Ladies and Gents, we have a credit crunch

[K9sixtwo]

Tikay...
Cant see the Nikkei or the D.J rising.... Its a sodding great house of cards and its wobbling and groaning at the moment...
Sadly the proverbial rolls downhill and its us poor sods at the bottom who will end up geting coated in the brown stuff... Those at the top will get richer and continue having there palms crossed with silver whereas us at the bottom will continue to have the yolk of motgage debt hung around our necks....

Now if everyone DIDN'T pay there mortages for a couple of months ...now that would send the global markets into meltdown and the fat cats would get well and truely burned ..

Workers of the World Unite .. you have nothing to lose except your Chains...

[Bongo]

And your house.

[TightEnd]

and your savings

[AndrewT]

and your savings

My savings are all securely deposited at Blondepoker - no worry there.

[TightEnd]

and your savings

My savings are all securely deposited at Blondepoker - no worry there.

none at all


full of northern rocks, and gold fish

[kinboshi]

and your savings

My savings are all securely deposited at Blondepoker - no worry there.

none at all


full of northern rocks, and gold fish

Credit where credit's due.

[tikay]

Tikay...
Cant see the Nikkei or the D.J rising.... Its a sodding great house of cards and its wobbling and groaning at the moment...
Sadly the proverbial rolls downhill and its us poor sods at the bottom who will end up geting coated in the brown stuff... Those at the top will get richer and continue having there palms crossed with silver whereas us at the bottom will continue to have the yolk of motgage debt hung around our necks....

Now if everyone DIDN'T pay there mortages for a couple of months ...now that would send the global markets into meltdown and the fat cats would get well and truely burned ..

Workers of the World Unite .. you have nothing to lose except your Chains...

That's wrong mate. I guarantee it's wrong. The markets fall & rise in tune with investor confidence & economic activity. Always have, always will. We all suffer, & we all benefit. Markets are the most efficient economic indicator on the planet. I can absolutely guarantee that in 10, 20, 30, 40 or 50 years the Markets will be higher than they are now. They'll go up & down in the interim, in the short-term, but in the long-term, they'll never stop rising. Think of Property shares. They may be over valued or under valued right now. It matters not. Over time, they will gain value, because we need land. And they don't make land any more. Ditto Water. Ditto Oil. Ditto Gas. And so the Markets rise & fall - but always rise in the long-term. And we all suffer & benefit.

[jizzemm]

Tikay...
Cant see the Nikkei or the D.J rising.... Its a sodding great house of cards and its wobbling and groaning at the moment...
Sadly the proverbial rolls downhill and its us poor sods at the bottom who will end up geting coated in the brown stuff... Those at the top will get richer and continue having there palms crossed with silver whereas us at the bottom will continue to have the yolk of motgage debt hung around our necks....

Now if everyone DIDN'T pay there mortages for a couple of months ...now that would send the global markets into meltdown and the fat cats would get well and truely burned ..

Workers of the World Unite .. you have nothing to lose except your Chains...

That's wrong mate. I guarantee it's wrong. The markets fall & rise in tune with investor confidence & economic activity. Always have, always will. We all suffer, & we all benefit. Markets are the most efficient economic indicator on the planet. I can absolutely guarantee that in 10, 20, 30, 40 or 50 years the Markets will be higher than they are now. They'll go up & down in the interim, in the short-term, but in the long-term, they'll never top rising. Think of Property shares. They may be over valued or under valued right now. It matters not. Over time, they will gain value, because we need land. And they don't make land any more. Ditto Water. Ditto Oil. Ditto Gas. And so the Markets rise & fall - but always rise in the long-term. And we all suffer & benefit.

 

[thediceman]

As to the point why is growth important, it is important because it creates new employment which brings more disposable income into the economy therefore creating more and more employment and reducing benefit payments.

For every new pound that is created by growth it's true value is so much more because after the initial spending of that pound the next person will spend say 90% of that pound and so on and so on. As a result the demand for more goods and services increase which therefore subsequently means the creation of more employment.

Naturally the fluctuatation tends to be nominal in a global economy except for when you have the largest economic country start cocking things up, cue stupid greedy yanks.

[AndrewT]

As to the point why is growth important, it is important because it creates new employment which brings more disposable income into the economy therefore creating more and more employment and reducing benefit payments.

For every new pound that is created by growth it's true value is so much more because after the initial spending of that pound the next person will spend say 90% of that pound and so on and so on. As a result the demand for more goods and services increase which therefore subsequently means the creation of more employment.

Naturally the fluctuatation tends to be nominal in a global economy except for when you have the largest economic country start cocking things up, cue stupid greedy yanks.

Again, this all seems like a pyramid scheme - thing A creates demand for thing B which increases thing A which creates demand for thing B etc etc. I can understand how this works when the initial seed of economic growth is something which has genuinely (to all intents and purposes) come from nowhere and is new (oil, gold or coal out of the ground, farming and agriculture which is not severe enough to affect replacement levels), but much of the new employment over the past 20 years has been in the service industry - jobs for jobs sake.

[Karabiner]

I got a prepaid Mastercard this week and very handy it will prove I think, but there is one little thing in the small print:

If you keep a large amount such as £1000 or more on your card please be aware that you are not covered should The Newcastle Building Society go bust !

Is this something that I need to worry about ?

[tikay]

I got a prepaid Mastercard this week and very handy it will prove I think, but there is one little thing in the small print:

If you keep a large amount such as £1000 or more on your card please be aware that you are not covered should The Newcastle Building Society go bust !

Is this something that I need to worry about ?

No.

[tikay]

I got a prepaid Mastercard this week and very handy it will prove I think, but there is one little thing in the small print:

If you keep a large amount such as £1000 or more on your card please be aware that you are not covered should The Newcastle Building Society go bust !

Is this something that I need to worry about ?

They gave you a card at your age Ralph?

[Karabiner]

I mentioned that Tikay from the telly was a pal....

[K9sixtwo]

As to the point why is growth important, it is important because it creates new employment which brings more disposable income into the economy therefore creating more and more employment and reducing benefit payments.

For every new pound that is created by growth it's true value is so much more because after the initial spending of that pound the next person will spend say 90% of that pound and so on and so on. As a result the demand for more goods and services increase which therefore subsequently means the creation of more employment.

Naturally the fluctuation tends to be nominal in a global economy except for when you have the largest economic country start cocking things up, cue stupid greedy yanks.

Again, this all seems like a pyramid scheme - thing A creates demand for thing B which increases thing A which creates demand for thing B etc etc. I can understand how this works when the initial seed of economic growth is something which has genuinely (to all intents and purposes) come from nowhere and is new (oil, gold or coal out of the ground, farming and agriculture which is not severe enough to affect replacement levels), but much of the new employment over the past 20 years has been in the service industry - jobs for jobs sake.

          exactly Jobs for jobs sake.... I was looking for my ancestors on the 1901 census last night and looking through the area of Cornwall where they came from it was with a tinge of sadness that i noted how many were employed by the Tin mines .. a now dead industry ... The same is true of the Oil and Gas industry .. My concern is we are plunging headlong towards oblivion when the Gas and Oil run out and all that people care about is profit profit profit...granted we all have to make a living , but my conscience pricks me and to quote Steve Earle "if we all checked in with our Conscience once i a while the world would be a better place"

Isn't this all a bit deep for a Poker forum ??