Other than...

Deflation scare followed by significant inflation IMO.

What amazes me is here in the UK you turn on the tv and the msm is saying eveything is just fine and dandy, and Gordon Brown will walk on stage and say what a great job he is doing and the economy is recovering. You've got rioting in the streets of Greece yet here it's just business as usual. It's disheartening to see just how asleep people are in this country.

No-one cares enough in this country its everyman for themselves.

Only when people are being affected in masses and see it all around in there communitys is when they will act.

Some people care but theres not enough just yetl.

The issue is the jobless recovery has not hit home to people in what it means in reality when taken in context with the money printing and bailouts.

Both the bailout and the money printing scams where short term methods to hide the damage, but this will only weaken our nation in the long term.

So when we start having to repay those bailouts the smaller contracting workforce will need to pay a lot more to cover the bailouts and money printing.. which in turn will simply create worse hardships and force the government to up the taxes which in turn will cause further contraction in the workforce.

However, there is enough scope within the poor infrastructure of this nation to reduce the unemployment levels by setting out projects to improve the nations infrastructure. An improved infrastructure would create a foundation for a long term recovery, while in the process create a larger workforce that would ease the burden of repaying the bailouts.

But instead of doing that we've gone down the route of contraction in the workforce, streamlining the nation and front line services, alongside assest sales so that when this or the next gov will need to start repaying the money printing we'll bleed more jobs as businesses move somewhere else that is more acttractive in terms of infrastructure and taxation.

This gov has created a negative spiral that will not get better as the foundations of this nation crumble..

As that happens, as the taxes increase internal unrest will start to pick up to the point of being the driving force to change the Gov's position (which ever one it is) and force them to do something real and constructive about this country.

But, none of this will happen until the money printing stops and the repayment plan is outlined by this or the next Gov..

The only other alternatives are for investment in brand new industries that can pick up the slack in jobs and generate the kind of cash required to pay for the bailouts/money printing.

And the final choice is the age old fallback of War to create the jobs, cash and everthing else needed to pull this nation out of the mire we are in.

My only concern is that the last option seems to be the only one on the table right now.. Another real big war will give the Western nations enough industry to dig their way out of this, while in the process knee capping those up coming industrial nations.

[edit on 22/3/10 by thoughtsfull]

Originally posted by thecrow001
No-one cares enough in this country its everyman for themselves.

Only when people are being affected in masses and see it all around in there communitys is when they will act.

As much as I'd like this to happen, I disagree that it will happen. There's already large areas around the country (much of which is in the North) that's hit by large scale unemployment (and despite what many would claim about the lazy and feckless, there's very little in the way of jobs - even the Job Centres admit this) and next to zero chance of social mobility. Already whole communities are like this, already there are whole masses of people like this and it's been like this for a long time. And yet nobody really gives a # or thinks about long-term solutions.

What needs to happen, and it is always the case, is for it to hit the cozy middle-classes. Only when they suffer do people listen as everyone below this glass flooring doesn't really matter, after all, they're the poor, the stupid, the ignorant, the proletariat and the lumpen proletariat.

However, for things to get to the point where the middle-classes are genuinely suffering, those below them at the bottom of the social pile have to be crushed by circumstances first.

Anyone who believes that everything is fine and well is not fit to call themselves a human being IMHO.

The job losses have not begun yet.

People have not started defaulting in massive numbers on their mortgages.

You wait until after the election. Defense and health will be cut, whilst the Government carry on wasting Billions a year on Europe.

Taxes have yet to rise (I'm betting VAT will reach at least 20% within the next 12 months), and so have interest rates.

Once interest rates rise, people will start finding it impossible to afford their homes. They thought interest was high at 5.5% - they haven't seen anything yet. In the 80s interest rates hit 15%. That would sink about 3/4 of the UK population with mortgages if that happened today.

House prices MUST fall, even if it is the scarcity of land that is propping it up.

Unemployment will continue to rise. You can bet taxes on companies will go up, and as a result they will let people go.

The pound will fall against other currencies. I think it will dip as low as £1<>$1.20 and £1<>€1, if not lower.

The next Government will try and force us to take up the Euro, there is no doubt.

NONE of the Big Three parties have discussed Europe as yet. They know they will lose the election if they support it, yet they ALL implicitly support it by not talking about the possibility to leave it.

There is a shed load of waste within Government itself, and this must end.

If you can get out - do so. The brown stuff has not hit the fan yet, but it is in the air and flying towards it.

[edit on 22-3-2010 by mirageofdeceit]