UK headed for the crapper ???

[Abe]

tibby had a well earned rest on my ignore list

 

[EtienneK]

tibby had a well earned rest on my ignore list

Lol this guy sounds awesome.

Come on tibby, show us new guys why you are hated so much!

 

[Moederloos]

1.8trillion pounds.
Ag no problem.
Mugabe can send them one nice fresh 100 tn Zim$ note.

 

[TheHiveMind]

Britain has overcome worse.

 

[Nod]

Britain has overcome worse.

The Black Death in England from 1348 to 1350?

Would be nice if you could elaborate on your statement.

 

[sox63]

I think before we say countries are going down the crapper, we must realise that this crises caught a lot of countries with their pants down and exposed. Some countries are more worse of than others. However, I do believe the likes of Britain CAN come through it, even if they have to borrow some cash here and there, they can afford to pay it back in the long run.

I just wish analysts would now concentrate on how to get things up and running again. But the desire to say "We told you so" seems to be the most common one.

 

[TheHiveMind]

The Black Death in England from 1348 to 1350?

Would be nice if you could elaborate on your statement.

Was specifically talking about their economy.
Great depression 1929 followed by ww2 which lead to the near bankruptcy of Britain. Their economy was on par with defeated Germany at the end of the war. They had to make many deals with the US just to stay afloat, the load they received was only fully paid off in 2006. Those deals greatly favoured the US. At the same time they had to give up control of many of their colonies. Ironically, Germany and the UK today have the largest economies in Europe. They both bounced back.

 

[Nod]

Was specifically talking about their economy.
Great depression 1929 followed by ww2 which lead to the near bankruptcy of Britain. Their economy was on par with defeated Germany at the end of the war. They had to make many deals with the US just to stay afloat. Those deals greatly favoured the US. At the same time they gave up control of their colonies. Ironically, Germany and the UK today have the largest economies in Europe. They both bounced back.

I believe a financial meltdown now and again is good for a country. Sometimes it's good to start over (so to speak), and do things just that little bit better.

 

[Xarog]

Was specifically talking about their economy.
Great depression 1929 followed by ww2 which lead to the near bankruptcy of Britain. Their economy was on par with defeated Germany at the end of the war. They had to make many deals with the US just to stay afloat, the load they received was only fully paid off in 2006. Those deals greatly favoured the US. At the same time they had to give up control of many of their colonies. Ironically, Germany and the UK today have the largest economies in Europe. They both bounced back.

Don't think the US is going to be bailing anyone else out this time around...

 

[chiskop]

First thought was "Who on earth has resurrected an old tibby thread?"

 

[-toady-]

I can't remember now why you left but tis great to see the old familiar nick back again...

 

[stoke]

Poor little pyramid scheme falls apart. But, who will the victims be of this scheme? Surely not the ordinary people. Surely not them.

 

[Lord Anubis]

Tibby welcome back..anyways..I was back home (Kent) a few months ago and I agree! The UK is heading downhill fast..IIRC a pack of marlboro's was £7!

 

[StrongTurd]

Sterling is finished:

'Sell any sterling you might have. It's finished'

One of the world's leading investors voiced the markets' concerns. Jim Rogers, of the Singapore-based Rogers Holdings and co-founder of the Quantum fund with George Soros, told Bloomberg Television: "I would urge you to sell any sterling you might have. It's finished. I hate to say it, but I would not put any money in the UK."

Before the official growth figures for the last three months of 2008, to be published on Friday, the Governor of the Bank of England, Mervyn King, warned that the world economy had "fallen off a cliff" and that, for the UK, "total output in the fourth quarter is expected to have fallen sharply. In the first half of this year, the rate of contraction is likely to continue to be marked". Some economists believe that the figure will be -1.5 per cent, one of the sharpest downturns since the Second World War.

Gordon Brown brings Britain to the edge of bankruptcy:

They don't know what they're doing, do they? With every step taken by the Government as it tries frantically to prop up the British banking system, this central truth becomes ever more obvious.

Yesterday marked a new low for all involved, even by the standards of this crisis. Britons woke to news of the enormity of the fresh horrors in store. Despite all the sophistry and outdated boom-era terminology from experts, I think a far greater number of people than is imagined grasp at root what is happening here.

The country stands on the precipice. We are at risk of utter humiliation, of London becoming a Reykjavik on Thames and Britain going under. Thanks to the arrogance, hubristic strutting and serial incompetence of the Government and a group of bankers, the possibility of national bankruptcy is not unrealistic.

The political impact will be seismic; anger will rage. The haunted looks on the faces of those in supporting roles, such as the Chancellor, suggest they have worked out that a tragedy is unfolding here.

British banks are 'technically insolvent'

Britains biggest banks are "technically insolvent", Royal Bank of Scotland said yesterday, as the global banking industry was rocked by another day of turmoil, including the announcement of $23bn (£16bn) of new losses from Merrill Lynch and Citigroup, the giant US institutions.

Analysts working for RBS, one of several British banks to have received emergency funding from the UK Government last year, told the City that "the domestic UK banks are technically insolvent on a fully marked-to-market basis".

The OP might well have acted troll-ish in past threads but there's absolutely no reason to call him a troll on the merits of his post on here alone.

The UK is indeed in for a massive shock.

 

[JHatman]

Recession declared official.

Was a featured report on GMTV earlier this morning

 

[TMoose]

Woah, blast from the past... at first I thought this thread was some old one resurrected, but it's really the tibmeister...