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Posts posted by babesagainstmachines

  1. The lazy way out. Those with a bit of balls and effort will go out and do what they want.

    As I have said numerous times already, anyone under 30 in the UK can go and work for a year apiece in Canada, NZ and OZ - even the US if they have student credentials. With no hassle. Easy Visa.

    Anyone who instead chooses to vegetate in their rooms watching Jeremy Kyle ? Waste of a life IMO.

    Stop blaming everyone else for the lack of 'opportunities'. It is a lazy pathetic excuse. The opportunities us in the UK have today are amazing compared to most other places in the World or any other time in history.

    Stop feeling sorry for youself and get a grip. Otherwise you will die having had a pointless fun free and boring existance.

    Your choice. ;)

    You're a hard working, optimistic person but you have a poor grasp of statistics and logic, and almost no empathy. You're also prone to repetition, a device which you use to try and cover your lack of ability to reason effectively.

    Can't believe I got sucked back in again.

  2. People should want to do SOMETHING.

    Have you not read any of my previous posts stating exactly this...:rolleyes:

    'Work' is a word that can mean any manner of things. I think people should want to do something. If they do not they are better off not existing.

    Lets hope you bother to read this latest post and not just go off on a wild tangent again...

    The things that people want to do are not the opportunities that our current brand of Capitalism offers them. The rewards for doing something that they don't want to do are generally very poor. So they are unemployed.

  3. Which bit of sovereignty? The EU has zero political legitimacy. Greeks could legitimately bomb Brussels as an act of war against a foreign power. And factions may well do that if your insane plan were put into action.

    Get your ostrich head out of the sand - the EU is a failed experiment. Time to return lawmaking to the sovereign nations and the Governements their citizens elected. Kill the EU, the EC and the European Supreme Court

    Countries are no more or less legitimate than the EU.

  4. Well quite. However we are not talking about the employed here.

    You can't talk about the unemployed without talking about the employed. There is only a certain amount of demand for goods and services. Unless we expect people to replace everything every year, then there isn't enough demand for labour to employ everyone full time.

  5. I am not sure of the direction of the "trickle" in bank lending though. If I have an idea that will generate a 15% return on assets, I would much rather borrow some of the value of the asset at 8% than have to do a 100% equity deal where I am forced to share all of the 15% return.

    If the lender is receiving any return, then by definition the wealth is tricking up. I'm just fortunate just that my idea is generating a higher return than the trickle up.

  6. An interesting take.

    I see things slightly differently with respect to the business loan :

    1. Not all loans will be repaid. Part of the interest that you pay is insurance for the lender.

    2. You have a plan that is going to generate a return of well over 8% (otherwise you wouldn't borrow the money at that level) but you don't have any money to execute your plan. Someone with money is prepared to lend you the money to execute your plan. If it were equity, they would demand the same return as your plan. The fact that it is debt and higher up the capital structure than debt means that they are willing to take less than the total return on equity in exchange for the money.

    I do not think that the lender is asking for a return and doing nothing to earn it. In fact, it is debt that allows limited capital to execute plans which cannot be supported by equity alone. It is completely rational for the lender to earn some sort of return in exchange for this. The rates may be too high or too low but their existence is completely justified.

    Of course businesses fail and banks lose money on individual loans. Of course banks are doing something, they are trying to manage the risk of the loan book and produce a return for themselves and depositors. What is in question though is whether there is a trickle down effect at work. By definition, if the loan book were not producing a return, then the bank wouldn't exist for long. The only logical conclusion is that wealth is trickling up. And when the bank does go bust due to its poor lending decisions, it is bailed out by the taxpayer and more wealth trickles it's way upwards.

    There can be no other logical conclusion that in a Capitalist system, wealth trickles up. The system falls over when the "owners" don't consume enough.

  7. The trickle effect...

    I was born to an average family, whose only assets of any real value is the home, which my parents require for habitation. I want to live a more affluent life, so I decide to start my own business. The only option I really have is to borrow money from a bank, which means repaying the money I borrow to the bank, plus 8% annual interest. People wealthier than I am expect to be paid by me without them adding any value. There is a trickle up effect, but if you ask the bank, the wealth is trickling down to me from wealthier people who had spare cash to put in the bank.

    Maybe I decide to fund my business venture by working and saving instead. I get a job in a warehouse packing mushrooms. I pack 1000 boxes a day, which have 20p of mushrooms, plus 10p of packing materials. The grocers buy the packed mushrooms for 50p. I am paid 10p a box. 10p of the value I add is trickling up to the owners of the warehouse. The warehouse owner claims he is providing me with a job and that his wealth is trickling down.

    The warehouse owner takes his 10p a box profit, and invests 5p of it in residential property, which he sees as a safe investment. He buys the house from my current landlord, so in addition to taking 10p a box of the value I added to the mushrooms, he is now taking £150 a week from me in rent. More of the value I added has trickled up to him - he has bought the house I live in using the value that I have added in the first place. The warehouse owner saves the other 5p of the value I had added whilst working for him.

    Despite all this trickle up, I manage to scrimp and save and set up a building firm. The warehouse owner wants an extension to his house, and comes to me. He pays £20,000 for his extension - everything that he has saved from my work for him. I make £10,000 profit from the job, and can clearly see that £10,000 of his wealth has trickled down to me.

    I praise the free market capitalism for it's trickle down effect, even though I have been shafted by it at every stage along the way. I post on internet forums about how great the trickle-down effect is, whilst the warehouse owner pisses himself laughing at me.

    "I create nothing, I own"

  8. I receive it all. I just think a lot of people talk ********. You have to listen to what they are saying to reach that conclusion.

    My word - this thread is positively dripping with JEALOUSY :rolleyes:

    What you seem to do is ignore all the points that people make that don't fit in with your view. It's been explained why people feel unable to take on the low paid work, and why they can't compete with 20 something Eastern Europeans, but you still seem to have the opinion that unemployment is largely down to laziness. There is not progression of thought from your starting point. It's not worth bothering trying to change your viewpoint by presenting counter-arguments.

    So I won't bother anymore ;)

  9. The deficit is actually only around 4 billion a month. It's still lots, but not as bad as everyone thinks.

    This is the TRADE DEFICIT. This is the amount of money that Britain actually needs to borrow from foreigners. This is the figure we should be focusing on. But whilst we are doing that, we can start cutting the army, navy, air force, GPs, bankers, lawyers, dentists, lanlords, defence companies, and the multitude of other parasites that legally suck the money out of the rest of the economy whilst the rest of us are so busy fighting amongst ourselves that we don't notice what is happening.

  10. So basically :

    You should get no benefits unless you do some work

    To get a job, you have to compete with immigrants who will work 70 hours a week and live in a caravan and you don't even have currency arbitrage to make your pay packet worth having

    All because I want to pay 50p for an iceberg lettuce, rather than 60p.

    I get it.

    Just get on with it slaves, because I'm not paying you to not work, and I won't pay you to work either, unless you are happy to work for sweet FA.

    Enlightened times we are living in.

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