Game_Over
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Posts posted by Game_Over
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Every time the ECB has been tested eventually it has delivered.
Don't fight the Fed is one saying, don't fight the ECB could be another.
Ultimately they have shown willingness to deal with the issues (eventually) even if how they will be accounted for is yet to be resolved. If will probably be by a combination of different measures slowly over time.
IMHO this is good news for HPCers as my guess is that attention will now become more focused on the smaller economies such as the UK. There have been a number of posts alluding to this over the past few days...
This greater attention could prove interesting.
They haven't dealt with anything - let alone the underlying issues.
All they are doing is kicking the can further down the road thus ensuring an even more catastrophic outcome in the future.
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Haven't they only printed about a third of the UK equivalent. Proper austerity in some countries as well.
We are also going to Hell in a handcart.
The big state social welfare model pursued in the West since WW2 is bankrupt.
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Euro is on its way
to Hell in a handcart
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It's called 'mass democracy'. So long as 51% can vote to rob the other 49%, nothing will change.
It will change when we inevitably go bankrupt.
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Argentina is a winner then?
If you default then don't reform then you will still not recover
Anyway - how is the Japanese economy doing these days?
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Because it's not evenly distributed all over the world, but rather concentrated in western countries. Why is that so hard to understand?
And if the West defaults who exactly is going to buy everything produced in China etc?
And what exactly will be the value of the Trillions of Dollars China and others hold in reserve?
If the West defaults - the only winners will be - The West.
Same as if you lend me 20k which I piss up the wall then refuse to pay you back
who wins - you or me?
Why is this so hard for YOU to understand?
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Eh?
He is probably implying your 'work' involves watching Jeremy Kyle all day
Are you a TV critic by any chance?
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But this time last year you were telling us that Osborne should borrow and spend as much as possible with interest rates at historic lows!
If you say so.
If I did I must have been on acid at the time.
What I might have said is that the Governments policies were resulting in record low borrowing costs - on a par with Germany
but all this can do is buy time.
We have two choices
20 years of austerity
or a 5 year piss up followed by sovereign default resulting in the most savage cuts in our history.
In fact this is the choice faced by almost every nation in the Western World.
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My vote goes to bankrupt the country again in record time.
Still, it is apparently what the public wants.
But what do the 'Evil Tory' brigade actually think will happen?
This is what really intrigues me.
Do people actually believe that we can save the economy by engineering yet another debt fueled boom?
Is that what people really think?
Perhaps they do.
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So no one who wants the Evil Tories out
is actually prepared to set out what difference this will make?
If a one eyed lunatic drives your car over a cliff
It is meaningless who then grabs the steering wheel
or whether you stamp on the brake or the accelerator.
I'm not even convinced that Labour wants to win the next election
because they could easily have won the last one if everyone else in the Labour Party, apart from Gordon
hadn't decided we were about to be served up a massive sh*t sandwich.
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How many benefited from the eventual taking of the tax free allowance from around £5k to £10k? Quite a few id imagine, given average earnings arent that high.
It seems people would rather a 100% tax rate with HMG giving them a little pocket money in 'benefit' or 'tax credit' form each week
We've become a nation of dependent little children.
Well this was Gordon's plan and it appears to have worked.
Beyond a one party state I'm really not sure what the purpose was though
because the logical conclusion of such policies is complete economic failure
even with a one party state.
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The obvious solution is to implement policies that increase working incomes for the poor raising them above the thresholds needed for claiming benefits, or as a result at least lowering the amount they are eligible to claim.. UK corporates are sitting on some 750 billion, and adding to it at a rate of 150 billion a year, its not like they cannot afford it.
Of course it depends on which is more important, votes, or political donations, 100k a year jobs for the family, and 100k a year jobs for themselves when they leave parliament.
What exactly does 'sitting on' 750 Billion actually mean in the real World?
Seize all this wealth then and see what happens
because there are plenty of examples where this has been tried
and the outcome has always been the same.
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Who said anything about Labour? This is all about the Tories and their failure to "make work pay" for seven million families - which will equate to over 10 million voters...
So the Evil Tories lose the next election
what then?
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And what are you expecting the next Labour Government to achieve exactly?
The last one went on a debt fueled spending spree that left the country essentially bankrupt
same as the previous Labour Government.
I am genuinely interested, because unless you think that it is possible to print wealth
or end a sovereign debt crisis by borrowing
How exactly will things be any different?
IMHO they will either do exactly the same as the current shower or they will bankrupt the country again in record time.
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Absolutely shocking example of a missed apostrophe. They ought to be ashamed of themselves, on the front page too.
I suppose this is what happens when you prefer Socialists to Communists
The German ruling elite made the same mistake.
Turned out that German National Socialists were worse than Soviet Socialists.
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The problems start at home after watching their parents live a life on benefits. They do not realise the importance of education if you want to get on in life.
Most of the kids who are failing have working parents
at least on the estate where I live.
Although admittedly many are living in step families.
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The Daily Mail backed him through the 1930s as the owner was pals with both Hitler and Mussolini!
http://en.wikipedia.org/wiki/Daily_Mail#Inter-war_period
A nasty paper for nasty people!
Shouldn't be surprised
given that the Mail backed Nu Labour to the hilt
as the editor was best mates with Gordon Brown.
As you say
Nasty paper for nasty people.
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One can only hope that the fear of becoming poor and hungry will force the incompetent ones to do something about it. How else will they survive?
Benefits.
Our only hope as a nation is that Labour wins the next election
and prints and borrows us to prosperity.
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So glad that I was born in Poland. I guess it taught me how to cope in life. Even when things go wrong I only blame myself. A man can't afford to sit down and feel sorry for himself like a little girl.
Anyway, is it really that difficult? My advice to all young people. Find one thing (a profession or a skill) and become positively obsessed with it. Live it, breathe it, keep thinking about it all the time.
It could be anything: from gardening to accounting, etc. There's plenty of knowledge to be picked up for free: countless internet videos, articles, etc. If you don't have internet, go to your local library - they should allow you to use their computers.
The biggest problem is the fact that becoming good at something means you have to give up your xbox and spend lots of your 'free' time on perfecting your skills. Giving up booze and junk food also helps a lot (mind becomes sharper and more focused).
There's plenty of jobs for passionate workers willing to progress. There's very few jobs for passionless sugar-driven zombies.
Here's an interesting article about those 'poor' boys and girls:
Arnold Clark: More than 80 per cent of apprentice applicants 'unemployable'
Everything quoted in the article as a problem suggests that the education system is at fault.
Kids are the same the World over, why are ours failing?
And it's all very well demonising and denegrating our youth
but at the end of the day they aren't going anywhere.
If the state can't educate them then the state is going to have to pay them to do nothing for the rest of their lives.
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What's unclear is that you believe that the state education system is created by a flawed ideology, yet in the next sentence claim it was fine up until recently.
I have no problem believing your experience, or that social mobility has decreased massively over the past few decades, however I obviously have different views on what the real root causes are.
I believe it was wrecked by possibly well meaning, but misguided, ideologically driven changes.
I actually wouldn't bring grammar schools back
but the triage approach adopted by the state comprehensive system is not acceptable IMO
nor is the lack of commitment by many - but not all - teachers in the state system.
I also believe that the breakdown in discipline in schools in largely due to left wing ideological changes
which don't help either pupils OR teachers in the state system.
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Well I think many are disagreeing because they simply didn't understand what point you were making and to be honest while you've made an effort, it still isn't very clear.
You can't really say the system used to be good and then pin the problem on the ideology that created the system.
Since this contradiction lies at the root of your entire argument, you can maybe see the problem I have.
Personally, I did very well in the current education system, all entirely my own work, from a lower middle class/working class background, starting secondary school in 1987. I did GCSEs, although there was less coursework than I'm told there is now and I went to a grammar school, which still exist in Northern Ireland.
However I'm intelligent enough to realise that my anecdotal evidence doesn't paint the only picture of the education system - at the time I could see that people who did well were those who were good at exams (tutors were unheard of in my day in NI, even among richer pupils) and people with other skills or those who didn't fancy university simply weren't catered for.
Coursework was introduced to get around the exam bias, while there may be unintended consequences, what would you offer as an alternative?
I would have to go with the view that the education system always has been fundamentally flawed, whether private or state, for the reasons it came about in the first place - essentially to provide obedient workers.
However I don't see this changing any time soon and i think the current problem more than anything else is the anti-intellectualism that comes hand in hand with consumerism.
My life experience is that I was born in a poor working class town to working class parents.
Although I went to Grammar School my parents expected me to leave school at 16 and contribute to the family income.
As a result I was stuck in dead end jobs for 30 years.
As a result of this I decided to try and get my kids to Uni - if they wanted to go.
However, since I went to school it has now become incredibly difficult for kids in poor working class towns to get to uni.
All my parents had to do was not stop me
Whereas I had to sweat blood for years to stop the system ruining my kids chances.
I think the social mobility stats back up my own experience to be honest.
The reason I started down this route was - someone said they would be very interested why I thought the education system was failing kids
from this I, perhaps mistakenly, concluded that they believed there was not a problem and wanted to know why I thought their was.
The main problems my kids had were with coursework which dragged their marks down - straight exams is a much fairer system
but this is being resisted because it stops middle class kids cheating.
The fact that my kids spent the majority of their time in education with a Labour government in power leads me to hold Labour responsible for what happened during those years - which seems fair.
Not sure what is unclear about any of this.
Anyway for the sake of my sanity I am admitting defeat on this one.
As I said before - no one wants to believe - although I don't really blame them for this
I didn't until I had to go through the grinder myself.
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To be honest I've yet to figure out what your point is.
Is it the state system or the ideology behind it?
Or is it the exam system, because this is where most of your complaints seem to lie?
You also make the point that private schools simply have more resources to do better at the exams, so maybe it isn't the state system or the ideology that is the problem?
Then you state that you need to be a near genius to get A grades unaided, yet at the same time the entire point of the socialist system is to give everyone the same marks.
As well as this, I haven't really seen anyone on this thread defending the current system.
You can see why I'm confused.
The thread was supposed to be about young people not being able to cope with life
My argument was that this was due to family breakdown and the failure of the state education system.
People then asked me why I thought the state education system was failing.
I then simply stated why I thought it was failing.
The system itself is a result of an ideology - so which is to blame is a moot point.
I think the system needs reforming
everyone else appears to think that it is either not cr*p
or has always been cr*p.
My own feeling - which is supported by the UK's plunge down international comparison tables is that it used to be pretty good and then got worse and worse.
The fact that Labour were in power during much of this time is apparently a coincidence.
My position is that one of the main reasons young people cannot cope with life is because they have been sold a lie and comprehensively failed by the state education system
TBH I have no idea what anyone else's position is
apart from the fact that everyone seems compelled to automatically contradict everything I post
No we don't......
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That you live in cloud cuckoo land and haven't noticed that most people will help their children get the best possible grades, if not the best possible education?
Yep.
One of my older pals at state school had a father who was a lecturer at a further education college in Physics. He got 99% in his mock Physics exam as his Dad got him a copy of the paper in advance. This stuff has been going on since they invented exams, and certainly went on all through the time the Tories replaced O levels with GCSEs.
But you blame Labour?
The widespread introduction of coursework in most subjects led to a middle class cheating bonanza
and destroyed the chances of most bright working class kids to achieve their true potential.
Look at what has happened to the percentage of state educated kids going to Oxbridge after 13 years of
Educashun, educashun, educashun
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I haven't read the entire thread but have to disagree with
In my experience anyone of average intelligence (myself, for example) is more than capable of getting a grade C or better in A level maths. But you do have to put in consistent effort.
I think you are underestimating your own abilities
probably because you were failed by the state education system.
The Threat To The Euro Is Over
in House prices and the economy
Posted
Quite.
And the road there is paved with good intentions.