Why is the economic state of the UK and U.S not too good?

Question

Why is the economic state of the UK and U.S not too good?

Answer 1

In both cases its becaus eof debt. The people in the UK have the highest rate of debt in the world. The US has the highest overall national debt in the world. Prior to the 1970s the US was the worlds largest creditor nation. Today it is the largest debtor nation. The US since World War 1 has been financing the UK. This was done because the fiat currency of the UK collapsed just prior to the Great Depression. As a result of that collapse the US agreed to finance and the economy of the UK through inflation on the US consumer. After WW2 Bretton Woods replaced the inflation tax on the US consumer. Bretton Woods was done away with in 1971 leading the US to become a total fiat currency. Today no currency is backed by a gold/silver standard. Only the Euro is backed by a gold reserve but that currency is not on a gold standard. This is not just a UK or US problem. This is worldwide. Many countries are in depression now. http://dollarcollapse.com/

Answer 2

It is meant to be that way and collapse so the international banker can take over all of these countries wealth . It's always follow the money .

Answer 3

Too many people and too businesses have made too many economic promises that they can't fulfill.  And now people are loosing their confidence in the economy because no one knows for sure if the economic promises made to them will be fulfilled or not.

Answer 4

Gordon Brown swapped our gold reserves for the Euro he bought the Euro with the gold, the price of gold has sored this was the start of our down turn.