Unexpectedly – The UK economy has shrunk by a shock 0.7pc in the second quarter…
16 Replies to “It’s Probably Nothing”
Shrinking economy is the natural side effect of economic contraction as government sucks all available assets out of the economy to service a compounding debt.
Predatory taxation, inflation, low productivity – the three horsemen of Keynesian economic policy.
“UK GDP hasn’t been above 0.5% “growth” since the third quarter of 2007… this isn’t a “double-dip recession” as is presently being reported, it is an ongoing economic depression that began in 2007 at the latest, and quite possibly as far back as 2001.”
Source: http://voxday.blogspot.ca/2012/07/uk-in-depression.html
The article suggests that less “austerity” will cause growth. As far as I understand, government spending ios not actually decreasing in the UK; if that’s austerity?
The government is wasting billions on green stuff, and pushing up energy costs and food prices at the same time sucking up all the available capital to fund its debt that it increases recklessly.
Governments cannot create economies, they can only destroy them.
I see Occam beat me to the point. We even used the same terminology.
BTW The fourth horseman is debt.
I wonder how many are sitting there all proud of getting rid of that dumb old neocon Maggy Thatcher… serves them right, they created their own mess.
Next up . . . Ontario.
Thanks a lot Dulton.
Between going green and going paranoid by installing thousands of cameras all over Britain, the piggy bank went empty a long time ago. The nanny state is so entrenched that there are more drones than workers, all telling everyone else how to live their daily lives and government in it’s various forms and levels is the largest employer (sounds Familiar). Faithfully following Agenda 21 has put them on the same path as Greece which is now circling the bowl. http://www.un.org/esa/earthsummit/grec-cp.htm
The cost of the Olympics should be enough to nudge them over the cliff as it was for Greece. The sun has definately set on the british Empire and the Muslim star is rising. Like France, their immigration policies have led them down a dead end road and the political elite does not know how to reverse it or even where the brakes are. So many lessons and so few people willing to learn from them. World government is so much easier to implement when a country is on its knees. Now if only those damned Germans would surrender, the UN would have it made.
The USA “shock” numbers are coming soon to a newscast near you. They’re clearly in a recession as well. The double dip “O”-conomy plunge is coming down the pipe.
peterj, well said once again.
This is about as ‘unexpected’ as the Muslim Brotherhood’s showing in the Egyptian elections.
The way Cristy Clark is acting, soon BC will join the club.
Quite right, Mark. Contributing to the mess, Britain’s growth has barely been over one per cent for about half the quarters in the past 12 years. Britain’s economic sickness goes back a lot further than just tanking in 2007.
Nothing a bit more socialism won’t cure…
And,
Fred at July 25, 2012 2:29 PM
Yup. Tailgating Quebec.
Shrinking economy is the natural side effect of economic contraction as government sucks all available assets out of the economy to service a compounding debt.
Predatory taxation, inflation, low productivity – the three horsemen of Keynesian economic policy.
“UK GDP hasn’t been above 0.5% “growth” since the third quarter of 2007… this isn’t a “double-dip recession” as is presently being reported, it is an ongoing economic depression that began in 2007 at the latest, and quite possibly as far back as 2001.”
Source: http://voxday.blogspot.ca/2012/07/uk-in-depression.html
The article suggests that less “austerity” will cause growth. As far as I understand, government spending ios not actually decreasing in the UK; if that’s austerity?
The government is wasting billions on green stuff, and pushing up energy costs and food prices at the same time sucking up all the available capital to fund its debt that it increases recklessly.
Governments cannot create economies, they can only destroy them.
I see Occam beat me to the point. We even used the same terminology.
BTW The fourth horseman is debt.
I wonder how many are sitting there all proud of getting rid of that dumb old neocon Maggy Thatcher… serves them right, they created their own mess.
Next up . . . Ontario.
Thanks a lot Dulton.
Between going green and going paranoid by installing thousands of cameras all over Britain, the piggy bank went empty a long time ago. The nanny state is so entrenched that there are more drones than workers, all telling everyone else how to live their daily lives and government in it’s various forms and levels is the largest employer (sounds Familiar). Faithfully following Agenda 21 has put them on the same path as Greece which is now circling the bowl.
http://www.un.org/esa/earthsummit/grec-cp.htm
The cost of the Olympics should be enough to nudge them over the cliff as it was for Greece. The sun has definately set on the british Empire and the Muslim star is rising. Like France, their immigration policies have led them down a dead end road and the political elite does not know how to reverse it or even where the brakes are. So many lessons and so few people willing to learn from them. World government is so much easier to implement when a country is on its knees. Now if only those damned Germans would surrender, the UN would have it made.
The USA “shock” numbers are coming soon to a newscast near you. They’re clearly in a recession as well. The double dip “O”-conomy plunge is coming down the pipe.
peterj, well said once again.
This is about as ‘unexpected’ as the Muslim Brotherhood’s showing in the Egyptian elections.
The way Cristy Clark is acting, soon BC will join the club.
Quite right, Mark. Contributing to the mess, Britain’s growth has barely been over one per cent for about half the quarters in the past 12 years. Britain’s economic sickness goes back a lot further than just tanking in 2007.
Nothing a bit more socialism won’t cure…
And,
Fred at July 25, 2012 2:29 PM
Yup. Tailgating Quebec.
Sort of related: Canada’s housing bubble is popping; set to see housing prices correct by 25%. http://business.financialpost.com/2012/07/25/canadian-housing-looks-to-be-in-soft-landing-but-actually-heading-for-25-crash-capital-economics/
Spoken by the elevator operator, in a bygone era and commonly heard in crowded elevators.
“Going down?”