"End of Britain" - economic collapse. Is this crap?
Discussion
Well, it is rather worrying isn't it.
However, all is not lost because if I decide that the expert advice in MoneyWeek is well worth having every week, then they’d like to offer me a very attractive price indeed...
The usual cost of MoneyWeek is £175.95 for a full year.
But they want me to benefit from their insights and advice, and not be inhibited by the price. So, if I decide to continue receiving MoneyWeek after my 3 FREE issues, they’d like to offer me a special subscription for only £19.95 every 13 weeks (13 issues) through Direct Debit. That’s a saving of 56% off the cover price.
Wow. How can I resist?
Not saying I'm cynical or anything.......
However, all is not lost because if I decide that the expert advice in MoneyWeek is well worth having every week, then they’d like to offer me a very attractive price indeed...
The usual cost of MoneyWeek is £175.95 for a full year.
But they want me to benefit from their insights and advice, and not be inhibited by the price. So, if I decide to continue receiving MoneyWeek after my 3 FREE issues, they’d like to offer me a special subscription for only £19.95 every 13 weeks (13 issues) through Direct Debit. That’s a saving of 56% off the cover price.
Wow. How can I resist?
Not saying I'm cynical or anything.......
The underlying facts are correct. The conclusions drawn are a little....stretched.
It's entirely correct to say that public spending is still going up, that the deficit and the debt are still rising and the prospect of budget surpluses and being able to pay down any debt keep retreating to the future. This unpleasant fact is not going to go away, but will be surpressed as long as possible by zero interest rates and QE fired inflation.
It is possible, but unlikely, that the UK will go the way of Argentina. I suspect that the MoneyWeek solution, to be revealed only to those canny enough to subscribe, will involve buying lots of physical precious metals and a small patch of farmland and burying one in the other.
It's entirely correct to say that public spending is still going up, that the deficit and the debt are still rising and the prospect of budget surpluses and being able to pay down any debt keep retreating to the future. This unpleasant fact is not going to go away, but will be surpressed as long as possible by zero interest rates and QE fired inflation.
It is possible, but unlikely, that the UK will go the way of Argentina. I suspect that the MoneyWeek solution, to be revealed only to those canny enough to subscribe, will involve buying lots of physical precious metals and a small patch of farmland and burying one in the other.
This is nothing other than sensationalist, cynical marketing designed to increased subscription sales of a magazine with a vested interest in the subject matter.
One of the more broader current affairs magazines did a similar thing after the 7/7 attacks, threatening all manner of violence and mayhem and made a compelling case that subscribing to their magazine would protect you from all that.
I've no doubt that Money Week have made some accurate predictions but you could use the same data and arrive at a different conclusion if it suited your marketing purposes to do so.
Some very good reasons to disregard this video here:
http://coppolacomment.blogspot.co.uk/2013/01/the-e...
IIRC, Money Week is owned by those who lean to the left so may also give a slightly skewed opinion of the actions.
One of the more broader current affairs magazines did a similar thing after the 7/7 attacks, threatening all manner of violence and mayhem and made a compelling case that subscribing to their magazine would protect you from all that.
I've no doubt that Money Week have made some accurate predictions but you could use the same data and arrive at a different conclusion if it suited your marketing purposes to do so.
Some very good reasons to disregard this video here:
http://coppolacomment.blogspot.co.uk/2013/01/the-e...
IIRC, Money Week is owned by those who lean to the left so may also give a slightly skewed opinion of the actions.
StevieBee said:
IIRC, Money Week is owned by those who lean to the left so may also give a slightly skewed opinion of the actions.
No it's not. Gold Bug libertarians would be a more accurate portrait. They often market themselves as offering protection from financial armageddon. They have never been correct with this protection yet, however if you predict the end of the world long enough eventually you'll be proved right.
cloggy said:
Those f
ker at Reader Digest are even worse.
fking thieves.
And not very good ones...ker at Reader Digest are even worse.f
king thieves.http://www.telegraph.co.uk/finance/newsbysector/me...
Newc said:
It is possible, but unlikely, that the UK will go the way of Argentina. I suspect that the MoneyWeek solution, to be revealed only to those canny enough to subscribe, will involve buying lots of physical precious metals and a small patch of farmland and burying one in the other.
A perfect example of how retail 'investors' are taken advantage of.Any serious investor knows that the real way to make money from burying precious metals in farmland is to raise financing from retail 'investors' on AIM to mine said farmland metals!
craigjm said:
Hmm. It is a bit skewed to say the least. We are servicing our debt and have not defaulted so how if the state was an individual would we have been made bankrupt by now? Are we really expecting to repay debt rather than just make sure we can service our payments?
We are defaulting. Inflation + QE is a form of soft default. Buying your own debt with printed currency is definately default, its two fingers up at your creditors. Raising the age of retirement is defaulting on moral obligations to pay pensions to individuals who may have have paid NI on earnings for 50 years on the premise of retirement. I actually think its a good article (if you can forget the money week answer for £175 a year) and the only thing of debate is the outcome...
However I much prefer this independent that only requires a pint of beer...
http://www.debtbombshell.com/
However I much prefer this independent that only requires a pint of beer...
http://www.debtbombshell.com/
Edited by craig7l on Monday 10th June 22:41
Stig said:
Worth a read: http://coppolacomment.blogspot.co.uk/2013/01/the-e...
Thank fk you posted that, I read the first article knowing full well that it would only depress me before bed, and it did (think I was about to have a nightmare about having to grow my own food and medicines), but the blog you linked to cheered me right back up again. Thanks 
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