British Goverment minster spills the beans (& his guts)

[Mega]

http://www.dailymail.co.uk/news/arti...mes-ahead.html

Painful?
As painful as having your children killed by those nice Anglo-saxions trying the "liberate you(r oil/Gold/silver/water/gas/coal...etc) from that nasty leader you have?

I hope & pray its FAR worse than what they are hinting of........lets see you flicking though a BMW brosure then!!!!!!!

Mike

[lektrode]

Re: British Goverment minster spills the beans (& his guts)

http://www.dailymail.co.uk/news/arti...mes-ahead.html

Painful?
As painful as having your children killed by those nice Anglo-saxions trying the "liberate you(r oil/Gold/silver/water/gas/coal...etc) from that nasty leader you have?

I hope & pray its FAR worse than what they are hinting of........lets see you flicking though a BMW brosure then!!!!!!!

Mike

a little compassion (for the ones who will pay the price) mr mike?

but eye do note that at least y'all over there in the UK get REAL news coverage out of your newpapers - the bastards that run the lamestream media over here are doing everything they can to keep the herd BLIND to whats _really_ going on, in purely an effort to make the current occupant(s) look good going into next years farce of an election

from the dailymail story:

• Spencer Dale warns of two years of increases as country battles inflation
• Vince Cable warns of 'painful times' ahead
  

A top economist has warned that the UK's financial recovery is still extremely fragile - and could be scuppered at any moment by the threat of rising inflation.
And the bleak economic outlook was shared by Government minister Vince Cable, who said that the public is ill-prepared for the impending financial squeeze.
In an interview in today's Financial Times, the Bank of England's chief economist, Spencer Dale, urged the bank to raise interest rates in a bid to counter rising inflation.


....
'I am not at all confident that the recovery has taken hold and will definitely power away. However, I am even more worried about what is going on in terms of inflation.
'The sustained period we've see of such high inflation over the past five years... could cause inflation to persist for longer,' he added.
....

The bank has kept interest rates at a record low 0.5 percent for more than two years, despite inflation rising to more than double its target.
Meanwhile, Business Secretary Vince Cable has warned the public there will be 'painful' times ahead as the UK battles to reduce its record budget deficit.
And he rounded on Labour leader Ed Miliband and his Chancellor, Ed Balls, for being in a state of denial.
[sounds familiar...]

'I think it is not understood that the British economy has declined by six or seven per cent - it is now ten per cent below trend,' Mr Cable said in an interview in today's Guardian newspaper.

[or likely about where The US would be, had the fed not flushed 3 or 4 TRILLION down the toilet, for what? to kick the can down the road to 2013???...]

'We are actually a poorer country, mainly because of the banking crash, the recession that followed it, and partly due to the squeeze we are under due to the changing balance of the world economy. Britain is no longer one of the world’s price setters.
'It is painful. It is a challenge to us in government to explain all that, and it is a pity that the political class is not preparing the public for it to understand how massive the problem is.'
Referring to Mr Miliband and Mr Balls, the Business Secretary went on: 'They are in a state of denial that there is a big structural problem with the UK economy.


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and whoa - what 'balls he has' for even sayin such, eh?
fat chance in hell we'd ever get that kind of frank talk in The US!


and whoa!! again, for balls the publisher of the dailymail has - but guess gotta have more that the football scores to keep the lads focused, these daze, huh? :


http://www.dailymail.co.uk/tvshowbiz...cGuinness.html


WHOOOO LA LA....

[Mega]

Re: British Goverment minster spills the beans (& his guts)

http://www.independent.co.uk/news/bu...n-2286609.html
The Bank of England doesn't know what to do:-
If they lift rates they flatline the econermy
If they don't a tidel wave of inflation & capital flight will kill it!
Mike