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Please do it, don`t leave us thicko`s in suspense put that raving leftie in his place, just one thing though before you humiliate him, can you put it in your own words, rather than copy/paste, it would give you so much more credibility!
QuotePlease do it, don`t leave us thicko`s in suspense put that raving leftie in his place, just one thing though before you humiliate him, can you put it in your own words, rather than copy/paste, it would give you so much more credibility!With friends like you why would Billy need enemies. No I still can't bring myself to do it. Even though we disagree vehemently about things I do have a sneaking respect for him because he is a fighter. No matter how many times he prove`s me wrong I keep on coming back for more. Respect.
Glad to see you`re coming round Mick, I`m sure BST accepts your apology!
So. How is this private sector going to thrive?Well, you could cut taxes, give more money to business and individuals. But business already has piles of ready cash. Almost £1trillion is sitting in the bank accounts of UK businesses. That money would ordinarily be re-invested, but now businesses are scared to invest it. So giving businesses tax cuts is pointless.
If taxes are cut for private individuals they will also have more money. Now a combination of private companies having more money and private individuals having more money can only mean one thing. They will have to find a home for this money. Some companies and private individuals will pay off debts and rightly so. It stands to reason that even companies like this will be prepared to take more of a risk when they've got more money to play with and they can see that their customers have got more money in their pockets. Many others like me will invest and spend more money in the economy, thus creating a virtuous circle.
Business investment in Britain is heading for its lowest level on record, according to Barclays Capital, raising concerns about a key plank of the Government's growth strategy. Figures on Friday are expected to show that companies are not spending despite the Government's best efforts to encourage corporate activity by slashing employers' National Insurance contributions and corporation tax.
There are plenty of businesses that want to expand and can't get the money to do it. Having more money in the system will make it easier for them to get the money they need. It is untrue to just say no-one is spending and no businesses are wanting to invest and expand.
You also only ever seem to go on about the British consumer as the saviour of the economy if only they would spend. What about consumers in the rest of the world? Why don't you ever consider for a second that there are billions of other consumers out there that could buy stuff from us? Why do you only have the narrow view that the British consumer is the only one that can spend our way out of trouble? We did have a Commonwealth before you know. There are many other countries as well that we could sell to. Shouldn't be too hard to sell stuff to them if only we'd make the effort and stop pinning all our hopes on Europe.
So I'll ask you again. Who do you trust with your money the most to make good use of it? Politicians or yourself? A one word answer will do.
In 2007-2008 the basic problem with the UK economy was that we had too much consumption and borrowing and not enough production and saving. What happened was that a lot of British consumers basically stopped consuming and started rebuilding their savings and paying off debts, especially when they saw the equity in their homes disappearing.Unfortunately due to interest rates being kept too low for too long, our housing bubble hasnt burst yet, its just slowly deflating. I reckon theres at least another 30% fall in house prices on the way over the next few years so consumer confidence is not going to return anytime soon. When you have the economy 70% consumption, you cant address those imbalances without a recession.The solution is to embrace a recession rather than try to resist one. The disease is all this debt-financed consumption. The cure is that we stop consuming and start saving and producing again. Thats called a recession. Sometimes medicine tastes bad, but youve got to swallow it if you want to be cured. All weve done since 2007-2008 is carry on in the same way as before and the basic problem still exists today. Unless we change course as I have previously advocated, I forecast that another economic crisis will strike at the very heart of the UK economy. It will sweep through the monetary system itself and precipitate a massive sterling and Treasury bond crisis. We still consume more than we produce and we borrow abroad, but we are never going to be able to pay this money back. Borrowing even more (if theyll let us) is lunacy. When the economic crisis hits, your money might not be safe. The banks will not be able to withstand a big drop in the bond market because thats what coming, and will not be bailed out again.The solution is that we need to at last bite the bullet and raise interest rates during the recession to confront the inefficiencies. I argue that the easy money policies and the debt-based economy is what caused the problem in the first place and more of the same will only make it worse. Instead, I believe a recession is a necessary transition of the economy from a debt and consumption-based economy to a production-based economy that creates real wealth and real jobs. A recession need not be all bad. In a deflationary recession, real wages will rise because the cost of goods will fall faster.
You should be careful, someone who didn't know any better might think you were just passing off other people's opinion as your own. The very idea!
QuoteYou should be careful, someone who didn't know any better might think you were just passing off other people's opinion as your own. The very idea!You have a very vivid imagination if you think the website you refer to is the same as my post.
Listen, you've already had one very serious battering from me and I advise you to just let Billy take the battering this time.
Unless we change course as I have previously advocated, I forecast that another economic crisis will strike at the very heart of the UK economy. It will sweep through the monetary system itself and precipitate a massive sterling and Treasury bond crisis.
forecasting another economic crisis that will strike at the very heart of the U.S. economy, sweeping through the monetary system itself and precipitating a massive U.S. dollar and Treasury bond crisis.
Following your advice doesn't seem to be doing the British economy much good. I think I'll completely ignore it.
Forecasting what is going to happen to an economy is not an exact science. It's very difficult to predict accurately what will happen next month never mind next year. Give it another few years and I'm sure you'll be eating your words and the broad thrust of what I am saying will come to pass.
I've lost track of what the broad thrust of what you're saying
QuoteTime and again you have been shown that the predictions of hell fire and damnation that are made by you have been wrong and shown to be wrong.
Time and again you have been shown that the predictions of hell fire and damnation that are made by you have been wrong and shown to be wrong.
QuoteQuoteTime and again you have been shown that the predictions of hell fire and damnation that are made by you have been wrong and shown to be wrong. Please give examples. I've only just started making predictions so it is a bit soon to be judging them and saying I was wrong.
Sorry mjdgreg. Honest mistake.
It's alright mjdgreg. I am able to read what you post. I just don't know which bits of those posts are your thoughts and which are someone else's.Kind of makes arguing with you pointless. Because we're not arguing with you. we're arguing with someone else's opinions.