Let’s face it, things are going seriously wrong in England right now. For the first time in my life I am actually worried about what the immediate future holds.
Fuel prices are through the roof and there’s no sign of them going back down again. Over 80% of the price of a litre of petrol or diesel goes to the Treasury in tax and the introduction of new “green taxes” is pushing up the price throughout the supply chain. The more expensive fuel is, the more everyday items cost – it costs more to produce and more to transport. A major oil distribution centre is set to close due to strike action any day now which normally pumps so much oil that we will run out in two days if it closes.
Food prices are rising at an alarming rate and food shortages are being predicted in the near future. Fields that normally provide food are being turned over to growing crops for biofuels. The booming Chinese economy means the average Chinese diet is becoming more protein-based and growing animals for food is far less efficient than growing crops for food. China is one of the world’s largest producers of cereal crops.
The bottom is falling out of the housing market with estimates of over 1 million people being in a negative equity situation after overextending themselves with huge mortgages to buy houses that aren’t worth the money they’ve paid for them.
One major bank has gone tits up in England and other banks are cutting back on spending and reporting a downturn in profits. The British government is responding by handing out £50bn of taxpayers money to shore up the financial markets. The US Federal Reserve has also bailed out a major bank and is pumping cash into the markets to keep them afloat. A global depression seems inevitable.
The British government is trying to force through a change to “anti-terrorism” laws that are already being systematically abused that would allow the state to lock up anyone they say is linked to terrorism for 42 days – almost a month and a half – without evidence and without charge. Not even Zimbabwean police are allowed to lock people up without charge for a month and a half. So far not a single terrorist has been found as a result of over 100,000 people being stopped and searched under anti-terrorism laws. There is not a single example where the current 30-day limit (already the highest in the civillised world) has been too short to charge a terrorist suspect. The police state marches on – George Orwell showed remarkable foresight (apart from the date), perhaps he was a modern day Nostradamus?
I could go on but I think I might be better off watching the Mad Max films again, only this time I’ll take notes.
Technorati Tags: Terrorism, Police State, Depression, Petrol, Economy
Meanwhile, our fucking Prime Minister declares on American TV – not even to US – that we’re buying however many fucking nets it was for the subcontinent. Fuck right off, Brown. Fuck riiiiight off.
As for the housing market, I’ll be 21 in two weeks, and really can’t see myself being able to afford a mortgage until I’m in my 30s, with how things are going right now. It’s a total fucking disgraceful shambles, every last bit of it. Worry doesn’t cover it, Wonko. Doesn’t even start.
negative equity is only a pisser if you want to move NOW, wait until the market rises again.
But Tony Blair told us in 1999 that we would never ever be in a position where we couldn’t afford to import all the food we needed- I distinctly remember him saying it!
I thought it was pretty fucking stupid at the time, now I’m sure of it!
The low price of fuel was the main reason behind the destruction of manufacturing in Europe. Fucking how could it survive when it was cheaper to import anything from half the world away? Now that the transportation prices are through the roof it possibly can mean the renaissance of industry. Oh, sorry, I forgot, it is not environmentally friendly and fashionable, it is greasy, noisy, and – worst of all – requires little more that sitting on the arse in office staring into the LCD display.