Right then this "Credit Crunch" thing

[Carter]

Thought the subject warranted a bit more consideration and I'm still waiting for Rummy to back up anything he's said thus far on the subject with anything approaching reasoned argument. Like it or not this one's going to hurt gentlemen. I hope the following helps folks understand the what/who/how of the massive con trick and wholesale fraud that sits at the root of the current predicament.

Won't bore you chaps with a wordy fisking of Alistair "whack-a-mole" Darling because frankly he ain't the real problem although he and his fellow travellers are in my view staring at a rope's end for their supine cowardice self serving stupidity. Try this for size....

The con-trick of Fractional Reserve Banking
I Want the Earth Plus 5%. The truth about money, credit and the deficit

 

[Cirrus]

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

 

[sparkyork]

credit crunch, resession etc etc, thing is we cant do anything about it, we just gotta plod on and get on with it. i dont really wanna know much more about the dodgy dealings and what goes on in the financial institutions etc, cos we cant do anything about it. i dont like the idea of bailing the banks out cos who bails us out when it goes ---- up but i guess we need a banking system or were even more shagged.

 

[Spudmiester]

I wish everyone would shut up about this so called recession, and bloody credit 'crunch'.

If we all stopped going on about it then its less likely happen. Spread optimism, not negativity.

Yes governments, banks, media etc are corrupt. Always will be !

 

[mpfisher@hotmai]

Wise words Spud !!

Mark

 

[EasyFox]

Spudster is right.
Speaking to a chap from the city & his words were
"what credit crunch, it's only gonna happen if the media keep on about it"

 

[Bane]

Yep, I can't see the credit crunch either.

Just in the process of buying a house, have 2 cars. Not short of cash. Not loaded either. Shopping is cheap. Holiday twice a year.

Media bollox methinks!

Bit like the Northern Rock shenanigans. Wasn't half as bad as the media made out but that cause a panic that in turn DID make things out as bad as they seemed.

Trying to do same thing with HBOS now.

 

[rumrunner]

Thought the subject warranted a bit more consideration and I'm still waiting for Rummy to back up anything he's said thus far on the subject with anything approaching reasoned argument.

We seem to agree on quite a lot ,try studying Charles Manson my politics are very similar

 

[Chris_81]

I wish everyone would shut up about this so called recession, and bloody credit 'crunch'.

If we all stopped going on about it then its less likely happen. Spread optimism, not negativity.

Yes governments, banks, media etc are corrupt. Always will be !

Well put! I was in the bank the other day paying off a few bills, got talking to the cashier who was trying to offer me a loan at the time. Asked how that was possible if there was such a massive credit crunch and his response was, if people asked their local banks rather than national tabloids they'd understand a lot more.

 

[Dinosaur]

If we got rid of the media the world would be a far better place - just look at what they did for the Yanks in Vietnam! It was the media that lost the war not the troops.

All jornalists should be mad to suffer a long slow painful death.

 

[rumrunner]

If its all media hype ,why then has the goverment just risked 50bn of tax payers money in an effort to get the banks lending to each other again ,£2000 for each and every tax payer,its a good job weve got such a brilliant team in control or we would be doomed

 

[montybaber]

agree totally...Its been non stop doom and gloom from the media and that has been the main reason for all the problems

 

[wattsup]

I'm currently experiencing the busiest time i've had in 10 years, I've even had to give some work away and sub some stuff I don't want right now. I don't get it, but I guess its going to bite my --- anytime soon

 

[montybaber]

only way its affected me is that i have had my house up for sale for ages..obviously noone is gonna buy with all the crap on the news!!!

I expect the media to get bored and move on to something else, all of a sudden millions of people sitting on deposits wanting a house and demand outstripping supply!

 

[Cirrus]

only way its affected me is that i have had my house up for sale for ages..obviously noone is gonna buy with all the crap on the news!!!

I expect the media to get bored and move on to something else, all of a sudden millions of people sitting on deposits wanting a house and demand outstripping supply!

Don't see it. Have had 40 grand wiped off my ouse in 6 months. Am actually in a situation where my house is worth 20 grand less than the damn mortgage. If I saw GBrown I would shove a hot poker in his arse!