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Gold Price Trend Forecast Summer 2019

London 2012 Britain's Security and Transport Disaster Olympics

Politics / UK Politics Jul 20, 2012 - 01:00 AM GMT

By: Nadeem_Walayat

Politics

Best Financial Markets Analysis ArticleThe London 2012 Olympics reeks of seriously poor planning and management as virtually anything that can go wrong is going wrong, and this is even before the Olympics have even begun, we have had string after string of disastrous announcements as illustrated by the chaos surrounding G4S that was supposedly to oversee security for the whole Olympics who at the last count will be lucky to have half the security personal ready (if they bother to turn up for work). This has prompted another panic amongst the government to pull in another 3,000 troops to meet and greet peoples from around the world, where whilst some of whom will feel at home being under military occupation, most however will be shocked at the level of military presence.


The latest crisis to hit the Olympics is multiple threats of strike action from the likes of Home office Border staff at Heathrow and Train drivers black mailing the government with strike action unless they make payments just as they have been forced to do for a whole string of public sector workers over the past few weeks for doing jobs they are already being paid to do. So, what's next ? Will Soldiers be driving trains and manning Heathrow Airport Border desks as well ?

The whole run up to the London OLympics 2012 breaks the myth that Brit's continue to cling to that we are somehow better than global completion in many respects, when the truth is being revealed day by day that Britain is well along path towards becoming a banana republic in every respect. Even the roads are not working properly with the virtual Heathrow artery, the M4 motorway closed because the bridge work is literally falling apart.

The icing on the cake for 2012 will be if we go through another June of near relentless rain fail during the Olympics. At best all Britain can hope for is that the Olympics 2012 won;t be remembered for one big disaster as many little disasters will be more easily forgotten. However one of the worst case scenarios is that London literally comes to a standstill with traffic unable to move at all for first hours, then days. Yes, it is highly likely that there will be a number of instances where athletes have missed events due to traffic problems or that events have been delayed whilst athletes are flown in on police helicopters.

I think many visitors to London Olympics 2012 will be greatly disappointed in what this once great city has become, a cesspit in every respect from the Bankster elite to the hoards of romanian pick pockets that are converging from across the continent, let alone the ever present threat of revenge terror attacks for a long list of illegal wars as the easily brainwashed cannon fodder swallow hook line and sinker promises of 40 or more virgin brides, not helped by the fact that those in charge of security are clearly incompetent, right from government ministers downwards.

Financially, the £10 billion+ wasted on the Olympics could be straw that breaks bankrupt Britians back as it is financed by money printed by the Bank of England to finance government expenditure by buying government bonds (via the bankrupt banks).

There is only one hope, that it stops RAINING!

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2012 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of three ebook's - The Inflation Mega-Trend; The Interest Rate Mega-Trend and The Stocks Stealth Bull Market Update 2011 that can be downloaded for Free.

Stocks Stealth Bull Market Ebook DownloadThe Interest Rate Mega-Trend Ebook DownloadThe Inflation Mega-Trend Ebook Download

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Simon
20 Jul 12, 10:05
Re: Summer Sun

'There is only one hope, that it stops RAINING!' - LOL, so true Nadeem, just what I've been thinking. If/when the summer sun appears, I for one - will be as happy a a sand boy!


alfred warschauer
20 Jul 12, 15:20
UK Olmypics Bronze Medal Target

Nadeem

Do not worry you will soon feel better about your lot once you hear that someone that you have never heard of and will have forgotten about within a couple of weeks has won a bronze medal for Britain with his air rifle or whatever


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