Guest 698- Registered: 28 May 2010
- Posts: 8,664
These yah-boo threads are getting tiresome. Include me out please.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i usually duck out when things reach the " oh no you are, oh no i ain't" stage, best to leave it to the combatants.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Barry,you say there is nothing in my last post that is factual or in the real world.
Are you denying the figures about the debt situation in Britain?
Compare the figures I supplied in the last post with these from the Cobden Centre, and see how they correspond:
"As at May 31st 2011 Public Sector Net Borrowing (PSNB) was £920 billion, or 61% of GDP. When the present coalition government came to power twelve months ago the debt was £778 billion. When the UK went to the IMF for help in 1976, the inflation-adjusted figure was half of this."
You have been telling us all that this Government is sacrificing us so as to get down public borrowing.
They have sacrificed us and increased it in exactly one year (May 2010 to May 2011) by £142 billion!
As for the trillions of private debt mentioned in my last post, PwC (PricewaterhouseCoopers) gives the following information:
"Total UK debt is projected to top £10 trillion by 2015 at a time when GDP will still be below £2 trillion, according to the main scenario outlined in PwC's latest UK Economic Outlook report."
So I know nothing about economy, and understand nothing!
I know enough to realise that the present financial system is a road to total financial crisis and collpase, both private and public, that must end soon, as it is the cause of its own downfall.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
alexander
by now you should have noticed that barryw is thre only forumite that has any financial knowledge
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Needless to say, since the present Government got in, private borrowing, leading to debts such as payday loans and overdrawn bankdrafts, have dramatically increased, with interest rates of 37% a month and up to 4,000% a year (four thousand!).
People fall into these debits out of sheer desperation, often because they already have a mortgage to pay and know that one month not paid, and they risk losing their only house and ending up on the street.
They may also have children to feed.
Home evictions are going up, not down. Private debt is increasing, not going down. It is becoming a desperate situation for ever more people.
For many, Barry, this IS hell on earth!
Try thinking up something better than making comparisons to Adolf Hitler and Stalin, or "you don't understand anything about economy"!
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
post 84 answrers post 85
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
No Keith - but what is clear is that certain other people who spout on about the economy and finance know absolutely nothing about it.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
told you alexander
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Actually Ross and I are also quite well versed in the real financial world, Keith. Many others should read Alexander Pope:
"A little learning is a dangerous thing;
Drink deep, or taste not the Pierian spring."
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
isnt it funny we have a great deal of experience within the forum
but only a few feel they have the knowledge
interesting,,,,,,,
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You really do not get it Keith....
Its not that 'only a few feel they have the knowledge' its that certain people who definitely do not know a thing about it see fit to try to argue with few who do from their position of ignorance spouting complete tosh in doing so.
This is not a political point either and it is also not even a matter of differing opinions, its is a matter of financial facts of life. Ross and I for example are hardly politically aligned yet we can (Peter also) hold intelligent economic discussion based on reality.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
never mentioned owt about politics barryw
but you would do well to accept that others have experience and views,
but in your world,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
you appear to have shot yourself in the foot barry.
you have made very clear many times that you know nothing about football, then go on to say that the players are overpaid.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
The bitter truth is that personal debt in Britain has drastically risen over the past few months and is worsening with each month that passes.
And the sovereign debt is climbing by the billions of pounds every month.
The Government has told us they are making us suffer to bring down the national debt, but they are doing to us even worse than Labour did, increasing our debts nationally and privately.
I'm not in financial debt, and am not speaking out of a personal situation of desperation, but from a cool and collected point of view through knowledge from research and reading the news.
Barry's allegations that what I have stated on this thread is all tosh are grave assertions, because they deny that which is officially recognised as fact by learned people.
Cobden Centre and PwC are not spouting tosh, they are not inventing things, and I have specifically quoted some of their research.
To read other sources, papers, and news, such as Sky, gives the same results, and all these people are not spouting tosh.
How can Barry deny that which is being written by many learned and informed people regarding to the economy?
Of-course if you read post 83, which explains that the present system is directed in a nose-dive to financial oblivion, you will ask yourselves if this justifies the continuous statements that the bankers should continue earning million-pound bonuses every year while directing Country and People into a situation of debt beyond the point of return, where life could only be a hell on earth if it ever was allowed to get that far.
Defending the super-rich and calling it "theft" to question their continuous financial gains and demand an end to their greed, is probably an increasingly unpopular standpoint in our society.
Tens of thousands of families have been home-evicted last year in Britain, and the number is going up. And millions of people realise they could end up the same way sooner or later, quite easily.
The LibDems have at least brought the subject up about the bankers' unjust morals and practices, for which I respect their stance, but it is a far cry from what needs to be earnestly done.
I wonder if the bankers' bonuses don't come from home evictions, could easily be the case, because the Footse 100 fell last year, so they could not have made their profits from the share-markets, especially considering that all global share-markets fell last year.
Their bonuses probably come from 1,000 - 4,000% interest rates on overdrawn accounts, when desperate people do desperate things and overdraw to buy some essentials for the family, knowing that the bank will not give them a loan.
Their bonuses are a pound of flesh from dsperate families!
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
we still have this big class divide
where the rich get richer
and the poor get poorer
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
No Keith it's not a class divide any more. I'm sure posh Barry will confirm that his London club is letting in far too many of the hoi polloi.
The rich are getting richer, yes. But the genuinely poor and destitute get fewer and fewer every decade and the position of the average unskilled worker has improved out of all recognition from what it was when we were kids in the '50s and '60s. Leaving aside periods of recession, this has been a continual trend irrespective of the colour of government.
Taken as a whole, I don't believe the poor are getting poorer on a trend basis.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the gap between the poorest and the richest has grown continuously since the end of the last war.
what consitutes being poor is another matter, and we will never get two people agreeing on that.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
i would say any one earning 10,000 pounds a year net or under per year.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Peter, not only are the poor getting poorer, but many who were not poor have become so, with more following.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
yes and everyone predicts even mopre children to go into poverty over the next year
ALL POSTS ARE MY OWN PERSONAL VIEWS
