Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Or we could all default and start over .
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
of course kieth,then adopt the euro as our main currency.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barryw,thanks for your reply,a mondest spend now to kick start the economy now would now atract further investment into the country.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
treasonable actions could lead to summary execution brian.
i hope it does not come to that though/
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
doubt it howard,cant remember the last time treson was tried.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You clearly had no grasp of the scale of the public spending black hole Brian and how close we are from disaster. We need more public spending cuts to help generate growth not more inefficient government spending on the maxed out national credit card we cannot afford now let alone with even more debt interest piled on top.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,not on about public spending.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the hit on working tax credits was another nail in the coffin of the economy.
the recipients spent it all in the high street thereby breathing life into jobs.
they will no doubt be encouraged to sign on for benefits costing us all, economics of the madhouse.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Howard - the economy was a lot healthier without the massive burden the Brown's massive benefit explosion.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
so you say barry,but there wae a lot of poverty in the thatcher years.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Relative poverty in most cases Brian, rather than absolute poverty and neither is better now than then.
The best way to fight poverty is through a strong economy not beggaring it through excessive government spending and excessive benefits.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
agree on economy,but and thats a big but the more unemployed there is the higer welfare benifits.and that in turn out strips any growth.
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
Hollande to win in France and to set in train a revolution whereby the IMF imposed leaders are swept from power and growth promoting policies are introduced across Europe.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Mark - bankruptcy promoting policies maybe.
No-one will lend to governments if they do not take a sensible approach to their fiscal policy. Right now their deficits and debt levels are already ensuring potential lenders are demanding a higher risk premium.
Who are those lenders? - if you are receiving a private pension it is the people paying it to you, that's who.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
what would actually happen if all the countries with large deficits defaulted?
i can actually see that happening as protests continue across europe about the austerity measures and there is no sign of things improving.
even the passive british public will not put up with the forecast cuts, when the penny drops that things can only get steadily worse over the next 15 years all hell will break loose.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Is a Private Pension a gift then Barry?
It's an odd state of affairs when the money paid into such pensions, plus the tax assistance, cannot be invested in the home economy until there are no teachers, doctors, refuse collectors and retailers left in business and employment.
As things stand, all the money demanded and paid out in interest to these same pension funds is not to be counted as a boost to the same institutions that dare invest in the home economy? Rather it is seen as a drag upon the economy.
Why do such markets not see the distinct advantage of lowering their expectation of short-term gain, through this high interest, and invest for their own long-term benefit?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
food for thought there tom.
mind you there some whinging poms about these days.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
Well...its all happening today.
Will Hollande win? It is now in the lap of the Gods. Socialist Hollande is still favourite but Sarkozy has closed the gap...but barring a gobsmacking error on how the pollsters are reading it, it looks like Hollande.
So...Are we seeing a rise in Socialism right across Europe?
Could be.
What we are definitely seeing though is a backlash aginst eternal austerity across Europe. In Holland, in the Czech Republik, in Greece, in the UK, see thursday's election results, and possibly now in France. The politicians will need a plan B if they are contemplating staying on in power. Cameron take note. The day is gone when people just lie back and take what is doled out by well fed politicians, the mood can change very quickly from support to disgust...thanks mostly to instant media.
The well fed well heeled posh factor keeps playing well for socialism. Austerity doesnt hit the rich. Rich man Theo Prophitas said on Question Time the other night, he of rich dragon fame, that the tax reduction from 50p to 45p in the Budget meant nothing at all to him..a rich man, but it was a chronic own goal for the Conservatives.
I might have mentioned the next bit previously..sales of Mercedes cars have soared 130%, sale of Ford cars down 60%.
The above is a barometer. It shows that despite severe downturn, essentially the rich can carry on with no real penalty and no real hardship.
If you accept BarryW's argument that severe cuts are needed...okay, it may be so, the experts disagree re the best path to recovery. But the point to remember is that the public wont accept it, they will vote you out. So your austerity plan will act as nothing more than a PR own goal, it will never see fruition. Ask Sarkozy about this tonight.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Stole my words.......more diplomatic than mine!!!!!