What line of work will speculators move to once the socialists take over

[spreader_legger]

Perhaps we should adopt a more mercantalistic approach like our Chinese brothers and sisters

Spending stimulates growth? You actually think this way? You actually think we can spend our way out of a recession? I can't believe you buy into that half baked Keynesian nonsense. How do you explain the UK's widening trade deficit? Too much consumption got us into the Global financial crisis and it is why the UK economy is headed down the toilet.

As for protesting against capitalism. They are morons who haven't got a clue. What we have isn't capitalism. The government is imposing Austerity because of the "Too big to fails" they burdened the taxpayers with. That is crony capitalism.

 

[spreader_legger]

Unless the Taliban take over, in which case instrumental music would be banned

I have seriously rethought what I will do when the markets are no longer available. I will take a course in music and become a piano player in a marching band.

 

[0007]

I have seriously rethought what I will do when the markets are no longer available. I will take a course in music and become a piano player in a marching band.

---??? Pianist in a brothel, next best thing to trading!

 

[Vorbis]

It tells me people don't want choice.

If you choose not to have a choice, haven't you failed already?

 

[Splitlink]

Buying goods and services directly influences growth strategy. For example take Xmas. It is a predictable boost in spending and manufacturing and services increase output to support it. If overall income tax was lowered it will have an effect on growth by boosting demand. So to comment on your comment, buying goods and services can and does increase growth. This is economics 101

It is sound economics for the companies selling the goods. For the rest of us, it must be so because we are being told so. When I was a kid, the only present giving days were Christmas and birthdays. Easter eggs at Easter. It made commercial sense to bring in Mother's, then Father's Day. All the kids like giving daddy a good present, don't they? If he doesn't like it he can change it for something else, later.

I'm in a lousy mood, this morning, I must admit.

Guess what has happened here? One of the big wheels of Spanish banking , Botin (Santander) is on the front page, showing his braces and being very patriotic for the masses, and advising Zapatero not to have an early election. It would be very bad for Spanish stability.

 

[cuddykid]

Markets are not going to vanish just because these left wing plebs are protesting. The ironic thing is that the party which they love (labour) got us into this mess in the 1st place with their policy to throw money at everything.
The public sector in the UK is FAR too big and quite rightly needs to be cut. Growth comes from private sector not public sector.
It's quite funny how they protest about banks etc, however, without the bankers paying massive amounts of tax on their earnings then they wouldn't have the services they take for granted.
There will always be trading.. thats how credit works. If there was no trading, there would be no liquidity and therefore no credit flowing around in the markets.

 

[Splitlink]

Markets are not going to vanish just because these left wing plebs are protesting. The ironic thing is that the party which they love (labour) got us into this mess in the 1st place with their policy to throw money at everything.
The public sector in the UK is FAR too big and quite rightly needs to be cut. Growth comes from private sector not public sector.
It's quite funny how they protest about banks etc, however, without the bankers paying massive amounts of tax on their earnings then they wouldn't have the services they take for granted.
There will always be trading.. thats how credit works. If there was no trading, there would be no liquidity and therefore no credit flowing around in the markets.

No, I don't agree. Public spending is what will get the economy going again because new highways need Caterpillar and John Deere machinery. NHS gives a lot of work to pharma companies. Cut back on that and it all dries up. However, the big capital will screw us all into the ground and not give a monkey's.

What happened in the last few years was that everyone got greedy but, unfortunately, when the bubble broke the richest lost some money but those trying to get rich lost their shirts and jobs.

I'm not saying that I would not be greedy, too, under the circumstances, but that is what happened.

 

[counter_violent]

It's all perfectly simple. We need a massive re-balancing of the ratio Private sector (contributors to) to Public sector (spenders of) the pie.

There's an old saying goes something like this. We can't all go around selling each other insurance policies. At some point it must all collapse as nobody is producing anything.

 

[HAL 9000]

People on here, unsurprisingly, seem very polarised with their viewpoints. Life is rarely so black and white

Before you begin getting out the old misconceptions about lefty troublemakers and bring back Maggie she'll sort them out, remember that "the biggest of all the departmental cuts will be at the Department of Business, Innovation and Skills, totaling £836m." (bbc)

From their website "The Department for Business, Innovation and Skills (BIS) has an important role at the heart of government as the ‘department for growth’. "

LOL! couldn't make this **** up.

 

[brettus]

Just got back from my local, the protestesters were all returning very proud of themselves after todays shenanigans, very upset about what capitalism has done to the planet.

In the worst case scenario, if you have made a living off speculating on the financial markets for the past few years, how will you make a living if Marx's world comes to be?

Just a thought.

Gonna sit on a beach somewhere away from these tax dodging idiots.

 

[China Diapers]

It's all perfectly simple. We need a massive re-balancing of the ratio Private sector (contributors to) to Public sector (spenders of) the pie.

There's an old saying goes something like this. We can't all go around selling each other insurance policies. At some point it must all collapse as nobody is producing anything.

Thanks for the video. This interesting too, Puerto Rico having success with their downsizing of the public sector.

 

[HAL 9000]

The elderly are set for a shock later this year as they will get up to £100 less from the Government to pay for their winter energy bills.

George Osborne secretly cut the winter fuel allowance, paid to most people who are 60 or older, in yesterday's Budget. The information did not form part of the 100+-page Budget document.

yes! nice Georgy, very nice sunshine..... course they'll be hoping for plenty of that now.

Most of those aged 60-79 will get £200 instead of last year's £250 when the payment is made in November or December. Those who are 80 or older will get £300 instead of £400

....take that up your Gary Glitter old people..... George respect man, I know some hoodies in Belthnal that would be happy to get a ton off a wrinkly with as much skill.

.....bloody lucky they get anything anyway.

 

[spreader_legger]

from one government that sells off national assets to large faceless multinational entities, to another that indebts the nation to such entities.

But hey ho, this is Democracy ain't it??

People on here, unsurprisingly, seem very polarised with their viewpoints. Life is rarely so black and white

Before you begin getting out the old misconceptions about lefty troublemakers and bring back Maggie she'll sort them out, remember that "the biggest of all the departmental cuts will be at the Department of Business, Innovation and Skills, totaling £836m." (bbc)

From their website "The Department for Business, Innovation and Skills (BIS) has an important role at the heart of government as the ‘department for growth’. "

LOL! couldn't make this **** up.

 

[robster970]

I think it's Depth Trade's sig that has the strapline 'Socialism works until you run out of other people's money'.

 

[China Diapers]

Revleft.com users currently online: 162

Trade2win.co.uk users online: 984

Enough said.

That being said, I'll bet a greater percentage of posters on revleft are successful socialists than traders on t2w.

 

[DashRiprock]

I tried to join that site but they banned me before I'd even posted anything.

Shame really 'cos theres a thread there called "bourgeois economics masturbation" which basically are three of my favourite things.

 

[China Diapers]

They can smell a fascist a mile off.

There are some gems on there, one of my favourites is a thread where somebody is explaining that after the revolution there will be no need for police as when everyone has everything they need there will be no crime.

 

[robster970]

They don't seem to do economics terribly well do they. Then again, neither do economists I suppose.

 

[anley]

Speculation isn't going away. But even if a country does ban it (which it's impossible to do) then the business just moves offshore, perhaps to exchanges in Dubai as they'd LOVE all that juicy business.

 

[anley]

Plus, the bankers didn't cause the mess, the politicians did because the bankers are ALWAYS going to go crazy with loans unless they're reined in which is the politicians remit. When for example have the bankers throughout history never gone crazy when let off the leash?

The bankers and speculators are just easy meat to blame. Basically the masses are easily fooled.