Europe and UK again !!

As I wrote some time ago it seems that the IMF will be approaching the UK for more funds. So this will be above a possible Stg 37-40 bln that is our ceiling according to the IMF agreement.
I explained months ago that the UK will end up bailing out Europe.

I also said that the effect to the average family was at least Stg 5000 a year for the austerity package and the bail out.
This now has to rise to Stg 7500.
Don't let the government fool you, it will cost us at least this for the next 5 years.

Expect more unrest in the UK with strikes becoming more often and unemployment rising hasn't stopped yet!
2013 will be a little easier for unemployment and the economy.

Europe is in trouble

As I said months ago the Euro will split. I did say that it was only delaying tactics.
It's as plain as the nose on my face that Greece will default. this will be followed by Ireland, Spain, Portugal and Italy.
The new fund just isn't enough to cope.
The French banks will also fall into trouble. Germany has a choice of paying everyone off or abandoning their Eutopian dream of managing Europe.
The recession is now creeping up on Europe as I mentioned ages ago.
It goes USA, UK and then  Europe.
It appears that the USA is slowly coming out of recession. It takes about 9 months for the UK to follow suit.
Expect some Euro countries to be downgraded again to at least a single 'A' and possibly BBB level. This is in itself means the Euro cannot continue in it's current form and such members.

Scottish Referendum

The Scots from eternity have denied being part of Britain.
The fact that the English taxpayer funds their Free prescriptions, Drugs, Universities and general living, is besides the point.
The Scottish National Party have for years wanted a referendum and want one for 2014.
Now David Cameron has said next year and they are crying about. They say they want more time to convince the Scottish people. Well they have had about 15 years already.

So Cameron has called their bluff.
What he needs to do now is tell them, that if they vote to part from Britain then the following will happen:
1. They will have to pay for their medication
2. They will have to fund their hospitals
3. They will have to fund their Education
4. Taxes will go up significantly
5. They will have to fund their Social Benefits
6. They will not get any Oil revenues as they haven't contributed to anything in exploration, drilling and refining etc
7. Unemployment will be about 50% and it will increase as companies pull out
8. RBS will go bankrupt
9. Bank of Scotland will go bankrupt
10. MP's will have to decide who they represent and if they say Scotland their salaries will fall

So the question is, how serious the SNP can be and what their manifesto is, 'cos I can't see how they can fund anything.

They really have no idea.
Also just to add that there is a city in Scotland, where the average age of living is 56 years old.
Maybe this is their ploy. They won't have to pay out any pensions if people have jobs!!

The UK Austerity package

Over the past year I have pointed out then the cost to everyone of all costs to them UK Austerity package.
Well we are entering 2012 and we are still hearing how much it will cost each family per year.

I mentioned Stg 5000 per year. This is now rising.For the lower paid person I would seriously look at this and consider going on social benefits!
In order to get people to spend we need to lower personal taxes, petrol taxes etc.
This actually brings in more revenue, but it seems the UK government really hasn't woken up to this.

Still the USA housing market is in the crap.Until this turns around do not expect the UK economy to turn around and this will be 6-9 months after the USA says it has turned around. Historically this is closely related!

Cameron's New Year message is inept

So we have the Olympics and the Queens jubilee, but if Cameron thinks this will help the economy he is seriously deluded.
1. The Olympics will cost about Stg 12bln so how ill we make a profit? Of course NOT a chance
2. The jubilee is a tourist attraction but is very short term.

How will this help the 1 million plus 18-25 year olds get jobs?
How will this help the UK recover from any Euro problems?
Just on these 2 items there is absolutely no chance!

So Cameron is an imbecile if he thinks the man on the street believes what he says.
If I was him I would sack my speech writers and advisors!

My predictions for 2012

1. Argentina will invade the Falklands and the UK will not be able to get them back easily
2. The US Dollar will lose it's prime reserve currency role
3. The Euro will break up
4. UK crime will grow significantly
5. UK Unemployment will go over 3 million
6.UK  NHS will come to breaking point
7. In the UK more unrest for immigrants
8. More protests which become violent in the UK
9. UK Coalition will break and Conservatives win outright
10. UK House prices will fall 5%
11.UK  Immigration will be curbed
12. Foreign criminals will be sent home to ease prisons in UK
13. Recession in UK will ease end of 2012
14. France will lose it's AAA credit rating
15. Italian bonds will go to 11%, Greek to 18%
16. UK rates will rise to 5.5% from current 1.99% (Gilts)
17. Rare Earth materials will become even more rare and prices will surge
18. Minerals will rise as China takes a bigger monopoly
19. China will be blamed for more hacking as they buy even more National Grid companies
20. Oil will fall to USD 75 a barrel as use of cars diminish globally
21. China economy starts to hit a recession, which helps the oil price fall
22. Iran will threaten a low level nuclear attack and the USA will attack it.
23. Russia will begin to clamp down on it's capitalism and become a larger authoritarian state
24. Muslims will start having problems in numerous countries as a backlash to them trying to have their own Sharia systems within Christian countries.
25. Saudi to get more power in Bahrain
26. More poverty in UK and USA
27. More child abuse in UK and USA
28. Obama will not be re-elected
29. France will not allow UK to use French planes from aircraft carrier for any conflict
30. French banks will go bankrupt and need to be bailed out
31. Travel companies and airlines will go bankrupt globally

I will post others

UK is for UK employees

What isn't right is the kind of thing below that has happened in the UK.

A company in the Midlands made a UK guy redundant because he couldn't talk nor train his staff!
Why? Because they were all Polish and didn't speak English.

This type of thing cannot continue.

As I mentioned before, my son went to the Olympic site to get an electrician job and was told he wouldn't get it because 95% of the workers were Polish.

So eventhough the government wants to start building houses they need to stop this practise.
They are exporting the economy back to Poland.

I wrote to the Treasury and George Osborne, but of course I just an acknowledgement and no response!!