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13 June 2010

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Colgrin
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Posted: 05 May 2010 at 17:50 | IP Logged Quote Colgrin

Yeah right, as if the Lib Dems are the answer.

They're been the same on demanding the City be spared it's responsibilities and passing the bill onto everyone else. In fact they've been boasting about how much they will cut as compared to the others.

Whoever moves into 10 Downing Street on friday will be "meet the new boss, same as the old boss."

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Colgrin
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Posted: 05 May 2010 at 17:52 | IP Logged Quote Colgrin

the nobz wrote:
Greece does look like it is in a real state of bother with its almost daily rioting and striking.  I wonder of the bailout will work?Anyway folks, apparently, the LIFFE will be open for trading from 1 am on election morning.  Lets hope gilt trading doesn't react badly to the outcome. Heavy selling would lead to higher interest rates having to be offered on new gilts making it more expensive for the govy to raise funds to keep the spending up. Yikes


What happened to democracy?

Traders should go to hell, it should be up to the electorate to decide upon our leaders. If the traders don't like it, well, they got a vote. If they still don't like it, or they are not eligible to vote, then screw 'em!

Edited by Colgrin on 05 May 2010 at 17:53


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the nobz
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Posted: 05 May 2010 at 17:57 | IP Logged Quote the nobz

Indeed.

But, who buys the gilts that creates the money for the government?  If they don't like what they see...well have a look at Greece.


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Colgrin
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Posted: 05 May 2010 at 17:57 | IP Logged Quote Colgrin

Petemac wrote:

Colgrin wrote:
Why would there be a European war if the EU falters further?

Who would it be against who?
Possible civil war in Greece with EU intervention. Spreading.


Or maybe Greece will do an Argentina, when they defaulted on their debt and turned their economy into a barter economy!

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Posted: 05 May 2010 at 18:31 | IP Logged Quote blip

A goat for your winter supply of veg, I don't quite think we live in the same farm style expanses.

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Colgrin
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Posted: 05 May 2010 at 18:50 | IP Logged Quote Colgrin

the nobz wrote:
Indeed.But, who buys the gilts that creates the money for the government?  If they don't like what they see...well have a look at Greece.


In the 70s the right wing were lambasting the unions for their supposedly "holding the country to ransome"!

Now the money men are doing it, we are supposed to submit without question?

In other words, when the poor attck the rich that's terrorism by the "enemy within", but when the rich attack the poor that's market forces!

With this blatant hypocrisy, no wonder the Greek people are nicked off!

As Eamonn McCann argued in the Sunday Journal: "When market forces drive the poor into destitution, we must roll with the punches. But when hard times discomfit the super-rich, the State weighs in to make a mattress for them stuffed with our money."

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