King Of Paisley Posted September 26, 2022 Share Posted September 26, 2022 22 minutes ago, Malcolm said: Well the day of reckoning is finally here…. A triple whammy. energy prices through the roof mortgages about to skyrocket…. I mean some peoples payment will quadruple when they come of fixed imported goods (which is most things nowadays) about to skyrocket dont see the safety nets… those struggling already are fucked… those who are just about managing will find real hardship ahead and those that think they are comfortable now will be scraping by. bleak. You must be entertaining at dinner parties... Quote Link to comment Share on other sites More sharing options...
Malcolm Posted September 26, 2022 Share Posted September 26, 2022 Just now, King Of Paisley said: You must be entertaining at dinner parties... very! Asset bubbles always come to an end. Keep printing money and you put off the day of reckoning but it becomes more painful. In the US there is something like $250k worth of debt per head. global economic collapse would not be pretty. Quote Link to comment Share on other sites More sharing options...
ger intae them Posted September 26, 2022 Share Posted September 26, 2022 Devious bastard selfish tories. They’ve caused the tanking. Put the shits right up the markets. May be short-term ….. hopefully, but either way blatant mismanagement for individual gain…….. here comes the rebellion ….. I hope. Quote Link to comment Share on other sites More sharing options...
Malcolm Posted September 26, 2022 Share Posted September 26, 2022 I fail to see why it’s in anyones interest to short the pound. Quote Link to comment Share on other sites More sharing options...
aaid Posted September 27, 2022 Share Posted September 27, 2022 12 hours ago, Malcolm said: I fail to see why it’s in anyones interest to short the pound. You obviously don’t work for a hedge fund then Quote Link to comment Share on other sites More sharing options...
Malcolm Posted September 27, 2022 Share Posted September 27, 2022 1 minute ago, aaid said: You obviously don’t work for a hedge fund then I certainly don’t. Of course I understand the concept of short selling, but it’s in nobody’s long term interest. I can’t believe that this type of blatant market manipulation exists. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted September 27, 2022 Share Posted September 27, 2022 16 minutes ago, Malcolm said: I certainly don’t. Of course I understand the concept of short selling, but it’s in nobody’s long term interest. I can’t believe that this type of blatant market manipulation exists. Tories being Tories. They'll not care, most their assets will be offshore so if it goes Pete Tong, then they are sound. Quote Link to comment Share on other sites More sharing options...
scotlad Posted September 27, 2022 Share Posted September 27, 2022 3 hours ago, Squirrelhumper said: Tories being Tories. They'll not care, most their assets will be offshore so if it goes Pete Tong, then they are sound. Apparently certain members of the government moved their assets from sterling into euros and dollars shortly before the "fiscal event". Kerching!!! Quote Link to comment Share on other sites More sharing options...
Ally Bongo Posted September 27, 2022 Share Posted September 27, 2022 Has there been any point in British Labour's conference where they haven't been talking about not working with the SNP ? Quote Link to comment Share on other sites More sharing options...
Toepoke Posted September 27, 2022 Share Posted September 27, 2022 25 minutes ago, Ally Bongo said: Has there been any point in British Labour's conference where they haven't been talking about not working with the SNP ? Absolutely terrified of the "coalition of chaos" headlines... Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted September 27, 2022 Share Posted September 27, 2022 59 minutes ago, Ally Bongo said: Has there been any point in British Labour's conference where they haven't been talking about not working with the SNP ? It's like a BNP rally. Quote Link to comment Share on other sites More sharing options...
Hertsscot Posted September 28, 2022 Share Posted September 28, 2022 So, Labour have suspended Rupa Huq for calling Kwasi Kwarteng 'superficially black'. It's not the smartest of comments but she has a point. A number of Tory MPs from ethnic minorities attended elite schools and/or have been parachuted into very white middle class affluent areas. A prime example of that is Kemi Badenoch, I taught in her constituency for nearly 30 years and our largest ethnic group of students were a handful of Nepalese kids from the Engineer Regiment base a few miles away. I would be very surprised if the likes of Kwarteng or Badenoch would be elected in areas like Brent, Newham or Haringey. Quote Link to comment Share on other sites More sharing options...
aaid Posted September 28, 2022 Share Posted September 28, 2022 32 minutes ago, Hertsscot said: So, Labour have suspended Rupa Huq for calling Kwasi Kwarteng 'superficially black'. It's not the smartest of comments but she has a point. A number of Tory MPs from ethnic minorities attended elite schools and/or have been parachuted into very white middle class affluent areas. A prime example of that is Kemi Badenoch, I taught in her constituency for nearly 30 years and our largest ethnic group of students were a handful of Nepalese kids from the Engineer Regiment base a few miles away. I would be very surprised if the likes of Kwarteng or Badenoch would be elected in areas like Brent, Newham or Haringey. Class and a private school education trumps race all the time in England. Quote Link to comment Share on other sites More sharing options...
aaid Posted September 28, 2022 Share Posted September 28, 2022 On 9/25/2022 at 9:59 PM, Malcolm said: yeah, I see the Kings Councillor, Roddy Dunlop, has stated that on twitter today… to a not particularly positive reaction. Nicola has to bring them in to some kind of alignment or risk losing significant tax at the top end. it’s too big a disparity now. Cheaper to just buy a small property over the border, “base” yourself there, and generate income from it. My company cares not a jot where I live or work. Judging from his retraction earlier it looks like Roddy Dunlop has had his arse well and truly kicked. Not a good look for the Dean of the Faculty of Advocates to be talking about moving to England because he’s paying too much tax on earnings over £150k when his English colleagues are out on strike because junior barristers are being paid less than minimum wage. Quote Link to comment Share on other sites More sharing options...
King Of Paisley Posted September 28, 2022 Share Posted September 28, 2022 Sterling has fallen again against the dollar. Meanwhile no sign of that pair of crooks Truss and Kwarteng making any statement. This is getting frighteningly ridiculous Quote Link to comment Share on other sites More sharing options...
Hertsscot Posted September 28, 2022 Share Posted September 28, 2022 1 hour ago, aaid said: Judging from his retraction earlier it looks like Roddy Dunlop has had his arse well and truly kicked. Not a good look for the Dean of the Faculty of Advocates to be talking about moving to England because he’s paying too much tax on earnings over £150k when his English colleagues are out on strike because junior barristers are being paid less than minimum wage. I don't know if Dunlop was making a general point but if he was talking about himself he comes across very badly. Here is a man in a very well paid job who doesn't need to worry about fuel bills or rising food prices who says he'll move to pay less tax to help others in need. Pretty poor in my book. Quote Link to comment Share on other sites More sharing options...
Hertsscot Posted September 28, 2022 Share Posted September 28, 2022 Just now, King Of Paisley said: Sterling has fallen again against the dollar. Meanwhile no sign of that pair of crooks Truss and Kwarteng making any statement. This is getting frighteningly ridiculous Probably taken a leaf out of Johnson's book and hiding in a fridge. Anyone heard from Ross, Davidson, Kerr, Fraser, Jack etc? Quote Link to comment Share on other sites More sharing options...
TDYER63 Posted September 28, 2022 Share Posted September 28, 2022 7 minutes ago, King Of Paisley said: Sterling has fallen again against the dollar. Meanwhile no sign of that pair of crooks Truss and Kwarteng making any statement. This is getting frighteningly ridiculous It has fallen across the board. Bank of England has announced this morning it will temporarily buy long dated bonds and delay quantitative easing in order to ‘restore orderly market conditions’ Cue Sterling to automatically lose another cent against the usd and euro. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted September 28, 2022 Share Posted September 28, 2022 12 minutes ago, King Of Paisley said: Sterling has fallen again against the dollar. Meanwhile no sign of that pair of crooks Truss and Kwarteng making any statement. This is getting frighteningly ridiculous Too busy counting their money they made a few days back. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted September 28, 2022 Share Posted September 28, 2022 11 minutes ago, Hertsscot said: Probably taken a leaf out of Johnson's book and hiding in a fridge. Anyone heard from Ross, Davidson, Kerr, Fraser, Jack etc? Ross just been on news supporting the mini budget. He has a nack of being on the wrong side of an argument constantly. Quote Link to comment Share on other sites More sharing options...
King Of Paisley Posted September 28, 2022 Share Posted September 28, 2022 Me and a mate were discussing all this last night in the pub. He reckons that the Tories know their goose is cookesd at the next GE and are adopting a scorched earth economic policy whilst lining their own pockets. Don't think he is far off the truth to be honest. Not sure what the BOE's intervention will do to help us mere mortals in the short term Quote Link to comment Share on other sites More sharing options...
Ally Bongo Posted September 28, 2022 Share Posted September 28, 2022 And yet even just last night the Scotland's epistles FB page posted a Yes Saltire obviously in response to the result rather than politically motivated Before they realised their boob there were umpteen comments like "losers flag" etc Westminster could shite in these folks shoes daily without them bothering Quote Link to comment Share on other sites More sharing options...
TDYER63 Posted September 28, 2022 Share Posted September 28, 2022 15 minutes ago, King Of Paisley said: Not sure what the BOE's intervention will do to help us mere mortals in the short term It wont do anything but it allows them to tick a box to say they have tried something whilst the government pretend nothing is happening. Quote Link to comment Share on other sites More sharing options...
Malcolm Posted September 28, 2022 Share Posted September 28, 2022 Vast spending cuts coming… presumably across uk gov departments only. Quote Link to comment Share on other sites More sharing options...
scotlad Posted September 28, 2022 Share Posted September 28, 2022 9 hours ago, King Of Paisley said: Me and a mate were discussing all this last night in the pub. He reckons that the Tories know their goose is cookesd at the next GE and are adopting a scorched earth economic policy whilst lining their own pockets. Don't think he is far off the truth to be honest. Not sure what the BOE's intervention will do to help us mere mortals in the short term I was thinking the exact thing myself. It's like they've figured their time is probably up and thought fuck it, we've two and a bit years left, let's make some dough and leave Labour to clear up the mess! Quote Link to comment Share on other sites More sharing options...
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