UK is broke

Quote from dandxg:

I guess you missed the part where Harper paid off the gypsies to go back to Eastern Europe. Plane ticket and 1k I think about 2 years back.
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1 million is an idiotic number
 
Quote from dandxg:

I guess you missed the part where Harper paid off the gypsies to go back to Eastern Europe. Plane ticket and 1k I think about 2 years back.
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Does this really work, or do they use the money to finance another family member's trip ?
 
Kensington and other West London suburbs used to be oases of tranquility and decency.
Not now though since the medium rich moved in, footballers, celebrities, oil money men etc. and other low life !!
 
The bosses let immigrants in because they have to work for less money on the shittier jobs, making more for the rich. They take the jobs off the low wage workers not off the bosses.
The unions should ban all immigrants but they sold out a long time ago to the rich and lost their muscle.

BTW wasn't it the sub prime mortgage crisis that started the financial problems ? And just where did that originate or should we suddenly get amnesia about those uncomfortable facts ?
 
Quote from sheda:

Not dumb at all, if the above happened it would impact those who own property all over the world, private jets and a world hidden away inside the one we call the norm a lot less than it would impact the average person. Sure they lose their paper net worth, while the people around you will be losing their homes and entire lives saving.

As I said, I love seeing what was written termed in such a way that its only bankers who have an issue, like this is wrong, thats wrong, and that, so banker are trying to do this, to save their rule!

I have seen it a lot on the internet..you may take into account the facts of the situation and are just focusing in on bankers, while others I have come across really, could not understand that the bankers would be eating from silver plates, while all the while they are reduced to scraps from the street gutter :lol:
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Lots of hyperbole, there. Middle and lower classes take a major haircut, and bankers get destroyed. That's the long and short of it. Yes, upper and elite classes (industrial and private wealth) are on the side of banker inflation, because their interests are mutually aligned. Depressions are no joy, for anyone. But they don't signal The End for the working class. That's the key, you overlook. Probably because you work in.around finance and hold an inflated opinion of yourself.

The problem with your line of reasoning is it assumes a false dichotomy - prosperous devaluation or catastrophic depression. The first (devaluation) is ultimately more ruinous than depression, because it destroys a currency's value. Hyperinflations/collapses bear the worst type of economic hardship on society. Depressions, while bleak and severe, reset the system by clearing out laborious debt-loads, that act as a mill-stone chained to the economies neck. The weak and stupid are destroyed. Moral hazard demands future prudence. The economy regains footing on solid ground, and real growth takes off, without destroying the currency's value. And with it, the real dollar savings of the people.
 
Most of the world's democracies are broke. Can they stagger through the current crisis and on to the next one remains to be seen.
Let's face it democrappy sucks and can't cope with modern problems and attracts people of little ability.
 
Lots of hyperbole, there. Middle and lower classes take a major haircut, and bankers get destroyed. That's the long and short of it. Yes, upper and elite classes (industrial and private wealth) are on the side of banker inflation, because their interests are mutually aligned. Depressions are no joy, for anyone. But they don't signal The End for the working class.
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You would be destroyed, I would be destroyed, every one you know would be destroyed, and god knows what political monster would appear from such a golden opportunity. But a banker may send you a postcard from the tropics.

That's the key, you overlook. Probably because you work in.around finance and hold an inflated opinion of yourself.
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Not quite, as I said I find it highly amusing when someone takes such a complex issue and waters it down to "da bankers iz trying to hyper inflate to save their paper wealth" as if this is something that only impacts the paper net worth of bankers, its not like its an issue so big it impacts the means by which food is put on the table for your family.

But hey maybe you can over look all of that from that high chair of yours, you have read a few economics books and hold an inflated opinion of yourself, after all as you have said..how can any one not understand?
 
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