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laurejon

Black Monday, Looking Forward To Black Thursday ?

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Gordon Browns New Labour Party have bankrupt the nation. Like all Labour Parties that when before them, tax and spend is all they know, however this time it was different, the spending was so great they not only taxed hard working british families into a life of poverty for several generations, they also borrowed on their behalf an amount of money that will go down in history as the greatest crime ever commited by a government in the entire world.

FTSE is down nearly 4% in a single day and it looks likely that before the end of the month the FTSE 100 will be closing below 5,000.

£8Bn has been wiped from hard working families pension funds in a single day, at a time when the Government is telling people they need to invest in a pension. These events are global, that is very true, and the reason they are global is that New Labour are in bed with the Globalists, offshoring British Jobs, importing cheap labour, and destroying the British family life.

Lets hope that the working classes will finally realise they have no friends in the Labour Party, and its about time people questioned why, a democratic nation that fought several world wars to protect that right, have allowed two men to have an agreement stretching decades whereby the democratic process is removed to allow the elected leader to retire, and his crony a Scottish MP representing a seat in the Scottish Parliament, to take over the running of England without a single vote being passed.

You might all like to ask yourself why Gordon Brown was not on the news this evening providing an explanation as to why the UK banking system is collapsing around his ears !!!.

Edited by laurejon

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You might all like to ask yourself why Gordon Brown was not on the news this evening providing an explanation as to why the UK banking system is collapsing around his ears !!!.

Instead we get (on Channel 4) a retired banker to come out with some good natured, soothing waffle.

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Thoughtful, angry and well put but maybe everyone who doesn't follow politics have realised a little too late. If only the british public had a little more confidence in the power of change.

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The UK will shortly be declared bankrupt in the true sense of the words, whereby the assetts of the nation dont come anywhere near to the debts both public and private.

The UK's companies, Banks, Engineering, Service, Financial, Retail have all be financed by huge private equity loans, the figures no longer stack up and its simply a matter of time before they run out of steam having made massive cutbacks in staff and services in order to keep afloat.

If we were to take PFI into account, then simply there will be no NHS under the Labour Party, despite Billions of pounds of hard working British Families taxes being poured into making a better service, the service is in fact only leasehold, the landlord will be asking for a rent increase and a final Balloon payment some time soon.

I have pondered why on earth this nation has not collapsed under the strain of debt in 2002, and the answer is in the US. A policy of printing off cheap money and auctioning it to the highest bidder, today Billions were auctioned and were oversubscibed by a rate of 5 times, that is the real truth of the financial health of our banks who continue to deceive their investors by telling them everything is rosy.

Gordon Brown should declare a national emergency, should form a coalition with the other parties, and he himself should resign from office and hand himself over to the internation criminal court along with Tony Blair to answer the war crimes charges before they bring this nation into further international disrepute.

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Gordon Browns New Labour Party have bankrupt the nation. Like all Labour Parties that when before them, tax and spend is all they know, however this time it was different, the spending was so great they not only taxed hard working british families into a life of poverty for several generations, they also borrowed on their behalf an amount of money that will go down in history as the greatest crime ever commited by a government in the entire world.

FTSE is down nearly 4% in a single day and it looks likely that before the end of the month the FTSE 100 will be closing below 5,000.

£8Bn has been wiped from hard working families pension funds in a single day, at a time when the Government is telling people they need to invest in a pension. These events are global, that is very true, and the reason they are global is that New Labour are in bed with the Globalists, offshoring British Jobs, importing cheap labour, and destroying the British family life.

Lets hope that the working classes will finally realise they have no friends in the Labour Party, and its about time people questioned why, a democratic nation that fought several world wars to protect that right, have allowed two men to have an agreement stretching decades whereby the democratic process is removed to allow the elected leader to retire, and his crony a Scottish MP representing a seat in the Scottish Parliament, to take over the running of England without a single vote being passed.

You might all like to ask yourself why Gordon Brown was not on the news this evening providing an explanation as to why the UK banking system is collapsing around his ears !!!.

Good post Laurejon.

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......and all this because of house prices.

Welcome home chickens, it's time to Roost.

House Price inflation was a clear sympton that something was very very wrong. A nation of householders withdrawing huge amounts of equity to keep on the ladder, and living on cheap credit to pay the food bills.

A policy that is so very typical of a Labour Party that is composed of a gaggle of clowns that have not done a single days real work in their lives.

The working classes biggest enemy is the working class, something I learnt from my Grandfather at an early age!!!.

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It's a good job this board is anonymous. I'm beginning to picture Laurejon as the only tory in Ebbw Vale :lol:

p-o-p

EDIT: Spelling

You dont have to be a Tory these days to be paying a huge chunk of your wages in Taxes and realising the nation is teetering on the edge of a collapse not seen since the last great depression.

Tax rises have been aimed squarley at the working classes, first New Labour created House Price Inflation, encouraged people to borrow to keep their heads above water, and more importantly each and every budget New Labour look soley to the working classes to pay for their massive mistakes.

Be under the no illusion, the next crunch will be directed at the working classes jobs, as companies move offshore to fund the excessive borrowing.

Edited by laurejon

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It's a good job this board is anonymous. I'm beginning to picture Laurejon as the only tory in Ebbw Vale :lol:

p-o-p

EDIT: Spelling

That **** BOULGER is on BBC News24 saying property prices are holding - get a mortgage now bla bla bla --- THAT GUY IS A CROOK -- IT IS CRIMINAL HOW THE BBC TURN TO HIM FOR ADVICE!!

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You dont have to be a Tory these days to be paying a huge chunk of your wages in Taxes and realising the nation is teetering on the edge of a collapse not seen since the last great depression.

Tax rises have been aimed squarley at the working classes, first New Labour created House Price Inflation, encouraged people to borrow to keep their heads above water, and more importantly each and every budget New Labour look soley to the working classes to pay for their massive mistakes.

Agreed, but I don't think that it all started in May 1997. I don't think that it all started in 1979 either. It is the culmination of failed policies over a century or more.

Most Western economies are suffering and they managed to get to a similar position without MacMillan, Wilson, Heath, Callaghan, Thatcher, Major, Blair or Brown.

The UK and US are the two major English-speaking economies and will take a bigger smacking than the non-English speaking economies because more of their ?wealth? is wrapped up in housing.

p-o-p

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Agreed, but I don't think that it all started in May 1997. I don't think that it all started in 1979 either. It is the culmination of failed policies over a century or more.

Most Western economies are suffering and they managed to get to a similar position without MacMillan, Wilson, Heath, Callaghan, Thatcher, Major, Blair or Brown.

The UK and US are the two major English-speaking economies and will take a bigger smacking than the non-English speaking economies because more of their ?wealth? is wrapped up in housing.

p-o-p

When Labour took office we had a Multi Billion Pound trade surplus, we had dentists, we had the average house priced at 50k which was 3x annual earning for a manual worker.

Do you think we might be at this juncture under the Tories, with massive taxes aimed at working class families, public services cut to the bone despite massive investment with Billions borrowed in our names ?

We will be lucky to see this out with our lives, let alone a shirt on our backs. This Government are the worst Government this nation has ever seen, they have lowered the word "Democracy" to be something we all now openly scoff at!!!. A joke Government, that bends the rules and lies to stay in office.

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Several? Were there world wars we didn't hear about?

why not just write 'two'?

Two doesnt have the same impact as several, and I can get away with it as the UK education system doesnt recall even one world war.

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Guest Charlie The Tramp
That **** BOULGER is on BBC News24 saying property prices are holding - get a mortgage now bla bla bla --- THAT GUY IS A CROOK -- IT IS CRIMINAL HOW THE BBC TURN TO HIM FOR ADVICE!![/size][/color]

Today in The Mail I`m sure it was him who has advised those coming off their fixed rates to sell and rent back rather than being repossessed, or at least it was the CML.

The Council Of Mortgage Lenders has taken the extraordinary step of suggesting some might be wise to sell their home rather than risk repossession. In many cases they could stay in the same home, paying rent.

What genuine advice they give, please don`t accuse them of being crooks Eric. :P

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£8Bn has been wiped from hard working families pension funds in a single day, at a time when the Government is telling people they need to invest in a pension.

The private pension funds were a scam from the outset. That is why they were instigated in the eighties when interest rates (globally) were well up in the double digits with expectations of them remaining high. The pretty tables showed how we could all retire at 55 as millionares. No one would have been stupid enough to fall for it with the rates we have seen over the last 2 decades but once the system was in place it was too late. The pension money is already long gone, robbed out of the corporations by their owners and funnelled elsewhere. It's half the reason everything in the marketplace is so overpriced, it's the motivation behind nearly every IPO. Take a sh*t insurance company, up to it's eyeballs in liabilities and make it public, sell the shares to pension funds and pocket the cash, then spin the company off and sell the remaining 51%.

This deal was a little late...

Bear Stearns' Subprime IPO May 11, 2007

Everquest Financial is going public with risky mortgage bets purchased from its underwriter’s hedge funds

http://www.businessweek.com/bwdaily/dnflas...0511_093244.htm

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Several? Were there world wars we didn't hear about?

why not just write 'two'?

I believe it was two world wars and one world cup, doo-dah.

A supremely ironic moment was when some dimwit British football hooligans chanted this at some Italians... :lol:

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The private pension funds were a scam from the outset. That is why they were instigated in the eighties when interest rates (globally) were well up in the double digits with expectations of them remaining high.

I entirely agree. I remember being lectured at by the finance manager at the company I worked for -it must have been around 1988 - about how money purchase pensions were so much better than final salary schemes - lots of graphs and numbers to obfuscate and confuse...ooh and by the way it would be sooo much better for you financially if you also contract out of SERPS...a huge swindle carried out on unsuspecting employees who are now paying the price as these "pension" schemes turn out to be worthless except as a useful source of funds for stock market wide boys to gamble with.

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  • 292 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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