Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.
  • Page:
  • 1
  • 2

Brown has b*ggered the economy (FCUK)     

gallick - 15 May 2005 23:58

Without wanting to make a party political broadcast (bit late for that) it is quite clear that Gordon is in fact a moron. Having made the Bank of England in charge of interest rates in his first day of power (good move), I fail to see a single good thing he has done since.

He has managed to tie business up in red tape, increase the tax burden with 66 different stealth taxes, and increase spending massively creating a considerable black hole, which means that taxes will have to rise further. The only jobs he has created are in the public sector (the least productive and most expensive to fund) and money has been poured into the NHS with no discernable benefits.

Even his sideline issues have been hopeless. He sold the Bank of England Gold reserves almost as they touched their low point (gold prices have subsequently soared)and has completely decimated pensions with his 5 billion yearly tax take.

So the question is, what can Gordon fcuk up next? I know, lets give him the top job so he can completely knacker the country.

After all, we probably deserve him!!

rgrds
gk

hewittalan6 - 18 May 2005 15:47 - 36 of 38

I am certain the fed will up rates and ours will drop but I think oil has a little way to fall yet.
With very few exceptions the win-win scenario being impossible is impossible in any economic argument, there is no free lunch and that kind of gets to the heart of how this (and many other threads discussing economic policy) start.
I was merely postulating that no matter how ineffective the ECB is at present, economies of scale will kick in and the winner will not necessarily be the fittest, but the biggest bully on the block. We have watched America bully smaller nations using the might of the dollar (or guns if that doesn't work!!) and my theory goes that if the asian countries start to get a good economic kicking from TWO bullies, they might decide on a safety in numbers reply and all get behind a new pacific currency, or adopt the yen as a trading standard. My point then is, more bullies and less countries to be bullied. Do we go against our natural desires and join a gang of big boys, or do we try and hide away from them? There are no teachers to go and tell in this playground, and sterling sure as hell won't be big enough to fight back!!
Alan

moneyplus - 18 May 2005 16:52 - 37 of 38

Glad to see the stone throwing has stopped and humour is restored!! and no one mentioned ferrets-lol!
It's very interesting to follow the North / South debate and understand where some views begin--I still favour Hilary's points but I now understand that if you live through turmoil and change the bitterness can run deep for years.
I live in the far South West and we are forgotten completely unless someone wants a seaside break--the world ends at Bristol for most politicians!

jimbobGR - 18 May 2005 17:40 - 38 of 38

I think everyone on social should be made to work for the tax payer free of charge whether it be litter picking, cleaning hospitals or running youth clubs or day care centres and if they dont tur up then their benefit should be reduced. why shouldn't they work when there is lots they could be doing an dare being payed to do nothing.

Then we can save a lot of money on our tax bills !
  • Page:
  • 1
  • 2
Register now or login to post to this thread.