Laying Of Blame

[Roland]

It is a flipping cheek this goverment trying to slag of the workers. Telling them that their co workers are to be laid of, they must work longer hours for less pay and do extra years.......

Yep this Government wants to shift the balance of blame from the people that caused the austerity to the working man and woman. But it is the bankers and the bosses who have gambled with our country's future and you should not have to tolerate a worse pension and be forced to work longer to make up for their mistakes.

[dal2]

It is a flipping cheek this goverment trying to slag of the workers. Telling them that their co workers are to be laid of, they must work longer hours for less pay and do extra years.......

Yep this Government wants to shift the balance of blame from the people that caused the austerity to the working man and woman. But it is the bankers and the bosses who have gambled with our country's future and you should not have to tolerate a worse pension and be forced to work longer to make up for their mistakes.

The way the world has always went Roly! Some toffee nose *expletive removed* that has no worries about pension, age or amount, comes on to tell me its no his fault that I will have tae work longer and pay intae my private, very P***, pension!!!!!*expletive removed* s.

The chancellor still says its Gordon Browns fault from the time he was in charge of the treasurey!!!!! HOW LONG WILL HE CONTINUE WITH THIS LINE????????

[Roland]

The way the world has always went Roly! Some toffee nose *expletive removed* that has no worries about pension, age or amount, comes on to tell me its no his fault that I will have tae work longer and pay intae my private, very P***, pension!!!!!*expletive removed* s.

The chancellor still says its Gordon Browns fault from the time he was in charge of the treasurey!!!!! HOW LONG WILL HE CONTINUE WITH THIS LINE????????

Aye, and the Chameleon and co endorsed the Labour party in lending £175 billion to the thieving banking rats. IT wasn't a labour party problem,,,, just one that had to be dealt with. With out that we wouldn't have a problem. Mind if they paid it back as was supposed to then the would cancell out the £158 billion we still are borrowing. Mind the Billionaire are in real terms better of by an average of £333,000,000.... and we are all in ity to gether.

 

This is how the Tories work out who pays...

 

 

 

Want to understand the Eurozone's finances...And, the USA's for that matter?

 

 

Here is it explained using a simple story ...

 

Mary is the proprietor of a bar in Dublin. She realises that virtually all

of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

 

Word gets around about Mary's "drink now, pay later" marketing strategy and, as a result, increasing numbers of customers flood into Mary's bar. Soon she has the largest sales volume of any bar in Dublin.

 

 

 

By providing her customers freedom from immediate payment demands, Mary gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages.

 

Consequently, Mary's gross sales volume increases massively. A young and dynamic vice-president at the local bank recognises that these customer debts constitute valuable future assets and increases Mary's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

 

At the bank's corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

 

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Mary's bar. He so informs Mary. Mary then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since, Mary cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs. Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

 

The suppliers of Mary's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

 

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion euro no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Mary's bar.

 

Now, do you understand economics in 2010-11?

 

The arrogant Osbourne certainly does.... we pay!

[Walter swanston]

The chancellor was told in parliament today that some workers are paid less annually than he pays for his winter skiing holiday but we are all in this together Roland

[OLDYELLOW]

Well said guys were were better run when most things were state owned time to take back the banks and even up the distribution they all go on about equality so were all equals and should be paid same the bin men in this country are as important as a prime minister if bin men stopped emptying bins he wouldn't be able to get to work !!!!! Yet this bloody government can virtually give a bank away so we paid for that twice already !!!!!!

[Fair Play]

Sold the bank but still hold the debt

[Guest bigda]

this is what the government has done for years, its called divide and conquer, and they always use the rich with the poor then they get, the middle class going in head first, then they pull out, and wait and see how it pans out. and that is how it started in Ireland, in DERRY, one lot trying to starve the other out. no matter what anyone else tells you, that's what happened

there AND to see Derry there are three parts one part painted red white and blue then there is the other part green white and gold , poor against poor. but low and behold there is the other part a well to do bit. no colours there, they are the ones that are getting every thing that is going.

[Novice]

Initially I felt that the crisis had been caused by greedy banks. Ok they have been ripping us off for years but the real problem stems from successive governments (not only in this country but elsewhere) borrowing money to govern.

Frankly it is not on.

Most responsible people cut their cloth to suit the budget but not these characters.

Now they expect the working man to pick up the tabs. Simply not on.

 

As far as Osbourne is concerned one glance tells you that he cannot be trusted.

I bet he was bullied at school and is now looking for revenge.

[Guest bigda]

Initially I felt that the crisis had been caused by greedy banks. Ok they have been ripping us off for years but the real problem stems from successive governments (not only in this country but elsewhere) borrowing money to govern.

Frankly it is not on.

Most responsible people cut their cloth to suit the budget but not these characters.

Now they expect the working man to pick up the tabs. Simply not on.

 

As far as Osbourne is concerned one glance tells you that he cannot be trusted.

I bet he was bullied at school and is now looking for revenge.

banks lend to smooth talker, and con men, if they dont pay up what

they have borrowed we in deep sh** there has been sh** loads of money for the olympics, and the commonwealth, this year, and next year will be fine as there are another carrot laid out, for the world cup rugby, 20 14 but when that is gone, so will the repayments of whats borrowed so we are piggy in the middle, and if these guys dont pay up this time we are finished. as they got away with it as the commitment was made for the olympics and the con men knew the government knew they had them by the bollocks

[peter pandy]

Never read so much crap since 1998 when BROON raided the private pension funds.

[yeboah]

Never voted Tory never will but i can remember every-time they've been in they have f--- up big time,see us born a worker,die a worker,them born never needing to work ,die never having worked.Not so much Robin Hood's more like Robin c---s

[JohnQuinn]

The ONLY WAY we can make any kind of difference to the way Government treat us is to have a run on the banks. Pick out one major bank at a time and every working man/woman should withdraw every penny out of their account.

If we don't give them our money their game is Over. Striking is ok but a ONE day strike isnae much use, better to take our money off them.

 

Billy Connolly isnae wan of ma favourite people but he made a VERY TRUE statement once when he said "Anyone who has the Ambition to become a Politician should be Barred from becoming one" He should have included Bankers in that though

[OLDYELLOW]

Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.

[Roland]

This silly talk of not able to get the banks to pay up a decent amount back to us and clear WHAT they Owe, because they are threathening to take OUR money overseas - who are mostly all in debt - is just that crap and a lame excuse.

If the bank of England commondaire a few buildings and set up one or two in the high street and LET it be known the 'Blackmail' going on - which this goverment is not only fully aware of, but tow in hand with - . Stated Bring your accounts / money here for at least the same, or indeed far better deals... the banks wouldn't be able to come to terms and pay it back quick enough.

[Walter swanston]

There is only one answer for us here in Scotland let`s have our country back.What do we care about the antics of the Westminster clowns

[Roland]

Well there are many Scots in Westminster. I have no problem at all Scotland / Wales or Ireland having their independence and become self governing .... Just wish we didn't have to substiside them so much.

And please, please don't hark on about North sea oil... It isn't a part of Scotland. It isnt, nor ever was Scottish money in any way shape or form that survey, and put into place.

Indeed like the shetland Islands - still I believe - it is a part of England, like Lerwick is and has an English address.

 

Indeed the realism is in fact good reading here.

 

http://en.wikipedia.org/wiki/North_Sea_oil