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mel in w9

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Everything posted by mel in w9

  1. Great post, and very interesting thread. Thank you.
  2. Well based on the fact that he is the leader of the only majority government in the whole of the UK. And considering the Scottish system was initially designed to make it nearly impossible for any one party to have a real majority, it takes a fairly shrewd and intelligent politician to pull it off. He doesn't think the financial markets are going to magically save Britain. But why don't we just see which side of the border is in better shape in 5 years time. Yes, I know your Tory government will save you.
  3. And the debate descends into name calling once again... I intend to help work toward independence. And in 10 years time when Scotland has an economy on par with Norway's (remember Scotland has a whisky industry which is nearly as big as the oil industry), and England is on par with Ireland. We can compare which government was more successful.
  4. 9 out of the last 12 years. (6 years in Edinburgh, the last 3 in London. Was back in the States from 2005-2008) BTW, I think what is about to happen to the UK is far, far worse than anything that has happened yet. Which may be why Balls seemed so smug. He knows when the s**t really hits the fan, it will be Cameron/Osborne at the helm not Brown/Darling. I am no New Labour fan. Personally I see no difference between Tony Blair and David Cameron. But I tell you if this country hits the bottom with the Tories in the drivers seat, I suspect you will see the return of the Reds pretty quickly and for the foreseeable future. I am glad I am moving back to Scotland next month. Personally I think Alex Salmond has more sense and intelligence than this entire coalition (and shadow) cabinet combined!
  5. Well I do admit, he did seem to relish the fact that this economy is going to crash with Cameron/Osborne at the helm.
  6. The sad fact is that as much of jerk as Balls comes off as. He is still far preferable to that bozo Osborne, who actually controls the finances of this nation. Osborne inspires as much confidence to me, as a chocolate teapot. This country is really screwed.
  7. So does the government (ie the taxpayer) initially fund the building of these homes? And what happens if they can't sell them? Does the government (ie. the taxpayer) still have to pay the money? And what massive construction projects are on the horizon in the UK? Take the Shard building which is currently being built in London. When completed it will be the tallest building in Europe. It is supposed to have world class office space and pent house apartments. But it is in one of the crappiest parts of London. (I know I have walked over to see it). I wouldn't live in that area if you paid me. Why on earth would uber wealthy people want to live there? It's not even on the river, its pretty far inland. Perhaps the idea is that when you are up in the sky who cares about the people below? Unless they plan on redeveloping and moving out 85% of Southwark council, this area is not going to change any time soon. Besides where are you going to relocate all of these people? I think building more inadequate housing is not a solution. Like I said before (and others have said as well) there is no shortage of housing space (even in London). There is a shortage of AFFORDABLE housing. Building more at prices no one can afford isn't going to solve that problem. But I suppose it may make some of your private construction company buddies a wad full of (taxpayer) cash in the process.
  8. I completely agree. I live in London, and there is no shortage of housing. There is a shortage of AFFORDABLE housing. More crappy new builds filling up the SE is not going to solve this problem. BTW, there must be 100's of Thousands of square meters of empty office space just in Westminster alone. Why don't they convert some of this space into flats. Many of these buildings sit almost completely vacant. (some are brand new). Clearly that much office space is not needed.
  9. First of all, why would the USA scrap the dollar? What is more likely to happen is the USD will cease to be the supreme currency in the world. The US will still have dollars, but they may just be more on par with a country who is NOT the main currency of the world but has almost $15 Trillion in debt. Not sure what that might look like. BTW, you do realize that China's biggest export market is the EU NOT the US. In that respect China may be more interested in what happens to the Euro than the USD.
  10. What I am trying to say (although apparently not very effectively), is that when the BIG collapse comes, it is going to impact everyone. If you think about it, any person who has a mortgage is buying a house they cannot afford. Only people who are in a position to pay cash for the full asking price are buying something they can afford. When your economy spirals downward, it tends to take everyone with it. Except those with enough money to leave. I mean if you were excessively wealthy would you want to live in a country full of people living in tents and in their cars (or even in empty office space).
  11. I think when all is said and done, the average Greek is going to be better off than the average Brit. In Greece, they have strong family ties. For example, they don't tend to send off their old parents to live in a home. They live much more off the land. Even the poorest families eat better than most British families. When push comes to shove, they can survive with very little. I know its a really popular sentiment on these threads to blame the "lazy public worker". But I think if you did a bit of digging, you would find the biggest tax evaders in Greece tended to be the wealthy. Of course, when things got really bad, I suppose the majority of these people probably just left. Bit like Britain, when the [email protected]@t hits the fan, the wealthy will just leave.
  12. That is what I don't understand about the majority people who post here. You cheer on your own demise. It's odd to say the least. I have always thought it odd that the UK followed the US much more so then it followed the rest of Europe. But wanting to follow the US down the path of rampant homelessness and extreme poverty, is bizarre. At least in Greece and Spain people seem to be fighting back against the "powers that be". Here in the UK many seem to be welcoming the vultures with open arms. I can only hope this mindset really is in the minority.
  13. If you have no money, how do you move? And where do you move to? And where are these jobs going to come from? I don't think you understand. People who are foreclosed on, are forcibly removed from their homes. They are not given another home to move in to. Which is why in America people live in their cars and in tents (Don't believe me, look it up). Of course, some people are fortunate and can perhaps go and live with family elsewhere, but this assumes you have family who have any space for you. It's not some great down scaling of millions. It's more like making millions homeless. Unless, you think in the UK all these people are going go into council housing. But as there seems to be a great shortage of that here, I can't see that being an option for the majority.
  14. I have no solution. Hell I imagine if I did, I wouldn't be sitting at my dining room table posting on this board. I think what I wrote is inevitable for the UK. I just happen to believe most people don't seem to understand the reality of what they seem to be advocating? What is going to happen in the UK if millions of people lose their homes? Where are they going to live? I just think when it happens here it is going to be REALLY ugly for everyone.
  15. I agree with you Tricksy. I initially joined this site because I was interested in house prices in this country. I think they are far too high (especially in places like London, where I live). Initially I agreed with many here that the nation needed a BIG house price crash. But over the last few months, I am having a bit of change of opinion. I have watched what has happened in the USA with the massive house price falls. 28% of American homeowners have been foreclosed on. 2/3 of homeowners in the US are in negative equity. Unemployment is sky high. People are NOT spending money. The economy has been devastated. Much of this is directly linked to the massive falls in housing. A house is (for most of us) the biggest purchase we will ever make. Yes, millions of people were caught up in easy credit, and the buying frenzy of the early 2000's. But even if most people knew house prices were not going to keep going up and up. I doubt many people thought property was going to spiral downward with almost no end in site. The American economy is not better than that of Ireland, or Spain or Greece. It is just that it is the USA and so somewhat untouchable by the likes of the IMF. Now Britain is a VERY different story. It is NOT America. I have no doubt that when "the party is over". Those loan sharks at the IMF are going to come sniffing around here. So while so many are praying for the day that it all comes tumbling down (and personally I think it is inevitable for the UK). I don't believe many people seem to understand what that really means. Yes, you may be able to buy a house which was once 200K for 85K. But would you touch it, if you weren't sure how much more it would fall?? Not to mention, has anyone even begun to think about where all those who's homes were foreclosed on would live. In America they live in their cars, and in tents. As Britain is a mere fraction of the size; tent cities all over the place would be a real blight on the land.
  16. Thanks for the intelligent response ralphmalph (a Happy Days fan, by any chance?). I still think with all its problems, the EU is in a better state than the USA. Like I have written elsewhere, the USA has FAR more debt than the whole of the EU combined. Yet they still manage to keep their AAA rating- odd? I think the US is just months away from total collapse. I know the ripple effect for the rest of the world may be large, or will it?
  17. Sorry I am not going to get into some mud slinging debate here. I don't resort to name calling an individual. I find when someone does it is more a reflection of that person then the person they are attacking. It does nothing to further debate or your position it just makes you look angry and weak. But perhaps if the shoe fits...
  18. I had never heard of a Bitcoin until I read this thread. They sound an odd thing to invest in, but then if you make money off of them at some point I suppose they must be okay. But why wouldn't you just buy silver or gold coins, too expensive now?
  19. It will be interesting to see what it actually sells for.
  20. Fantastic article. Is it really that surprising that the IMF is a corrupt, corporatist organization which attempts to operate in the best interest of the USA? Not really. Yes, I too believe DSK was completely set up. I mean since when does the US government give a rat's ass about the sexual exploitations of a foreign dignitary? Umm, they don't. Unless said foreign person is a threat to their monetary system and economy. If the USD was NOT the primary currency of the world, do you think the US could get away with $14.3 TRILLION of debt. (Anyone else wonder how they are going to pay it back?) The US economy is about to fall and fall big. It is a shame Obama didn't take more drastic action with the financial sector when he had the chance. Now I think it is just too late.
  21. Interesting article. So the WHOLE of the European Union control only 30% of the IMF while one single country (USA) has 17% control. So much for the IMF being a fair and balanced organization. As a side note: I remember reading an article in a San Francisco paper back in 1999. It was about how Bill Clinton was key in ensuring the UK didn't join the euro. Apparently the "special relationship" with Tony Blair extended to many areas. I suppose the US realized (before the euro even came into existence) that if Britain joined it would be the death knell of the USD. I have to say for all this yelling about the demise of the euro, one does wonder if the USD and/or the GBP may not implode first. Considering the German economy could eat the British economy for lunch, I wouldn't count against the euro.
  22. And you wonder why I don't respond to most of the rubbish which is directed toward me on this board. Probably because I am a bit above the whole name calling thing. What are you 12? I have certainly learned from years of debating right wing hot heads (here and in America), that when they can offer no real facts or no real counter argument, they resort to name calling. I guess I have been proven right once again...
  23. Are David Cameron and George Osborne factored into this...
  24. Good analogy. At least with Monopoly when the game is over you fold up the board and put it away. Get back to real life...
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