ConDems will solve the deficit

[DimPrawn]

Too much of current spending is financed by debt, so you can't just put on hold a few big projects and stop borrowing.

Maybe this sort of tulip can be done in a euro zone because currency won't be devalued much, but given that UK is on its own with sterling it simply does not have this option. They'd rather print money than default - which is precisely what happens now.

And you think owning gold is worse than holding sterling?

[sasguru]

You just need to work out a way of not borrowing any more. - i.e. deal with the deficit, which will be lower once interest payments are removed.

Isn't the only way not to pay for what you can't afford i.e. live within your means?
And accept that the country is not as rich as it thinks.

[Churchill]

And you think owning gold is worse than holding sterling?

How the **** would you know? You're just a clueless bulltulip merchant.

[DimPrawn]

How the **** would you know? You're just a clueless bulltulip merchant.

No, you are just a bitter loser in a poorly paid job who can't think or see the future as it is unfolding.

[AtW]

No, you are just a bitter loser in a poorly paid job who can't think or see the future as it is unfolding.

Ignorance is a bliss.

[AtW]

And you think owning gold is worse than holding sterling?

Yes.

[Churchill]

No, you are just a bitter loser in a poorly paid job who can't think or see the future as it is unfolding.

And you Sir, haven't a clue. Good luck.

[AtW]

And you Sir, haven't a clue. Good luck.

Fortune favours prepared minds... no wonder CUK is full of sore losers

[DimPrawn]

Just in

Chinese rating agency downgrades UK debt - Telegraph

[DimPrawn]

Just happened

Yes.

Gold in Pounds hits new record high | 24 May 2011 | www.commodityonline.com | 3