UK Retail Sales up massively

Really2

PrivatisetheNHSnow wrote: »

the only way that system will change is total, total collapse - it's in the interest of the non-productive/parasite economy (the government and banks) to keep things that way

repossessing a real house through a failure to pay fictitious money is the biggest fraud mankind has ever seen

Has Nearlynew got a minime

PrivatisetheNHSnow

no i just understand how the government/banks keep the population under control - you should understand it too because you're giving them your money in return for nothing

Really2

lemonjelly wrote: »

Looking at the level of debt is a red herring.

It is ability to service that debt which is important.

With NI's & other such taxes increasing year on year, is everyone sure that the levels of debt repayments are sustainable.

I would vouch that many people I see are not able to sustain their debt repayments. Indeed the governments own report on indebtedness shows that this situation has got worse in the last 5 years.

Most of those 5 years have been so-called "good times". As we are undoubtedly approaching times where credit is likely to cost more, & disposable income is likely to fall, I'd argue it is realistic to have concerns regarding the unsustainability of this debt.

Read more here http://forums.moneysavingexpert.com/showthread.html?t=2361453

(Personally, personal debt has been unsustainable for way over 10 years, but that is my opinion only).

I agree on all counts and in reality can not be linked to these (retail) figures.

I think the problem is and like the marriage thread people have become way to detached about money.

Also rugs have got far bigger in recent years so people can hide more bills under them.

Really2

PrivatisetheNHSnow wrote: »

no i just understand how the government/banks keep the population under control - you should understand it too because you're giving them your money in return for nothing

Actually I am one of the few on here doing OK out of the banks at the moment.

I would say they have given me money and are getting virtually nothing in return other than fast repayment.

lemonjelly

Really2 wrote: »

I agree on all counts and in reality can not be linked to these figures.

I think the problem is and like the marriage thread people have become way to detached about money.

Also rugs have got far bigger in recent years so people can hide more bills underthem.

Rugs have got smaller mate! Owing to the newbuilds all being smaller, thus meaning loads of standard fitting stuff is now smaller.;)

Really2

lemonjelly wrote: »

Rugs have got smaller mate! Owing to the newbuilds all being smaller, thus meaning loads of standard fitting stuff is now smaller.;)

Perhaps they go straight under the laminate as a more permanent solution.

Whats happening with the wolves then? Left it a bit late to find out you are allowed in the oppositions half.

I would say you are safe. Hull and Burnley for me to join Pompy.

tomterm8

Really2 wrote: »

Actually I am one of the few on here doing OK out of the banks at the moment.

I would say they have given me money and are getting virtually nothing in return other than fast repayment.

It's possible to make money out of credit cards at the moment. You can do an interest free transfer for 15 months at 2.9% transfer fee, and a kent reliant 1 year bond at 3.2% AER. To be frank, since these deals are lower than the inflation rate, for a lot of people there is free cash around at the banks right at the moment.

kriss_boy

Blacklight wrote: »

I said it a few times at the back end of last year - people have pots of cash they've been hoarding through fear of losing their jobs. Now we're a bit more stable and things are picking up again people are willing to part with a bit of that cash. They're all fed up with the big BBC downward pointing arrow of doom and talk of impending apocalypse.

I agree entirely.

The recession was probably exacerbated by a fear of what might happen. My girilfriend and I cancelled the overpayments on our mortgage in the event of one of us losing our jobs.

We've also decided against a foreign holiday this year and we've even cut out small purchases like the odd bit of new clothing etc.

Plus, surely the thousands of young people with 6/7K savings in 2008 have since saved another 2 or 3 grand to go towards a first time buy when lenders do eventually loosen up a bit.

PrivatisetheNHSnow

Really2 wrote: »

Actually I am one of the few on here doing OK out of the banks at the moment.

I would say they have given me money and are getting virtually nothing in return other than fast repayment.

if the government can print money from nothing through its qe, why do we pay taxes?

if the banks can create money from nothing from their fractional lending, why do we pay interest.

do you remember when people believed in religion? this is the current form of control....

aelitaman

tomterm8 wrote: »

It's possible to make money out of credit cards at the moment. You can do an interest free transfer for 15 months at 2.9% transfer fee, and a kent reliant 1 year bond at 3.2% AER. To be frank, since these deals are lower than the inflation rate, for a lot of people there is free cash around at the banks right at the moment.

Only if you do not pay income tax. If you pay income tax then you get 2.56% so costing money.

http://www.krbs.com/directoneyearfixedratebondissueten.aspx