Is the United Kingdom entering its own Great Depression? The signs say that this is a possibility. Britain is now encountering a situation where it is stuck in debt deflation. Debt deflation is a combination of falling prices and rising debt burdens similar to the Great Depression. Things look worrisome as of late and even though things do not seem as bad now as they do in the United States, there are clear signals from the reports of different departments that things ... Read More

   “The truth Prime Minister, is that you have run out of our money”, were the words Prime Minister Brown heard in Parliament March 24, 2009 from Daniel Hannan-European Parliament (MEP), representing South East England for the Conservative Party.    “Every British child is born owing around 20,000 Pounds.  Servicing the interest on that  debt will now cost more than educating the child.”  MEP Hannan stated.     MEP Hannan also let PM Brown know that he had run the economy into a deficit that ... Read More