Originally posted by speling bee
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Addiction to debt
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Originally posted by BrilloPad View PostOnly to its own citizens. Which is why its not really a problem - like Italy.The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by BrilloPad View PostOnly to its own citizens. Which is why its not really a problem - like Italy."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Its not just debt.
As a country our leaders are also showing an addiction to mass immigration and pushing for low wages commodity economy. No concept of aiming for the high value, high innovation, high quality end of the spectrum just constantly driving costs down. And employers subsidised in their low wage frenzy with top up benefits, tax perks for employing foreign nationals instead of Brits, etc.
An addiction to hyping house prices.
An addiction to QE.
And all the rest of it.
Its not going to end nicely.Comment
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Originally posted by speling bee View PostSo what will happen as its aging population starts to cash in their saving bonds in retirement?Comment
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If you don't have debt then you cannot have "saving".
If you don't have saving then you cannot have investment.
If you cannot have investment you cannot have growth.
There is nothing fundamentally wrong with debt.Comment
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Originally posted by tomtomagain View Post
There is nothing fundamentally wrong with debt.Comment
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Originally posted by NickFitz View PostI once got lost in Elephant & Castle and found myself on the Old Kent Road. Thanks to Monopoly, it was oddly reassuring; a vague sense of "Well at least it's somewhere I know" even though I'd never been there before
- the snooker room was built out the back of the computer room, which was handy
- the breakfasts in the canteen were the bollocks
- our department was nearly all contractors starting with the pig ignorant high earning EDS consultants at the top to the high earning (payment was by cheque in those days) techies at the bottom with a sprinkling of civil servants in between who were all pretty damn good at their jobs
- it was piss easy
- the bookies below our office where afternoons were spent betting on the dogs although you had to be careful sneaking down there as the offices all looked down on the shopping center
- watching the weekly muggings in the shopping center from above“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Originally posted by tomtomagain View PostIf you don't have debt then you cannot have "saving".Comment
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