UK is broke

Discussion in 'Economics' started by zdreg, Jun 10, 2013.

  1. zdreg

    zdreg

    1 million is an idiotic number
     
    #41     Jun 16, 2013
  2. WTF are you talking about 1k= 1,000?
     
    #42     Jun 16, 2013
  3. #43     Jun 17, 2013
  4. Does this really work, or do they use the money to finance another family member's trip ?
     
    #44     Jun 17, 2013
  5. Humpy

    Humpy

    Kensington and other West London suburbs used to be oases of tranquility and decency.
    Not now though since the medium rich moved in, footballers, celebrities, oil money men etc. and other low life !!
     
    #45     Jun 17, 2013
  6. zdreg

    zdreg

    my error. i was referring to a previous post, not yours.
     
    #46     Jun 17, 2013
  7. Humpy

    Humpy

    The bosses let immigrants in because they have to work for less money on the shittier jobs, making more for the rich. They take the jobs off the low wage workers not off the bosses.
    The unions should ban all immigrants but they sold out a long time ago to the rich and lost their muscle.

    BTW wasn't it the sub prime mortgage crisis that started the financial problems ? And just where did that originate or should we suddenly get amnesia about those uncomfortable facts ?
     
    #47     Jun 17, 2013
  8. achilles28

    achilles28

    Lots of hyperbole, there. Middle and lower classes take a major haircut, and bankers get destroyed. That's the long and short of it. Yes, upper and elite classes (industrial and private wealth) are on the side of banker inflation, because their interests are mutually aligned. Depressions are no joy, for anyone. But they don't signal The End for the working class. That's the key, you overlook. Probably because you work in.around finance and hold an inflated opinion of yourself.

    The problem with your line of reasoning is it assumes a false dichotomy - prosperous devaluation or catastrophic depression. The first (devaluation) is ultimately more ruinous than depression, because it destroys a currency's value. Hyperinflations/collapses bear the worst type of economic hardship on society. Depressions, while bleak and severe, reset the system by clearing out laborious debt-loads, that act as a mill-stone chained to the economies neck. The weak and stupid are destroyed. Moral hazard demands future prudence. The economy regains footing on solid ground, and real growth takes off, without destroying the currency's value. And with it, the real dollar savings of the people.
     
    #48     Jun 17, 2013
  9. Humpy

    Humpy

    Most of the world's democracies are broke. Can they stagger through the current crisis and on to the next one remains to be seen.
    Let's face it democrappy sucks and can't cope with modern problems and attracts people of little ability.
     
    #49     Jun 17, 2013
  10. sheda

    sheda

    You would be destroyed, I would be destroyed, every one you know would be destroyed, and god knows what political monster would appear from such a golden opportunity. But a banker may send you a postcard from the tropics.

    Not quite, as I said I find it highly amusing when someone takes such a complex issue and waters it down to "da bankers iz trying to hyper inflate to save their paper wealth" as if this is something that only impacts the paper net worth of bankers, its not like its an issue so big it impacts the means by which food is put on the table for your family.

    But hey maybe you can over look all of that from that high chair of yours, you have read a few economics books and hold an inflated opinion of yourself, after all as you have said..how can any one not understand?
     
    #50     Jun 17, 2013