UK just got shafted again

[djbw]

Originally Posted by websaway

I question the wisdom of bailing the bank out in the first place, I think the capitalist system has to be left to it's own devices and not undermined, but having taken over the bank it was essential to get it away from state ownership at the earliest opportunity.

Totally agree. Surely the whole point of capitalism is that it is economic natural selection? We're capitalist until the government's mates are in trouble, then it all gets a bit socialist!

Originally Posted by websaway

I also question the low interest rates underpinning property values that have led to the survival of the feckless who borrowed recklessly, pushing property prices out of proportion to incomes, and which is punishing the sensible who have worked and saved and helped the capitalist system to flourish. Most asset values fall in a recession ( that's part of the game) and that allows the flushing out of weak business and property owners and creates opportunity for the redistribution of wealth. Property prices are being underpinned on a never seen before scale and again this undermines the system which has given hope to so many young people in the past.

This really does my head in. Cheap credit created the housing bubble and that bubble is now being artificially sustained so they don't lose votes. Low interest rates and quantitative easing are creating the inflationary situation we're in at the moment. I believe this is being done deliberately so the vast amount of personal debt is effectively reduced. The problem is, those of us who choose not to buy a house due to believing they are overvalued are also missing out on interest from savings.

Those who have been reckless, both the rich and poor, are getting away with it. Those of us without debt have very few low risk options to put savings into.

[mrh]

GEORGE Osborne will use the £747 million from the sale of Northern Rock to bail it out again sometime next year.

http://www.thedailymash.co.uk/news/business/osborne-to-use-£747m-from-northern-rock-sale-to-bail-out-new-owners-201111174558/

[pred]

lol

[DomainManagement]

I AM CONFUSED

Does no one see the pattern , the general public get sweet F A

yet its there monies used to finance wars , we sell off all our assets and what do we have to show for it jack sh*t

politics = lying to the people while trying to steal as much as you can from the
public purse looters got 4 yrs , MP`S that got you to clean there moats , tennis course`s and lots lots lots more got 3 months

really fair is` it not , its seems to be every governments practice to hollow out the public purse , handing away various sectors of business to there pals whilst maintaining the craziest policies ,

Ps would love to see Bush n Blair be prosecuted for war crimes

the dirty little thieves

[pred]

sounds like you're not confused, sounds like you get it
i agree 100%, so do many now
when everyone does I guess their number is up

[DomainManagement]

but what can we do about it

what protest can be made , that will make them listen

after all our leaders are not our leaders , there the chosen ones

that the Rothschild organised , its there world not ours ,

but how do we claim it back ,

all this crap going on is just a red herring to distract the world from

there real purpose of being in charge of printing and handling

the world single currency , which there are trying to bring in

it would be great to have some positive news about our country

but for years what have we achieved as a nation to the benefit of the population jack sh*t

yet there many many high up who are now swimming in it thanks to friends of friends and the funny hand shake club