UK BailOut - IMF Ride Into Town - What Would It Take?

DecentLivingWage

Yes that's right - but whole point is Obama's economy is Growing under that advice! we need the same here , he thinks, and fast ! I expect they will put that to him in no uncertain terms. The Deliberate Impoverishment Model will not work in today's digital, globalised economy where everything happens in real time. Protectionism and competition are out to get you at a second's notice these days - and we have to keep up - or get left behind on the sidelines... which is what's happening to Britain's ailing economy at the moment - sliding downhill fast.

pqrdef

Can't believe the fantasy some people are living in. The BoE is flooding the system with cheap funny money, and holding 1/3 of the national debt off the market. So what are gilts really worth?

The question is how long the markets will wear it. We don't know what it would take to trigger a big sell-off.

But almost every day more voices join the chorus saying that austerity isn't the way to rebuild the economy.

And yet, what's been implemented so far is only a small fraction of what's in the pipeline. We're headed for an orgy of national self-destruction that will make Thatcher's decimation of industry look benevolent.

And the right wing is looking forward to it.

Generali

DecentLivingWage wrote: »

Yes that's right - but whole point is Obama's economy is Growing under that advice! we need the same here , he thinks, and fast ! I expect they will put that to him in no uncertain terms. The Deliberate Impoverishment Model will not work in today's digital, globalised economy where everything happens in real time. Protectionism and competition are out to get you at a second's notice these days - and we have to keep up - or get left behind on the sidelines... which is what's happening to Britain's ailing economy at the moment - sliding downhill fast.

Protectionism is out to get you? Deliberate Impoverishment Model? Where do you get this crap from? I think you must be some student committee as I honestly don't believe a single person could write this much gibberish.

antrobus

Generali wrote: »

Protectionism is out to get you? Deliberate Impoverishment Model? Where do you get this crap from? I think you must be some student committee as I honestly don't believe a single person could write this much gibberish.

I believe that the OP is misdirecting his efforts. With his talents I forsee a glittering career in marketing. Or at least an honourable mention in Pseud's Corner.:)

Generali

Alternative expert opinion (await the deafening silence from the OP):

https://forums.moneysavingexpert.com/discussion/4564095

DecentLivingWage

So its true.... the IMF are instructing Osborne to take Labour's Ed Balls advice ... and borrow more to give the kiss of life to our sick economy ...

'It's an argument which the chancellor is ill-equipped to take public, since the IMF is pushing the one policy which Osborne has no real response to: apolitically arguing for a modest increase in deficit-funded investment'

(Larry Elliot G Economics Editor)

Trouble is, OsBean called it wrong and it's well nigh impossible to change course now without looking utterly stupid ! CheckMate

CLAPTON

It makes a lot of sense for government to spend a lot more on investment and a lot less on benefits.

Moby

Generali wrote: »

Alternative expert opinion (await the deafening silence from the OP):

https://forums.moneysavingexpert.com/discussion/4564095

Ah yes let's trust a man like this with our public services and how much we should spend on them:-
http://www.guardian.co.uk/theobserver/2010/apr/25/profile-lloyd-blankfein-goldman-sachs
'Blankfein, who lives in a $26m apartment on the edge of Central Park and has a weekend estate in the Hamptons, has struggled to comprehend the public backlash against his firm's prosperity'.

Quote from the Anglo Saxon chronicle:-
"AD1125 In this year sent the King Henry, before Christmas, from Normandy to England, and bade that all the mint-men that were in England should be mutilated in their limbs; that was, that they should lose each of them the right hand, and their testicles beneath. This was because the man that had a pound could not lay out a penny at a market. And the Bishop Roger of Salisbury sent over all England, and bade them all that they should come to Winchester at Christmas. When they came thither, then were they taken one by one, and deprived each of the right hand and the testicles beneath. All this was done within the twelfth-night. And that was all in perfect justice, because that they had undone all the land with the great quantity of base coin that they all bought."
'nuff said'

'


Men such as him should not have any say in the way our lives are run!

DecentLivingWage

O... M....G !! Kudos to you! Where did u find that?:eek:

Apparently Georgey is going to try to reject the call from the IMF to drop the Austerity treatment ... good luck with that one George... the unemployment figures are about to show another increase...

Generali

Moby wrote: »

Ah yes let's trust a man like this with our public services and how much we should spend on them:-
http://www.guardian.co.uk/theobserver/2010/apr/25/profile-lloyd-blankfein-goldman-sachs
'Blankfein, who lives in a $26m apartment on the edge of Central Park and has a weekend estate in the Hamptons, has struggled to comprehend the public backlash against his firm's prosperity'.

Quote from the Anglo Saxon chronicle:-
"AD1125 In this year sent the King Henry, before Christmas, from Normandy to England, and bade that all the mint-men that were in England should be mutilated in their limbs; that was, that they should lose each of them the right hand, and their testicles beneath. This was because the man that had a pound could not lay out a penny at a market. And the Bishop Roger of Salisbury sent over all England, and bade them all that they should come to Winchester at Christmas. When they came thither, then were they taken one by one, and deprived each of the right hand and the testicles beneath. All this was done within the twelfth-night. And that was all in perfect justice, because that they had undone all the land with the great quantity of base coin that they all bought."
'nuff said'

'


Men such as him should not have any say in the way our lives are run!

It's not a case of him having a say in your public services, he's a man who runs a mid-sized bank (slightly bigger than Standard Chartered, slightly smaller than National Australia Bank) who was asked a specific question by the BBC. What should he say other than give his honest view?