Financial Crisis

oilslick · Post by **oilslick** » 07 Jan 2009, 08:35

biffvernon wrote:But only the Chancelor of the Exchequor / Prime Minister of one little nation off the west coast of Europe. The situation is global.

No offence but you seem to have been totally taken in by them.

Global my arse. Does that mean the leaders of Iceland should be let off for letting their country be ruined? Could they have done something to stop it? I'm sure they had plenty of opportunities but were doing very well from it so didn't bother.

GB, as an individual, can take more blame than any other human in this country. Had he really been prudent we would just be in big trouble but because he borrowed and lied, borrowed and lied, we now face total wipe out. Just look at that graph - all that borrowing supposedly during a boom - it was all a smoke screen so he could look good enough to hang around to be PM. He is totally evil and will do whatever it takes to try and keep power. Utter disgrace, I hope when it's all over he ends up getting locked up with TB.

DominicJ · Post by **DominicJ** » 07 Jan 2009, 08:59

http://www.marketoracle.co.uk/Article8080.html

Theres a graph about half way down showing the real debt of the UK Government.
Sadly it doesnt go back beyond 2005, I have asked for one that does.
He's normaly quite accomadating in that respect.

biffvernon · Post by **biffvernon** » 07 Jan 2009, 11:19

oilslick wrote:No offence but you seem to have been totally taken in by them.

None taken, but no, I don't think I've been taken in. Brown was working within a paradigm that required the Chancellor/PM to act as he did. Had we had a differnt Chancellor/PM from either Labour or Conservative (and probalbly Liberal too) he/she would have done something similar - just like most of the other political leaders round the world. The Dalai Lama or the King of Bhutan may have acted differently but, sadly, they weren't on the shortlist for the job.

It's just too easy to blame the incumbant PM for problems that are endemic to the way our society and its financial system are structured.

It might be better to pretend that all the problems are the fault of a goat (though not better for the goat).

oilslick · Post by **oilslick** » 07 Jan 2009, 11:38

biffvernon wrote:
oilslick wrote:No offence but you seem to have been totally taken in by them.
None taken, but no, I don't think I've been taken in. Brown was working within a paradigm that required the Chancellor/PM to act as he did. Had we had a differnt Chancellor/PM from either Labour or Conservative (and probalbly Liberal too) he/she would have done something similar - just like most of the other political leaders round the world. The Dalai Lama or the King of Bhutan may have acted differently but, sadly, they weren't on the shortlist for the job.

It's just too easy to blame the incumbant PM for problems that are endemic to the way our society and its financial system are structured.

It might be better to pretend that all the problems are the fault of a goat (though not better for the goat).

Oh come on...he's in charge of the government. He willfully pumped this thing up at every opportunity. I can only think you don't realise what a bad position this country particularly is in.

He was warned by people like the IMF, Vince Cable and many others and generally chose to try and ridicule them.

He is extremely dangerous. I'm not saying the Tories would have done much better but it's pretty irrelevant. If my company goes bust that's my fault unless it's because a meteor hit the building. This was all foreseeable and they should have foreseen it - I bloody did so they should have.

He spent 10 years telling how wonderful he was and how he alone was responsible for the good times...now we find out it was a fraud and it's all the Americans or the bankers fault.

DominicJ · Post by **DominicJ** » 07 Jan 2009, 11:53

It's just too easy to blame the incumbant PM for problems that are endemic to the way our society and its financial system are structured.

Thats odd, you see, Brown completely changed the structure of our financial system.
He created the FSA
The FSA has failed utterly.
When Norther Rock was going under, Brown quite literaly disappeared for three weeks and the FSA stopped answering its phones, leaving the BoE to deal with it.
The BoE had no idea what was going on, because Browns new system denied them information they used to have.

Had we had a differnt Chancellor/PM from either Labour or Conservative (and probalbly Liberal too) he/she would have done something similar - just like most of the other political leaders round the world.

Vince cable and John Redwood have been blogging for years that we are walking into a disaster, so if any of the other two had been in power, we wouldnt be here.

chrisc · Post by **chrisc** » 07 Jan 2009, 12:37

DominicJ wrote:Vince cable and John Redwood have been blogging for years that we are walking into a disaster, so if any of the other two had been in power, we wouldnt be here.

You are essentially a Tory Troll...

oilslick · Post by **oilslick** » 07 Jan 2009, 12:40

chrisc wrote:
DominicJ wrote:Vince cable and John Redwood have been blogging for years that we are walking into a disaster, so if any of the other two had been in power, we wouldnt be here.
You are essentially a Tory Troll...

How do you come to that viewpoint?

snow hope · Post by **snow hope** » 07 Jan 2009, 12:43

I agree generally with Oilslick and even DomincJ in this instance!

Brown sold half the UK's Gold off in the late 90s and early 2000s when it was at rock-bottom prices.

http://www.timesonline.co.uk/tol/news/p ... 654931.ece

He also abolished the pension tax dividend rules in 1997 that played a major part in the downfall of the UK Pension industry over the last decade.

http://www.telegraph.co.uk/news/uknews/ ... laims.html

Then he had the gall to tell us repeatedly in his smug manner that he had done away with Boom/Bust Britain. Huh!

http://www.independent.co.uk/news/busin ... 88576.html

http://www.power-to-the-people.co.uk/20 ... tory-boom/

Just some random links from Google that confirms what that man has done!

DominicJ · Post by **DominicJ** » 07 Jan 2009, 13:00

ChrisC
Vince Cable is a lib dem...

oilslick · Post by **oilslick** » 07 Jan 2009, 13:09

DominicJ wrote:ChrisC
Vince Cable is a lib dem...

Lib Dem Tory Troll

Andy Hunt · Post by **Andy Hunt** » 07 Jan 2009, 13:16

oilslick wrote:
DominicJ wrote:ChrisC
Vince Cable is a lib dem...
Lib Dem Tory Troll

Well that would be one way to win the next election I suppose!

RevdTess · Post by **RevdTess** » 07 Jan 2009, 13:16

Now that the Tories are pledging to abolish tax on savings interest for standard rate taxpayers, I might be forced to vote for them! If my city job goes away and i take a lower paid job in something worthwhile, , an extra 20% interest on savings would be a lifeline! I've always thought it was unfair to be taxed on both my income and then on my savings interest as well.

Still I'd feel queasy voting Tory.

JohnB - the tory plans on savings would be a godsend for you! You'd probably earn £000s more a year in savings!

Andy Hunt · Post by **Andy Hunt** » 07 Jan 2009, 13:17

Tess wrote:JohnB - the tory plans on savings would be a godsend for you! You'd probably earn £000s more a year in savings!

Interesting use of the word 'earn' . . .

skeptik · Post by **skeptik** » 07 Jan 2009, 13:22

Andy Hunt wrote:
Tess wrote:JohnB - the tory plans on savings would be a godsend for you! You'd probably earn £000s more a year in savings!
Interesting use of the word 'earn' . . .

Yes.. its what the rentier class calls 'working for a living'

RevdTess · Post by **RevdTess** » 07 Jan 2009, 13:24

Andy Hunt wrote:
Tess wrote:JohnB - the tory plans on savings would be a godsend for you! You'd probably earn £000s more a year in savings!
Interesting use of the word 'earn' . . .

Think of it as 'residual income' for work performed earlier in life. Like being a writer or a musician.

Of course there are many who are earning residual income for work performed by their ancestors rather than themselves. That's another issue.

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Financial Crisis

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