'Run on UK' sees foreign investors pull $1 trillion out of the City

03/07/09

[familyop]

...very hard times in Britain through both world wars. There were food shortages.

[razorback-bert]

with liabilities four times GDP

Was nobody looking at the balance sheet?

And the money kept rolling in from every side
When the money keeps rolling in, you don't ask how
Think of all the people guaranteed a good time now

[Leisler]

All over the world, the thing called ‘money’ is nothing but wood pulp and cotton waste. Trash with pretty pictures.

Naturally when the main churner, manipulator, chiseler, fraud and fake are governments, others follow along.

[jwpjr]

I was in junior high school in 1955. In the schools here in Florida one of the required courses for those grade levels was the one that extolled the virtues of capitalism and our way of government when compared to the others, particularly communism. It's easy, 55 years later, to gloss over that requirement, and the courses, as a Pollyanna approach to life. But as I recall, my ninth grade course was name POD, Problems of Democracy! We were told that our way of life was not without its shortcomings and pitfalls, but compared to everything else out there it was the best.

We are coming off of 20 plus years, actually nearer 30 years, of school teaching that our way of life is no better than any other, just different. BS. It's superior, as proved by hundreds of years of comparison to other ways of life.

Until we find a way to immerse our young ones in the realization that America is the greatest nation in the history of the world, and that cures for its problems don't come from countries who've tried and failed with the other ways, we're doomed to our slide down the slippery slope.

[marshmallow]

Like Iceland, the UK has an unusually large banking sector in relation to her national income, with liabilities four times GDP. Should the UK taxpayer have to assume these debts it will represent, in relation to GDP, about double the national debt the nation bore at the end of the Second World War, a near unsustainable burden.

Iceland was the canary in the mineshaft.

Ireland and Britain are about to choke on the same poison.

[marshmallow]

.....very hard times in Britain through both world wars. There were food shortages.

Essentials like butter, meat and bread were rationed in Britain for many years as a result of WWII. It didn't end until the mid-fifties. Around '54 if memory serves.

All told they had about 14 years of rationing.

[Ernest_at_the_Beach]

Thanks for the book info;

This thread may explain ...why this is happening....FR Thread:

World's biggest banks to meet in London: report

I collected a number of links on the thread...for those that like to try and understand what the hell is going on....and how long the bankers knew they might have a problem.

[Ernest_at_the_Beach]

It's getting pretty crowded up there!

Virgins for all.....ROFL!!!!

[Ernest_at_the_Beach]

From the threads I linked above:

Posted this earlier last night:

BIS Quarterly Review, December 2008 ( Global Financial Information )

[GOPJ]

This is bad news...

[Ernest_at_the_Beach]

FR Thread:

Chavez calls on Obama to follow the path of socialism. UPDATE

*********************EXCERPT* INTRO**********************

Caracas - Venezuelan President Hugo Chavez on Friday called upon US President Barack Obama to follow the path to socialism, which he termed as the “only” way out of the global recession.

[Ernest_at_the_Beach]

fyi

[AuntB]

“The best thing China can do is make incentives for coastal immigrant laborers to go back to the farm for a while.”

Several countries could do that, like Mexico, and be better for it.

China does have the right idea about one thing. I heard yesterday that they are lowering business taxes.

[GOPJ]

Paranoia that the UK could follow Iceland into effective national insolvency and jibes about "Reykjavik on Thames" will find an unwelcome substantiation in these statistics – which also show that stricken British banks are having to repatriate similar sums back to Britain.

It was classy of Obama to give the Brits the finger during one of their darkest hours... Maybe they'll return the favor two years down the road when we follow Iceland...

[GOPJ]

Paranoia that the UK could follow Iceland into effective national insolvency and jibes about "Reykjavik on Thames" will find an unwelcome substantiation in these statistics – which also show that stricken British banks are having to repatriate similar sums back to Britain.

It was classy of Obama to give the Brits the finger during one of their darkest hours... Maybe they'll return the favor two years down the road when we follow Iceland...

[AmericanVictory]

So, City, how’s the old conversion to Sharia compliant banking working out?

[LucyT]

for those that like to try and understand what the hell is going on....and how long the bankers knew they might have a problem.

Check out other posts on this thread by Ernest_at_the_Beach, too. This affects all of us.

New tagline; you suppose it's too inflammatory?

[null and void]

New tagline; you suppose it's too inflammatory?

Ammo. You forgot ammo.

[Ernest_at_the_Beach]

Time to start the ole standby....The Victory Garden!!

Wonder what happened to that series???

I use to watch it regularly!

[null and void]

I'm trying to get up the gumption to read "The Vampire Economy - doing business under fascism"

I have a feeling we'll all need to know about this soon.