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About Debbie568

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  1. I'm inclined to agree with you. Countries with a much less regulated market than ours illustrate the perils of a true free market. Places like Columbia and Somalia come to mind. With no safety net of social welfare, people are deprived of housing, so set up on common ground, some kind of shanty town. Since there's no price regulation in the labour market, employers could offer work at 50p an hour. There would be plenty of takers at this price, since to not work could mean dying of starvation. While we do already have this situation, i.e. people are already free to work for however little them
  2. Let's see. His unfortunate health situation aside, he had plenty of servants, a big enough home to be able to go somewhere within the castle walls and not be disturbed for a couple of hours, loads of first class entertainment - theatre, music, hunting just outside the castle gates, books, poets, horse riding, archery - all available to him day or night at his command. He could not only have a hot bath whenever he wanted, he probably had a few women folk who could wash his back for him.... he probably ate handsomely, all fresh food, prepared by a retinue of servants. When he went to sleep he pr
  3. We can already tell what happens when the free market, without a welfare state, operates, with minimal government intervention and minimal taxes. There's plenty of countries around the world to illustrate how it would work. Columbia and Somalia come to mind. As you say, those no longer required get nothing. With no resources available to them to pay rent, they would become homeless, and have to find some common land somewhere to camp out on. In places like Hong Kong, with insufficient land to permit this, you get to live in cages for a nominal fee. So even for that dubious "secure place of
  4. Lived on benefits any time recently, have you? I'd rather be a king in medieval times. The benefits system is a giant breeding scheme, - maybe someone weird and wonderful in the government thinks that if we could just get to the same population as the USA, we too could go back to being a world power.....
  5. I think he should get a second job. A couple of nights a week, pulling the pints in a local pub, - he'll have the extra income he needs, a bit of congenial company on the way, and be able to leave his credit cards alone for a while in no time. With tips he should be able to clear £150 a week. What on earth does he spend his money on? Is he a shopaholic? Britain is one of the most boring places to shop I have ever lived in.
  6. Yes, being constantly on the move when you rent is one of the less appealing sides of renting. I dread the day we move on, because we have accumulated so much stuff since we have been here packing it is going to take at least a week. But unlike the rest of Northern Europe, where tenants have plenty of rights, we're more of a place where people buy rather than rent, - egged on by every government since, and including, Maggie Thatcher's - and the only people who rent (and are therefore deserving of shoddy uncaring treatment?), are people who can't afford to buy. It's possible the landlord only
  7. Greece might well be able to withdraw from the Euro of their own volition, but I don't see how any other country like Germany can force them out of the Euro. So far, both Greeks and the Greek government are saying they want to stay with the Euro. Say they do default on all their loans. What exactly does Germany think it can do to then stop them using the Euro as their currency? Say the same thing happened here. Currently the wealth of London subsidises the value of our currency for pretty much every other country in the UK. Say all the countries involved become independent. How exactly would
  8. Yes, you may well get all of your money back.....eventually. By the time you get it, you could have aged several months. As for their "firewall", they still have a parent company who presumably could help themselves to Santander UK's money at any time, assuming they have some lying around, through an intercompany loan. Why take the risk?
  9. Some of the suggestions turned out to be quite interesting - thanks for posting them
  10. If you bank with an RBS branch outside Scotland or a Natwest branch outside England and Wales, then now would be a good time to move your accounts if you want to stay within the RBS group, because it has just been announced that Santander is taking over RBS branch network outside of Scotland and Natwest's in Scotland (not sure about which other country's Natwest branches they are taking over.) RBS staff (not sure about Natwest) have been told under the agreement terms with Santander, they are NOT allowed to advise customers about their options if they don't want to go with Santander. But rel
  11. That's the inevitable result of ever higher prices in low wage economies like Britain, combined with a "I want it, and I want it now" culture.
  12. It may be the case in Britain that the standard of living of the bottom decile of the population has risen throughout most of our history, but for vast swathes of the world is this really the case? Poverty is on the rise in the western world, and has been for years. The real income of the poorest members of our society has been falling, nor rising, year on year. America, Nigeria, Britain, Fiji, - there are more and more people according to reports in the media (not always reliable, I'll admit) falling through the cracks. How do you figure, in Britain for example, that while we are losing out
  13. Those self certified loans are, and have been, coming up for redemption. The banks' preferred position, realising they should never have lent the money in the first place, is to refuse to refinance the loan into another fixed rate contract, forcing all these borrowers onto the STV. For many of these borrowers the "killer" effect of this is because the remaining term is also reduced. We know someone who self certified and has a 25 year mortgage at a fixed 3.3% for 5 years and now has to go onto a standard variable rate of 5.69%. He was saying his repayments have gone from £880 a month to £1086
  14. We all need somewhere to live. If, in the place we want to live, it is cheaper to buy than to rent, - and this would be the case in many locales in Britain - then surely it is practical to take on some debt and buy a place to live? If you want to work, but can only afford to live in a place that doesn't have good enough public transport links to get you to where the work is (Merthyr to Cardiff is a good example, but I am sure there are plenty of others) then surely it is practical, if you have insufficient savings, to borrow some money to buy a car? My point was that a lot of debt is incurre
  15. No riots in Spain? Really? How about this in Barcelona at the end of March this year: http://www.abc.net.au/news/2012-03-30/austerity-measures-prompt-riots-in-spain/3924254
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