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British Economy Is WORSE than During the Great Depression

George Washington's picture




 

Leading British newspaper the Telegraph reports today:

Ministers today admitted Britain is facing “very, very grave difficulties” after figures showed the economy did not grow at all in 2012.

 

***

 

Economists from the Royal Bank of Scotland said the last four years have produced the worst economic performance in a non post-war period since records started being collected in the 1830s.

 

***

 

It’s the worst economic performance since at least 1830, outside of post-war demobilisations,” he told The Daily Telegraph. “It’s worse than the 1920s, it’s worse than the Great Depression.”

 

He said the economy has been “heading this way for a long time” because of the scale of the problems that came to a head in the 2008 financial crash.

 

***

 

The top economist at RBS, which is mostly owned by the Government, said it is difficult to recover when much of the world is facing similar problems.

 

“It’s the scale of what happened in 2008 but also the build-up to that,” he said. “Compared with other recessions [like in the 1980s and 1990s], this is happening all over the world. There’s not a quick and easy way to export your way out of this.”

(In a separate article, the Telegraph notes that the UK is heading for an unprecedented triple dip, as its economy shrunk .3 percent in the fourth quarter of 2012).

We’ve repeatedly warned that this is worse than the Great Depression …

What Do Economic Indicators Say?

We’ve repeatedly pointed out that there are many indicators which show that the last 5 years have been worse than the Great Depression of the 1930s, including:

Mark McHugh reports:

Velocity of money is the frequency with which a unit of money is spent on new goods and services. It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling). In a healthy economy, the same dollar is collected as payment and subsequently spent many times over. In a depression, the velocity of money goes catatonic. Velocity of money is calculated by simply dividing GDP by a given money supply. This VoM chart using monetary base should end any discussion of what ”this” is and whether or not anybody should be using the word “recovery” with a straight face:

 

 British Economy Is WORSE than During the Great Depression

 

In just four short years, our “enlightened” policy-makers have slowed money velocity to depths never seen in the Great Depression.

(As we’ve previously explained, the Fed has intentionally squashed money multipliers and money velocity as a way to battle inflation. And see this)

Indeed, the number of Americans relying on government assistance to obtain basic food may be higher now that during the Great Depression. The only reason we don’t see “soup lines” like we did in the 30s is because of the massive food stamp program.

And while apologists for government and bank policy point to unemployment as being better than during the 1930s, even that claim is debatable.

What Do Economists Say?

Indeed, many economists agree that this could be worse than the Great Depression, including:

Bad Policy Has Us Stuck

We are stuck in a depression because the government has done all of the wrong things, and has failed to address the core problems.

Instead of bringing in new legs, we keep on recycling the same old re-treads who caused the problem in the first place.

For example:

  • The government is doing everything else wrong, as well. See this and this.

This isn’t an issue of left versus right … it’s corruption and bad policies which help the super-elite but are causing a depression for the vast majority of the people.

 

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Sun, 01/27/2013 - 21:24 | 3189971 news printer
news printer's picture
Peter Schiff: Coming debt crisis will make 2008 look like a Sunday school picnic

http://goo.gl/aoprM

Sun, 01/27/2013 - 20:27 | 3189824 newengland
newengland's picture

Well said, spiritual descendant of George Washington who wrote to the Temple in Rhode Island.

The Constitution and Declaration of Independence is for the ideals of the Republic - not the money grubbing ways of the self serving political class and their hangers on, the bureaucrats and Zionists.

One for all and all for one, whatever our faults and disagreements. WE are family. That is the Republic of the USA. Of the people, for the people, by the people. This is our commitment to the USA, though we feud sometimes among ourselves.

Pity Britain, subjects of the Crown under Admiralty law, and their hateful City. Britain: a slave nation.

Sun, 01/27/2013 - 19:45 | 3189724 f16hoser
f16hoser's picture

 Fuck the British economy and the RBS.

Sun, 01/27/2013 - 20:32 | 3189849 newengland
newengland's picture

RBS Rotchild is fucking the economy of the UK, with lilibet in tow, the German Nazi sympathiser Queen in her palace surrounded by fascists.

Be grateful if you live in the USA, and escape the old world hatreds.

Sun, 01/27/2013 - 17:48 | 3189546 steveo77
steveo77's picture
I made this chart, yes the Nuke Pro made it. Several other blogs have copied it nearly verbatim, and I am happy that others want to spread actionable information to protect people (would have been nice to get a proper credit though). I had the chart translated to Japanese as i was sending a Geiger to Japan to help families address their real risk. See bottom for the Japanese version.

This is a super condensed table on how to interpret Geiger Readings. Use it to supplement your own research and getting a "block of knowledge".

If you take this radiation stuff at all seriously, then get a Geiger. All the rest is guesswork.
http://nukeprofessional.blogspot.com/2012/04/geiger-counter-interpretation.html

Sun, 01/27/2013 - 14:02 | 3189234 AnAnonymous
AnAnonymous's picture

This 'american' propagandist at it again.

Still wishing to substitute figures (taken from 'american' economics reports) with the reality.

Who cares if British economy fares worse than GD?

Life today has nothing to do with life during the GD.

'American' propagandists trying to hide the most obvious facts. Again.

Sun, 01/27/2013 - 12:25 | 3189089 They Tried to S...
They Tried to Steal My Gold's picture

If people said to EVERY zeroHedge reader 2 years ago that Apple could drop 40-60% in less than 6 month with a low PE, zero debt and more cash than SOME COUNTRIES- AND HAVING A RECORD quarter-------they would be called a ?

Conspiracist

What do we call people that say the MARKET (which operates in econmies with the most debt ever and overall no growth) will crash 40-60% in a period less than 6 months ?

 

Feel free to fill in the blanks _ _ _ _ _ _ _ 

 

Sun, 01/27/2013 - 12:05 | 3189068 robertocarlos
robertocarlos's picture

Why don't the British just print more 1 million and 100 million Pound notes?

Sun, 01/27/2013 - 10:45 | 3188994 my wag
my wag's picture

Just wondering where you got the chart???

I understand St Louis Fed but could you provide a link??

Sun, 01/27/2013 - 09:52 | 3188946 SmallerGovNow2
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"This isn’t an issue of left versus right … it’s corruption and bad policies which help the super-elite but are causing a depression for the vast majority of the people."

Got that right ...

Sun, 01/27/2013 - 08:55 | 3188904 strangewalk
strangewalk's picture

This can all be ultimately traced to how those stupid Limeys outscourced their industrial base and millions of wealth creating, tax paying, services enabling manufacturing jobs to despotic, tyrannical shit-holes on the other side of the world in order to make fast bucks for the elites. Fortunately, the Yanky side of Anglo-America has been much smarter than that...

Sun, 01/27/2013 - 19:24 | 3189675 Dugald
Dugald's picture

Yanky side of Anglo-America has been much smarter than that...

And you have how many millions on food stamps....???

Sun, 01/27/2013 - 19:24 | 3189674 Dugald
Dugald's picture

Yanky side of Anglo-America has been much smarter than that...

And you have how many millions on food stamps....???

Sun, 01/27/2013 - 09:12 | 3188921 egoist
egoist's picture
Sun, 01/27/2013 - 09:05 | 3188911 Setarcos
Setarcos's picture

So tell me how you Yankees stopped out-sourcing?

Tell me in what way Apple, for instance, kept jobs in the USA?

"strangewalk" indeed.

What planet are you from?

Sun, 01/27/2013 - 10:57 | 3189010 Hey Assholes
Hey Assholes's picture

You missed the sarcasm.

Sun, 01/27/2013 - 08:19 | 3188882 egoist
egoist's picture
Sun, 01/27/2013 - 16:43 | 3189459 TheMerryPrankster
TheMerryPrankster's picture

yes but a turd wrapped in chiffon is still a turd. At some point even the television addled maledcuated american (of all income levels) will notice the stench is unbearable.

Most will ask fearless leader how to stop the smell problem and wait for a solution from on high. Those with more wits about them may decide to step away from the smell of death, as far away as possible.

the unicorn is dead and all the skittles are brown and stinky.

Sun, 01/27/2013 - 05:38 | 3188837 Notarocketscientist
Notarocketscientist's picture
How Did America Become a Country of "Dickless Armchair Warriors"?


On Friday night, Bill Maher asked if America was undergoing a masculinity crisis. Why do we spend more on defense than the next 13 countries combined, Maher wondered?

“Let me ask you: if a guy on your block was so frightened of mostly nonexistent prowlers that he spent all his resources on alarm systems and guns and cameras, so much so that he didn’t even have enough money left to maintain his home or send his kids to college, would you call him brave?”

We're not the "home of the brave" anymore, Maher says, before asking: "When did we become a nation of dickless armchair warriors?" 

 

http://www.alternet.org/bill-maher-how-did-america-become-country-dckles...

Sun, 01/27/2013 - 13:22 | 3189154 Fred C Dobbs
Fred C Dobbs's picture

BPA and maybe S did not help.

Sun, 01/27/2013 - 09:30 | 3188927 nmewn
nmewn's picture

Bill Maher couldn't identify masculinity if it slapped him repeatedly in the face and forced him to like it.

Sun, 01/27/2013 - 19:02 | 3189628 DosZap
DosZap's picture

Bill Maher couldn't identify masculinity if it slapped him repeatedly in the face and forced him to like it

Ditto,

If you grab your Websters and look up PUSSY, you will find a pic of Mahr and a defintion of him.

Sun, 01/27/2013 - 08:55 | 3188869 Setarcos
Setarcos's picture

Maybe here is your answer:

http://www.youtube.com/watch?v=n_fp5kaVYhk

Virtually no one, still, questions the 911 pretext for conducting WW3 and using financial weapons of mass destruction, in the lead-up to the HOT war on a truly global scale.

So-called World War One was really just a European war.

So-called World War Two expanded things to include Japan, but was not really a world war.

But NOW the Washington Empire has about 700 military bases in about 150 countries ... and ALL planned via the PNAC and before, e.g. since the Truman Doctrine of pre-emptive nuclear strike against the Soviet Union, circa 1947.

I dare all in ZH to watch:  http://www.youtube.com/watch?v=n_fp5kaVYhk  and then start to challenge ALL beliefs.

I maintain that IF sufficient numbers of US citizens challenge the official cover up of 911, then maybe we could move towards a peaceful world ... because, so far, 911 has been used as a pretext for multiple wars.

The entire "Cold War" was a propaganda drive; so too everything since 911, with a focus on Islam, more than Communism.

How Did America Become a Country of "Dickless Armchair Warriors"?

Well it was and is because the vast majority of you believed what Washington told you to believe.

Or maybe it is because you watch dickless wonders like Bill Maher and listen to fake laughter.

Maher is MSM and paid to entertain, whilst never really questioning the status quo, except with empty rhetoric, punctuated with 'taped laughter'.

Sun, 01/27/2013 - 16:12 | 3189420 My Days Are Get...
My Days Are Getting Fewer's picture

Listen to the comments on the Youtube tape.

 

They ask yourself this:

 

How much of what you just heard can NOT be true.

Sun, 01/27/2013 - 16:34 | 3189282 palmereldritch
palmereldritch's picture

Maher earned his position as alpha-stooge for the NWO when he blithely, callously and disingenuously (and now in retrospect, suspiciously) earned his stripes for First Amendment chill by praising the 9/11 terrorists as being brave for their attacks.

After sitting out a couple of years as result of industry black listing he returned as a silent reminder of the punishment for dissent and is currently one of the most vociferous and egregious promoters of the official fable for events on that day.  His narcissism and obfuscation are beneath contempt.

Sun, 01/27/2013 - 07:54 | 3188868 Benjamin Glutton
Benjamin Glutton's picture

Bravo Mr. Maher...

 

unfortunately fascist dumbed down 'merica has NO USE for the truth.

 

Limbaugh will restore order.lol

Sun, 01/27/2013 - 08:49 | 3188903 Setarcos
Setarcos's picture

Maher is a limp dick, who thrives on MSM popularity ratings by only lightly touching on important issues.

If he did more than that, then he would be out of a job, or maybe dead.

Sun, 01/27/2013 - 00:59 | 3188733 q99x2
q99x2's picture

Shake the crown from da bitch.

Sun, 01/27/2013 - 00:36 | 3188714 sunny
sunny's picture

Worse than the Great Depression?  Is that why the FTSE is going exponentially vertical?  Some depression, huh.

sunny

Sun, 01/27/2013 - 01:00 | 3188724 All Risk No Reward
All Risk No Reward's picture

The bigger the boom and looting phase (we are here now), the more these criminals asset strip and impoverish society.

Take lookee at the size of this bubble...

First chart...

http://market-ticker.org/akcs-www?singlepost=2958798

BTW, this was a criminal act by the Fed.  Their mandate was to keep monetary and credit aggregates commensurate with the nation's productive potential...  and "exponential to" the actual production of the country is a direct violation of that law.

That's why they lie about it and claim a fraudulent dual mandate.

This is an excellent implementation of Hitler's Big Lie theory - and Hitler's theory has played out well "in the wild."

When I prove to people, using the government's own laws on their own websites and their own data on their own websites, the average sheeple still doesn't believe it.

The Big Finance Capital media handmaiden, political handmaiden and education handmaiden all repeat the lie so that the actual truth no longer matters.

A few people actually pursue the truth and undertake the revolutionary act of sharing that truth in a world of lies.  Hopefuly, more will learn to let the data guide their conclusions instead of bankster financed propoganda.

The again, the entire debt money Federal Reserve Trojan Horse is a fraud:

Debt Money Tyranny

http://www.keepandshare.com/doc/4768883/debtmoneytyranny-6-1-pdf-60k?tr=77

Folks, that chart is empirical proof of fraud beyond any and all doubt.  One version or another has been viewed  about 4,000 times.  Out of 4,000 or so views, maybe 3 people have commented on the most important big picture financial piece of information they've every conceptualized. 

Hidng under the banky isn't gonna work here, people.

The bad guys are running the show and their operation is to bankrupt you, your family and your community THROUGH FRAUD.

There is no "vote" to end the fraud.  That's not a choice on the ballot.  It also isn't in an article on ZeroHedge.  The reason is none of these article writers wants to threaten their gravy train so they essentially run interference for the criminals and distract everyone.

"The few who understand the system, will either be so interested from it's profits or so dependent on it's favors, that there will be no opposition from that class."
- Mayer Amschel Bauer Rothschild

Yeah, that was all by design... engineered into the system...,  too.

Sun, 01/27/2013 - 00:22 | 3188698 NoWayJose
NoWayJose's picture

One could argue that the US economy is actually worse than the Great Depression too - especially if you remove the effects of trillion dollar a year deficits and QE4ever.  At least in the 1930s the country was building dams, roads and other projects.  Now we pay people to stay home and play with iGadgets.

Sun, 01/27/2013 - 16:55 | 3189483 TheMerryPrankster
TheMerryPrankster's picture

I prefer my Ipenis. No monthly bill and it keeps me entertained night and day. No batteries required.

We are obviously in much worse shape than during the great depression. Most people no longer know how to survive on their own. Self sufficiency was once prided now its scorned.

THe currency was backed by gold during the depression, now it is backed by fear of our nuclear arsenal. All the debt numbers are way worse than the 30's, per capita, Federal, small business etc.

The biggest food line in the 30's couldn't have been more than a few thousand people, now we have 50 million on the electronic food line (food stamps) - what happens on the day when the cards stop working? How about 30 days after the cards stop working?

We're boned, as long as we leave the system as it is, it will remain as it is. The problem isn't our leadership, its the shitty corrupt system they've become addicted to. The cannot leave the tit and so the mother will die. It really doesn't take a Phd in economics to understand what is happening. Either we change or we die, the arc of our descent is all to obvious.

Sat, 01/26/2013 - 21:16 | 3188479 dolph9
dolph9's picture

I've been to the UK many times and had a great time...they certainly do know how to "keep up appearances" there.  And in some ways they do things better than the U.S.

 

But behind the scenes they are a deeply troubled people.  The last vestige of imperial prestige was lost in 1997 when Hong Kong was handed over to the Chinese.  They take their orders in Middle East intervention from the Americans, who as we know will be there forever to protect Israel and the oil flows.  Much of the rest of their power has been ceded to the EU.

With the North Sea in decline they are now wholly dependent on oil and gas imports particularly from Russia.  Much of the UK economy is now finance and media related.  They produce money and images, and not much else.

They have bought into the idea that they need endless immigration from around the world to their crowded island nation.  The population of London is now close to 40% non white British.

And in order to stem this decline they are increasingly totalitarian at home...witness the proliferation of cctv cameras everywhere to catch people doing whatever it is they're doing.

There is a growing movement for Scotland to break way from the UK, and Scotland would probably be better off for it.  If this ever happens, it would leave England and Wales much worse off.

Overall, I wouldn't want to be in the UK during this global collapse.  There are much greener pastures elsewhere.

Sat, 01/26/2013 - 22:10 | 3188548 augustus caesar
augustus caesar's picture

Hanging on in quiet desperation

Is the English Way

 

The time is gone

The song is over

Thought I'd something more to say

 

I was amazed the last time I visited Britain, I saw the massive effort of those who managed to maintain that common human decency one always associated with the English, in spite of their abysmal circumstances they persevered. It honestly broke my heart to see what they were going through.

Sat, 01/26/2013 - 19:25 | 3188311 Tsar Pointless
Tsar Pointless's picture

Am I the only one who sees the massive triple-top reversal formation on just about any equity chart out there?

http://chart-patterns.netfirms.com/tripletop.htmhttp://finance.yahoo.com...^GSPC+Interactive#symbol=^gspc;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Do the same for the FTSE and Dow. They're all nearing triple tops.

Sat, 01/26/2013 - 19:19 | 3188307 orangegeek
orangegeek's picture

Yes, but the FTSE just hit a five year high and is heading toward an all time high set in 2000.

 

So none of this article can be true because the markets say otherwise. /sarc

 

It's a CNTRL-P world out there.

Sat, 01/26/2013 - 17:20 | 3188110 joego1
joego1's picture

I'm looking at a nice litlle pile of silver liberdad coins. Just go into a banco azteca and trade your bernankes for real money. Amazing!

Sat, 01/26/2013 - 15:29 | 3187970 news printer
news printer's picture

Army of Mali after training ready for offensive

http://goo.gl/KSy5T

Enjoy

Sat, 01/26/2013 - 15:54 | 3188004 walküre
walküre's picture

Dood dood dood put put put put dood dood dood put put put

Are these guys calling chickens? No wonder they suck. Trained by Frenchies.

Sat, 01/26/2013 - 15:28 | 3187965 de3de8
de3de8's picture

They need to take some tip's from the USSA on how to spin it to the subjects, all will be then be fine.

Sat, 01/26/2013 - 15:25 | 3187964 Mark Noonan
Mark Noonan's picture

The problem is that we don't (and the Brit's don't) have a rational economy, such as was described in The Lord of the Rings regarding the Shire:  the Hobbits spen most of their efforts on growing food and eating it.  Seems rather simple minded, but that is what an "economy" is:  people living.  Our economy is what we make, mine and grow - and if we aren't making, mining and growing enough stuff, then we're going to have problems.  If we start off rich - as we (and the Brits) did - then the problem won't be immediately apparent because we can use our surplus, stored wealth to buy from others our deficit in things we make, mine and grow for ourselves.  This period of time can be greatly extended - once again, for rich nations - because they have been so rich that people presume that loans will be repaid.  But after a while you do have to make ends meet - you have to make, mine and grow enough stuff to pay for all the stuff you're using.  If you don't, then you will wind up bankrupt - as we (and the Brits) now are.

I am no longer interested in what interest rates are, or what the Dow is doing, or what the GDP growth rate is, or what the first-time claims for unemployent are.  These are - aside from their vulnerability to manipulation by interested parties - worthless measures of our economy.  They don't tell us anything - well, not quite true:  slick people can use the data as information in making their bets at the Wall Street casinos (I don't believe anything like real investing has happened in the United States for decades - any of you investors here, please tell me the last time you plunked down money on a start-up in the hopes that over a period of many years it would provide a tidy return in dividends...that is investment; anything else is just gambling; and more power to you - with Uncle Sam stealing our money blind via debt and inflation, at least you're gamgling your own money and if you do it very, very well you might even break even over time).  What I want to know - in order to measure the health of our economy - is how much wheat was produced in 2012 compared to 2011 and 2002.  I want to know how much copper ore was extracted in 2012 compared to 2011 and 2002.  I want to know how many shoelaces were manufactured in the United States in 2012 compared to 2011 and 2002.  I want to know if the number of people employed in making/mining/growing in the United States is higher in 2012 compared to 2011 and 2002.  If 2012 is higher than 2011, then we're doing better - and if higher than 2002, then clearly we're on an upward trend.  But if lower (either in YoY or over the past ten years), then we're in trouble.  My bet is that most metrics of American manufacturing, mining and agriculture we're either producing less or haven't increased enough to account for population growth and the overall increase in national indebtedness.

The government, as constituted, won't fix this.  The financial and service industries will fight tooth and nail against it (call centers like a large body of labor at loose ends...they certainly don't want to try and compete with self-respect-generating, higher paying jobs in industries which actually do something).  But if we ever want an economy that works, then we need to get an economy where everything is geared to making, mining and growing things...this, by the way, would be a Distributist economy...so, look it up.

Sat, 01/26/2013 - 17:58 | 3188158 rhinoblitzing
rhinoblitzing's picture

"I want to know if the number of people are employed in ... in 2012 is higher than 2011"

That's too simple a statistic - the question is how many able bodied working age citizens are paying into the Income Tax System and how much - do they get to keep - and put aside for retirement - after paying ever increasing costs of food, energy, INSURANCE, and for some - other neccessities like tuition.

The question of how much of USA produced wealth is "Transferred" to other countries via neccessities like $3.80-$5.00 gasoline  or Illegals transferring wages "back home" from jobs USA citizenes would have had.

I tried to help  Fix it 4 ya.. but I don't have enough time...

Sun, 01/27/2013 - 04:20 | 3188814 mkkby
mkkby's picture

The only real measure you need is sales tax revenue 2012 vs 2011/10...  It can't be faked and it measures total economic activity because the consumer is the ultimate customer and tax donkey.

Sat, 01/26/2013 - 18:52 | 3188251 Mark Noonan
Mark Noonan's picture

Oh, I was keeping it brief to.  To me, a rational economy would also have this aspect:  one adult, working hard and living frugally, should be generating enough wealth to support a sposue, at least two children, and purchase a home over his lifetime and have enough money in old age to take care of himself, his spouse and leave at least a small legacy for his children.  You'll note that our economy makes this increasingly difficult - and I think it is planned that way.  Heck, even that "reverse mortgage program where oldsters are to essentially sell their home while they are alive and live of the proceeds works for one actual purpose:  to keep working and middle class people from building up a store of property...and it is property which makes people independent of both government and large corporations.  Can't have too much of that going aroiund - before too long the people will be independent, entirely able to take care of themselves and they might be able to pull away from the distractions of Hollywood and organized sport for enough time to start asking some uncomfortable (for the Ruling Class) questions.

Leaving aside the improvident and the foolish (such will always be with us) if you are a middle class American, by this point, your family should probably own several houses which have been in the family for several generations...

Sat, 01/26/2013 - 20:17 | 3188382 nathan rothschild
nathan rothschild's picture

"one adult, working hard and living frugally, should be generating enough wealth to support a sposue, at least two children, and purchase a home over his lifetime and have enough money in old age to take care of himself, his spouse and leave at least a small legacy for his children"

HAHAHAHA

Why should you peons be able to do all that on 1 middle class income?  Because you could do so when the US had oil coming out of its ass in the 1900-1970 time period?  That was the biggest free lunch ever and it's not coming back.

 

Sun, 01/27/2013 - 01:40 | 3188760 Mark Noonan
Mark Noonan's picture

Beg pardon but oil didn't make the United States wealthy - it was all of what we did; making things, mining things and growing things.  We still have all that wealth (even now in oil and natural gas, thanks to new extraction techniques), the problem is that we're not using it - we're not making, mining and growing enough.  Until we do, we're doomed...and, yes, if we do it then one person, working hard and living frugally (and "frugally" is vital - no money for the latest bit of I-Nonsense...make do with what you have until you actually need to replace it) would be able to support a family in a middle class lifestyle and take care of himself in his old age.

Sun, 01/27/2013 - 14:17 | 3189258 palmereldritch
palmereldritch's picture

Hence the Globalist's construction of the Chinese Deathstar of De-industrialization and its now incipient and metastasizing neo-colonialism/neo-feudalism.

Sat, 01/26/2013 - 14:37 | 3187904 blindman
blindman's picture

Max Keiser’s unpleasant facts on UK economy (25Jan13)
Posted on January 25, 2013 by maxkeiser
http://maxkeiser.com/2013/01/25/max-keisers-unpleasant-facts-on-uk-econo...

Sat, 01/26/2013 - 14:31 | 3187896 walküre
walküre's picture

Does the Queen have any financial troubles? Have her subjects stopped cheering and frantically waving that ole' Union "Jack" when she rides by in her carriage? Britons are likely the dumbest dumb fucks on the planet.

Sat, 01/26/2013 - 17:00 | 3188078 All is chosen
All is chosen's picture

Idiot! - Do you really think we worship the German Tenant? Do  some research before typing drivel.

Do NOT follow this link or you will be banned from the site!