An excellent rant

[suityou01]

Remember what Homer Simpson (wise man that he is) said.

"Never underestimate the power of stupid people in large numbers"

So, here's a scenario (explaining what this huge debt 'could' mean, and using the huge mortage £500 pd contract example given earlier)

Last decade Mr Greenspan created the Greenspan-Guidotti rule.

This rule basically describes the state a Country has to be in, to default.

The rationale is that countries should have enough reserves to resist a massive withdrawal of short term foreign capital.

Or in simpler terms, a Country should be able to pay off all it's foreign debts within 12 months. Considering the US for example has foreign debts of 3.5Trillion now, and is borrowing another 1.5Trillion for the year ahead it's goose is pretty much cooked. The UK is no better.

So using the contractor example. The mortgate is so huge that the £500 pd contract is not enough to service the debt and annual borrowing that exceeds twice the net work of the contract needs to be done just to keep up the repayments. Arguably a ridiculous place to get to, and no sane houseowner would do this, or if they did the neighbours would laugh when the got reposessed saying they were nouveau riche and heavily overspent and deserved all they got, eh Tarquin?

So our illustrious government did this to us, and we now teeter on the brink having just has a £16billion attic sale of national assets such as the dartford crossing just to try and stay afloat long enough to limp round to the general election.

Oh, and those stupid people in large numbers we should not underestimate? Well they won't understand Greenspan-Guidotti, nor will they care. It boils down to one thing, what is this folding money in my wallet worth because I worked hard for this. The answer is, not one penny.

Bloody revolution or not, when UK PLC defaults on it's debt, things will change around here big time. And now the EU treaty is in place there's absolutley sweet fa we can do about it.

HTH

[RichardCranium]

Sad git.

What sort of person do you think makes up this forum? It is predominantly current or past programmers, or those who work with such people or make a living off their activities.

That someone (NF) produced a tool to monitor that thread to provide a mechanism for monitoring nefarious activity was taken by many here to be an impressive act of using ones tools and skills in a relevant and useful way to the community.

I can well see why a useless and guileless tool like you would not comprehend that. You demonstrate the personality of a rude child.

You contribute nothing other than unpleasantness and discord.

You are just another worthless troll. <plonk>

[eliquant]

Old Holborn: A return to sanity

Warning: Contains 'colourful' language and nuts.

I don't want to agree with what old holborn writes but I do agree, its tough it having it spelt out to me in what is a sensationalist but spot on account of the state of this nation.

It shouldn't be like this and although I think we are a million miles from revolution right now, if things take a further quick, long fall as they have done recently expect it to start with rioting and other major public disorder events.

To ignore what has happened and what is happening and hoping that 'things will only get better' is just being in denail.

[HairyArsedBloke]

What sort of person do you think makes up this forum? It is predominantly current or past programmers, or those who work with such people or make a living off their activities.

past it

[minestrone]

I've only read a few of his blogs, but that one was wholly uninteresting. Lacks focus. And the swearing is like a teenager who just does it to look cool... proper swearing adds something but his could be removed without changing anything other than deliberate offensiveness.

Kind of leaning towards your point.

He may be driving at a decent point but he looks as though he does not have the skills to articulate that point. Still, it was posted as a rant, a decent rant but nothing more than a rant.

[suityou01]

I shall be organising a facebook group where people are encouraged to honk their car horns for 10 seconds all at the same time nationwide. Lets say 08/01/2010 at midday. This united show of noise nationally should let the UK government know that we (the voters) are royally peed off.

Should send shudders through Westminster before the General Election.

Anything more like boycotting will only hurt the economy more, and that's counter productive.

Just imagine.

Beeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeep. Would be awesome. And it started her first on CUK.

[minestrone]

I pity the labour doorstepper that will be assigned to come to my house next year to ask for my vote. I'm saying sorry months in advance for the absue he is going to get.

[Board Game Geek]

I shall be organising a facebook group where people are encouraged to honk their car horns for 10 seconds all at the same time nationwide. Lets say 08/01/2010 at midday. This united show of noise nationally should let the UK government know that we (the voters) are royally peed off.

Should send shudders through Westminster before the General Election.

Anything more like boycotting will only hurt the economy more, and that's counter productive.

Just imagine.

Beeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeep. Would be awesome. And it started her first on CUK.

Perhaps, but you can get nicked for beeping unnecessarily, so we are not allowed to do that.

[RichardCranium]

I shall be organising a facebook group where people are encouraged to honk their car horns for 10 seconds all at the same time nationwide.

Remember when the HGV drivers did the same in London a few years ago over fuel taxes? They also drove around really slowly and closed some of the bridges in London by blocking them. I remember 'cos I was in London at the time.

It made f all difference. Blair just said "It's not democracy" and ignored it.

Protests of that nature are just ignored by this government.

Sorry.

[Doggy Styles]

2) When will the masses wake up to the scale of the damage that's been done to the economy and the length of time/amount of pain that will need to be suffered in order to repair it?

When they can't borrow money to live on any more.