Monday, 19 January 2009

How fucked are we?

From Mrs Dale (who thinks I am a "revolting piece of scum")


"With the amount of red ink in the UK budget deficit next year, together with the amount of new liabilities the taxpayer is having to underwrite, we look like Iceland-on-Thames. The open question is whether we can get through this without a loan from the IMF."


20 comments:

Anonymous said...

No chance. We are fucked and will be for years to come.

Why don't they allow one bank to hit to the wall. It is the old saying 'no pain no gain'and while the tax payer keeps paying for their fuck ups they will continue to fuck up.

Old Holborn said...

"Why don't they allow one bank to hit to the wall"

Where do you think New Labour gets it's money from? They have a VERY large overdraft and the UK is in SO much debt.

The money lenders, as ever, have us all by the bollocks. Saver or borrower, they own us.

To quote Rothschild (Mandy? Yacht?)

"I care not what puppet is placed on the throne of England to rule the Empire, ...
The man that controls Britain's money supply controls the British Empire.
And I control the money supply.''

Fidothedog said...

Maybe it was Mrs Dales time of the month?

Mark Wadsworth said...

We are very fucked. But look on the bright side, Call Me Dave is going to slash government spending to 99% of what Labour were going to spend.

polaris said...

'Call Me Dave is going to slash government spending to 99%'

And I personally will be the first woman to swallow a piano, whole...

Will Hutton has finally found his bollocks again...

Contessa Fantana said...

With the boy Obama being crowned tomorrow I have been re-reading FDR's inaugural speech. There's a passage in the middle which seems rather apt:-

'Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.

True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.'

polaris said...

Iain Dale may think you are a "revolting piece of scum", but he deleted my posts and told me not to darken his hole (blog) again!

Liberal conservative - yeah right, as bad as Gorgon's gang...

Daisy said...

i would love to make some kind of positive comment like "it's going to work out" or some shit but to be honest it's happening on both sides of the pond and all i see is water at eye level...

marksany said...

Since I found out that Obama is not from krypton (thanks MW), I'd say we are fucked all the way to 11.

wv: bawdle

Fucking Delicious! said...

Get ready for the BIG Abama wankfest, 20 million black cocks throbbing in unison. The Messiah has finally arrived to save the Universe.

Fucking Delicious!

Fucking Delicious! said...

Get ready for the BIG Abama wankfest, 20 million black cocks throbbing in unison. The Messiah has finally arrived to save the Universe.

Fucking Delicious!

Anonymous said...

OH
I understand and can see where you are coming from and it is a difficult situation. But why should you and I and pick up the,to use new labour speak,toxic debt.

If is bollocks to call it a toxic debt the wankers runnig the stock market and banks fucked up. So let the them crash and burn, we are fucked if we, the tax payer pays up and we would be fucked if they crashed and burned. So let the wankers crash and burn. No pain no gain.

Kerry McCarthy's arse said...

But you are a revolting piece of scum...

Mark Wadsworth said...

I'm glad Marksany mentioned that. 37% of people believe that Obama was born on Planet Krypton. Which rules him out of being US President as that's not natural born. It's a fictitious planet after all.

Old Holborn said...

Just picked this up from an anonymong at Guido

"My advice is a tax and spending STRIKE, which would hit the cunts in the only place that gives them real pain. Simply refuse to co-operate with the system and it will collapse within a month.

Give up work, don't even bother to wait to get the sack. Just tell the cunts to fuck off, and sign on for a nice long holiday on the state. Spend some time with the kids. Buy a paper bag, and start shagging the misses again. Take that trip to India you always promised yourself. Spend more time with your parents, before the government gives them a deadly virus.

You get the picture.

If you dont earn anything, they can not tax or steal it ANYMORE. Not even Gordon Brown has worked out how to tax non production, or playing with the kids."

Assuming the money lenders don't own your arse, i'd call that excellent advice.

You have ONE life, it may end tomorrow, no one knows.

So fucking live it. Your ancestors may be watching. And laughing.

electro-kevin said...

I asked my MP to vote against on Thursday.

Perhaps everyone here should too.

marksany said...

Fictitious! What do you mean?

Bloody hell. Wadsworth - are you trying to take everything that is good away from me?

Next you'll tell me my RBS shares aren't worth anything.


wv: janeless - that one made Tarzan cry

Anonymous said...

Give up work, don't even bother to wait to get the sack. Just tell the cunts to fuck off, and sign on for a nice long holiday on the state.

Can't sign on if you give up work mate. If you wanna live like chav scum make sure you know the rules of the game first.

Anonymous said...

A loan from the IMF is the plan.

Anonymous said...

Beat the bugger up that started the ball rolling.
Payback the Presidency?

Why it truly is Barack Obama's subprime mortgage mess

Nov 13, 2008
By Cynthia Walker
Truthfully, I wish that I could hibernate between now and Nov. 4. I am so sick of political hysteria. But duty calls. Way back in the summer of 2007, as the number of subprime foreclosures began to mount, my editor asked, "What happened? Who loosened what regulations to make this possible?" The answers have been coming in.The best synopsis of the history of "Why the Mortgage Crisis Happened" is a 7,344-word piece by M. Jay Wells published Oct. 26, 2008 on www.americanthinker.com. It is a story of how the federal government has been taking more and more control of the housing market, starting in the '30's with the establishment of Fannie Mae, the Federal National Mortgage Association. In 1968, as part of his Great Society reform, President Lyndon Johnson turned much of Fannie Mae into a government sponsored enterprise (GSE) with the authority to issue mortgage backed securities (MBS). Control, power, and money were concentrated.

All that concentrated money looked invulnerable. To share the wealth, Sen. Proxmire (Democrat) introduced a bill which was signed into law in 1977 by President Jimmy Carter, the Community Reinvestment Act (CRA), to encourage banks to make homeownership loans in underserved (poor and minority) communities. Encouragement was one thing, but banks were understandably reluctant to make loans to people with bad credit.

During the '80's radical groups such as ACORN began to pressure to reshape the CRA, to not just encourage but to force banks to make loans to people with bad credit, all in the name of anti-discrimination. During the '90's community organizer Barack Hussein Obama worked closely with ACORN, teaching the intimidation tactics of "direct action:" crowding bank lobbies, blocking drive-up teller lanes, demonstrating at the homes of bankers, telling the media that bankers who refused to make loans to people with bad credit were racists.

Agitators, including Barack Obama with ACORN, filed complaints of non-compliance and lawsuits against banks that adhered to safe loan policies. The banks caved. Credit standards were lowered. GSEs (Fannie Mae and Freddie Mac) were instructed by the Clinton administration to increase the percentage of risky loans in their portfolios.

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