the amount of debt of UK/US is getting to a point where just the interest payments are becoming difficult to cover, with all other budget demands considered
if they could afford the interest they could push the debt down the road and make it some other leaderships problem of the next administration if they just took out more loans(print more)
but if they cant even run public services, pay all other demands of their own administration, then getting into more debt by printing money is not the solution
the gripe of the UK people is, that while governments try to make cuts on the poor EG the FEW £BILLION savings on disability/unemployment and other social securities.. the same government talk about happily giving away £HUNDREDS of billions for foreign aid and foreign support for wars in countries no where near the UK
(why isnt poland, belarus, romania(ukraines neighbours) pushing for more loans(printing) to fund ukraine)
UK for instance is trying to cut all social security budgets whilst spending alot more on foreign affairs of far away lands..
UK also give their politicians and public sector workers an above inflation pay rise whilst giving the poor a under inflation rise
yet taxes have always been thought of as a national insurance/security buffer for our own people when we are in need of help domestically
US however is protecting social security whilst cutting the national government spend on its own staff..
ive never liked trump but strangely his strategy is a better economic plan than keir starmers strategy
..
depending on how things play out between US and UK political strategy.. even i might be tempted to buy one of those US gold card citizenships and move to america, or a tropical island. because i see america as being 'on the up' and UK as being 'on the down' in economic terms
Yes usa is up now but what happens after trump ?
You think after trump usa continue same direction? However London looking cool and rich, the total gbp and money flow is alone in London bigger then few european countries together.
Well UK need to colonize russia or ukraine or other countries where is resources so they got military they can use it otherwise they will just fall deeper and deeper.
Also the question is If UK so bad why so many rich people still want to be in UK ? Look London when you walk there you see only money around you
But what really bothers me London not safe, it will never happening in usa new york or Miami or la rich areas....when posh areas like Knightbridge....someone got dragged out of the car and expenise watch been taken, that's grazy
Are the wealthy ones doing just the last money laundering into the £ and leave the UK or what's the plans ?
I know there is no magic over night solution....but while uk have still influence and power they can Do something or else they could be bailed out islamic state and for that they need to play rules of islamic state including placing the sharia laws. Allready there is a lot islamic rules because a lot middle east money in there.