- Location
- Owaka, New Zealand
Well at least the eggs are found - there's a start of oneshould have known no bloody cake
Well at least the eggs are found - there's a start of oneshould have known no bloody cake
In 1978 Jim Callaghan warned the labour unions, again and again, that failure to carry on supporting his (largely successful) prices/incomes policy to defeat inflation would cause chaos, and allow back into power the very Party that had caused that ruinous inflation in the first place. No one was listening.
Alongside the developed world's lowest literacy rate, the UK has one of the poorest political spheres: low levels of interest in political analysis, low calibre MPs, and a declining ability of the English ruling classes to differentiate between self interest and the national interest.
'You get the politicians you deserve.' (Socrates)
Today, no one is listening to the case for interest rates to revert to their mean - 5% base.
Yet the Fed wants it, and the Bank of England (probably the only context in which I can mention 'England' without being howled at by over-sensitive English reactionaries) wants it - the obvious political and economic costs of suppressing the cost of money now outweigh its benefits. The law of diminishing returns, and all that.
This should be alarming UK farmers, but it is not - people don't want concepts that require them to think too much about abstracts. They want the thinking equivalent of comfort eating: raising rates will damage the economy, ergo it won't happen.
So, like luckless Farmer Jim, you can tell people that interest rate rises are likely but you can't inform them.
Instead, people invent reasons why it can't happen.
But here's one reason that guarantees that it will - 'inflation'.
It's interesting that people can genuinely believe this simple smear; it's because it fits with what they want to believe (the point of this OP) rather than the objective - and rather more complicated - reality.
The Treaty of Rome predates my birth, the EU has been established for 65 years, and has potential members queuing to join. There is no evidence that it 'will fall apart' yet people wish it to.
There is greater evidence that the UK will fall apart - both N Ireland and Scotland are mutinous, and Wales isn't particularly happy either at the standard of UK governance.
There is an interesting counter-argument that the political class that it, actually, both corrupt and incompetent is the English one, rather than the European one. If that is so (and there is some evidence to support it) then we are all in rather serious trouble.
Sadly, some Welshmen have just never got over being conquered by the English, and remain full of spite and venom. Personally, I blame the Normans for everything.
It's an interesting point - back in the 1970's the UK had an inflation problem all of its own: it's the origin of the descriptor 'the Sick Man of Europe'. (Apologies to all those who already are perfectly aware of recent history).Gentleman jim may have been right 40years ago but it is questionable if the policy would work effectively today with our industrial base having been eroded .
Not at all; your point simply displays how little you understand my country (much like the guy who visited Pembrokeshire, once, and thought it looked like England - despite North Pembrokeshire being a Welsh heartland).I can't help but think that it must really eat old Walt up inside that his own "people" voted "leave"
It must be a pain that never lessens
Not at all; your point simply displays how little you understand my country (much like the guy who visited Pembrokeshire, once, and thought it looked like England - despite North Pembrokeshire being a Welsh heartland).
Wales was the most marginal 'leave' vote in the referendum, just as the West Midlands was the largest. Here is an electoral map of EP constituencies which explains, better than any words, why that might be: the purple is UKIP, green is Plaid. The country is split down the middle.
View attachment 682836
whats the red and blue ?Not at all; your point simply displays how little you understand my country (much like the guy who visited Pembrokeshire, once, and thought it looked like England - despite North Pembrokeshire being a Welsh heartland).
Wales was the most marginal 'leave' vote in the referendum, just as the West Midlands was the largest. Here is an electoral map of EP constituencies which explains, better than any words, why that might be: the purple is UKIP, green is Plaid. The country is split down the middle.
View attachment 682836
There is no house price inflation up here, probably down if anyhting, not easy to tell with land because we have our own version of Dyson in the Penrith area, what our man doesn't buy is slow to shift, machinery is only dear if you buy new, plenty of cheap 'pre loved' stuff about.Agreed. An underperforming real economy with an over supply of money can only lead to inflation.
It's here already in land, house and machinery prices. Commodities are beginning to catch up.
I went into an electrical wholesaler shop for some components and for first time in years I thought to myself that the parts were expensive.
Some kind of correction is imminent.
[QUOTE="Walterp, post: 5203654
This suggests to me that simple narratives - even if painful and damaging - are easier to convey (and to execute) than more complicated ones.
What is never often quoted is the massive corruption within Brussels. There is at least one book on it and a lot of individual articles. The place is a swamp run by swamp donkeys and we need out.
Various other EU countries will join us in market based agreements as when they no longer have our money and in fact are close to not getting the 48 billion ransom the whole edifice will fall apart.
What proportion of British MEP’s are from UKIP? The vast majority of them by the sound of it.Whilst I don't believe the EU to be any more or less corrupt than most governments, our lack of representation must lie with the apathy of the British public. They have allowed the UK to be represented in Europe by a bunch of freeloading wasters namely UKIP who have done (and openly brag about it) absolutely nothing to represent the interests of the UK or it's people.
Whilst I don't believe the EU to be any more or less corrupt than most governments, our lack of representation must lie with the apathy of the British public. They have allowed the UK to be represented in Europe by a bunch of freeloading wasters namely UKIP who have done (and openly brag about it) absolutely nothing to represent the interests of the UK or it's people.
Whilst I don't believe the EU to be any more or less corrupt than most governments, our lack of representation must lie with the apathy of the British public. They have allowed the UK to be represented in Europe by a bunch of freeloading wasters namely UKIP who have done (and openly brag about it) absolutely nothing to represent the interests of the UK or it's people.
Go on then.
Tell us what they should do for us, who reside in the UK and who cast more votes for them than any other party in a democratic election?
Was that another one you lost?
Go on then.
Tell us what they should do for us, who reside in the UK and who cast more votes for them than any other party in a democratic election?
Was that another one you lost?
whats the red and blue ?