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The Rabbit Hole

  • #9,521
  • Sep 24, 2017 2:06pm Sep 24, 2017 2:06pm
https://youtu.be/fh2NuzL5vTI
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #9,522
  • Sep 24, 2017 2:21pm Sep 24, 2017 2:21pm
Quoting Exodus
{quote} ...where did you find that out?
Nigel said in his piece for the Telegraph I think.
  • #9,523
  • Sep 24, 2017 2:53pm Sep 24, 2017 2:53pm
Quoting Exodus
{quote} You were in the wrong restaurant! You need to find the one where they have that pig-looking thing that recommends you try one of its ribs.....
Ahhhh! restaurant at the end of the universe! I remember well the genetically modified animal that wanted to be eaten, who had concern and compassion for the vegetables as they did not want to be eaten......but they do lousy pancakes.....
  • #9,524
  • Sep 24, 2017 11:16pm Sep 24, 2017 11:16pm
Quoting spzd
{quote} Many of the world's problems are linked to China. When Trump made Pakistan own the Taliban, China was there saying that was not appropriate. The BRICS are no longer unified as India is aligning with the US. The Afghan situation has Afghanistan and India aligning. Russia sides with China on many issues based on history. Russia still wants to be a super power so they try to thwart the US. Can not be a super power without a strong/diverse economy and Russia has never had that. All China really has is cheap manufacturing. They attempt to be...
Very well articulated! I couldn't have said better myself!
  • #9,525
  • Sep 24, 2017 11:17pm Sep 24, 2017 11:17pm
Quoting spzd
Trump not mincing words about the football players "protesting". https://www.youtube.com/watch?time_continue=100&v=Z753TSAnB8Y
Didn't even watch this Sunday! Although loved NASCAR's stance on the issue!
  • #9,526
  • Sep 24, 2017 11:19pm Sep 24, 2017 11:19pm
Quoting Stu Effex
{quote} We are being shoe horned into wars again. I believe it's what is wanted, it thins out the population and good for business. We know who it has the most impact on but the rank and file don't matter, pawns in the game.
Yeah we are navigating in very troubled times for sure!
  • #9,527
  • Sep 24, 2017 11:19pm Sep 24, 2017 11:19pm
https://youtu.be/ebGocMJ7Cww
  • #9,528
  • Sep 25, 2017 3:43am Sep 25, 2017 3:43am
Some may get this or some may not, or it could be just an American thing. Anyway, I thought of this song because it seems to be appropriate in consideration of the protests by all the SJWs! The key phrase in this song is "they" You all can probably guess who "they" is if you insert it's context into today's narrative. Enjoy!

https://youtu.be/85sIJcC8zbs
  • #9,529
  • Sep 25, 2017 3:43am Sep 25, 2017 3:43am
Friday coming we have an interesting event. "Bank of England's conference celebrating 20 years of independence, in London".

So it begged the question of what has the bank actually achieved in that 20 years of independence?

Well....

(all my opinion of course)

No longer has monetary policy and fiscal policy been aligned to provide a coordinated management of the economy. In fact IMO they've been at odds with one another and frequently worked against each other. (e.g. Government tightening & BOE loosening combined effect - bubble and little else) - poor quality stimulation at best...

BOE has managed to lose control of the banking system. With the Prudential Regulatory Authority (an arms length subsidiary part of the Bank) having responsibility for financial prudence and the Financial Conduct Authority having responsibility for conduct.

Treasury was able to run amok with all sorts of spending plans that took no account of other economic issues.

There has built up over a 20 year period a massive bubble in housing that no-one is going to want to burst.

We've ended up with effective sub-zero interest rates when the true rate is combined with all the QE

We've now got near stagnant growth numbers with an economy being squeezed by government and peppered with unsustainable goodies (free money for the banks etc.) by BOE...

The banking system now has zero moral hazard. They can do what they like and up to and including betting the farm and the tax payer will foot the bill and they just get richer.

So pat yourselves on the back - Central Bankers and Politicians alike. This has been a resounding success story.......


I do so miss the monthly Ken and Eddie Show!
  • #9,530
  • Sep 25, 2017 6:02am Sep 25, 2017 6:02am
Quoting nbfx
Friday coming we have an interesting event. "Bank of England's conference celebrating 20 years of independence, in London". So it begged the question of what has the bank actually achieved in that 20 years of independence? Well.... (all my opinion of course) No longer has monetary policy and fiscal policy been aligned to provide a coordinated management of the economy. In fact IMO they've been at odds with one another and frequently worked against each other. (e.g. Government tightening & BOE loosening combined effect - bubble and little else) -...
https://youtu.be/zXlD_xFncJY
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #9,531
  • Sep 25, 2017 6:44am Sep 25, 2017 6:44am
Quoting Stu Effex
{quote} We are being shoe horned into wars again. I believe it's what is wanted, it thins out the population and good for business. We know who it has the most impact on but the rank and file don't matter, pawns in the game.
Y'all have problems that give you a different perspective. Were most of the immigration problems created because of rules imposed with the creation of the EU?
Defending Truth, Capitalism and the US Constitution
  • #9,532
  • Sep 25, 2017 7:27am Sep 25, 2017 7:27am
Quoting jarhead
{quote} Y'all have problems that give you a different perspective. Were most of the immigration problems created because of rules imposed with the creation of the EU?
I would say yes Jim, although prior to EU membership we did have various immigration acts and did have immigration episodes which did cause issues during the 60's but nothing on the scale of where we are at now but if we think of it like coastal erosion it gives a clearer picture. It's been happening for decades but the more unstable the cliffs become the more you notice that the building close to the cliff edge is about to fall into the sea. I personally noticed something was wrong in 1991 when I went to a library in Tower Hamlets that had started stocking in earnest books in URDU.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #9,533
  • Sep 25, 2017 7:38am Sep 25, 2017 7:38am
Quoting jarhead
{quote} Y'all have problems that give you a different perspective. Were most of the immigration problems created because of rules imposed with the creation of the EU?
Personally .... I think the immigration problems were caused by two things.

a) some fuck-wits bombed the hell out of Iraq, smashed their social infrastructure ... and just moved out. Some people seem surprised that ISIS (or any other name that means the same) swooped in to fill the void. Exactly how the Syrian business got started I can't remember (I should look....) but therein lies the start of some of the influx.

b) technology has enabled the initial immigrants to 'phone home' and say "hey guys, you get free housing and food!" Oh, and nobody is shooting at you. That started the North African flood.

Quoting Stu Effex
.... I personally noticed something was wrong in 1991 when I went to a library in Tower Hamlets that had started stocking in earnest books in URDU
At least the accession to foreigners has now been removed from the driving test. All applicants are expected to be able to read traffic sign written in English. Interpreters not allowed.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #9,534
  • Sep 25, 2017 7:48am Sep 25, 2017 7:48am
Quoting nbfx
Friday coming we have an interesting event. "Bank of England's conference celebrating 20 years of independence, in London". So it begged the question of what has the bank actually achieved in that 20 years of independence? Well.... (all my opinion of course) No longer has monetary policy and fiscal policy been aligned to provide a coordinated management of the economy. In fact IMO they've been at odds with one another and frequently worked against each other. (e.g. Government tightening & BOE loosening combined effect - bubble and little else) -...
Interesting.

I thought it was a smart move of Gordon FW Brown to assign the blame for all ills to the BoE when he took the Chancellery in '97.

I remember him saying "I have abolished boom and bust", and thought to myself 'what are you saying?'

Now that we have enjoyed nearly ten years of 'zero interest rates', I was slightly encouraged that for a while the BoE resisted hitting the zero-button. Well now we are near as dammit on zero. I look to the Far East and ask myself why people thought we could succeed with ZIRP when the Japanese failed, and for so long. I think it boils down to that we should have gone through the extreme pain back in 2008 and we would now be in a much better situation, ....probably.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #9,535
  • Sep 25, 2017 8:24am Sep 25, 2017 8:24am
Quoting Exodus
{quote} Interesting. I thought it was a smart move of Gordon FW Brown to assign the blame for all ills to the BoE when he took the Chancellery in '97. I remember him saying "I have abolished boom and bust", and thought to myself 'what are you saying?' Now that we have enjoyed nearly ten years of 'zero interest rates', I was slightly encouraged that for a while the BoE resisted hitting the zero-button. Well now we are near as dammit on zero. I look to the Far East and ask myself why people thought we could succeed with ZIRP when the Japanese failed,...
Gordon Brown - probably the worst chancellor this country has ever had. Talk about slight of hand, he was constantly pulling the wool over people's eyes about fiscal prudence all the while doling out the cash at a hitherto unseen and eye watering pace to any old scheme that could at little more than a cursory glance fulfill the "Nanny (We're looking after you in your own best interests) State" approach! And when the banks crashed because no-one was keeping an eye on them he stepped up his game and gave it to bankers and cronies...
  • #9,536
  • Sep 25, 2017 8:37am Sep 25, 2017 8:37am
Quoting nbfx
{quote} Gordon Brown - probably the worst chancellor this country has ever had. Talk about slight of hand, he was constantly pulling the wool over people's eyes about fiscal prudence all the while doling out the cash at a hitherto unseen and eye watering pace to any old scheme that could at little more than a cursory glance fulfill the "Nanny (We're looking after you in your own best interests) State" approach! And when the banks crashed because no-one was keeping an eye on them he stepped up his game and gave it to bankers and cronies...
And on the Lisbon Treaty
Attached Image (click to enlarge)
Click to Enlarge Name: Lisbon_Treaty_-_Gordon_Brown - Copy.png Size: 307 KB
  • #9,537
  • Sep 25, 2017 9:07am Sep 25, 2017 9:07am
So how many of you have a beer belly? Where's the 8 pack?!
https://youtu.be/p-H9yyHwuXw
https://youtu.be/kVIORDAofn8
  • #9,538
  • Sep 25, 2017 9:14am Sep 25, 2017 9:14am
https://youtu.be/V6oHA9hFIVs
  • #9,539
  • Sep 25, 2017 9:34am Sep 25, 2017 9:34am
Quoting Stu Effex
{quote} https://youtu.be/zXlD_xFncJY
The BoE disagrees with that guy:
http://edu.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england/
  • #9,540
  • Sep 25, 2017 9:47am Sep 25, 2017 9:47am
Quoting jen101
So how many of you have a beer belly? Where's the 8 pack?! https://youtu.be/p-H9yyHwuXw https://youtu.be/kVIORDAofn8
Fortunately I finished my lunch well over an our ago
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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