Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Bandit127 on 06 October 2008, 20:25:23
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and we're not posting about it? Odd.
Most indexes are down 7-9% today, which puts last Monday in to the shade. Back then, there were 2 or 3 threads on the go...
http://news.bbc.co.uk/1/hi/business/7655288.stm
http://www.guardian.co.uk/business/2008/oct/06/creditcrunch.marketturmoil3
http://www.ft.com/cms/s/0/8eafcd26-936f-11dd-9a63-0000779fd18c.html
Hmmm :-?
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the main problem is when banks stop lending to each other - that means they're reluctant to give any credit for mortgages/loans/businesses thats when house prices fall and companies go out of business as usual the fatcats will be OK its the ordinary schmucks that'll have to carry the can for the banks greed and recklessness :(
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We're probably not posting about it cos we're too busy sh*tting ourselves about it. No borrowing no lending , no movement of money,business grinding to a halt, pensions worth sweet F A .
Worried . Me? Nah
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We're probably not posting about it cos we're too busy sh*tting ourselves about it. No borrowing no lending , no movement of money,business grinding to a halt, pensions worth sweet F A .
Worried . Me? Nah
~Its ok we all work until we die then we will not need pensions - i am sure that is what the goverment would prefer! - lol
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Don't mind working til I die , just prefer it not to be any time soon !!
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not bothered still got a job pays quite well and got me health and me wife n kids are healthy and happy !! :P :P
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Turkey stock market drop only today -8.62% :(
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Interest rates likely to drop 0.5% next week despite inflation running at 4.7%.............will it get things moving....your guess is as good as mine. :-/ :y :y
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trying to ignore the whole issue - seeing my pension go tits up depresses me.
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trying to ignore the whole issue - seeing my pension go tits up depresses me.
Me too. rather mortgage deal ends in a month too. ::)
Maybe Lloyds TSB will get cold feet, HBOS will fold, and the fat cats at the top will burn head office down, losing all record of me owing them anything. ::)
Kevin
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I learned one rule in tha hardest way..
Whatever those fat cats loose, we (workers) pay in the end.. >:(
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trying to ignore the whole issue - seeing my pension go tits up depresses me.
Got my pension in cash a few weeks ago and now based on monthly 'final salary' values and not stocks and shares. On the one hand, feel quite lucky but on the other, not sure what the longer term result will be as they are not based on shares rising or falling - directly...... :-/
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
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the main problem is when banks stop lending to each other - that means they're reluctant to give any credit for mortgages/loans/businesses thats when house prices fall and companies go out of business as usual the fatcats will be OK its the ordinary schmucks that'll have to carry the can for the banks greed and recklessness :(
That is only a symptom. The underlying problem is over-leveraged banks and bad debts. That means that on the surface of it banks are trading insolvent, and anyone that they owe money to whether it be other banks or depositors is SOL. But if people start pulling out money then they will all go pop. Hence the desperate rounds of guaranteeing deposits by Governments.
you're right theolodian
any governments worst nightmare is a run on a major bank or banks - so if a few countries (Germany and Ireland at the mo) - guarantee all savings - the worry is every one else starts taking their money out and putting it in banks where its guaranteed 100%
even with these guarantees tho - no bank seems to be safe from collapse - the main problem is all the garbage bad debts they've been buying off each other
p.s. - what does SOL mean? - apologies if its a typo :-?
or am i being thick? ;D
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the main problem is when banks stop lending to each other - that means they're reluctant to give any credit for mortgages/loans/businesses thats when house prices fall and companies go out of business as usual the fatcats will be OK its the ordinary schmucks that'll have to carry the can for the banks greed and recklessness :(
That is only a symptom. The underlying problem is over-leveraged banks and bad debts. That means that on the surface of it banks are trading insolvent, and anyone that they owe money to whether it be other banks or depositors is SOL. But if people start pulling out money then they will all go pop. Hence the desperate rounds of guaranteeing deposits by Governments.
you're right theolodian
any governments worst nightmare is a run on a major bank or banks - so if a few countries (Germany and Ireland at the mo) - guarantee all savings - the worry is every one else starts taking their money out and putting it in banks where its guaranteed 100%
even with these guarantees tho - no bank seems to be safe from collapse - the main problem is all the garbage bad debts they've been buying off each other
p.s. - what does SOL mean? - apologies if its a typo :-?
or am i being thick? ;D
Sh!t outta luck. :P
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
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the main problem is when banks stop lending to each other - that means they're reluctant to give any credit for mortgages/loans/businesses thats when house prices fall and companies go out of business as usual the fatcats will be OK its the ordinary schmucks that'll have to carry the can for the banks greed and recklessness :(
That is only a symptom. The underlying problem is over-leveraged banks and bad debts. That means that on the surface of it banks are trading insolvent, and anyone that they owe money to whether it be other banks or depositors is SOL. But if people start pulling out money then they will all go pop. Hence the desperate rounds of guaranteeing deposits by Governments.
you're right theolodian
any governments worst nightmare is a run on a major bank or banks - so if a few countries (Germany and Ireland at the mo) - guarantee all savings - the worry is every one else starts taking their money out and putting it in banks where its guaranteed 100%
even with these guarantees tho - no bank seems to be safe from collapse - the main problem is all the garbage bad debts they've been buying off each other
p.s. - what does SOL mean? - apologies if its a typo :-?
or am i being thick? ;D
Sh!t outta luck. :P
aaah!! - ;D ;D ;D
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Having recently retired all I'm seeing is the value of investments drop, and the amount of annuity on the AVC I'm going to be offered is way way down on just a few months back .. but this government insists you take your annuity in a very narrow timeframe.
No point in worrying about it ... 'cos theres very little I can actualy do :(
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Having recently retired all I'm seeing is the value of investments drop, and the amount of annuity on the AVC I'm going to be offered is way way down on just a few months back .. but this government insists you take your annuity in a very narrow timeframe.
No point in worrying about it ... 'cos theres very little I can actualy do :(
arm yourself to the teeth, load up the Mig, and head for the hills!! :y :y
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Having recently retired all I'm seeing is the value of investments drop, and the amount of annuity on the AVC I'm going to be offered is way way down on just a few months back .. but this government insists you take your annuity in a very narrow timeframe.
No point in worrying about it ... 'cos theres very little I can actualy do :(
Me and my pension will be outta here long before that time. You can transfer your pension to a pension in another country when you move.
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
OMG, at this rate we'll have to marry!! ;D ;D ;D ;)
Seriously, though, I'm glad you seem to view the EU like I do. Slightly (actually quite a lot!) off-thread, but I would welcome your views on this.
Whilst devolution in Scotland and Wales was opposed by many as an unwelcome precursor to the break-up of the UK, it has to be said that it was a move towards greater democracy (despite the operational mechanics being a little suspect). Local accountability is a GOOD THING. Odd then, that so many Scots Nats seem to want greater EU integration - which seems to me to water down the average Scot's ability to control their own destinies through the ballot box.
It's illogical in my book. ::) ::)
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
OMG, at this rate we'll have to marry!! ;D ;D ;D ;)
Seriously, though, I'm glad you seem to view the EU like I do. Slightly (actually quite a lot!) off-thread, but I would welcome your views on this.
Whilst devolution in Scotland and Wales was opposed by many as an unwelcome precursor to the break-up of the UK, it has to be said that it was a move towards greater democracy (despite the operational mechanics being a little suspect). Local accountability is a GOOD THING. Odd then, that so many Scots Nats seem to want greater EU integration - which seems to me to water down the average Scot's ability to control their own destinies through the ballot box.
It's illogical in my book. ::) ::)
looking at what the Scottish Nats have achieved so far, cutting prescription fees, free further education/free tuiton, getting rid of bridge tolls, theres a load of benefits - i'm not an SNP mouthpiece - all in all i'd say we were better for having our own government
but the SNP support europe which is where i differ, i cannot square the fact that we would have no control over the EU - people making laws governing us have to be accountable - if you dont like the government, fine, vote them out - thats democrcay's great strength, but the EU we couldn't vote out - no matter what laws they brought in, no matter how unpopular - there would be unelected bodies deciding on our lives - and that isn't democracy :(
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
OMG, at this rate we'll have to marry!! ;D ;D ;D ;)
Seriously, though, I'm glad you seem to view the EU like I do. Slightly (actually quite a lot!) off-thread, but I would welcome your views on this.
Whilst devolution in Scotland and Wales was opposed by many as an unwelcome precursor to the break-up of the UK, it has to be said that it was a move towards greater democracy (despite the operational mechanics being a little suspect). Local accountability is a GOOD THING. Odd then, that so many Scots Nats seem to want greater EU integration - which seems to me to water down the average Scot's ability to control their own destinies through the ballot box.
It's illogical in my book. ::) ::)
looking at what the Scottish Nats have achieved so far, cutting prescription fees, free further education/free tuiton, getting rid of bridge tolls, theres a load of benefits - i'm not an SNP mouthpiece - all in all i'd say we were better for having our own government
but the SNP support europe which is where i differ, i cannot square the fact that we would have no control over the EU - people making laws governing us have to be accountable - if you dont like the government, fine, vote them out - thats democrcay's great strength, but the EU we couldn't vote out - no matter what laws they brought in, no matter how unpopular - there would be unelected bodies deciding on our lives - and that isn't democracy :(
100% agree, Bannjaxx. (That's worrying!! ;D ;D ;D ;))
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Thankyou Nickbat for bringing facts rather than sun/gaurdian headlines to the discussion (again.) :y
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
OMG, at this rate we'll have to marry!! ;D ;D ;D ;)
Seriously, though, I'm glad you seem to view the EU like I do. Slightly (actually quite a lot!) off-thread, but I would welcome your views on this.
Whilst devolution in Scotland and Wales was opposed by many as an unwelcome precursor to the break-up of the UK, it has to be said that it was a move towards greater democracy (despite the operational mechanics being a little suspect). Local accountability is a GOOD THING. Odd then, that so many Scots Nats seem to want greater EU integration - which seems to me to water down the average Scot's ability to control their own destinies through the ballot box.
It's illogical in my book. ::) ::)
looking at what the Scottish Nats have achieved so far, cutting prescription fees, free further education/free tuiton, getting rid of bridge tolls, theres a load of benefits - i'm not an SNP mouthpiece - all in all i'd say we were better for having our own government
but the SNP support europe which is where i differ, i cannot square the fact that we would have no control over the EU - people making laws governing us have to be accountable - if you dont like the government, fine, vote them out - thats democrcay's great strength, but the EU we couldn't vote out - no matter what laws they brought in, no matter how unpopular - there would be unelected bodies deciding on our lives - and that isn't democracy :(
Mostly paid for by the English Taxpayer due to the bribes this government gave to the high number of Scottish MP's under the "Barnett Formula" ... :(
http://www.telegraph.co.uk/news/uknews/2276047/Barnett-formula-could-undermine-the-Union,-says-think-tank.html
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very true,although the scots would no doubt mention that westminster nicked their oil. ;)
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I have highlighted the actions of previous US administrations with regard to the sale of junk mortgages. On this side of the Pond, the culprit is....wait for it...the EU (again!) >:( >:(
Quote:
"At the heart of this catastrophe lies a drastic change made last year to banking regulations, which has led to the current freezing of the money markets. Without it, most of the banks that have collapsed, such as Lehman Brothers, might have survived.
Last December, a leading City economist, Professor Peter Spencer of Ernst & Young's Item Club, warned that unless something was done urgently to modify the new rules, the resulting paralysis of the banking system would "make 1929 look like a walk in the park".
Last week, as his prediction seemed to be coming true, the US was moving to change the rules. But in the EU they are enshrined in a directive which could take months, or years, to unpick. ::) ::)
Read the full story here:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/05/do0506.xml
thats the problem with EU - its too big and slow to react quickly to these kind of problems
uh oh....did i just agree with you AGAIN Nickbat?? :o :o ;) :y :y
OMG, at this rate we'll have to marry!! ;D ;D ;D ;)
Seriously, though, I'm glad you seem to view the EU like I do. Slightly (actually quite a lot!) off-thread, but I would welcome your views on this.
Whilst devolution in Scotland and Wales was opposed by many as an unwelcome precursor to the break-up of the UK, it has to be said that it was a move towards greater democracy (despite the operational mechanics being a little suspect). Local accountability is a GOOD THING. Odd then, that so many Scots Nats seem to want greater EU integration - which seems to me to water down the average Scot's ability to control their own destinies through the ballot box.
It's illogical in my book. ::) ::)
looking at what the Scottish Nats have achieved so far, cutting prescription fees, free further education/free tuiton, getting rid of bridge tolls, theres a load of benefits - i'm not an SNP mouthpiece - all in all i'd say we were better for having our own government
but the SNP support europe which is where i differ, i cannot square the fact that we would have no control over the EU - people making laws governing us have to be accountable - if you dont like the government, fine, vote them out - thats democrcay's great strength, but the EU we couldn't vote out - no matter what laws they brought in, no matter how unpopular - there would be unelected bodies deciding on our lives - and that isn't democracy :(
100% agree, Bannjaxx. (That's worrying!! ;D ;D ;D ;))
;D indeed!
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Interesting page.
Got another millipede in the cabinet - why!!??
My mortgage is in an interesting state currently 5.99 interest and staying around there!
Next year 100% inflation.
My pension is useless. I think I will work to 70 at this rate :(
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Banjaxx, quite interested in politics.
Different political views to me but agree on a lot - mainly Labour must go.
I reckon in England Conservatives will landslide, Labour second, LibDem will pick up Labour seats where Conservatives are weak.
In Scotland SNP will landslide and Banjaxx will tell me who will come second and third.
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Interesting page.
Got another millipede in the cabinet - why!!??
My mortgage is in an interesting state currently 5.99 interest and staying around there!
Next year 100% inflation.
My pension is useless. I think I will work to 70 at this rate :(
According to our laws you need to be at least 65..We call this retirement in the grave ;D
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given what has been written here regarding the economy does anyone want to predict what will happen in the short/med term with interest rates and inflation?
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given what has been written here regarding the economy does anyone want to predict what will happen in the short/med term with interest rates and inflation?
My own view is that interest rates will go down, possibly quite sharply, in an effort to get the system running again. I note that the Australian Reserve Bank has today implemented its biggest cut since 1992.
On inflation, its hard to call. There will be some upward pressure, but the oil price is down to the $85 mark at the moment. High Street retailers (and possibly supermarkets) are feeling the pinch and may want to reduce prices (and margins) to attract more custom. Raising prices when people are not spending can be counter-productive.
Additionally, wage pressure will not amount to much as people would rather want to hold on to their jobs, than push for increased wages. I note that Aer Lingus has laid off workers and imposed a wage freeze until end-2009. The union wants to take industrial action, but workers may well see the idiocy of such a move as it could result in even bigger lay-offs, if not something worse.
Mind you, common sense is a rare commodity these days. :(
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I was having a dig over road tax and the 100% rise.
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Banjaxx, quite interested in politics.
Different political views to me but agree on a lot - mainly Labour must go.
I reckon in England Conservatives will landslide, Labour second, LibDem will pick up Labour seats where Conservatives are weak.
In Scotland SNP will landslide and Banjaxx will tell me who will come second and third.
well, i doubt SNP will landslide - don't underestimate Scottish voters backing labour to prevent the Tories getting in!!!
I would say SNP edge it based on their record in power, Labour a close second, then the LibDems 3rd.......the Tories as usual will scrap it out with the greens and "others" a distant 4th
but don't underestimate Labour in Scotland - Gordon brown knows he can't win an election without winning Scotland - so I reckon they'll go all out to get us lot back on board - it'll be closer than you thionk - certainly not a landslide for the SNP :y :y
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
Even when it was he who steered us into it?
I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.
Kevin
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
Even when it was he who steered us into it?
I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.
Kevin
i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example :y
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
Even when it was he who steered us into it?
I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.
Kevin
i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example :y
Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.
Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......
Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up ;D ;D
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
Even when it was he who steered us into it?
I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.
Kevin
i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example :y
Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.
Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......
Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up ;D ;D
;D ;D seems plausible now you think about it!!
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the biggest issues is getting the bugger to call an election........
he will go full term and even then i reckon they will have to get an eviction order to get the fat lad out of no10
actually he's quite trim - plays a lot of tennis ;D
i reckon the best thing is for him to go full term - look at the USA with its lame duck president - you need someone taking decisions at the top and i'd trust GB on the economy over most to steer us out of disaster :y
Even when it was he who steered us into it?
I think he's so convinced he's the best man for the job, despite the mounting evidence to the contrary, he'll need to be evicted, as said. He needs to stop believing his own spin.
Kevin
i know what you're saying Kevin, it looks bad, but around the world every market is struggling - this is a global recession, you cant say Gordon Brown's at fault for the recession in USA for example :y
Granted we are at the mercy of larger economies, however as someone who 'knows' the economy he should have seen this coming, given his power i believe steps could have been taken 18 months/2 years ago to cushion the blow....
The writing has been on the wall for some time now, we all knew that this day was going to come, however what we were not sure of was the full impact of the collision, some 'prudent housekeeping' may have put UK plc in a better position.
Do i think there is a better person to do the job, none spring to mind, and a power struggle/change of leader is the last think required now as i believe that will destabilize what little faith there is currently in our financial community......
Maybe Tony Blair saw this coming and decided to jump ship before the 5h1t hit the fan, he got away pretty much scot free leaving his best buddy Gordy to mop up ;D ;D
;D ;D seems plausible now you think about it!!
;D
Yes.. and what makes it all the more ironic is that Gordon was still prattling on about having brought and end to "boom and bust". ;D
Kevin
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I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.
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I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.
Coz they are nosey and think that we are all dodgy and up to something secretive, unlike them. :-/ :-X :y
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I want to know why the government want to waste £20,000,000,000 on ID cards and a database, get all of us on a DNA database and spend £12,000,000,000 on an IT system to log all of our calls, emails, texts, and web browsing.
Coz they are nosey and think that we are all dodgy and up to something secretive, unlike them. :-/ :-X :y
This alone is enough to demand the sacking of the current government, anyone who thinks it is fine to deny kit for our troops while spending it on this needs to be shot!