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Tuberider

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Everything posted by Tuberider

  1. deary deary me, we HAVE struck a nerve havn't we ? carbonoid, let us not kid ourselves here. you are not wealthy either in finacial terms nor friendships. there is just no way somebody as infantile and bitter as you can maintain meaningful human relationships. keep riding that bus and please dont attack any more immigrants.
  2. well not as much as you i guess, as i do not live there fulltime, but i still have some properties there so i visit a few times a year to make sure they are ticking over smoothly and i read the papers online.
  3. i'm not i dont live in the uk. i was born and raised there, but i got my free education some time ago and left. i cannot describe the joy of turning my back on that dump. dreary, depressing....shuffle through the drizzle every day on your way to some soulless job, trying to avoid nasty bile-spitting failures like carbonoid on the bus. at the end of it all you might be lucky enough to own a sh1tbox terraced house when you're 70. not for me thanks, No. Much, much more to life than that.
  4. you're wrong, self-respect is taught to you by your family/parents or significant other. you can then choose to own it or discard it. to get back to the point, there is always jealousy from the host nation population when they see immigrants doing well. i experienced this myself being the child of immigrants. you can argue about exchange rates and the cost of living and the price of pirogies in silesia,but the core of it is jealousy. the poles have the backbone to get up and do something about their predicament. good for them. if they can afford to buy a house back home after 5 years working in a kebab shop in stockwell, then they deserve to do so. the chavs had everything on a plate for so many years- free healthcare, free education, work schemes, training schemes, benefits - did they take advantage of any of it ? fack no. we did though.
  5. i dont know, ive never been on benefits. never been part of that culture. havnt got a clue how it works. always worked. there's always work if you want it. the poles know that.
  6. living on a sink estate with no work and no self respect while the taxpayer funds your vice ridden lifestyle is sane and logical ? i'm glad i was raised to be insane and illogical.
  7. come on man, who are you trying to kid??? when have the english ever emigrated en masse to ever better themselves ? apart from a few brickies in the 80's, they would rather be on benefits and sponge off the state. what is so incredible is the fact that the poles come over with nothing, work horrible low paid jobs and live in sometimes squalid and overcrowded conditions just to give themselves and their children a fighting chance in life, and yet the english STILL begrudge them ! they cant win !
  8. let's be honest, warsawszki is right. the UK was built off the backs of immigrants and today it is no different. the poles do crap low paid jobs because the english dont want to. they would rather be sitting on their arses all day on benefits. that's what you do when you are poor. you take on a crap job, work for low money and work your way up. you might share a house with a few other people in the same boat, until you can improve your situation.. or you can claim benefits and do f-all i think the poles have been excellent for england. they have re-introduced a work ethic for a start. they have filled up the pubs and churches, and now we have some good looking women in england. much nicer to see all those polish lovelies everywhere rather than those hard-bitten ugly UK skanks. big up the poles.
  9. my 2c worth I work for Germans, and have done so for the last 15 years very fair people pay and benefits are excellent - our COE thinks nothing of giving an interest free loan to longterm staff (up to 100k) job security is excellent - they cannot reassure you enough that your job is safe, etc they look after their staff as they realize they are their biggest asset. basically they let you get on with it and dont breathe down your neck. and once they know they can trust you then that's it - they will always trust you. they like to look forward and do not dwell too much on the past they are frugal but not stingy they are looooong termists and despise any sort of short termism and 'quick buck' mentality but what I like most about them is that they are straight. not sneaky or backstabbing. if they have a problem then they scream at each other (or at you) full-on hitler style until it is purged, then things go back to normal. it's quite unnerving at first until you get used to it. but you soon come to realize that it's just their way of getting conflict out in the open and dealing with it head on. when i worked for brits i couldn't stand all the office politics and backstabbing and the fact that once you piss someone off then that's it; you have an enemy in the office for life. i've had full-on screaming matches with my german boss, an hour later things are back to normal - they won't hold anything against you unless 1) it's not personally directed and 2) they understand that you are pissed because you want to do a good job for the benfit of the company and not your own glory/personal gain etc etc I feel very lucky to be working for them actually. with luck i might be semi-retired at 42.
  10. He bought cheap houses with cheap credit and rented them to people who wanted/ needed them. i dont see the problem with him. sure, he doesnt come across as particularly intelligent, but that doesnt mean to say he isnt. the problem lies with the government and the banking elite : a. refusing the reform the debt based monetary system b. refusing to reform the tax system by shifting the onus onto land/assets rather than production I would do EXACTLY the same as he has done (in fact i AM doing so right now). why should i live in this messed up system as a serf when i can be a lord ? if you guys want to start the revolution i am the first in line. but until then focusing your anger at guys like this is just pitiful.
  11. he will come out ok. good luck to him. anybody else here would have done the same thing in his shoes, so lets not be bitter and twisted about it eh
  12. left 12 years ago best thing i ever did as well would never go back shocks me when i visit the uk now and see how miserable everyone is i think gal dove best sums it up in sexy beast : “People say, "Don't you miss it, Gal?" I say, "What, England? Nah. ******ing place. It's a dump. Don't make me laugh. Grey, grimy, sooty. What a shit hole. What a toilet. Every cant with a long face, shuffling about, moaning, all worried. No thanks, not for me." They say, "What's it like, then, Spain?" And I'll say, "It's hot. Hot! Oh, it's ******ing hot! Too hot? Not for me. No. I love it."
  13. agree fully that it sucks hard on the eyes, hard on the brain old one was much much better
  14. if you dont smoke in prison, you better start. otherwise barter is impossible.
  15. another potentially interesting and informative thread descended into banality
  16. you reap what you sow the UK waded into Iraq and Afghanistan with the americans and decimated both those countries...what do they expect ? They should have left the Taliban where they were, at least they were contained and could be controlled with sanctions etc. Now they have ripped Iraq / Afgahnistan to pieces they are wondering why they have a flood of people exiting those countries not to mention all those soldiers being killed, young men with their whole lives ahead of them torn to pieces for propaganda what do we give a toss if there is an islamist regime in afghanistan ?
  17. How DARE you bring up the Bengali Holocaust ! The Jews have a monopoly on suffering ! Next you'll be suggesting that Hollywood make a movie about it starring Liam Neeson !
  18. I thought that was how it worked now anyway... i think that those in power (and i mean the moneymasters, not the litte puppets like brown, merkel, obama etc) have decided that they want a european superpower with a currency that will dominate all others the new holy roman empire, for those with religious and/or TFH persuasions
  19. thats what i reckon... iceland-style meltdown soon then the english will be begging to join
  20. Euro will not collapse, despite what idiots like Ambrose Evans Pritchard say. It's here to stay. Holding it together, even with the PIGS on board, is far less trouble than the chaos and anarchy which would ensue should they let it fall apart UK will join, no doubt about it. Only question is when. Link Euro makes Europe's world go round The single currency may not be universally admired, but its durability has disarmed its opponents, says Jeremy Warner. Telegraph By Jeremy Warner Published: 6:45PM BST 17 Sep 2009 Comments 22 | Comment on this article The single currency has survived because the line that has been held on the stability and growth pact has been roundly ignored The annoying thing about economics is that nearly all issues of any importance can convincingly be argued either way. It is only the long passage of time that validates one line of analysis over another, and even then, established orthodoxies get periodically overturned according to the fashion of the age. So it is with the euro, whose benefits or otherwise for member countries will still be debated by economists years from now. To attempt monetary union among once warring nations with radically different legal and cultural traditions, and without the common Treasury function that usually stands behind major currencies, would always be a contentious project. Yet, there is at least one thing to be said in the euro's favour, which is that it is well established as a credible form of exchange. So far, it has withstood both internal and external pressures. What is more, it has achieved reserve currency status. Many believed it would never get off the ground at all, such were the complexities of the new currency. But thus far it has defied its critics. The single currency's introduction was a masterpiece of Teutonic planning, executed with military precision. Having been proved wrong about its birth, sceptics then turned their attention to the euro's sustainability, roundly declaring that it couldn't possibly last. Eventually, they predicted, it would collapse under the weight of its own contradictions. So far it hasn't. Yet the reasons for this durability are not what you would expect. Even before the economic crisis, the rules and principles supposed to underpin the euro and provide a modicum of fiscal cement between member states were being routinely compromised. Since the credit crunch broke, it is not so much a coach and horses that have been driven through the stability and growth pact – the rules that are meant to limit the budget deficit of member countries to no more than three per cent of GDP – as the whole train set. With fiscal deficits around the eurozone spiralling out of control, the pact is toast, or suspended for the duration of the crisis, depending on how charitably you want to view events. Surely this would mark the beginning of the end for the euro? Yet again, it has not. The single currency has survived because the line that has been held on the stability and growth pact has been roundly ignored. Toleration of unruly behaviour has saved the euro from forced or voluntary withdrawal. What is more, this catastrophic collapse in internal discipline has not had any noticeable adverse effect on the euro's international stature. To the contrary, the crisis has enhanced the euro's appeal as a reserve currency alternative to the dollar. I won't argue that the euro remains a benefit to all its members. Some weaker, less competitive states would undoubtedly benefit from a lower exchange rate, just as the core union of Germany and France might arguably be better off without the millstone of Italy, Portugal, Greece and others hanging around its neck. If Germany and France were on their own, they could better tailor monetary policy to their own needs, while the implicit cross-subsidy from Germany of weaker member countries would disappear. Bond yields in Germany would fall to close to zero and the Bundesbank would be able to follow the Bank of England into quantitative easing. This is why the clever-clogs' answer to the question "Which country might leave the euro first because of present tensions?" is not Ireland, Spain or others suffering crushing economic contraction and unemployment as a result of the crisis, but Germany, the euro's spiritual and physical centre. In reality, no one will leave any time soon. Far from the crisis undermining the euro, says Willem Buiter of the London School of Economics, the single currency has proved a bulwark against the crisis. The economic situation among peripheral members of the euro is grave, but just think how much worse it would be if the likes of Ireland, Italy and Spain had floating exchange rates. Another who thinks the euro has been vindicated by the financial and economic crisis, rather than undermined by it, is Richard Portes, professor of economics at the London Business School. Without the euro, he contends, there would be catastrophic currency crisis in all these countries, on top of the existing financial and economic maelstrom, causing interest rates to sky rocket and the already dramatic contraction to deepen further. Government deficits in most of these countries would have become virtually impossible to finance, forcing even deeper cuts in public spending than those already being pushed through. Nor would the banking system in these countries have had access to the European Central Bank's virtually limitless lender of last resort facilities. In Ireland, the banks would have gone down much more comprehensively than they have. Iceland demonstrates just how vulnerable small countries with big financial services industries can be to a sudden loss of international confidence. The country went bust alongside the banking system. Countries that don't enjoy the protection of reserve currency status are highly vulnerable to financial crisis. Luckily for Britain, sterling retains some reserve currency attributes. Foreigners are still happy to hold sterling, which remains in use extensively in international trade. That has helped protect Britain from some of the worst consequences of the crisis, in the same way as the single currency is shielding smaller members of the eurozone. According to Prof Portes, devaluation would provide no kind of permanent cure for peripheral eurozone members, for it would rapidly get translated into higher inflation, leading to a further loss of competitiveness. Foreign exchange chaos would also have had potentially dramatic adverse consequences for intra-European trade, which has grown enormously since the introduction of the euro. The idea that Germany would gain from leaving the euro is equally ridiculous. No other country has gained as much from the euro as Germany, to the extent that it is sometimes mischievously said that by enslaving the rest of Europe to Germany the single currency has finally succeeded where the Third Reich failed. Maybe it was planned that way, but in fact Germany has largely earned its own success in this regard by using the euro to improve the competitiveness of its economy and major industries. That this hasn't happened in Italy, for example, has nothing to do with Germany or any supposed flaws in the euro, but is largely down to Italy's dysfunctional political system, which has stood in the way of structural reform. Germany's growing economic might on the European continent has none the less exposed a weakness common to all fixed exchange rate systems. When Germany still had its own currency, any improvement in the competitiveness of its industry would be partially countered through an upward adjustment in the exchange rate, making its exports more expensive and imports correspondingly cheaper. This pressure valve is no longer available, with the result that an ever growing trade gap has opened up between Germany and other less successful members of the eurozone, rather like the one that exists between China and the US. For every trade imbalance, there is an equal capital imbalance, with Germany effectively lending the less competitive deficit nations both within the euro and on its fringes the money they need to buy German goods. Germany has gained substantially from this dynamic, but it is plainly not a sustainable one. Imbalances have a nasty habit of unwinding suddenly, painfully and catastrophically, as we have learned during the global banking crisis. To date, the relationship between surplus and deficit nations within the eurozone has been largely symbiotic, but it may not remain so. Part of the answer is for deficit countries to raise their game. They must spend less and produce more. But if the euro is to build on the success it has achieved, Germany has to accept that it too has obligations. It must save less and consume more. As it happens, that's precisely what Germany is doing right now. A very substantial fiscal stimulus has been enacted to counter the recession. But it's temporary, and Germany is itching to return to the old normality, however unsustainable it might be. None of these issues can or indeed should be addressed in the way commonly assumed, which is for Germany to bail out the more distressed members of the euro. This is not because such action would be illegal. There are lots of ways around the Maastricht ban on one government guaranteeing the debt of another. Rather it is because it would be politically unacceptable. No German government, even one as apparently unassailable as that of Angela Merkel's, could hope to survive for long if it chose to bail out Ireland or Greece over applying the money at home. Instead, Germany has to find more effective and permanent ways of boosting domestic demand. If it does not, then it is indeed reasonable to fear for the future of the euro, and indeed European harmony more generally.
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