Old Bing Posted March 18, 2020 Share Posted March 18, 2020 6 minutes ago, BawWatchin said: Because guaranteed when the ideological world wide debt figure sky rockets, the burden will fall on the same people it always does. There's going to be a whole lot of debt defaulting after this, especially by business owners. Which is basically the government covering the debt at the cost of the poorest and most vulnerable. Something we'll see across the globe. Something that can be completely avoided by simply writing the whole thing off world wide. Your talking complete sense, but unfortunately I think we both know that's never going to happen. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 18, 2020 Share Posted March 18, 2020 12 minutes ago, BawWatchin said: Borrowing shouldn't even be necessary. Every country in the world will be borrowing to offset the economic impact which will inflate the world wide debt figure even more. Which is utterly ludicrous. Just shake hands and write the damn thing off. "bump elbows", shirley? 2 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, Henderson to deliver ..... said: It's a massive opportunity to reshape our economy away from mass consumption and hyper consumerism. The money is there, the money is always there. Sunak and Johnson plan to bail out the big guys and saddle the small businesses with loans and debt. The poor should be first in line, not last, or indeed, not even mentioned at all. The neolibs and austerity junkies won't give up their economic hegemony easily. Love the optimism. I hope you are not too disappointed when that doesn’t happen. 2 minutes ago, BingMcCrosby said: No Country should ever be trading with China again, for anything!!! How many viruses is it they have given the world? This has to be the final straw for everyone else surely. They cannot be trusted to have even the most basic of hygiene and food standards. ^^^^ Posted using a phone/tablet/laptop/desktop made in China. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, Miguel Sanchez said: People being sad they can't work and earn a living. Outrageous. No, I was thinking more of, A) That the BBC deem this headline breaking news B) "Heartbreaking" being used to describe a pop concert being cancelled. But if you took something else from it, fair enough. 0 Quote Link to comment Share on other sites More sharing options...
yoda Posted March 18, 2020 Share Posted March 18, 2020 I see the armchair virologists have morphed into armchair economists. 4 Quote Link to comment Share on other sites More sharing options...
Guest bernardblack Posted March 18, 2020 Share Posted March 18, 2020 If we go into lockdown and we are only allowed to the supermarkets to buy essentials....who gets to define essentials?As I will be needing beer 0 Quote Link to comment Share on other sites More sharing options...
Estragon Posted March 18, 2020 Share Posted March 18, 2020 Just now, Snafu said: It's been a while since there's been a bit of racism or stereotyping on here. f**k up whitey 1 Quote Link to comment Share on other sites More sharing options...
Guest JTS98 Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, bernardblack said: If we go into lockdown and we are only allowed to the supermarkets to buy essentials....who gets to define essentials? As I will be needing beer That's the situation in Malaysia. I haven't been to the shop since the measures were introduced, but I'm assured by others who have that bevvy remains available. 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, MixuFixit said: if you wrote off all debt world wide you wouldn't have a pension. Governments should be borrowing massively and directly paying people their wages while they can't work. Several already are. With all due respect you're completely overlooking the bigger picture here. Pensions don't have to be in the form of debt. Wages don't have to be in the form of debt. Welfare doesn't have to be in the form of debt. Under the current system, everybody is borrowing from everybody. We all owe people who owe us. Slap interest on top of it and you have a never ending world wide debt bubble that can only keep increasing forever. It's purely ideological and unnecessary. -1 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, yoda said: I see the armchair virologists have morphed into armchair economists. One of the more advanced symptoms 2 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 18, 2020 Share Posted March 18, 2020 6 minutes ago, yoda said: I see the armchair virologists have morphed into armchair economists. #multitasking 0 Quote Link to comment Share on other sites More sharing options...
Old Bing Posted March 18, 2020 Share Posted March 18, 2020 7 minutes ago, Snafu said: It's been a while since there's been a bit of racism or stereotyping on here. Racism ffs, it is actually true. 0 Quote Link to comment Share on other sites More sharing options...
NotThePars Posted March 18, 2020 Share Posted March 18, 2020 Idk the breakdown of P&B homeowners versus rentiers I assume everyone either has a plasma in the bathroom or lives in a bin but if you’re facing being forced to continue paying rent or are about to enjoy a big mortgage holiday then Living Rent could be a massive lifeline or need your help in the coming weeks. Ofc as a champagne socialist who isn’t paying rent rn I’m on board with rent strikes.https://www.livingrent.org/corona 0 Quote Link to comment Share on other sites More sharing options...
Old Bing Posted March 18, 2020 Share Posted March 18, 2020 Have no future trading with China is nothing to do with racism (for me anyway) it's to do with what's best and safest for us in the future 0 Quote Link to comment Share on other sites More sharing options...
Rugster Posted March 18, 2020 Share Posted March 18, 2020 That's Tesco introducing a maximum allowance of 3 items per person on every single product they sell from tomorrow. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, BingMcCrosby said: Have no future trading with China is nothing to do with racism (for me anyway) it's to do with what's best and safest for us in the future So it’s best for us not to trade with a country that produces essential products that no other country produces, or certainly don’t produce in sufficient quantity. That requires a more detailed explanation. The floor is yours... 0 Quote Link to comment Share on other sites More sharing options...
Thane of Cawdor Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, Miguel Sanchez said: If anyone's concerned about the editorial tone of the BBC nowadays: The US also has a southern border with Canada, has no-one told him? On a purely selfish note, that's me sorted for the next fortnight. 3 Quote Link to comment Share on other sites More sharing options...
Robin.Hood Posted March 18, 2020 Share Posted March 18, 2020 That's Tesco introducing a maximum allowance of 3 items per person on every single product they sell from tomorrow.Can I get a link please? For workmates . Kinda glad this is happening but we are still fucked Ignore. I got it 0 Quote Link to comment Share on other sites More sharing options...
Miguel Sanchez Posted March 18, 2020 Share Posted March 18, 2020 18 minutes ago, WATTOO said: No, I was thinking more of, A) That the BBC deem this headline breaking news B) "Heartbreaking" being used to describe a pop concert being cancelled. But if you took something else from it, fair enough. Why shouldn't the cancellation of the biggest music festival in the world be reported on? 0 Quote Link to comment Share on other sites More sharing options...
BawWatchin Posted March 18, 2020 Share Posted March 18, 2020 10 minutes ago, MixuFixit said: I don't mean state pension which is a benefit, I mean occupational pensions which are paid out from returns on investment in equities and bonds. There's nothing inherently bad about government debt provided it can service it & right now while yields are incredibly low they should be piling it on. Yes. But that debt servicing comes at a cost. Usually through austerity measures implemented on the poorest. The yields being low don't change any of that. It only encourages more of it which is bad news for a lot of people. 0 Quote Link to comment Share on other sites More sharing options...
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