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Reply to: This will be the UK in a few years
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Previously on "This will be the UK in a few years"
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UK will go first as it has nothing to fall back on - no manufacturing, no resources...nothing. Except maybe IT but that is only kept afloat by cheap imported labour.
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All fooked. America will pop later as they hold the reserve currency.
Japan to go pop soon. UK depends if we fall on Europe to bail us out in exchange for capitulating to complete control, which will buy us some time.
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This will be the UK in a few years
http://www.telegraph.co.uk/finance/c...t-America.html
Basically an old dead economy overtaken by cheaper, younger rivals that are not saddled with maintaining a std of living that is no longer viable and a social policy of spend spend spend for little return.
Doomed!Tags: None
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