In reply to Post #1079
Agree
Maybe we should call our debts in from Europe too. Quite a few years ago now I read we were owed trillions!
Agree
Maybe we should call our debts in from Europe too. Quite a few years ago now I read we were owed trillions!
In reply to Post #1078
Previous government's have been pilloried for borrowing, after world events turned against the UK. Didn't fix the roof when the sun was shining was a favorite phrase. Well it's been a decade to fix that roof and its pissing in more than ever now the sun's not shining.
Previous government's have been pilloried for borrowing, after world events turned against the UK. Didn't fix the roof when the sun was shining was a favorite phrase. Well it's been a decade to fix that roof and its pissing in more than ever now the sun's not shining.
In reply to Post #1082
Like the analogy
Like the analogy
In reply to Post #1077
The more I read of this the more dumb I felt!
Good job I don't teach economics...
Did get me thinking though. Are we on a slippery slope? My basic (very) understanding of QE is that, as more money is released into the system, the overall value of the individual parts (let's say a 5 pound note as an example) is decreased. Money has value because of its scarcity. So more bits of money about devalues all of it. (I realise it's less of a physical process now and more numbers on screens)
So... this in mind, if I had £1000 savings in January, ignoring interest etc., it's now worth less due to QE. Now this is the same for everyone, so we don't necessarily notice until it comes to trade etc.
Then I started to think about Germany and hyperinflation and those 50,000 mark notes that were worth less than the paper they were printed on (slight exaggeration there). Are we headed that way?
God my brain hurts now. It was much simpler when banking was just my little tsb school bank paying in book...
The more I read of this the more dumb I felt!
Good job I don't teach economics...
Did get me thinking though. Are we on a slippery slope? My basic (very) understanding of QE is that, as more money is released into the system, the overall value of the individual parts (let's say a 5 pound note as an example) is decreased. Money has value because of its scarcity. So more bits of money about devalues all of it. (I realise it's less of a physical process now and more numbers on screens)
So... this in mind, if I had £1000 savings in January, ignoring interest etc., it's now worth less due to QE. Now this is the same for everyone, so we don't necessarily notice until it comes to trade etc.
Then I started to think about Germany and hyperinflation and those 50,000 mark notes that were worth less than the paper they were printed on (slight exaggeration there). Are we headed that way?
God my brain hurts now. It was much simpler when banking was just my little tsb school bank paying in book...
In reply to Post #1079
No but guess who sold off all the countries assets... those good old Tories
Sure that was part of being in the E.U......
No but guess who sold off all the countries assets... those good old Tories
Sure that was part of being in the E.U......
In reply to Post #1085
Imagine if for once you provided any evidence to your wild claims
Imagine if for once you provided any evidence to your wild claims
In reply to Post #1079
Rather than actually selling them and distributing/pocketing the proceeds, didn't they just allow local councils to sell them off and use the funds to balance their books?
Those unnecessary road works, pedestrian area ‘upgrades' and street dance workshops don't pay for themselves!
Development of the buildings sold off may have made a few of the wink wink nudge nudge brigade miwwions, but it also kept the families of the labour fed.... every cloud
It's just a way to wash the money, it still goes back to the man but with a few skims on the way
Rather than actually selling them and distributing/pocketing the proceeds, didn't they just allow local councils to sell them off and use the funds to balance their books?
Those unnecessary road works, pedestrian area ‘upgrades' and street dance workshops don't pay for themselves!
Development of the buildings sold off may have made a few of the wink wink nudge nudge brigade miwwions, but it also kept the families of the labour fed.... every cloud
It's just a way to wash the money, it still goes back to the man but with a few skims on the way
In reply to Post #1087
Local councils sold BT, water, electricity, railways, etc ??
Local councils sold BT, water, electricity, railways, etc ??
In reply to Post #1088
The ones you've listed were just our services that got sold down the river for unearned income/shareholder profits. The big high tech, future money high quality job industries get snaffled up and off shored all the time. British short termism to cash out is a well known affliction to the detriment of UK PLC as a whole. That's where the government have failed, they can block any deal. But as we've elected the most free market gang of MP's in memory ( whilst the rest of the world turns in on itself with more and more protectionism) you get what you voted for.
The ones you've listed were just our services that got sold down the river for unearned income/shareholder profits. The big high tech, future money high quality job industries get snaffled up and off shored all the time. British short termism to cash out is a well known affliction to the detriment of UK PLC as a whole. That's where the government have failed, they can block any deal. But as we've elected the most free market gang of MP's in memory ( whilst the rest of the world turns in on itself with more and more protectionism) you get what you voted for.
In reply to Post #1087
But those street dance workshops spawned a generation who can pull out a robot / moonwalk / worm at a wedding disco to delight the crowds so money well spent there eh?
But those street dance workshops spawned a generation who can pull out a robot / moonwalk / worm at a wedding disco to delight the crowds so money well spent there eh?
In reply to Post #1090
You know me mate, a world without street dance is not a world I want to be in
But to be fair a get together in the local town hall on a Wednesday is as far removed from street as you can get lol
don't get me started on political exploitation of a culture spawned from government negligence
You know me mate, a world without street dance is not a world I want to be in
But to be fair a get together in the local town hall on a Wednesday is as far removed from street as you can get lol
don't get me started on political exploitation of a culture spawned from government negligence
In reply to Post #1089
Rubbish
What a shower of *****
The very reason I will never, ever vote for the conservatives, ****s
And when that thick **** BJ comes up smelling of roses after all this crap. It could be a perfect opportunity to sell off the NHS
Rubbish
What a shower of *****
The very reason I will never, ever vote for the conservatives, ****s
And when that thick **** BJ comes up smelling of roses after all this crap. It could be a perfect opportunity to sell off the NHS
In reply to Post #1090
I'm betting noj attended said workshops...I met him once and he was dressed like Jessie from breaking bad 🤟
I'm betting noj attended said workshops...I met him once and he was dressed like Jessie from breaking bad 🤟
In reply to Post #1093
I was pop and lock main instructor and the local community centre
I was pop and lock main instructor and the local community centre
In reply to Post #1094
I've heard the pop and lock casting method you use is the reason you can whip a 2oz lead on a waggler rod 310yds
I've heard the pop and lock casting method you use is the reason you can whip a 2oz lead on a waggler rod 310yds