The Government Is Running Out Of Money

Eric Edmond Bsc (Edin) DPhil (Oxon) discusses how the Government is running out of money.
His experience stretches from 72-73 in the Dept. of the Envirnonment, from 74-96 Liverpool University Maths Dept., and 98-02 as a Bank of England Markets Mathematician. New iTunes video podcast at: http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=362958861

Category:

News & Politics

Tags:

• VAT
• Fuel
• Petrol
• Spending
• Future
• Debt
• Social Security
• Health
• Retired
• Jobs
• British
• UK
• Credit Crunch
• Bail Out
• Economic
• Pound
• UKIP
• EU
• Interest
• Rate
• Business
• Recession
• Downturn
• European
• Union
• Money
• Banks
• Banking
• Bankers
• Financial
• Exchange
• Benefits
• Housing
• Civil Unrest
• Nationalise
• Rescue
• Plan
• Guarantee
• Scheme
• Taxpayers

[Independence4Britain]

It's obvious that neither Gordon Brown nor anyone in his cabinet has a GCSE in history. If any of them did, they'd know that overprinting banknotes will only lead to political and economic disaster.

[Danster82]

why dont you take it a step back and question who the hell governments are borrowing money from?

It should be obvious to even the mass's now that a private banking system has the monopoly and control of money. Stop acting like this is a normal situation it is not. The bottom line is the whole world is in debt to some elusive entity.

The private control of the credit system and the fiat money fractional reserve banking has to be changed. All else is just rearranging deckchairs on the Titanic.

[Travellingman1000]

This would never have happened, if Maggie Thatcher had never deregulated the Financial Model and allowed the private sector to become in control here during the 1980s...Although the 1979 Conservative, Political - Economic Manifesto is / was a brilliant document, the Conservative Party encouraged ALL SORTS of problems, money and social hell on the streets and within the family, as a result of this. Its just a real pity that "Trickle Down Economics" never worked for the benefit of people.

[wayland063]

we need to reduce the size of government full stop, its like any expanding empire its doomed to failure! we dont even have to riot, just vote UKIP or any other third party, just not lab or tory, it would rock the world and other countries would follow, the U.S. has Ron Paul, listen to his manifesto.

This style of government is outdated and close to orwellian, it really can be different but only the people can decide the future, is it really too scary to want to leave a neartotaliterian state.

[mijadedios]

Great video! thanks for sharing the truth of what is going on. It's a shame that people will riot and go crazy during this time.I pray that any Christians out there would be in prayer and remember Matthew 6:19-21. God bless you and keep you.

[davidfabbott]

Welfare entitlements are what attract the world to the shores of our overcrowded island homeland, and we can't afford the financial cost, or the social costs either. But let us not forget the 50 billion a year membership fee for the EU. Repealing the 1972 European Communities Act could be done in a morning and we'd be free and much richer.

[webwizut]

All very true. The only thing I would add is that GB is stoking up future inflation by pumping money into the economy. Paradixically, inflation as measured by the increase in the RPI will fall over the coming months, but the weight of all this extra money will cause inflation eventually. It would theoretically be possible to avoid or ameliorate the recession by inreasing the money supply at this stage and then reducing it as we come out of recession, but no government in history has managed it.