38 replies to this topic

[Frank Merton]

Br Cornelius, on 31 January 2013 - 03:09 PM, said:

Banks have a vested interest in not letting their clients go bankrupt - so they will carry on printing imaginary money to allow their addicted clients to keep on paying them back. A circle with only one end point. One day the world will wake up and leave the banks holding the imaginary debt they invented out of thin air. That day is indeed coming and it will cascade like a domino snake all the way to everyones back doors. No one will escape this day of reckoning.

Br Cornelius

Nah, I'm not the least bit worried.  When there is too much money around prices go up and the cash gets absorbed.  Then they print some more.  You can have hyperinflation and the society continues to function.  Money is just the token for the price signal markets give buyers and sellers on how much of what to produce and who can have it.  It's a yardstick, and it's a damn nuisance if your yardstick keeps changing in length, forcing constant redrawing of blueprints, but it can be adjusted to.

[Tesla II]

I disagree at one time dollar will become worthless and that will be because of hyperinflation.. countries will no longer sell you oil for dollar, probably many other goods too... You cannot spend something you dont have..

Again this video shows pretty good idea of how it works... US debt is officaly on 16 trillion dollars.



Even the guy who works against you people is saying the cruel reality at hand...

Edited by Tesla II, 31 January 2013 - 03:47 PM.

[stevewinn]

i hope the French who are a great power get their economy back on the right track. the world will be a worse place with a diminished France. it would also be sad to see an old ally slowly fade, people seem to rejoice in a British decline, but no one ever mentions France in the same breath and yet people seem to forget the world only has two great powers left the UK and France. its remarkable. Vive La France.

[Mr Right Wing]

stevewinn, on 31 January 2013 - 07:32 PM, said:

i hope the French who are a great power get their economy back on the right track. the world will be a worse place with a diminished France. it would also be sad to see an old ally slowly fade, people seem to rejoice in a British decline, but no one ever mentions France in the same breath and yet people seem to forget the world only has two great powers left the UK and France. its remarkable. Vive La France.

We've been loyal allies to each other for a long, long, time.

Shame they have too much debt for us to help out.

[skookum]

questionmark, on 31 January 2013 - 03:16 PM, said:

Well, let me put it this way: despite bailing out half of Europe the German treasury is still collecting enough money that a balanced budget for 2013 would have been possible... were it not for the governing parties passing out presents for the upcoming elections postponing the balancing to 2014.

Thing is what state will their exports be in if the European economies continue to decline.  Surely if France, UK, Spain, Italy, Portugal, Greece etc economies continue to shrink it will have a knock on effect to the Germans?

[Yamato]

Unfortunately the banks are now the clients of the government and the government is financed by the taxpayers.  The only real production comes from work, not central bankers.   This bad fiscal habit of print, borrow and spend is going to ripple through the economy in waves of pain and it's going to be the taxpayers a la the consumers left holding the bag.   It's a shame the West is still sleeping the deep, deep sleep of England but when their own feet get wet they'll wake up, albeit it much too late to stop the avalanche.

It's a new age now, the rise of the East.  That's where all the money is.  And that's where all the business and real production are going.  They follow the money naturally.

[spud the mackem]

questionmark, on 31 January 2013 - 02:48 PM, said:

No fears,the Germans will bail them out.

   What makes you think that if France goes legs up, it will take Britain with it, we are not part of the Euro Currency, we still have the BRITISH POUND,not flaming Euroes.

[skookum]

spud the mackem, on 31 January 2013 - 11:01 PM, said:

What makes you think that if France goes legs up, it will take Britain with it, we are not part of the Euro Currency, we still have the BRITISH POUND,not flaming Euroes.

One thing is for sure the rest of europe will blame the UK.

[spud the mackem]

stevewinn, on 31 January 2013 - 07:32 PM, said:

i hope the French who are a great power get their economy back on the right track. the world will be a worse place with a diminished France. it would also be sad to see an old ally slowly fade, people seem to rejoice in a British decline, but no one ever mentions France in the same breath and yet people seem to forget the world only has two great powers left the UK and France. its remarkable. Vive La France.

Sorry Mate I cant agree, France cant even manage the fracas in Mali,and we offered to help which they gladly accepted. If things brew up in the Falklands do you think France will send troops to help us, not a b***** chance.The rising World powers are now China and India.

[Br Cornelius]

Yamato, on 31 January 2013 - 10:55 PM, said:

Unfortunately the banks are now the clients of the government and the government is financed by the taxpayers.  The only real production comes from work, not central bankers.   This bad fiscal habit of print, borrow and spend is going to ripple through the economy in waves of pain and it's going to be the taxpayers a la the consumers left holding the bag.   It's a shame the West is still sleeping the deep, deep sleep of England but when their own feet get wet they'll wake up, albeit it much too late to stop the avalanche.

It's a new age now, the rise of the East.  That's where all the money is.  And that's where all the business and real production are going.  They follow the money naturally.

I think you will find that it is the opposite way round. If you look at the policy responses of the Governments of the world - they have all favoured the banks first and formost, and they all have prominent bankers as chief central government advisers on a revolving door basis. We seem to be run by the banks at the moment.

Br Cornelius

[AsteroidX]

Quote

Banks have a vested interest in not letting their clients go bankrupt

depends on what the client is. If your hard workin, tax payin, child raisin, home indebted in .....they dont care if you wind up bankrupt.

[spud the mackem]

Prices are rising all the time,which means more tax on all goods,why dont the Gov't stabilise prices,then people could afford to buy more ? it seems like an upward spiral All the time.We have a petrol surplus at the moment according to the BBC finance dept, so the Gov't puts up petrol prices by 4p per litre,so people cant afford to buy more. Crazy logic.The only things to come down are Rain, Birdpoop, and Para's.

[questionmark]

Well, looking at the Euro at 1.36 today I think we will have another "Euro crisis" in the next few days.

[stevewinn]

spud the mackem, on 31 January 2013 - 11:09 PM, said:

Sorry Mate I cant agree, France cant even manage the fracas in Mali,and we offered to help which they gladly accepted. If things brew up in the Falklands do you think France will send troops to help us, not a b***** chance.The rising World powers are now China and India.

It might be of interest. but its hard to deploy your armed forces to a country a few thousand miles away in a short time frame, like we seen with France. its true the French have Air Fields in their old ex-colonial countries. but to put boots on the ground followed by equipment needed is no mean task. so of course they accepted our offer, of one heavy lift plane. - just the same way we'd accept French help if we was deploying the army to Africa and France offered use of their bases etc...

as for the Falklands, last time around they were more than helpful. they provided the number of exocets sold to Argentina, five. and then went above and beyond by providing the codes to disarm the exocets which were on sale on the open market. Margaret Thatcher gave the nod to released funds to buy up any remaining exocets. Mi6 went around buying and sabotaging those missiles. the French also told us of weaknesses of their French made Super-Etendard and Mirage versus the Harriers. which helped in the air war. considering the biggest danger was from the exocet missiles to the Royal Navy and especially the Carriers the information provided by France was most valuable of all the help we received during the conflict.

the USA insisted we should have negotiated with Argentina, it wasnt until the eleventh hour when the US decided to side with us. they then provided us with the new sidewinder missile. and communication installations in Chile etc..  

the european Union of the day, did side with us by agreeing to impose sanctions and freezing assets of the Argentines, but then cracks started to appear when Ireland and Italy proposed to end the sanctions early. not very nice of them. so in 1982 the French were the most helpful.

Fast forward to modern times if we was to face a Falklands Conflict similar to the first time, i do think France would help with soft power and political influence both in the EU and the UN. as for military assistance. would we need it?  

as for the up and coming world powers the likes of China India, they are only up and coming in economic terms. when it comes to being a great power or super power you need to be able to project their influence around the world and maintain it, as it stands today only three countries can do this. - in order they are the USA, United Kingdom and France.

[keithisco]

stevewinn, on 01 February 2013 - 06:42 PM, said:

It might be of interest. but its hard to deploy your armed forces to a country a few thousand miles away in a short time frame, like we seen with France. its true the French have Air Fields in their old ex-colonial countries. but to put boots on the ground followed by equipment needed is no mean task. so of course they accepted our offer, of one heavy lift plane. - just the same way we'd accept French help if we was deploying the army to Africa and France offered use of their bases etc...

as for the Falklands, last time around they were more than helpful. they provided the number of exocets sold to Argentina, five. and then went above and beyond by providing the codes to disarm the exocets which were on sale on the open market. Margaret Thatcher gave the nod to released funds to buy up any remaining exocets. Mi6 went around buying and sabotaging those missiles. the French also told us of weaknesses of their French made Super-Etendard and Mirage versus the Harriers. which helped in the air war. considering the biggest danger was from the exocet missiles to the Royal Navy and especially the Carriers the information provided by France was most valuable of all the help we received during the conflict.

the USA insisted we should have negotiated with Argentina, it wasnt until the eleventh hour when the US decided to side with us. they then provided us with the new sidewinder missile. and communication installations in Chile etc..  

the european Union of the day, did side with us by agreeing to impose sanctions and freezing assets of the Argentines, but then cracks started to appear when Ireland and Italy proposed to end the sanctions early. not very nice of them. so in 1982 the French were the most helpful.

Fast forward to modern times if we was to face a Falklands Conflict similar to the first time, i do think France would help with soft power and political influence both in the EU and the UN. as for military assistance. would we need it?  

as for the up and coming world powers the likes of China India, they are only up and coming in economic terms. when it comes to being a great power or super power you need to be able to project their influence around the world and maintain it, as it stands today only three countries can do this. - in order they are the USA, United Kingdom and France.

It is just not worth my time and effort to debate with your unsubstantiated "statistics" about World power, , your newly discovered love of France, etc etc. You change with the wind, along with your politics...