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Wrong Path

Title:

Wrong Path

Published: Wed, 11 Nov 2009

Description: Is the US following Japan's financial lead?

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Automatically Generated Transcript (may not be 100% accurate)

" All the way over to Aberdeen Scotland mark hello mark welcome -- on the times of the jugular RU listening on the unit on the Internet era."

" Yet I am hi Tom kite and duke ring yet my outlook continued on into tiny talked about. Treasury kind of boring in mountain entry because he's found that he is complementary to UK. We borrow -- expand to -- ultimate package. And Paul hasn't led to Leno wants saucepan and I'm passionate and local law."

" Yeah you're going to be -- You're gonna be at 200%. Of your national law GDP and within three years."

" I'm growing not treasure our treasury has almost been exhausted. How credit credit credit ratings in either case easy peaceful almost unbelievable. Well most people -- on -- And because of this -- up on multiple walls and so people -- pain. Up until the president -- day -- taxes are believable. And ten different people have printed money. But they can -- the public is within a point. Money -- quantitative easing back to public possible just speed channel sophisticated Tamba. Who really do but do we have thank you Monahan. And it."

" Don't tell me about tell me about inflation is -- started to show up yet mark."

" Will he navigate the US is pregnant. House to house in bound to housing is typically not. I think growth companies. If you were negligent if you I don't know about. Creep in and gradually it is growing. But who do want to hear me most is to put it in one going to. Don't maternity UK where we had like one out of courtesy. Like to -- the policies he decrease of an illness that now you have like to welcome back to and they don't want the print is irrelevant to neglected and -- style and analog digital to do it gradually. So that each cut it -- 22 pounds and politics politics and -- still has different cents. So it is unbelievable. And I actually -- capitals to petroleum council. And asked about. It 5000 pounds and now --"

" That's -- inhabited it has to be paid by somebody. Or they have to default one of the two."

" He has spent but what is happening is it is a huge debate now. Actually happened on two counts because the pound is going down to talent on do we trying to you initially going to Europe they each -- now oh. You know we signed in the eastern treaty had an idea that it didn't tie either ratify the treaty. No amount won't be that department use case. Do we up -- an account not only. Who practice I -- investment treaty. We have found kind of pounced on -- funeral. Now if we have increased -- two year old world listing -- problem -- out of the major financial problem. Will increase to stop under a pound -- wins here it's kind of problem. Gordon Brown this. Is no different than President Obama. Quote personal bottom line is do exactly distinctive color to brown confidant. Do -- stimulus package and."

" Or that are there all we'll all know it does it doesn't work all three of them. Britain Japan and the United States are all going to on the same -- Japan is -- ahead of Great Britain Great Britain is behind. Japan but ahead of the United States but were following the same exact course. And you gotta go for twenty years folks they've tried the same thing. Over and over and over and it hasn't helped mark I I appreciate the call from Scotland thank you very much."

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