I believe the old political system is out dated.Labour are no longer socialists.Most have the same benefit as the tories with a private education,they are either lawers or rich business men,who now nothing of socialism,which by definition,means equality to all.We need a new system,transparant and wholly democratic,I dont think it will ever happen though.The greedy people in charge will fight tooth and nail to keep what they've got.I'll carry on paying my taxes and complaining like everyone else.This country had huge economical growth based on dept,and now we are paying a heavy price,if Gordon Brown is such a great financial genius,why did he sell our gold reserves at an all time low price? And then give the banks billions of pounds of our money without any kind of conditions (they still rip us off,but use our own money to do it) and still pay themselves huge wages.It seems absurd that failure on such a massive scale is rewarded with wealth beyond most peopls wildest dreams(Fred the shred etc).Look at the bigger picture,your right,Labour and Libs did do some great things for this country,but not this bunch of imposters.
It does not. I means social justice. The Tories believe that money solves all, by people acquiring as much as possible and then the trickle down effect from rich to poor. History has proven that it never works, as the top tier keep most for themselves and form self interest groups or in the UK a self interest class.
Maybe your memory needs reviving. See factual post:if Gordon Brown is such a great financial genius,
Click here
Last edited by Waterways; 07-30-2009 at 09:55 AM.
The new Amsterdam at Liverpool?
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longer of special interest to anyone, least of all the
tourist. Would we visit a modernised Venice of filled in
canals to view its modern museum describing
how it once was?
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aw come on! It was a great bubble. We all went with it - nobody complained at the time. Now we're all in the poo.
Just maybe, we'll start making stuff again and selling it for money, not borrowing money to pay for money already borrowed - feeding the banks.
It started in the late eighties and it almost had an inevitability about it. Labour went with it or we'd have been left behind in the gold rush (and moaning about how well others were doing). Now the money economy is a busted flush but hindsight is A1.
Welcome to the world of starting small and for most, maybe even staying small. It used to be called 'thrift'. Too much growth is dangerous. It might even be good for the planet.
The new Amsterdam at Liverpool?
Save Liverpool Docks and Waterways - Click
Deprived of its unique dockland waters Liverpool
becomes a Venice without canals, just another city, no
longer of special interest to anyone, least of all the
tourist. Would we visit a modernised Venice of filled in
canals to view its modern museum describing
how it once was?
Giving Liverpool a full Metro - CLICK
Rapid-transit rail: Everton, Liverpool & Arena - CLICK
Save Royal Iris - Sign Petition
There were huge pools of money floating around the UK economy. Nobody looked too hard where it was coming from. Answer was; overseas investment based on unrealistic paper value of property. There was no other 'real' economy.
If you look at the 'balance of trade' figures (remember them?!) for the last thirty years, they are a disaster story even including inputs from North Sea Oil and the London Money market.
It wasn't sound at all.
The credit crunch came from the banks and investers who risked too much and lost.The boom time was fake,borrowing huge amounts of money to buy flash cars and big houses doesnt make you wealthy,it just means it belongs to someone else until you pay it back.Does'nt social justice and equality mean the same thing?The people who make a real difference in this world(teachers,nurses etc)get by on half decent wages while people who contribute nothing practicle (footballers,actors etc)seem to earn extraordinary amounts of money.I understand why some will always get more than others,thats how we advance,hard work and efficient productivity deserves some reward,while laziness and incompetence doesnt.We all know what "2 legs good,4 legs bad" means,we're only human and a lot of us are greedy,and thats why comunism and socialism almost always fails.
Gotta agree with you guys. I reckon the big bonuses didn't help neither. A lot of them got bonuses in the millions, who wouldn't massage the figures for that.
More ale house types of opinionated misinformation. I am only interested in facts.
Some banks, mainly in the USA, were lending to to people who could not repay. Banks traded debts with other over international borders. Banks also lent heavily to each other over international bornders. The bad debts meant banks would not lend, even to each other (Northern Rock suffered), then the domino effect started.
Those who say the government faked an economic boom for 12 years are not in the real world. I never imagined it, it did happen.
Stop reading that idiot Littlejohn in the Daily Mail.
Last edited by Waterways; 07-30-2009 at 08:40 PM.
The new Amsterdam at Liverpool?
Save Liverpool Docks and Waterways - Click
Deprived of its unique dockland waters Liverpool
becomes a Venice without canals, just another city, no
longer of special interest to anyone, least of all the
tourist. Would we visit a modernised Venice of filled in
canals to view its modern museum describing
how it once was?
Giving Liverpool a full Metro - CLICK
Rapid-transit rail: Everton, Liverpool & Arena - CLICK
Save Royal Iris - Sign Petition
This alehouse type reads quite a number of papers, considers himself reasonably informed but has never heard of Littlejohnl!!
I also went to school and remember being taught about the South Sea Bubble (18th century?). We've been here before. Imaginary booms come and go all the time.
MOST of UK banks packaged up overseas debt against dodgy or imaginary valuation of property and sold it on and on, round and round. UK banks were particularly good at it and London prospered as a born-again global financial centre.
No one complained. Everyone was cool, money was cheap. It wasn't some band of naughty fools of foreigners. We should all share just a little responsibility, don't you think.?
I'm taking no share of responsibility. All i've done is lost out on pension and endowment funds whilst paying for a fund manager to manage badly.
I lost my job due to redundancy, the rules state i'm not entitled to job seekers because i live with my girl friend (therefore she can supposedly support me and her on less than 15k). I'm not entitled to contributions based help as i didn't make enough payments to my national insurance while i was a university student. Therefore i'm entitled to nothing after paying taxes on my wages for the last 9 years.
My girl friend is not entitled to tax credits because both me and her are under 25, don't have kids, are not separated, she isn't preggers, she works full time the list continues.
So that's why i have a gripe with the government.
But become a fat cat millionaire banker who can't bank properly resulting in going bust then being bailed out by taxpayers money only to retire on an annual pension amounting to more than most earn in a year or become a part time MP on 64k + an annual 50k pension with an expenses sheet longer than an andrex bog roll and your laughin' kidder.
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