eric pebble Posted December 27, 2017 Share Posted December 27, 2017 Is it all going to happen again????/ Watch this: Quote Link to comment Share on other sites More sharing options...
LittlePig Posted December 27, 2017 Share Posted December 27, 2017 13 minutes ago, eric pebble said: Is it all going to happen again????/ Watch this: Quote Link to comment Share on other sites More sharing options...
MrXxx Posted December 27, 2017 Share Posted December 27, 2017 We were ` told` that it couldn't be allowed to happen, but what do you financially aware members of HPC think would have really happened if the Govt had allowed free-market economics to have taken place, and not bailed out the banks? Quote Link to comment Share on other sites More sharing options...
HowMuch! Posted December 27, 2017 Share Posted December 27, 2017 I thought the banks have had access to free money every since... Quote Link to comment Share on other sites More sharing options...
Bricks n' mortar Posted December 28, 2017 Share Posted December 28, 2017 I just gotta say, I really enjoyed listening to How soon is Now, right after watching the Paul Mason Piece. "See, I've already waited too long... And all my hope is gone..." When Cameron said he was a fan of the Smiths - i think he was imagining me reflecting on these lyrics. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 28, 2017 Share Posted December 28, 2017 6 hours ago, Bricks n' mortar said: When Cameron said he was a fan of the Smiths - i think he was imagining me reflecting on these lyrics. That, or he is a liar. Oh.... Quote Link to comment Share on other sites More sharing options...
UnconventionalWisdom Posted December 28, 2017 Share Posted December 28, 2017 11 hours ago, MrXxx said: We were ` told` that it couldn't be allowed to happen, but what do you financially aware members of HPC think would have really happened if the Govt had allowed free-market economics to have taken place, and not bailed out the banks? If a few were allowed to go under (and if others had survived), then they wouldn't be so reckless. Lender of last resort means they are happy to taken the risk as they know they'll be bailed out. The interesting question is what will they do if it happens again. Changing it so the banks legally own your money when you deposit it suggests they are entertaining the idea of bail ins. Quote Link to comment Share on other sites More sharing options...
Wayward Posted December 28, 2017 Share Posted December 28, 2017 Don't most financial crises have a forerunning before the biggie?? After the first crisis there is a back to normal delusion phase before the main behaviour changing crisis. Look at the railway mania for example..? Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted December 28, 2017 Share Posted December 28, 2017 (edited) It's always good to hear a bit of the Smiths and I'd peg Ca-moron as a liar rather than a Smiths fan.. Not watched the vid but I'd say it's pretty much a certainty eventually, since the government have done nothing to reign in reckless bankers having done everything to bail them out of the consequences of their greed and irresponsibility last time. It's becoming more and more overtly obvious that the economy is sliding towards the abyss once again (having been on no-holds-barred life support for the last 10 years) and no doubt the banks are balls-deep in this mess as usual. Only a matter of time IMO. It's going to be interesting to see how everything fares in the bleak first few months of 2018 and things really start to bite in the post-Chrismas spending vacuum.. Edited December 28, 2017 by ftb_fml Quote Link to comment Share on other sites More sharing options...
winkie Posted December 28, 2017 Share Posted December 28, 2017 Quote Link to comment Share on other sites More sharing options...
Doner Kebab Posted December 28, 2017 Share Posted December 28, 2017 And since then house prices have doubled again in many regions. Jesus wept. Quote Link to comment Share on other sites More sharing options...
dougless Posted December 28, 2017 Share Posted December 28, 2017 39 minutes ago, ftb_fml said: It's going to be interesting to see how everything fares in the bleak first few months of 2018 and things really start to bite in the post-Chrismas spending vacuum.. This is what I have been thinking for a while now. Boxing day sales were down apparently but I don't think it can all be blamed on Black Friday. The New Year will be very interesting..... Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 28, 2017 Share Posted December 28, 2017 Squaddies fight squaddies on a Saturday night out, and Bankers try to make as much money as possible. Even he ever vigilante BoE is windy on the amount of credit in the system. Nothing's been done to bring realism, yet there is a recession around the corner, and Brexit too! Quote Link to comment Share on other sites More sharing options...
Simhadri Posted December 28, 2017 Share Posted December 28, 2017 1 hour ago, Sperm Donor said: And since then house prices have doubled again in many regions. Jesus wept. Quote Link to comment Share on other sites More sharing options...
Thorn Posted December 28, 2017 Share Posted December 28, 2017 5 hours ago, Freezer? Best place for it said: That, or he is a liar. Oh.... That’s right - remember him trying to say which football team he supported? Aston Villa. No, wait...that wasn’t it... Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 28, 2017 Share Posted December 28, 2017 14 minutes ago, Thorn said: Aston Villa. No, wait...that wasn’t it... Or get rid of the deficit. Or major concessions from the EU. Or immigration in tens of thousands. Or stay on as PM. Or stay on as MP etc etc.... An awful lot of mis-speaking. Quote Link to comment Share on other sites More sharing options...
Errol Posted December 28, 2017 Share Posted December 28, 2017 18 hours ago, HowMuch! said: I thought the banks have had access to free money every since... Law has also been changed now to allow any future bailouts and BoE support to be done in secret. There will be no publicity or announcements about what is going on this time. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 28, 2017 Share Posted December 28, 2017 1 hour ago, Errol said: Law has also been changed now to allow any future bailouts and BoE support to be done in secret. There will be no publicity or announcements about what is going on this time. I know such a law was passed. Just when was that? And isn't transparency the relevant mantra, until you want secrecy? Quote Link to comment Share on other sites More sharing options...
Guillotine Posted December 28, 2017 Share Posted December 28, 2017 Eric, I know you have been consistent in your criticism of the immorality of liar loans and so on for many a long year. Beyond reproach for this forum But if you knew we were headed for another ten years of price inflation, would you jump on board? (I'm not suggesting that is probable). Quote Link to comment Share on other sites More sharing options...
Ah-so Posted December 28, 2017 Share Posted December 28, 2017 1 hour ago, Errol said: Law has also been changed now to allow any future bailouts and BoE support to be done in secret. There will be no publicity or announcements about what is going on this time. Can you remind me what law has changed? I seem to have forgotten and Google has let me down. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 28, 2017 Share Posted December 28, 2017 In Dec 2015 the BoE's PRA removed the need for any Bank to admit it was reliant on funding it to stay solvent. Quote Link to comment Share on other sites More sharing options...
rollover Posted December 28, 2017 Share Posted December 28, 2017 7 hours ago, dougless said: This is what I have been thinking for a while now. Boxing day sales were down apparently but I don't think it can all be blamed on Black Friday. The New Year will be very interesting..... I think you are right Quote The £8.5bn Xmas debt burden One in four families will start 2018 with a monster credit card bill after putting Christmas on plastic. Half of those with credit card debts believe they will still be paying it off next Christmas. Meanwhile one in ten are still grappling with their bills from Christmas 2016. In total, uSwitch estimates that Britain will have a £8.5 billion credit card debt hangover going into the New Year. The findings come amid fears that interest rate hikes next year could plunge thousands of families into financial crisis. thisismoney Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted December 29, 2017 Share Posted December 29, 2017 This time you won't realise your money is at risk until its gone. It will prevent any pesky runs on a bank. Quote Link to comment Share on other sites More sharing options...
Arpeggio Posted December 29, 2017 Share Posted December 29, 2017 14 minutes ago, Freezer? Best place for it said: This time you won't realise your money is at risk until its gone. It will prevent any pesky runs on a bank. Quote Link to comment Share on other sites More sharing options...
Fence Posted December 29, 2017 Share Posted December 29, 2017 3 hours ago, Arpeggio said: Looks like Arpeggio's the first to do a bunk. Quote Link to comment Share on other sites More sharing options...
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