Very Dangerous Times . . . In Britain

[New-born baby]

It appears that the addiction to deficit spending is not limited to the USA alone. Talk about
stupid: the U.K. expects their national debt to reach to 60% of the GDP. The average household debt is 165% of personal income. Their economy is so sluggish that the state accounts for 46% of GDP. Incredible!

We are on the same road, just not quite as far down that road as they. Let's pray we turn back from it. However, I should note that our politicoes are speaking the same foolish actions as the Brits have done.

It is possible that the Brits may default on their foreign debt payments. Furthermore it looks like the pound may fall to 0.90/$1.00 vs. the USD. Just last year it was 2.12/$1.00.

And don't think that this won't hurt the USA.

read about it here: http://blogs.telegraph.co.uk/ambrose_evans-pritchard/blog/2008/11/24/is_britain_going_bankrupt?com_num=20&com_pg=3

[Peter Hansen]

New Born Debt will be the downfall of many people. I recently received a notification from my credit card company that they are raising rates from 27-29 percent. Where is Al Capone when we need him LOL? Am I worried? .....absolutely not because I pay in full every month and use the cards primarily for the free cash bonuses that I receive.
My advice to all ......PAY off your mortgage all your debts ....it will be the best thing you can do for your financial health.
Also be positive .......we can make money here ,SKF which Double shorts the financials will BOOM as more bank failures come to past!
Try this after looking at the chart below : Makes sure SKF is ABOVE its 200SMA , When 7 SMA cuts above the the 30 SMA YOU BUY, When 7 SMA drops BELOW 30 SMA YOU SELL. YES simple but about 80% profitable !

http://finance.yahoo.com/echarts?s=SKF#chart1:symbol=skf;range=1m;indicator =sma(7,30,200)+volume+macd;charttype=line;crosshai r=on;ohlcvalues=0;logscale=off;source=undefined

Good luck!

[Websman]

Cool! England is becoming affordable again! Time for a trip!!!

[Odysseus]

aye seriously. I've only been to the UK once and everything was double. Went to get some batteries, it was 2.99 pounds, or $5.98, that was crazy !

[New-born baby]

New Born Debt will be the downfall of many people. I recently received a notification from my credit card company that they are raising rates from 27-29 percent. Where is Al Capone when we need him LOL? Am I worried? .....absolutely not because I pay in full every month and use the cards primarily for the free cash bonuses that I receive.
My advice to all ......PAY off your mortgage all your debts ....it will be the best thing you can do for your financial health.
Also be positive .......we can make money here ,SKF which Double shorts the financials will BOOM as more bank failures come to past!
Try this after looking at the chart below : Makes sure SKF is ABOVE its 200SMA , When 7 SMA cuts above the the 30 SMA YOU BUY, When 7 SMA drops BELOW 30 SMA YOU SELL. YES simple but about 80% profitable !

http://finance.yahoo.com/echarts?s=SKF#chart1:symbol=skf;range=1m;indicator =sma(7,30,200)+volume+macd;charttype=line;crosshai r=on;ohlcvalues=0;logscale=off;source=undefined

Good luck!

Thanks for the tip!

[HYDROTURBINE]

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