Boss_Blue
I will find you and consensually bum you
Just had a good laugh at that myself lol
Current Affairs 2017 General Election
- Thread starter neil999
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One thing tonight proved is Paxman is an obnoxious, disgraceful bellend of a man.
Socrates
Player Valuation: £6m
Oh, the old debt argument.
Why is the national debt so large and where has the money gone?
Mainly from Quantative Easing (QE) whereby the Bank of England (a private institute comprising of the richest of the rich) that issues debts that the UK taxpayer has to pay interest on.
From the post above, that interest stands at £40bn. That money goes to the BoE. Where did they get it from in the first place?
They didn't. They created it out of nothing.
Genius, really
So, where does that QE money go?
It gets distributed among the banks and financial institutions to provide "liquidity" to the markets.
By liquidity, they mean funds to gamble on the markets.
When the prices go up, the banks take the profit.
When they go down, it doesn't matter. It's not their money.
Either way, the banks profit from transaction charges and the traders get their nice fat bonuses.
Meanwhile, the effect of pumping money into the markets is to inflate the prices for the stocks, shares and commodities which are held in large amounts by the wealthy who tend to hold them in offshore accounts to avoid tax and stored in properties that are often empty, in high value paintings and of course, the personal debts of the nations poorest people relying on credit to survive and the profligate too if we have to be honest about it.
These are the very same people who are given tax breaks too for the money they haven't put a minute's effort in to earn by the way.
Now, here's the really sneaky part...
In order to pay the aforementioned debts down, the Tory Government, (who I would imagine have their own financial interests in the very same markets) sell off the nation's assets in the form of privatisation.
I realise that our pensions and savings too depend on these markets but we only represent a paltry 4% of the total wealth so the wool is being pulled over our eyes there a bit.
These privatised assets are bought by the wealthy who have profited most from the rise in the share prices, rises that have been achieved using OUR MONEY so in fact, we have given our assets away and are led to believe that it was necessary for the good of the economy.
And so those once publicly owned entities cut jobs in the name of efficiency, sell off assets creating more wealth for the new owners who then sell it to foreign powers for even more fat offshore profits.
It's why the top 500 wealthiest on the Forbes list saw their worth increase 14% over the last year while the rest of the country suffered "austerity" and are still worse off as a nation than we were in 2010 when the tories took over.
Here's the gist of my argument: is it really more beneficial to give a billionaire or group of billionaires a £1bn tax break or use the money instead to provide 40,000 people employment at an average of £25,000 each (the actual numbers can vary a bit) in education, law and order, health and social care both directly and indirectly?
For a start, we would get some back in the form of taxes but the people themselves would spend a good portion of that income in local communities thus bringing income and increased profits for local businesses.
The counter-argument given is that if the money is directed straight into the economy is that inflation will rise.
But inflation is OK if it applies to stocks, shares and commodities, is it?
The situation is easier than some people are making it out to be.
They are not going to carry out any threats to leave. Any pragmatist knows it's better to make less profit than no profit.
And even if any businesses did, the laws of capitalism dictate that it wouldn't take long for others to fill the gap.
So it's down to the voters of the nation. Do we want a government that has the interests of the many in charge or one that has the interests of the few?
Why is the national debt so large and where has the money gone?
Mainly from Quantative Easing (QE) whereby the Bank of England (a private institute comprising of the richest of the rich) that issues debts that the UK taxpayer has to pay interest on.
From the post above, that interest stands at £40bn. That money goes to the BoE. Where did they get it from in the first place?
They didn't. They created it out of nothing.
Genius, really
So, where does that QE money go?
It gets distributed among the banks and financial institutions to provide "liquidity" to the markets.
By liquidity, they mean funds to gamble on the markets.
When the prices go up, the banks take the profit.
When they go down, it doesn't matter. It's not their money.
Either way, the banks profit from transaction charges and the traders get their nice fat bonuses.
Meanwhile, the effect of pumping money into the markets is to inflate the prices for the stocks, shares and commodities which are held in large amounts by the wealthy who tend to hold them in offshore accounts to avoid tax and stored in properties that are often empty, in high value paintings and of course, the personal debts of the nations poorest people relying on credit to survive and the profligate too if we have to be honest about it.
These are the very same people who are given tax breaks too for the money they haven't put a minute's effort in to earn by the way.
Now, here's the really sneaky part...
In order to pay the aforementioned debts down, the Tory Government, (who I would imagine have their own financial interests in the very same markets) sell off the nation's assets in the form of privatisation.
I realise that our pensions and savings too depend on these markets but we only represent a paltry 4% of the total wealth so the wool is being pulled over our eyes there a bit.
These privatised assets are bought by the wealthy who have profited most from the rise in the share prices, rises that have been achieved using OUR MONEY so in fact, we have given our assets away and are led to believe that it was necessary for the good of the economy.
And so those once publicly owned entities cut jobs in the name of efficiency, sell off assets creating more wealth for the new owners who then sell it to foreign powers for even more fat offshore profits.
It's why the top 500 wealthiest on the Forbes list saw their worth increase 14% over the last year while the rest of the country suffered "austerity" and are still worse off as a nation than we were in 2010 when the tories took over.
Here's the gist of my argument: is it really more beneficial to give a billionaire or group of billionaires a £1bn tax break or use the money instead to provide 40,000 people employment at an average of £25,000 each (the actual numbers can vary a bit) in education, law and order, health and social care both directly and indirectly?
For a start, we would get some back in the form of taxes but the people themselves would spend a good portion of that income in local communities thus bringing income and increased profits for local businesses.
The counter-argument given is that if the money is directed straight into the economy is that inflation will rise.
But inflation is OK if it applies to stocks, shares and commodities, is it?
The situation is easier than some people are making it out to be.
They are not going to carry out any threats to leave. Any pragmatist knows it's better to make less profit than no profit.
And even if any businesses did, the laws of capitalism dictate that it wouldn't take long for others to fill the gap.
So it's down to the voters of the nation. Do we want a government that has the interests of the many in charge or one that has the interests of the few?
Clint Planet
Utter Cad.
Gave up when you said the Bank of England was owned by the richest of the rich - it's owned by the Treasury.
Donald Twain
Vide cor meum
Not so clever now are we Theresa ? Is there anything worse than being found out !
Socrates
Player Valuation: £6m
It's not though. Like the US federal reserve, it's a private institution masquerading as a Treasury owned entity.
Old Blue 2
Player Valuation: £40m
The PLP is a bunch of wet nellies. they have tried to oust him, but the greater membership wanted him to stay.
So, Joey, you set more store by a bunch of self-interested MPs than the ordinary people of this country? What a load of tosh...
Old Blue 2
Player Valuation: £40m
And it's people like you who do not bother to vote who put the Tories in power in the first place!
What a cock-eyed way of thinking you have...
Nope - check your facts mate. The Fed may be as you say, B of E is as I say. Trust me on this one, I have inside info.
@orly No weasel points please.
Edit - check the Fed website and you'll find all profits go to the US Treasury,.
Socrates
Player Valuation: £6m
Check my edit mate. The Fed isn't a private company as such either.
See, again mate, I'll completely admit May was outrageously poor tonight, and Corbyn held his own.
But there's still absolutely no way I'm voting for Corbyn. He crosses too many red lines for me, and for I suspect many other people.
But that was a good night for him, absolutely. I doubt it'll have much of an impact whatsoever, but he's in with a shot of avoiding a complete trampling in the GE because of a surprisingly effective campaign that will rope more voters in than I initially would have expected - but still nowhere near enough to actually win.
gonetomorrow
Player Valuation: £80m
Maybe but the politicians are wary of him and that's a good thing.
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