 8:01 pm

    What are you talking about Paps?

    If you spend more than you earn you go bankrupt whatever political persuasion you are. All you austerity deniers seem unable to absorb that simple fact - when you owe more than you can pay back STOP BORROWING!

    Get used to it and stop spreading false hope. Whoever wins the next election it is more austerity. It is not a choice. The money was borrowed by that one eyed Scottish idiot mate of yours and given to the bottom end in society in an attempt to buy their votes. Why shouldn't they pay their share back?

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    Re: Governor of the BOE suggests that a triple-dip is probably on.

    Post by papa_umau on Tue 20 Nov 2012, 12:28 pm

    That statement is simplistic and spurious as the whole world revolves around credit and you should know this if you are a businessman - as you say you are .

    Almost all groups and individuals and even countries that borrow do so against assets - which are used for what the Americas call "collateral". Because this is how borrowing and lending goes many "groups, individuals and even countries" regularly borrow more than they can pay back at the time of borrowing.

    NOW... getting back to the real point here:

    All of these countries that have got themselves into a hole that they are finding difficult to craw out of are heaping this debt onto the heads of the ordinary people on the streets with their so-called "austerity" programmes while the profligate idiots that caused the problem in the first place are protected by their riches.

    In other words: AUSTERITY PROGRAMMES only hurt the people that are the weakest and the most vulnerable and that is why these vulnerable people are getting out onto the streets to protest.

    If you are as entrenched as I think you are and you cannot see this then you might very well be one of the people that will be brought down by these mini-revolutions.


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