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Everything posted by chris25

  1. Brent at 115.26. It keeps going for higher, drops back for a few days then gets higher and higher. Supposedly spare capacity is low and a lot of the current shale oil requires a high price as EROEI is horrific. I expect it will reach a level at $120 even if things stabilize in Syria. Lets face it $120 is dangerous territory for the world economy, but it could become the new norm.
  2. I work in the motor sector and can confirm sales are well and truly booming at the moment, especially luxury cars. The reasons for this I believe are: - There are lots of foreigners who have bought a property in London who are looking to buy a car to go with it. Often these people are extremely dubious, however they pay cash and aren't fussy. Many are corrupt foreign oligarchs, banksters, royalty and fraudsters from all over the globe. - There are also a lot of 20 and 30 somethings still living at home, who are buying new and used cars. Most buy on lease deals. These people have probably given up saving for property and just think "what the hell I'll buy a new car" - As people have said the cost of new cars on lease is so cheap that it is almost cheaper than buying a banger and running it into the ground. Although a lot of bangers are still quite reliable, often tyres, batteries and exhausts will need replacing which can give you a hefty bill. Also a lot of bangers now are early 2000 cars, which is when electrics really started to kick off. So electronic faults can be rife and can cost a fortune to fix. - A lot of buy to let slumlords have never been better and can afford to splash out on the latest beemer. - Also the UK population is still growing by at least 250,000 people per annum, so sales will go up even if the percentage of population purchasing a car stays the same.
  3. I find it truly remarkable how low they are. How in Gods name are they this low? I understand you have QE, government manipulation and smoke and mirrors but they've managed to maintain it for years and years. Perhaps you can defy gravity?
  4. http://www.guardian.co.uk/commentisfree/2013/jun/05/digital-economy-work-for-free Spot on. Are they finally starting to get it in the graundian, even if their beloved Labour get in power the cosy middle class liberal dream is over?
  5. Max Kieser said there would be a major bond crisis before April 2013 and we'd all be living in the stone age. Sorry but Kieser is a fool. RT love him because he tears into this country. I agree what he says about the BOE, gold and the banks but the guy is so clearly anti-British. Frankie Boyle is a vile chippy Scottish socialist. I have no time for him.
  6. I know several people who work in the car industry and who are saying to me that sales are phenomenal at the moment. I don't understand it. Large scale unemployment. Inflation wiping out purchasing power. Job cuts everywhere. Yet record car sales and record share prices. It's all a bit 2007. A bit unbelievable. I know there are finance deals where any man and his dog can "buy" (rent) a new car. But as people said on here, often people on quite low salaries are forking out £400+ a month for a brand new car. £400 a month is a ridiculous amount of money!
  7. London will only crash when the markets do a U-turn and realise that this triple-A, safe-haven UK nonsense is a complete farce. UK has the one of the highest government deficits in the world, has the highest personal debt in the world and one of the highest foreign liability overall debts. It also has massive social and cultural problems. Look at the London Riots. Lots of ticking time bombs. When the markets turn on the UK, London property will collapse.
  8. So let me get this straight. They are going to build flats on a heavily contaminated, industrial wasteland, which is surrounded by four huge, giant chimneys which could fall over at any time, and will require rebuilding (costing hundreds of £millions) and subsequent maintenance (costing £millions) as they are protected by law. They have no idea about the structural stability of the site,it is highly likely water has ingressed into the masonry and damaged/corroded the internal framing (considering the roof has been off the site for a few decades). I am no structural engineer, but sounds like a can of worms to me. Can't they just leave it be? Why does every old building have to be converted into luxury flats for foreign gangsters or foreign warlords in this country? As it is, I find it an alluring remnant of old London. Call me strange, but it has a kind of magic about it.
  9. I used to be a peak oil doomer up until about 2008, after the oil bubble collapse. I do believe in peak oil but I think it will be an extremely gradual process considering there is literally billions of tonnes of tar sands. Fair enough EROEI will diminish year-after-year and the price will gradually increase (as it has done in real terms over the past 20 years) but there is still huge slack in the system. Considering sales of big SUV's and luxury cars are at an all time high we still have a long way to go. As oil goes up-and-up people will buy smaller and efficient cars, and generally consume less-and-less. It certainly won't be good for the economy, especially when combined with the sucidal economic policies The West has adopted over 40 years, and it will put us into lost decades and continous depression. As a result people will start to think differently about having children (especially once the child-benefit gravy train crashes, as government's default). So I am actually expecting a natural depopulation as the birth rate goes to negative, like it does in most countries stuck in economic depression).
  10. The trouble with HS2 is: 1) It will undoubtedly be built entirely by foreign companies, with foreign workers, foreign track and signalling and foreign rolling stock. Nothing will benefit UK companies. 2) The final price will be at least double if not treble the estimated price 3) The tickets for the train will be totally unaffordable for the average person. In an ideal world HS2 would be a brilliant idea, but in modern Britain forget it. Invest the money in manufacturing. Jaguar Land Rover desperately need more investment for new models, the government should agree to a share investment deal with TATA. That would really benefit UK workers.
  11. I would much rather look over rolling fields rather than Barratt slave boxes. All that is needed in the country is to control immigration and the population will begin to shrink quite considerably. But bizarrely, the nutters in power and in Common Purpose, seem to think it is a brilliant idea to continue mass, virtually unchecked immigration at a population increase of 250k+ per year. Year after year after year. Until that problem is sorted things will get worse.
  12. Exactly. And the same thing is happening here. Openly state you believe in conservative values and you are treated like some sub-human vile piece of scum, especially amongst the brainwashed younger generations. People believe they are entitled to everything from the government. The concept of "self reliance" is non-existent. It terrifies me to think what these people will do, when TSHTF, and big government will leave them fending for themselves.
  13. I don't know if your right. I mentioned yesterday how Amazon were selling a digital camera £300 cheaper on the net than on the highstreet. Presume I was restricted to the highstreet and had to buy that camera, I would be £300 poorer. That £300 I saved I can now spend on anything I want. Perhaps I can buy more tat I don't need. The money has not been lost, I have just got richer. I can buy more bang for my buck. If a newspaper is digitised and I don't have to spend £1 a day buying it, then that £1 I will spend on something else. The internet has made people a lot more "wealthy", despite static wage rises, because it delivers goods and services at such exceptional value.
  14. Yes but in the world of widescreen TV's with crystal clear definition, ultra-realistic computer games, Facebook, endless TV programmes and films at the touch of a button etc you are only going to be appealing to a limited audience. Most people I know probably couldn't remember the last time they went to a museum. It's not that their stupid, just that you can watch about history on the History channel or read about it on the web.
  15. I was in the local town the other day, with a few minutes to kill, so I had a look around and it became quite apparent that virtually every premises in the immediate area was totally and utterly doomed. There were 3 digital camera shops. Went in them to look at a camera to buy. It cost £700 on Amazon, in this shop it was £1000! What on earth can justify that cost? I don't care if they give me the best shopping experience in the world. An extra £300 is a hell of a lot of money, even for rich people, let alone people on my wages. Then of course the bookies. Mainly occupied by old men. The younger generation seldom enter these places, if they are stupid enough to gamble then they will use fruit machines instead or the internet from my experience. Without young people then you are in trouble, as your customer base gradually dies off. The same applies to pubs (as discussed on here recently). I would say 70% of the pubs in my area are destined to close. Not enough people in them, and most people 50+. Independent electrical appliance shops. Again, only used by loyal old customers. Prices are 30%+ higher than larger chain retailers. Poor choice, rip-off servicing costs and less likely to take it back than a big retailer. Even the clothes shops I wonder about. I now buy most of my clothes online, simply because shops never, ever have anything in stock. If something doesn't fit then you can immediately send it back, most online retailers even include a return bag. Book shops are another dying breed. A huge amount of people now have Kindles and even oldies are using them en masse. I know someone who is 50+, said to me they would never, ever buy a Kindle, they got bought one last Christmas, and haven't put it down since. I believe, with time, 60% of the high street shops and premises will become defunct. The decline accelerating as disposable income diminishes in the coming years, thanks to the UK's continuing economic decline.
  16. I would say Europe needs to wipe off a few major car manufacturers, to sort the major overcapacity problem in the car market. Renault Peugeot Vauxhall Volvo will probably be brands in the firing line. All these brands don't really offer any desirability or competitiveness any more. One only has to look at other markets and see the ruthless destruction and consolidation they have been through. For instance the mobile phone market. It's pretty much Apple and Samsung these days, every other brand is losing market share and has or is about to go bankrupt. The mass market auto industry is in need of a big wake up call. Perhaps with time it will just end in the big three of VW, Kia and Ford. Any any other brands will just be deriatives of these manufacturers, "badge engineering" as they call it.
  17. I agree with the first part of this but not the last. I don't think young people abstain from drink for "competitive advantage", but rather because nanny nu-lab has taught them drink is bad for their whole lives, and because, unlike previous generations, this generation does not communicate on a face-to-face level, so does not require the social lubrication that alcohol provides. Many people in this generation now go out with the sole intention of gaining photographs for their facebook page, not to talk to friends, meet new people or to relieve boredom, unlike previous generations. I see this a lot, especially with girls. Their whole night will be orchastrated purely around their facebook page. For instance they will not wear clothes which clash with their recent tagged photos, they will "check in" to the venue they go to on Facebook and post a constant stream of information on what they are doing for the night. Also, they will ensure that many photos are taken, and that in these photos they look like they are having as much fun as possible. They are also the most likely people to spend their night gazing into the screen of their phone, when they're not pretending to have fun. Going out for me is all about meeting people, having a chat, having a dance and getting slaughtered. Bring back the old days pre-facebook, pre-smartphone, pre-smoking ban and when drinks cost £2. They were such bliss!
  18. I am in my mid 20's and I totally agree with you. I actually find my generation and the younger generation before barely drink anything even if they have the money. I think the reasons you discuss for the decline (i.e. the health fascism) are correct but I also think it's more than that. I think my generation are seriously lacking individuality, personality and the desire to communicate with other human beings. A whole life time of playing on computer games, sitting on facebook, watching junk American sitcoms etc has actually influenced upon my generation's personality. In older generations I find you get many more characters. You don't get that with my generation. They listen to the same music, do the same things, they don't have any opinions on anything (if they do then it will be the sterotypical leftie drivel). Just look at the music my generation is creating if you want proof of this. I guess we are the 1984 generation. Best get back to Twitter and tweet about how exciting my life is.
  19. Yes you are correct. The R&D part is actually the major part now. Manufacturing is so automated and globalized that it no longer spreads wealth like it used to. However I based my assumption on the French motor industry, which is like British Leyland in the 1970's; with far too many factories scattered everywhere, striking work force, internal-competition etc. The French motor industry is totally doomed. Unlike us they can't do a Jaguar land Rover and move upmarket, instead they have to compete with the Koreans and soon the Chinese in the mass-market segment. French cars just have no appeal. They are unreliable, look hideous, are poorly made and have nothing going for them whatsoever. If they were made in eastern Europe with German under-pinnings, and the French merely just designed a new grille and interior to tart them up. Then they would sell better.
  20. The motor industry, has some of the most modern, sophisticated manufacturing production facilities yet in many situations is still based on 20th century business models and that is where the problem lies. I think the future lies in a kind of VW situation. Look at what they do, they have a couple of platforms and produce Skodas, VW's, Seats, Audi's and even Bentleys from them. In the future almost all mass-market car manufacturing will move to developing countries, and all cars will be based on a couple of platforms. All the engines and transmissions will be similar. They will be built in mega factories, like virtually every other appliance these days. R&D bases scattered across countries can redesign the external body shell, interior and ride setup to tailor the car to a local market or their clientele. In many ways this is exactly what should happen to Peugeot and Citroen. A car with a German engine and electrics underneth, yet given the French Va-va-voom treatment when it comes to the exterior would likely sell very well. Look at the Fiat 500. it is essentially a German-engineered Ford Ka with a chrome grille and a silly interior. It is built in Poland in a large factory. But the quality is there and it looks good so it sells by the hundreds of thousands.
  21. I know people who have left university with top notch engineering degrees and still struggled to find jobs. http://processengineering.theengineer.co.uk/science-graduates-struggling-to-find-work-despite-skills-shortage/1009926.article
  22. The 1% played the game. Like they have done across every civilization and population since the dawn of time. Look at the kings and clergy of the Middle Ages, the factory owners in Victorian Britain or the emperors during the Roman period. They have always existed and always will. Occasionally their balance of power changes and they go out with a bang, but they are shortly replaced with offspring or fellow psychopaths. The main reason the 1%'s wealth has increased in recent years is mainly down to centralization and globalization. Look at something like Amazon; millions of people now use it, so a select few at the top make an absolute killing. Back 50 years ago, thousands of book shops would have taken the position of Amazon, employing a whole different raft of people on the socio-economic scale. Everyone uses Amazon and the equivalents every day. That is why the rich are so rich. The whole fire of globalization (which makes the rich get richer) is fuelled by you and I wanting cheap clothing, electronics, food etc. The only thing that can stop it is protectionism. Taxing the rich does not work. They employ some very seriously good accountants and lawyers that will literally destroy any tax. You don't think they do this already? The rich being "rich" is merely a symptom of the disease. The cause of the disease is all the reasons I discussed in the previous posts (i.e neo-liberalism).
  23. The government put all these measures in place. They gave the sheeple public sector jobs, EMA, benefits, new ponzi-financed schools and hospitals and a whole other basket of bribes. And the sheep voted for it and loved it. That is where the debt came from. The government went along with the whole Franfurt School Neo-liberal tosh. They destroyed the family unit through their wicked benefits system which encouraged family breakdown. They purposely allowed mass migration to ensure that British demographics was changed "forever". They allowed British industry to be run into the ground in the 1970's. All the people banging on about the 1% have no problem when labour are in power and giving them benefits and non-jobs, yet they never mention how we are going to pay for those jobs. Almost every group in this country is to blame for our economic collapse. The underclass were loving the benefits gravy train, the middle class were loving hpi. No one moaned about the cheap imported goods, no one moaned about their German car or their nice public sector job. It is only when it all went tits up that people started moaning. And of course, they all blame the 1%. Despite the fact they (the population) openely supported and encouraged the mass-ruinous-spending-orgy.
  24. It seems the left-wing brigade keeps bleating about "the 1%" and how everything is their fault. I am going to say no it is not their fault, they have merely benefited from the crisis. Like maggots eating away at a dead carcass. Everything Zanu did was to blame for the crisis. The globalization, mass influx of people, regulation, laws, taxation, lack of protectionist control, selling off the gold, selling off the family silver, the benefits culture, the breakdown of family etc etc are to blame, not the 1% Zanu will get back into power, and they will start taxing the rich, but by that time the economy will be ruined, and every measure they implement will aid the collapse. God knows who Brits will elect in 2020 after 5 more years of Zanu politics.
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