That is what our Great Leader is going to do to "regain the confidence of 
the British people."

He is clueless. This Prime Minister had ten years to listen to the people 
before he was "gifted" the premiership. He should have been the most 
prepared Prime Minister ever. Yet 10 months on he says he needs to listen 
and learn.

For ten years we have had to listen to him crowing how his stewardship of 
the economy has been one great success story. Having spent all our money 
so we have the largest budget deficit in the developed world, which means 
we are broke, having taxed us and the seriously poor to the hilt, having 
led a charmed life on stoking a boom on cheap oil and Chinese imports, it 
is now all falling apart. For a man who is always going on about being 
prudent he put no money aside to soften the bad times that anyone with 
half a brain could forecast were coming. So, now he cannot cut taxes to 
regain popularity he looks like a rabbit in the headlights, bewildered, 
and no clue where to run. It is not his fault of course, he has persuaded 
himself it is a "subprime" problem. He is right there, we have a subPrime 
Minister and he should go.

"Not Today"  wrote in message 
news:1rgk8b.5qp.17.1@news.alt.net...
> That is what our Great Leader is going to do to "regain the confidence of 
> the British people."
>
> He is clueless. This Prime Minister had ten years to listen to the people 
> before he was "gifted" the premiership. He should have been the most 
> prepared Prime Minister ever. Yet 10 months on he says he needs to listen 
> and learn.
>
> For ten years we have had to listen to him crowing how his stewardship of 
> the economy has been one great success story. Having spent all our money 
> so we have the largest budget deficit in the developed world, which means 
> we are broke, having taxed us and the seriously poor to the hilt, having 
> led a charmed life on stoking a boom on cheap oil and Chinese imports, it 
> is now all falling apart. For a man who is always going on about being 
> prudent he put no money aside to soften the bad times that anyone with 
> half a brain could forecast were coming. So, now he cannot cut taxes to 
> regain popularity he looks like a rabbit in the headlights, bewildered, 
> and no clue where to run. It is not his fault of course, he has persuaded 
> himself it is a "subprime" problem. He is right there, we have a subPrime 
> Minister and he should go.

I hope you recognise that the 10p tax "rebels" are just diverting attention 
from the real issues. The loss of the 10p band will cost Joe Public about 
£225, say £4 / week. This is dwarfed by the other tax increases- even if you 
don't have a car the tax on fuel will "hit you" far more, not to mention the 
increases in Council Tax etc.

I expect Gordon will announce some "plan" to compensate the low paid for the 
loss of the 10p band and no one will notice the creeping cost of the "Green" 
policies and taxes.

Don't assume the Tories will be any better- they didn't "win" the recent 
round because they've a better approach. They won it because they aren't on 
Gordon's side.
I don't expect Boris, for example, to scrap the congestion charges.

The problem is, all the parties are afraid to do what needs doing- control 
the influx of economic migrants and ensure that the low paid jobs they do 
are done by those currently living on benefits. Stop funding the development 
of the new entrants to the EU and cut foreign aid. Ensure the residual aid 
is spent in a way that also helps the UK. Stop funding the Scottish and 
Welsh assemblies (and their polices) from English tax. Expect the Iraqis to 
fund UK the troops sorting out their problem by paying in oil.

(Oh, and I'm a life long Tory, by the way.)

Brian.

"Not Today"  wrote in message 
news:1rgk8b.5qp.17.1@news.alt.net...
> That is what our Great Leader is going to do to "regain the confidence of 
> the British people."
>
> He is clueless. This Prime Minister had ten years to listen to the people 
> before he was "gifted" the premiership. He should have been the most 
> prepared Prime Minister ever. Yet 10 months on he says he needs to listen 
> and learn.
>
> For ten years we have had to listen to him crowing how his stewardship of 
> the economy has been one great success story. Having spent all our money 
> so we have the largest budget deficit in the developed world, which means 
> we are broke, having taxed us and the seriously poor to the hilt, having 
> led a charmed life on stoking a boom on cheap oil and Chinese imports, it 
> is now all falling apart. For a man who is always going on about being 
> prudent he put no money aside to soften the bad times that anyone with 
> half a brain could forecast were coming. So, now he cannot cut taxes to 
> regain popularity he looks like a rabbit in the headlights, bewildered, 
> and no clue where to run. It is not his fault of course, he has persuaded 
> himself it is a "subprime" problem. He is right there, we have a subPrime 
> Minister and he should go.

hey... i got an idea.  Its a good time to sell gold reserves innit... that 
should put some much needed cash into the economy!!! 


** Posted from http://www.teranews.com **

"Brian Reay" <see@website.invalid> wrote in message 
news:CcgTj.121240$4f4.81754@newsfe6-win.ntli.net...
>
>
> "Not Today"  wrote in message 
> news:1rgk8b.5qp.17.1@news.alt.net...
>> That is what our Great Leader is going to do to "regain the confidence 
>> of the British people."
>>
>> He is clueless. This Prime Minister had ten years to listen to the 
>> people before he was "gifted" the premiership. He should have been the 
>> most prepared Prime Minister ever. Yet 10 months on he says he needs to 
>> listen and learn.
>>
>> For ten years we have had to listen to him crowing how his stewardship 
>> of the economy has been one great success story. Having spent all our 
>> money so we have the largest budget deficit in the developed world, 
>> which means we are broke, having taxed us and the seriously poor to the 
>> hilt, having led a charmed life on stoking a boom on cheap oil and 
>> Chinese imports, it is now all falling apart. For a man who is always 
>> going on about being prudent he put no money aside to soften the bad 
>> times that anyone with half a brain could forecast were coming. So, now 
>> he cannot cut taxes to regain popularity he looks like a rabbit in the 
>> headlights, bewildered, and no clue where to run. It is not his fault 
>> of course, he has persuaded himself it is a "subprime" problem. He is 
>> right there, we have a subPrime Minister and he should go.
>
> I hope you recognise that the 10p tax "rebels" are just diverting 
> attention from the real issues. The loss of the 10p band will cost Joe 
> Public about £225, say £4 / week. This is dwarfed by the other tax 
> increases- even if you don't have a car the tax on fuel will "hit you" 
> far more, not to mention the increases in Council Tax etc.

I think Joe Public recognises that. I heard that little Benn with the 
girls name, Hilary, say at lunchtime that the public recognises the 
"achievements" of the  Labour Government such as low inflation and low 
mortage rates but are worried about the price of food, council tax, fuel 
and heating. Who is he kidding? How can we have low inflation and the 
public worried about prices? The inflation figures are a sham and bear no 
reality to what people spend, and mortgages at present are damn near 
unavailable. No wonder the public is worried.

>
> I expect Gordon will announce some "plan" to compensate the low paid for 
> the loss of the 10p band and no one will notice the creeping cost of the 
> "Green" policies and taxes.
>
> Don't assume the Tories will be any better- they didn't "win" the recent 
> round because they've a better approach. They won it because they aren't 
> on Gordon's side.
> I don't expect Boris, for example, to scrap the congestion charges.

I would not want him to. For without it London's streets would grind to a 
complete halt. There is a case for the congestion charge to be scrapped 
for people who live in London but not people who live outside.

>
> The problem is, all the parties are afraid to do what needs doing- 
> control the influx of economic migrants and ensure that the low paid 
> jobs they do are done by those currently living on benefits. Stop 
> funding the development of the new entrants to the EU and cut foreign 
> aid. Ensure the residual aid is spent in a way that also helps the UK. 
> Stop funding the Scottish and Welsh assemblies (and their polices) from 
> English tax. Expect the Iraqis to fund UK the troops sorting out their 
> problem by paying in oil.
>
> (Oh, and I'm a life long Tory, by the way.)

You forgot our troops in Afghanistan, the 2012 Olympic Games debacle and 
the raid on pensions.

And I am a life long Libertarian.

"The Hatter"  wrote in message 
news:43ae7$481db451$29702@news.teranews.com...

> hey... i got an idea.  Its a good time to sell gold reserves innit... 
> that should put some much needed cash into the economy!!!

It is a good time to sell gold reserves if we were in charge but we are 
not, Gordon is. So he will wait until the price has dropped 50% and then 
sell them! lol

"Not Today"  wrote



mortgages at present are damn near
> unavailable. No wonder the public is worried.


I'm not worried, in fact I think it's fantastic news, it is going to cause 
house prices to drop through the floor

But then I did sell my house five months ago at the height of the boom and 
stuck all the equity into savings accounts...


-- 
Regards, Vince.

Snowdonia trucking POV- http://www.youtube.com/watch?v=t_qusgJlk3M

"Knight Of The Road"  wrote in message 
news:Rf-dnWputb5ybYDVnZ2dneKdnZydnZ2d@bt.com...
>
>
>
>
> "Not Today"  wrote
>
>
>
> mortgages at present are damn near
>> unavailable. No wonder the public is worried.
>
>
> I'm not worried, in fact I think it's fantastic news, it is going to 
> cause house prices to drop through the floor
>
> But then I did sell my house five months ago at the height of the boom 
> and stuck all the equity into savings accounts...
>

And now presumably you are renting a place? Let's assume you had equity of 
£200,000 after you cleared your mortgage. If you are getting 6%, soon to 
fall, then you will get £800/month income if you are a standard rate 
taxpayer and £600 if you are a higher rate taxpayer. That pays the rent.

If you leave it there and miss the bottom of the housing market before you 
buy again then you could lose out big time.

"Not Today"  wrote >


> And now presumably you are renting a place? Let's assume you had equity of 
> £200,000 after you cleared your mortgage. If you are getting 6%, soon to 
> fall, then you will get £800/month income if you are a standard rate 
> taxpayer and £600 if you are a higher rate taxpayer. That pays the rent.
>
> If you leave it there and miss the bottom of the housing market before you 
> buy again then you could lose out big time.


I am renting. Since I moved in I have paid £3150 in rent (6 months @ £525) 
and the house I sold has dropped by 9% in value, which is around £16,000. So 
I have made £13000 so far and we have only just begun.

Don't worry, I spotted the top of the market- I sold at the "M" of "BOOM" 
and I will spot the bottom of the market and will buy again at the "T" of 
"BUST".

Must disagree that interest rates are going to fall- rises towards the end 
of the year are inevitable to control inflation. In any event, bank interest 
rates are moving upwards even when BoE rates are falling.

-- 
Regards, Vince.

Snowdonia trucking POV- http://www.youtube.com/watch?v=t_qusgJlk3M

"Knight Of The Road"  wrote in message
news:hYidncgPr4TGM7nVnZ2dnUVZ8tyqnZ2d@bt.com...
>
>
> "Not Today"  wrote >
>
>
>> And now presumably you are renting a place? Let's assume you had equity
>> of £200,000 after you cleared your mortgage. If you are getting 6%,
>> soon to fall, then you will get £800/month income if you are a standard
>> rate taxpayer and £600 if you are a higher rate taxpayer. That pays the
>> rent.
>>
>> If you leave it there and miss the bottom of the housing market before
>> you buy again then you could lose out big time.
>
>
> I am renting. Since I moved in I have paid £3150 in rent (6 months @
> £525) and the house I sold has dropped by 9% in value, which is around
> £16,000. So I have made £13000 so far and we have only just begun.
>
> Don't worry, I spotted the top of the market- I sold at the "M" of
> "BOOM" and I will spot the bottom of the market and will buy again at
> the "T" of "BUST".

You think I am going to worry?
You must be very shrewd and wise. How do you know when the market is at
the bottom? You will only know that when it has started going up again.

> Must disagree that interest rates are going to fall- rises towards the
> end of the year are inevitable to control inflation. In any event, bank
> interest rates are moving upwards even when BoE rates are falling.

That depends on where you think we are in the overall pattern of things.
LIBOR has increased but most saving account rates have already fallen this
year. Some say that we are due a dose of deflation. If that happens
interests rates can fall to zero, as they did in Japan, and prices still
keep falling. If we are at the end of a 60 year cycle modern experience
will count for nothing.

"Not Today"  wrote

 Some say that we are due a dose of deflation.



Not Mervyn King though.


-- 
Regards, Vince.

Harry Monk's Long Distance Diary-

http://trucknetuk.com/phpBB2/viewtopic.php?t=31071

"Not Today"  wrote


> You must be very shrewd and wise. How do you know when the market is at
> the bottom?




When that black bloke riding the swan starts singing about mortgages again 
instead of savings accounts ;-)



-- 
Regards, Vince.

Harry Monk's Long Distance Diary-

http://trucknetuk.com/phpBB2/viewtopic.php?t=31071

"Knight Of The Road"  wrote in message 
news:59CdnaeZH8rperDVnZ2dnUVZ8srinZ2d@bt.com...
> "Not Today"  wrote
>
>
>> You must be very shrewd and wise. How do you know when the market is at
>> the bottom?
>
>
>
>
> When that black bloke riding the swan starts singing about mortgages again 
> instead of savings accounts ;-)

time to buy another house then ..... 


** Posted from http://www.teranews.com **

"Knight Of The Road"  wrote in message
news:zoSdnfrwsp4GWLDVnZ2dnUVZ8uWdnZ2d@bt.com...
>>
>>
>>
>>
>> "Not Today"  wrote
>>
> >Some say that we are due a dose of deflation.
>>
>>
>>
> Not Mervyn King though.

And he knows what? Is he not the guy, together with his cohorts Eddie
George and Gordon Brown, who created a completely false sense of wealth
encouraging people to spend well beyond their means by drawing money from
their homes and frittering it away?

Is he not also the guy who lured people into crippling personal debt with
artificially low interest rates based on low oil prices and cheap imports
which were never going to last for long? Personal debt that is now a
terrifying £1.3 trillion, up 137% since 1993 and greater than the UK's GDP
for the very first time.

Is he not also the guy who presided over a financial bubble that made the
greedy rich at our expense and now we are the ones who have to pay for his
incompetence.

Is he not also the guy who spoke not one word of criticism when Brown was
spending money like it belonged to somebody else, and it did, us!, such 
that none was put by to help us over the bad times which all of us with an 
IQ >80 knew were
coming.

People like him do not deserve to be taken seriously.

"Not Today"  wrote

>  Is he not the guy, together with his cohorts Eddie
> George and Gordon Brown, who created a completely false sense of wealth
> encouraging people to spend well beyond their means by drawing money from
> their homes and frittering it away?





No, I think you are getting a little confused here. Mervyn King is the 
Governor of the Bank of England, not a politician.



-- 
Regards, Vince.

Harry Monk's Long Distance Diary-

http://trucknetuk.com/phpBB2/viewtopic.php?t=31071

"Knight Of The Road"  wrote in message 
news:yuCdnZm8E4USwLLVRVnyhAA@bt.com...
> "Not Today"  wrote
>
>>  Is he not the guy, together with his cohorts Eddie
>> George and Gordon Brown, who created a completely false sense of wealth
>> encouraging people to spend well beyond their means by drawing money 
>> from
>> their homes and frittering it away?
>
>
>
>
>
> No, I think you are getting a little confused here. Mervyn King is the 
> Governor of the Bank of England, not a politician.

And you have lost the plot. Eddie George was his predecessor at the BoE 
and King was his deputy. Brown gave them their jobs. You'd better wise up 
as to what is going on or you are going to lose a lot of money.

"Not Today"  wrote >

 You'd better wise up
> as to what is going on or you are going to lose a lot of money.




Well, even in these diffficult times I have been banking about £4000 a month 
from speculation for the last six months on top of my truck driving wages 
but I'm always willing to learn so please feel free to expand.


-- 
Regards, Vince.

Harry Monk's Long Distance Diary-

http://trucknetuk.com/phpBB2/viewtopic.php?t=31071

"Knight Of The Road"  wrote in message
news:Sc-dnUtx0Jp49rLVnZ2dnUVZ8sninZ2d@bt.com...
> "Not Today"  wrote >
>
> You'd better wise up
>> as to what is going on or you are going to lose a lot of money.
>
>
>
>
> Well, even in these diffficult times I have been banking about £4000 a
> month from speculation for the last six months on top of my truck
> driving wages but I'm always willing to learn so please feel free to
> expand.

If you are "banking" £4000 net a month from the proceeds of selling your
house then I am the one who would like to learn how you do it.

Your figures do not add up. From what you have previously posted you sold
your house for £177,000 and are now renting at £525 per month. The house
you sold has dropped £16,000 in price.
Assuming the best case, you had no mortgage and therefore all the £177k is
available to invest, the best saving's rate available is 6.5% p.a
which will produce an income after tax at 20% (if 40% then correspondingly
lower) of £767 per month. Your net bankable profit is therefore £242 per
month. That is the most optimistic case. If you had a mortgage, are not
getting 6.5%, and are a 40% tax payer you may not even be breaking even.

If you are  factoring your paper profit of £16,000 into your figures then
that is dodgy accounting as you will only know how much profit you have
made when you buy another house.

In your calculations you have assumed house prices will go up again.
History tell us that is not always the case, there have been periods when
house prices were stagnant for 20 years or so. If that happens, interest
rates will fall and what looks like a good deal now may well turn out to
be a disaster.

The moral of this little tale is it is not wise to speculate on your home,
it is for living in. You probably will make money but there is a finite
probability you could lose a lot.

"Not Today"  wrote in message 
news:1srln5.d6g.19.1@news.alt.net...
>
> "Knight Of The Road"  wrote in message
> news:Sc-dnUtx0Jp49rLVnZ2dnUVZ8sninZ2d@bt.com...
>> "Not Today"  wrote >
>>
>> You'd better wise up
>>> as to what is going on or you are going to lose a lot of money.
>>
>>
>>
>>
>> Well, even in these diffficult times I have been banking about £4000 a
>> month from speculation for the last six months on top of my truck
>> driving wages but I'm always willing to learn so please feel free to
>> expand.
>
> If you are "banking" £4000 net a month from the proceeds of selling your
> house then I am the one who would like to learn how you do it.
>
> Your figures do not add up. From what you have previously posted you sold
> your house for £177,000 and are now renting at £525 per month. The house
> you sold has dropped £16,000 in price.
> Assuming the best case, you had no mortgage and therefore all the £177k is
> available to invest, the best saving's rate available is 6.5% p.a
> which will produce an income after tax at 20% (if 40% then correspondingly
> lower) of £767 per month. Your net bankable profit is therefore £242 per
> month. That is the most optimistic case. If you had a mortgage, are not
> getting 6.5%, and are a 40% tax payer you may not even be breaking even.
>
> If you are  factoring your paper profit of £16,000 into your figures then
> that is dodgy accounting as you will only know how much profit you have
> made when you buy another house.
>
> In your calculations you have assumed house prices will go up again.
> History tell us that is not always the case, there have been periods when
> house prices were stagnant for 20 years or so. If that happens, interest
> rates will fall and what looks like a good deal now may well turn out to
> be a disaster.
>
> The moral of this little tale is it is not wise to speculate on your home,
> it is for living in. You probably will make money but there is a finite
> probability you could lose a lot.

unless he made £1.2million from the sale... how do you know he didn't live 
in Chelsea? 


** Posted from http://www.teranews.com **

"The Hatter"  wrote in message
news:efca2$4835f0d4$27314@news.teranews.com...
>

>
> unless he made £1.2million from the sale... how do you know he didn't
> live in Chelsea?

Because he posted he sold his house for £177,000. You cannot buy a garage
in Chelsea for that!

"Not Today"  wrote in message 
news:1t3tfs.eq3.17.1@news.alt.net...
>
> "The Hatter"  wrote in message
> news:efca2$4835f0d4$27314@news.teranews.com...
>>
>
>>
>> unless he made £1.2million from the sale... how do you know he didn't
>> live in Chelsea?
>
> Because he posted he sold his house for £177,000. You cannot buy a garage
> in Chelsea for that!

lol, ok, good point well made. 


** Posted from http://www.teranews.com **

"Knight Of The Road"  wrote in message 
news:Sc-dnUtx0Jp49rLVnZ2dnUVZ8sninZ2d@bt.com...
> "Not Today"  wrote >
>
> You'd better wise up
>> as to what is going on or you are going to lose a lot of money.
>
>
>
>
> Well, even in these diffficult times I have been banking about £4000 a 
> month from speculation for the last six months on top of my truck 
> driving wages but I'm always willing to learn so please feel free to 
> expand.
>

You should have bought a house in Florida last year and sold it six months 
ago. They are down 50% now! When this sinks in to Wall Street and The City 
cash will be the only thing to have. The question will then be, where to 
put it? Under the bed will probably be the best bet.