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Who's Fault Is All This

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

both but dont forget large companies, advertising "you must have" has created all this mess then others have jumped on. Government by ppp ing spending more but getting less, people for borrowing more and having new items.

The funny thing is these people are getting into debt but making the rich richer while they become poor, its funny but lots of people dont have an idea of the value of money.

I only buy if i really need it, if i dont have the money i dont buy and if i want something ill save up for it, i will not go out and spend my pay check, what i do is put 10% of my money into a a seperate account and let it build up till i can afford the item i want to buy, i refuse to make more than 4 1 min mobile calls from my landline per week, i use voip to call landlines for free, i dont buy films as i think its a waste, i cycle everywhere dont have a car no more, always buy 2 for 1 if i think it benefits me, pay everything using cash no cards or visas.

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

The culprits are the money lenders. The servicing of the debt is what is going to cripple the US and UK economies.

They are in a no lose situation. The either get all our money or all our property; or both.

The money lenders are the biggest gangsters the world has ever seen.

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I only buy if i really need it, if i dont have the money i dont buy and if i want something ill save up for it, i will not go out and spend my pay check, what i do is put 10% of my money into a a seperate account and let it build up till i can afford the item i want to buy, i refuse to make more than 4 1 min mobile calls from my landline per week, i use voip to call landlines for free, i dont buy films as i think its a waste, i cycle everywhere dont have a car no more, always buy 2 for 1 if i think it benefits me, pay everything using cash no cards or visas.

Your not Scottish are you?

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

eviltonyek9.gif

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If Gordon Brown had any leadership qualities, he’d stick his toe up Blairs ar5e.

instead of waiting for a backbencher’s revolt / challenge.

IMO that it didn't matter who was in power Tony Gordo or even the Tories.

All shades of politicians dont want to bring bad news (like extra tax on BTL's etc) and are only interested in keeping in power at all costs.

HPI would always have happened and its peoples greed that has made the situation worse.

Easy money (increased multiples etc) have just filled a need for that basic greed.

Whats going to happen next? Slow stagnation decline of prices or a big bang and pick up the pieces?

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IMO that it didn't matter who was in power Tony Gordo or even the Tories.

All shades of politicians dont want to bring bad news (like extra tax on BTL's etc) and are only interested in keeping in power at all costs.

HPI would always have happened and its peoples greed that has made the situation worse.

Easy money (increased multiples etc) have just filled a need for that basic greed.

Whats going to happen next? Slow stagnation decline of prices or a big bang and pick up the pieces?

What i see in the near future lots of companies going into administration, they have kept prices low, taken cost cutting measures ie keep wages low, outsourcing, and the last resort sacking people, while raw materials are going up in order to compete with china.

The funny thing is russia and china are becoming richer while nato countries are becoming weaker, my feelings is the open cold war is over in the eyes of the west but in reality its still going on by the eastern block using capitalist rules for teh down fall of the west. China owns America, Russia owns Britain and expanding into western europe.

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IMO that it didn't matter who was in power Tony Gordo or even the Tories.

All shades of politicians dont want to bring bad news (like extra tax on BTL's etc) and are only interested in keeping in power at all costs.

HPI would always have happened and its peoples greed that has made the situation worse.

Easy money (increased multiples etc) have just filled a need for that basic greed.

Whats going to happen next? Slow stagnation decline of prices or a big bang and pick up the pieces?

I kinda agree with what you say, but strong leadership would have nipped this in the bud. (e.g. Chinese )

Blair on the other hand is an out and out vain megalomaniac.

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Guest Alright Jack

Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

I admit it. It's all my fault. Sorry everyone!

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

What a naive question. Everyone is to blame, its systemic. We must want it to happen.

JY

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Guest pioneer31

Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

It's Labours fault for having an obscene £106bn DSS bill every year - which has to be paid for.

It totally dwarfs eveything else

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It's Labours fault for having an obscene £106bn DSS bill every year - which has to be paid for.

It totally dwarfs eveything else

Still its better than some countries where they look in your wallet / bank account before treating you.

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Guest pioneer31

Still its better than some countries where they look in your wallet / bank account before treating you.

no, DSS not NHS

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It's Labours fault for having an obscene £106bn DSS bill every year - which has to be paid for.

It totally dwarfs eveything else

Quite.

We are a nation of predominantly unemployable, incapacitated, welfare-state-sapping scroungers.

How did this happen?

If we have a free state education system and free state healthcare, why are we not all well-educated, fit and healthy and ready to work hard and make a contribution to society?

Answers on a postcard please.

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If Gordon Brown had any leadership qualities, he’d stick his toe up Blairs ar5e.

instead of waiting for a backbencher’s revolt / challenge.

Gordon Brown is now in a no win situation, if he fronts up to Tony and Tony fights back, Gordon will be accused of damaging Nu Labor, Blair knows this.

If Brown just sits it out, time will come when the damage will be so great to the economy that Brown will have a chance at the next election(IMO it is too late now).

Best thing Brown could do which would really dump on Blair is to resign while he is seen to be on top at Number 11, Tony would then take all the flak when the economy goes t**s up.

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Guest pioneer31

Quite.

We are a nation of predominantly unemployable, incapacitated, welfare-state-sapping scroungers.

How did this happen?

If we have a free state education system and free state healthcare, why are we not all well-educated, fit and healthy and ready to work hard and make a contribution to society?

Answers on a postcard please.

The free education system is in ruins - thanks to endless (and clueless) govt intervention

The free healthcare system is ailing - (thanks to or willingness to treat the whole worlds ailments for free)

I think you have to go back to basics

As long as we have free this, free that and there's somebody to bail you out, pay for your keep, then there'll always be lazy arses to take advantage.

Human beings need INCENTIVE - carrot and stick - otherwise, too many of them just lounge around.

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

On the one hand it is Labours for talking banks into relaxing lending criteria.

On the other hand it is the MPCs for not keeping a tight rein on M4

On the other x2 hand it is Labours for setting the only target to be CPI so the MPC can't do much about M4

On the other x3 hand it is the fault of the people who borrowed the money.

On the other x4 hand it is a weakness of people to believe in speculative everlasting bubbles, and it is probably not possible to eliminate that.

On the other x5 hand it is Labours fault for saying no more boom and bust which has encouraged people to think all boom and no bust and take more risks.

On the other x6 hand it is the fault of the electorate for falling for that lie.

On the other x7 hand this is probably a result of a period of low money supply after a 1/2 century period of high money supply so it could all just be economic drag.

On the other x8 hand this could all just be a problem that is entirely new, and therefore was really predicatable.

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The free education system is in ruins - thanks to endless (and clueless) govt intervention

The free healthcare system is ailing - (thanks to or willingness to treat the whole worlds ailments for free)

I think you have to go back to basics

As long as we have free this, free that and there's somebody to bail you out, pay for your keep, then there'll always be lazy arses to take advantage.

Human beings need INCENTIVE - carrot and stick - otherwise, too many of them just lounge around.

I absolutely agree Pioneer.

The ultimate answer is: SOCIALISM DOES NOT WORK.

Any sane person looking around them at the state of our society today must be able to concede that fact.

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That's true.

Anyone old enough to remember the last ludicrous Labour govt will remember what a f*ck up they made, begging cap in hand to the IMF, potato famines, power cuts, bin bags at every corner etc.

This time it's worse, because Gordy has 'spun' the numbers to make it look as if it's not too bad.

He's like a doctor who can't bring himself to tell the patient he has cancer, let alone treat it.

He'd rather keep saying 'looks like a bit of a cold to me. don't worry bout it'.

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Been thinking for a while.

Who's fault is the current economic crisis in the UK.

Is it New Labours mismanagement of the economy be encouraging people to borrow vast sums of money to keep up with the inflation they created.

Or is it the publics fault for borrowing the money.

On who's shoulders does the blame lay when the nation goes bust late next year?.

Human nature.

greed followed by panic followed by greed followed by panic followed by

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That's true.

Anyone old enough to remember the last ludicrous Labour govt will remember what a f*ck up they made, begging cap in hand to the IMF, potato famines, power cuts, bin bags at every corner etc.

This time it's worse, because Gordy has 'spun' the numbers to make it look as if it's not too bad.

He's like a doctor who can't bring himself to tell the patient he has cancer, let alone treat it.

He'd rather keep saying 'looks like a bit of a cold to me. don't worry bout it'.

You are right about that - in fact this is not just a UK phenomenon - it is happening throught out the USA and Europe. Look at most other coutries and its the same story.

Makes you wonder what the hell is going on - a kind of global myopia - everyone fixated on bogus/doctored inflation figures (imported deflation from China anyone?)

My guess is that everyone is looking to blame the domestic powers when in fact we have just had an 'anomaly' that has never happened before - i.e. China it has imported deflation (but only for a short period until they start to import inflation) and all our compasses have failed. Perhaps we are trying to control inflation when that measure is no longer applicable - perhaps we should be measuring and sustaining savings - afterall is'nt that where we are failing?.

Also - by doctoring the inflation figures are we not blindly walking into hyperinflation? - some say it can't happen because it will lead to armagedon - I think we are except we are and in denial about walking this path.

HAL

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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