$1.48 to the £ today....this is getting ridiculous
Jan 24th 2012, 9:27 pm
#271
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: $1.48 to the £ today....this is getting ridiculous
Meh
The world will end on 12.12.12
The world will end on 12.12.12
Jan 24th 2012, 9:32 pm
#272
Not allowed opinions.
Joined: Dec 2009
Location: Sydney
Posts: 4,565
Re: $1.48 to the £ today....this is getting ridiculous
this is not looking good . . . 
UK debt passes £1 trillion for the first time
UK public debt -- excluding financial interventions, such as bank bail-outs -- has passed the £1 trillion mark for the first time, as the Government borrowed nearly £14bn last month despite its continued austerity drive.
http://www.telegraph.co.uk/finance/e...irst-time.html
UK debt passes £1 trillion for the first time
UK public debt -- excluding financial interventions, such as bank bail-outs -- has passed the £1 trillion mark for the first time, as the Government borrowed nearly £14bn last month despite its continued austerity drive.
http://www.telegraph.co.uk/finance/e...irst-time.html
Try something balanced, like the Guardian:
http://www.guardian.co.uk/business/2...-debt-trillion
Oohhh dear........
Ok, what about the Financial Times?
http://www.ft.com/intl/cms/s/0/5a787...#axzz1kPxw079I
Oooooh bugger..
Itsnt anyone reporting the truth here?
What about the Basingstoke weekly Express?
Last edited by slapphead_otool; Jan 24th 2012 at 9:36 pm.
Jan 24th 2012, 9:38 pm
#274
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.48 to the £ today....this is getting ridiculous
Mmm, I cant decide.
Jan 24th 2012, 10:20 pm
#275
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: $1.48 to the £ today....this is getting ridiculous
Jan 24th 2012, 10:25 pm
#276
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: $1.48 to the £ today....this is getting ridiculous
Or how about this :
http://www.youtube.com/watch?v=WlBiLNN1NhQ
http://www.youtube.com/watch?v=WlBiLNN1NhQ
Last edited by commonwealth; Jan 24th 2012 at 10:29 pm.
Jan 24th 2012, 10:33 pm
#277
Not allowed opinions.
Joined: Dec 2009
Location: Sydney
Posts: 4,565
Re: $1.48 to the £ today....this is getting ridiculous
George Soros isn't full of good news about the situation:
http://rt.com/usa/news/george-soros-class-war-619/
"I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Soros goes on to compare the current state of the western world with what the Soviet Union was facing as communism crumbled. Although he would think that history would have taught the globe a thing or two about noticing trends, Soros says that, despite past events providing a perfect example of what is to come, the end of an empire seems imminent.
“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” adds Soros.
Last edited by slapphead_otool; Jan 24th 2012 at 10:35 pm.
Jan 24th 2012, 10:36 pm
#278
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: $1.48 to the £ today....this is getting ridiculous
Mmm, I cant decide.
http://i939.photobucket.com/albums/a...half-full1.jpg
http://i939.photobucket.com/albums/a...half-full1.jpg
The glass is neither half full nor half empty, it is merely holding 50% of its prescribed maximum capacity...
S
Jan 24th 2012, 10:45 pm
#279
Banned
Joined: Apr 2011
Posts: 280
Re: $1.48 to the £ today....this is getting ridiculous
"The ordeal of belt-tightening will be grim, dragging out for a generation if Japan is any guide. The Japanese at least began their post-bubble debacle as the world’s top creditor nation with a trade super-surplus and a savings rate of 17pc. Britain has no such buffers."
Jan 24th 2012, 10:58 pm
#280
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: $1.48 to the £ today....this is getting ridiculous
It's amazing how some people love to complain about the expensive bananas, the martian Brisbane weather and landscape like a grunting Sharapova whilst blissfully looking at the bright side when confronted with a $1.5 Trillion mountain of Debt (excluding the bank bailouts).
They need to wash the shit out of the system before we press the "reset" button and start again.
Jan 24th 2012, 11:11 pm
#281
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.48 to the £ today....this is getting ridiculous
I'm not sure anyone is doing that, I havent seen it anyway. I think everyone is fully aware that the global economy is in for a very hard time in coming years. I am certainly returning to the UK with my eyes wide open but just because I dont buy into the 'UK is ****ed' mentality doesn't mean I am ignoring it. I cant of course speak for others though 
It's amazing how some people love to complain about the expensive bananas, the martian Brisbane weather and landscape like a grunting Sharapova whilst blissfully looking at the bright side when confronted with a $1.5 Trillion mountain of Debt (excluding the bank bailouts).
You aren't an economist are you ?
Jan 25th 2012, 1:46 am
#283
BE Forum Addict
Joined: Dec 2008
Posts: 3,396
Re: $1.48 to the £ today....this is getting ridiculous
George Soros isn't full of good news about the situation:
http://rt.com/usa/news/george-soros-class-war-619/
"I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Soros goes on to compare the current state of the western world with what the Soviet Union was facing as communism crumbled. Although he would think that history would have taught the globe a thing or two about noticing trends, Soros says that, despite past events providing a perfect example of what is to come, the end of an empire seems imminent.
“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” adds Soros.
http://rt.com/usa/news/george-soros-class-war-619/
"I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”
Soros goes on to compare the current state of the western world with what the Soviet Union was facing as communism crumbled. Although he would think that history would have taught the globe a thing or two about noticing trends, Soros says that, despite past events providing a perfect example of what is to come, the end of an empire seems imminent.
“The collapse of the Soviet system was a pretty extraordinary event, and we are currently experiencing something similar in the developed world, without fully realizing what’s happening,” adds Soros.
Jan 25th 2012, 1:48 am
#284
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.48 to the £ today....this is getting ridiculous
It's all just opinions at the end of the day, some opinions fit an individuals agenda but life is too short to worry to be honest.
In that article, Soros (an investor who was convicted for insider trading) also had a balancing comment - "In the crisis period, the impossible becomes possible. The European Union could regain its luster. I’m hopeful that the United States, as a political entity, will pass a very severe test and actually strengthen the institution".
Jan 25th 2012, 3:34 am
#285
BE Forum Addict
Joined: Dec 2008
Posts: 3,396
Re: $1.48 to the £ today....this is getting ridiculous
In that article, Soros (an investor who was convicted for insider trading) also had a balancing comment - "In the crisis period, the impossible becomes possible. The European Union could regain its luster. I’m hopeful that the United States, as a political entity, will pass a very severe test and actually strengthen the institution".
But it can't really be ignored that he was convicted of insider training, and also made a ton of money when the Pound collapsed when leaving the ERM (short selling $10bn in Pounds just before it happened apparently) - his comments may indicate where his next money making venture is, and perhaps even give influence for this to happen?