And now the bad news - the £ has dropped against the US Dollar

[swimfeeders]

Hi

h
hi

Here we are.

The views of others, put into practice.

I have kept on about the bleedin obvious, what we think does not matter, it is what others think that matters and it matters big time, it affects every single aspect of our economy.

The International Money Markets have spoken. the £ has dropped against the US Dollar.

Gas and Oil are priced in US $, so filling up our cars or turning on our lights is costing us 40% more just on that alone.

Tat same fall is also costing us the same increase in financing our borrowings.

This has not as yet caught up with us, it is going too, in 13 weeks time, the next round of caps and before then the Bank of England Base Rates.#

#This is exactly like the last days of theRoman Empire, arguing amongst ourselves instead of fixing the problem.

We are our own worst enemies

[Donkeyman]

I sgree its bad swimmy, but if you look at the debt to GDP ratios of the
following nations its not quite so bad ?
For instance USA was at 127% in 2021 !!!
Uk was at 85% in2019
France was at 98% in. 2019
Germany was at. 59% also in 2019
I would argue that USA is in a far worse situation than us ?
France is also worse than ,us and it has the supposed advantage of being
a founder member of the EU, and as such has prefered nation status
within that organisation! So what is wrong there ??
Obviously these figures will have changed now due to recent events!
Only for the worse though for all those nations mentioned above ??

[swimfeeders]

Hi

It would appear so wouldn’t it?

Who you owe the money to is just as vital, possibly more so.#

Owe it to your own banks and it doesn’t matter, it just goes round and round in circles.

We don’t, we owe it to others who are in it simply for profit.

[Donkeyman]

@swimfeeders , l dispute the goes round and round hypothesis swimmy,
Most of it ends up in the virgin islands or monaco !!
The rich are robbing the poor now days with government assistance !!