OldNick

Yep there was glue everywhere, now the Tamiya models were better

I put what should be done now. All the toxic debt should be put into the BOE and the banks pay a fee/ or % of their own debt for 10 years.When it matures in 10 years the econimies would then have recovered enough for the banks to be able to take back those liabilities. Inflation would have lessened the burden on them. By doing it NOW they could feel free to lend to each other again knowing that they all were solvent. Credit card debt would be stopped from being extended and no more approved. the phasing out of credit cards would start and people would have to reduce their liabilites. unless the population get out of unsustainable debt you are only putting off more strife. The days you recall of having a jaunt to West Quay and spending because you like the look of the packet or Ikea because the latest fashion is chrome and glass. We are heading for austerity, i dont like it you wont like it the population wont like it but your government took their eye of the road, much like under Wilson. There is no quick fix of bringing the good days back, and as i put in the post above George Soros I beleive has got it right.

As yes Mr benn, a man of enormous wealth who can afford to be a socialist.I doubt you recall when the Labour government were going to do a wealth tax and he made sure his familllies money was tied up abroad and safe from that happening to him.i think his wife is American if i recall correctly. 98% super tax as well under his time in government, wehere all the wealth flooded out of the country,very astute indeed.

Codswallop eh. Well as i said before if it is that easy why do not every country in the world do it. We up to now can do it because we had the Empire (something many sniff at) That caused tremendous wealth creation a century ago and gave us the standing in the world to build a strong economy. In the last decade we have given away our gold reseves and many of the gold bars had the Queen Anee cypher on it showing how long it had been stored. The population has borrowed against its property to buy foreign goods, on the back of unrealistic property values.I alsways thought it laughable that we were said to be the 4th richest country in the world , a lot of thatwas based on our property value.We can hardly export it can we. So all those projectw you mention are done with foreign imported materials and sometimes foreign imported labour.It does not create true wealth just shortterm wealth that then those people go and buy BMW's and Sony tv's. The hospitals save on the heating but then overspend on other waste.I will point to my cousins situation again if you did not read it. She sadly died of cancer a few weeks ago.The social services put in a stannah lift at the cost of £3800 and was used once to take her downstairs to the hospice.It was ripped out and skipped, (she did not die of leprosy were the words of her husband). I relayed the story to someone I know at a housing association and she said that is a common occurance and probably happens 2-3 times a month, as well as more mindboggling wastes of that type.I suppose your arguement is it keeps people in work. I found it interesting hearing what george Soros had to say about GB, and that was very worrying.Just like the last time when Wilson Healey and Benn went to the IMF with cap in hand.

Perhaps, i know what i think of you though

Duncan you are getting obsessive.Last week we were going into administration now we are being led by a maniac.I realise that you might be right in one of those to a degree.

I agree with you Tim.I understand why you are getting all the negative back in reply but he has made a difference.No doubt last season a similar post would have met the same type of reply.Especially as we had only just lost to Hull 5-0 and drawn at home with coventry in a massive 6 pointer.

I will refrain from asking if the same could be said about you.

BTF, sadly the train has had the crash and it is going to be hard and painful how to get it back on the rails.It is going to be very painful and I fear we are going to see things that in my 49 years of life have never seen here before. Employing people as you say is a short fix, the people may spend but that will still be on Chinese and Far eastern goods. You cannot overspend without pain and as much as i dont wish for my business to suffer or my daughter and friends to suffer i can't see how we all won't. The brake needed to be applied a few years back, but (sorry to mention Labour again) the government with their ambitious spending plans needed to close their eyes to the juggernaugt approaching and cross their fingers and hope.They needed all the tax revenue the city was bringing in. They spun the wheel (like the Wilde bunch did at saints) and have come up red instead of black, they are now having another spin and it terrifies me what will happen if it lands on red again. Once the worlds money markets start to get spooked by our balance sheet the pound will be through the floor and then who knows. What woulkd I do. I feel we are going to foot the bill for the banks whatever happens and so all the toxic debt would be held at the BOE, the banks would pay a holding fee for 10years. It would be a large percentage of their profits. In that time some of the assets may turn out better than at first thought. The banks then should feel confident to lend to each other and so then they could lend to business. The BOE would again have the powers it once had and people would have to save before getting a mortgage. Credit cards would have to be cut back if not withdrawn. The less financially aware man in the street has this millstone around their necks for ever. We have as a nation to learn how to budget again and this small period of 'land of plenty' will stop. Imsure it is not a cure but perhaps may help

i didnt think i said it was wrong to have people in employment. What i do say is that borrowing has to be paid back. Keepimng the people in work will only keep the wolves from the door for a certain amount of time. if the country borrowing to keep people in work should be done in the whole world job solved.Of course that is impossible and it is impossible here unless the country is making profits in its exports to keep us solvent. The countries economy is basically a business and if your costs exceed the profits you are going to go bust.very simplistic im sure but that is basically wehat it is all about. The Tories did not help with the manufacturing base but when Maggie came to power the nation was in an awaful state and we needed somebody to grasp the nettle. For decades the Union power had brought many of our once proud companies to their knees with their strikes and workers power.These people were oblivious to the damage being done to the nation and many did not care quite frankly. Go back to the last time we had a labour government in power and you will see many similarities, Wilson healey and benn it makes my skin crawl

I can see what you are saying but we borowed in the boom as well. Sooner or later the nation will have to pay for all the excesses.Frankly I can't see where the country will make any money to pay back the borrowings. Until last year it was the invisible earnings that kept us afloat,well now the banking and insurance industries are on their knees where will the overseas earnings come from.Tesco etc employing more earns us nothing, the government building schools earns the country nothing, where can we pay the debt back? Brown sold our gold when it was at its lowest(not that even if we had it still it would get near paying our debt back), the countries manufacturing industry has been eroded under all parties and so we are basically stuffed.We will suffer for some years and borrowing more will only hurt our chilren and grandchildren, and when the North sea revenues go....

I cant recall which thread youu alluded to your aquaintance with GB, I think you alos mentioned that your other half was a trades union leader or something of the like.Anyway we all can't pick who we meet.Your very Labour biased views would perhaps make me beilieve you would fawn all over him. Thatcher has nothing to do with the current problems (bloody hell she it was 15 or so years since she was in power), why try and deflect that the labour government took away the powers that were there to stop such disasters happening.I'm all for deregulation but not then to put it in the hands of people who will then carve it up. The BOE was neutered and the FSA old boys club let the make millions and then walk away leaving the rest of the country to pick up the pieces. Do you agree that had the labour government not taken away the powers of the BOE to regulate we would still be in the same position now?

100% correct.

"world is actually controlled by wealthy white men" a dangerous area as it could also turn into anti semetic debate

he would like to come back here I was told

I dont want this to degenerate inot real racism, but do feel it would be good to know where the boundaries are if the boot is on the other foot.Being a white blue eyed person should i feel affronted by the words or not worry.I dont worry as I have said but also know there is no way I could say the opposite without fingers being pointed in disgust

That is racial, and i dont think that has anything to do with it, although again it is confusing.

but he's not a white blue eyed boy and speaks in a funny language. The point is was it rascist? In todays society i get confused what is and what is not

No he's Brazilian although with hair.....

I myself dont worry but did wonder if the boot was on the other foot.Ima white honky and dont care what Im called, although terms of disrespect like fooish, stupid and dinlo may do so. I await the following barrage, lol

The Brazilian PM? If so no, he is as most Brazilian people are coloured.Definately brown eyed.

Today i saw a speech on Sky by the brazillian PM saying that the banking crisis was brought on by white skinned people with blue eyes.In this day and age ahould we be outraged as a racist attack or does it not count?

BTF we had a series of posts regarding this some months ago.You posted at the time along the lines that there was no regulation taken away. You also made it known that GB was an aquaintence. I love the way if it is a Tory it is sleaze but as soon as a Labour MP is seen to play the game its lets wait and see. We all know the whole lot are using loopholes to earn a little extra.I cannot see how an MP needs to have expenses on his parents home when he has a perfectly good one only 8 miles away. sadly by making excuses rather than being outraged or even a tad unhappy you are letting them hide away behind yet another enquiry. Again it is basically self regulation something that got us into the banking mess in the first place. The more that these people are allowed to bend the rules the more that the people will not have faith in the system. As for rooking the system well paying for your parents home on a technicality is no different IMO. My daughter lives in London, perhaps I should claim expenses saying that i have to work up there sometimes, I may get it all back.

You still wont accept that by taking away the BOE's powers when they came to power was not a stupid decision.May i add that it was obvious that the debt we were taking on personally was only going to end in tears. The government should have taken measures earlier and it has now been suggested that 4 years ago Blair and Brown were warned about it. May I also ask how you explain McNulty's conduct in drawing expenses on his parents house even though he had another only 8 miles away.I accept the Tories have had a few doing bad things but you came to power as anti sleaze, please explain the difference?

If you knew the circumstances you would be confident. They do know the law but so does my barrister who is an specialist on these things.There again i suppose he didn't go to uni for 5 years and work in an office for 2 lol.