Britain and the Coming Sovereign Debt Crisis

One of the best blogs on economy is Mish Shedlock's MISH'S Global EconomicTrend Analysis and todays entry is illuminating on the subject of the looming sovereign debt crisis:

Sovereign Debt Crisis Coming As Recovery Stalls

Britain is an economic basket-case. It is vital for Scotland's future that you preach independence and a way out of the mess that we're in. Some will tell you that independence is not relevant right now. Don't be fooled out of your wealth - there has never been a better time to urge independence! And it is certainly more relevant than a lot of dubious and populist legislative proposals doing the rounds.

Anyway, given the pervasive lack of understanding about Britain's actual economy here is a video that has a look at economy without being hoodwinked by all the propaganda that's going on. It's one of my favourite shows and I thought it would be useful: