www.bbc.co.uk/news/world-europe-21814325

Shouldn;t bother the loony Labour supporters though - they dont have any money in banks !!!!

as the son of a banker who was told by his dad to "never trust banks" I am most circumspect where I keep my savings...not enough for Switzerland but certainly Australian (or New Zealand) banks where they have even tighter government controls than Switzerland...

but you are mis-leading us to a degree..obviously if you don't pay back debts there is trouble.

I was also told by my father to never buy anything on tick..as he considered interest to be immoral and admired Sharia lending practices (long before most of us had heard about Islam) ..but when living in a capitalist society it is almost impossible not to borrow as that is how it works (capitalism).

so once again ITK wrongly infers that left politics is the cause of Cyprus woes when it's just bad management.

back to kindergarten again for ITK you naughty Tory .....

hedda wrote:
as the son of a banker who was told by his dad to "never trust banks" I am most circumspect where I keep my savings...not enough for Switzerland but certainly Australian (or New Zealand) banks where they have even tighter government controls than Switzerland...

but you are mis-leading us to a degree..obviously if you don't pay back debts there is trouble.

I was also told by my father to never buy anything on tick..as he considered interest to be immoral and admired Sharia lending practices (long before most of us had heard about Islam) ..but when living in a capitalist society it is almost impossible not to borrow as that is how it works (capitalism).

so once again ITK wrongly infers that left politics is the cause of Cyprus woes when it's just bad management.

back to kindergarten again for ITK you naughty Tory .....

Don't join the Euro and let Berlin dictate your economic policies.

hedda wrote:
..but when living in a capitalist society it is almost impossible not to borrow as that is how it works (capitalism).

Agree, hedda - but there is a real difference between borrowing sensibly (to buy a large capital asset - eg a house, which will increase in value), and loony borrowing to pay people to do nothing !

so once again ITK wrongly infers that left politics is the cause

remind me, hedda ... who was in control of regulating the banks for the 13 years prior to the crash (of 2008)?

... who was in control when we had to send for the IMF ?

... who was in control when we had to devalue the currency (making every person in the country 20% worse-off overnight) ?

In The Know wrote:
hedda wrote:
..but when living in a capitalist society it is almost impossible not to borrow as that is how it works (capitalism).

Agree, hedda - but there is a real difference between borrowing sensibly (to buy a large capital asset - eg a house, which will increase in value), and loony borrowing to pay people to do nothing !

so once again ITK wrongly infers that left politics is the cause

remind me, hedda ... who was in control of regulating the banks for the 13 years prior to the crash (of 2008)?

... who was in control when we had to send for the IMF ?

... who was in control when we had to devalue the currency (making every person in the country 20% worse-off overnight) ?

Selective amnesia?

The Stock market crash of 1987? The Major/Lamont Black Wednesday disaster of 1992 perhaps? Or 1980? Remember inflation rising 12% extra with the new Tory government. Oh and don't forget unemployment more than doubled in that time.

Try doing some research before posting.

en.wikipedia.org/wiki/Loony_left

Pat, prepare to be bamboozled by ITK! His drawnout and off-point reply will quote almost anything - and from anywhere - to try and justify his one tracked views (on everything) and will almost certainly contain the words 'loony' and 'scroungers'......

In The Know wrote:
hedda wrote:
..but when living in a capitalist society it is almost impossible not to borrow as that is how it works (capitalism).

Agree, hedda - but there is a real difference between borrowing sensibly (to buy a large capital asset - eg a house, which will increase in value), and loony borrowing to pay people to do nothing !

so once again ITK wrongly infers that left politics is the cause

remind me, hedda ... who was in control of regulating the banks for the 13 years prior to the crash (of 2008)?

... who was in control when we had to send for the IMF ?

... who was in control when we had to devalue the currency (making every person in the country 20% worse-off overnight) ?

pattaya : 'Don't join the Euro and let Berlin dictate your economic policies."


you silly Tory..the Blair government weren't lefties..they were just Thatcherism on steroids.( Maggie/Major never tinkered with the dole)

I voted once for the liar as I believed him when he said he would stop the greatest scam on earth-privatisation. Instead he went sold anything not nailed down.

as for 'paying people to do nothing'..that doesn't happen. The unemployed etc are paid to spend .... the money goes straight back into the economy quite apart from the morality... if the economy is not run to benefit everyone including the 'dolers'..what's the point?

Selective amnesia? Talk about ONLY seeing one side of an argument LOL !

This is NOT the first time that a Tory government has had to bail-out the country following a Labour government ! Yes, they have taken tough measures - but nothing as extreme as sending for the IMF or de-valuing the currency !!!

Just like today - they are paying back Labour's debt after Labour (again !) left the country in dire straights.

And unemployment? Labour's union friends have DESTROYED more jobs than any Conservative could even imagine !

There used to be 50,000 car jobs in Dagenham alone - how many now? - the UK car industry virtually wiped-out.

Motor-cycles? - industry DESTROYED
Heavy steel? - industry DESTROYED
Coal mining? - industry DESTROYED

There are more people in employment now - under the Coalition - than at any time in history.

Pattaya wrote:
The Stock market crash of 1987?

Try doing some research before posting.

In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%)en.wikipedia.org/wiki/Black_Monday_(1987)

Nothing whatever to do with the UK government

Ben 9 wrote:
Pat, prepare to be bamboozled by ITK!

I thought you had humiliated yourself enough .... clearly I was wrong !!!

hedda wrote:
..the Blair government weren't lefties..

... and it wasnt the B-Liar government that called in the IMF or devalued the pound was it you foolish person ?

It was OTHER Labour governments.
They CANNOT be fiscally prudent - they only understand borrow / spend / get into debt.

Told you Pat.

Four top notch replies!

Ben 9 wrote:
Told you Pat.

Four top notch replies!





Exactly Ben!
Did reply to the first one,but seems Mr King or the mods didn't like my facts:)

Pattaya : I didn't mean you were a 'silly Tory' dear although my best friends are conservatives...

industries like steel and motor cycles were destroyed by "globalisation"..the scam sold on the claim poor countries would become wealthy like us but which in reality just became suppliers of cheap labour.

(and look to Maggie re: coal).

Thus began an ever increasing spiral towards the bottom with the UK & USA sending manufacturing off-shore and the value of wages dropping...yet the residents of those countries are still expected to spend as they did before.

In the most recent study in the USA ( which would be reflected in the UK) for the minimum wage to have kept on par with the increase in profits and prices since the 70s....the hourly rate should be $22 per hour for the lowest paid. It's less than half that.

Thus unbridled Capitalism is always doomed for failure. mean while real 'leftist' countries like Germany which didn't buy into this right wing crap are going gangbusters and make fab cars, TVs and washing machines and pay good wages etc etc.

hedda wrote:
In the most recent study in the USA ( which would be reflected in the UK) for the minimum wage to have kept on par with the increase in profits and prices since the 70s....the hourly rate should be $22 per hour for the lowest paid. It's less than half that.

When will you realise that workers are ONLY worth what people are prepared to pay?

You can "ask" for as much as you like ... if an employer thinks you are not worth it - you wont get it !

The Unions in the USA (finally) realised this, and reduced their demands ... result? 29 consecutive months of increased employment and 250,000 extra jobs in last period.

£1 million being flown out to Cyprus by RAF (for soldiers) in case cash machines there stop working.

What would the dolers do here if the cash machines stopped working?

All banks to close until next week.

Rumours that the Finance Minister has resigned - in which case he must be Labour ... make a mess and then let others sort it out !

In The Know wrote:
hedda wrote:
In the most recent study in the USA ( which would be reflected in the UK) for the minimum wage to have kept on par with the increase in profits and prices since the 70s....the hourly rate should be $22 per hour for the lowest paid. It's less than half that.

When will you realise that workers are ONLY worth what people are prepared to pay?
250,000 extra jobs in last period.

yes and probably 3 jobs for each person just to survive at their paltry hourly rate.

I'm sure ITK was Nero in a past life fiddling away as Rome burnt down screeching "too bad ..you get what you pay for" because no-one would become a fireman for half a crown a week.

In The Know wrote:
(...) in which case he must be Labour ... make a mess and then let others sort it out !

You continue to confuse spending / borrowing ... with historic debt (deficit)!

Of course spending will increase UNTIL we have paid for the deficit.

Right now we are having to pay for all these dolers AND for the interest on Labour's debt, AND the capital on Labour's debt !