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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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DO NOT VOTE TORY!!!!!!!!
All Labour have to do is tell the facts about their record, which is superb.
The Hurray Henry Tories shadow cabinet are all from the same few schools. The best we have had is Blair/Brown. They took the country from a basket case under the Tories into one of the world's strongest economies. The pound was the world strongest currency for about 10 years. Constitutionally they got rid of hereditary Lords. The average person has little idea of what this means - it paves the way to Land Value Taxation and a more truer democracy. Also the zero unemployment with over a million migrant workers to fuel the booming economy. Under Blair/Brown since 1997. Magnificent Facts....... * The UK had the longest sustained economic growth in history. * The UK economy has been the world's most robust. * The pound has been almighty strong. * 9/11 caused a recession in most of the western world. It never happened here. * Massive investment in schools and unis. More schools were built under them than at any other time. * Massive investment in health. More hospitals were built under them than at any other time. * Provincial cities have boomed with their skylines changing beyond belief. * Some superb anti-social laws have been implemented. The parents are now made responsible for their children's conduct. * The country even absorbed over 1 million eastern Europeans and still not have an unemployment problem. * Hereditary peers abolished - the biggest constitutional change since the 1600s, removing a self-interst group of large land owners, paving the way for Land Value Taxation. * Provincial cities went on massive building programmes - look at the skyscrapers in Liverpool, Manchester, Birmingham. * Rail infrastructure is being greatly improved - electrification projects. Tram schemes in many cities. High Speed Rail Networks are planned. * etc. The Tories have no intention of changing the current privileged ruling class Eton/Harrow/Oxbridge system. They are just shuffling deckchairs on the Titanic. Look at the appalling Tory record: * Cardboard cities - and they didn't care, blaming the victims * Mass unemployment - Horrendous levels. * Poll Tax * Riots every few years * Devastation of industry - One fifth of industry went under Thatcher and Major. * Devastation of economic growth creating infrastructure - It was privatized. E.g., Thatcher said the railways and mines were losing money. They were not as they were a part of the wealth creating process. She was so dumb her and her party could not see that. * Private Profit and Socialised Debts - Thatcher privatized the rail tracks creating Railtrack and of course it went bust having to be replaced by a Network Rail and non-profit organisation setup by Tony Blair. Small investors were ripped off and taxpayer picking up the bill yet again. privatized profits and socialized debts when they have creamed off and ran. * North Sea Oil Wasted - A total wasting of the greatest legacy left to us - North Sea Oil. The revenue from the oil was not invested into the country, in education, training and industry, just used for dole money in failed economic theories. * Failed Economic Theories -Implementing the silly Thatcher neo-capitalism that was bound to fail and did with the Credit Crunch. * etc * etc * etc Within months of Blair coming to power the cardboard cities were gone. Only when the world-wide Credit Crunch came in from abroad did it stall. Brown put together the world-wide rescue plan at the G20 meeting in London. In these difficult economic times we need hard nosed experience to steer us out with Brown having that. We do not need a bunch of Hurray Henry's all from a few schools - like they have in banana republics. |
#2
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DO NOT VOTE TORY!!!!!!!!
On 5/5/2010 7:28 PM, Doctor Drivel wrote:
All Labour have to do is tell the facts about their record, which is superb. The Hurray Henry Tories shadow cabinet are all from the same few schools. The best we have had is Blair/Brown. They took the country from a basket case under the Tories into one of the world's strongest economies. The pound was the world strongest currency for about 10 years. Constitutionally they got rid of hereditary Lords. The average person has little idea of what this means - it paves the way to Land Value Taxation and a more truer democracy. Also the zero unemployment with over a million migrant workers to fuel the booming economy. Under Blair/Brown since 1997. Magnificent Facts....... * The UK had the longest sustained economic growth in history. * The UK economy has been the world's most robust. * The pound has been almighty strong. * 9/11 caused a recession in most of the western world. It never happened here. * Massive investment in schools and unis. More schools were built under them than at any other time. * Massive investment in health. More hospitals were built under them than at any other time. * Provincial cities have boomed with their skylines changing beyond belief. * Some superb anti-social laws have been implemented. The parents are now made responsible for their children's conduct. * The country even absorbed over 1 million eastern Europeans and still not have an unemployment problem. * Hereditary peers abolished - the biggest constitutional change since the 1600s, removing a self-interst group of large land owners, paving the way for Land Value Taxation. * Provincial cities went on massive building programmes - look at the skyscrapers in Liverpool, Manchester, Birmingham. * Rail infrastructure is being greatly improved - electrification projects. Tram schemes in many cities. High Speed Rail Networks are planned. * etc. The Tories have no intention of changing the current privileged ruling class Eton/Harrow/Oxbridge system. They are just shuffling deckchairs on the Titanic. Look at the appalling Tory record: * Cardboard cities - and they didn't care, blaming the victims * Mass unemployment - Horrendous levels. * Poll Tax * Riots every few years * Devastation of industry - One fifth of industry went under Thatcher and Major. * Devastation of economic growth creating infrastructure - It was privatized. E.g., Thatcher said the railways and mines were losing money. They were not as they were a part of the wealth creating process. She was so dumb her and her party could not see that. * Private Profit and Socialised Debts - Thatcher privatized the rail tracks creating Railtrack and of course it went bust having to be replaced by a Network Rail and non-profit organisation setup by Tony Blair. Small investors were ripped off and taxpayer picking up the bill yet again. privatized profits and socialized debts when they have creamed off and ran. * North Sea Oil Wasted - A total wasting of the greatest legacy left to us - North Sea Oil. The revenue from the oil was not invested into the country, in education, training and industry, just used for dole money in failed economic theories. * Failed Economic Theories -Implementing the silly Thatcher neo-capitalism that was bound to fail and did with the Credit Crunch. * etc * etc * etc Within months of Blair coming to power the cardboard cities were gone. Only when the world-wide Credit Crunch came in from abroad did it stall. Brown put together the world-wide rescue plan at the G20 meeting in London. In these difficult economic times we need hard nosed experience to steer us out with Brown having that. We do not need a bunch of Hurray Henry's all from a few schools - like they have in banana republics. hahahahhahahahahhahahahahhahahahhahahahahahahahaha hhahahahahhahahahhahahahahhahaha! You are so f@$#@d up you sad *******!!!!!!!!!!!!!! By the way I did live in Essex once.Most excellent folk! |
#3
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DO NOT VOTE TORY!!!!!!!!
"Archon" wrote in message ... By the way I did live in Essex once. That all fits!!! |
#4
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
All Labour have to do is tell the facts about their record, .... and then no one will vote for them. |
#5
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
All Labour have to do is tell the facts about their record, ... I suppose it is inevitable that you should support nulabour. You have so much in common with Tony Blair; a complete detachement from reality and a total inability to accept that you are wrong. Colin Bignell |
#6
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DO NOT VOTE TORY!!!!!!!!
Nightjar "cpb"@ insertmysurnamehere wrote:
Doctor Drivel wrote: All Labour have to do is tell the facts about their record, ... I suppose it is inevitable that you should support nulabour. You have so much in common with Tony Blair; a complete detachement from reality and a total inability to accept that you are wrong. Not really. Tony was perfectly capable of accepting that he was wrong, but he didn't see that it mattered. As long as he truly BELIEVED he was right, at the time. He always wanted to be judged on a moral basis, whilst the rest of the country was crying out for him to be judged on the basis of competence. Colin Bignell |
#7
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DO NOT VOTE TORY!!!!!!!!
DO NOT VOTE TORY!!!!
Keep them out. Vote wisely. Vote LabDFEm or Labour to keep them out! If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. |
#8
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DO NOT VOTE TORY!!!!!!!!
{Horse**** snipped}
Too late mate! |
#9
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DO NOT VOTE TORY!!!!!!!!
DO NOT VOTE TORY!!!!
Keep them out. Vote wisely. Vote LabDFEm or Labour to keep them out! If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. |
#10
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DO NOT VOTE TORY!!!!!!!!
DO NOT VOTE TORY!!!!
Keep them out. Vote wisely. Vote LibDem or Labour to keep them out! If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. |
#11
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel
wibbled on Thursday 06 May 2010 10:19 DO NOT VOTE TORY!!!! Keep them out. Vote wisely. Vote LabDFEm or Labour to keep them out! This is you after the Labour psychs were finished turning you into their shrill: http://entertainment.ie/images_content/ClockworkPic.jpg -- Tim Watts Managers, politicians and environmentalists: Nature's carbon buffer. |
#12
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DO NOT VOTE TORY!!!!!!!!
DO NOT VOTE TORY!!!!
Keep them out. Vote wisely. Vote LibDem or Labour to keep them out! If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. |
#13
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DO NOT VOTE TORY!!!!!!!!
Vortex6 wrote:
{Horse**** snipped} Too late mate! Yes. I hope that the Labour advice to vote tactically is working (but not the way they intended). Anyway all should be clear about how the vote went shortly, by this time tomorrow with any luck. If the result follows the pollsters it will take some time to sort out the hung parliament and drag Brown, kicking and screaming out of No 10. |
#14
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DO NOT VOTE TORY!!!!!!!!
"Doctor Drivel" wrote in message ... DO NOT VOTE TORY!!!! Keep them out. Vote wisely. Vote LabDFEm or Labour to keep them out! If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The new Greek spending plans aren't strictly under the control of the Greek government, but down to the fact that Greece is effectively bankrupt and now run by bankers/liquidators. Now what government was in power the last time the IMF were brought in to bail out the government? |
#15
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DO NOT VOTE TORY!!!!!!!!
On Thu, 06 May 2010 10:58:53 +0100, Roger Chapman
wrote: If the result follows the pollsters it will take some time to sort out the hung parliament and drag Brown, kicking and screaming out of No 10. the facebook "exit poll" shows a big majority for Lib Dems, I reckon thats the new young vote who watched the TV debates as first taste of politics. I wouldnt be surprised if the winners enf up wishing they hadn't, after a year of two of cuts making them unpopular. -- Mike |
#16
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DO NOT VOTE TORY!!!!!!!!
"Roger Chapman" wrote in message ... I hope that the Labour advice to vote tactically is working Roger, you are right. Here is how to do it..... http://www.mirror.co.uk/news/top-sto...5875-22231573/ DO NOT VOTE TORY!!!! Keep them out. Vote wisely. Vote LibDem or Labour to keep them out! * If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. * We do not want the Tories in power. The country will go backwards - it always does with them. * We do not want to see people living in cardboard cities again. * We do do not want to see policemen beating down our citizens and their families again. * We need the prosperity that Brown gave us to continue. He has the economic experience. That is very sensible. |
#17
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DO NOT VOTE TORY!!!!!!!!
"Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. Here is how to do it..... http://www.mirror.co.uk/news/top-sto...5875-22231573/ DO NOT VOTE TORY!!!! Keep them out. Vote wisely. Vote LibDem or Labour to keep them out! * If they get in the riots in Greece will happen here - Under the last Tories we had them every few years. * We do not want the Tories in power. The country will go backwards - it always does with them. * We do not want to see people living in cardboard cities again. * We do do not want to see policemen beating down our citizens and their families again. * We need the prosperity that Brown gave us to continue. He has the economic experience. That is very sensible. |
#18
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DO NOT VOTE TORY!!!!!!!!
Allthumbs wrote:
On Thu, 06 May 2010 10:58:53 +0100, Roger Chapman wrote: If the result follows the pollsters it will take some time to sort out the hung parliament and drag Brown, kicking and screaming out of No 10. the facebook "exit poll" shows a big majority for Lib Dems, I reckon thats the new young vote who watched the TV debates as first taste of politics. I wouldnt be surprised if the winners enf up wishing they hadn't, after a year of two of cuts making them unpopular. Yes. Older and wiser does not equal lib dems.. He's got the Bliar Factor, young, attractive, and cosmopolitan. |
#19
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DO NOT VOTE TORY!!!!!!!!
"Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. |
#20
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DO NOT VOTE TORY!!!!!!!!
"Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. |
#21
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
"Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Really? I thought much of the foundations of the NHS were made long before 1948 by politicians like Lloyd George who introduced National Insurance. Much of the bedrock of the NHS was built by Tory ministers during the second world war. Naturally I do conced that the NHS as we know it was created under a Labour government. |
#22
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DO NOT VOTE TORY!!!!!!!!
Fredxx wrote:
Doctor Drivel wrote: "Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Really? I thought much of the foundations of the NHS were made long before 1948 by politicians like Lloyd George who introduced National Insurance. Much of the bedrock of the NHS was built by Tory ministers during the second world war. Naturally I do conced that the NHS as we know it was created under a Labour government. ...and look at the mess its in as a result. |
#23
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DO NOT VOTE TORY!!!!!!!!
"Fredxx" wrote in message ... Really? I thought much of the foundations of the NHS were made long before 1948 by politicians like Lloyd George who introduced National Insurance. Much of the bedrock of the NHS was built by Tory ministers during the second world war. The Tories opposed it all along, as they did with ALL social reform - as Brown highlighted last night in his speech. It is true the Libs laid foundations for the welfare state. Bevan in WW2, based the NHS on a voluntary system in a Welsh village. He laid it all down and Atlee implement it post WW2. Naturally I do conced that the NHS as we know it was created under a Labour government. |
#24
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DO NOT VOTE TORY!!!!!!!!
"The Natural Philosopher" wrote in message ... Fredxx wrote: Doctor Drivel wrote: "Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Really? I thought much of the foundations of the NHS were made long before 1948 by politicians like Lloyd George who introduced National Insurance. Much of the bedrock of the NHS was built by Tory ministers during the second world war. Naturally I do conced that the NHS as we know it was created under a Labour government. ..and look at the mess its in as a result. Says a snotty uni lunatic. |
#25
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
"Fredxx" wrote in message ... Really? I thought much of the foundations of the NHS were made long before 1948 by politicians like Lloyd George who introduced National Insurance. Much of the bedrock of the NHS was built by Tory ministers during the second world war. The Tories opposed it all along, as they did with ALL social reform - as Brown highlighted last night in his speech. It is true the Libs laid foundations for the welfare state. Bevan in WW2, based the NHS on a voluntary system in a Welsh village. He laid it all down and Atlee implement it post WW2. Nye Bevan was Health Minister in the postwar Labour Government and thus had charge of the start of the NHS but the NHS was based on the 1942 Beveridge Report. Beveridge was a Liberal who also had a hand in the creation of the precursor of the welfare state under Lloyd George. I am not sure what Bevan did during WW2 apart from being a PITA for Churchill. Naturally I do conced that the NHS as we know it was created under a Labour government. |
#26
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
Post Credit Crunch the pound was the world's strongest. Bull****. |
#27
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DO NOT VOTE TORY!!!!!!!!
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#28
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DO NOT VOTE TORY!!!!!!!!
"Steve Firth" wrote in message .. . Doctor Drivel wrote: Post Credit Crunch the pound was the world's strongest. This one should be locked up. http://www.youtube.com/watch?v=EKFTt...ayer_embedded#! |
#29
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DO NOT VOTE TORY!!!!!!!!
in 734731 20100506 151553 "Doctor Drivel" wrote:
"Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Sept 2008 : 1 pound sterling = 1.83 USD and 1.27 euros Now is 1.53 and 1.15 respectively. You were saying? |
#30
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DO NOT VOTE TORY!!!!!!!!
"Bob Martin" wrote in message ... in 734731 20100506 151553 "Doctor Drivel" wrote: "Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Sept 2008 : 1 pound sterling typo pre-CC |
#31
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DO NOT VOTE TORY!!!!!!!!
Ok, had enough. Lets have Merkel. Problem solved.
UK can be treated like Eastern Germany and assimilated. Going to drive a Challenger-II tank down to #10 and remove the little **** if I have to. |
#32
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DO NOT VOTE TORY!!!!!!!!
Atlee + Land = Mess We Have Today.
NuLabour have what circa 55,000 GPs at circa £250,000 with bonuses or equivalent re locum costs. If you reduce 55,000 to £50,000 for 10yrs you save £110 BILLION. If you reduce the retirement tax free golden handshake from £175,000 to £10,000 it saves another £4 BILLION. UK currency is the only major currency in the world to be -34% compared to 1974. Oops, make that -37%... -38%... -39%... UK debt is #2 in the world. UK has a floating currency, oops, make that sinking currency. If you think devaluation & inflation is a solution, try asking your Gilt buyers what they want to finance NuLabour 2010-2014. |
#33
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DO NOT VOTE TORY!!!!!!!!
js.b1 wrote:
UK debt is #2 in the world. Are you sure about that? How are you measuring this, as an absolute number or a proportion of GDP? |
#34
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DO NOT VOTE TORY!!!!!!!!
Doctor Drivel wrote:
"Bob Martin" wrote in message ... in 734731 20100506 151553 "Doctor Drivel" wrote: "Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Sept 2008 : 1 pound sterling typo pre-CC Which just goes to show how Labour allowed our economy to become so bloated and reliant on debt. |
#35
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DO NOT VOTE TORY!!!!!!!!
On May 7, 1:40*pm, "Fredxx" wrote:
js.b1 wrote: UK debt is #2 in the world. Are you sure about that? *How are you measuring this, as an absolute number or a proportion of GDP? Proportion of GDP - as the ability to service it :-) USA is #20, UK is #2, Ireland is #1. UK deficit is about 800B now with about 3.2B off balance or not realised. Italy & Ireland have severe problems. By 2040 80% of Western currencies will be Junk status including the UK and France as their economic leadership has fallen too far & deficits risen too much to compensate. Yes the USA has a bigger deficit BUT the USD is backed by oil & commodities. Everytime you buy commodities you have have to buy USD, hence the support. When USD goes down commodities go up & vice-versa. Attacking the debt ratings agency is a bit pointless, they are "after the fact" with Spain having 20% unemployment, big deficit, poor economic growth and still rated highly. Debt rating agencies are the tail that can not wag the dog, they simply lag what the bond market is saying. People are not paying attention to Italy which is in at least as bad a mess as Spain. It comes down to Germany & France not wanting a default because it would require hundreds of billions (264B at least minimum) to recapitalise their banks, but also not wanting the problem realised yet because they want a managed insolvency in 2011. They just do not want it in 2010 because their banks have not recapitalised fully after 2008 - Spain has a lot of bad debt hidden which time will erode hence the intention of stabilising or increasing housing where possible and using low rates to lend at high LT rates to gov't whilst borrowing at low ST rates from gov't. They can only do so much per unit time, hence they want Greece delayed as long as possible - it should have staggered on until October. As it stands the Euro is taking the brunt of it. UK is out of the Euro but will use devaluation and stuffing Gilts - it has to strike a balance otherwise Gilts rise and so do LT rates which will have to pass thro to bank lending rates and savers, otherwise the currency devalues into a spiral and you then awaken the long term holdings because excessive devaluation feeds into inflation and no bond holder will tolerate that. We have historically low rates, whilst there is only one direction from here (up) they want them to stay low for as long as possible. That will not be an easy trick as the market dictates rates re risk of devaluation, inflation, growth & default - plus oversupply re sovereign & corporate debt. |
#36
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DO NOT VOTE TORY!!!!!!!!
"js.b1" wrote in message ... Atlee + Land = Mess We Have Today. NuLabour 2010-2014. snip drivel |
#37
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DO NOT VOTE TORY!!!!!!!!
"Fredxx" wrote in message ... Doctor Drivel wrote: "Bob Martin" wrote in message ... in 734731 20100506 151553 "Doctor Drivel" wrote: "Fredxx" wrote in message ... "Doctor Drivel" wrote in message ... "Fredxx" wrote in message ... Wasn't it the equivalent of spend-thrift Labour that got Greece into their current mess? The UK is not Greece and we are not in the Euro. Look at your money. I have, and under Labour the pound hasn't done too well. Post Credit Crunch the pound was the world's strongest. Get your selective amnesia seen to. The NHS, founded by Labour, can sort it for free. Sept 2008 : 1 pound sterling typo pre-CC Which just goes to show how Labour allowed our economy to become so bloated and reliant on debt. Tripe! The debt is post Credit Crunch to stop soup lines. You have been told before. |
#38
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DO NOT VOTE TORY!!!!!!!!
On Fri, 7 May 2010 05:21:04 -0700 (PDT) Js.b1 wrote :
UK currency is the only major currency in the world to be -34% compared to 1974. As any intelligent Daily Mail reader knows, choose your dates carefully and you can 'prove' almost anything. Under Mrs T's reign the pound to US$ rate fell to something like 1.03. The current weakness of the pound is not good - especially for me, earning in £ and spending in A$ - but is protecting British jobs. -- Tony Bryer, Greentram: 'Software to build on' Melbourne, Australia www.superbeam.co.uk www.eurobeam.co.uk www.greentram.com |
#39
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DO NOT VOTE TORY!!!!!!!!
On Fri, 7 May 2010 06:42:22 -0700 (PDT) Js.b1 wrote :
Yes the USA has a bigger deficit BUT the USD is backed by oil & commodities. Everytime you buy commodities you have have to buy USD, hence the support. When USD goes down commodities go up & vice-versa. My understanding was that the USA was an importer of oil. The US dollar stays high because of the Chinese government though a number of news stories reckon that China is an accident waiting to happen, with consequence knock-on effects for the US$. Australia is having a commodity boom, thus our high currency, but the rest of the country is paying for it with ever increasing interest rates and a house price boom. -- Tony Bryer, Greentram: 'Software to build on' Melbourne, Australia www.superbeam.co.uk www.eurobeam.co.uk www.greentram.com |
#40
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DO NOT VOTE TORY!!!!!!!!
Tony Bryer wrote:
On Fri, 7 May 2010 06:42:22 -0700 (PDT) Js.b1 wrote : Yes the USA has a bigger deficit BUT the USD is backed by oil & commodities. Everytime you buy commodities you have have to buy USD, hence the support. When USD goes down commodities go up & vice-versa. My understanding was that the USA was an importer of oil. So as what they import is priced in dollars; the price of oil will not change whatever the USD rate. -- djc |
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