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DabHand

For The Love Of God, Just Stop!

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We have entered the opening act of financial and economic armageddon caused by the inevitable failure of the debt based ponzi growth model.

As one poster has in his sig, "if the disease is debt then repayment is the cure". And what is it l hear from our erstwhile leaders? Is repayment being mooted? No, apparently they are competing with eachother to announce how much more of your money they are going to spend, how much more they are going to borrow from your future wealth and the wealth of your children.

Lets not talk about how we actually use this money better, nothing about getting improving services so we get more for our money. No, apparently the voter isn't interested in such things, we simply want them to spend even more of our money with no actual goals, no objectives or "Milestones". No, spending more money we don't have is has become an objective in itself.

Of course lets change spending to "investment" and carry on as before. We are heading for a brick wall, and the lunatics are pressing hard on the accelerator. Its ok though, they have renamed the pedal: a velocity multiplier.

Our own leadership class is intellectually bankrupt. They have no vision, courage or imagination. They treat the electorate like children, where more spending = better. A nice easy box to tick, to parade in front of the drooling masses in return for their votes. I doubt the political classes have the wit or ability to manage this issue any other way. We are prisoners in a monopoly of the mediocre.

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We have entered the opening act of financial and economic armageddon caused by the inevitable failure of the debt based ponzi growth model.

As one poster has in his sig, "if the disease is debt then repayment is the cure". And what is it l hear from our erstwhile leaders? Is repayment being mooted? No, apparently they are competing with eachother to announce how much more of your money they are going to spend, how much more they are going to borrow from your future wealth and the wealth of your children.

Lets not talk about how we actually use this money better, nothing about getting improving services so we get more for our money. No, apparently the voter isn't interested in such things, we simply want them to spend even more of our money with no actual goals, no objectives or "Milestones". No, spending more money we don't have is has become an objective in itself.

Of course lets change spending to "investment" and carry on as before. We are heading for a brick wall, and the lunatics are pressing hard on the accelerator. Its ok though, they have renamed the pedal: a velocity multiplier.

Our own leadership class is intellectually bankrupt. They have no vision, courage or imagination. They treat the electorate like children, where more spending = better. A nice easy box to tick, to parade in front of the drooling masses in return for their votes. I doubt the political classes have the wit or ability to manage this issue any other way. We are prisoners in a monopoly of the mediocre.

The public want to spend and they vote in the mediocre people.

Come to think of it I actually I have no clue who to vote for. Single issue parties are of no use unless they pressure the main parties into coming up with something original as in the pirate party but ultimately we need a party that can handle education,economy etc.. not just standing on immigration.

Who is going to save the people from themselves?

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they are competing with eachother to announce how much more of your money they are going to spend, how much more they are going to borrow

Good point.

We have no leaders, except for a few individualists like Vince Cable (now gone a bit quiet, I notice).

We only have incumbents, expense fiddlers, talkers.

Gordon Brown is quoted, during his term as Chancellor, as saying that a "a good Chancellor is one

that gets out at the right time".

They all know that their time is short and uncertain. They must fiddle, promise and talk their way

through a term or two of office, before they sink into comfortable retirement.

Borrowers, spenders, wasters all - they compound their ineptitude by talking about "hard working families"

who, if they truly be so, show more thrift, more sheer common sense and more perspicacity than

these fiddlers who put themselves in the position of mis-administrating the gains of that very thrift.

Edited by PotNoodle

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Guest มร หล&#3
We have entered the opening act of financial and economic armageddon caused by the inevitable failure of the debt based ponzi growth model.

As one poster has in his sig, "if the disease is debt then repayment is the cure". And what is it l hear from our erstwhile leaders? Is repayment being mooted? No, apparently they are competing with eachother to announce how much more of your money they are going to spend, how much more they are going to borrow from your future wealth and the wealth of your children.

Lets not talk about how we actually use this money better, nothing about getting improving services so we get more for our money. No, apparently the voter isn't interested in such things, we simply want them to spend even more of our money with no actual goals, no objectives or "Milestones". No, spending more money we don't have is has become an objective in itself.

Of course lets change spending to "investment" and carry on as before. We are heading for a brick wall, and the lunatics are pressing hard on the accelerator. Its ok though, they have renamed the pedal: a velocity multiplier.

Our own leadership class is intellectually bankrupt. They have no vision, courage or imagination. They treat the electorate like children, where more spending = better. A nice easy box to tick, to parade in front of the drooling masses in return for their votes. I doubt the political classes have the wit or ability to manage this issue any other way. We are prisoners in a monopoly of the mediocre.

You should be grateful you live in the such a utopia. It's the new paradigm . . . . dontcha know!

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We are prisoners in a monopoly of the mediocre.

And that is why if you wish to enjoy the remains of the day you should consider leaving the country.

Our leaders are prisoners to their own Groupthink and we suffer as a result.

Edited by Dave Spart

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The fist 45 seconds are worth a good laugh!

"Government by the management consultants ..."

http://news.bbc.co.uk/1/hi/uk_politics/8103771.stm

*sigh* ... tax us to go about making investigations ... 50p per telephone-household (shall we say 20mil people) is 10mil GBP/month ... that's a lot of analysis! Seems they are planning sweet nothing in action.

Aidanapword

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It'll all work out in the end. It always does. We'll just pay higher taxes, pubic services will be cut and Britain's place in the world will slip further down the ladder. But these processes have been going on for over 50 years already, give or take the odd blip.

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Debt is wealth.

Debt is consumption.

Debt is growth.

Debt is future prosperity.

This is the mantra, educate yourself and learn the truth.

The entire political elite have no plan, they have run out of ideas they are just trying to somehow get this system working again looking for another debt funded bubble.

It's possible they have now run out of bubbles or the ability to create a bubble big enough to mop up this collapse.

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Good point.

We have no leaders, except for a few individualists like Vince Cable (now gone a bit quiet, I notice).

We only have incumbents, expense fiddlers, talkers.

Gordon Brown is quoted, during his term as Chancellor, as saying that a "a good Chancellor is one

that gets out at the right time".

They all know that their time is short and uncertain. They must fiddle, promise and talk their way

through a term or two of office, before they sink into comfortable retirement.

Borrowers, spenders, wasters all.

I see the same at work. Even the brightest most capable people have limits. A massive chronic problem can sit there literally like an elephant in the room and there will be no effort to fix it. Its scale is simply beyond the scope of any one individual to grasp, let alone conceive a way to address it. Instead people suffer a sort of cognitive dissonance, coming up with reasons why they can't even take a moment to try, preferring instead to take on trivial issues, to give the outward impression of work and progress.

I used to presume these people were incompetent or lazy, but l'm beginning to think that in our "deferred success" society, people are simply s**t scared of failing. This goes hand in hand with the loss of ownership and accountability in the corporate workplace. No one is responsible for anything, and l often comment (at work) that the behaviour and culture of large companies mirrors the very behaviour of our own governments. Fiddle for a bit and hope you can move on before the whole lot comes crashing down.

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By coincidence I had just this morning changed my avatar to reflect my thoughts on the current regime which I see align with the sentiments in this thread. We are being run by greedy idiots, who are voted for by lazy idiots.

Edited by mikthe20

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And then we had Darling on R4 this morning talking about how regulation of the banks can just be tweaked so as to avoid a repeat of the credit crunch. In this too, making the difficult changes just seems too much for them.

We often talk about denial in the housing market, but it seems to me that there is a far greater level of denial about the economy as a whole. Regular posters on these boards (excusing the ramping bulls) seem to be amongst the few that really get the s**t we are in. Outside this 'community' it's like the world has changed but no one has noticed it yet. I understand so little compared to most posters here, and as such I have moments where I give in to the denial, wondering if people on here can really be right? "Look it's sunny, our politicians seem fairly content to carry on as before, la la la la la."

It's not just me sitting here waiting for a chain of events to finally bring the house of cards down, is it? How long can we keep patching the ship up before she finally sinks? 1 year, 3, 5, 10?

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Guest pioneer31

I had to laugh at Gordon yesterday. "Britain will lead the world in digital revolution"....that's why we're aiming for 2MB Broadband whilst the far East is already enjoying 100MB.

The guy doesn't realise how silly he sounds.

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I had to laugh at Gordon yesterday. "Britain will lead the world in digital revolution"....that's why we're aiming for 2MB Broadband whilst the far East is already enjoying 100MB.

The guy doesn't realise how silly he sounds.

Where? 100mb far east where?

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I had to laugh at Gordon yesterday. "Britain will lead the world in digital revolution"....that's why we're aiming for 2MB Broadband whilst the far East is already enjoying 100MB.

The guy doesn't realise how silly he sounds.

He keeps talking about the world.

Either inadvertently when he was mocked in the House for his unintentional slip,

or by purpose when he keeps trying to pretend that either this country, or himself

as the spokesperson for it, has some right to be significant.

Would that he concentrated on the issues that truly concern him.

(In which case he would not be where he is.)

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Guest DissipatedYouthIsValuable
Where? 100mb far east where?

The civilised Far East.

Where they sell schoolgirl's used panties in vending machines and generally eat a lot of fish.

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Guest มร หล&#3
The civilised Far East.

Where they sell schoolgirl's used panties in vending machines and generally eat a lot of fish.

Ah so, the Japanese.

1. I have 20 kbps buffalo band.

2. Pornography and anything illicit is banned in this country. Seriously! :lol:

3. I had a tuna sandwich the other day for the first time in four months.

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The problem is that given the monetary system we have the politicians are basically right, the only hope is that people will get spending because repayment or default is death to the system. The problem is actually debt based money, not simply debt. The massive debts are simply the natural consequence of chosing to create the vast majority of our money by credit.

Repayment isn't the answer, fundamental monetary reform is. And for that to happen the current system probably needs to crash and burn.

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Most people are blissfully unaware that when the socialists repeat the "investment" mantra they mean more debt. They fall for the investment is good - cuts are bad mantra.

It needs the meedya, and in particular the tabloids and main TV news, to constantly replace the word investment with the word debt whenever it is used.

Cameron should simply hold up a chart of the UKs projected borrowing per family with the words 'Labour's debt' whenever he is on tv instead of opening his mouth.

Most people can't get their head around the numbers, they need a picture. Me included.

They should spell out how much this 'investment' will cost each of us.

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Guest X-QUORK
2. Pornography and anything illicit is banned in this country. Seriously! :lol:

However, selling one's daughter to western businessmen has yet to reach the statute books.

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This will all be resolved by war.

Indeed.

In fact, one could argue that this has been tried (and failed) on a small scale twice in the last few years, so perhaps what you should have said was:

This will be resolved by a gigantic, World-razing, TEOTWAKI, read-Revelations-for-a-preview of a war

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Guest X-QUORK
The problem is that given the monetary system we have the politicians are basically right, the only hope is that people will get spending because repayment or default is death to the system. The problem is actually debt based money, not simply debt. The massive debts are simply the natural consequence of chosing to create the vast majority of our money by credit.

Repayment isn't the answer, fundamental monetary reform is. And for that to happen the current system probably needs to crash and burn.

Nail, head, etc.

Trouble is the current system is as set in stone as any of the big religions, not even the biggest financial crisis since 1929 can change it.

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