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BOSI - Job losses 750

This is a discussion on BOSI - Job losses 750 within the Economy forums, part of the Topical Discussion category on Politics.ie. Originally Posted by Cassandra Syndrome And do people's loans deflate with that? We are a massive leveraged society. Number 1 ...
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  #61 (permalink)  
Old 9th February 2010
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Originally Posted by Cassandra Syndrome View Post
And do people's loans deflate with that? We are a massive leveraged society. Number 1 in the world.

If disposable income shrinks and credit is unavailable how do people consume more?
peoples personal debt is their own problem,i know it sounds unfair but the harsh truth is no one held a gun to anyones head to take out a loan, if you can't pay default simple as that ,they can't put everyone in prison
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  #62 (permalink)  
Old 9th February 2010
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Originally Posted by Cassandra Syndrome View Post
No confusion. I am aware of the figures. Debt is debt. Pre Tax Net National income shrank to about 80 Billion in 2009. The debt ratio for this is about 500%. Add in General Government debt of 110 Billion it is 450% of GNP. And that's before external debt.

Deflation crucifies borrowers, rewards savers. The country has about 100 Billion in savings. We are in debt 5 times as much as we save.

Lights out.
Well i hav no personal debt and they can sing for it if they think im paying for companies or reckless individuals debts.
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  #63 (permalink)  
Old 9th February 2010
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Originally Posted by Digout View Post
A lot of staff in AIB and BOI are twiddling their thumbs, once SCAMA is active they will be fired.

Oh yeah, what's the latest on that Ponzi scheme?
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Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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Old 9th February 2010
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Oh yeah, what's the latest on that Ponzi scheme?

FF are waiting for the EU to write the cheque, but Franz and Gunter aint falling for their half truths and lies.
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Old 9th February 2010
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Well i hav no personal debt and they can sing for it if they think im paying for companies or reckless individuals debts.
Neither do I, but I do not believe in Solipsism.
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Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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Old 9th February 2010
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Originally Posted by charley View Post
peoples personal debt is their own problem,i know it sounds unfair but the harsh truth is no one held a gun to anyones head to take out a loan, if you can't pay default simple as that ,they can't put everyone in prison
Its what people were conditioned to do. To own a house you had to get a mortgage. For a company to compete it needed to borrow for working capital. The "level playing field" was dictated by the Fractional Reserve Banking system whose greed trickled down into the masses psyche.
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Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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Old 9th February 2010
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FF are waiting for the EU to write the cheque, but Franz and Gunter aint falling for their half truths and lies.
Busy cheque book at present to, what with Greece out with their begging bowl...
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Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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  #68 (permalink)  
Old 9th February 2010
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Originally Posted by Cassandra Syndrome View Post
unless we address this correctly the point of critical mass will be reached and the system will implode. George Lee knows this and tried to talk sense to the lunatics inside the Dail but to no avail.

Options?
He could try his hand at the 2.00am to 6.00am slot on RTE radio. General chit chat, a bit of upbeat music, you know a sort of "it's great to be alive this fine morning" sort of stuff.
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Old 9th February 2010
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No confusion. I am aware of the figures. Debt is debt. Pre Tax Net National income shrank to about 80 Billion in 2009. The debt ratio for this is about 500%. Add in General Government debt of 110 Billion it is 450% of GNP. And that's before external debt.

Deflation crucifies borrowers, rewards savers. The country has about 100 Billion in savings. We are in debt 5 times as much as we save.

Lights out.
And we've no assets at all for all that debt? That's shocking so it is.
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Old 9th February 2010
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Now that you mention it. I seen a MW (new moniker) beating a child not so long ago and he was wearing Armani shoes.
The child?!?!?

Hmm... Hey, maybe when we run out of adult scapegoats we can just turn on kids! Just think of it - there they are with their Xboxes and new mobiles, living the high life, getting chauffeured around the place while contributing nothing to the economy, far too many holidays and leeching off the State for the children's allowance, etc etc etc.

Man alive, they're the perfect patsies!

Thanks for the inspiration, sauntersplash - I'm gonna email FF HQ right away!
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