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The Election Thread
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| Deleted11 10 Nov 19 11.30am | |
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Originally posted by chris123
The Greek hair cut in 2012. Exactly. They reduced their gdp by 30% to prove a point, which didnt solve anything. Everything is still the same and its only a matter of time before we have another liquidity crisis, but not because of gvmt spending, but because of gvmts not understanding basic human behaviour and idiotically taking regulations away from institutions that can tank the economy. Once people stop looking at it as a left and right issue and question everything their own parties do without just accepting their crap then we will be a truly sovereign country. My view only.
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| W12 10 Nov 19 11.45am | |
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Originally posted by Jway89
Anyone who tells you that we need to keep the national debt in check, i would ask them the following; 1) how much is a good amount to reduce it to? 1) zero or preferably a huge negative
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| Deleted11 10 Nov 19 12.04pm | |
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Originally posted by W12
1) zero or preferably a huge negative So you want our economy to be more in line with Afghanistan and the Congo? Very low debt levels there. As Ive said a few times. We can print our own money. It is all interelated. The manufacturing countries will always buy our debt because we buy their stuff. The banks buy our bonds because it pays or at least used to pay interest. Im not saying we can now spend all over the place, but this living within our means is great for me and you but the gvnt has to stimulate.
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| Deleted11 10 Nov 19 1.32pm | |
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Originally posted by chris123
You mentioned bailiffs not me, I'm interested and have asked some questions. You bought in Deutsche Bank not me. And the IMF is one of Greece's creditors, which is why I mentioned it. Just saw. Fair enough. The bailiffs wasnt supposed to a quote just a debt related figure of speech. Greece was just small enough to be made an example of. If theyde had Drachma, and no santions, they wouldnt be in the mess theyre in.
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 chris123  hove actually 10 Nov 19 2.53pm |
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Originally posted by Jway89
Just saw. Fair enough. The bailiffs wasnt supposed to a quote just a debt related figure of speech. Greece was just small enough to be made an example of. If theyde had Drachma, and no santions, they wouldnt be in the mess theyre in. Greece wouldn't have got the loan if they weren't an euro based economy - Goldman Sachs helped them in that.
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| Deleted11 10 Nov 19 3.10pm | |
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Originally posted by chris123
Greece wouldn't have got the loan if they weren't an euro based economy - Goldman Sachs helped them in that. Goldman Sachs help themselves to a lot of things. Greece would have printed their own currency. like any other country. The problem with Greece is that they don't produce anything of note. They are basically a tourist destination. They would have had to have made changes, i.e. not allowing hair dressers to retire at 35. I'm not saying Greece didn't have to change, but, had they not been in the euro, they would have been much better off now. Who wouldn't buy Greek bonds with a 10% interest? Especially now, where banks are paying 0.2%. That's why the stock markets are so high. There is nowhere else left to invest with a decent return.
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| chris123 hove actually 10 Nov 19 3.19pm |
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Originally posted by Jway89
Goldman Sachs help themselves to a lot of things. Greece would have printed their own currency. like any other country. The problem with Greece is that they don't produce anything of note. They are basically a tourist destination. They would have had to have made changes, i.e. not allowing hair dressers to retire at 35. I'm not saying Greece didn't have to change, but, had they not been in the euro, they would have been much better off now. Who wouldn't buy Greek bonds with a 10% interest? Especially now, where banks are paying 0.2%. That's why the stock markets are so high. There is nowhere else left to invest with a decent return. You don't work in merchant shipping then?
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| Deleted11 10 Nov 19 3.23pm | |
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Originally posted by chris123
You don't work in merchant shipping then? I do not.
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| chris123 hove actually 10 Nov 19 5.15pm |
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Originally posted by Jway89
I do not. It's something of note.
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| Deleted11 10 Nov 19 5.29pm | |
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Originally posted by chris123
It's something of note. Can you expand? Im sure im being thick here.
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| Midlands Eagle 10 Nov 19 6.54pm |
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Can we stick to the December 2019 General Election please?
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| Deleted11 10 Nov 19 7.04pm | |
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Originally posted by Midlands Eagle
Can we stick to the December 2019 General Election please? Ok, but, if there is a misconception on how money and debt work, it becomes believing party propaganda, influencing elections. Tories to win
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