Best of the Week
Most Popular
1. Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis- John_Mauldin
2.Bitcoin Parabolic Mania - Zeal_LLC
3.Bitcoin Doesn’t Exist – 2 - Raul_I_Meijer
4.Best Time / Month of Year to BUY a USED Car is DECEMBER, UK Analysis - Nadeem_Walayat
5.Labour Sheffield City Council Election Panic Could Prompt Suspension of Tree Felling's Private Security - N_Walayat
6.War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 - Stewart_Dougherty
7.How High Will Gold Go? - Harry_Dent
8.Bitcoin Doesn’t Exist – Forks and Mad Max - Raul_I_Meijer
9.UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall - GoldCore
10.New EU Rules For Cross-Border Cash, Gold Bullion Movements - GoldCore
Last 7 days
Pension Crisis And Deficit of £2.6 Billion At Carillion To Impact UK - 22nd Jan 18
Two Factors for Gold That You Don’t Want to Miss - 22nd Jan 18
Why You Must Own Silver in 2018 - 22nd Jan 18
This Could Be The Hottest Mining Stock Of 2018 - 22nd Jan 18
Stock Index Trend Trade Setups for the SP500 & NASDAQ - 22nd Jan 18
Stock Market Deceleration / Distribution - 22nd Jan 18
US Markets vs Govt Shutdown: Stock Markets at all time highs - 22nd Jan 18
Land Rover Discovery Sport - 1 Month Driving Test Review - 22nd Jan 18
Why should you use high-quality YouTube to mp3 converter? - 22nd Jan 18
Silver As Strategic Metal: Why Its Price Will Soar - 21st Jan 18
Stocks, Gold and Interest Rates Three Amigos Ride On - 21st Jan 18
Why Sometimes, "Beating the S&P 500" Isn't Good Enough - 21st Jan 18
Bunnies and Geckos of Sheffield Street Tree Fellings Protests Explained - 21st Jan 18
Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn… - 20th Jan 18
Macro Trend Changes for Gold in 2018 and Beyond - Empire Club of Canada - 20th Jan 18
Top 5 Trader Information Sources for Timely, Successful Investing - 20th Jan 18
Bond Market Bear Creating Gold Bull Market - 19th Jan 18
Gold Stocks GDX $25 Breakout on Earnings - 19th Jan 18
SPX is Higher But No Breakout - 19th Jan 18
Game Changer for Bitcoin - 19th Jan 18
Upside Risk for Gold in 2018 - 19th Jan 18
Money Minute - A 60-second snapshot of the UK Economy - 19th Jan 18
Discovery Sport Real MPG Fuel Economy Vs Land Rover 53.3 MPG Sales Pitch - 19th Jan 18
For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage - 19th Jan 18
5 Maps And Charts That Predict Geopolitical Trends In 2018 - 19th Jan 18
North Korean Quagmire: Part 2. Bombing, Nuclear Threats, and Resolution - 19th Jan 18
Complete Guide On Forex Trading Market - 19th Jan 18
Bitcoin Crash Sees Flight To Physical Gold Coins and Bars - 18th Jan 18
The Interest Rates Are What Matter In This Market - 18th Jan 18
Crude Oil Sweat, Blood and Tears - 18th Jan 18
Land Rover Discovery Sport - Week 3 HSE Black Test Review - 18th Jan 18
The North Korea Quagmire: Part 1, A Contest of Colonialism and Communism - 18th Jan 18
Understand Currency Trade and Make Plenty of Money - 18th Jan 18
Bitcoin Price Crash Below $10,000. What's Next? We have answers… - 18th Jan 18
How to Trade Gold During Second Half of January, Daily Cycle Prediction - 18th Jan 18
More U.S. States Are Knocking Down Gold & Silver Barriers - 18th Jan 18
5 Economic Predictions for 2018 - 18th Jan 18
Land Rover Discovery Sport - What You Need to Know Before Buying - Owning Week 2 - 17th Jan 18
Bitcoin and Stock Prices, Both Symptoms of Speculative Extremes! - 17th Jan 18
So That’s What Stock Market Volatility Looks Like - 17th Jan 18
Tips On Choosing the Right Forex Dealer - 17th Jan 18
Crude Oil is Starting 2018 Strong but there's Undeniable Risk to the Downside - 16th Jan 18
SPX, NDX, INDU and RUT Stock Indices all at Resistance Levels - 16th Jan 18
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” - 16th Jan 18
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... - 16th Jan 18
Artificial Intelligence - Extermination of Humanity - 16th Jan 18
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities - 15th Jan 18
What Really Happens in Iran?  - 15th Jan 18
Stock Market Near an Intermediate Top? - 15th Jan 18
The Key Economic Indicator You Should Watch in 2018 - 15th Jan 18
London Property Market Crash Looms As Prices Drop To 2 1/2 Year Low - 15th Jan 18
Some Fascinating Stock Market Fibonacci Relationships... - 15th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

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

© 2005-2018 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


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules