Pay off your debts

Percy1983

I finished paying mine last month.

headcone

Graham_Devon wrote: »

Makes perfect sense.

Pay off your credit cards, and you will have more cash to spend, quicker, due to lowering interest each month.

Don't pay them off, and they will take more and more money in interest, therefore taking more of the populations wages.

I think more people could be persuaded to pay off their credit card debts if the government led by example.

TruckerT

headcone wrote: »

I think more people could be persuaded to pay off their credit card debts if the government led by example.

The government has no money - they already gave it all to the banks, and it looks like the banks need more

What we gonna do?

TruckerT

pqrdef

headcone wrote: »

I think more people could be persuaded to pay off their credit card debts if the government led by example.

Right, let's pay off the national debt. It will only cost us about £40,000 each.

The_White_Horse

gave it all to the banks? gave it all to their pensions more like it. add up what has gone into their pensions over the last 4 years compared to what has gone to the banks. it is a complete red herring.

dori2o

TruckerT wrote: »

The government has no money - they already gave it all to the banks, and it looks like the banks need more

What we gonna do?

TruckerT

Let them fail.

Maybe then we can return to a fair banking system where fair salaries are paid and fair bonuses are given to those who deserve them.

Let them fail. It's the only way they will finally learn their place.

headcone

pqrdef wrote: »

Right, let's pay off the national debt. It will only cost us about £40,000 each.

That is easily within my financial capacity.

Perhaps the rest of you need to rethink how you finance your lifestyles.

TruckerT

dori2o wrote: »

Let them fail

That's a tricky one!

The banks, not governments, lay down the rules, but, fingers crossed, the tide begins to turn, and the sands begin to shift

Politicians are well used to playing games of brinkmanship, but the banks have always had it their own way

Our best hope is that the politicians will find a way to outwit the banks

If they fail, then the 21st Century may very well follow the violent chronography of the 20th

TruckerT

The_White_Horse

why do we need banks? why don't govt's just print money and loan it out at x% interest rate. why the need for the middle man? plus, as the govt knows how much tax you pay, you can't really defraud them.

then investment banks can do what they like with their own or businesses money who have given it to them to invest.

TruckerT

The_White_Horse wrote: »

why do we need banks? why don't govt's just print money and loan it out at x% interest rate. why the need for the middle man?

Psst, don't tell him I said so, but I think that's what G.Osborne means by 'Credit Easing'

TruckerT