Quote:
Originally Posted by Harbinger
Seriously.
Fuel prices rocketing, China's massive use of petrol pushing up the prices, gas and heating oil expected to rise, electricity to rise by 40% and with it probably food prices.
Public sector pay restraint which will undoubtedly lead to strikes, prisons, dustmen, fire NHS etc.
How long before we are a third world country?
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If we don't change our ways not long. There are many predictions that the world may be in for something that comes close to the great depression. I'm seriously hoping this does not happen.
The price of fuel is an obvious part of this and it's not one that can just be solved. How ever it is the only part of the problem that is being addressed.
What the government can do to help the situation is firstly reduce public spending.
Throwing money into the system devalues a currency. This would mean losing non essential public sector workers such as smoking inspectors, litter inspectors. In other words people who do not work to make a profit. It would also help by removing non essential services such as buses that no one ever gets on. A currency in many ways is a share of the service you can provide into goods that you need. If this cycle is broken then the value of the currency falls making the price of goods appear to go up.
The other part of the problem that is not being addressed is the rule and legislation imposed on companies under Labour and the EU there have been thousands. For business to work it must make a profit. For business to compete against competition it needs to offer it's goods cheaper than the next man and therefore the price should come down to the lowest point it can while making a profit. For every regulation pushed onto a business there is a financial cost involved these costs will reflect in the price that we pay for the goods we buy.
The other part is to not have to buy oil in the dollar but if we even thought about how we could do this we'd be the next country accused of harboring terrorists and weapons of mass destruction. The dollar is on the verge of collapse. With out the world trading in it for oil it will become worthless it will be monopoly money and that is why America are so desperate to invade Iran.