Cable Forum - Brexit (Old)

You can’t just print money willy nilly. Sooner or later the money markets start pricing in the oversupply of currency and its value falls. That screws mightily with the value of all those billions of Euros squirrelled away in German savings accounts.

If everyone is at it - which the EU, USA and UK are - the net change in the value of the currency against other major currencies is negligible.

---------- Post added at 22:04 ---------- Previous post was at 22:02 ----------

Quote:

Originally Posted by nomadking (Post 35981495)

The main problem the pension funds have is too high a cost ie defined benefit schemes, that were set in place by socialists. All exacerbated by the minimum wage, which means that a lot more money is taken out than was paid in to generate the income.

It wasn't the banks as such that were bailed out, it was the finance system. The risk was that nobody would invest in order for that money to be lent out on business loans and home mortgages. Where do you think the money comes from for those loans? It comes from people with surplus money.

So they were squandering other people’s money without consequence. Got it.

Hugh	31-01-2019 22:11

Re: Brexit

Quote:

Originally Posted by nomadking (Post 35981495)

The main problem the pension funds have is too high a cost ie defined benefit schemes, that were set in place by socialists.All exacerbated by the minimum wage, which means that a lot more money is taken out than was paid in to generate the income.

It wasn't the banks as such that were bailed out, it was the finance system. The risk was that nobody would invest in order for that money to be lent out on business loans and home mortgages. Where do you think the money comes from for those loans? It comes from people with surplus money.

Not sure that statement is valid - Defined Benefits in private companies in the UK, such as IBM, GE, Halifax, et al, were ended because people were living longer (and thus claiming pensions longer), not because they were set up by Socialists (IBM closed its Defined Benefits pension scheme in the early 90s to new entrants, and BT did the same in the mid-2000s - I worked for both of them).

nomadking

31-01-2019 22:13

Re: Brexit

Quote:

Originally Posted by jfman (Post 35981496)

:confused:The people who squandering it were the ones taking out the loans and not paying the money back.

Hugh	31-01-2019 22:14

Re: Brexit

Quote:

Originally Posted by nomadking (Post 35981499)

:confused:The people who squandering it were the ones taking out the loans and not paying the money back.

There was also responsibility on the behalf of those who gave loans out to people who couldn’t pay them back, and those who hid the bad loans in CDOs.

jfman

31-01-2019 22:18

Re: Brexit

This is magnificent logic. Banks should make profits as private industry but shouldn’t be liable for their bad lending and investment decisions (the Government should cover that).

Reminds me of people saying they shouldn’t have to sell their homes to cover the costs of living in a care home. Capitalist in life and socialist in death.

I am enjoying the distraction from actual Brexit chat though.

Damien

31-01-2019 22:20

Re: Brexit

A lot of the money put into the banks was paid back. Also we always seem to overlook the people who were more than willing to take out unsustainable loans and credit.

Pierre

31-01-2019 22:22

Re: Brexit

Quote:

Originally Posted by jfman (Post 35981480)

It may have been what was said, but no Prime Minister and no Government can compel a future one to be bound by that.

agreed, but there must be a real compelling reason to revisit it.

And “we don’t like the result” and “you didn’t know what you voted for” are not.

jfman

31-01-2019 22:30

Re: Brexit

Quote:

Originally Posted by Pierre (Post 35981505)

agreed, but there must be a real compelling reason to revisit it.

And “we don’t like the result” and “you didn’t know what you voted for” are not.

There doesn’t need to be a compelling reason. Just a belief by political parties that’s what people want more than what people don’t want (weighed by how strongly they feel against any other issue that might come up in a general election). Ideally it’d be demonstrated in one, but that’s not always possible.

If, for example, the Tories feel that the consequences of Brexit would cause a 1997 style wipeout, it’d be remiss of any Conservative leader to not consider acting in a way to avert that. Remember to reverse requires remain to actually win the referendum and if it does it legitimately becomes the will of the people.

djfunkdup

31-01-2019 22:36

Re: Brexit

Quote:

Originally Posted by jfman (Post 35981506)

Remember to reverse requires remain to actually win the referendum and if it does it legitimately becomes the will of the people.

Round and Round and Round and Round ..:

No reversing just pressing ahead .. one day you will get that into your head.

March the 29th id imagine. Just round the corner now :)

Have a wonderful night yea ;)

jfman

31-01-2019 22:53

Re: Brexit

Quote:

Originally Posted by djfunkdup (Post 35981507)

Taken one sentence completely out of context. Good to know you’ve not changed.

djfunkdup

31-01-2019 22:59

Re: Brexit

Same goes big nose :D

---------- Post added at 22:59 ---------- Previous post was at 22:54 ----------

Quote:

Originally Posted by jfman (Post 35981509)

Taken one sentence completely out of context. Good to know you’ve not changed.

But that's the thing Jf there ain't any correct context apart from the Referendum result.There is no argument to dispute that so the context of the statements you constantly make is wrong.There has been a decision and any debate 'context' needs to reflect that and not try and deflect from that decision but that's what you constantly do so i know i have the context 100% correct in my remark :)

daveeb

31-01-2019 23:02

Re: Brexit

Quote:

Originally Posted by djfunkdup (Post 35981507)

Your sole purpose here seems to be to attempt to wind remainers up !
Your head will probably explode if the clock ticks past 29/3....and look I managed to say that without the help of any emojis.

djfunkdup

31-01-2019 23:08

Re: Brexit

To be fair i honestly just don't think you realise how obvious nearly all your comments are with the underlying theme you constantly go on about and that's over turning the 2016 Referendum result and having a re-run.I am not saying you come on here and post just to cause trouble,You don't and neither do i.I welcome people being free to say what they feel about any situation but you really can't get your head round the way the 2016 Referendum went but you are going to have to because that's reality facing us all from March 29th Onwards ..

---------- Post added at 23:08 ---------- Previous post was at 23:05 ----------

Quote:

Originally Posted by daveeb (Post 35981512)

Your sole purpose here seems to be to attempt to wind remainers up !
Your head will probably explode if the clock ticks past 29/3....and look I managed to say that without the help of any emojis.

A bit of sarcasm never did anyone any harm but that's as far as it goes. I have better things to do than come on here and wind people up.If people want to get offended then they need to grow up and ditch the adult baby routine ..

This is real life .. ;)

jfman

31-01-2019 23:08

Re: Brexit

Quote:

Originally Posted by djfunkdup (Post 35981510)

Same goes big nose :D

---------- Post added at 22:59 ---------- Previous post was at 22:54 ----------

But that's the thing Jf there ain't any correct context apart from the Referendum result.There is no argument to dispute that so the context of the statements you constantly make is wrong.There has been a decision and any debate 'context' needs to reflect that and not try and deflect from that decision but that's what you constantly do so i know i have the context 100% correct in my remark :)

If you bother to read the thread (I know, it’s asking a lot) that part of conversation goes back to “once in a lifetime”. You can reframe it out of ignorance if you like, but it neither invalidates nor negates my point to Pierre.

At least you’ve stopped your countdown that was an hour out all along. Might be out by more if Jeremy Hunt is correct.

djfunkdup

31-01-2019 23:14

Re: Brexit

Head explode lol ? Mate i'm as chilled as Penguins nuts ... The scottish vote to stay in the UK went my way and the vote to leave the EU went my way .. what the hell have i got to be stressed about lol :D:p:

---------- Post added at 23:11 ---------- Previous post was at 23:10 ----------

Quote:

Originally Posted by jfman (Post 35981515)

https://howmanydaystill.com/its/brexit-6 xx

---------- Post added at 23:14 ---------- Previous post was at 23:11 ----------

Anyway moving on i'm not getting into an argument.. Trifle time ..Blueberry and Blackberry tonight .. Lovin it Lovin it ;)

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