Thats kind of what I was saying, The question is did we (as in Britain) miss an opportunity to be as economically stable as germany is currently or did we please our yank masters and in the process distabilise it by opting out? countries like Iran were starting to want to deal in euro's and move away from the dollar I am sure the chinese etc would have followed suit if there was unity in europe
Politicians don't lend money, banks do. There is very little politicians can do when banks lend stupid amounts of money to people who can't repay it.
I actually agree with most of this I dont think the government can reign in the financial/banking sector. However what it can do is blame it and make it the 'bad guy'. The sector probably came up with the idea. as it doesnt affect them really The country as a whole is anti the banks at the moment, how much impact has that had on the bonuses etc?
If it's a choice between the USA and the EU, I'm with the Yanks. Not only did they invent rock n roll, they also (eventually) dug us out of a hole in 1941. The Germans, on the other hand, invented panzers and blitzkrieg, bombed my nan's house, and keep beating us at football.
I realise that the politicians dont lend money to the banks However the politicians did relax the laws/rules/checks regarding lending This was probably due to banks dictating
They would never get elected or re-elected if they did that. The press would go after them. Just look at News International. Since the days of Thatcher and Reagan, big business has so much power and influence that they basically control the governments.
its weird how stuff works out though isnt it? Russia was an ally in WW1 but there was a cold war and hence was enemy number 1 for decades Our interests to a large part lie with our neighbours imo The yanks only care about the yanks, and would sell us short at the drop of a hat imo
Well yeah but that's what happens because the people in position make decisions on things they do not have expertise in. All politicians can do is listen to what 'experts' are telling them and act on that advice. So perhaps the blame should not be with politicians but with the people advising them.
Again I agree, however that is why I said they (as in the banks) came up with the idea of being the bad guys for now Reason being it oesnt affect them as long as the government in power doesnt 'believe' they are the bad guy. After all it hasnt affected the money men financially, and if that means being a bad guy for a while, so be it Its the same with Obama and health in the US. He made out he was going to reform certain things and how bad they were Yet they are one of teh biggest influences on US presidents and policy
That is the point in a way sam The people advising them are the likes of the banks If I use alan sugar as the example, the man would have sold his mum to make money. Who appointe dhim as tsar?
The Spanish Inquisition, Napoleon, and Hitler are just a few of the treats our neighbours tried to inflict on us over the centuries. I'll take Frank Sinatra, Kentucky Fried Chicken and Marilyn Monroe over that lot any day. As for the Russians, they're a funny lot, who usually mean well in a f****d up way, and at least we have the Poles, Germans and French between us and them.
I'm mortgaged to about 5 times my annual earnings over 2 properties. It was my choice to mortgage to that level and I weighed up the risks when doing so. The fact that the bank's offered me the products and didn't stop me from purchasing them doesn't mean to say all the blame lies with the bank. Half the country who also have massive mortgages as well as their sofa, kitchen and 50" plasma tv on two year interest free deals need to stop trying to blame the people who sold them the loans and have a look at themselves.
The big banks that failed were RBS and HBOS, we should have kicked Scotland out of the Pound then they could have gone bust. We'd be better off if we formed a Germanic state with Germany, Belgium, Holland, Austria, Denmark, Sweden and Norway.
Definitely, they should have gone for 4 year interest free with nothing to pay for 6 months. Idiots. Only banks can be blamed for their irresponsible investments though.
I may be wrong here but isn't this, and hasn't it always been, a global economic crisis? (Mainly spurred on by a mix of aliens, the CIA, the Irish and the old firm)
The most accurate post on this thread. Italy, the state is ****ed,but the population have near zero debt,and France is the same. They will be the next to hit the skids.
