We have gone full circle since the last recession, all the money finally reached the top of the wealth tree, only this time our wonderfull government has sold off its wealth, that was all our Gold, and as you would expect at a seriously low price,
So now the government prints more money as it has no assests to sell, and all to fill the banks with lending capitol, in an attempt to get the country moving, the problem is the banks have tightened the belts so tight there is no one worthy to lend to, its laughable because it will happen again once its all gone,
There is only one pot of money, printing more isnt the answer you only have to look at Zimbabwe, 231 million percent inflation, and the biggest contributing factor was printing more money, once the world economy gets wind that Brown and his croniues are printing it willy nilly the pound will devalue even further. but dont panic Labour will print some more.
This government couldnt run a P up in a brewery, it needs to get its priorities right,close all the loopholes, stop all the wastage, stop the massive bonus's and use the tax from the wealthy and start helping the needy, it wouldnt be a bad idea to close the border, and stop the handouts. its time to start looking after our own, we are currently being fleeced by every country going from national health to social security and there is nothing left for those that really need it.
The Queen should step in, I beleive she still has the power of vito, get rid of these morons,
Im not saying the cons or the liberals would be any better but the country needs to be run as a fine tuned business, we have some good business brains in this country, the muppets we currently have in power have more than proved there incompetence. we could do better under the raving loonies
This isnt a reccession bought about by the company onwers to get a smarter thinner workforce this is for real, depression is next those bosse's are just trying to stay afloat.
This recession was caused by greedy bankers trying to get rich on crazy lending schemes that couldnt fail long term, WRONG,
Im starting to feel the pinch now, this time last year I had 28 staff I now have 9 I have 4 months work in front of me (that was always 12) after that nothing and if something doesnt come in there will be 9 more on the dole, the 9 I have left are family and very loyal quality tradesmen who have been with me for years, its gonna hurt, but carry on as we are its inevitable.
The government should start by forcing the banks to pass on the bank of England base rate those banks that we the tax payer now own, that would create less risk for lenders and will get the house market moving again.
The government is still short by hundreds of thousands of homes, 200k were promised by 2010 they need to start now to get anywhere close to that target this will create thousands of jobs, put money in peoples pockets and open up a whole new mortgage industry, it will also take thousands of homeless of the streets with the current offordable housing legislation,
excess homes = a buyers market, that in turn makes house prices increase at a slower rate, or at worst stabilise, and that is what we need right now, fast house price rises = false economy which in turn leads to bust which we have now.
Right now we have the blind leading the blind
Rant over
Has the recession hit yet
WOW, things have changed.
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