The end of the EU

[new_trader]

Tried to listen to Salerno explaining Utopian Socialism etc. but within 5 mins it was more sleepo.
keep taking the pills NT

Doesn't surprise me Pat. You have an opinion and you aren't prepared to listen to anything else.

 

[new_trader]

new_trader, you certainly seem to have some strong views and a passion to educate. Forgetting for the moment the various links and references you have provided, interesting though they are, what would YOU do now to fix things if you had a completely free hand, but starting where we are now rather than with a blank sheet of paper? How would you create your Utopia?

The problem is that this Government has created such a huge entitlement and dependant class that unwinding it would be painful, but that is where I would like to begin.


Things I would implement almost immediately that would probably cause the least amount of pain but produce an almost immediate benefit:

1) Eliminate the minimum wage law.
2) Cut taxes on the productive sectors of the economy ie/income tax, corporation tax, capital gains tax
3) Allow interest rates to be set by the market rather than a Central Bank
4) Return to sound money.

 

[Pat494]

The problem is that this Government has created such a huge entitlement and dependant class that unwinding it would be painful, but that is where I would like to begin.


Things I would implement almost immediately that would probably cause the least amount of pain but produce an almost immediate benefit:

1) Eliminate the minimum wage law.
2) Cut taxes on the productive sectors of the economy ie/income tax, corporation tax, capital gains tax
3) Allow interest rates to be set by the market rather than a Central Bank
4) Return to sound money.

Have you ever tried to exist on the minimum wage ? Probably not as it isn't enough to live on.
Cut all those taxes so the greedy can pocket ever more !!
Surprised you didn't say dump the welfare state ?
You have the human sensitivity of a machine and greedy one at that.
Ever heard of social justice or is it a Darwinian every man for himself creed ?
And Heil Adolph Cameron

 

[barjon]

...............In a free-market you still have a Government, but their role is to PROTECT individual property rights and freedoms............

Mmm, presumably that implies that a free-market would otherwise ride roughshod over peoples rights and freedoms. There's a surprise. 'Course the Government intervention then means that it's no longer a fully free market.

A paradox indeed

 

[new_trader]

Have you ever tried to exist on the minimum wage ? Probably not as it isn't enough to live on.
Cut all those taxes so the greedy can pocket ever more !!
Surprised you didn't say dump the welfare state ?
And Heil Cameron

Singapore has no minimum wage law. Of course, it is pointless trying to explain to you how the minimum wage law just makes it illegal for anyone below a certain skill level to have a job so they must live off the Government tit.

Why not just make the minimum wage £500/hour?

Anyway, I used to like you Pat, but not anymore. I thank you for the tip on the distiller, but I've now realised, through your previous comments that your motivations and attacks against my opinions are driven by bitter envy. I have worked hard for everything I own and I hardly consider myself rich. I am not replying to you anymore. You and Atilla, motivated by bitter envy it seems...typical Socialists

 

[new_trader]

Mmm, presumably that implies that a free-market would otherwise ride roughshod over peoples rights and freedoms. There's a surprise. 'Course the Government intervention then means that it's no longer a fully free market.

A paradox indeed

FFS, not you Jon

How on earth does a free-market ride roughshod over peoples rights and freedoms?

 

[Pat494]

Singapore has no minimum wage law. Of course, it is pointless trying to explain to you how the minimum wage law just makes it illegal for anyone below a certain skill level to have a job so they must live off the Government tit.

Why not just make the minimum wage £500/hour?

Anyway, I used to like you Pat, but not anymore. I thank you for the tip on the distiller, but I've now realised, through your previous comments that your motivations and attacks against my opinions are driven by bitter envy. I have worked hard for everything I own and I hardly consider myself rich. I am not replying to you anymore. You and Atilla, motivated by bitter envy it seems...typical Socialists

There there NT don't take our little discussion so personally. This is how progress is made. Others will be forming their own opinions based on ours I expect.

 

[new_trader]

Anyway, I give up now...too many dunces, not enough time.

 

[barjon]

FFS, not you Jon

How on earth does a free-market ride roughshod over peoples rights and freedoms?

Well, why otherwise would you need a Government to protect them as you stated?

 

[Atilla]

Singapore has no minimum wage law. Of course, it is pointless trying to explain to you how the minimum wage law just makes it illegal for anyone below a certain skill level to have a job so they must live off the Government tit.

Why not just make the minimum wage £500/hour?

Anyway, I used to like you Pat, but not anymore. I thank you for the tip on the distiller, but I've now realised, through your previous comments that your motivations and attacks against my opinions are driven by bitter envy. I have worked hard for everything I own and I hardly consider myself rich. I am not replying to you anymore. You and Atilla, motivated by bitter envy it seems...typical Socialists

Dear NT,

I have no envy none what so ever of anyone I know or you who I don't know at all.

It has always intrigued me why you bring it down to a level of personal envy because I do not share your opinion.

I envy trees for the way they stand so tall and grand against all four seasons come what may year after year.

I envy the sky, the sun and the warmth that touches my skin making me feel alive.

I envy the delicious flavour of Belgian chocolate that makes me want to scoff some more.

You I do not envy at all. Far from it mate. But if the thought of you having more gold and thinking I envy you makes you want to have some more... than I wish you all the gold in the world from the depths of my heart.

I say that sincerely too.

 

[Pat494]

Anyway, I give up now...too many dunces, not enough time.

Tut tut NT has got the hump or so it seems.
Prolly time for him to rush out and mug a few old ladies to increase his wealth

 

[Purple Brain]

The problem is that this Government has created such a huge entitlement and dependant class that unwinding it would be painful, but that is where I would like to begin.


Things I would implement almost immediately that would probably cause the least amount of pain but produce an almost immediate benefit:

1) Eliminate the minimum wage law.
2) Cut taxes on the productive sectors of the economy ie/income tax, corporation tax, capital gains tax
3) Allow interest rates to be set by the market rather than a Central Bank
4) Return to sound money.

1. A genuinely free market allows labour rates and unemployment rates to sort themselves out, providing benefit entitlements do not make the effort of working unnecessary. They have to go hand in hand. Benefits only for the genuinely needy. In the good old days before benefits, families & friends used to fulfil this function. They had a way of sorting the genuine from the cheats as it was their own time, effort and materials they utilised. AS labour rates come down (no minimum) fewer people will be willing to do the work. Until rates rise to a level that makes sense. No intervention necessary. Look at Indian call centres. Pricing themselves out of the market while the Philippines come in at lower rate. Until they price themselves out. Works exactly as it should and free of superficial and artificial intervention.

2. Common-sense. Needs no further comment.

3. That is how it currently works, isn’t it? Central bank rates are nominal at best.

4. What is sound money? Given your frequent references to Gold I’m thinking that’s where you’re headed, but just asking for clarity.

 

[neil]

The Germans attacked us twice or have you forgotten ?
The French are behaving like tarts to Germany.It is like the Stockholm syndrome.
No surrender to the Germans here. About time we pulled togethor imho

Your grasp of history is tenous( Germans attacked us !!), to say the least. Now re-read your history.

 

[Pat494]

Your grasp of history is tenous( Germans attacked us !!), to say the least. Now re-read your history.

Well if you want to nitpick - they attacked France and we joined in, on France's side in WW1


Well if you want to nitpick - they attacked Poland and we joined in, on Poland's side in WW2.

All this EU nonsense makes one wonder if it was worth it. Maybe the UK should have stood aside and got something in the carve up, like Calais or Normandy ?

 

[Liquid validity]

Switzerland has always had the right idea, stay neutral, and store
the stuff everyone else fights over in their banks :smart:

 

[Atilla]

Well if you want to nitpick - they attacked France and we joined in, on France's side in WW1


Well if you want to nitpick - they attacked Poland and we joined in, on Poland's side in WW2.

All this EU nonsense makes one wonder if it was worth it. Maybe the UK should have stood aside and got something in the carve up, like Calais or Normandy ?

Rudyard Kipling's son, John, was born on 17th August 1897 at North End House in Rottingdean. At the outbreak of WW1 in 1914 he tried twice to join the British Army but was rejected both times as he was short-sighted and under age.

Rudyard knew Field-Marshal Lord Roberts and got him to arrange for John, aged 17, to become an officer in the Irish Guards in Sept 1914.

On 27th Sept 1915 John was killed in action in the Battle of Loos in France. His grave was never found.

No doubt devastated, Mr Rudyard subsequently became on of the founding members of the Imperial War Graves Commission.


Went round to his Georgian house in Rottingdean only the other day. Unfortunately the tea garden was closed as the weather was so cold. Your blogg reminded me of the sad story.

 

[counter_violent]

German euro founder calls for 'catastrophic' currency to be broken up - Telegraph

 

[Pat494]

German euro founder calls for 'catastrophic' currency to be broken up - Telegraph

By Ambrose Evans-Pritchard, International Business Editor
9:30PM BST 05 May 2013
438 Comments
"The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt," he said.

"The Germans have not yet realised that southern Europe, including France, will be forced by their current misery to fight back against German hegemony sooner or later," he said, blaming much of the crisis on Germany's wage squeeze to gain export share.

Mr Lafontaine said on the parliamentary website of Germany's Left Party that Chancellor Angela Merkel will "awake from her self-righteous slumber" once the countries in trouble unite to force a change in crisis policy at Germany's expense.

His prediction appeared confirmed as French finance minister Pierre Moscovici yesterday proclaimed the end of austerity and a triumph of French policy, risking further damage to the tattered relations between Paris and Berlin.

"Austerity is finished. This is a decisive turn in the history of the EU project since the euro," he told French TV. "We're seeing the end of austerity dogma. It's a victory of the French point of view."


Looks like he is about to revert back to disastrous left wing policies of raising borrowings and spending !!

 

[Atilla]

By Ambrose Evans-Pritchard, International Business Editor
9:30PM BST 05 May 2013
438 Comments
"The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt," he said.

"The Germans have not yet realised that southern Europe, including France, will be forced by their current misery to fight back against German hegemony sooner or later," he said, blaming much of the crisis on Germany's wage squeeze to gain export share.

Mr Lafontaine said on the parliamentary website of Germany's Left Party that Chancellor Angela Merkel will "awake from her self-righteous slumber" once the countries in trouble unite to force a change in crisis policy at Germany's expense.

His prediction appeared confirmed as French finance minister Pierre Moscovici yesterday proclaimed the end of austerity and a triumph of French policy, risking further damage to the tattered relations between Paris and Berlin.

"Austerity is finished. This is a decisive turn in the history of the EU project since the euro," he told French TV. "We're seeing the end of austerity dogma. It's a victory of the French point of view."


Looks like he is about to revert back to disastrous left wing policies of raising borrowings and spending !!

Well to all the doom sayers - End of EU still seems to be some way off...

However, this article is an interesting reflection of capitalism in the US...

http://www.marketwatch.com/story/the-cult-of-capitalism-and-us-moral-decline-2013-05-29

 

[counter_violent]

Well to all the doom sayers - End of EU still seems to be some way off...

However, this article is an interesting reflection of capitalism in the US...

The

Which is why it all needs smashing up and reducing to rubble.

How many times do we have to say that the *******ised corporate capitalism we have today just doesn't work. Aided and abetted by intellectually and morally bankrupt politicians.

Essentially, we have all the wrong people in all the wrong jobs doing all the wrong things.

The only cure will be revolution and the seeds are being sown.