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Reply to: Credit Crunch ™ is over
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Previously on "Credit Crunch ™ is over"
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Do governments ever take money out of circulation and destroy it, without replacing it?
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Originally posted by BrilloPad View PostAlso in Japan the population tend to save. In the UK we just spend spend spend on drink, fags, tattoos, .....
If easy credit meant the good times kept going why can't we just all decide that out house is worth 1.5 x what it's 'supposedly' worth now, then the banks balance sheets will automatically be in the black, and they can go on lending and the good times will return?
And how come the govt can print money, but when I enterprisingly follow their example it's an offence? How's that for double standards?
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Originally posted by DimPrawn View PostAre you talking about chavs?
If someone wants to draw all over themselves like a big kid then surely that's their business?
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Originally posted by Cyberman View PostThe major benefit of the Tories will be that they will take tough decisions on public spending and pensions that Labour have failed to do.
Unfortunately the men in grey suits have forbidden the Torys to make those public spending cuts that would have the greatest impact - cancellation of the Trident upgrade , withdrawl from Afghanistan as these are against vested US interests.
So all they can promise is Austerity - massive public job cuts - lower standards of living - hospital and school closures - therefore the electorate will continue to vote Labour .
Better the Devil you know ...
As the economic recovery gathers pace - the only hope the Torys have is that the SNP will destroy Labours bedrock support in Scotland thereby causing Labour to come second in the English Parliament- altough they will have to politcally cede Scotland to the SNP.
Vote Labour and wiin an IphoneLast edited by AlfredJPruffock; 20 August 2009, 11:14.
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Originally posted by Platypus View PostYes, I believe they actually make things in Japan.
I can't remember the English word for this .. manufac ... something?
Oh well I don't suppose it's a word we'll need again.
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Originally posted by Lockhouse View PostI reckon there's still a house price correction due. When interest rates start to rise a lot of people will feel the pain.
And house prices are going to rocket. They will never fall.
Buy into BTL now.
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I reckon there's still a house price correction due. When interest rates start to rise a lot of people will feel the pain.
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