Economy in a Nutshell

The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.

~ Ayn Rand

can't argue with that

They will also wake up to foreign ownership of the countries assets.

Even here in Canada it is alarming on how many companies are being bought up by foreign countries. Especially China.

Its the same here Mic, all the profits going overseas.

BTW, I heard on the news that Britain could be sliding into a depression which would cause a depression; ofcourse that would have nothing to do with the global cartels would it.

All the British production was sold off years ago. Anything or anyone that produced saleable goods was closed down when Thatcher sold off whatever was productive. Since then, Britain has bought everything it used to produce here from overseas.Crazy huh?

We've been in a recession for 3 or more years now and there's no sign of recovery yet.