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Britain showing signs of heading towards 1930s-style depression, says Bank

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posted on Mar, 16 2009 @ 04:16 AM
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Britain showing signs of heading towards 1930s-style depression, says Bank


www.telegraph.co.uk

The country is displaying early symptoms of being trapped in a so-called “debt deflation trap” where families find themselves pushed further and further into the red every month, according to a Bank report published today.
The stark warning will cause serious concerns, since it was this combination of falling prices and soaring debt burdens that plagued the US in the 1930s.
(visit the link for the full news article)




posted on Mar, 16 2009 @ 04:16 AM
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Firstly, in the report, "depression" isn't used but the Bank of England are not far off describing it in its true content.

The political ramifications are significant - countless protests are held outside the Bank of England on a daily basis (literally.)

One has to ask about the possibilities of a "revolution-like" mentality setting in. It is interesting how the media are playing the "mob" card and MI5 warned against mass protests.

Is David Icke right? TPTB want us to demonstrate and then wheel out a messiah for us to worship? Majority of the United Kingdom, including the economy now, is centralised - Mussolini must be turning with envy.




www.telegraph.co.uk
(visit the link for the full news article)



posted on Mar, 16 2009 @ 04:26 AM
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sad , UK is transforming into a fascist orwellian state



posted on Mar, 16 2009 @ 04:41 AM
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Originally posted by sadchild01
sad , UK is transforming into a fascist orwellian state


Also note:

A BNP member was attacked by a hammer, covered in detailed by the media, only two months before European and English Council Elections.

Hmm, makes you think, is someone wanting the BNP to have a successful election year.



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