In short, our financials are so bad that we face financial Armageddon. The issue is debt.
To quote one short paragraph in a very large article...
In all recorded history, no country has ever recovered from the financial position we find ourselves in today. No government has ever been able to reverse this trend. No emergency action has ever come close to a solution.
So, will the last person please switch the lights off as they leave.
Admittedly they are trying to frighten people in to subscribing to their financial investment advice, but as we found out yesterday (Weds 5th Dec 2012) when the Chancellor of the Exchequer made his 2012 Autumn Statement, the economy is not going the way that had been hoped and the date for ending the age of austerity is receding off in the distance.
Edited by simple simon, 07 December 2012 - 12:31 AM.