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lowrentyieldmakessense(honest!)

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Posts posted by lowrentyieldmakessense(honest!)

  1. So you are saying that you want the government to protect YOU from gangsters and warlords but you want them to sit back (Like they did in the thirties) and let millions of people live in abject poverty whilst living in the worlds fourth richest country.

    Nice sense of priorities! I wish I could be that selfish - life would be so simple.

    government and bankers caused and dragged out the 1930's depression

    if they had sat back there would have been a lot less suffering

  2. Another issue. With people living to 900 years old now it ends up being old people who are struggling themselves looking after very old, often senile people.

    what was the state pension age though ;)

    The oldest person in the Bible was Methuselah at 969 years, then later God lowered the average life span to 120 years, and then even lower to our current average of 70 to 80 years--and this because of the increasing wickedness of mankind.

    Adam lived 930 years, and then he died. [Genesis 5:5]

    Seth lived 912 years, and then he died. [Genesis 5:8]

    Enosh lived 905 years, and then he died. [Genesis 5:11]

    Kenan lived 910 years, and then he died. [Genesis 5:14]

    Mahalalel lived 895 years, and then he died. [Genesis 5:17]

    Jared lived 962 years, and then he died. [Genesis 5:20]

    Methuselah lived 969 years, and then he died. [Genesis 5:27]

    Lamech lived 777 years, and then he died. [Genesis 5:31]

    Then the LORD said, "My Spirit will not contend with man forever, for he is mortal; his days will be a hundred and twenty years." [Genesis 6:3]

    "The length of our days is seventy years - or eighty, if we have the strength; yet their span is but trouble and sorrow, for they quickly pass, and we fly away." [Psalm 90:10]

  3. WTF is your point? Honestly, I'm getting hacked off at replying to this rubbish.

    PRICE FIXING DOESN'T WORK. I've said it many times, I've said it again. NMW is price fixing. What IS your point?

    Look at my signature, read my posts. DO YOU THINK I LIKE INFLATION OR THE BANKING SYSTEM OR THE RENTIER CLASSES?! I've posted endlessly about both of the above, yet some how you are trying to blame me for not doing it more?!

    "somone like you who argues about fixed markets" - Of just f**k off... I never said that either, nor suggested it. I said we didn't have a free market, not that I like fixed markets. Really, should I have to spell this out?!

    What I object to is poor policy, which won't fix the problems, but will just make it worse. NMW is one of them - it's not our wages which are too low, it's our cost of living (housing) which is too high.

    Either you have comprehension problems or you're a wind up merchant.

    I read some of the thoughts on this thread and despair

    and then I think well I could just make money betting against these fools

    and then I think what would be the point as they will all gang up on me and want to steal it anyway

  4. I had money in Ing , HBOS , B&B and Nat West at one stage and got sick to death of comparing interest rates and having the hassle of moving stuff about.

    It got to the stage where i thought ****** it and stuck it all in a savings bond with Barclays. I now don't have to think about it for the next 4 years , apart from the worry of Barclays going under but if that scenario unfolded then i think my money would be the least of my problems.

    In 2 or 3 years time if interest rates have shot up then i will be regretting the decision to lock it all in but not having to deal with a bank clerk or call centre operative for 5 whole years will be some consolation.

    inflation

  5. How does that help them?

    I am sick and tired of my wages being taxed to subsidise companies who pay people far below a living wage in this country.

    The minimum wage should be £15k.

    Housing benefit, tax credits should be scrapped for all those in work.

    Invalidity should be scrapped for all those who CAN work.

    Then, instead of gloating at Europe about their Unemployment problem we could start dealing with ours.

    dont worry its collapsing anyway

    15k why stop there

  6. I am trying to get 10K I have in an A&L esaver account closed - 27 mins on phone so far. They keep refusing to do it by forcing me to make a branch appointment to discuss new accounts.

    Asked to speak to a manager - have to go back into the queue. Thankfully, I found the 0845 number on the MSE website as opposed to A&L's 5p per minute number.

    At this rate my rubbish interest will go in a call to them.

    Lousy IMPO.

    dont tell them you are closing the account

    transfer down to the minimum balance first and then close it

  7. lets make it £100,000 per week like those england footballers

    link

    All demand curves are falling, and the demand for hiring labor is no exception. Hence, laws that prohibit employment at any wage that is relevant to the market (a minimum wage of 10 cents an hour would have little or no impact) must result in outlawing employment and hence causing unemployment.

    If the minimum wage is, in short, raised from $3.35 to $4.55 an hour, the consequence is to disemploy, permanently, those who would have been hired at rates in between these two rates. Since the demand curve for any sort of labor (as for any factor of production) is set by the perceived marginal productivity of that labor, this means that the people who will be disemployed and devastated by this prohibition will be precisely the "marginal" (lowest wage) workers, e.g. blacks and teenagers, the very workers whom the advocates of the minimum wage are claiming to foster and protect.

    The advocates of the minimum wage and its periodic boosting reply that all this is scare talk and that minimum wage rates do not and never have caused any unemployment. The proper riposte is to raise them one better; all right, if the minimum wage is such a wonderful anti-poverty measure, and can have no unemployment-raising effects, why are you such pikers? Why you are helping the working poor by such piddling amounts? Why stop at $4.55 an hour? Why not $10 an hour? $100? $1,000?

    It is obvious that the minimum wage advocates do not pursue their own logic, because if they push it to such heights, virtually the entire labor force will be disemployed. In short, you can have as much unemployment as you want, simply by pushing the legally minimum wage high enough.

  8. no shit Nick

    link

    What are are potential sources of fragility or danger that you're keeping an eye on?

    The massive one is government deficits. As an analogy: You often have planes landing two hours late. In some cases, when you have volcanos, you can land two or three weeks late. How often have you landed two hours early? Never. It's the same with deficits. The errors tend to go one way rather than the other. When I wrote The Black Swan, I realized there was a huge bias in the way people estimate deficits and make forecasts. Typically things costs more, which is chronic. Governments that try to shoot for a surplus hardly ever reach it.

    The problem is getting runaway. It's becoming a pure Ponzi scheme. It's very nonlinear: You need more and more debt just to stay where you are. And what broke [convicted financier Bernard] Madoff is going to break governments. They need to find new suckers all the time. And unfortunately the world has run out of suckers.

    You're saying that what is supposed to be the safest place to invest, government debt, is in some ways the most dangerous?

    Unless you invest in your own home currency in very short-term Treasury bills. Because governments can print more of their own currency, the risk comes from a rise in interest rates rather than a government default. When you have hyperinflation, deficits, or debt problems, with short-term bills you can catch higher interest rates to compensate you for the inflation or whatever return you've missed.

    I dont think the world has quite run out of suckers just yet

  9. I went to my doctors with an ear problem. He seemed very keen to test for diabetes, although I had not presented any symptoms. I refused, sorted myself out with ear wax drops (which was the problem) and changed doctor.

    A few years back I read that the doctor scored more points (and more funding) depending on what he diagnosed, with diabetes being high up the list.

    Just made me wonder...

    do you have a history of asthma in the family

    they seem quite keen on diagnosing our three children with it everytime they have a severe cough

  10. boo

    link

    Typically when people are exposed in a scandal their first reaction is a cover-up. The most notorious examples of this are the Nixon administration, when it doctored the Watergate tapes, and Arthur Anderson, which shredded millions of pages of documents relating to audits of Enron Corp.

    The LBMA has now commenced a cover-up with respect to the gold trading activities of its member bullion banks, withdrawing statistics from the public domain.

    This appears not to be the only cover-up going on in the gold market.

    For years the International Monetary Fund has made great fanfare of its mere contemplation of selling some of its gold, and actual sales by the IMF have been widely publicized. Since February the IMF has been surreptitiously selling large tonnages of gold each month, but these sales now are to be found only by digging through the IMF's financial statements, and even there the recipients of the gold are not disclosed. (See Reference 6 below.) One has to wonder why the IMF now is trying to fly under the radar with its gold sales.

    Similarly it was recently discovered that the Bank for International Settlements didn't feel it necessary to announce its involvement in the largest gold swap in history, 346 tonnes. (See Reference 7 below.) The BIS swaps instead were discovered only because a market analyst dug through the footnotes of the bank's financial statements.

    These developments have all the hallmarks of cover-ups.

    In June the LBMA trading statistics showed that in May 2010 the average net daily trading in gold by LBMA member banks jumped a massive 50 percent from the month before to 24 million ounces each day from 16 million ounces each day. That translates to $7.5 trillion annually. If an operation is running on a razor-thin fractional reserve basis, such step changes are often fatal.

    It appears that a run on the bullion banks has commenced.

    There is a cover-up of back-door injections of liquidity of physical gold, and the LBMA now is trying to conceal trading information.

    When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.
    Bastiat
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