We are a socialist state now!!

1echidna

iamesbo wrote: »

Well you have to wait for a car which handles better then the Mercedes-Benz-A-Class and on average last 28 years, considerably more then your Ford Rust-bucket :rotfl::rotfl::rotfl:

What a load of rubbish about the Trabant. The fact of the matter is that in socialist states or any other where the economic coditions are dire people have to make their cars last. Look at India or fifty year old American cars in Cuba.

amcluesent

Here's a nice kick in the knackers for anyone who's been silly enough to save, study or take any work that's on the go.

A health trust in East Yorkshire is facing criticism over plans to spend £400,000 on a yacht for unemployed youngsters.



Ocean going yachting - giving 17 to 19-year-olds something to do! So, they couldn't start by picking up litter?
East Yorsh
I'm sure the pensioners who turned the tide against the Nazis will be celebrating their crushing Council Tax is being spent to prudently in the Socialist Republic of East Yorkshire.

iamesbo

qamwc1 wrote: »

Despite all the sound-bite reporting by our media - the government does NOT as at today own 60% of RBS. RBS will be free to raise the capital from other parties and there are reports that the market might be happy to buy RBS shares at the current price. If there is a sizable take up by the market then the government may not own 60% but it may be less than 50%.

What all the banks have agreed to do is increase their capital to an agreed number and the government will give them that money if they cannot raise. If they take government money then the strings attached will kick in.

" What all the banks have agreed to do", oh come on ou make it sound as if the banks needed persuading - they were all going bust without a taxpayer bail out!!

They can't raise the money because nobody is stupid enough to lend it to them
Look what happened to the earlier cast injection they got, the share issure was at what 475p then it dropped to 275p and no HBOS is 'trading' at the princely sum of 85p, down 5% on the day. It's like pouring money into a colander :rotfl::rotfl::rotfl:

1sue23

amcluesent wrote: »

Here's a nice kick in the knackers for anyone who's been silly enough to save, study or take any work that's on the go.

A health trust in East Yorkshire is facing criticism over plans to spend £400,000 on a yacht for unemployed youngsters.



Ocean going yachting - giving 17 to 19-year-olds something to do! So, they couldn't start by picking up litter?
East Yorsh
I'm sure the pensioners who turned the tide against the Nazis will be celebrating their crushing Council Tax is being spent to prudently in the Socialist Republic of East Yorkshire.

I am sure that if they wait a while a few bankers will be selling these off on ebay.

purch

They have already sacked Andy Hornby from HBOS despite not officially having control

What a load of drivel...

Just make up whatever you want and post it !!!!

purch

What all the banks have agreed to do is increase their capital to an agreed number and the government will give them that money if they cannot raise. If they take government money then the strings attached will kick in.

Don't expect Mr Misery Guts to accept anything anyone else might say on this or any other subject he decides to moan about...

His mind is already made up....anytime it is anyway close to the truth is purely coincidental.

maypole

iamesbo wrote: »

Now that most major UK banks are effectiively under government control, and the banks control the econemy, we have finally arrived at socialism through unbridled capitalism.
Who would would have though that? (apart from me ).

Socialism is the natural state and always has been.
All attempts to get rid of socialism result in disaster, capitalism is an inherently unstable
social system, it cannot work because capitalism destroys the fabric which society is made of.

I now claim my Noble Prize for economics.:j
(Bung it in with the other thropies :rotfl:)

:xmassign: :xmastree::A

I agree. Margaret Thatcher tried to say there was no such thing as society, only the individual. Of course we need a society and to help one another.

qamwc1

iamesbo wrote: »

" What all the banks have agreed to do", oh come on ou make it sound as if the banks needed persuading - they were all going bust without a taxpayer bail out!!

They can't raise the money because nobody is stupid enough to lend it to them
Look what happened to the earlier cast injection they got, the share issure was at what 475p then it dropped to 275p and no HBOS is 'trading' at the princely sum of 85p, down 5% on the day. It's like pouring money into a colander :rotfl::rotfl::rotfl:

If you don't like "agreed" then "coerced". Remember this is about confidence management - even institutions not needing capital have signed up. Nationwide say they don't but have signed up for£500m which is more or less than profit for the year. RBS may well have to take lots of government money but not necessarily 60% and at this moment in time they are not a subsidiary of HMG. Barclays have signed up for £10bn but said no thanks to government - they apparently already have £1bn of that.

Also remember the government does not have the reported £37bn to give - it will issue gilts to raise that money. This is all yet to happen.

What has happened involves smoke, mirrors and hype.


Indeed see Robert Peston blog for how this game is unfolding!

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

cepheus

Interestingly the US is more 'Socialist' than you think, many of its assets are state owned.


In the 19th century, the American government promoted the formation of a national economy, the building of railroads and the development of the telegraph. More recently, the internet was created by the Pentagon. American agriculture is heavily subsidised and protected, as are the steel industry and many other sectors of the world's biggest "free-market economy". At times of economic slowdown, even under presidents who denigrate the role of government, the US will increase its deficit to finance expansionary fiscal and monetary policies. But its leaders get very cross indeed if any developing country tries to follow this example.

Think also of the greatest technical acheivement by mankind to date. yes NASA is also state owned.

iamesbo

purch wrote: »

What a load of drivel...

Just make up whatever you want and post it !!!!

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3191110/Top-HBOS-duo-ousted-as-Lloyds-pays-less.html

"Top HBOS duo ousted"

"agreed to stand down".

It's true not drivel.