BBC Blog Network

User Profile

FrankSz

Listed below are comments made by FrankSz between Tuesday, 24th November 2009 and Thursday, 26th November 2009.

«Newer
Older»

Dubai not too big to fail? 11:22pm on 26 Nov 2009 #6 Mr Tweedy

I know we had a falling out...but I regret it.

Central EU traders continue to short gilts. This I know.
Winners and losers 10:55am on 26 Nov 2009 Well spotted grimupnorth.

The derivatives stack of cards continues to tumble.
Winners and losers 05:28am on 26 Nov 2009 While mainland Europe continues to improve, there doesn't seem to be a bottom for the UK.

While Europe reduces its debt, the UK seems to have completely missed the point on what their economic problems really are.

The UK continues to decline because no-one has the strength of character to do what needs to be done.

The banks need to be seized and interest rates need to be chopped, penalties need to be slashed, transaction fees cut or eliminated. At the same time new regulation needs to be put in place to restrict credit and prevent it from being used to speculate.
Winners and losers 8:44pm on 25 Nov 2009 #18 thebicyclethief

and hence post #16
Winners and losers 8:22pm on 25 Nov 2009 a) Force banks to lower interest rates on all existing and new loans to individuals and businesses
b) Keep the repayment rates almost as high as they were prior to the drop in interest rates so that the principal of debt is repaid more quickly, dropping the ratio of private debt to GDP
c) Raise income tax to take some of the extra income gained from the slight drop in monthly repayment rates to cover recent government expenditures, reducing ratio of public debt to GDP
d) Ensure that credit extension is properly regulated and that leveraged asset speculation is prohibited
A healthy squeeze? 08:33am on 25 Nov 2009 #52 Brownloadofrubbish

Any institution involved in the creation of deposit money through debt.

http://en.wikipedia.org/wiki/Criticism_of_fractional-reserve_banking
A healthy squeeze? 06:45am on 25 Nov 2009 Armagediontimes

If politicians are too much under the sway of the general public then why did they invade Iraq. Why is no public vote allowed on the EU, and why do all "mainstream" parties offer the exact same agenda.

The above three questions are easy to answer:
a) Because the general public wanted an invasion of Iraq. Yes there were protests, but the majority (especially of Americans) believed that the best thing for anything with a turban on its head was a slow roasting. I remember it very clearly.
b) Because the general public don't have an opinion, don't know anything about the EU treaties, and/or don't care
c) Because they are slaves to a nation of spoilt, nervous brats who have lost values like individualism and creativity in favour of following mass-produced consumerist herds.

Everything else in your post, if you hadn't actually noticed (re-read what you wrote) actually supports my argument.
A healthy squeeze? 9:16pm on 24 Nov 2009 #35 GhostOFSichuan

Truth is though, if you found yourself in the politicians' position, you would have bailed the banks out too. You would not have risked allowing the prevailing fabric to unravel.

They know that things are not sustainable and great tectonic shifts are taking place, but they are not in much of a position to do anything about it.

The politicians are actually far too much under the sway of the general public. I am sure that there are many things they would love to do (like seize all banks and kill all bankers), but they cannot.
A healthy squeeze? 8:55pm on 24 Nov 2009 #33 StephenBlencowe

I don't quite agree. The serfs won't instigate change, the change is here regardless.

I think the world is in the process of moving to a new system, some kind of new change. The legacy of post WW2 Bretton Woods is over, and new structures must supplant the old.

We should expect for example
- Moves away from USD as international reserve currency
- Steady deleveraging and ongoing credit restraint
- Moves away from oil as a consequence of moves away from dollar
- Multipolar global power with Asean+China block, EU and USA as main players
- Global central bank with shared control of new international reserve currency
- General increase in activity in 'hard sciences', less in communications, more in new types of energy, transport, food production

I don't see the UK as being particularly much of anything in this picture. If the UK wants to avoid decline, it needs to align itself and integrate with the one of the power centers. Being in the middle between the EU and the USA is just an indecisiveness that makes the UK even less attractive. Soon it will have to make the rational choice, abandon Sterling and meld with the EU fully.
A healthy squeeze? 8:41pm on 24 Nov 2009 #28

Only in recent months do people in general begin to realise that society is and always has been elitist. There is the elite and the proletariat. Today the elite includes bankers and executives of financial institutions and global corporations. One aspect of the financial crisis is that politicians also now realise this and they seek to wrest their power back.

«Newer
Older»

^ Back to top

BBC MMVI

The BBC is not responsible for the content of external internet sites

BBC.co.uk

BBC Blog Network

Find and talk to the BBC's bloggers.

User Profile

FrankSz