|
|
Post by jonren on Jan 19, 2009 9:12:33 GMT
|
|
yord
New Member
Posts: 14,352 
|
Post by yord on Jan 19, 2009 9:13:57 GMT
Heading ?
|
|
|
|
Post by reverend on Jan 19, 2009 9:14:36 GMT
there is no recession, I heard brown say, and if there is one it's all the rest of the worlds fault, brown said that too!
|
|
|
|
Post by tarrant on Jan 19, 2009 9:34:20 GMT
Brown never said that!
|
|
|
|
Post by reverend on Jan 19, 2009 9:36:10 GMT
your right, he won't use the word recession!
|
|
|
|
Post by peakman on Jan 19, 2009 12:21:29 GMT
Banks have never been what you could call "solvent", for they have always had more out on loan than they held in savings accounts, it's how banks work, take in a savers £10 and lend it out three times, in other words banks lend money that does not exist. Over the years governments have allowed banks to increase this ratio and it worked, until now. Now what is happening is that the balloon has burst and all this money that never was, has somehow or other to materialize and thats were the the taxpayer comes in. It won't work of course, for no other reason than when the taxpayer has made up the deficit, Gordon Brown wants the banking system to start all over again, lending as they did before, which was the very reason we find ourselves in this situation. Ever decreasing circles or wot? What's to be done? The exact opposite to what is being done but that is not going to happen under this government, therefore yes, bankruptcy here we come. |
|
kog
New Member
Posts: 2,315
|
Post by kog on Jan 19, 2009 12:53:25 GMT
But the problem is Banks are doing the exact oppisite, they are not lending , so all those viable profit making businesses that rely on bank loans to pay bills and wages find they cant operate so have to shut up shop.
More of this and the economy will be in a depression. The Governments initiative to get the banks to start lending again, but not as before were the lending was to any tom dick or harry, but to reposible people/companies that can afford to pay it back.
|
|
yord
New Member
Posts: 14,352
|
Post by yord on Jan 19, 2009 12:55:33 GMT
yeah its a doddle to be viable profit making when your not paying back the money you owe
|
|
Scooby Do
New Member
Where's my pic?
Posts: 21,324
|
Post by Scooby Do on Jan 19, 2009 12:57:08 GMT
Last time Brown gave Banks our money to lend to us, The Banks said piss off, we want it.
Now he's doing the same again.
Brown is a desperate weasle who should call an election.
|
|
|
|
Post by Libby on Jan 19, 2009 13:06:50 GMT
And we all know the outcome of an election for Gordon Brown don't we!  |
|
|
|
Post by lawrence on Jan 19, 2009 22:40:45 GMT
Own up Brits , your socialism doesn't work !!!!
|
|
|
|
Post by jonren on Jan 20, 2009 4:48:23 GMT
"Own up Brits , your socialism doesn't work !!!!"- - - - - Lawrence.
That is fact, Lawrence. It never has in this country.
|
|
Scooby Do
New Member
Where's my pic?
Posts: 21,324
|
Post by Scooby Do on Jan 20, 2009 6:50:05 GMT
"Own up Brits , your socialism doesn't work !!!!"- - - - - Lawrence. That is fact, Lawrence. It never has in this country. It never works, not in this country or any other. The odd one or two, usually corrupt people make money in a Socialist country. This can be seen from the few Russians who are emerging with vast fotunes. Brown, Blair his dreadful wife et al. will emerge with personal fortunes. |
|
|
|
Post by tedward on Jan 20, 2009 7:00:16 GMT
Time for Clunk to go
|
|
|
|
Post by mars33 on Jan 20, 2009 10:10:46 GMT
That ABN AMRO take-over by RBS was a really clever move, wasn't it? This time we didn't even have to sail up the Thames to sink a British flagship.
|
|
mids
New Member
Posts: 61,021
Member is Online
|
Post by mids on Jan 20, 2009 10:19:50 GMT
More and more i'm thinking the people responsible, the bank leaders, Brown, Mandelson, Blair, the bank of England leaders etc should be put on trial for this.
|
|
|
|
Post by newyorker on Jan 20, 2009 10:23:55 GMT
Own up Brits , your socialism doesn't work !!!! Just as we're about to inaugurate the most Socialist President America has ever seen.  |
|
feral
New Member
Posts: 8,237
|
Post by feral on Jan 20, 2009 11:52:58 GMT
so all those viable profit making businesses that rely on bank loans to pay bills and wages Cant be particularly viable or profit making if they're relying on bank loans to pay bills |
|
mango
New Member
Posts: 6,594
|
Post by mango on Jan 20, 2009 13:12:31 GMT
a Scottish bloke I was talking to today - he's just returned from Xmas in UK he says as well as Woolworths, British Home stores are closing, B&Q and loads of small stores too  sad to hear it |
|
|
|
Post by minge tightly on Jan 20, 2009 13:28:16 GMT
'Own up Brits , your socialism doesn't work !!!!'
Don't think the monetary policy Brown and Nu Labour have been following the past decade and more has much to do with socialism, since it was merely a continuation of what Magaret Thatcher introduced and what the USA have been working with too over the past thirty years.
It's hyper-capitalism that doesn't work because it was all founded on debt
'he says as well as Woolworths, British Home stores are closing, B&Q and loads of small stores too'
He is telling you porkies. Woolworths has gone, kaput, finito, but the others mentioned are all still trading. They might have seen sales slump and issued profit warnings, but none of them are in administration and none have closed stores.
There are though, lots of stores going under. Although from the high street I walk down every day to work, it seems the chain stores are faring worse than the independents with the unending sales they've mostly had since around October are getting very desperate.
Wouldn't be surprised to see a few big name stores go under by the new financial year mind.
|
|
