Brexit, for once some facts.

[oldgroaner]

So he benefits. So be it. All sorts of low-lifes may well benefit. Russia is a basket case. He is a mafia boss. Not much we can do about that.

Stop him investing in subverting elections and referendums?

 

[OxygenJames]

No, not at all, are you actually saying you agree with him?
You leavers suffer with facing reality don't you?
There won't be a Tango and a better deal, there will be a different play on words to get the result the EU wants that can be repackaged by the Right Wing lie machine to look sufficiently confusing they can con the Public it is a "Resounding Victory"

Everything is going exactly as predicted.
May will get he "Deal" passed because of fear.

That is the only emotion that surpasses greed in a Tory mind.

Self-interest. That is what has made this the most wealthy time EVER in history. You can call it greed - I call it self-interest. We all want to make a profit - to get as much money for as little effort - but to do it in a sustainable way. Look how far we have come in just the last 50 years! Almost beyond imaginable.

 

[flecc]

Yes - BUT - since the 1970s we have become almost unmeasurably more wealthy! Partly because of the greater availability of credit. Really.

True, but inclusive of considerable suffering and even suicides, due to consumer credit abuse. That needs attention, if only because it also enlarges the peaks and troughs of the boom and bust economy that we've so often suffered from.
.

 

[oldgroaner]

Self-interest. That is what has made this the most wealthy time EVER in history. You can call it greed - I call it self-interest. We all want to make a profit - to get as much money for as little effort - but to do it in a sustainable way. Look how far we have come in just the last 50 years! Almost beyond imaginable.

And look consequently how much we have to lose by decisions not rationally made

 

[gray198]

This one is due to Brexit:

Investment in the UK car industry has dropped by almost 80% in three years, all due to the uncertainties of course.

The cost will be tomorrow's jobs and that returning investment will be in mainland Europe instead if WTO tariffs apply.

Whatever else one thinks of it, that risk is removed if May's deal is agreed.
.

not all due to Brexit. Fall in Chinese markets uncertainty over diesel etc etc

 

[gray198]

after the farmers, the fishermen.

thought the eu had already done that

 

[gray198]

Unfortunately, since the inception of credit cards etc in the 1970s, a huge proportion of the UK population have used credit facilities irresponsibly, leading to personal financial crisis at each economic downturn.

I recall the day when to get any credit you needed a guarantor over the age of 21 to secure it. That was in the days when people were paid in cash and the banks didn't have total control over our money. Having wages paid directly to bank accounts allowed them to do that. I don't recall any people having problems with debt before then.

 

[Woosh]

thought the eu had already done that

fishermen are quite capable of doing themselves out of a job by short term profit in overfishing.
the technology of catching fish: Sonar, net, bigger boats etc gives them efficiency.
overfishing also leads to fewer fishermen and fewer boats are needed.

 

[anotherkiwi]

fishermen are quite capable of doing themselves out of a job by short term profit in overfishing.
the technology of catching fish: Sonar, net, bigger boats etc gives them efficiency.
overfishing also leads to fewer fishermen and fewer boats are needed.

Not to mention electric nets, banned by the EU against the will of the Netherlands.

 

[50Hertz]

Of course consumer credit can be good credit too, since it supports the businesses which start and flourish on credit. But that depends on the consumer using credit intelligently.

Unfortunately, since the inception of credit cards etc in the 1970s, a huge proportion of the UK population have used credit facilities irresponsibly, leading to personal financial crisis at each economic downturn.

Education should be the solution, instead of spending vast amounts to teach what most will never need or use, we need to teach far more about life and life skills to the majority. That is where primitive societies win over us, they give their young practical education about life and how to lead it.
.

Couldn’t agree more.

 

[OxygenJames]

The problem with that take on economics is knowing the price of everything and the value of nothing. That model is so reductionist that it ignores all social, environmental responsibility and inevitably leads to improvishment. If all the economic costs are actually included and properly costed, different decisiond would be made.

Rubbish. You are arguing for the corn laws. You're arguing that the market does not discover true value. It does.

 

[flecc]

not all due to Brexit. Fall in Chinese markets uncertainty over diesel etc etc

That's primarily sales fall, not investment which is for the future.
.

 

[Woosh]

Rubbish.

what did you study if you don't mind me asking?

 

[OxygenJames]

I recall the day when to get any credit you needed a guarantor over the age of 21 to secure it. That was in the days when people were paid in cash and the banks didn't have total control over our money. Having wages paid directly to bank accounts allowed them to do that. I don't recall any people having problems with debt before then.

Right now Santander are offering 27 month balance transfers - with NO finance charge. As in: free money for 27 months (mind you they only offered me a £4000 limit but heck I took it anyway).

I remember back in the 90s when MBNA offered the same deal - except it was for 3 years. At the time interest rates on basic savings accounts were 3%. No prizes for figuring out what I did next.

 

[OxygenJames]

what did you study if you don't mind me asking?

Biochemistry. Then I went out into the big bad wide world and learned about........ money.

 

[oldgroaner]

thought the eu had already done that

Not so the Cod wars put paid to our Fishing industry long ago.

 

[flecc]

Right now Santander are offering 27 month balance transfers - with NO finance charge. As in: free money for 27 months (mind you they only offered me a £4000 limit but heck I took it anyway).

I remember back in the 90s when MBNA offered the same deal - except it was for 3 years. At the time interest rates on basic savings accounts were 3%. No prizes for figuring out what I did next.

Do you remember the Egg Bank? They were crazy!

They offered an interest free loan for two years and offered me £3000. I asked them to increase it and they did, to £4000 which I accepted. I then invested it with them at 6% interest!!

Little wonder they are no longer with us.
.

 

[Kudoscycles]

Yup. There is a cost associated with the freedom we're supposed to be getting. It was never about the money.

Rees-Mogg made £20 million on 23 June 2016,currency exchange $ to £,then has made,so far,£10million £ to $,but as you say its not about the money????
Maybe its about bringing back fox hunting.????
KudosDave

 

[Kudoscycles]

Or an even simpler response:

If they can't compete: Absolutely. End of.

I am sure you would not think that way if the tariffs were about to write off your business.
KudosDave

 

[Fingers]

They are bust, bankrupt. Many households in the U.K. are bankrupt in reality, but on credit life support. That is what enables them to maintain the illusion of wealth with such things as the white Range Rover Evoke lease car. I hope no one pulls the plug.

This is another reason why I switched to Remain. IF jobs disappear, what happens to the debt? The whole house of cards comes down and that will affect those who have been sensible with their finances.

lt already happened. They just printed bits of paper and called it money.

Capitalism failed about 10 years ago. We're just running on fumes now.

Can't wait to see the next scam. Exciting isn't it!

What a time to be alive!