Re: Britain faces summer of rage
 

Lets hope so We need to stand united and let the powers that be know that we are not going to be walked over anymore and treated like sh1t by the government.

I was a little too young previousley but let me know when and where this time cause i want to be involved :thumbup:

And then i'll start a thread on the imment civil war that is brewing in England


Dougie ;)


http://i255.photobucket.com/albums/h...7/14_6_121.gif

Re: Britain faces summer of rage
 

Can anyone think of a country that doesn't use public sector debt across the economic cycle?

Re: Britain faces summer of rage
 

Do you mean all the people who borrowed beyond their means?

Re: Britain faces summer of rage
 

Know what you mean. Though I was thinking more of the people who should have said no to the ones who were trying to borrow beyond their means. Many of us in our 40's seem to be the last generation who actually saved for things (yes, obviously not all of us) and didn't automatically get stuff on credit. We now have a whole generation of young people who have never known any different i.e. 28 year olds who want a nice starter home and a car and who were allowed to believe (by the institutions that really should have known better) that it's OK to borrow 3 x your salary to get a house.

Re: Britain faces summer of rage
 

A big protest is planed for April 1 in Central London.
It is being named Financial Fools Day and anarchist groups along with others are mobilising to attempt to ensure a day to be remembered along with the so called Poll Tax riots and bigger than 1999 riot (where a number of violent incidents between people who worked in the financial sector and protesters took place.(over 40 injured)
This day has been chosen as April 2 there is a G 20 leaders meeting in Central London.
Some of the anarchists have been inspired by the recent
months of extreme protests in Greece.
This more than likely well be the start of the so called summer of rage.(shades of 1981)

Re: Britain faces summer of rage
 

nope, still you

Re: Britain faces summer of rage
 

3 x salary is pretty sensible. It's the 100% or even 125% mortgages of 4, 5, 6 or more multiples of income that got us in to the mess we are in.

That combined with financial institutions encouraging mortgage equity withdrawal - spending the house, a.k.a. the Brown "Miracle Economy"

Re: Britain faces summer of rage
 

I was there too and from where i was it was the old bill that rioted initially and people responded accordingly.

Re: Britain faces summer of rage
 

It is high time for something to happen and people to voice their anger.

Re: Britain faces summer of rage
 

We borrowed 3 x in 1989, it was considered quite normal then. We saved up our 5% deposit. We didn't have credit cards and we spent what we earned and not a penny more. Very different to a lot of the 20 somethings of today.

Re: Britain faces summer of rage
 

Too true exactly right Renth.
That along side the simplicity of getting several loans / store cards / credit cards etc it was always going to end up this way i,m afraid. :(

Dougie

Re: Britain faces summer of rage
 

Viva la Revolution!

Storm the barricades!

.................................................. ..........:lol:

Although 98pc of us will sit at home and watch it "Live" on sky news/bbc 24!

Apathy.....that's what will kill the UK (and most western countries) and thats got a lot to do with the state we find ourselves in!.

I'm not advocating violence btw.....in any way at all.

The sooner people get informed and involved the better, the only way to beat the system is from the inside!....

Sick of councilors lining their pockets......run for local government

Sick of MP expenses............write letters, get involved, join a political party

(Just watched the acid house....granton star cause....."you have the power boab!") :-p

Re: Britain faces summer of rage
 

I would have thought that the difference between public debt and printing money is that:

The government borrows money from somewhere with (hopefully) the intention of paying back the money through taxation sometime in the future.

Printing money seems like trying to cancel debt by just printing more. In this case it seems to be trying to make the banks who are worried about lending think 'wow more money lets get lending'.

I am curious whether the bank of England would think about removing the extra banknotes from circulation once the crisis is over. I think I read somewhere that they were planning on printing 100 billion pounds of notes - could be wrong though.

Re: Britain faces summer of rage
 

It's almost as if the government are asking for it.

http://www.timesonline.co.uk/tol/new...cle5793087.ece

Re: Britain faces summer of rage
 

Nuts. I get to miss all the fun *again* having just moved to the US and was too young to take part in the poll tax riots :(.