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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 476.00+2.4%4:00 PM EST
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To: Maurice Winn who wrote (77593)8/11/2011 3:59:07 PM
From: elmatador1 Recommendation  Read Replies (1) of 219804
 
"...Britain lost a huge source of wealth previously derived from exploiting the resources of these countries. At home, the beginnings of the NHS and the welfare state, while again the right thing to do, started the expansion of the public sector and the gradual development of a dependency and blame culture."

They were not down before because of the North Sea oil windfall as he correctly point out:

The huge one-off windfall of North Sea oil been totally dissipated by successive governments, using it to finance current expenditure instead of rebuilding our ageing national infrastructure and reshaping our economic future.

First generatio migrants had decent jobs. Their sons and daughters, have no future and revolted
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