Jon the Hat Posted 10 February 2014 Posted 10 February 2014 I have no debt so I guess I'm fine. I wouldn't bet on it. Do you own your home outright? Or are you renting?
MooseBreath Posted 10 February 2014 Posted 10 February 2014 I wouldn't bet on it. Do you own your home outright? Or are you renting? Renting. Could buy now but have no confidence in current house prices. So I'm totally debt free.
Merging Cultures Posted 10 February 2014 Posted 10 February 2014 Gah. Two degrees in economics and I just can't be arsed to post on this kind of terrible thread.
leicsmac Posted 10 February 2014 Posted 10 February 2014 Gah. Two degrees in economics and I just can't be arsed to post on this kind of terrible thread. Fair enough. Could you though please start an economics 101 thread as you said you might in a different thread? Personally I'm rather intrigued as to the nature of economics, and how it varies from time to time. Did experts drop the ball by not successfully predicting the worst crash since the Great Depression a few years ago - something that has cost a lot of ordinary people dear? Or was it impossible to predict and economics is by no means an exact science?
Merging Cultures Posted 10 February 2014 Posted 10 February 2014 Fair enough. Could you though please start an economics 101 thread as you said you might in a different thread? Personally I'm rather intrigued as to the nature of economics, and how it varies from time to time. Did experts drop the ball by not successfully predicting the worst crash since the Great Depression a few years ago - something that has cost a lot of ordinary people dear? Or was it impossible to predict and economics is by no means an exact science? Will do As I said in the Benefits thread, the study of economics is very dynamic. We have never experienced this type of global economy before. So new theories will have to be developed using the best data that is available. Econometrics is very scientific. My last degree was financial economics, which involved a lot of econometrics. It basically takes the data, applies a theory and will be able to scientifically tell you if that theory holds water or not. The key issue there is, using the data that is available. Economics can take into account behaviour and respond to current events, but that is predicting based on existing theories. Eventually, those theories will have to change as the global economy does. However, in this particular case I am not really sure what the OP wants. He's shown that we need to keep borrowing to meet our obligations, as set out over the last decade and more, and that debt has continued to rise over the last 300 years. Now, in my mind, this is exactly why we need austerity. Not to prevent people who need access to safety nets from getting the support they need, but to protect those who are earning from having to support an increasing burden. Who is at fault here? Let's think realistically, laws protecting the poor are pretty much entrenched. A government can't just overturn laws and magically make these issues disappear. People get older, people get sick, government agencies hire staff, they can't be fired immediately. Change takes time. Especially for government. Too long... I'll stop.
digitalalba Posted 11 February 2014 Author Posted 11 February 2014 I want borrowing to cease, the debt we 'owe' written off and the elected government taking control of our economy. I don't want non elected banksters having huge amounts of say over our lives, that is unfair.
digitalalba Posted 5 November 2014 Author Posted 5 November 2014 I dare not look at the current debt, for I may want to eat later. No, I just want to point you in the direction of Max Keiser, who, apart from being THE most watched TV presenter on planet earth, believes that bankers, the elite kind, are "mass murderers". http://www.maxkeiser.com/ You could argue that it's a throw away comment to achieve higher ratings, but you would be wrong, because as stated above, his show already achieves the highest world wide audience, it's so great, that the ad break is half the length of a regular programme, and it starts bang on time, so it's not a 'for profit' stunt. "RBS loaning money for Hamas, HSBC loaning money for Hezbollah". That's right, banks on our streets LOANING money to known terrorist organisations. Is that why he said it? Because it's the truth, and if so, why don't 'regular TV tell us the truth?
Webbo Posted 5 November 2014 Posted 5 November 2014 Max Keiser is full of shit and I seriously doubt he's the most watched presenter in the world.
johnny the fox Posted 5 November 2014 Posted 5 November 2014 As the old saying goes..if you owe the bank 5 grand you have a problem ..if you owe the bank 100 grand the bank has a problem.
digitalalba Posted 5 November 2014 Author Posted 5 November 2014 Max Keiser is full of shit and I seriously doubt he's the most watched presenter in the world. In what way is he 'full of shit'?
Webbo Posted 5 November 2014 Posted 5 November 2014 In what way is he 'full of shit'? He's telling idiots what they want to hear without any proof what so ever. Everything that happens in the world is some capitalist plot, it's all bollox.
Alf Bentley Posted 6 November 2014 Posted 6 November 2014 As the old saying goes..if you owe the bank 5 grand you have a problem ..if you owe the bank 100 grand the bank has a problem. ...and if the banks owe £500 billion, they have no problem whatsoever; they just pass the problem on to the people of the country via their representatives, the government.
Ghost Troop Posted 6 November 2014 Posted 6 November 2014 If you really worry about all of this, well it wont help. We need another war to take our minds off the issue. Your life is short dont fill it with concerns that you can't really influence to any great degree. Have a beer.
VLC86 Posted 6 November 2014 Posted 6 November 2014 Sounds like the IBS are just shitting money away. Il get my coat.
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