Observations Posted July 26, 2022 Share Posted July 26, 2022 IMF says global economy is heading towards recession. I recall the IMF saying spend, spend, spend. (Using the triple word slogan) You notice these things when you know you're being set up / stitched up. I thought borrowing was cheap ... and we might never have to pay it back Quote Link to comment Share on other sites More sharing options...
Morpheus Posted July 26, 2022 Share Posted July 26, 2022 20 minutes ago, Observations said: IMF says global economy is heading towards recession. I recall the IMF saying spend, spend, spend. (Using the triple word slogan) You notice these things when you know you're being set up / stitched up. I thought borrowing was cheap ... and we might never have to pay it back I believe they've refused to define a recession..... Go figure. 1 1 Quote Link to comment Share on other sites More sharing options...
Saved Posted July 26, 2022 Share Posted July 26, 2022 Jib jab or just lost the will to live listening to that psychotic moron? Quote Link to comment Share on other sites More sharing options...
Observations Posted July 26, 2022 Share Posted July 26, 2022 Sharon Davies on outrage at Stonewall's 'trans 2-year olds' Sharon said if she used the language online that is used on her, the police would be knocking at her door. Hmm, the cynic in me says why not slip in there that the abuse is coming from above. She also mentioned possibly having to take legal action, which also seems to play into the system? I've been meaning to look at what she's been saying as I thought at a glance that at least someone is saying something? I might get around to it. Quote Link to comment Share on other sites More sharing options...
Observations Posted July 26, 2022 Share Posted July 26, 2022 53 minutes ago, Saved said: Jib jab or just lost the will to live listening to that psychotic moron? Maybe Rishi offered to buy her a drink I'm laughing at my own jokes now, bloody hell 1 Quote Link to comment Share on other sites More sharing options...
KingKitty Posted July 26, 2022 Share Posted July 26, 2022 58 minutes ago, Morpheus said: I believe they've refused to define a recession..... Go figure. It's actually being "redefined", as was the definition of a vaccine. 3 Quote Link to comment Share on other sites More sharing options...
Campion Posted July 26, 2022 Share Posted July 26, 2022 (edited) 1 hour ago, Observations said: I still find it remarkable to actually hear him say with a straight face that there's no more money, and that our children's children will be paying the debt (paraphrasing) Is anyone writing this script down?! The outward explanation is that politicians take a short-term view of debt because paying it back will be someone else's problem, and in any case western govts have a good credit rating with the banks so don't have a problem building up eye-watering levels of debt. Then if you have inflation higher than the interest rate of the debt it effectively reduces the debt (rather like when you have house prices increasing faster than the interest on your mortgage). It also brings in more tax. So, heavily indebted govts like high inflation; it's seen as part of the economic cycle of boom and bust. An inner explanation is that the direction of travel is to use the debt levels, inflation and interest rates to transfer wealth from the middle classes to the banks and large corporations such as oil companies. Edited July 26, 2022 by Campion Quote Link to comment Share on other sites More sharing options...
Observations Posted July 26, 2022 Share Posted July 26, 2022 (edited) Rishi; "I don't think there was ever any doubt that we would have to pay for that, so who's going to pick up the bill" Interesting that they can use the 'debate' to promote the payback. I often noticed the government and the media warning of the danger of loan sharks, while following the advice of the IMF to "spend, spend, spend" (on what), to shaft the country and fast forward the 'once in a century, waste no opportunity, 'reset'. Do these modern state sponsored loan sharks knock down your door, or lock you indoors? Edited July 26, 2022 by Observations Quote Link to comment Share on other sites More sharing options...
factJack Posted July 26, 2022 Share Posted July 26, 2022 3 hours ago, Grumpy Owl said: These Reach journalists are just ghouls and only interested in providing click-bait for their employers. They wouldn't know how to do any kind of 'investigation' into what was really going on. Because you wouldn't get any straight answer from the police either. The "local" journos are not even based in the city. I believe they have a building somewhere like Newport Wales which the "hacks" write copy for local newspapers all over the country. This is why most of the articles are based on people posting on twitter. The Birmingham local newspaper is probably sat next to the liverpool echo guy in the same room. 2 Quote Link to comment Share on other sites More sharing options...
Anti Facts Sir Posted July 27, 2022 Share Posted July 27, 2022 4 hours ago, Observations said: IMF says global economy is heading towards recession. I recall the IMF saying spend, spend, spend. (Using the triple word slogan) IMF always make me think of this. Jim Phelps and his portfolio of agents. Good luck, Jim....this message will self-destruct in the usual manner. 1 Quote Link to comment Share on other sites More sharing options...
Macnamara Posted July 27, 2022 Share Posted July 27, 2022 11 hours ago, Observations said: I recall the IMF saying spend, spend, spend. (Using the triple word slogan) I thought borrowing was cheap ... That's called 'the business cycle': the central banks make credit plentiful so that people borrow to start businesses and buy homes and cars and then the central banks restrict the money supply leaving people unable to service their loans. People then go 'broke' and the banks repossess all of their goods and hoover up all of their businesses and assets for pennies on the dollar Its like shearing sheep and they do it every generation or so and people never learn 3 Quote Link to comment Share on other sites More sharing options...
sickofallthebollocks Posted July 27, 2022 Share Posted July 27, 2022 More bank closures from wrong-doers lloyds and halifax (they're all wrong-doers) Stating that; Our customers have more choice than ever in how they bank with us, as our customers do more online. https://www.aol.co.uk/news/lloyds-set-close-66-more-073416114.html Quote Link to comment Share on other sites More sharing options...
Tinfoil Hat Posted July 27, 2022 Share Posted July 27, 2022 How exactly do these jokers expect you to visit in person when they are only open during the hours many people are out at work! Quote Link to comment Share on other sites More sharing options...
Doc Posted July 27, 2022 Share Posted July 27, 2022 Sun poisoning???? Anyone?? https://www.thesun.ie/fabulous/9153804/face-doubled-sun-poisoning-sloth-goonies/ 1 1 1 Quote Link to comment Share on other sites More sharing options...
Tinfoil Hat Posted July 27, 2022 Share Posted July 27, 2022 Yes but it's the moon poisoning that's the killer! It's made of green cheese did you know? 2 Quote Link to comment Share on other sites More sharing options...
EnigmaticWorld Posted July 27, 2022 Share Posted July 27, 2022 Driver fleeing crash scene thwarted by 'emu attack' in Wiltshire field https://www.itv.com/news/westcountry/2022-07-26/driver-fleeing-crash-scene-thwarted-by-emu-attack 2 Quote Link to comment Share on other sites More sharing options...
zarkov Posted July 27, 2022 Share Posted July 27, 2022 Gratifying to observe. "BBC? NO THANK YOU!" - DUTCH PROTESTER TELLS THE BRITISH NETWORK TO 'F*CK OFF!' https://www.bitchute.com/video/l3EWE5Ifu5JU/ 2 1 Quote Link to comment Share on other sites More sharing options...
Grumpy Owl Posted July 27, 2022 Share Posted July 27, 2022 Its not nice that someone has lost their life, but seriously, social media like TikTok is just making people 'dumb'. TikTok: Teacher died in Snowdon fall looking for beauty spot Quote A teacher died in a 150ft fall after getting lost with her partner trying to find a beauty spot pool on Snowdon she had seen on TikTok, an inquest heard. Victoria Luck, a special needs teacher and mother-of-two from Wolverhampton, died on 19 December 2021. The 47-year-old and her partner Matthew Radnor were walking their dog on Crib Goch ridge in search of an "infinity pool" they had seen on the app. The coroner at Caernarfon recorded a conclusion of misadventure. Ms Luck and Mr Richard booked a hotel in Betws-y-Coed, Gwynedd with the intention of hiking to a beauty spot publicised on social media, the inquest was told. From: https://www.bbc.co.uk/news/uk-wales-62322712 An 'infinity pool'? On Snowdon? Really? You'd think a 47 year old teacher would know better? Quote Assistant coroner for north-west Wales, Sarah Riley, said the couple had not followed a known route down Crib Goch and did not have a map. I've walked up Snowdon in my youth, and you can't just turn up in your sandals or plimsolls, and you really should prepare and know what to expect. Its not the same as having a stroll around the Lickey Hills. Smart phones make dumb people. 4 Quote Link to comment Share on other sites More sharing options...
Nemuri Kyoshiro Posted July 27, 2022 Share Posted July 27, 2022 A Japanese city is under attack by monkeys. Apparently, the animals are targeting children and the elderly and this is causing great consternation among the inhabitants of Yamaguchi. Time to dust of the family katana and start taking heads. https://apnews.com/article/japan-monkey-attacks-97f8e316daa48d6f5a6fb43632d1353e Quote Link to comment Share on other sites More sharing options...
Nemuri Kyoshiro Posted July 27, 2022 Share Posted July 27, 2022 Another one from the crazy files. Apparently, Kia cars can be started with a USB cable (who knew?). As part of a tik-tok challenge, An 11 year old kid in Washing DC did just that and ran over a 7-year-old. https://www.fox5dc.com/news/7-year-old-boy-in-serious-condition-after-hit-and-run-crash-in-dc?taid=62e00ebcfcad21000137f73 1 Quote Link to comment Share on other sites More sharing options...
Nemuri Kyoshiro Posted July 27, 2022 Share Posted July 27, 2022 Just got this in my email. Trump is getting desperate... Donald Trump Jr. <[email protected]> 11:46 (3 hours ago) Friend, I just couldn’t wait any longer to tell you this EXCITING NEWS. MY FATHER JUST RELEASED OFFICIAL TRUMP-EDITION GOLF BALLS. This one-of-a-kind, collector’s item is already FLYING off our shelves, however, President Trump and I want to make sure they go to someone who is a TRUE Trump patriot, like YOU. We have NEVER released Trump-edition Golf balls, and we may never do it again. Once they’re sold out, they’re gone for GOOD. Please contribute $30 or MORE IMMEDIATELY to claim your own TRUMP-EDITION GOLF BALLS that my father designed. >> 1 Quote Link to comment Share on other sites More sharing options...
Campion Posted July 27, 2022 Share Posted July 27, 2022 (edited) 12 hours ago, Macnamara said: That's called 'the business cycle': the central banks make credit plentiful so that people borrow to start businesses and buy homes and cars and then the central banks restrict the money supply leaving people unable to service their loans. People then go 'broke' and the banks repossess all of their goods and hoover up all of their businesses and assets for pennies on the dollar Its like shearing sheep and they do it every generation or so and people never learn Debt levels are quite a good indicator of where we are in the "business cycle" (ie greed vs fear, bull vs bear cycle) and I wouldn't really advise entering the stock market without researching it. I don't understand though, if this is such a good racket for the banks, why don't govts get in on it and start lending, at least to hedge all their borrowing. Same with property, what's to stop councils buying up homes on the open market to rent out, rather than only having to build whole estates ? But maybe that ship has sailed as prices have spiralled upwards. Edited July 27, 2022 by Campion Quote Link to comment Share on other sites More sharing options...
Grumpy Owl Posted July 27, 2022 Share Posted July 27, 2022 39 minutes ago, Nemuri Kyoshiro said: Another one from the crazy files. Apparently, Kia cars can be started with a USB cable (who knew?). As part of a tik-tok challenge, An 11 year old kid in Washing DC did just that and ran over a 7-year-old. See my post above. TikTok is now the major contributor towards "natural selection". 2 1 Quote Link to comment Share on other sites More sharing options...
Macnamara Posted July 27, 2022 Share Posted July 27, 2022 20 minutes ago, Campion said: I don't understand though, if this is such a good racket for the banks, why don't govts get in on it and start lending, at least to hedge all their borrowing. governments ARE in on it. They are in cahoots with the central banks. The problem is that the governments are completely captured by the central banks Governments can spend by either taxing us or by printing more currency which then leads to inflation which is a stealth tax. Prices are rising at the moment because the government is printing currency leading to inflation 20 minutes ago, Campion said: Same with property, what's to stop councils buying up homes on the open market to rent out, rather than only having to build whole estates ? But maybe that ship has sailed as prices have spiralled upwards. councils ARE involved in dodgy investments. The extent of that became apparent in 2008 when we found out the various ways councils were investing large sums of money 1 Quote Link to comment Share on other sites More sharing options...
Macnamara Posted July 27, 2022 Share Posted July 27, 2022 1 hour ago, Grumpy Owl said: Its not nice that someone has lost their life, but seriously, social media like TikTok is just making people 'dumb'. TikTok: Teacher died in Snowdon fall looking for beauty spot wow it takes some doing to fall off Crib Goch. That's an easy scramble Quote Link to comment Share on other sites More sharing options...
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