'This is the worst recession for over 100 years' UK

[Pepsi]

[Pepsi]

the UK is actually more screwed than the US right now, and that's pretty fucking screwed!

[lucy]

It all depends on what is important to you and how wisely you invest what you have, maybe. I don't know what life is like right now in the UK, but...

I found this over at half-past human (George Ure), a favorite spot of mine...

" The Universe is going to provide everything you need for this class called Life, whether you like it, or not.  If you harbor feelings of scarcity and suffering, then no doubt that's what you'll call into your life.  If, on the the other hand, you have an 'abundant Universe' and 'happy dance instructor' framework, it seems you can end up with whatever you hold dear.  The Plato Allegory of the Cave is a fine metaphor, except it doesn't give much detail about how to work with those archetypes that project outward onto the cave walls in front of us.

---

Granted, that's not a straightforward answer to the "Do I take it, or do I not?" question.  But it's the best I can do.  I ain't your guru and I have no idea what kind of weaving you're doing with your own skein.  I have personally found that time spent figuring out my own dance with Universe has been very well-spent.

 

So weave what makes you happy and helps others along the way.  I think that's as good as it gets...Life's real treasures are memories and the true measure of wealth is what you're able to 'bank' in your heart and between your ears.  Paper's just a way to get there for those of us who are learning the dance."

link  http://www.urbansurvival.com/week.htm

Whatever we do, we do for a reason.

[notoc]

the UK is actually more screwed than the US right now, and that's pretty fucking screwed!

No one, either side of the Atlantic, knows exactly how screwed they are yet. The banks have so much more debt buried away from their balance books that any bail-out will do well just to cover that toxic dumping ground.

This readjustment downwards will hit everything and the only thing that will cover the true magnitude of exactly how much has been pissed-away and skimmed will be the universal devaluation of every major currency.

I thought at first that this thing would take a generation to write off the losses and reset the clock. Now, with what I'm hearing with regards to the continued lies being told by every financial institution, I think it will take far longer.

Everyone with any debt or any savings is only just starting to be screwed. Those of us with cash will enjoy a period of falling prices, then currency inflation will start to bite, then domestic inflation will take off... and it is designed to do this because without inflation property prices will never rise - but it's all just nominal increases, waiting for the next round of lending bubbles.

[notoc]

I don't know what life is like right now in the UK, but...

Almost everyone I talk to is frightened. Exactly how the government, banks and employers like it.

[lucy]

What seems to be frightening them the most, then? Falling housing prices? Cost of food? Loss of job security? Loss of value of investments? Influx of foreigners taking over their jobs? Terrorism?

Just curious/

[notoc]

What seems to be frightening them the most, then? Falling housing prices? Cost of food? Loss of job security? Loss of value of investments?

All of the above, they now realise that it makes no difference whether or not they themselves lived within their means because their banks and employers obviously weren't.

Influx of foreigners taking over their jobs?

Those damned foreigners who were doing jobs nobody else wanted to do, for 70% of the wages anyone else would consider if they were forced to do them?

Terrorism?

Wasn't it terrorism that was supposed to be the biggest threat to our way of life?

I wonder what the public outcry would be if Guantanamo was emptied of Muslims and filled with money brokers.

[lucy]

Two things I have seen recently that may add to this discussion, but I don't know the situation over there...

One, the number of HB-1 visas here for professionals coming in. These are not foreigners who are willing to work at jobs Americans don't want, but rather they come and receive jobs that young American professionals especially are in direct competition to receive. This is not right, imo. There has been a big brouhaha over top banks requesting foreigners to work in banking jobs. We have excellent banking programs in various universities whose grads cannot find jobs at the moment.

Two, the FBI is now focusing their attention to cases of fraud, especially in the financial/mortgage sectors. So, you may have a point about the bankers being behind bars. There certainly seems to be a growing number of ponzi-type operations and outright fraud. Why Madoff is not being incarcerated in a Fed camp somewhere, I do not know, but I imagine he has connections to very high places...

[notoc]

Two things I have seen recently that may add to this discussion, but I don't know the situation over there...

One, the number of HB-1 visas here for professionals coming in. These are not foreigners who are willing to work at jobs Americans don't want, but rather they come and receive jobs that young American professionals especially are in direct competition to receive.

Protectionism only works when it's a one-way street... the idea that any country can extract itself from the global economy while 100s of thousands of its own citizens are employed (or deployed) abroad isn't feasible.

This is not right, imo. There has been a big brouhaha over top banks requesting foreigners to work in banking jobs. We have excellent banking programs in various universities whose grads cannot find jobs at the moment.

Are these the grads who, for the past few years, have been educated in the art of credit default swaps? I know its not what you mean to say but it sounds a little like, "Why should immigrants be given employment when there is plenty of home grown talent perfectly capable of f#cking-up the domestic economy all by themselves?"

It is the system which is failing. The problem is within the way something is done, not the nationality of those who do it.

Two, the FBI is now focusing their attention to cases of fraud, especially in the financial/mortgage sectors. So, you may have a point about the bankers being behind bars. There certainly seems to be a growing number of ponzi-type operations and outright fraud. Why Madoff is not being incarcerated in a Fed camp somewhere, I do not know, but I imagine he has connections to very high places...

The truth of the matter; Madoff had clients in very high places who once used him to garnish 25% tax free interest on their deposits and are now using him to cover their tracks.

Madoff better come up with the right answers or he's going to be found in the woods with his wrists cut.

[lucy]

Why should immigrants be given employment when there is plenty of home grown talent perfectly capable of f#cking-up the domestic economy all by themselves?


 

too funny/

[lucy]

[Pepsi]

That last link lucy is... unbelievable!  Sick, sick, sick (the banks and the solution)

[lucy]

It's fraud.

[lucy]

[lucy]