enrieb

Welcome, you have made it thus far, but to become a fully fledged member and receive the full benefits of posting here you must now find and kill an estate agent.

What if we invest our future liabilities (Public sector pensions0 into assets that aren't going to be worth a toss (toxic banks debts) It's austerity measures and a bailout in one easy to swallow pill.

http://www.youtube.com/watch?v=MYK6sTNhVL8&feature=related

Excellent retort, i'm going to memorise this.

Isn't that the Winchester Club from the set of Minder?

No matter how well a person appears to have done from house price inflation, for every £100,000 of value they have gained on their home, their children will be £100,000 worse off when they attempt to buy a home.

They were copper up until 1992, i think.

This current tory/lib coalition does not have the political mandate from the electorate to deal with the economic problems, because people do not realise how bad things could get if we keep trying to reflate the bubble . Labour could easily sweep back into power by promising higher wages, pensions and benefits.

I think what Chomsky would say, based on his previous comments, is that the Internet and forums are types of technology which are double edge swords, like the invention of the printing press/radio/TV the internet has the potential to inform people about issues and also the potential to misinform. The internet is still relatively an elite technology, half the population of the world have yet to even make a phone call, this can be very empowering for us in the developed countries but its not so empowering for the majority of the people throughout the world currently getting shafted. On the internet, a lot of time and energy is diverted away from real issues towards dealing with conspiratorial targets Rothchilds, Bilderbergs, Secret Governments societies etc.. People do realise that their standard of living has been declining for years and are quite understandably very angry, but they get different messages about who to blame, immigrants, the EU, human rights, health and safety, unions and at root of it all Big Government. People blame everything except the one things thats real - concentrations of power and decision making in the hands of a tiny minority at the helm of large multinational corporations. It's very important for big business to have strong government to protect them, but at the same time the corporate news media demonise government creating a mood of anti-politics. And while there's plenty of real things to be angry at the government for, it's generally an anti-politics feeling which leads to people abandoning democratic forms. The government is potentially democratic, it's the one thing you can influence, you don't get a say when a corporation decided to lay off its workforce and build factories in China, which is in-part what led to the trade imbalances causing a vendor financed credit boom. Government is simply the shadow cast on society by big business, attempts to attenuate the shadow will not alter the substance. The internet and social media can by helpful in highlighting and organising efforts to deal with the real issues, but it can also be a hinderance as people become distracted by other issues.

True, thats all they need to do. The competitive devaluation done via QE just pushes the dilemma onto the next player, like some sort of bizarre poker game where you just devalue your chips against the other players. IF the germans did attempt the create a strong Deuchmark 4, which would be much more credible than the Euro, it would be perceived as such a threat the existing US Dollar based global economy that the anti German rhetoric would be deafening and unanimous throughout the western media.

Word on the street, is that a plane touched down at Blackpool airport carrying a film crew and Krusty for a Blackpool special of Location, Location, Location.

What colour's the sky, in your world?

The service economy model trumpeted in the west created trade imbalances exacerbated by globalisation, which created a debt in the west and a surplus of cash overseas. Lacking a safe place to invest, the surplus cash moved into the western stock markets until the 2001 bust, then into the bond market lowering western interest rates. The credit bubble grew and inflated the price of the only thing that could not be imported - houses. Inflated home equity encouraged more spending on foreign goods and more cash surpluses overseas. The problem has not gone away, at the heart of it is an economic model that does not work, we need to build and export real tangible products that we can put on a ship and sell to get out of this, ether that or war. In a book I read about the 1929 bust, it talked about how the crises never really went away, a stock market crisis became an economic crisis, which in turn became a protectionist trade crisis, this eventually became a political crisis, which led to extremists rising to power causing a geo political crisis that led to war. The law of conservation of energy is a law of physics. It states that the total amount of energy in an isolated system remains constant over time (is said to be conserved over time). A consequence of this law is that energy can neither be created nor be destroyed: it can be transformed from one form to another or transferred from one place to another. The only thing that can happen to energy in an isolated system is that it can change form: for instance chemical energy can become kinetic energy; energy can enter or leave a closed system.

Don't forget that Libya had large gold and silver reserves, it wouldn't surprise me if the part of the price for the West helping the rebels is to off load some of those metals into the market.

Large siemens deposit shows up in the ecb?

I suppose their target audience is made up of BTLers and people who have borrowed to much money and bought at the peak. They are firmly in denial when presented with 'doom and gloom' news reports about the economy and housing market so prefer to read the Daily Mail and escape a fantasy world of eternally rising house prices and low mortgage payments. 'Doom and gloom' is an interesting little phrase, a though terminating cliche to minimise all negative information, packing it away in a little envelope that you can hide behind the bread bin.

http://www.youtube.com/watch?v=BeP6CpUnfc0

That's not enough, to superficially deal with a problem this huge he's going to need a catchy slogan.