Reply to: Clarkson on the Credit Crunch ™

[BrilloPad]

Ah, I was going to ask you that in the Ask Brillo thread.

That is unfair. I suppose I will have to say something like "Cameron would visit more gay bars".......

[NetwkSupport]

i refer the discussion to dim prawns post -

http://www.bbc.co.uk/blogs/thereport...capitalism.pdf

[AlfredJPruffock]

It's funny how people always cite Y2K as an example of unnecessary panic about a non-existent problem, rather than an (almost unique) example of preparation and organisation coming together to avert a genuine problem.

Because nothing major happened at the stroke of the Millennium, everyone thinks there was never a problem in the first place and that that must apply to depression, climate change and the end of oil as well.

Y2K should be held up as a shining example of how we should-have-handled/should-be-preparing-for these upcoming disasters.

Well the Italian companies made no provision at all for Y2k and came out none the worse.

[Doggy Styles]

And what would CAmeron do any differently to Gordon?

The issue is we should not be here in the first place.

Ah, I was going to ask you that in the Ask Brillo thread.

[BrilloPad]

You're being too hard on him. You need people on here like that to show the financial state of mind of the average person in the UK.

After all, the majority of people believe Gordon is the best man to tackle the recession.

And what would CAmeron do any differently to Gordon?

The issue is we should not be here in the first place.

[EternalOptimist]

Indeed.

I've found it comes in very useful.

I name all my variables in Latin.

i like this game.
I will have two new ones this afternoon

gApplication
gApplications

how do they translate ?

[bobhope]

When you lower interest rates this wakes up the invisible free money dragon

Your CyberTory

You're being too hard on him. You need people on here like that to show the financial state of mind of the average person in the UK.

After all, the majority of people believe Gordon is the best man to tackle the recession.

[Platypus]

Ecce, in pictura er puella.

Ha ha! That's the same Latin course that I did!

est puella

"Ecce Romani" IIRC

[DimPrawn]

When you lower interest rates this wakes up the invisible free money dragon

Your CyberTory

I thought the plan was to breed Unicorns and sell them to Chinese millionaires?

[sasguru]

Mich, can you pass this 'tard your GCSE economics book?

Please do you mind not quoting the Cretin? He's on my ignore list (like atW) and I've no inclination to read his garbage.

[Bagpuss]

Aha, there you are.

So let's get this straight - savers are not important to the economy. So where are banks ultimately going to get their funds from, to resolve their massive deficits, Gordon's money tree?

When you lower interest rates this wakes up the invisible free money dragon

Your CyberTory

[OwlHoot]

.. It has to start returning funds to the taxpayer somehow to increase spending power. The economy is far more important than savers.

How about overseas investors? They're all abandoning UK banks and building societies in droves, and so are UK savers if they have any sense.

And without any savers, how are these institutions supposed to lend?

Oh I see - The Government gives them UK taxpayers' money, and they lend it back to UK taxpayers (after paying a 12% tax to the Government). Should work a treat

[Doggy Styles]

Absolute nonsense!! Reducing interest rates is a measure that is necessary to increase disposable income and to make life more affordable. Savings are taxed anyway like just about everything nowadays thanks to HMG which has taken so much out of people's pockets over the past ten years.
It has to start returning funds to the taxpayer somehow to increase spending power. The economy is far more important than savers.

Aha, there you are.

So let's get this straight - savers are not important to the economy. So where are banks ultimately going to get their funds from, to resolve their massive deficits, Gordon's money tree?

[Purple Dalek]

Indeed.

I've found it comes in very useful.

I name all my variables in Latin.

Ecce, in pictura er puella.

[Bagpuss]

Absolute nonsense!! Reducing interest rates is a measure that is necessary to increase disposable income and to make life more affordable. Savings are taxed anyway like just about everything nowadays thanks to HMG which has taken so much out of people's pockets over the past ten years.
It has to start returning funds to the taxpayer somehow to increase spending power. The economy is far more important than savers.

Mich, can you pass this 'tard your GCSE economics book?