FTSE falls again

[Deleted member 37751]

Brown stands as a monument to stupidity and arrogance. But. And take note. Despite this obvious reason to not have him as PM a significant proportion of the UK population were prepared to mark an X on a ballot sheet to keep him on power. It's not as if his failings were a secret by the time of the last general election.

While I do agree to some extent about the financial failings of Brown, if you could see all of this coming why didn't you get in to politics and stop it from happening? Or buy tons of gold when he was selling it off, if he was selling it off too cheap?

Everyones an expert with hindsight....

 

[snoop51]

While I do agree to some extent about the financial failings of Brown, if you could see all of this coming why didn't you get in to politics and stop it from happening? Or buy tons of gold when he was selling it off, if he was selling it off too cheap?

Everyones an expert with hindsight....

But then didn't he have a "team" of ex spurts to advise him?? Highly paid ones at that??

 

[Deleted member 37751]

But then didn't he have a "team" of ex spurts to advise him?? Highly paid ones at that??

Don't get me wrong, I think politicians are the public face of the 'behind the curtain' civil servants and I'm sure that we'll be saying the same about Osbourne in years to come.

I'm nearly at the conclusion that it doesn't matter who's in, they're all the same, almost as though there is a factory churning them out.

 

[Dryce]

While I do agree to some extent about the financial failings of Brown, if you could see all of this coming why didn't you get in to politics and stop it from happening?

As if.

It takes years to get into politics and requires a whole load of backsliding. It's not as if Brown or Blair or Cameron arrived overnight. They started young and it took them 20 years.

In an ideal world you could stand as an independent. Realistically it doesn't work unless you have a major single issue that is causing concern in your constituency. That doesn't happen often and the party 'branding' is the thing that drives voters and not the individual candidate.

What really appalls me is average voter intelligence. Speak to a born and bred party voter and they won't consider the other alternatives.

The public get what the public deserve.

I deserve better.

Everyones an expert with hindsight....

No hindsight. Just helplessness on my part as I watched that man begin the process of ruining us from his first budget as chancellor.

 

[Dryce]

I'm nearly at the conclusion that it doesn't matter who's in, they're all the same, almost as though there is a factory churning them out.

They're almost the same. But I don't think that Brown was different in several ways.

• Pensions raid
• IR35
• Retrospective taxation on small businesses
• Tax credit complexity
• gold sell off
• smoke and mirrors/obsfuscation

The extremity of the mess was peculiar to his personality.

 

[crockers]

Interesting thread.

So Gold is at an all time high = BUY
Equities are at a low, albeit not in the same league as a few years back = SELL.

Different.

Are you related to Gordon Brown by any chance or is he your financial advisor???

I apologise for my sarcasm. .


Actually I dont. :bannana:

 

[snoop51]

I apologise for my sarcasm. .


Actually I dont. :bannana:

Ditto

 

[biturbo]

i remember watching this youtube video and it was soooooooo easy to see what was coming.
that was in 2006. I sold my house cashed in, bought gold cashed in and i explained in great detail to 3 guys once in a car when i was doing one of those driving training things so you dont get 3 pts.

Money As Debt (1 of 5) - YouTube

part one, watch all the parts and you will have a complete understanding of what a mess we are in.

Without debt we have no growth, money is only greated by taking on debt, when debt gets too big we cant pay the interest or take out any further loans then there is no growth.

Very Very simple. Its so simple and easy to understand that it makes you think its impossible for this to be a mistake but planned.
If you would of seen this and thought how the country was working, people made more money on house price increases than there wages (real productivity) you could see a run on the bank was coming.

Interbank lending is where one banks lends to another as a deposit and then they use the deposit to create loans. ALA Northern Rock.

Its called fractional reserve banking.

When i watch the BBC i think they are completely dumbing down the reporting of the situation because to report it proberly would put under the microscope the totally inadequate system.

 

[biturbo]

forgot to say, inflation is coming big style as its the only way to pay down the debt so forget the 5 % inflation going down anytime soon. Also gold is good if inflation goes up, cheapening of fiat money then assest like gold go up in value against the currency. If inflation was to drop then so too would gold prices.
Just take a look at 1970s with high inflation and high gold prices for an example.

http://www.youtube.com/watch?v=J2fjxaRLpQo&feature=related

that the worst thing gordon did, he basically made a goverment accountable organisation private ala controlled by the banks, any wonder that years since 1997 have played out the way they did. If your a drug dealer you get people hooked by selling drugs a 50p a bag then when they cant live without it you hike it up to £10 £100.

 

[Deleted member 37751]

I deserve better.



No hindsight. Just helplessness on my part as I watched that man begin the process of ruining us from his first budget as chancellor.

And when you were watching Gordon Brown 'ruining us' from his first budget, what did you do about it?

 

[Dryce]

And when you were watching Gordon Brown 'ruining us' from his first budget, what did you do about it?

Spoke wide and large amongs those willing to listen (and a few not). Pointed out the issue prior to elections.

Makes no difference with the proportion of voters who are 'died in the wool' / 'born and bred'.

Treated like an idiot for my views.

At the end of the day we live in democracy. People are entitled to express themselves through their vote. The party system has some benefits but also the disadvantage that it locks a large proportion of voters in.

The best candidate doesn't win very often. A minority of voters actually know who their MP actually is and what they actually stand for. Very few look at the manifesto small print. And many have short memories as to the historic performance of their party.

You brought up something in a previous thread about people voting for who they feel will benefit them. Many don't see beyond that - and even where there is no practical or tangible benefit (politicians lie! people know that but don't actually chuck out liars).

My staff gave me a T-shirt back in 2001 with all my 'favourite' things. Included Gordon's picture. I don't think my views affected their votes. But at least they listened. "I told you so" isn't very satisfying when surveying the mess.

 

[Deleted member 37751]

Dryce,
I couldn't agree with you more, in my early twenties I was very socialist in my views but the older I get, the more I become disillusioned with the whole lot of them- left & right wing.

But, like you say, it's a democracy and until someone comes up with a better idea, I can't see much changing to be honest. I mean, look at the rumpus because two political parties have joined in coalition! You'd think people would have embraced the change, but it seems to have entrenched people in their views even more.

Politicians, once in power, will always try and bribe the electorate into voting for them again to stay in power. I'm sure this lot that are in now will try it come election year; can you imagine them slashing away in the run-up? Or are they trying to save up as much as possible to bribe the voters in 2014-15?

 

[Dryce]

I couldn't agree with you more, in my early twenties I was very socialist in my views but the older I get, the more I become disillusioned with the whole lot of them- left & right wing.

I've learned to judge people by what they do rather than what they say they are.

Encountered too many 'socialists' who are simply life's takers and will make loads of noise when the going is good but stand silent while the guy next to them is skewered for their benefit when it goes bad.

 

[biturbo]

I've learned to judge people by what they do rather than what they say they are.

Encountered too many 'socialists' who are simply life's takers and will make loads of noise when the going is good but stand silent while the guy next to them is skewered for their benefit when it goes bad.

Its called a Champagne socialist.

Socialism never works, ever ever ever. Why?
Read Charles Darwin, we as humans are the pinicle of the evolution theory and survival of the fittest. Take away that and its like removing the oil from an engine. Things stop working, just take at look at communist countries for extreme examples.

We are all different, thank god. Like we all like different things.
Its difficult to say but wars are part of mans ability to progress as a war is when as humans survival ability goes hyper.
Just think of all the innovations brought about through war or planning for wars. Fuel injected engines internet, im not even going to both with the rest of the list as its massssssssssssive.

My motto is dont be a socialist, be a good human being. They are not the same.

 

[NOMONEYBUTAMERC]

With six years to go before reaching pensionable age I am more concerned at how long , rather than how much pension I will be drawing. May not have much money , but I sure as hell spend less time worrying about stocks, shares and inflation than a lot of people I know, including a few millionaires.(most of whom do not brag about how much they have.)

 

[biturbo]

im 33 and by the time im looking to retire i'd imagine its will be 75 if at all.

 

[Deleted member 37751]

im 33 and by the time im looking to retire i'd imagine its will be 75 if at all.

I don't care what the retirement age is; I'll retire when I'm ready, not when some chinless politician tells me I can.

 

[biturbo]

I don't care what the retirement age is; I'll retire when I'm ready, not when some chinless politician tells me I can.

You can retire whenever you want, i can retire tomorrow if i wanted to. Id be skint before too long, but the chinless politician tells you when they will give you your state pension that is what i am refering too.
Long gone are the private pensions retire at 50 3/4 final salary pension days like alot of my friends baby booming dads.

 

[Deleted member 37751]

There ain't going to be any state pension for us pal, I'm 31.

 

[NOMONEYBUTAMERC]

^^^ Yep , by the time you retire us old gits will have spent it all.