The Economic Crisis

[andycorleone]

Last night I was watching Dispatches (I think) an a woman with a salary of £11.000 had a house and LCD bigger than mine :shock: I think media try to make look those persons as victims but I think those kind of people are the guilty ones.

Goverments, Banks, Etc have a few inpact I think people culture and habits make the real difference in the economy of the country.

only person I really fell sorry was the poor pensionate lady with parkinson that someone buy his house an offer her £24000 in cash ( not now in 10 years time *******s)

 

[Digit]

I am not advocating the overthrow of the entire capitalist system; merely suggesting that banks and their employees might operate in a vaguely professional manner,

Oh so true Dan. The system is reputed to run on trust, and it has been lost.

Roy.

 

[Grinding One]

...US taxpayers helping out the other counties again before our own

That's a Tuesday morning joke, right? Just look at your National Debt to see who is helping out whom.

And yes, ours is the same.

Both your country and ours have lived beyond our means for far, far too long, and now the chickens are roosting in their own back yards.

S

Better check the books again,well lets see,yes other countrys are buying up America(Companys,Jobs,land,loans I guess...we give this country money after storm wrecks it,another country gets all kinds of aid when earthquakes hit them,others get aid for starving people,) who pays for it?? Oh its a gift I understand now I pay for it,with my tax dollar...While I go farther down the slippery slope and my money is devalued and other countrys prop us back up because if we fail theres no more money or aid to anyone...unless you guys want to take over from now on?
My house is paid for and my tools are paid for by my hard working hands,no one helped me out when I started working my way along life trials.And I never asked anyone for anything,even when I was completely flooded out of my house...where were those other countrys then?So if I get my back up because you question how come your country needs aid it might just be because we have already givin it all away already.
Stores Closed.
Respectfully G1

 

[Steve Maskery]

G1

I wasn't having a go at you personally, really I wasn't. Nor am I suggesting that Americans are not generous. I, personally, have been the recipient of considerable generosity from a number of Americans, some of whom are on this forum.

It is the picture you portray of a US STATE that somehow puts the rest of the world before its own interests that I find so fanciful. It doesn't, it never has and probably never will.

I haven't got figures to hand to illustrate this, although if I thought I couldn't find them I wouldn't say it, but IIRC the foreign aid given by USA per capita is lower than many (not sure if it's most) developed countries. I believe it's even lower than ours, and ours has been cut (in real terms) in recent years. Furthermore, foreign aid is often linked to conditions, usually involving spending that same money back in the donor country. I'm not saying that there is no benefit to the recipient country, just that it is not necessarily always totally philanthropic.

I'm happy to accept the argument that it is a country's government's duty to put its own first, I simply don't accept that somehow the USA doesn't do that, but plays Lady Bountiful to the world.

No personal offence is intended, I assure you.

Regards
Edited for an embarrassingly erroneous apostrophe.

 

[Losos]

as a country the government should be doing the same, stop ALL overseas donations, stop listening to Brussels, stop sending our soldiers to defend countries that have no regard to the UK, stop spending on the olympics when we obviously can't afford and don't need it, in short, concentrate all efforts on the UK, when we are back up and running at speed, then by all means, be charitable, but let it begin at home first, after all, we do pay THE taxes.
Regards,
Rich.

Well said that man (I knew you'd have something useful to say if you could be persuaded to do so )

I was horrified to find that Scooty Dog recently decided (Without any reference to the people so far as I could ascertain) to just cancel billions of pounds of loans to overseas countries, not reduce the interest or even waive it completely, but actually just write off the entire amount. How the hell is that supposed to benefit the UK tax payer :?:

 

[Digit]

Pass!

Roy.

 

[Losos]

The only thing we learn from history is that we never learn anything from history.

:lol: I'm laughing Roger but in fact it's so true, see my post above about Nick Leeson :!:

BTW the story you recounted also sums up the current bank idiocy.

Banks (and Building Societies) are obliged to be prudent and cautious with their depositors money, it is painfully obvious that recently many of them have not been, yet their annual bonuses will still be paid won't they :?:

I will never ever bank with Barclays after I read about four junior staff who blew their bonuses (34,000 pounds) on a meal a few years ago.

 

[Rich]

So what do you guys suggest is put in place instead of the current system?

Ten year wait for a Trabant?

All politicians, bank managers and building society managers, and loan sharks, AND the general public at large, should be MADE to read "the Pickwick Papers" as a matter of their general education and concentrate on Mr Macawber's Dilemma, income over expenditure, etc, it applies to ones household and more importantly, SHOULD apply to the chancellors line of thought!!!

Regards,

Rich. BTW, As all learned people WILL know, the result IS misery.

The facts of the matter are that the old shool in this country have been prudent and set aside for a rainy day via pensions and savings, sadly for them they will now have to bail out the less prudent ones who overstretched themselves and will now be cushioned by the welfare system, who will feel the pinch? not the imprudent ones, that's for sure, the ones who have made provision will see their pensions and savings diminished AND they will have less to pass on to their kindred which in turn will lead to them finding it more difficult to start in life, it's a vicious circle, when you spend more than what's coming in then there is a problem in the making, we all know what the answer is but the government won't implement it, bring back the old style bank managers, and hospital matrons while we are at it.

 

[Grinding One]

G1

I wasn't having a go at you personally, really I wasn't. Nor am I suggesting that Americans are not generous. I, personally, have been the recipient of considerable generosity from a number of Americans, some of whom are on this forum.

It is the picture you portray of a US STATE that somehow puts the rest of the world before its own interests that I find so fanciful. It doesn't, it never has and probably never will.

I haven't got figures to hand to illustrate this, although if I thought I couldn't find them I wouldn't say it, but IIRC the foreign aid given by USA per capita is lower than many (not sure if it's most) developed countries. I believe it's even lower than ours, and ours has been cut (in real terms) in recent years. Furthermore, foreign aid is often linked to conditions, usually involving spending that same money back in the donor country. I'm not saying that there is no benefit to the recipient country, just that it is not necessarily always totally philanthropic.

I'm happy to accept the argument that it is a country's government's duty to put its own first, I simply don't accept that somehow the USA doesn't do that, but plays Lady Bountiful to the world.

No personal offence is intended, I assure you.

Regards
Edited for an embarrassingly erroneous apostrophe.

I don`t put the US State in front of everything---Thats the darn politicians job ,they just make the rules and I am suppose to pay for it.
I am not takin offence at anyone thats what cowards do blame somebody else...I`m just old and tired of the whiners in the world with there hands out all the time....The Romans fell because they paid people who didn`t work...we are doing the same now here...my point is we are on a slippery slope.If a really big war broke out who would be on who`s side and would they fight for you or would you find yourself up front with no help??

 

[big soft moose]

The Romans fell because they paid people who didn`t work...we are doing the same now here...my point is we are on a slippery slope.If a really big war broke out who would be on who`s side and would they fight for you or would you find yourself up front with no help??

technically the romans fell because they didnt spend enough on the legions , they over extended themselves fighting in too many places at once , and their high command - emporor honorius - was chronically stupid and didnt listen to his military advisor (stilicho) when he told him what was militarily possible and what wasnt.

so yeah a pretty good comparrison with the mess we are in today (but probably a topic for a different thread)

 

[Losos]

Well it's going to be an interesting weekend. Seem slike some US Senators are trying to prevent the tax payer from picking up the bill and as G1 has said there are too many people holding out their hands in countries all around the world.

IMO the 1929 Wall Street crash was made a lot worse by poiticians who didn't know what they were doing (e.g. putting interest rates up instead of down) whereas now it's the investment bankers and insurance people who don't know what they are doing :shock: