Unlike Athens and Bejing , A profitable Olympics can be achieved .

[Carygrant]

Athens and Bejing were disasters from a financial and legacy point of view and the fact that China can "afford" such a verdict is neither here or there .
It is early days but it seems London is and will be a remarkable success
Read more via link .
The associated qualitative benefits have been stupendous -- for a time silly party politics have evaporated --- Americans please note . Obviously this has been made very easy due to the tremendous success Team GB has achieved --- most successful performance by any country and by a considerable margin on a pro rated basis .
An enormous slum area of East London has been rebuilt and something over 100,000 homes have been built -- a towering legacy . And , for once , we know in advance that all of the facilities created in London and elsewhere have "legacy"at their roots --- continued use by people -- be they sports players or a spectating public .
Which is why sensible British are proud and pleased with the project and at so many levels
Let us hope that Rio thinks and develops along similar lines for 2016.




http://uk.finance.yahoo.com/news/how-much-money-does-the-olympics-make.html

[URF8]

British pride is a curious phenomenon. It is both self-serving and ephemeral.

[MMC]

British pride is a curious phenomenon. It is both self-serving and ephemeral.

Well at least to one who talks to all those Former Subjects of the Former Empire of the World. Seems Americans are not the real culprit when it comes to those who believe they are Noble and Royal and liked to try to throw that weight around.

Fortunately it took some with a backbone to stand up to them. Then when the Brits decided to cry it was over the fact that we didn't go by their Rules anymore. We went by our own. We didnt play Fair and gentlemanly like.

To bad we didnt have Homey the Clown back then. Cuz if we did.....he surely would have slapped them upside their head, while emphasizing the Point. " HOMEY " don't play that. :laugh:

[Carygrant]

British pride is a curious phenomenon. It is both self-serving and ephemeral.


When you say ephemeral , how many hundreds of years do you have in mind ?

[Carygrant]

Well at least to one who talks to all those Former Subjects of the Former Empire of the World. Seems Americans are not the real culprit when it comes to those who believe they are Noble and Royal and liked to try to throw that weight around.

Fortunately it took some with a backbone to stand up to them. Then when the Brits decided to cry it was over the fact that we didn't go by their Rules anymore. We went by our own. We didnt play Fair and gentlemanly like.

To bad we didnt have Homey the Clown back then. Cuz if we did.....he surely would have slapped them upside their head, while emphasizing the Point. " HOMEY " don't play that. :laugh:


But if you talk to the shakers and breakers you will be told how key the British still are -- true warfare has switched from sheer muscle power to controlling minds and playing an elite role in the new Order .
That's where you will find us .

It's perhaps instructive to watch the Olympics in that light --- Team GB outperforming , pro rata , a very weak US .By something like 400%

[MMC]

But if you talk to the shakers and breakers you will be told how key the British still are -- true warfare has switched from sheer muscle power to controlling minds and playing an elite role in the new Order .
That's where you will find us .


Unfortunatley the real shakers and breakers are the ones with the money. Which the UK has very little of. Course most of these nation States are being shown this by those Corporations and the Power of Capitalism. Hence seeing all those Credit down-grades forced upon Countries.

Let me ask you this.....Did you think it was a Smart move by the Brits to sell the London Stock Market to Deutsche Morse/Bank? Also since now that the theory your politicans had on raising your Capital Gains Tax didn't stop the hyper-inflation you guys are experiencing. Do you actually think that if forced to pay for your defense. That there will be any way that the Brits will gain control of their spending, and change up their ability to get involved into everybody else's buisness? When clearly most of things out there are not the UK buisness in the first place.

Clearly just a little island all unto itself in the big picture of things. Money wise ESPECIALLY!

[Carygrant]

What is happening to you ?
1. Shakers and Breakers do not live in Government . Their relationship with Sovereign debt hovers around the zero mark .
2. On which planet did Deutsche bank acquire the LSE ? That specific bank is one that I have followed in detail for the last decade , believing its links to Moscow and organised Crime Groups are huge . When the global banks go under , Deutsche will be one of the first to go despite German and Federal Reserve historical support on at least two occasions in the last 4 years .
3.On which planet did you dream the UK had hyper inflation . It is above optimistic forecasts dating back two years of 2% , but is currently around the 3% mark .
There will be inflation in the next two years and even hyper inflation . The most likely most serious sufferer will be yourselves if you look at key Guru scenario forecasters -- which is one of my many hobbies .

4. Perhaps the most remarkable thought in your post is the reference to a country getting involved in more than it can handle financially in other places .
Coming from an American that is high on hysterical laughter and low on sanity .
A country going under with over £100 trillion of debt and obligations and about to lose world currency status .
Is this absolute nonsense the line you are being fed in the US or are you simply trying to spoof ?
If the former , it is a further disaster for you

[Peter1469]

I will wait and see what sort of profit the UK makes off the Olympics. I have heard from people there that few visitors are shopping at the local shops. What is the deal with the 100K new homes? Was this to compensate for removing homes to make room for the Olympics? Is this low income housing? Our experience in America is that low income housing gets trashed pretty fast.

[MMC]

What is happening to you ?
1. Shakers and Breakers do not live in Government . Their relationship with Sovereign debt hovers around the zero mark .
2. On which planet did Deutsche bank acquire the LSE ? That specific bank is one that I have followed in detail for the last decade , believing its links to Moscow and organised Crime Groups are huge . When the global banks go under , Deutsche will be one of the first to go despite German and Federal Reserve historical support on at least two occasions in the last 4 years .
3.On which planet did you dream the UK had hyper inflation . It is above optimistic forecasts dating back two years of 2% , but is currently around the 3% mark .
There will be inflation in the next two years and even hyper inflation . The most likely most serious sufferer will be yourselves if you look at key Guru scenario forecasters -- which is one of my many hobbies .

4. Perhaps the most remarkable thought in your post is the reference to a country getting involved in more than it can handle financially in other places .
Coming from an American that is high on hysterical laughter and low on sanity .
A country going under with over £100 trillion of debt and obligations and about to lose world currency status .
Is this absolute nonsense the line you are being fed in the US or are you simply trying to spoof ?
If the former , it is a further disaster for you


Britain's Debt Problem Explained


Unfunded Pension Liabilities
Public Sector Net Debt
Northern Rock Nationalisation

Bradford and Bingley Nationalisation
Bank Capital Injections
Loans to Banks
Tax Cuts to Fight an Election
Total Real Debt

The total debt as illustrated by the below graph shows UK real Public Sector debt and liabilities rising from £1.5 trillion in 2007 to 2.1 trillion by the end of this year, 2.8 trillion 2009 end and 3.2 trillion by the end of 2010.

http://www.marketoracle.co.uk/images/2008/uk-real-debt-nov08.gif


Debt as a % of GDP

http://www.marketoracle.co.uk/images/2008/uk-real-debt-pcent-nov08.gif

So we know how They got there. :wink:

[MMC]

http://www.marketoracle.co.uk/images/2008/uk-housing-market-oct08.gif


http://www.marketoracle.co.uk/images/2008/British_pound-crash-2008-11a.gif

http://www.marketoracle.co.uk/images/2009/Sept/uk-inflation-forecast-2009-8.gif

http://www.marketoracle.co.uk/images/2009/Sept/uk-money-supply-m4-8-09.gif

http://www.marketoracle.co.uk/images/2009/Apr/uk-budget-deficit-forecast-2009.gif

:rollseyes:

[MMC]

http://www.marketoracle.co.uk/images/2009/Sept/uk-recession-gdp-sept09.gif

Deflationary Impact of Rising Unemployment

http://www.marketoracle.co.uk/images/2009/Aug/uk-unemployment-13-1.gif


UK House Prices Against Unemployment Trend Analysis

http://www.marketoracle.co.uk/images/2009/Aug/uk-house-prices-unemployment-aug09.gif

http://www.marketoracle.co.uk/images/2009/Aug/uk-house-prices-summer-bounce-2009-july.gif

[MMC]

The Bank of England’s obsession with stimulating the economy has set in motion a price rise spiral that will end in hyperinflation and wipe out British wealth.

Read more: http://www.thisismoney.co.uk/money/news/article-2045977/What-inflation-The-experts-fear-hyperinflation.html#ixzz22sLePTdP

[Carygrant]

I will wait and see what sort of profit the UK makes off the Olympics. I have heard from people there that few visitors are shopping at the local shops. What is the deal with the 100K new homes? Was this to compensate for removing homes to make room for the Olympics? Is this low income housing? Our experience in America is that low income housing gets trashed pretty fast.


More delusional misinformation .
The now Olympic area was a wasteland -- a dumping ground for rubbish .
The other detail observationa are garbage --- their relevance to this legacy project are zero .

[Carygrant]

The Bank of England’s obsession with stimulating the economy has set in motion a price rise spiral that will end in hyperinflation and wipe out British wealth.QUOTE



Tripe and Onions is the way we describe wild speculation that proves to be a nonsense . And your October 2011 link was precisely that when it was written . Now it would be ridiculed .
That you continue to use the term hyperinflation suggests you are deliberately making junk comments -- possibly because the most successful Olympics for Team GB is upsetting the US -- particularly as their performance outside of the pool has been terrible .

Take out the swimming and the UK totals are far ahead of the US .
In summary , your venture into making statements relating to UK finances and the economy is worthless . Plain silly .
Our economy is so bad that we retain our Triple A rating ---something the US and Germany cannot claim . You just cannot figure out how it is that things are going so badly with the US --- currency devaluation so great that the prospect of huge inflation is inevitable .
Instead you move into complete denial and flail around desperately looking for ways of concealing your own shortfalls .

[MMC]

Lloyds and RBS are 41 per cent and 83 per cent state-owned, respectively, after receiving billions of pounds in aid during the 2008 financial crisis.
Fitch also placed rival British bank Barclays on “rating watch negative,” signalling it too might be downgraded, citing exposure to volatile, market-sensitive business activities.

RBS and Lloyds shares were down 3.8 per cent and 2.5 per cent respectively, underperforming a 0.8 per cent decline in the FTSE 100 share index.

http://www.theglobeandmail.com/report-on-business/international-business/fitch-downgrades-lloyds-rbs-credit-ratings/article557084/

(Reuters) - Britain's top finance officials have played down the importance of the country's top-notch credit rating, which could be pressured as the government struggles to achieve its deficit cutting aims with the country stuck in recession.

Analysts saw Alexander's remarks as an attempt by the government to soften the impact of a possible downgrade as a recession is hitting tax receipts, making it harder for the government to reach its deficit targets.

The other main rating agencies, Moody's Investors Service and Fitch Ratings, also have Britain at AAA but with a negative outlook, warning the country could be downgraded in the next couple of years if the government relaxes its fiscal stance.....snip~

http://uk.reuters.com/article/2012/08/06/uk-britain-rating-idUKBRE8750EM20120806?feedType=RSS&feedName=businessNews

Lets see Moodys and Fitch already have them on Negative Watch. Plus we will see the final tally after the Games to see if the UK even stayed out of the Red with the Olympics. :rollseyes:

[Carygrant]

Of course we are now on Negative Watch --- there is not one global Bank based in the US or EU that is not .The ones to worry about are those just sliding down the waste pipe and bleeding profusely .
Their dealings are so inter related any other sovereign position is impossible . Nevertheless , the current UK position is that we retain the triple A , even though I would be very surprised if that was true this time next year . Which is why our guys are smart enough to be realistic in their forecasts .
But by then Bank of America and J.P. Morgan could be effectively in China's grasp !!
It is crazy --- repeating a basic tenet --- to imagine that we can outperform the US and EU when the vast bulk of our trade is tied to them and they are in huge troubles themselves .
Anybody achieving zero growth but no retraction will be in Gold Medal land , which is why you will see the Bank of England reduce our short term growth forecast to zero , or very close to it--- later today .
They will forecast end of year inflation at around 2% which once more strangles your view that we are living in hyper inflation --- 2.4% last month .
The US outlook is grim and is exactly reflected in your Olympics medal performance . It is not beyond the realms of possibility that our end gold tally will virtually match yours . Humiliating .The whole of your BoxingTeam return in disgrace with not one medal between them . We are guaranteed minimum bronze in five divisions from our total men's team of seven .How could that come about --- and it is repeated in several other disciplines ?
Perhaps we could apply our training methods to your economy ?

[MMC]

I think you will see some of the financial problems solved once liberaldumb is no longer in Control of the US. Either way when one looks at that global thingy. Both our Countries have the similar problems when it comes to those and their runaway spending and entitlements. Naturally England sits more favorable in the aspect of having less population to deal with. Although when the UK starts paying for it's defense and has to start pumping money into it's own azz just to protect it's own azz. I think you will see those Numbers Change Drastically with your economy. Because lets face it.....one day. The US and the American People will demand that we quit playing Policeman of the World.

As to the Olympics and their Games.....Truly I don't have any problem with the UK winning some Amatuer Sporting Events. :rollseyes: It just helps you when have to step up with the Real Professionals. As in Boxing, MMA, or any of the other Physical Sports known for competiton. Then the Winters Games will come round. Wherein the UK's Bell gets Tolled. As Always! You didn't think Americans were thinking about those Winter games, did you? :laugh:

[Carygrant]

Looking at budgets for comparison purposes does not depend on total population size . The key is spending per head of population .
We are fortunate that we have fewer enemies than the US -- it means we have financial options and are not bound to spend in the wasteful way you do .
All we need pragmatically are three nuclear submarines and a radio to give out terms for surrender .

We basically take very little interest in the Winter Games .
They are for strange people who choose to live or play sport in places which are freezing cold .
Not the obvious behaviour of sane people .
Where I live , we basically have no snow and much prefer to see foreigners slipping over in it .
Instead , we play the Beautiful Game and some play Rugby and Hockey .
We then all retire to warm , inviting pubs to laugh at less fortunates.
:rollseyes:

[MMC]

Looking at budgets for comparison purposes does not depend on total population size . The key is spending per head of population .
We are fortunate that we have fewer enemies than the US -- it means we have financial options and are not bound to spend in the wasteful way you do .
All we need pragmatically are three nuclear submarines and a radio to give out terms for surrender .

We basically take very little interest in the Winter Games .
They are for strange people who choose to live or play sport in places which are freezing cold .
Not the obvious behaviour of sane people .
Where I live , we basically have no snow and much prefer to see foreigners slipping over in it .
Instead , we play the Beautiful Game and some play Rugby and Hockey .
We then all retire to warm , inviting pubs to laugh at less fortunates.
:rollseyes:


:undecided: Either way.....myself, I would not be all into even the Winter Olympics. Though like you I prefer to come out of the cold and rather be sitting besides some fire having a drink. Course moreso with the Air of Perfume about and that which attracts the Eye.

http://searchweight.com/wp-content/uploads/2012/01/jane-seymour-3.jpg
Something I can SEYMOUR of. :wink: