http://www.bbc.co.uk/news/world-europe-19004353

US govt spending has DOUBLED from 3 trillion in 2000 to 6 trillion in 2010. Think of it- enough money to fund another entire year 2000 US nation.
So of course there are going to be asset bubbles, inflation, massive debt, etc.to this they are adding easy credit and loose monetary policy. What a joke!
The problem is not lack of currency, we are flooding in currency. The problem is nobody wants to turn the currency spigot off because when they do the depreciation hangover is going to be brutal. The only thing worse than turning the spigot off now is to turn it off later, because the basic dynamic is still there- ageing population, plunging birthrate, massive debt, and a lack of marks to stick the bill onto.

If you want to understand why the UK is mired with a massive underclass and has failed consistently since 1945 to invest and capitalize on inventions and innovate (jet engines, computers, North Sea oil squandered) then this about sums up the dominant political force in this time:

http://www.telegraph.co.uk/news/politics/9530583/PIC-AND-PUBLISH-Toires-champion-the-wealth-creators.html

We'll casualize the work force, deregulate i.e. get rid of health & safety, encourage the mega rich to not pay tax and watch in glee as the trickle down effect delivers us to that green and pleasant land.

The access to higher education was a massive positive change, for awhile at least. By the late 80s and 90s it was just another way of massaging the unemployment figures and now having a degree from all but the elite universities and a number of hard disciplines i.e. engineering and science counts for very little in terms of increased prospects and earning capacity.

Some of the unemployment figures in several UK cities are interesting too 25-30% of households with no one earning.

Its clear in the shuffle its the hard right wing of the Tories in charge now, Cameron's final attempt to hang on to power, before the blundering baffoon that is Boris removes him a coup before the next election.

Anyone notice how Cameron is getting more portly and his jowles are enlarging, methinks he's hitting the booze. Still, I quite fancy his missus.

Maybe the decline of the nation state contributed  - especially so with biddable politicians available to implement globalist policies.

You do not find the French outsourcing much. They had to invent 'nearshoring' to take the curse off the idea. They still moan about work going to Poland and Morocco.

You would never find a country like Switzerland or Germany allowing an American company to take over its largest chocolate and confectionery manufacturer.

Last edited by Kingston1an (2012-09-09 05:30:24)

You just put red tape and other barriers in the way. French have been doing that for years.

Business as usual:

http://www.bbc.co.uk/news/business-20858164

Gents, I have recently engaged the services of that spiv class known as Financial Advisers and they have recommended me to lump all my money and make regular saving investments through a company called Skandia International Managed Saving Account based in the Isle of Mann.

Does anyone have any experience of this company?

Looking at the brochure there are clear risks and seems to be like a mortgage, in that you have to pay an agreed amount over a set period of years and you pay penalties is you decide you need your money, or miss payments. This seems just like another mortgage in fact, who wants that around their neck?

Any advice will be greatly appreciated.

Cheers.

Stay with diversified index funds.  Fire your adviser.