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Abstra

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Everything posted by Abstra

  1. Its not just tax revenue. Many of these people will start earning less than they would get in benefits. Its one thing being out of work and broke but staying in work and going broke is taking the piss...
  2. Added unfunded pension liabillities, PFI, PPP, MFI, LOL and I can believe it. Now add £1 Trillion of personal debt and what do you get.
  3. The bank bailouts and accepted liabiities add up to £850 Billion. Our running total spending deficit for the year nearing £180 Billion. The Tories propose £7 Billion of cuts. Well thats going to blow a whole in it then. Labour propose no cuts yet as that could make the situation worse. Well we know that. IMO we are going to hit financial Armageddon in late 2010. Interest rates will rise, unemployment will rocket. Democracy is even under threat.
  4. I'm expecting the second coming of the Christ so all will be alright!
  5. Could they fill it with bankrupt ex-pats and send it home?
  6. You piss in the sink. How disgusting! I haven't done ThaT for years. AND cab drivers don't earn 50K a year. I was one. You have to work 60 Hrs a week and at the moment its still crap.
  7. Its not about conditioning its what I can afford. Thats if I can get together 5K as a deposit and have a credit indescretion ignored. UpMyStreet has still not been updated even though its states next update October 2009. http://www.upmystreet.com/properties/house-prices-in-southampton.html
  8. Its cheaper there than here, they don't have to support millions of economic migrants from Poland!!
  9. Uhm. Spot on I think. The capital inflow of money earned here must be phenomenal and on top of that almost all who come here qualify for Tax Credits. Then they don't pay Council Tax for the time they are here and they try not to pay the rent for as long as they can get away with it before leaving.
  10. 200 good jobs gone from HSBC. More lost from the Insurance company up the road.
  11. Bargain. http://www.rightmove.co.uk/property-for-sale/property-27641192.html?sortByPriceDescending=false&maxPrice=120000&displayPropertyType=flats&retirement=false&oldDisplayPropertyType=flats&includeSSTC=true&_includeSSTC=on&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2FSouthampton.html%3FsortByPriceDescending%3Dfalse%26maxPrice%3D120000%26displayPropertyType%3Dflats%26retirement%3Dfalse%26oldDisplayPropertyType%3Dflats%26includeSSTC%3Dtrue%26_includeSSTC%3Don Take my word for it. Prices are in freefall. Take no notice of upmystreet, they've stopped updating since the graphs have gone negative. Perhaps they don't like the look of them. http://www.upmystreet.com/properties/house-prices-in-southampton.html
  12. Quote. "When you strip away the fancy terminology the banks like to use – quantitative easing – what you’re left with is money printing. Or to be precise, clicking a mouse and suddenly £200 billion appears." Well this is precisley what banks have been doing anyway and at interest. This in part is how the money owed is greater than the money ever lent and the reason we can never pay it all back. From what I understand anyway QE is not money printing its an elaborate concocted mechanism for lending our own money to ourselves.
  13. LOL. Yes perhaps I shoud proof read my own posts. Having spilt coffee over my eyboard typing anything at all can e quite exhausting. Tal aout sticky keys.
  14. My analysis skills are without question, its part of my job. Weather I know much about classical economics is another matter.
  15. I have to disagree with any on here that QE is wrong for the economy. I think the inflationary claim and comparisons to Zimbabwe are misleading. Inflation occurs when money supply increases beyond supply. We don't have a supply side problem. We have a liquidity problem. What I do disagree with is the way the QE liquididity has been injected. Those with money on here are paranoid about protecting there financial castles. QE liquidity should have been injected through capital projects creating work and tax cuts creating stimulus. At the same time ring fenceing further bank credit lending to the public and providing a state credit facility to businesses. I don't believe the Gloalisation model of economics is doing the UK any good either. The EU should have run a balance of payments system between sovereign member states and should have kept economic encroachment by impoverished external entity's at bay. Our long term bilateral trading agreements with Global entity's should have been strengthened. Co-operation on Global enviromental issues should be maintained. Immigration should have been under control. We are going to become a poor third world nation proceeding down the road we are going. DOUBLE POST PLEASE USE OTHER. MOD PLEASE REMOVE!
  16. I have to disagree with any on here that QE is wrong for the economy. I think the inflationary claim and comparisons to Zimbabwe are misleading. Inflation occurs when money supply increases beyond supply. We don't have a supply side problem. We have a liquidity problem. What I do disagree with is the way the QE liquididity has been injected. Those with money on here are paranoid about protecting there financial castles. QE liquidity should have been injected through capital projects creating work and tax cuts creating stimulus. At the same time ring fenceing further bank credit lending to the public and providing a state credit facility to businesses. I don't believe the Gloalisation model of economics is doing the UK any good either. The EU should have run a balance of payments system between sovereign member states and should have kept economic encroachment by impoverished external entity's at bay. Our long term bilateral trading agreements with Global entity's should have been strengthened. Co-operation on Global enviromental issues should be maintained. Immigration should have been under control. We are going to become a poor third world nation proceeding down the road we are going.
  17. I'm alright Jack. Are you on the minimum wage by any chance. I think not!
  18. Seriously; unless the Irish tear up the Lisbon treaty, withdraw from the Euro and cancel there own debt they are going to end up starving while the crops rot in the fields and the cows die of old age.
  19. Don't mention rope, pills or guns in his presence, you will only get the blame. Definatley don't suggest his pretty Misses go stand on a street corner for a couple of months, that one's a no no! Want anymore advice let me know.
  20. People shouldn't be allowed to vote on X-factor. The responcibillity is enormous and should be done by a panel of 'expats' experts.
  21. Goldman Sachs employee's get £430,000 bonuses each and Mandelson bearly wimpers. The postal workers wimper about there jobs and the Nuclear Weapons come out. twit!
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