UK’s Future Bleak, Says Biz Guru
US investment guru Jim Rogers, who earlier in the week said sterling is finished, has told Sky News the financial system is a disaster and the future looks bleak because the UK does not have much to sell any more.
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F#ck Sky News, Murdoch-Zionist propaganda station. “Oh I didn’t mean to distort you” Yeah right you disgusting propagandist. Jim Rogers is just tellling it as it is, and I’m English!
Decoupling rules. Everybody is gonna suffer but at long term, when the US dollar loses the statu quo as 1st world reserve currency, the rest of the world will do much better
Spent 3 weeks in France about 3yrs. back. We took the Eurostar & arriving in London for 3days was like being splashed with a bucket of cold water. I do like the UK and Brits, but after spending 3wks in France among the very courteous, & helpful French (mind-they like Cdns) & enjoying thr rich culture & good food, I was struck at how rude, off-hand & generally lacking in common courtesy the Brits have become. A big change from my 1st visit a few yrs back. What happened? The food was awful also.
A method of discussing a subject which involves being as provocative as possible invites a response. If your definition of culture means covering anything edible with custard, dumping Ryanair loads of binge drinkers on the ancient capitals of eastern Europe, or men wearing bells jumping around waving hankies, uh, no thanks. In any case having an ancient culture doesn’t seem to have given these old societies a firmer grasp of or a leg up on, common sense & wisdom, witness the UK economy.
I agree that your hatred, or as you say wariness of the French is not ethical. As for learning lessons, here’s a lesson you should learn from our tight fisted Scots bankers. (I guess all the good ones emigrated to Canada during the enclosures) Don’t buy bad paper from the Americans. Oh, and our seals are in a state of overpopulation. Where are your seals, bears, wild boars, wolves etc. etc etc…Oh, that’s right you reduced them to extinction centuries ago. My god, even beavers!
Dr! lmfao… your ignorance of the facts shows you up. Check you facts! I have to laugh when I read stuff from the new world colonies commenting on the motherland, the place from where you got the little culture you base you life on. We have learnt lessons that you have still to learn. I am not aware of any FOOTBALL (not soccer.. dope!) fans pounding fans from Clacton on sea? strange comment?? better that clubbing seals? eh? I am wary of the french! as you should be, not ethical hatred,
My god man, American just elected a black president. What do we hear from you Euros? A constant stream of ethnic hatred which has benighted that continent for thousands of years. They strange thing is that you think your hatred of the French, Italians, Lichensteinians etc… is what differentiates you from each other. In fact its what you all have in common. Hell, soccer fans from Leeds pound soccer fans from Clacton on Sea. You’re like the family of drunks that lives next door.
And don’t forget the Peak oilers like John Howard Kunstler and Matt Simmons.
Preach brother preach. I never thought I would be grateful for the tight fisted Scots that run our banks. In addition, the balanced budget mentality has actually entered the political consciousness. A survey a couple of years ago (those were the days!) asked what we should do with the current government surplus. The answer, inexplicably enough, was “pay down the national debt.” Talk about a challenge to ones misanthropy and pessimism.
Canadians think they own the world? Where do get your cultural insights? We think we’re a insignificant country. You Brits on the other hand (like the French) still think you have great empires. And Fashion, I said we have no fashion sense! I also said nobody cares. As for the Quebecois French, they are our brothers and sisters who have fought and bleed beside us in every conflict we have ever been in. When will you Euros every get over your ethnic hatreds and think of the future.
I agree that thr will be a lot of pain, but Canada in a completely different position than either the US or UK. More than a decade of surpluses & debt reduction, our debt service ratio went fr around 70%, now round 30%. No toxic mtgs & our banks never tried to suplement thr balance sheets w/ derivatives. Our banks r sound. No credit to us but we sit on worlds largest supply of Uranium, potash. Also timber, grains. We deal w/ the world, not just US. World demand is still growing.
Dr, the raw materials you have do help you, a gift from the Brits “Eh?” I love it when the guys from the Colonies try to talk sense, like little kids becoming teens and thinking they own the world. They still lack experience and culture, finding their feet in the wilderness. And fashion? Canada? oh dear… no comment… Canada has only given one thing of worth to the world.. RUSH! and you still allow the French to dictate to you! LMFAO
Well.the USa has masive shale deposits…but..it take many years to get them developed…anyway, what I was refering to was manufacturing business…and trade wth the USA……it’s gonna hurt if the USA goes under…trust me
Wrinkles old boy, why are you including the Northern Wastes along with Britain and the good ol’ USA. We in Canada have two trillion barrels of oil mixed with sand, huge agricultural exports, massive amounts of uranium etc, etc, etc. We are perfectly positioned for the rebound of China and India and the rest of the world’s domestic consumption. If your watching Jim Rogers you know he’s bullish on commodities. A note to Mr. Iancoley, those lumberjack shirts aren’t just a fashion accessory.
I agree with your perspective Clichy. You have to be realistic and not be blinded by your patriotism. While we are on the subject of motor vehicles I’m reminded of Harley Davidson. I always said if I worked there I would put all my money in the bank (or gold, ha ha) because they are a fashion accessory for the upper middle class. One economic downturn and those overpriced rattling vibrating antiquated paint mixers are going in the tank.
You are right, anyone can be a simple contrarian, but when you look at the specifics Peter Schiff, John H. Kunstler etc.. used to describe the present collapse, well, its just uncanny. Point by point they nailed it. Also, I wasn’t praising the fashion sense of the average Canadian, I was insulting your snobbery over Mr. Rogers choice of neck wear. I personally, wear my ignorance of fashion as a badge of honour. (Look at that my anglo friend, Youtube thinks you can spell honour without U)
Ah, Mr. Iancoley, where to begin, firstly, I’m filled with nothing but gratitude for the gifts that remaining loyal to the British Empire has given Canada. Americans, for some reason think they vastly benefited from their revolution, I see no evidence of that. The commonwealth is not a competition, it is a mutually beneficial cooperation. Also, my comparison was between British and German cars not my Chevy piece of crap. In addition we are a small country not a superpower.
Well..you may survive…but you and the US/canada…are headed for complete financial collapse..depression…and long term pain
Noo..My brother bought a land cruiser 2 years ago..it’s been nothing but a complete disaster for him…I have 10 year old ford explorer (11 years old now) it has 148,000 miles on it…and never had a problem..the American cars have been given a bad rap becuase of the crap they put out in the 80s…look at JD Power for quality..you will see they have rated american cars among the best for the last 5 years or so…while British cars rate near the bottom
Love the UK. Was one of the greatest countries in the work. An important part of half our country’s heritage, part of my heritage, but to use the word quality & British made cars in the same paragraph is an excellent definition of an oxymoron. Expensive - yes, cachet - yes, successful branding - yes, quality - absolutely not. Economy - IMO - religion is an opinion, economy is a fact. U can’t measure god’s grace; u CAN measure the value of an economy. This is serious & will get much worse.
Dr! LMFAO again! you sit there in Canada, whose *** we saved from becoming Yanks by the way! and bemoan British made cars! NORTH AMERICAN CARS??? they are worst in world.. u get excited by petrol burning boxes! We STILL manufacture the best quailty cars in the world. TVR, MINI, Range Rover, Jaguar, Rolls Royce, Aston Martin, Lotus etc…. ALL MADE IN BRITAIN! name some Canadian makes? Might not all be owned by UK shareholders,still made here. And then you laugh at our fashion? Lumberjacks?
drmodestoesq, LMFAO, there is always someone who can stand there and predict the world is nigh, and stand and say “told you so!”… look at religion, such as the Jehovah Witnesses, they have been predicting it aswell, it does NOT prove they are experts, this guy, like any such “expert” is partially to blame for this mess! sorry Doctor! this guy is so wrong, and sadly just says what the media want to hear, we need people to do stuff, not sit there &comment! He has made millions out of the mess!
Mr. IanColey please, you have to do a slight bit of research. Mr. Rogers has been one of the most public and vociferous predictors of this crash for years. Do a simple YouTube search and you’ll see interviews Jim Rogers did years ago calling this crisis with astounding perspicacity.
Normally, I avoid ad hominem attacks but for just once I feel compelled to make an exception. You remind me of a British automobile reviewer who went on and on about how classic a high priced British car’s wooden dashboard was and how declasse a BMW’s was. All the while ignoring the mechanical superiority of German engineering and saying that British mechanical breakdowns were charming. In my experience, you can wear socks with your sandals as long as your money is good.
Britain does not make anything anymore. It has nothing to sell.
Britain has gambled two thirds of its economy on the financial sector, which is utterly stupid.
Hardly surprising though, as we Brits prefer to make quick bucks through gambling rather than actually innovate like the Germans and Japanese.
