Making the news today....

[tree-fancier123]

8 minutes ago, Mark J said:

Ok then, so if they have the right people, why didn't they follow their advice ie: lockdown 4 weeks before it was instigated, and doing something more useful than telling the over 70's to avoid cruises etc.?

I'd like to know what you think their reasoning is? Why employ experts if you don't act upon their guidance?

Graphs look swanky, I appreciate you've done some research, but the graphs would look much different if the gov had acted in a professional manner.

I thought I covered your questions in first post - to reiterate

1. any lockdown was going to nearly bankrupt the country  - so the public needed to see significant hospital deaths recorded before they would believe it necessary

2 the graphs weren't included to look swanky - just to show the daily recorded positive tests aren't still climbing, nor is the hospital death rate.

 

Do you honestly think the public would have put up with staying in and complete closure of all air and sea ports, shutting of non essential businesses without seeing a bit of blood in the streets first?

[Mark J]

5 minutes ago, tree-fancier123 said:

 

Do you honestly think the public would have put up with staying in and complete closure of all air and sea ports, shutting of non essential businesses without seeing a bit of blood in the streets first?

Yes. If it was made apparrent that most nannas are going to die as a result of inactivity.

"Take it on the chin"

Who shall we call upon to govern us, now that all the kings are gone...

Edited April 20, 2020 by Mark J

[trigger_andy]

Just now, Mark J said:

Yes.

 

 

What a guy.  You're completely bonkers. Consistent though, I'll give you that. 

[Mark J]

5 minutes ago, trigger_andy said:

 

 

What a guy.  You're completely bonkers. Consistent though, I'll give you that. 

Haha. Bless you and your wee petrochemical socks. That's the nicest thing anyone has said in ages.

Edited April 20, 2020 by Mark J

[Mark J]

28 minutes ago, tree-fancier123 said:

1. any lockdown was going to nearly bankrupt the country  -

[tree-fancier123]

That 1.8 trillion has built up over years of near zero interest rates - this one event, not just the bailouts and handouts, but the lost tax revenue is going to hit the public purse for gawd knows how much. North of half a trillion?

Interest rates cant go lower, so the new thing every crisis is print

Edited April 20, 2020 by tree-fancier123

[donnk]

2 hours ago, tree-fancier123 said:

That 1.8 trillion has built up over years of near zero interest rates - this one event, not just the bailouts and handouts, but the lost tax revenue is going to hit the public purse for gawd knows how much. North of half a trillion?

Interest rates cant go lower, so the new thing every crisis is print

You cant really look at gov debt in the same way as 'normal' debt. For example look at the current loans, grants, free furlough money. What is going to happen to nearly all of that money is that its going to be spent into the economy.

 

The gov isnt doing these mega handouts for joe public they are doing it to prop up UK PLC GDP. If GPD goes down too much then there isnt enough cash lolling about the system to keep up on the debt repayments/Gilts. Who owns most of these gilts. UK Pension funds. 

 

In the old days banks could only lend out what savers deposited. No more. Every time they provide a loan/mortgage they magic up electronic money that did not exist before, subject to a leverage limit set by the bank of England. This is what sunk a lot of them in 08. 

 

This is why the gov is hell bent on pushing as much housing as it can. Every wimpy or persimmon site of 100 houses is £30 million of made up magic money pumped into the economy boosting GDP. 

 

The other side of the con, you take a mortage of £250k over 25 years you pay back a total of £450k at 5%, they bank then uses this £200k profit to buy up gov loans/gilts and to reduce its leverage to allow it to spank the magic moeny tree to create more loans.

 

 

Whoever dreamed up this crooked fucking system was an evil genius. 

 

Fractional-reserve banking - Wikipedia

EN.WIKIPEDIA.ORG

 

Edited April 20, 2020 by donnk

[kevinjohnsonmbe]

3 hours ago, Mark J said:

Yes. If it was made apparrent that most nannas are going to die as a result of inactivity.

"Take it on the chin"

Who shall we call upon to govern us, now that all the kings are gone...

I won't vouch for the authenticy since it's just a copy of a FB post but it might be worth a thought...

 

 

[kevinjohnsonmbe]

[AHPP]

On top of donnk's sadly accurate explanation of the farce of fiat, the Persimmon shitboxes are performing a second nefarious function.

The government help-to-buy scheme lends prospective buyers 5% of the cost of the house so they only have to find 5% themselves to make a 10% deposit. Now you'd think a party contributing 5% of the cost of the house would get  5% of the equity in it. Not here. The government puts in 5% of the cost but gets 20% of the equity. If people default on their mortgages, the houses will be repossessed and sold and the government will make a tidy profit. Everybody knows there's a house price crash coming. The government positioning themselves like this (and with taxvictims' money remember) is no mistake.

One might even be suspicious of some large newsworthy event that puts a lot of people into financial difficulty; the sort of financial difficulty that might make it hard to pay your mortgage...

Edited April 20, 2020 by AHPP