1. #16751
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Seekingasylum View Post
    5.6 million heavily indebted Brits are to face demands under the new credit card rules
    You fail to mention the purpose of said 'demands'.


    The rules are expected to cut into revenues for credit card companies, but the FCA said it will save customers up to £1.3bn per year. “Furthermore, consumer stress and related financial difficulties would be reduced by resolving debt problems sooner. The total cost savings were expected to have reached between £3bn and £13bn by 2030,” the watchdog said in its original policy paper.

  2. #16752
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    Quote Originally Posted by Pragmatic View Post
    You fail to mention the purpose of said 'demands'.
    To protect them from themselves, Prag. It's been in the pipeline for some time now but the moment has come, finally. The industry of course has not helped itself by imposing usurious rates of interest approaching 22% AER.

    Same same the turbo-charged debt machines are getting limited in the bookies.

    The Brit lower end, particularly the English, are a feckless stupid bunch with as much sophistication as a fart in a spacesuit and have to be treated like subnormal children.

    Surprised you couldn't work it out for yourself.

    Most of course will declare bankruptcy, get the debt written off and be discharged from their bankruptcy ofter a year.

    CC companies never lose money given the high interest rate charged on outstanding debit balances for all punters- it was always a built -in safety valve protecting the companies from bad debtors.

    This regime is designed to prevent the spiral downwards deepening for those living beyond their means i.e. over 5 millions.
    Last edited by Seekingasylum; 28-12-2019 at 11:25 AM.

  3. #16753
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    Brexit is such a success though, isn't it: the currency remains devalued by 20% since its inception, manufacturing wallows in a slump, consumer demand is at its lowest for a decade, the debt to GDP ratio is set to worsen, the current account deficit has widened, the NHS and Justice system are at the point of collapse, rail contracts are in default and to be re-nationalised, the schools infrastructure are now technically bankrupt and homelessness is set to increase by 500% - all traditional markers of a booming economy, yes?

    Har, har, one so revels in the idiocy of the lower end.

  4. #16754
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    Once we're not tied to the EU courts, your eastern block beggars can get thrown back where they belong, thats most of your homeless sorted.

    Infra though will take a few years of course once the crop of low wages EU national have flushed through.

    Course no one is going to want to live in the future 3rd world UK so there will be loads of empty schools and hospitals. Those who remain will be competing for jobs in kfc, especially since the zero hour delivery drivers coming across from the jungle are going to lose their jobs to amazon drones.

  5. #16755
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    So, it is the 4% EU migrants and 10% non-EU migrants who have precipitated this collapse in the infrastructure and debilitated the economy of the remaining 86% British, eh?

    Jawohl, ist der fault of der Juden, Ja mein Fuhrer!

    As I said, Brexit always was about creepy, low end English racism.

  6. #16756
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    You are right, the population growth was all down to low end english scum breeding.

  7. #16757
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    The Donkey Derby...


  8. #16758
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    Strange innit, when the vote doesn't go your way (twice, in this case) how so many people discover their own inner Yellow shirt. About the only person making consistent sense is dear Boris- Get Brexit Done!. Even the eurocrats have stopped whining now, but never the poms. It's a fait accompli, and the clear mandate of the UK government after this largely one issue election is to deliver it.

  9. #16759
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    Quote Originally Posted by sabang View Post
    My grasp of The issue is crystal clear. If you cannot grasp the simple fact that in a democracy the Majority decides, then you belong in Thailand.
    There's quite a group, including Cyrille, who cannot grasp this simple fact. In all 4 votes that went Brexit's way, they were finding reasons why the numbers didn't add up... The Euro elections were particularly funny that despite the Brexit party sweeping the board the London media and their "yellow shirters" such as the LibDems were claiming the victory. A few weeks before the election, the LibDem leader was saying that she thinks it's plausible she will be the next PM... She lost her seat and the remoan/revoke LibDem party go back to parliament with less MPs than they had before, but still they claim victory. They are insane.



    She wanted to revoke the Brexit referendum, without a second vote, just because that's her position, but still claimed to be the most democratic voice???

    &, then after losing her own seat and a terrible night for the party whose number 1 policy was revoke without a second vote, she just refuses to accept her position because she stands for "openness, generosity and hope" - insanity...

    Brexit - It's Still On!-screenshot-2019-12-28-20-18-a

    Brexit - It's Still On!-screenshot-2019-12-28-20-18-a
    Attached Thumbnails Attached Thumbnails Brexit - It's Still On!-screenshot-2019-12-28-20-18-a   Brexit - It's Still On!-screenshot-2019-12-28-20-18-a  
    Cycling should be banned!!!

  10. #16760
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    So Brexit is going to happen. The Tories have a workable majority. Let's enjoy the ride during 2020....

  11. #16761
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    We are now firmly within the new era, epoch, age, call it what you will, and according to those who categorise these stages of Earth's development it is to be known as the Anthropocene Age which is apparently the era of humankind primacy.

    We intelligent folk of course recognise this tosh for the hooey it truly is and know full well, having regard to the Trump idiocy and Brexit imbecility, that we are now in the Age of The Stupid, an epoch that was prophesised by Einstein when he mused on the possibilities of the infinite and concluded that whereas he thought the universe may well be without bounds but he was unsure, he knew for a certainty that stupidity in his view was infinite and a given in the scope of human knowledge.


    The absurdity of BoJo the Clown as Britain's prime minister is of course simply more evidence confirming his thesis.

  12. #16762
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    Always amusing to observe how the lower end portray their stupidity as a burden to be borne out of some sort of selfless stoicism and treated as a natural phenomenon which can be overcome simply by ignoring it. Indeed, when one points out that they have a giant monkey pissing down their back they still claim it is in fact raining and soon the clouds will part and those uplands, host to prancing unicorns, will once again be dappled in golden sunshine rays bestowing wealth and happiness.

    Brexit denial is a classic case and seems to afflict the majority here.

    I read BoJo and his ERG cronies are now implementing Cummings' post-election Orwellian strategy of re-branding Brexit so as to expunge it from public consciousness and realigning reality with the delusion that Brexit is now over and it has been a marvellous success with a stupid electorate once again duped into voting for madness.

    Ministry of non-Brexit is now the Ministry of Golden Unicorns but then, we are talking about the dumbest electorate in the civilised world.

  13. #16763
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Seekingasylum View Post
    We intelligent folk of course recognise this tosh for the hooey it truly is
    Of course you and Diane Abbot do and are well suited to each other. And i hope she bear's you many intelligent offspring.



  14. #16764
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    Lap it up Prag, you've been suckling on the teat of the Tory press for fucking years.

    Your PM fucked a septic slapper on the sly for two years and bunced her over a hundred grand of taxpayer's dosh yet we still await a substantive enquiry.......

    Honestly, one truly has to travel far and wide to find any voter more hapless than a Brexit Tory arse licker....." you can't get thicker than a Brexshit Kipper" sung to the tune of that Kwikfit advert jingle does "fit" quite nicely.

    Happy NY!


  15. #16765
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    Who's turn to change the record, i'm fed up with Leonard Cohen.

  16. #16766
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    Quote Originally Posted by Seekingasylum View Post
    Lap it up Prag, you've been suckling on the teat of the Tory press for fucking years.
    Have never voted Labour in all my years due to how I watched, as a kid, the unions destroy Coventry in the 60's and onward. They done a better job of it than the Luftwaffe. Fcuking wankers.

    And a 'Happy New Brexit' to you.

  17. #16767
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    Still doffing your cap and touching your forelock whilst kowtowing to your betters, eh Prag?

    The demise of engineering and manufacture was a direct consequence of inadequate investment, bad design and inferior management incapable of instituting a coherent infrastructure ensuring quality and productivity. Blaming the unions was nothing but scapegoating for post-war incompetence by the Tories and their lickspittle sycophants. Essentially the 13 years of Tory rule in the 1950s onwards laid the bedrock for Britain's economic demise as a manufacturing economy.

    Blaming unions is puerile and nothing but piffle waffle from the ignorant and unintelligent.

  18. #16768
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    Quote Originally Posted by Seekingasylum View Post
    Blaming unions is puerile and nothing but piffle waffle from the ignorant and unintelligent.
    I can only tell what I saw. The school I went to was over the road from a large open space to where the car workers assembled when they had a downer. It wasn't far from the Roots factory and they seemed to assemble there most days as I recall. I used to watch the men putting their hands up on whether to strike or not and it seemed to matter not which way the vote went they never went back to work. Repeated at all the other car factories in Coventry at the time there was always someone on strike.
    As for me blaming the Unions I admit it because the fall of 'Roots' caused by the Unions was the end of the Detroit of the UK.

    Rootes Group was under-capitalised and unable to survive industrial relations problems and losses from the 1963 introduction of a new aluminium-engined small car, the Hillman Imp. By mutual agreement, from mid-1964, Rootes Motors was taken over in stages by Chrysler Corporation, which bought control from the Rootes family in 1967.[1] By the end of 1978 the last of the various elements of Chrysler UK had been sold to Peugeot and Renault.[4]
    https://en.wikipedia.org/wiki/Rootes_Group

  19. #16769
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    Quote Originally Posted by Troy View Post
    So Brexit is going to happen. The Tories have a workable majority. Let's enjoy the ride during 2020....
    Expect huge volatility across the board next year, with or without the long overdue crash, er, 'correction'.

  20. #16770
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    ^ Why?

    Surely the transition period is the calm before the storm?

    The effects of the last 3 years of namby-pamby dithering, on the other hand, are yet to unfold.

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    But the approach to 2020 and beyond is 'just keep talking about a crash'.

    You're gonna be right eventually and everyone will be impressed.

  22. #16772
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    Quote Originally Posted by cyrille View Post
    But the approach to 2020 and beyond is 'just keep talking about a crash'.

    You're gonna be right eventually and everyone will be impressed.
    Not quite; until recently I was very doubtful of a crash in 2020, believing that in a US election year it makes sense for the admin to do all they could including manipulation of figures and markets if necessary, to defer it.

    But from those whose opinions I respect, it seems overdue and the sooner it comes the better, while the later it comes the worse it will be. Also probably wise to give weight to Buffett holding $128bn in cash as of a couple weeks ago; might be a clue to something.

    So let's get it over with; if you have to swallow a frog it's best not to look at it too long.

  23. #16773
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    ^ Certainly ties in with the rumours I've heard, although nothing to do with Brexit or the EU. I was advised to sell my bonds and cut my monthly share buys drastically.

  24. #16774
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    The QE money and consumer credit fueled growth can only last so long. The ferryman needs paying. A relatively small reduction in credit purchases is going to disproportionately affect countries like Germany who's car lease industry has grown enormously over the last 5 years in places like the UK. Got to feel for them..all those people driving reichwagons costing more than they make in a year...face seems to be the thing in the UK too. Credit crunch is coming.

  25. #16775
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    Quote Originally Posted by Seekingasylum View Post
    Still doffing your cap and touching your forelock whilst kowtowing to your betters, eh Prag?

    The demise of engineering and manufacture was a direct consequence of inadequate investment, bad design and inferior management incapable of instituting a coherent infrastructure ensuring quality and productivity. Blaming the unions was nothing but scapegoating for post-war incompetence by the Tories and their lickspittle sycophants. Essentially the 13 years of Tory rule in the 1950s onwards laid the bedrock for Britain's economic demise as a manufacturing economy.

    Blaming unions is puerile and nothing but piffle waffle from the ignorant and unintelligent.
    It's so nice of you to absolve the unions of any blame for the collapse of UK manufacturing industry.
    I'm surprised all those Japanese manufacturers cam e to UK, when the unions were so considerate, in laying the groundwork for those arrivals. (cough)

    I am also curious about the Wilson government, and his successors. Did they reverse all the nasty tory plans to shape British industry, ably assisted by that lovely and gentle minded Scargill chap?

    Successive governments failed the country, blinded by high wage demands, accompanied by falling improvements in quality or quantity.

    Thank fok the CS weren't running the show ........ oh wait

    What a clown you turned out to be.

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