Has Gordon Brown sold the future?

You will know the answer to that question when Arab, Chinese or other foreign collection agencies try to repossess your house if you default on your mortgage payments or credit card debt.

On 24 Jan, 22:24, Wolfie > deeper into debt.

Fortunately I read in about 1998 that the best thing to do with your money is pay off your mortgage and debt ==slavery is true.

On Thu, 24 Jan 2008 17:24:44 -0500, Wolfie

and then what....dismantle it and shift it to china?

Absolutely. You need to have enough cash on hand to be able to pay all your debts without selling fixed property if you have to, and reduce that mortgage capital with extra cash injections every year if your mortgage agreement allows.

LOL! Thats what has been happening in Europe. American companies buy European businesses and ship them off to China minus the jobs of course, but with everything else, right down to the furniture. Apparently the German precision engineering sector has been highly targeted.

After setting aside an appropriate emergency fund, yes.

you weren't asked about factories... when are you going to learn to concentrate?

Who cares what you think snow white?

you were asked what you 'thought'.. although naturally 'thought' is a bit of a misnomer in your case..

you were also asked when you are going to learn to concentrate....

next i s'pose you should be asked if you're ever going to stop running...

why are you posting if you have nothing to say?

Our "unprecedented period of sustained economic growth" is actually only an unprecedented period of sustained and ever-increasing consumer borrowing. People pay a lot of tax on the goods they buy with money they haven't yet earned. Even with record level of taxes including those paid from such borrowed money, the government is so profligate in public spending that it can't put up the cash for hospitals and schools so buys these on credit. It can all only be sustained by ever- increasing personal debt, but that fails when people need all their disposable income to service debt, reach their credit limit or when credit becomes scarce and rates rise. It has, in effect, all the illusion of success and ultimate sustainability as a pyramid selling scheme. It is now hitting the buffers. That's why they're holding out against backdating the police award. That's why our wee pretendy unelected prime minister is try to pursue three year below inflation public pay deals. That's why MPs have just rather quietly settled for

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socialist 'economics'....yet idiots still swallow it....

Yet strangely, that's what the US government and Federal Reserve propose to prevent a US depression...

FoFP

From the Textbook of Socialist Mathemetics - if, at a political protest rally, it takes twenty-five socialists three hours to sell the usual zero copies of 'The Socialist Worker' magazine, how long would it take one socialist, working at the same rate, to sell the same number of copies?

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DG