The End of Britain

[DimPrawn]

Anyway, back to the subject in hand.

The biggest risk is the govt seizing our personal wealth. In my mind this will continue through punitive taxation, followed by seizure of pension funds in return for some vague guarentee to back them with public funds at a future date, then confiscating gold held privately and controls on movement of money in and out of the country.

This isn't going to happen overnight, but we will see this creep in over the next decade or so.

[BrilloPad]

Anyway, back to the subject in hand.

The biggest risk is the govt seizing our personal wealth. In my mind this will continue through punitive taxation, followed by seizure of pension funds in return for some vague guarentee to back them with public funds at a future date, then confiscating gold held privately and controls on movement of money in and out of the country.

This isn't going to happen overnight, but we will see this creep in over the next decade or so.

You failed to mention stealing wealth by stealth i.e. inflation.

How long until the UK adopts the American model of pumping money into the economy until unemployment falls?

[BrilloPad]

Shame on you Brillo! You know you're not the originator of that phrase yet you take credit for it. It was Xog's.
Lying unethical toe-rag.

If a total cetinous twat like you thinks badly of it I am pleased. I would be far more worried if you thought I was okay.

You are not fit to lick sick off Wilmslow's shoes.

[hyperD]

Why the rare burger may soon become endangered - Telegraph

And this is why the UK is going down the pan.

Anyone involved in this needs sacking.

Fecking outrageous... can we just simply ignore these state parasites?

Or better still, slice off their heads, marinate them in fish sauce, lime and chilli, flame grill and then place the heads on spikes pour encourager les autres?

Medium rare, of course.

[escapeUK]

Well the advertising worked a little, I picked up a copy of this weeks mag in 'Smiths. Its a very light read ie only 47 pages for £3.45, but I reasoned I could read endless pages of drivel for free on here so £3.45 for 47 pages of intelligence wasnt totally unreasonable.

[Jeff Maginty]

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[DimPrawn]

The thing is, if the government confiscated pensions, savings etc, would that not cause the house-price-crash that they have so desperately been trying to avoid, because nobody would have any money left to buy with?

No because although no one would have any money to buy a house, no one would be selling one and no one would be building any.

[OwlHoot]

The thing is, if the government confiscated pensions, savings etc, would that not cause the house-price-crash that they have so desperately been trying to avoid, because nobody would have any money left to buy with?

That's not a bad point and an example of how, once started, emergency nationalisation might have a sort of momentum, so one thing led to another never foreseen at the outset.

In that scenario, the state owned banks could simply grant loans with near zero-deposits to people whose earnings indicated they could afford the mortgage payments, or to key workers.

But then the state would soon own much of the property in all but name, with more becoming effectively nationalised over time as private sellers sold to those needing a state mortgage.

A future Government might then be tempted to start shuffling people about according to their needs, large families in larger properties and singles and pensioners in shoe boxes and smaller flats. They wouldn't have to ordain this with legislation and decrees, but it could easily bring it about with suitably structured council tax bands and exemptions. Sounds like a socialist's dream.

[Jeff Maginty]

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[Scoobos]

More QE is a worry.

A great quote from a "Real economist" http://www.quotesstar.com/quotes/l/l...ve-122228.html