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Get Ready For Your Taxes For A Direct Bail Out.

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Get ready for your taxes, they are going to be used to bail out the banking industry, everything else has failed. governments around the world will be financing the banks directly it the last option they have. Its going down as we speak prepare for the worse.

Edited by crash2006

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Governments might have to intervene with taxpayers' money to shore up the financial system and prevent a "downward credit spiral" from taking hold, the International Monetary Fund said on Wednesday.

John Lipsky, the IMF's first deputy managing director, said: "We must keep all options on the table, including the potential use of public funds to safeguard the financial system."

http://www.ft.com/cms/s/ee21ddbc-f08b-11dc...&_i_referer=

Governments might have to intervene with taxpayers’ money to shore up the financial system and prevent a “downward credit spiral” from taking hold, the International Monetary Fund said yesterday.

John Lipsky, the IMF’s first deputy managing director, said: “We must keep all options on the table, including the potential use of public funds to safeguard the financial system.”

The statement by the senior IMF official marks the second radical policy intervention from the IMF this year. It had previously called on governments to consider using fiscal policy to offset the impact of the credit crisis on growth.

Mr Lipsky said: “I fully recognise an appropriate role for public sector intervention after market solutions have been exhausted.”

He urged policymakers to “think the unthinkable” and prepare now for what they would do if the worst case scenarios materialised and “low probability but high impact events” threatened to jeopardise global financial stability.

He warned of the risk that a “global financial decelerator” could take hold, in which rising defaults and margin calls from lenders triggered forced asset sales, driving down the value of collateral and forcing further forced sales.

The IMF deputy managing director’s comments make it clear that the fund is open in principle to the possibility of taxpayer-funded intervention in the market for mortgage securities as well as intervention to save individual banks from bankruptcy.

Mr Lipsky warned: “The risks of further escalation of this crisis are rising and decisive policy action will be needed.”

He said this crisis was different from recent past crises because both the financial markets and the banking system “have faltered simultaneously”. The first priority had to be to reverse the “spreading strains” in global financial markets and restore the functioning of the financial system in advanced economies.

Mr Lipsky said there should be no let up in the pressure on financial institutions to disclose losses but said pressure to deleverage “needs to be kept orderly”.

He also urged banks to recapitalise to avoid shrinking their balance sheet.

Stressing that this was a global problem - not one confined to the US - he said it would have to be addressed in a “global -context”.

Mr Lipsky said the “first line of defence” remained monetary policy and interest rates. But monetary policy was “hampered” by problems in the credit markets and “there is a risk of a broader and more intense tightening in credit conditions”.

This was why the IMF was making the case that “there is likely to be a role in some countries for stepped-up counter-cyclical macroeconomic policy measures to help support demand”. Fiscal policy was the “second line of defence”.

But Mr Lipsky said “macroeconomic policies may not be sufficient to cushion the blow if an extreme event occurs” - making it essential that policymakers prepared for the possible need to intervene.

Edited by crash2006

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the governments are about to steal from you get ready for it.

Steal what?

The people of UK PLC are in debt up to their eyeballs and soon to be in negetive equity.

They can not steal money that people don't have, they can make them more in debt, but this fuels the original problem.

The prudent saver maybe?

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http://www.ft.com/cms/s/ee21ddbc-f08b-11dc...&_i_referer=

Governments might have to intervene with taxpayers’ money to shore up the financial system and prevent a “downward credit spiral” from taking hold, the International Monetary Fund said yesterday.

John Lipsky, the IMF’s first deputy managing director, said: “We must keep all options on the table, including the potential use of public funds to safeguard the financial system.”

The statement by the senior IMF official marks the second radical policy intervention from the IMF this year. It had previously called on governments to consider using fiscal policy to offset the impact of the credit crisis on growth.

Just remember everyone ---

THIS ALL STEMS FROM LIAR LOANS -- NOT JUST A US PROBLEM.

LIAR LOANS: ENDEMIC HERE IN THE UK TOO.

Edited by eric pebble

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Steal what?

The people of UK PLC are in debt up to their eyeballs and soon to be in negetive equity.

They can not steal money that people don't have, they can make them more in debt, but this fuels the original problem.

The prudent saver maybe?

Steal your taxes off you thats what, you will not be able to take out further debt, if you have anything of monetary value i suggest hide it.

Edited by crash2006

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Steal your taxes off you thats what, you will not be able to take out further debt, if you have anything of monetary value i suggest hide it.

I'm digging a hole as a type. :lol:

They are already stealing our TAXES of us, have been for years. Some of us are better placed to weather the storm though ;)

I say bring it on, it will speed up the crash for the over leveraged.

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Guest Charlie The Tramp
They are already stealing our TAXES off us, have been for years.

Yes, I agree, but for some strange reason they are paying me back. :blink:

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Inflation via money pumping is the tax.

Thats the 1st line the next is direct in your face tax. your version is walk into a shop and flick a packed of polos up sleeve then walk out, this is going to be more like pick up the packed of polos and tell the staff iam stealing it then walk out.

Edited by crash2006

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Get ready for your taxes, they are going to be used to bail out the banking industry, everything else has failed. governments around the world will be financing the banks directly it the last option they have. Its going down as we speak prepare for the worse.

State failure is whst we will see.

You can only steal so much.

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State failure is whst we will see.

You can only steal so much.

and there you were telling us they just create money out of thin air. how come they are going bust now smarty pants?

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and there you were telling us they just create money out of thin air. how come they are going bust now smarty pants?

Because no one has to accept he money they create.

They only have to accept legal tender.

Turning the money they have created into legal tender will lead to hyperinflation.

Have £1,000,000 for thinking about it, and then think about what would happen if we all wrote £1,000,000 down and the government printed £20 notes to back it up with.

Edited by Injin

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Because no one has to accept he money they create.

They only have to accept legal tender.

Turning the money they have created into legal tender will lead to hyperinflation.

Have £1,000,000 for thinking about it, and then think about what would happen if we all wrote £1,000,000 down and the government printed £20 notes to back it up with.

that seems to be the crux of it - it is not the naughty banks, it is the borrowers' fault.

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State failure is whst we will see.

You can only steal so much.

No they have not started yet and will even try to get the army to stamp down on anyone that feels the working man should not be forced to hold up the profit of the bankers and corupt politicians.

you rights have been eroded away and the propect of marshall law have increased and if that what it takes to keep Brown and his friends in confort then that what it will be whilst the public continues to act like sheep.

bring it on i say.

Edited by Justice

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No they have not started yet and will even try to get the army to stamp down on anyone that feels the working man should not be forced to hold up the profit of the bankers and corupt politicians.

you rights have been eroded away and the propect of marshall law have increased and if that what it takes to keep Brown and his friends in confort then that what it will be whilst the public continues to act like sheep.

bring it on i say.

I don't see the Army acting for the Government in this way. I get the impression they aren't exactly fans of Gordon Brown at the moment anyway. And the last thing we need is civil war.

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I don't see the Army acting for the Government in this way. I get the impression they aren't exactly fans of Gordon Brown at the moment anyway. And the last thing we need is civil war.

if you are willing to kill women and children, keeping a few rabble rousing citizens in line is a breeze.

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No they have not started yet and will even try to get the army to stamp down on anyone that feels the working man should not be forced to hold up the profit of the bankers and corupt politicians.

you rights have been eroded away and the propect of marshall law have increased and if that what it takes to keep Brown and his friends in confort then that what it will be whilst the public continues to act like sheep.

bring it on i say.

Yep, no one shouted we wanna vote when brown took over from blair, this government hasnt listen to anything from the public, main reply "yer we'll take it on board etc..." but never do. Most brits or anyone that lives in this country is a fool, even people outside the UK see it.

Standards in this country have dropped, you just need to go out and watch people, how they drive, how they talk, how they act. My old man, farther daddy etc.. came over for a visit, "this country is worse than italy or any of those latin countries", some how people in this country have be struck down by retardness.

Edited by crash2006

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No they have not started yet and will even try to get the army to stamp down on anyone that feels the working man should not be forced to hold up the profit of the bankers and corupt politicians.

you rights have been eroded away and the propect of marshall law have increased and if that what it takes to keep Brown and his friends in confort then that what it will be whilst the public continues to act like sheep.

bring it on i say.

Woman at work had to buy her army son desert boots for his latest deployment, because the one`s the army offered were not adequate. She also stumps up for his air fares from Germany home to the uk. Who`s side do you think him and his squaddie mates will be on if it kicks off?

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Scandalous, to say the least. But surely if they are going to socialise the risk they should also socialise the profits? If taxpayers are going to face a higher tax burden in propping up the banks, they should expect a dividend of the profits too - instead of the fat cats and shareholders getting all of the benefits and none of the risk.

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Woman at work had to buy her army son desert boots for his latest deployment, because the one`s the army offered were not adequate. She also stumps up for his air fares from Germany home to the uk. Who`s side do you think him and his squaddie mates will be on if it kicks off?

One hopes they will stay loyal to the Queen while rejecting Her Majesty's Ministers. Who knows, we could have a military coup as I posted in a mock newsflash a while back.

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Scandalous, to say the least. But surely if they are going to socialise the risk they should also socialise the profits? If taxpayers are going to face a higher tax burden in propping up the banks, they should expect a dividend of the profits too - instead of the fat cats and shareholders getting all of the benefits and none of the risk.

I agree, but words like fat cats, shareholders, and risk belong to a Capitalist system that is WORKING, this one seems really to be broken.

Trying to patch up a broken system with taxpayers money is doomed to failure. The public will only tolerate so much. The line about NR being allowed to fall causing systemic risk which in turn could destroy the system we all rely on was acceptable enough to most sheeple, bailing everybody out that has taken too much risk will not be. The first tax to be really contested will be council tax as house values fall. Any attempt to freeze the amounts that sheeple pay when their house is falling in value will just not be viable. You can`t expect people in massive debt to pay more tax and service their debts, something has to give, it will be the government, and many risky banks and investors who got too carried away.

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  • 294 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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