MercoPress. South Atlantic News Agency

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  Fido Dido

  “Brazil remains low – at around 3% of GDP. The equivalent figure for the UK is 80% of GDP”
  
  Not to mention, defaults on mortgages in the UK is rising even if you don't count the sub-primers that already defaulted. Sub-prime = NINJA loans to people with no income, no job, nor assests and bad creditors. That system doesn't exist in Latin America where getting a mortgage loan isn't easy at all (what is good, because owning a house isn't for everybody if you do your homework and use common sense).
  
  http://business.ukplurk.com/2011/03/fears-of-housing-timebomb-as-mortgage.html

  May 27th, 2011 - 07:02 pm - Link - Report abuse 0
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  Redhoyt

  Yeah, we are really, really broke ..... have been since the 14th Century in fact! Still, we seem to get by :-)

  May 28th, 2011 - 03:21 am - Link - Report abuse 0
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  Fido Dido

  Sure Red, life goes on.
  
  Only problem is, they (Banksters with their friends in the government) will come with more Austerity Measurements, to squeeze you all out (will get worse here in the US too, plus in Holland) and then I hope the Brits won't fall asleep and think “ahh, we'll be fine...whatever”.

  May 28th, 2011 - 04:04 am - Link - Report abuse 0
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  Redhoyt

  By a strange coincidence it was the Dutch who helped us put our debt problem onto a firmer footing back in the 1690's. It became known as the national debt and we've had it ever since ..... amazing what you can achieve on promises.
  
  And we WILL be fine :-))

  May 28th, 2011 - 06:22 am - Link - Report abuse 0
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  Fido Dido

  Of course Red, the more Brits think like that, the better...:D

  May 28th, 2011 - 03:59 pm - Link - Report abuse 0
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