Alls quiet on the brummagem front - Gissa job

[DNgroundworks]

how depressing eh? this time last year, i thought this year would be shite, as it turns out its been ok, i wonder what next year will bring?

[parishpaver]

how depressing eh? this time last year, i thought this year would be shite, as it turns out its been ok, i wonder what next year will bring?

Credit crunch, state failure, civil war, cannibalism.

Like 28 Days Later.

Only worse.

Merry Christmas

[DNgroundworks]

How much of it is scare mongering though by the media, please bear in mind i havent been around long enough to have a good understanding of past politics and economics, will it get as bad as what they make out?

Watching the news a few years ago and the way the reporters spoke it was as if the world was over and it was good night.

[Carberry]

How much of it is scare mongering though by the media, please bear in mind i havent been around long enough to have a good understanding of past politics and economics, will it get as bad as what they make out?

Watching the news a few years ago and the way the reporters spoke it was as if the world was over and it was good night.

I think it is worse than they are making out. Nobody is doing anything about it. When somebody with the know how and the balls to do something about it tries to do something about it they just get blocked at every turn by government lobbyists until they disappear or whatever law they were passing is so watered down that it is worthless.
http://en.wikipedia.org/wiki/Brooksley_Born
http://en.wikipedia.org/wiki....ion_Act
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act


In 2008 in America there were 16 trillion in bailouts to cover a Run on. There are 700 trillion of derivatives contracts out there, that is roughly £6.5 million for every person in Britain or $120,000 for every person in the world. We are talking obscene amounts of money that people cannot comprehend. Markets have collapsed before, and depending on how they have dealth with it there has been inflation or deflation but there has never been anything on this scale before. Markets have never been so intertwined. Each time the Government has intervened with bailouts etc they haven't addressed the actual problem, they have treated the symptoms and delayed the meltdown.
If that collapses then there will be mass worldwide bankruptcies and the only thing with any value will be bullets, food and water.

The bailouts are delaying a meltdown (ie a full run on in the derivatives market) but there is only so much the governments can cover and they are nearing their limit. JP morgan has the biggest share at $78 trillion, the US GDP is $15 trillion.
In the meantime, the investment bank staff are getting massive bonuses while their banks go down the crapper taking the economy with it.

edit: forgot to mention, the derivates market grew in 2011 by as much as existed in 2001. Nothing is being done to curb the problem.

[DNgroundworks]

Ill get myself a gun then

[parishpaver]

Ahhh....I see Mr Carberry is a fellow wearer of the tin foil hat.

[Carberry]

Yes, haha.
The more I read about it the more disgusted I am.

[parishpaver]

Ignorance is bliss, eh?

Can't believe the backlash against the banks has been so subdued.

Still.......with 18 cans of stella for a tenner from Asda to drink and the X-Factor to watch on telly, who has time to riot?

[local patios and driveway]

Haha who knew xfactor and wife beater would save the world!

[ilovesettsonmondays]

you cant beat asda parish . just got ten cans of guinness draught 7 pound . now that is

[ilovesettsonmondays]

jackpot:D

[mickavalon]

I'll get me coat then!!:(

[mickavalon]

Shite, should of checked that there were 2 pages before I posted that, must be the cheapish Polish lager I'm drinking.
I suppose it's not worth saying I picked up some work today is it? I was feeling pretty good, but now I just wanna kill bankers and live in a Bunker with a lot of pot noodles and a large amount of Ordanance. Crap, they've banned them, so I'll just take a few sharp sticks and me Mattock, I could do a bit of damage with that

[lutonlagerlout]

just when i thought things were getting really tight,I had a right stroke
I got this email today

Good day,

I am.Mr Douglas J Flint, GBS, Group Chairman of the Hong Kong and Shanghai
Banking Corporation Limited. I have a business proposal of Nineteen millions
Five Hundred Thousand United State Dollars only for you to transact with me
from my bank to your country.

All confirmable documents to back up the claims will be made available to you
prior to your acceptance and as soon as I receive your return mail Via my email
address:douglasf001@yahoo.co.jp and I will let you know what is required of you.

Your earliest response to this letter will be appreciated.

Best Regards,
Mr.Douglas J Flint.

what could possibly go wrong :laugh:

regarding this current recession,which has been on for the last 3 years whatever they say
IMHO our reaction to 9/11 caused this
in 1 way ben laden has won
we have spent so much money (especially with the carlyle group===> run by ex presidents and prime ministers) bombing bits of rock and desert , that it has wrecked most of the world's economy
if you look at the countries not involved i.e. brazil,russia,india,and china,their economies are doing ok
got a nice big extension to start a week before Xmas,just 1 more ramp to do :;):
the occupational therapist said to me the other day " you like doing ramps ,dont you?"
leading question or what eh?
LLL

[parishpaver]

The problem is debt LLL.

Fractional reserve banking and virually nil interest rates have swamped the world with debts that can/will never be repaid.

Worth watching

There is also the problem of people working for a few dollars a day making stuff for people driving around in cars the size of houses. The world is rebalancing. You're not going to be as well off as your parents and your children aren't going to be as well off as you.

As someone said in another thread.......times change.