Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Learn to Spot Reliable Trading Setups: ANY Market, Any Market Time Frame - 21st Oct 19
How To Secure A Debt Consolidation Loan Even If You Have A Bad Credit Rating - 21st Oct 19
Kids Teepee Tent Fun from Amazon by Lavievert Review - 15% Discount! - 21st Oct 19
Stock Market Stalls: Caution Ahead - 21st Oct 19
Stock Market Crash Setup? - 21st Oct 19
More Stock Market Congestion (Distribution) - 21st Oct 19
Revisiting “Black Monday Stock Market Crash October 19 1987 - 21st Oct 19
Land Rover Discovery Sports Out of Warranty Top Money Saving Tips - 21st Oct 19
Investing lessons from the 1987 Stock Market Crash From Who Beat it - 20th Oct 19
Trade Wars: Facts And Fallacies - 20th Oct 19
The Gold Stocks Correction and What Lays Ahead - 19th Oct 19
Gold during Global Monetary Ease - 19th Oct 19
US Treasury Bonds Pause Near Resistance Before The Next Rally - 18th Oct 19
The Biggest Housing Boom in US History Has Just Begun - 18th Oct 19
British Pound Brexit Chaos GBP Trend Forecast - 18th Oct 19
Stocks Don’t Care About Trump Impeachment - 17th Oct 19
Currencies Show A Shift to Safety And Maturity – What Does It Mean? - 17th Oct 19
Stock Market Future Projected Cycles - 17th Oct 19
Weekly SPX & Gold Price Cycle Report - 17th Oct 19
What Makes United Markets Capital Different From Other Online Brokers? - 17th Oct 19
Stock Market Dow Long-term Trend Analysis - 16th Oct 19
This Is Not a Money Printing Press - 16th Oct 19
Online Casino Operator LeoVegas is Optimistic about the Future - 16th Oct 19
Stock Market Dow Elliott Wave Analysis Forecast - Video - 16th Oct 19
$100 Silver Has Come And Gone - 16th Oct 19
Stock Market Roll Over Risk to New highs in S&P 500 - 16th Oct 19
10 Best Trading Schools and Courses for Students - 16th Oct 19
Dow Stock Market Short-term Trend Analysis - 15th Oct 19
The Many Aligning Signals in Gold - 15th Oct 19
Market Action Suggests Downside in Precious Metals - 15th Oct 19
US Major Stock Market Indexes Retest Critical Price Channel Resistance - 15th Oct 19
“Baghad Jerome” Powell Denies the Fed Is Using Financial Crisis Tools - 15th Oct 19
British Pound GBP Trend Analysis - 14th Oct 19
A Guide to Financing Your Next Car - 14th Oct 19
America's Ruling Class - Underestimating Them & Overestimating Us - 14th Oct 19
Stock Market Range Bound - 14th Oct 19
Gold, Silver Bonds - Inflation in the Offing? - 14th Oct 19
East-West Trade War: Never Take a Knife to a Gunfight - 14th Oct 19
Consider Precious Metals for Insurance First, Profit Second... - 14th Oct 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

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


Post Comment

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

6 Critical Money Making Rules