Comments on: Can you solve a borrowing crisis by borrowing more?

By: kevin

kevin — Wed, 07 Jan 2009 13:07:54 +0000

When are we going to have a General Election and let the people decide remember the voters will decide if labour is fit to remain in government or not what is LABOUR going to cut is labour going to cut jobs is labour going to cut dept repayments is labour going to cut cutting taxes why are they allowed to get the country in the mess its in and how long they gonna to cut our waiting times for a new GOVERNMENT LABOUR signing away all our powers whats so great about great britain now LABOUR IS CLEARLY NOT WORKING IT HAS NEVER WORKED IN ITS LIFE AND MOUNTING DEPT PROVES IT AND BUSINESS FAILURES UNDER LABOUR HAS INCREASED

By: Adrian Peirson

Adrian Peirson — Tue, 06 Jan 2009 20:09:36 +0000

Why Borrow at all, if we had Just Printed exactly the same amount and we had borrowed over the Past decades there would be no debt nor interest to pay back and our children would not be enslaved to the tune of £1Trillion.
this was of course always the Intention all along with the Money system, to enslave Humanity to the Real
Govt in the Western world, the Military Industrial complex, owned by the Bankers.

For undeniable proof of this, just look at where we are now and see who is holding the real wealth of the world in their hands.

And look who is going to make a killing as values fall so they can step in once again and consolidate further by buying everything up at rock bottom prices.

All deliberately engineered,

A hostile takeover of a country or indeed the Entire Globe does not have to involve troops.

Though if course if some countries refuse to allow Private Banks to take over, they can of acourse be forced to through Military means by simply placing them on the axis of evil list.

Iran, Syria, Venezuela, Nth Korea, Iraq, oh wait we just did that one.

By: Sarah H

Sarah H — Mon, 05 Jan 2009 20:33:50 +0000

You and the American Economist, Irwin S, explain things so eloquently. I just don’t understand why our Interviewers and Press don’t grasp the situation better.

…

I cannot remember such companies as Wedgewood and Royal Worcester going into administration back in the early 90′s. Very sad situation.

By: Simon

Simon — Mon, 05 Jan 2009 19:35:05 +0000

This is the best analysis of the credit crunch I’ve seen so far

By: Sava Zxivanovich

Sava Zxivanovich — Mon, 05 Jan 2009 18:14:40 +0000

Cuts in public spending is the solution! But not £4.1 billions, it has to be much bigger!

As for the message for the World – if the UK increases military budget even under present dire economic circumstance, a lot of people will wonder why. And their economies are in a much better state.

By: mikestallard

mikestallard — Mon, 05 Jan 2009 17:56:44 +0000

When I was a boy, (1950s), the world was full of “little men”.
There were porters on stations. My school was full of “Boots” and “Hards” and “Sergeant Majors”. There were shops for retired policemen on every street. There were hairdressers where you could listen to the latest gossip about football. Then there were pubs where you go and buy drinks at prices which did not need a mortgage to afford the beer. There were little men to arrange electricity, plumbing and the like. Our windows were cleaned without effort and regularly. Priests (my Dad) went around visiting the sick and needy and doing what they could for them. Doctors knew and loved their patients. Also, if you needed anything special like, say, mutton or venison, there were little men who could fix that too.
These people understood the needs of people and met them.
Do you know what? If I were now young I wold reckon that now was the ideal time to make a lot of money.
People still have needs which are not being met. Several things are seriously undervalued on the stock market too.
Meanwhile, our troops are seriously understaffed and ill equipped. Our teachers are pretty well all off sick (:-). Nurses are pretty well unobtainable.
There is buckets to do. We need to free ourselves up to meet these challenges, not prop up a failing government in a failing system.

By: Alcuin

Alcuin — Mon, 05 Jan 2009 17:25:15 +0000

I am reminded of a phenomenon in aviation known as a pilot induced oscillation. Perhaps a simpler analogy is the pedestrian bridge on the Thames that wobbled due to the reaction of people trying to maintain their balance on it.

The solution to both is to stop what your doing and let the system stabilise itself. Aircraft that pilots have ejected from have been known to level out once the pilot stopped pumping the stick. This is a bit like a yachtsman caught in a squall – let fly the sheets and steer into the wind.

But Brown is now trapped in his own rhetoric – he has accused the Tories of “doing nothing”, while he is all activity and bluster, so cannot “do nothing”, even when it be the right thing to do.

By: Mark J

Mark J — Mon, 05 Jan 2009 16:50:24 +0000

We need David Cameron in power now! Gordon Brown will not be happy until he has destroyed the UK and saddled it with a debt so huge it will take many decades to repay.

By: Mark Wadsworth

Mark Wadsworth — Mon, 05 Jan 2009 15:48:01 +0000

Yes, there is that as wel, but the net exposure is tens rather than hundreds of billions.

By: Lola

Lola — Mon, 05 Jan 2009 15:47:25 +0000

Mr Redwood, the sense you talk is irrefuteable, so why aren’t you wheeled out on meeja more often? Oh sorry…