Gideon Gono Posted June 11, 2009 Share Posted June 11, 2009 (edited) yes, it's called tax credits. Have you seen the bill for funding this malarchy ? GOMR is a TFH Edited June 11, 2009 by Gideon Gono Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 Pleasure to educate you as you would say. sat eating ma popcorn, watching it all in super slooooooooooooooooow motion my young bull. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 (edited) you need to moves the 'quote'. edited - hee..hee, I see you moved it at the same time as I was telling you. I bet you panicked for about 10 seconds there:D Edited June 11, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted June 11, 2009 Author Share Posted June 11, 2009 You'd be better off asking this question on a thread where someone is predicting a V shaped recovery starting today.Otherwise it looks a bit like a strawman argument. If New Labour don't think it'll do any good over the next 12 months, why try it? they know it will create a mirage thats why, they need that mirage by polling day, but the public are generally not quite that naive, i said generally, theres 1 or 2 on hpc who are Solving a debt problem with more debt.What could possibly go wrong? in a nutshell, thats exactly what they're doing + fools here are endorsing it, will they never learn the lesson or do they simply have nowhere else to run? Ok genius give us your economic proposals as to what you would have done and why they would be successful?Next question for you it is widely accepted that iressponsible lending by banks got us into the credit crunch. So does the BoE regulate the UK banks, does the Fed regulate the US banks? does the ECB regulate the Euro Banks? So third question what did role did central banks play in creating the credit crunch then? i'm not paid to educate you, ralph, do your own homework, but if you think solving a debt and bubble crisis is best achieved by more debt and more bubble then you clearly would learn nothing even from the best of tutors Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted June 11, 2009 Share Posted June 11, 2009 sat eating ma popcorn, watching it all in super slooooooooooooooooow motion my young bull. Popcorn in Wakefield, your are a fraud that is luxury. Pork Pie and mushy peas was the standard fare when I was last there in the 1980's. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 (edited) i'm not paid to educate you, ralph, do your own homework, but if you think solving a debt and bubble crisis is best achieved by more debt and more bubble then you clearly would learn nothing even from the best of tutors you know they are on a mission don't you ? hence the lack of explanations from myself. I will do it for the genuine posters & have done on many occasions over the years. That's how I learnt. edited - usual bad spelling & clumsy finger combo Edited June 11, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted June 11, 2009 Share Posted June 11, 2009 they know it will create a mirage thats why, they need that mirage by polling day, but the public are generally not quite that naive, i said generally, theres 1 or 2 on hpc who arein a nutshell, thats exactly what they're doing + fools here are endorsing it, will they never learn the lesson or do they simply have nowhere else to run? i'm not paid to educate you, ralph, do your own homework, but if you think solving a debt and bubble crisis is best achieved by more debt and more bubble then you clearly would learn nothing even from the best of tutors I will say it again. If you start a thread encouraging debate and discussion then refuse to engage in debate and discussion what is the point. Do you do this just to get FanBoi points? Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted June 11, 2009 Author Share Posted June 11, 2009 one final thing to say on this: its clear the younger generation have been brainwashed into a culture of debt is good, debt is normal, live today on money you might be able to repay tomorrow if you employ positive thinking, man. frankly this conditioning is perverse when as pervasive as its become, its a real departure from whats been known for centuries which is that debt as a way of life is to be avoided at all costs, and even shakespeare (whoever he was) said neither a borrower nor a lender be - you know theres a reason for those wisdoms down the years. thanks for tuning in we'll be back after the news with Sue from Ilford who can't understand why the man she met on Tuesday and slept with last night no longer calls her Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted June 11, 2009 Share Posted June 11, 2009 GOMR is a TFH Are you sure? I haven't made my mind up yet. Quote Link to comment Share on other sites More sharing options...
Gideon Gono Posted June 11, 2009 Share Posted June 11, 2009 Are you sure? I haven't made my mind up yet. 100% - Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted June 11, 2009 Author Share Posted June 11, 2009 you know they are on a mission don't you ?hence the lack of explanations from myself. I will do it for the genuine posters & have done on many occasions over the years. That's how I learnt. +1 I will say it again. If you start a thread encouraging debate and discussion then refuse to engage in debate and discussion what is the point. Do you do this just to get FanBoi points? you want to start a debate on something else thats boring to me and is basic stuff, i'm asking why this magic bullet isnt perma-used all the time the world over if its such a road to prosperity. you dont answer that one because you know as well as i that its about as much the answer to economic strife as holding up a bank with a gun. theres your answer in the same vain as the questions you ask. you said you're confuesed (sic), you aint kidding. Quote Link to comment Share on other sites More sharing options...
Deckard Posted June 11, 2009 Share Posted June 11, 2009 GOMR is a TFH No he isn't. He is THE TFH, aren't you gommie? Quote Link to comment Share on other sites More sharing options...
Gideon Gono Posted June 11, 2009 Share Posted June 11, 2009 one final thing to say on this: its clear the younger generation have been brainwashed into a culture of debt is good, debt is normal, live today on money you might be able to repay tomorrow if you employ positive thinking, man. frankly this conditioning is perverse when as pervasive as its become, its a real departure from whats been known for centuries which is that debt as a way of life is to be avoided at all costs, and even shakespeare (whoever he was) said neither a borrower nor a lender be - you know theres a reason for those wisdoms down the years.thanks for tuning in we'll be back after the news with Sue from Ilford who can't understand why the man she met on Tuesday and slept with last night no longer calls her Debt is normal. Did your parent have a mortgage? Did your grand parents? Did Britain after 2 world wars? Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted June 11, 2009 Share Posted June 11, 2009 (edited) +1you want to start a debate on something else thats boring to me and is basic stuff, i'm asking why this magic bullet isnt perma-used all the time the world over if its such a road to prosperity. you dont answer that one because you know as well as i that its about as much the answer to economic strife as holding up a bank with a gun. theres your answer in the same vain as the questions you ask. you said you're confuesed (sic), you aint kidding. and I replied with my first post on the thread that previous recessions were caused by the fear of inflation and this one was caused by the fear of defaltion. Edit: and to address your point of why has it not been used before, it has when Japan faced delation in the 80's and 90's they lowered interest rates to near zero and printed money. Edited June 11, 2009 by ralphmalph Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 Are you sure? I haven't made my mind up yet. No he isn't.He is THE TFH, aren't you gommie? actually no. Who remembers that guy with pictures of his underground (or poss above I can't remember) bunker type building. It was brilliant. He had about 1-2 years worth of food & a whole load of other stuff. H Can anyone remember his name ? he posted in 2007 iirc. Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted June 11, 2009 Share Posted June 11, 2009 100% - Is that 100% guaranteed or not? Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted June 11, 2009 Share Posted June 11, 2009 actually no. Who remembers that guy with pictures of his underground (or poss above I can't remember) bunker type building. It was brilliant. He had about 1-2 years worth of food & a whole load of other stuff. H Can anyone remember his name ? he posted in 2007 iirc. Wasn't he from somewhere in Yorkshire and called Glum Old Man or something similar? Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 Is that 100% guaranteed or not? I agree, the guarantee is very important. Otherwise it's just 100%. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 11, 2009 Share Posted June 11, 2009 How many times does this have to be repeated until you understand it!Since the 1930's all recessions have been caused by inflation, not price rises but too much money growth in the economy. So the central banks reduce the rate of money growth by rising interest rates. This recession has been caused by a reduction in money in the economy, hence the name credit crunch. So Central banks want to increase the growth of money in the economy hence the lowering of interest rates and printing of money in certain countries worst affected. But how many recessions have been caused by higher interest rates and the need for bigger growth to service the debt? Quote Link to comment Share on other sites More sharing options...
Caveat Mortgagor Posted June 11, 2009 Share Posted June 11, 2009 Not seen this question asked before in plain terms.Do the sincere bulls here (excl vi bluffers) not ask themself: if its so easy to do a V-shaped recovery into a kwikboom like we're allegedly on the cusp of, then why didn't governments adopt this years ago and stick to it? surely there must be disadvantages or the whole world would just go 1/2pc interest and print money whenever things looked slow? Do the sincere bulls really understand the mechanism? Do the journalists who report 'recession over', come to that? Bulls, do you think this is some new answer to all our woes without serious consequences? Do you think life's that simple? Duuuuuuuuuurrrrhhhhh! Gordon saved the world. He is the first and only statesman/superhero capable of such econo-financial genius. In other news, Paul Daniels says he performs real magic and its not trickery. Also the bloke who boffed Claudia Schiffer and made the statue of liberty disappear claims there was no use of either smoke or mirrors! Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 Wasn't he from somewhere in Yorkshire and called Glum Old Man or something similar? seriously though.... can anyone remember him?? I used to really enjoy his posts. If you are watching, please post. I would like to see how you are doing & what your thoughts are. Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted June 11, 2009 Share Posted June 11, 2009 But how many recessions have been caused by higher interest rates and the need for bigger growth to service the debt? None so far but we may find out in the next couple of years. Quote Link to comment Share on other sites More sharing options...
uptherebels Posted June 11, 2009 Share Posted June 11, 2009 Debt is normal. You are welcome to it. I don't want any thanks. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted June 11, 2009 Share Posted June 11, 2009 (edited) You are welcome to it. I don't want any thanks. we don't have any debt at all now. It's a great feeling. Although we will need a small mortgage when we do buy in a couple of years or so. I am also educating my 2 children to not take on any debt & we are paying for their Uni education so that they don't have ANY loans/debt at all when they finish. After that then it's up to them. I do feel immensely sorry though for the children who do not have any support (I know what it feels like because I was one), & have to take on huge amounts of student debt in the name of a degree/masters. also, anyone qualifying now or in the next 2 years or so are going to be completely knackered for work (unless highly specialised). Purely down to historical economic cycle timing.....nothing else, completely out of their control. Edited June 11, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted June 11, 2009 Author Share Posted June 11, 2009 Debt is normal. Did your parent have a mortgage? Did your grand parents? Did Britain after 2 world wars? no i said debt as a way of life, not debt for a roof over your head which for most has no alternative, although being held to ransom by ponzis making that roof pyramid priced is another story. debt as a way of life is about acquiring everything on debt and spending most or all a lifetime making repayments for something or the other - that's the brainwashing this govt more than any other has pushed, partly because it's hiked taxes so much people have to be in debt just to keep out of prison for not paying the multitude of compulsory levies slapping every citizen daily, how many new taxes since they came to power? the message > "debt is good, debt is wealth - get in debt to pay your tax, get in debt to keep property ponzis going & flipper MPs + their VI chums in business, + the shops full". political spivs' materialism. and I replied with my first post on the thread that previous recessions were caused by the fear of inflation and this one was caused by the fear of defaltion.Edit: and to address your point of why has it not been used before, it has when Japan faced delation in the 80's and 90's they lowered interest rates to near zero and printed money. Japan etc well thats what I'm asking isnt it, what good did it do Japan? Japan was/is no success story after its qe & 0%. but it had more to offer than we ever will, and still it fell flat. Duuuuuuuuuurrrrhhhhh! Gordon saved the world. He is the first and only statesman/superhero capable of such econo-financial genius. gordon, what would we do without him and his sidekick penfold, between them they have dimmed the lights on the stain they made on the carpet You are welcome to it. I don't want any thanks. +1 they are trying to make everyone a debt slave to keep their ponzi going we have to work like fools so they can sit by the pool and shout orders into their mobiles, well its been like that for some time but now they're taking the p-ss into overdrive driving around today i am amazed at the number of sold boards i see, it's like the int rate cut aftermath in 2005 all over again - bubble blue touch paper seems lit again, unbelievably, it just doesnt make sense at all in the economic big picture, people must either really fear inflation on their str fund or be financially illiterate to buy now Quote Link to comment Share on other sites More sharing options...
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