Le Stu Posted December 13, 2008 Report Share Posted December 13, 2008 I really hope you are joking with that comment.You can't seriously think that GB coming into power has caused the recession? This has been building up for a long time, mainly due to the greedy idealism of capitalism. It's bound to happen eventually, but I lay blame to the Americans mostly. Bastards.What 'greedy idealism of capitalism' are you talking about? Capitalism is merely the most efficient system known for determining the value of things. The ideal of capitalism is a free market with no intervention by government which is the complete opposite of what we have right now!The biggest joke is that GB has a PhD in history!!! Evidently this didn't cover The Great Depression... Quote Link to comment Share on other sites More sharing options...
Scootray Posted December 13, 2008 Report Share Posted December 13, 2008 As in capitalism is all about making the most money, which in turn makes people greedy. Quote Link to comment Share on other sites More sharing options...
Paranoid Android Posted December 13, 2008 Report Share Posted December 13, 2008 What 'greedy idealism of capitalism' are you talking about? Capitalism is merely the most efficient system known for determining the value of things. The ideal of capitalism is a free market with no intervention by government which is the complete opposite of what we have right now!Complete opposite??? Surely that's a little bit of an exageration. Quote Link to comment Share on other sites More sharing options...
Le Stu Posted December 13, 2008 Report Share Posted December 13, 2008 As in capitalism is all about making the most money, which in turn makes people greedy.That only becomes a problem when you bail out the greedy who engaged in risky investments and lost. It's called moral hazard. If greedy fuckers get their fingers burned then they learn not to do it again and quite possibly won't have the opportunity to! However, what we have instead taught them is that we tax payers will bail out their greedy risk taking again and again. Quote Link to comment Share on other sites More sharing options...
Le Stu Posted December 13, 2008 Report Share Posted December 13, 2008 Complete opposite??? Surely that's a little bit of an exageration.Well, we're maybe not there yet, and I think the British government will likely default before they turn us into a full blown command economy but it's already happening. They nationalised the Rock and said they wouldn't interfere in its running. 'Arm's length' is a phrase I recall hearing. Then they started pressuring them to start lending at 2007 rates. That's price fixing. It's socialism.Not the good kind either but the crap sort that makes everybody fucking poor unless your uncle happens to be a party member Quote Link to comment Share on other sites More sharing options...
Alex Posted December 13, 2008 Report Share Posted December 13, 2008 as a skint homeowner, go hyperinflation, go! Quote Link to comment Share on other sites More sharing options...
Alkaline Posted December 13, 2008 Report Share Posted December 13, 2008 The whole thing is making my life a misery. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 13, 2008 Report Share Posted December 13, 2008 The biggest joke is that GB has a PhD in history!!! Evidently this didn't cover The Great Depression...This recession is nothing whatsoever like the great depression, in terms of results anyway. Quote Link to comment Share on other sites More sharing options...
Le Stu Posted December 13, 2008 Report Share Posted December 13, 2008 This recession is nothing whatsoever like the great depression, in terms of results anyway.We haven't seen the results yet. The boom in the housing market that's now gone bust is pretty similar to the credit binge we had in the roaring 20s and while I don't have a crystal ball I'm fairly convinced that we're going to see a very sharp contraction in our economy that will probably last a decade.Ask yourself what exactly it is that we do in the world to deserve all this easy credit and consumption while the Chinese work their fingers to the bone, scrimping and saving to provide it for us. How long do you think it'll take them to figure out that they don't need us? Quote Link to comment Share on other sites More sharing options...
Hog Posted December 13, 2008 Report Share Posted December 13, 2008 Yes, times are going to get harder but really I'm sick to the back teeth of this credit crunch. The media should be limited IMHO regarding how much they can fuck our economy by scaring the crap out of people.Harder times ahead....I like the challenge:finger: Quote Link to comment Share on other sites More sharing options...
JaseyBoi Posted December 14, 2008 Author Report Share Posted December 14, 2008 Holy generalisation, Batman!What a load of sanctimonious, condescending crap. Not hard to raise 10k, oh wait, I've just found 10k in my back pocket. You're in cloud cuckoo land. I take great exception to your generalisations, your complete lack of regard for people's circumstances and your holier-than-thou preaching.You come across as having no real clue what the hell your talking about .........I'm not asking you to 'find' 10K in your back pocket but if your prepared to pay 70k to anywhere upto 200k for a house in aberdeen then i stick to my guns 10k isnt unreachable.......(obviously if you buy a 200k house the deposit will be more than 10k)Oh and i aint preaching.....Your post is more preachy than mine I mean oh my god no one will give me a loan so i cant buy my house.......Oh fuck what will we do........At no time do they step back and say if i save this year i can buy next year or so forth.....I certainly dont have 10k lying about but if i had my heart on buying another proprty i'd make sure i wasnt bankrupting myself in order to buy it......I certainly wouldnt put my or my childrens future in the hands of a rob peter to pay paul situation that a lot of people find thereselfs in ..... Quote Link to comment Share on other sites More sharing options...
dogatron Posted December 14, 2008 Report Share Posted December 14, 2008 We haven't seen the results yet. The boom in the housing market that's now gone bust is pretty similar to the credit binge we had in the roaring 20s and while I don't have a crystal ball I'm fairly convinced that we're going to see a very sharp contraction in our economy that will probably last a decade.Ask yourself what exactly it is that we do in the world to deserve all this easy credit and consumption while the Chinese work their fingers to the bone, scrimping and saving to provide it for us. How long do you think it'll take them to figure out that they don't need us?Anyone who thinks this recession isn't going to affect them should listen to Peter Schiff.YouTube - Peter Schiff Analogies Quote Link to comment Share on other sites More sharing options...
Strat Harry Posted December 14, 2008 Report Share Posted December 14, 2008 Anyone who thinks this recession isn't going to affect them should listen to Peter Schiff.YouTube - Peter Schiff Analogiespeter dow makes more sense... Quote Link to comment Share on other sites More sharing options...
Le Stu Posted December 14, 2008 Report Share Posted December 14, 2008 Anyone who thinks this recession isn't going to affect them should listen to Peter Schiff.YouTube - Peter Schiff AnalogiesI love the analogy about the American on the island with all the Asian dudes doing the work while he just sits around consuming their produce. I've been following what he has to say avidly and this complilation video of his prior predictions is must-see:YouTube - Peter Schiff Was Right 2006 - 2007 (2nd Edition)Look at all these idiots ridiculing him when he's calling it bang on! Quote Link to comment Share on other sites More sharing options...
Guest Tam o' Shantie Posted December 15, 2008 Report Share Posted December 15, 2008 I've cut all bar one of my foreign holidays next yearWoah woah...easy now Sharon! Quote Link to comment Share on other sites More sharing options...
Guest Tam o' Shantie Posted December 15, 2008 Report Share Posted December 15, 2008 As I said... I'm not exactly "feeling the pain". I had 4 holidays this year so it's a cut back by my standards I just want to get a decent amount of cash saved away and that seems to be one of the easiest ways to save a lot of money... basically "cutting non-essentials".Holy shit! You'll probably save a fuckload then. I took my first foreign holiday in 5 years this summer, at a cost of 140 quid Quote Link to comment Share on other sites More sharing options...
Bigsby Posted December 15, 2008 Report Share Posted December 15, 2008 Harder times ahead....I like the challenge:finger:Yes, people will be cutting back on non-essentials... like wedding photos. Quote Link to comment Share on other sites More sharing options...
Guest treader. Posted December 15, 2008 Report Share Posted December 15, 2008 Kimy, I have genuinely missed you.Come post more.Get a room. Quote Link to comment Share on other sites More sharing options...
Hog Posted December 15, 2008 Report Share Posted December 15, 2008 Yes, people will be cutting back on non-essentials... like wedding photos. Nah, I'm nice and busy for next year and 2010. Quote Link to comment Share on other sites More sharing options...
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