General Discussion
To trust or not!
Over three years ago, I advised many people, that if they had shares in any company, "ditch them, as there will be heavy falls to come".
I do not think anyone heeded that advice until the start of this year when it was becoming more and more obvious what was happening.
Many lost a lot of money by hanging on and those that tried to stick it out with HBOS for instance, have lost big time.
twelve months ago, you could have got £10 a share if you had them to sell, today with the link up with Lloyds TSB, you are offered slightly less, £2.32p per share and no more.
Not a bad deal according to sum!?!?!?!?!?
Here is a bit of info for Roy wibble.
Now I won't be around to have to pay it back, but the disaffected youth will be. A national debt is your debt.
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The government rescue of Northern Rock bank last year has pushed up the level of the national debt.
In August, net government debt stood at £633bn which was 43.3% of the nation's economic output, known as GDP.
A year ago, the level of state debt stood at £507bn, or just 36.4% of economic output.
The Office for National Statistics (ONS) said most of this was due to the cost of buying Northern Rock and taking on its liabilities.
Nationalisation
The near-insolvent Northern Rock was formally nationalised in February.
However, the ONS has now revised its monthly state borrowing figures back to October 2007, to include the effect of the bank's bail-out in the national debt.
That was when the Rock was first included in public finances as a result of the rescue operation mounted that summer and autumn by the Bank of England and the Treasury.
By the end of June this year, the government had loaned directly the Northern Rock £21bn.
However, the liabilities taken on through the Rock's takeover have boosted the national debt by much more - pushing it up by £92bn last October.
The Bank of England's extra financing to the banking system because of the credit crunch, known as the Special Liquidity Scheme, may also be included in public finances as well.
However the ONS said it had not yet come to a decision on how to do this.
Record borrowing
In August alone, net borrowing by the government rose by a record monthly sum of £10.4bn as it sought to finance its own spending.
The figure was higher than expected because weak growth in tax revenues, due to the economic slowdown, had not kept pace with increased public spending.
Earlier this year the chancellor Alistair Darling predicted that he would have to borrow an extra £43bn this year.
But so far, in the first five months of the financial year he has already borrowed £28.2bn, suggesting he may well exceed his target.
"If recent trends are sustained, borrowing would reach £64bn for the year as a whole - almost 50% higher than the government’s £43bn target and well above the record deficit of £51bn in 1993," said Andrew Goodwin of the Ernst & Young ITEM Club.
"And with the economic outlook likely to worsen over the coming months there is a good chance that the outturn could be even worse," he added.
And all that sanctioned by the biggest load of wankers you will ever wish to meet and your local councillors are no different.
Subject: WHAT A COMPANY!
This is unbelievable, but true!
Can you imagine working for a company that has a little more than 600 employees and has the following employee statistics:
29 have been accused of spouse abuse
7 have been arrested for fraud
9 have been accused of writing bad cheques
17 have directly or indirectly bankrupted at least 2 businesses
3 have done time for assault
71 cannot get a credit card due to bad credit
14 have been arrested on drug-related charges
8 have been arrested for shoplifting
21 are currently defendants in lawsuits
84 have been arrested for drink-driving in the last year
Which organisation is this ?
It's the 635 members of the House of Commons, the same group that cranks out hundreds of new laws each year designed to keep the rest of us inline.
What a bunch of b*****ds we have running our country - it says it all. And just to top all that they probably have the best 'corporate' pension scheme in the country!!
If you agree that this is an appalling state of affairs, please pass it on to everyone you know. It's time to stand up to this bunch of two faced greedy opportunists.
NO GETTING AWAY FROM THE FACTS, is there?
Hi laughing boy. Here's the Truth.
This email doesn't reveal the hypocrisy of British politicians - but it tells us a lot about the naivety of many voters.
The email that laughing boy has copy and pasted onto here, originated in 1999 in the USA, on a libertarian website called Capitol Hill Blue - and similar variants have previously been found in Canada and India.
The claims weren't true in the US and they are certainly not true in the UK. If we were concerned about accuracy, most of the figures would read zero.
There may be one or two MPs with bad credit (given how easy it is to get a bad credit rating), and no doubt a handful have been "accused" of things in their time (who hasn't?), but the rest is just fiction.
Those who spend their time reading the various British political gossip websites sites come across lots of entertaining revelations, but almost never something that would get into a list of what Capitol Hill Blue thought constituted unacceptable behaviour.
Yet people intuitively believe this email when it's sent to them. They positively want their MPs to be crooks and fraudsters, to be only out to enrich themselves. And so when they get an email which tells them how rubbish the political class are, they gobble it up.
The same people who wouldn't be taken in for a minute by an email from some bloke in Nigeria offering them $20,000,000 in cash fall instantly for something that offers them 'proof' of how venal their politicians are.
No doubt I'll be told that this cynicism is as a result of the peerages-for-sale scandal (yet another British political 'scandal' in which no one appears to have done anything illegal). Or else it's Iraq (since absolutely everything appears to be linked to Iraq). Or whatever else is the whinge of the day. Yet the belief that politicians are all shysters is clearly a universal one - hence the email's international use.
The irony is that our MPs probably would be a more representative subset of the British population if one or two of them had been done for assault or shoplifting or helped bankrupt a business but I somehow doubt that's the point the originator of the email was trying to make.
Without wishing to become involved in the debate about British politics, I think it fair to point out that a couple of minutes on Google did reveal the truth of The Truth's posting as cutting and pasting will reveal.
http://neo-prodigy.livejournal.com/422684.html
(US Congress)
http://groups.msn.com/indiawin/newindiawinners.msnw?action=get_message&mview=0&ID_Message=3727&LastModified=4675409003951471148
(Lower House of Indian Parliament)
What is all this about laughing boy?
I am not pointing a finger but there is plenty of English politicians who have been caught with their trousers down in one form or another.
There was a blindman who said, I haven't seen my son since August!"£"!$%^%!.
Who was it that coupled up with another female politician, Ah! I remember, John Major (ex primeminister) and Edwina Curry.
Then there was one or two or three or four, who did porridge for lying, Is that not what they call perjury?
And there is plenty more if it suits your taste buds.