UK going the way of Iceland ??? - DFWstangs Forums
 
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post #1 of 6 (permalink) Old 01-21-2009, 08:10 PM Thread Starter
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UK going the way of Iceland ???

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Yesterday marked a new low for all involved, even by the standards of this crisis. Britons woke to news of the enormity of the fresh horrors in store. Despite all the sophistry and outdated boom-era terminology from experts, I think a far greater number of people than is imagined grasp at root what is happening here.
...
RBS has liabilities of £1.8 trillion, three times annual UK government spending, against assets of £1.9 trillion.
http://www.telegraph.co.uk/comment/c...ankruptcy.html

What a mess? And the UK Pound down abour 30% in six months.
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post #2 of 6 (permalink) Old 01-21-2009, 08:22 PM
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Talk about a melt down. Damn! Has it ever been lower?
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post #3 of 6 (permalink) Old 01-21-2009, 09:06 PM
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Originally Posted by Fox466 View Post
Talk about a melt down. Damn! Has it ever been lower?
Whoops.....

Of course, blair and brown are liberals........ maybe a foreshadowing of what is to come for the US?
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post #4 of 6 (permalink) Old 01-21-2009, 09:30 PM
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Quote:
Originally Posted by TexasDevilDog View Post
http://www.telegraph.co.uk/comment/c...ankruptcy.html

What a mess? And the UK Pound down abour 30% in six months.
translation for those of us that are stupid/drunk?

2004 GTO <---- 690rwhp Twin Turbo meth injected.... daily driver?

1971 Torino <---- never-ending project
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post #5 of 6 (permalink) Old 01-21-2009, 09:31 PM
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Originally Posted by torinoman460 View Post
translation for those of us that are stupid/drunk?
mikeb free translation: UK facing bankruptcy (for real)
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post #6 of 6 (permalink) Old 01-21-2009, 09:35 PM
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after a stupid/drunken scan of the article i am assuming that Britain is about 5 years ahead of our spending? They owe (national deficit) just under 5% less than they take in in year (GDP)? 1.9 b vs. 1.8 b

2004 GTO <---- 690rwhp Twin Turbo meth injected.... daily driver?

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