We’ve done this before, and the consensus was that it’s a load of scaremongering bollocks. Eg the fact that they show a graph with public debt appearing to grow almost exponentially – but it’s not public debt against GDP so it’s fairly meaningless.
Not that we won’t have to make readjustments but that article is pure marketing BS.
I’ve checked with the editor of MoneyWeek, and yes it is genuinely their production. The reason why it looks different from the rest of their output is because it was written by their marketing department. And that of course gives the clue as to what this is all about. Whether or not they genuinely believe there will be a disastrous collapse is not the point, though to be fair MoneyWeek is generally fairly pessimistic about the UK and has been forecasting a property market collapse for several years now. No, this is all a marketing ploy. They want to scare you into buying a subscription to their magazine…….
I think it is very sad indeed that a respected investment magazine like MoneyWeek is so desperate for business that it is resorting to despicable scaremongering. This bulletin is poorly researched, badly written and presents completely the wrong image. I’m not about to advise anyone what to do with their money, but I can certainly think of much better things to do with mine than subscribe to this rag. This marketing ploy by MoneyWeek is a very, very bad mistake.
http://coppolacomment.blogspot.co.uk/2013/01/the-end-of-britain-not-yet.html
We can’t / won’t afford the state people expect
We could afford it, but some people are greedy.