Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Lizzie_Zoom on 22 November 2010, 13:27:35
-
So the UK has had to plan significant cuts in our running costs as we have no cash to spare, coming close to bankrupcy only a short time ago........................so much so that we can now offer help to Ireland, a foriegn country, in the form of a £7 billion (or £10 billion, depending on who you listen to!) loan!!!
http://www.bbc.co.uk/news/uk-politics-11807769
It is all mad!!! >:( >:( >:( >:(
-
Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom :o
-
.....and the next country requiring a bailout will be...................................................................................................................................................................................................................................................................................................................................................................... :) :y
-
.....and the next country requiring a bailout will be...................................................................................................................................................................................................................................................................................................................................................................... :) :y
USA
-
.....and the next country requiring a bailout will be...................................................................................................................................................................................................................................................................................................................................................................... :) :y
My money is on Greece :-X
-
Well the man on the telly said there's a one trillion euro fund so, theoretically, we could see another eight.
-
.....and the next country requiring a bailout will be...................................................................................................................................................................................................................................................................................................................................................................... :) :y
that is an ssue Opti - Ireland are OK 'cos we'll back them to the hilt not only as neighbours but theyre a massive market for us and also if they go under the umpteen hundred billion the RBS (ie us) is owed will disappear :y
the problem is the next country to be in trouble wont be bailed so readily :o
-
Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom :o
No TB it is my view :D :D ;)
Ireland is a) a foriegn country; b) a member of the Euro club, and c) Britain is borrowing money per day to keep going, and yet d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs! ::) ::) ::)
So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!! :o :o :o :o
-
Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom :o
No TB it is my view :D :D ;)
Ireland is a) a foriegn country; b) a member of the Euro club, and c) Britain is borrowing money per day to keep going, and yet d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs! ::) ::) ::)
So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!! :o :o :o :o
yep...it's almost like all these "desperately needed cuts" were ideological rather than fiscal after all - my suspicion all along :(
-
Thats a very 'BBC' trash view on things, and surprising from you, Ms Zoom :o
No TB it is my view :D :D ;)
Ireland is a) a foriegn country; b) a member of the Euro club, and c) Britain is borrowing money per day to keep going, and yet d) Britain can afford to loan £7-10 Billion whilst e) important services in Britain are being cut, costing f) tens of thousands of British jobs! ::) ::) ::)
So we feel that Britain should help out a near neighbour................imagine if the country concerned had been France............!!! :o :o :o :o
We (taxpayers) pay a fortune for the Royal Family. But we know the ROI is always going to be good.
The ROI to the ROI (!!) is going to be good, considering the amount they put in to the UK economy ;)
-
I think you have all missed a point here. Yes it sounds a lot of money but it is a loan not actual money.
Remember the Youtube clip MarksDTM posted 3 pages ago?
We lend them a load of imaginary money and they pay us back imaginary money plus real interest at rate x%. We in the meantime taking imaginary loans at hopefully y% interest where y is less than x..................The beauty of banking exposed. The actual monetary figures are quite small especially compared to the supposed value of our exports to what -our fifth biggest customer.
Lizzie, I agree with your sentiment it all does seem rather curious and as Banjaxx says maybe the Condem cuts were another agenda.
-
I think you have all missed a point here. Yes it sounds a lot of money but it is a loan not actual money.
Remember the Youtube clip MarksDTM posted 3 pages ago?
We lend them a load of imaginary money and they pay us back imaginary money plus real interest at rate x%. We in the meantime taking imaginary loans at hopefully y% interest where y is less than x..................The beauty of banking exposed. The actual monetary figures are quite small especially compared to the supposed value of our exports to what -our fifth biggest customer.
Lizzie, I agree with your sentiment it all does seem rather curious and as Banjaxx says maybe the Condem cuts were another agenda.
Indeed it is a loan Varche, but what I would like to know is how much interest will the UK charge Ireland on a loan of, say, £10 billion? when the UK debt interest payments are currently £42 Billion per year? ;) ;)
So the UK pays interest on the money we loan Ireland over years................and in the immediate future cuts are being made in public expenditure to limit our borrowing to avoid it escalating so that the UK pays £70 Billion per year in interest payments!
Would you do that personally; would anyone? :-/ :-/
The British public are being taken for fools here, and I am a Conservative saying that! >:(
-
.....and the next country requiring a bailout will be...................................................................................................................................................................................................................................................................................................................................................................... :) :y
anyone who knows we are mug enough to keep helping out >:( >:(
-
But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..
There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..
There's little farming here (not enough to support the population) and there'd be no farming overseas..
I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).
I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea ;) (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)
-
But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..
There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..
I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).
I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea ;) (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)
But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!
-
But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..
There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..
I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).
I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea ;) (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)
But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!
Ooh.. I'm hungry now! ;D
I was wondering as I drove home - if everyone went bankrupt.. who'd end up owning everything? Everything would just get shuffled around the creditors - although I imagine the banks would end up owning most of the world..
-
But if we don't try to keep everybody afloat with all this (imaginary) money, then sooner or later everyone collapses..
There's no manufacturing industry here, because we priced ourselves out of the market, there'd be no manufacturing elsewhere, nobody making cars, computers, toys, anything..There's little farming here (not enough to support the population) and there'd be no farming overseas..
I guess we'd end up 'resetting' the world - everyone would be left with the land they're sitting on and that's it (and/or the banks would own everything).
I suppose if you want to live in a Mad Max dystopia, not bailing anyone out is a good idea ;) (Personally I think that'd be a laugh, as long as I can have the last of the V8 Interceptors.)
But there is (apparently) I am reasonably certain that ireland is our fifth biggest export market and less certain certain thait is worth £39billion presumably a year. Just what it is beats me . maybe Scotch whisky and Exmoor venison?!
Ooh.. I'm hungry now! ;D
I was wondering as I drove home - if everyone went bankrupt.. who'd end up owning everything? Everything would just get shuffled around the creditors - although I imagine the banks would end up owning most of the world..
at a guess, I'd say the Queen and the Forestry Commission own most of it :y
-
Technically, the queen owns all the land in the UK. When you have freehold on land you can sell it, keep it for life, do pretty much what you want with it, but technically, it is actually owned by the queen.
Anyway, getting back to the bailout - Even taking into account the UK financial interests in the Republic of Ireland, and also the small fact that I as an RBS share holder have a degree of personal interest - I dont believe the UK should be making loans available.
Their position is only as acute as it is due to the fact that they have tied themselves into the shambles of the Eurozone, and the major Eurozone countries have no realistic choice, in the short to medium term, but to bail them out to whatever degree it is needed. If one Eurozone economy collapses the others will follow like a house of cards, so let them dig themselves out of their own hole is my view on it.
I actually think the hole is probably too deep, and in the longer term, the Euro as a currency is probably doomed, as is the whole U.S.E experiment
-
agree Albs, I hope the U.S.E. is doomed