And that's the crux of the matter, its whether someone makes the right choice with the information they know of, my previous comments could well be analysed and dismantled by say an accountant with specialised knowledge on the subject but without that knowledge I feel one can only use their intuition and experience.
Brown in history books
- Thread starter bengasman
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Viagra is expensive though, not to mention the midlife-crisis roadster upkeep, the mistress, the wigs. Then again, gas and leccy have doubled in about a year, and cable tv costs so much, not even ministers can afford it out of their own pocket.
It is all expensive
It is all expensive
Yes I think so, they turned a blind eye when they knew the debt was getting out of control so should've put in regulations on these credit cards companies and the same with the banks.
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What else should the government do?
Hold my hand when I cross the street?
How old do you want to be before you can considered wise enough to take care of your own finances?
Tougher regulations, chucking money at people will effect the economy in the long run won't it?
Why do you need help crossing the road?
Should be part of school education that money doesn't grow on tree,
Gordon Brown is the one who CAUSED the financial mess (by totally encouraging financial deregulation and a very light touch by the FSA, to allow the unsustainable credit upon which his 'boom years' were built) - and now he wants us to believe he is the big hero coming to fix it all?
Allowing Gordon Brown to try and fix the financial mess is about as sensible as employing Josef Frtizl as a babysitter! (Or Tony B.Liar as the Middle East "Peace Envoy"!!!)
what, throughout the entire world?
get real. How did he make the US and the Icelandic banks lend money to people who couldn't pay it back?while i dont want Gordon Brown to make things any worse, and while i dont agree that he should be PM, there are certain things you do not do.
One of these things is asking the fire brigade trying to save your house to stop for 6 months while another crew is brought in and allowed to get a handle on the situation. By the time they do your house is gone.
All we can do for the moment is try to make it through, its not going to be easy, and for a lot of people its going to be a real struggle. But in 12 months when all the banks have paid off their debt (and believe me they will) the govt will have got its money back and things wont look so bleak.
House prices will have stopped falling and will be on the cusp of a reprisal, unemployment will start to shrink at an initially slow rate and we will have a General Election. The question then will be simple. Will Brown stand on the Labour ticket or will they have had enough? If things aren't looking up then it'll be someone else for sure.
As to the cause of the whole situation there are many fingers to point. For the world economy as a whole we have to look at the way certain financial products are very poorly regulated. However on a personal note we have too look at ourselves. How many people realise that a 30% credit card is worse than a 15% one? You would hope beyond hope that the number falls in th 99-99.9% of people but sadly it is WAY lower.
Every year for 15 years people have been racking up debt only to put it all back on the house. This of course is fine when your house price is going up. People didnt realise, either through their own shortsightedness or the economists refusal to shout loud enough, that times change.
Times changed almost overnight and so we are where we are.
One of these things is asking the fire brigade trying to save your house to stop for 6 months while another crew is brought in and allowed to get a handle on the situation. By the time they do your house is gone.
All we can do for the moment is try to make it through, its not going to be easy, and for a lot of people its going to be a real struggle. But in 12 months when all the banks have paid off their debt (and believe me they will) the govt will have got its money back and things wont look so bleak.
House prices will have stopped falling and will be on the cusp of a reprisal, unemployment will start to shrink at an initially slow rate and we will have a General Election. The question then will be simple. Will Brown stand on the Labour ticket or will they have had enough? If things aren't looking up then it'll be someone else for sure.
As to the cause of the whole situation there are many fingers to point. For the world economy as a whole we have to look at the way certain financial products are very poorly regulated. However on a personal note we have too look at ourselves. How many people realise that a 30% credit card is worse than a 15% one? You would hope beyond hope that the number falls in th 99-99.9% of people but sadly it is WAY lower.
Every year for 15 years people have been racking up debt only to put it all back on the house. This of course is fine when your house price is going up. People didnt realise, either through their own shortsightedness or the economists refusal to shout loud enough, that times change.
Times changed almost overnight and so we are where we are.
what, throughout the entire world?
NO, in the UK.
Since when did brown have control over financial institutions throughout the entire world?
what, throughout the entire world?
NO, in the UK.
Since when did brown have control over financial institutions throughout the entire world?
Since when did he tell RBS to blow £10 billion CASH on ABN Amro? when did he ask Northern Rock to give out 125% mortgages?
RBS bought ABN Amro only because they could, they had crazy cash stockpiles and no-one in the financial markets were willing to admit that it couldnt continue. Had they not aquired ABN Amro they wouldn't have been left wide open to the sub prime mortgage market in the US (the lending of money to people with minimal chance of paying back). They would also have had 10 billion cash sitting around as a reserve.
Again, i dont agree that Brown should be where he is, but he is doing the right things. If everyone cuts back more people get laid off, there is less spending, more people get laid off. What the UK and the US and many other nations are doing is doing the spending that the population aren't in order to try and keep the economy ticking over until confidence is back in the market.
My concerns with the govt. lie more in these people having 12 weeks off coming up in the summer, getting second home allowances for living just 10 miles from parliment and using every possible way of gtting money for nothing.
We don't need the government to do the spending for us, especially not with the abysmal efficiency they have displayed; we could do the spending ourselves if they didn't tax us to death.
Taking out more loans to pay off debts is the ultimate stupidity; just look at the economy of third world countries where the debt is many times that of the gdp.
Taking out more loans to pay off debts is the ultimate stupidity; just look at the economy of third world countries where the debt is many times that of the gdp.
I think Gordy agrees with you on the exes DT going off this.
http://www.youtube.com/watch?v=EsHzz0QnxUA&feature=related
http://www.youtube.com/watch?v=EsHzz0QnxUA&feature=related
My point is that the financial collapse is worldwide (though originating in the US).
If you had been correct about Brown causing it (you're not) then, since his influence is only in the UK, the crash would have happened only in the UK and not every where else.
Since it did happen everywhere, your assertion is clearly wrong.
Quote.....
"The International Monetary Fund added to Gordon Brown's woes last night when it warned Britain,
will be at the BOTTOM of the league table of major developed countries this year, in the weakest year for the global economy since the second world war."
Which gives lie to Gordons boast last Autumn, that we were... "best placed to weather the storm".
This Labour government has spent its way to oblivion, and taken us with it........
In some parts of the north more people are employed by the state, than in private industry.....Economic madness.
"The International Monetary Fund added to Gordon Brown's woes last night when it warned Britain,
will be at the BOTTOM of the league table of major developed countries this year, in the weakest year for the global economy since the second world war."
Which gives lie to Gordons boast last Autumn, that we were... "best placed to weather the storm".
This Labour government has spent its way to oblivion, and taken us with it........
In some parts of the north more people are employed by the state, than in private industry.....Economic madness.
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