Jon the Hat Posted 4 December 2008 Posted 4 December 2008 Quote from a Blog I read: I see that as a white man on an average wage (who works seven days a week!!) that thanks to Labour: - It will be okay to discriminate against me in the jobs market - special booze offers are to be banned - I am to subsidise savings schemes for people on tax credits - my tax and NI are to go up soon - I will be asked as a taxpayer to guarantee other people's mortgages even though I (wisely) refrained from buying a house myself - I am still subsidising Northern Rock and B&B - My pension has been destroyed by Brown's stealth tax - the very few shares I own have collapssed in value.
breadandcheese Posted 4 December 2008 Posted 4 December 2008 As I said in a previous thread: I think the government is trying the good old fashioned solution of trying to inflate the problem and indeed their massive debts away. I can't help feel that this deflation scare is a bit of a smokescreen and that in 2 years, we'll have a major global problem with inflation. You only have to look at the current money supply figures to see there is a big problem brewing when it finally starts to filter through into the system. Typically, it will be bondholders and savers who will lose out, effectively being robbed of the real value of their savings by those in charge of the printing presses.
Bellend Sebastian Posted 4 December 2008 Posted 4 December 2008 Quote from a Blog I read:I see that as a white man on an average wage (who works seven days a week!!) that thanks to Labour: - It will be okay to discriminate against me in the jobs market - special booze offers are to be banned - I am to subsidise savings schemes for people on tax credits - my tax and NI are to go up soon - I will be asked as a taxpayer to guarantee other people's mortgages even though I (wisely) refrained from buying a house myself - I am still subsidising Northern Rock and B&B - My pension has been destroyed by Brown's stealth tax - the very few shares I own have collapssed in value. The last three points are a bit wide of the mark. Yes, tax payers are currently supporting Northern Rock but will ultimately get the money back and the last I read on it the recouping of the money spent was ahead of schedule. Pension destroyed by stealth tax indeed. Pension funds can no longer reclaim the 10 per cent tax credit on dividends, which bearing in mind pension funds are rarely invested exclusively in equities hardly equates to them being destroyed - people nearly always forget that they get tax relief on their contributions in the first place. A massive exaggeration at best. Single shares are high risk investments that go up and down in value. You don't blame the government if you back the wrong horse, do you? I'm going to blame the government for my bad back
Dr The Singh Posted 4 December 2008 Posted 4 December 2008 It's abit of a mortgage lottery, many will benefit many won't, unfortunately i'm not on a traker hence my mortgage didn't go down as much!!! Long term prosperity for a young family these days is difficult, those with wealth are at a very good time to invest in others misfortunes!! A property dealer I know has just bought 10 properties near half the price he would have done a year ago, yet the first time buyer is still strugling. I feel raped by this government, and I think they way it's looking there's going multiple more times I get raped aswelll!!
Jon the Hat Posted 4 December 2008 Posted 4 December 2008 The last three points are a bit wide of the mark. Yes, tax payers are currently supporting Northern Rock but will ultimately get the money back and the last I read on it the recouping of the money spent was ahead of schedule.Pension destroyed by stealth tax indeed. Pension funds can no longer reclaim the 10 per cent tax credit on dividends, which bearing in mind pension funds are rarely invested exclusively in equities hardly equates to them being destroyed - people nearly always forget that they get tax relief on their contributions in the first place. A massive exaggeration at best. Single shares are high risk investments that go up and down in value. You don't blame the government if you back the wrong horse, do you? I'm going to blame the government for my bad back I admire your optimism. You realise that the day that the govt bought the last round of Bank shares they lost £3Bn. In one day? Northern rock is very nearly bust. The mortgage book is worth almost nothing, and one way or another we will pay for it. Well on the pension front, that money used to be in the pension funds, and then it was put in the Treasury. I know whose pocket I think it would be better left in.
Daggers Posted 4 December 2008 Posted 4 December 2008 Quote from a Blog I read:I see that as a white man on an average wage (who works seven days a week!!) that thanks to Labour: - It will be okay to discriminate against me in the jobs market - special booze offers are to be banned - I am to subsidise savings schemes for people on tax credits - my tax and NI are to go up soon - I will be asked as a taxpayer to guarantee other people's mortgages even though I (wisely) refrained from buying a house myself - I am still subsidising Northern Rock and B&B - My pension has been destroyed by Brown's stealth tax - the very few shares I own have collapssed in value. Whichever "white man" wrote that isn't discriminated against because of his colour - it'll be because he sounds like a total and utter twat.
Tomassi Posted 4 December 2008 Posted 4 December 2008 It's abit of a mortgage lottery, many will benefit many won't, unfortunately i'm not on a traker hence my mortgage didn't go down as much!!!Long term prosperity for a young family these days is difficult, those with wealth are at a very good time to invest in others misfortunes!! A property dealer I know has just bought 10 properties near half the price he would have done a year ago, yet the first time buyer is still strugling. I feel raped by this government, and I think they way it's looking there's going multiple more times I get raped aswelll!! Does he have a daughter between 19 and 29?
Raj Posted 4 December 2008 Posted 4 December 2008 Our fixed rate deal expires next month. Been told when i signed that deal,i automatically qualified fr a tracker at 0.75 above the BOE rate!!! Happy!!!
Sparky Posted 4 December 2008 Posted 4 December 2008 Looks like the B of E are going to drop them again today by about 1% pt.Goes to show how fooked they think the economy is. Oh, and, buy dollars, now. A friend of mine last week bought 5 million Iraqi dina for £3200 . Good or bad move in your opinion ??
Raj Posted 4 December 2008 Posted 4 December 2008 A friend of mine last week bought 5 million Iraqi dina for £3200 . Good or bad move in your opinion ?? he dina wanna do that!!! erm sorry..... <_<
Monk Posted 4 December 2008 Author Posted 4 December 2008 A friend of mine last week bought 5 million Iraqi dina for £3200 . Good or bad move in your opinion ?? I haven't a clue as it really isn't a big currency. I guess if he is in the know he probably has a reason for it... possible economic growth... so if he takes a long term view, like 5-10 maybe it will make some money but I wouldn't know where to start. I'm not trading physical currency by the way, just 'spread betting' on a couple of the main currency pairs.
Sparky Posted 4 December 2008 Posted 4 December 2008 I haven't a clue as it really isn't a big currency. I guess if he is in the know he probably has a reason for it... possible economic growth... so if he takes a long term view, like 5-10 maybe it will make some money but I wouldn't know where to start. I'm not trading physical currency by the way, just 'spread betting' on a couple of the main currency pairs. He thinks of it as a bit of a gamble , three grand is a drop in the ocean to him . He is banking on troops being withdrawn and Iraq being allowed to trade again and the dina rising in value . May work for him , rather him than me though
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