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Wednesday, September 08, 2010

If the UK was a business...

...I wouldn't invest in it.

From the Institute of Economic Affairs:

Looked at this way, the UK is effectively an enormous unfunded and effectively bankrupt pension scheme, with a large speculative holding in some banks and a sideline in running a small island state off the northern coast of France.

Posted by Hugh MacIntyre on September 8, 2010 | Permalink


With no industry, or raw materials.

Posted by: dp | 2010-09-08 8:16:19 AM

Um wouldn't this conclusion be true of all western nations?

Posted by: B | 2010-09-08 1:19:37 PM

B-Not really. North America is self sufficient in all areas. We could do just fine without any help from the rest of this messed up globe. We have a surplus of food, raw materials, and yes, energy.

The UK has been living off the remnants of the Empire for a century, and the reserves are getting low. North Sea oil was a temporary boost, but there's not much left in the tank.

Charity is going to destroy North America. The ingrained belief that we owe the rest of the world some sort of debt has an unmovable foothold. We're being sucked dry. The US needs to stop providing security to its ungrateful "allies", and Canada must stop financing failed states, and terrorist factories. We need a moratorium on foreign aid, and our leaders need a crash course on the definition of "trading partner".

Posted by: dp | 2010-09-09 8:16:32 AM

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