Mr and Mrs expenses: MP couple get £175,000 for a flat ... and their house is just 30 minutes away. Socialists always get their snouts in the trough.
The bunting ban: Flags that fluttered over village parties for a century snagged in health and safety red tape. We need to get rid of 'health and safety'. A little common sense never hurt anybody, although stupidity does keep the gene pool protected.
A quarter of workers 'face ruin if they lose their jobs'. Blame the banks because they encouraged everybody to get into debt for their own profit.
Colombian guerrilla leader 'Sureshot' reported to have died. He must be really Farc-ed off
Robert Mugabe threatens to expel US envoy from Zimbabwe. Boot him out, then Dubya can bomb the s**t out of Mugabe!!!! 1 airstike should do it.
Royal Navy and Marines are 'forgotten heroes'. Not here they are not.
Prison officers fear that Muslim inmates are taking over control. Well get control back. Lock the f*kers down 24/7 in sound proof cells.
International forces blur mission lines in Kosovo. When you have the EU and UN involved you will always get a balls up.
Jimmy Carter says Israel had 150 nuclear weapons. Possibly the first 'honest' thing Carter has said in years. I wonderif will get the urge Israel to reduce it's nuclear arsenal by relocating a few to Iran.
Monday, 26 May 2008
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9 comments:
RE the bunting:
It's quite sad really. Some of the videos and articles you post on here, particularly the aircraft from decades ago, show the UK could muster an army of ferociously clever men and women in white lab coats or boilersuits and beat the rest of the world in many different arenas. And at a time when the Empire was dissolving into nothing.
Nowadays we have a army of officials, armed with mile after mile of red tape stopping things such as bed races and bunting. What use are they?
What the idiot failed to mention is that some of them are H-bombs, aka city-busters. Muslims who value their cities should take heed.
If Jimmy "Peanut Brain" Carter said anything truthful, it was purely accidental. We Yanks have been apologizing for that rat commie b------d for years.
"Blame the banks because they encouraged everybody to get into debt for their own profit."
And what the eff is wrong with encouraging people to borrow money? Sort of like encouraging them to do anything from eating Big Macs to fighting Al Quaeda to sleeping. The encouraged one must be presumed to be a reasonable adult.
Are the banks also supposed to hold their little weenies and sweetly say: "Don't borrow too much Georgie-Porgie you little Brit wimp."
No, no, no, surely not.
Fred Z: There is nothing wrong with the lending of money, without it the economy and industry would not survive. What the banks have done over here is to allow people to run up massive credit card debts with multiple lenders with no checks and balances to make sure that they can repay it. It is this that is now going to bite them in the ass and cause untold misery and damage. The banks have a duty to ensure that personal debt can be repaid otherwise they might as well give it away. One bank is already having to write off 30 million a week in bad debt.
Now Theo, I know you are a right kind of guy, but you must restrain this hatred of bankers.
The last part of your post contradicts the first part. The 'checks and balances' are that the banks who made too many stupid loans have been forced into write-downs. So the market is working exactly as it should.
If bank1 refused you a loan because bank2 told bank1 that you were already over-extended you would be screaming bloody murder about bank confidentiality, loss of freedom, I'll borrow what I want when I want etc. etc.
'Checks and balances' is almost always socialist code for 'let's all you people do it my way'.
Fred: I have a very good reason to hate bankers and it happened while I was still a child. That aside, banks are forever writing of loans to foreign governments who fail to make the repayments. HSBC have done it a couple of times for massive amounts. I am all for people being allowed to borrow money but many arebeing allowed to borrow from too many sources with out the balance of thier lending being monitored. We have become a society of spend now and bugger the consequences an this cannot be good. Much of this recent borrowing has been based on the value of peoples houses which in the UK have got up and up for the last 15 years or so. When the bubble bursts which I now think it has the repercussions for the British economy could be catastrophic. I have little sympathy for those greedy people who have 'gone for it' but uncontrolled borrowing will hurt a lot of people. The British government is now going for the borrow now pay later idea, which won't hurt Labour because they will be long gone before the bill comes in. I don't have a bank account because I get paid weekly in cash which makes budgeting easy. I have only to survive a week before more cash comes in. Most of my friends are paid monthly and by week 2 having paid rent'mortgage etc are reliant on credit cards and overdrafts til payday. I would like to see everyone given the choice of being paid weekly so they can budget on a shorter time frame. Technology allows it but the banks have 'urged' employers to go for the monthly option which bebefits them for the reasons just stated. I would also like to see credit/store cards and overdraft interest rates pinned to 2% above base rate. No I am not going socialist, but I do know what it is like to have a bank wreck your life.
Oh yes I can't type either before anyone gets on my spelling.
"many are being allowed to borrow from too many sources many are being allowed to borrow from too many sources without the balance of their lending being monitored"
Likewise,
-many are being allowed to eat 'too many' Big Macs without the balance of their caloric intake being monitored
-many are being allowed to fly 'too many' aircraft without the balance of their fuel consumption being monitored.
Hope the last one irritates you into changing your mind.
It's the 'being allowed 'and the 'too many' word forms that are a sure indicator of the nannyism inherent in all of us.
If the land value bubble bursts the results will not be catastrophic for the British economy, they will be good. Foolish behaviour will be punished and land pricing will return to normal. Does anyone claim that the land will disappear? That the over priced houses will be empty? No, they will be sold or rented to people who will suddenly get a great deal on their housing costs and will have extra cash left over to buy JP4.
As for pinning card rates to P+2, ye Gods man, a sure fire way to completely destroy the economy. Who is going to lend to high risk borrowers?
If P+2 gets mandated Britain will have a credit crunch that will end all commerce because the banks will distrust your government's intentions on other loans and will either refuse to do business there or will jack up rates to compensate them for the increased risk. That risk is property seizure, for what else is forcing a man to take a lower price for his property than the market will bear? For money is property and interest is its price and the market will bear what it will bear, neither more nor less, no matter what you or any government says. Any attempt to dam that flood will result in a broken money dam or the money leaking everywhere, at stupid prices in stupid amounts.
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