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The Election Thread


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Rudi Hedman Flag Caterham 07 Nov 19 11.58am

Originally posted by Jway89

That's right in theory, but what's happening is the complete opposite. The amount of money that's been created is actually giving the worst yields in history, yet they are still being bought.

You say dangerous, I say incompetent, but I paint all of them, as far as I can tell with the same brush.

Other types of investment and their returns will always be a factor. Stocks, gold, oil, other commodities. Whatever credit default swaps are called now (facepalm).

 


COYP

Rudi Hedman Flag Caterham 07 Nov 19 12.00pm

Thinking you can beat the financial markets in government would be and will be insane. Hopefully we’ll see some investment in the right places without this risk.

 


COYP

Deleted11 07 Nov 19 12.00pm

Originally posted by Rudi Hedman

Other types of investment and their returns will always be a factor. Stocks, gold, oil, other commodities. Whatever credit default swaps are called now (facepalm).

Bonds from countries that can print their own money will always be bought, almost independent of the interest, because they are seen as a store of value that will be paid back definitely.

 

Deleted11 07 Nov 19 12.03pm

Originally posted by Rudi Hedman

Thinking you can beat the financial markets in government would be and will be insane. Hopefully we’ll see some investment in the right places without this risk.

But there would not be financial markets without the Government, right?
I would like to see a real investment plan that can make this country 'sovereign', as I see it, which is to be a non dependent on other country's resources as we are now.

 

Rudi Hedman Flag Caterham 07 Nov 19 12.10pm

Originally posted by Jway89

But there would not be financial markets without the Government, right?
I would like to see a real investment plan that can make this country 'sovereign', as I see it, which is to be a non dependent on other country's resources as we are now.

If we want to be the only country without financial markets then we will be living centuries in the past.

There might be too many people here to not rely on resources abroad, but if live a life of centuries in the past then that might change with anyone with foreign citizenship or investments other than in pounds will have left. Stock up on weapons though. You’ll need them.

 


COYP

Rudi Hedman Flag Caterham 07 Nov 19 12.13pm

Originally posted by Jway89

Bonds from countries that can print their own money will always be bought, almost independent of the interest, because they are seen as a store of value that will be paid back definitely.

Definitely? Always? You sound like you’re okay with out of control inflation and interest rates.

 


COYP

Deleted11 07 Nov 19 12.15pm

Originally posted by Rudi Hedman

If we want to be the only country without financial markets then we will be living centuries in the past.

There might be too many people here to not rely on resources abroad, but if live a life of centuries in the past then that might change with anyone with foreign citizenship or investments other than in pounds will have left. Stock up on weapons though. You’ll need them.

The Uk has nukes not sure my stanley knife is going to be much use

 

Rudi Hedman Flag Caterham 07 Nov 19 12.16pm

This is all stuff that won’t be risked to that extent anyway, because if Corbyn did, he’d be voted out swiftly.

I wanna know the next scandal. The press must have a few skeletons for us to laugh or froth at. Any photos of Corbyn being rimmed by Diane Abbott?

 


COYP

Deleted11 07 Nov 19 12.17pm

Originally posted by Rudi Hedman

Definitely? Always? You sound like you’re okay with out of control inflation and interest rates.

Not at all, but the proof is in the pudding right?
Something like $18T was printed in the last 10 years and not a peep of inflation or the consequent interest rate increases.

 

Rudi Hedman Flag Caterham 07 Nov 19 12.18pm

Originally posted by Jway89

The Uk has nukes not sure my stanley knife is going to be much use

You’ll need something when a gang from Croydon or wherever come for your home and belongings.

 


COYP

Deleted11 07 Nov 19 12.19pm

Originally posted by Rudi Hedman

You’ll need something when a gang from Croydon or wherever come for your home and belongings.

I'll be joining them

 

Rudi Hedman Flag Caterham 07 Nov 19 12.21pm

Originally posted by Jway89

Not at all, but the proof is in the pudding right?
Something like T was printed in the last 10 years and not a peep of inflation or the consequent interest rate increases.

The deficit and debt has been reduced with 1) austerity. It’s either that or 2) spending stimulating growth. Imo it should’ve been 1 then an increase of 2 but 2 is late.

 


COYP

Deleted11 07 Nov 19 12.24pm

Originally posted by Rudi Hedman

The deficit and debt has been reduced with 1) austerity. It’s either that or 2) spending stimulating growth. Imo it should’ve been 1 then an increase of 2 but 2 is late.

Fair enough. I'm of the opposite view.Spend when its going bad, save when it's going good.

 

cryrst Flag The garden of England 07 Nov 19 12.24pm

Labour want to tax the top 5% of earners more.
This may seem like it wont affect mr average but do you realise 70k puts you in this bracket.
Many tradesman and managers are in this bracket.
Be afraid, be very afraid if labour get into power.

 

mezzer Flag Main Stand, Block F, Row 20 seat 1... 07 Nov 19 12.27pm

Originally posted by Jway89

Not at all, but the proof is in the pudding right?
Something like T was printed in the last 10 years and not a peep of inflation or the consequent interest rate increases.

Check out Modern Monetary Theory (MMT) if you haven't already. Not sure I agree with it all but at least it tries to make sense of why all the old economic rules changed in 2008.

 


Living down here does have some advantages. At least you can see them cry.

Deleted11 07 Nov 19 12.28pm

Originally posted by Rudi Hedman

The deficit and debt has been reduced with 1) austerity. It’s either that or 2) spending stimulating growth. Imo it should’ve been 1 then an increase of 2 but 2 is late.

Have to take issue with that. The debt taking war out of the equation, has gone up massively in the last 10 years especially.

f the deficit is important to you, fair enough. It's not that important to me as I see it as a sign that we're not a 3rd world country.

 

Rudi Hedman Flag Caterham 07 Nov 19 12.31pm

Originally posted by Jway89

Fair enough. I'm of the opposite view.Spend when its going bad, save when it's going good.

New labour or any labour isn’t.

 


COYP

Deleted11 07 Nov 19 12.32pm

Originally posted by mezzer

Check out Modern Monetary Theory (MMT) if you haven't already. Not sure I agree with it all but at least it tries to make sense of why all the old economic rules changed in 2008.

Thanks. I have. It's very interesting, however, as with everything, could be used, rather incompetently, as a political weapon.

 

Deleted11 07 Nov 19 12.40pm

Originally posted by cryrst

Labour want to tax the top 5% of earners more.
This may seem like it wont affect mr average but do you realise 70k puts you in this bracket.
Many tradesman and managers are in this bracket.
Be afraid, be very afraid if labour get into power.

It's over £80k, if I've read that right. Don't get me wrong, I don't want to pay any taxes, but just look at the part of your statement I've just bolded. Only 5% of 40mish eligible to work people earn over £80k. I'd say we're doing alright if we're earning £80k+

So worst case scenario is If you're earning £149k now, which must put you in the top 0.5%, you will pay an extra £3.5k in tax. Not quite life threatening is it?

 

W12 07 Nov 19 12.52pm

Originally posted by Hrolf The Ganger

Indeed.

Who talks about the amount of tax lost on immigrant businesses insisting on cash only payments?

Labour wants to tax everyone big time to pay for their renationalisation scheme so you'd think they would be on that.
But wait. Let's whine about the rich instead as they wont be voting for them.

There are numerous economic and social issues.

Look at the amount of remittances (money wired "home" ) that's leaving the country. It's billions and some of this is undoubtedly money earmarked for "social care" and paid out in benefits.

The stats related to this also reveal the relatively low number of immigrants who are actually working and the even lower number who are actually earning enough not to be a burden on the state. The threshold for this is surprisingly high.

[Link]

I believe there is also widespread corruption from what I've been told e.g. people renting out multiple council properties under multiple names, abuse of the child care provisions (people setting up bogus nursery's and re-directing funds/salaries elsewhere) and this is all enabled by people on the inside of our local councils.

Then there is the fact that all this is at the expense of people that have paid into the system all their lives. Look at the current crisis in elderly care. They are having to choose between heating or eating and many of our elderly are just dying.

We have block voting for socialist parties along with electoral fraud that increases and accelerates the ability for all this to happen and eventually will make it inevitable that we get a socialist government.

We have crime, we have social division and the facts of all of this are hidden from us and cannot be discussed.

At the end of the day the reason this is happening is partly because it depresses wages for big business but mainly to artificially inflate property prices that our entire economy (and that of the west) now rests on.

Edited by W12 (07 Nov 2019 1.00pm)

 

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