Credit Crunch

[drummindefender]

Sorry i forgot the wall street crash and Oil crisis took place in the UK

 

[Yorkshire Vixen]

apparently belfast, liverpool, wigan and hull are to be put on recession 'red alert' as theyre the areas likely to be hardest hit

 

[WALSHIESTACKLE]

apparently belfast, liverpool, wigan and hull are to be put on recession 'red alert' as theyre the areas likely to be hardest hit

Surely it will be places where people actually have jobs where they will be hardest hit, not dirty dole bludging Northern towns - unless the drugs industry will suffer. :icon_wink

 

[bocadillo]

apparently belfast, liverpool, wigan and hull are to be put on Millwall 'red alert' as theyre the areas likely to be hardest hit

Too late for Hull.

 

[Yorkshire Vixen]

Too late for Hull.

aye i know cockney arseholes :icon_roll

 

[drew]

One of the reasons why this so called credit crunch going to be harder is people have access to the internet and news is spread all over the place which people who don't really have a grasp of what's going on jump on it and spread it even further.

Yes there are problems with the global economy but they're being made far worse by the media and the doom mongering.

The BBC is a prime example, last week they reported the news of a recession with a picture of a street and a shop shut up with a pallet outside and rubbish floating around, thats not really an accurate portrayal of a recession. They change between bear news and bull news at the flick of a switch, wankers.

OMG recessionz killz us all lulz......

 

[highland fox]

apparently belfast, liverpool, wigan and hull are to be put on recession 'red alert' as theyre the areas likely to be hardest hit

And heres me waiting on a job managing a pub in Liverpool..

 

[highland fox]

One of the reasons why this so called credit crunch going to be harder is people have access to the internet and news is spread all over the place which people who don't really have a grasp of what's going on jump on it and spread it even further.

Yes there are problems with the global economy but they're being made far worse by the media and the doom mongering.

The BBC is a prime example, last week they reported the news of a recession with a picture of a street and a shop shut up with a pallet outside and rubbish floating around, thats not really an accurate portrayal of a recession. They change between bear news and bull news at the flick of a switch, wankers.

OMG recessionz killz us all lulz......

Kind of agree with that.Too many people holding on to money and not spending it because they are terrified but if they did spend it the economy would start moving again.Pisses me off slightly when people moan about having their savings taxed etc etc...well fecking spend some of it then:icon_roll

 

[Yorkshire Vixen]

Kind of agree with that.Too many people holding on to money and not spending it because they are terrified but if they did spend it the economy would start moving again.Pisses me off slightly when people moan about having their savings taxed etc etc...well fecking spend some of it then:icon_roll

but why should they spend it?? some people are saiving money for when they retire etc, its not their fault that taxes are being cut

 

[highland fox]

but why should they spend it?? some people are saiving money for when they retire etc, its not their fault that taxes are being cut

Well if they don't it might come along and bite them on the arse.Until the economy is moving again more and more are going to suffer and those with the savings might be using them savings to live off soon

 

[Yorkshire Vixen]

Well if they don't it might come along and bite them on the arse.Until the economy is moving again more and more are going to suffer and those with the savings might be using them savings to live off soon

all the more reason not to spend their savings then

 

[highland fox]

all the more reason not to spend their savings then

But like I said if they don't then the Economy is never going to move,whilst people hold on to it and are scare mongered into spending a farthing then things will not start to improve.Of course I could be spouting total shite

 

[lazzer]

aye i know cockney arseholes :icon_roll

Steve Harleys band

 

[Yorkshire Vixen]

But like I said if they don't then the Economy is never going to move,whilst people hold on to it and are scare mongered into spending a farthing then things will not start to improve.Of course I could be spouting total shite

on the flip side people shouldnt be forced into spending their money if they dont want to

 

[drew]

but why should they spend it?? some people are saiving money for when they retire etc, its not their fault that taxes are being cut

Its not about the people making regular savings, it's the people that would normally spend the money that are now hanging on to it, imagine that expenditure as grease for wheels to the economy, take it away and the whole system grinds to a halt.

Whilst its not the root cause its compounding the problems we have, Labour has built up peoples life expectations based on borrowing money and buying luxury goods on credit, they've now been found out.

The level of national debt is frightening, but what's even more frightening is the amount of debt UK banks have from overseas. Pumping money into our banking system is pointless when they're owed so much money from abroad, essentially the taxpayer is funding overseas debtors.

Take the Russian Oligarch that borrowed a couple of billion from RBS that has since been written off. That money has been written down by us.....

 

[highland fox]

on the flip side people shouldnt be forced into spending their money if they dont want to

Of course not but they shouldn't moan when their pile of cash starts decreasing then.Things have to change or they will stay the same

 

[highland fox]

Steve Harleys band

if its not the cockneys its the jesus people she has a go at

 

[highland fox]

Its not about the people making regular savings, it's the people that would normally spend the money that are now hanging on to it, imagine that expenditure as grease for wheels to the economy, take it away and the whole system grinds to a halt.

Thats kind of what I meant,people are being scare mongered into even making regular purchases
I've nothing against people putting a few quid by but its gone beyond that now

 

[Hazzman]

One of the reasons why this so called credit crunch going to be harder is people have access to the internet and news is spread all over the place which people who don't really have a grasp of what's going on jump on it and spread it even further.

Yes there are problems with the global economy but they're being made far worse by the media and the doom mongering.

The BBC is a prime example, last week they reported the news of a recession with a picture of a street and a shop shut up with a pallet outside and rubbish floating around, thats not really an accurate portrayal of a recession. They change between bear news and bull news at the flick of a switch, wankers.

OMG recessionz killz us all lulz......

Fully agree

 

[drummindefender]

Steve Harleys band

thought they were rebels