tag:blogger.com,1999:blog-8817171247555815363.post5257785832171119065..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 30/4/2013: Irish chart that worries me mostTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-15051069326841126672013-04-30T19:02:33.282+01:002013-04-30T19:02:33.282+01:00But of course.....
Our post 1987 "growth"...But of course.....<br />Our post 1987 "growth" was to provide income for the UK and core Europe.<br /><br />Just look at UK balance of payments data.<br />Both the UK & France have chosen real goods over income from the rest of the world.<br />And it is a very dramatic turnaround.<br />UK income from the rest of the world peaked in Q1 2008.<br />Now they are choosing German goods ,Norwegian oil and driving the rest of Europe into (energy) surplus to achieve this..<br /><br />Its sticking out a mile.<br /><br />The lack of a fair final settlement system is destroying all of Europe (inc Germany) except the UK & France.<br />The net physical wealth flows into those 2 countries is gigantic.The Dork of Corkhttps://www.blogger.com/profile/01118115538944689118noreply@blogger.com