Not if it works!Quote:
Originally Posted by goats
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Not if it works!Quote:
Originally Posted by goats
Might work in mid west banjo zone, but not sure the power houses of New York and California will be too happyQuote:
Originally Posted by Wales-Bales
How will we know if it works? We're 9 years on and people are still undecided whether Brexit was a success or not.Quote:
Originally Posted by Wales-Bales
This is a screed posted on Facebook by an American friend of a friend. I don't understand all the terminology but Trump's actions are obviously causing distress across the board on the US:
“Tough times these. Unlike most younger people I retired 17 years ago from a company that had a pension plan; at least they did have a pension plan. They just announced that they have sold the plan and its assets & obligations to two insurance companies. Now It's up to the insurance companies to maintain the payment of pensions to retirees (that's me!). When the company operated the pension plan we retirees were protected by the Pension Benefit Guaranty Corporation. The PBGC is a US government agency established to protect the pensions of participants and beneficiaries in private sector defined benefit (DB) plans, ensuring that retirees receive their promised benefits even if the plan fails. But now that the company has divested themselves of their plan obligations the PBGC no longer guarantees those payments. Tough tittie retirees; suck it up. Trump and Musk and DOGE will probably kill the PBGC anyhow if they haven't done it already.
Well I also had a 401-k which I rolled over into an IRA. Last week wasn't kind to my IRA. As some of the signs protestors were carrying last week said my 401-k is now more like a 201-k! And as the shock of Trump's Tariff shenanigans sink in I don't think next week is gonna be any better. Not much comfort to be found there.
But there's always Social Security isn't there? Except Elon Musk seems to have a hard-on for Social Security as DOGE has laid off 7,000 - 10,000 social security employees and closed 47-48 Social Security offices. Plus his "Big Balls" crew has been monkeying with the legacy software platform that SS runs on causing their web site to crash multiple times last week. The software is written in COBOL a computer language so ancient that I took a class in COBOL programming back in the 60's. And all the folks who know COBOL are now gone having been fired or pushed out by the DOGE kids. One knowledgeable economist has said that so much damage has been done to the SS system that it may crash sometime in the next 90 days and may no longer be able to send out checks to 73,000,000 Americans. It appears that this is what Trump wants so that he and his Oligarchs can "privatize" (a code word for steal) the $2.8 trillion in the SS Trust fund. Never let a good crisis go to waste is his motto.
So like a good citizen I did what I was told - I built my retirement on a 3-legged stool concept of pension, savings, and social security/medicare. But whoever came up with that plan never envisioned a remorseless predatory beast like Trump who just may wreck all three.”
It's possible that Trump is part of the great reset and he has fooled everybody.
trump introduced some tariffs the first time around, which were not repealed by the Biden administration, so who knowsQuote:
Originally Posted by goats
He's fooled himself more likeQuote:
Originally Posted by Wales-Bales
Fooled you more like.Quote:
Originally Posted by Wales-Bales
I'm fool resistant.Quote:
Originally Posted by the other bob wilson
Worth waiting a day or two before any grand predictions but I don't think the stock markets can sustain more than another couple of days before something has to happen to boost them. Today seems like a third day of losses.
That said, I don't advocate long term policy decisions being retracted after three days of stock market volatility, but if it carries on it starts to be an extremely serious issue in itself as opposed to being a portend of something further down the line.
We could actually be at the start of one of a pivotal week in the global economy. If the stock markets stabilize, countries scramble to reduce tariffs and a few more announcements of on-shoring happen it could go one way. If they continue to fall, companies stay silent or heavily criticize it and other countries unite against them then it could easily go the other.
Anyone mad enough to read this thread from beginning to end would soon find out that’s not true.Quote:
Originally Posted by Wales-Bales
You're surely joking. Brexit has been an unmitigated disaster. And, it looks even more stupid in a world riven with trade wars.Quote:
Originally Posted by stevo
So, by that logic you'd have carried on with the Truss LR growth policies too.Quote:
Originally Posted by JamesWales
You are absolutely stupid if you believe any of the tripe you posted. More likely, you're doing your standard agitprop routine. It's kind of boring.
There is a story going around that the architect of Trump's tariff policies is a guy called Peter Navarro. (Navarro is definitely part of Trump's inner circle.) This Navarro guy wrote some obscure whackjob books about how the US is getting ripped off ("Death by China" for example). Note for everyone: don't bother reading them they are full of twisted tripe. In his cannon he refers to his mentor and inspiration quite a lot to justify his thinking, referring to the works of the great Ron Varro repeatedly. Nobody can find any reference to this person in the Economic profession. The reason why? "Ron Varro" is just an anagram of "Navarro". You literally couldn't make it up ...
That's almost as cringey as Trump leaking stories about himself bedding beautiful women under the name John Barron, and later naming his son Barron.Quote:
Originally Posted by az city
Well, that's certainly my take on it, but it's not something we're all universally agreed on. And just as there are people in this world who will maintain Brexit was a good idea, so will there be MAGA folk who will keep on insisting this trade war was a good idea, irrespective of what actually happens as a result of it.Quote:
Originally Posted by az city
You are correct. The people you mention have a name - they're called "stupids".Quote:
Originally Posted by stevo
Absolutely and they are the reason democracy is flawed. It may be a better system than many but it's not perfect and the fact catastrophic decisions can be made through the exercise of ignorance and mere opinion should be a major worry for us all.Quote:
Originally Posted by az city
The name's Barron, John Barron.Quote:
Originally Posted by lardy
Trump just played economic chicken with the most powerful countries in the world and they all blinked.
CCMB financial experts know better 🤣
Good evening chaps. 🤣
that isn't what happened thoughQuote:
Originally Posted by Heathblue
To be honest when I mentioned CCMB financial experts, I wasn't thinking of yourself 🤙have you bought in low today ? 😁Quote:
Originally Posted by Rjk
Conspiracy theorists, trump sympathisers , reform voters , brexit voters, cummedgeonsQuote:
Originally Posted by Rjk
Mix all that up , fry for 15 minutes
The perfect idiot
One foot in the grave
UK growth has typically outperformed our peers in the EU in recent years. There's barely a metric going that points to the UK being outperformed by any notable level. You are incorrect.Quote:
Originally Posted by az city
Firstly, quit the personal insults. I have no qualms about reporting you for them. There's enough creeps on the internet and we don't need it. I said the same to Sludge who has the same penchant for personal abuse as you do, so quit it.Quote:
Originally Posted by az city
Secondly, if you can respond maturely, what do you disagree with?
Waiting a few days to form a more rounded opinion?
Not basing long term economic decisions on a couple of days stock market performance?
Continued losses becoming more serious by the day?
This being a pivotal week in the global economy?
A scenario where stock markets stabilize, countries seek to reduce tariffs and companies on-shore?
Or an alternative scenario where those things don't happen?
What is stupid about any of that?
None of them are unreasonable comments.
You sanctimonious old ponceQuote:
Originally Posted by JamesWales
Shove it
Thanks as ever for illustrating my point. Reported your post.Quote:
Originally Posted by SLUDGE FACTORY
I couldn't give a toss you sanctimonious pratQuote:
Originally Posted by JamesWales
I find the fact that you have regularly bent over backwards to defend the likes of trump , farage highly insulting and offensive
And after the racist riots following the deaths of those young girls you were doing the same , faux outrage and excuses for people far more creepy than anything on the internet
I found that extremely insulting and offensive
So shove that and your schoolboy crying up your chuffa
The middle point there is a complete lie of course.Quote:
Originally Posted by SLUDGE FACTORY
You should be banned from here. You always post off topic and you offer endless personal insults, harassing numerous people.
When last week I said that Starmer had reduced waiting lists you went on to write 16 personal insults in the space of 14 hours.
You've been banned before and clearly cannot learn to communicate without insulting multiple people personally for having a different opinion, in a forum, which is the entire point of forums.
That's not true, since brexit we've been falling behind the EU pretty consistently.Quote:
Originally Posted by JamesWales
If you cherry pick which years you use as a starting point you can convince yourself that the UK is doing better, but you would be fooling yourself. i.e. the UK had a sharper decline than the EU after covid, and then a steeper recovery, but still overall falling behind.
There are many sensible articles available that absolutely point to the UK being outperformed on a notable level - 5 minutes of googling can deliver a plethora of them.
Complete truthQuote:
Originally Posted by JamesWales
You are a sick bucket apologist
Now carry on teachers pet
The EU contains a large number of eastern European countries still typically growing faster as they develop post communism - obviously lessening as time passes.Quote:
Originally Posted by Rjk
Compare the UK with western European peers - France, Italy, Germany, Austria, Netherlands and the like. And pick a metric. The difference is marginal on every level. An unmitigated disaster it is not. Nor is it a wild success story. The truth is pretty anodyne.
If it's the truth then present it. I am keeping the receipts of your endless personal insults which given I read them on pretty much every post I read that you post on is pretty close to harassment tbh.Quote:
Originally Posted by SLUDGE FACTORY
I've told you to stop multiple times and you don't. 🤷
He can convince himself that Trump, Farage and the other creeps are misunderstood all day but he ain't fooling me or anyone elseQuote:
Originally Posted by Rjk
The refusal to see through these tossers is incredibly .....creepy
You were all over the place regarding the reasons for these racist criminal riotsQuote:
Originally Posted by JamesWales
Wether you want to deny it I am past caring
You are as big a hypocrite as anyone else but you carry on , I couldn't care less
No, I said there's multiple causes coming together. Which is true. You think it was purely down to racial hatred, which is not the full story and you won't find anyone of note who says it is.Quote:
Originally Posted by SLUDGE FACTORY
I was saying this kind of thing tbh. The country is still a tinderbox now.
https://www.citystgeorges.ac.uk/news...agedy-uk-riots
By all means present it if you can find it.
There's another thread for that topic though. Post it there, stick on topic, don't direct multiple personal insults to people over the course of several hours and days and you won't get people wanting you banned. It's not hard, nearly everyone else can manage it.
[QUOTE=JamesWales;5583013]No, I said there's multiple causes coming together. Which is true. You think it was purely down to racial hatred, which is not the full story and you won't find anyone of note who says it is.
I was saying this kind of thing tbh. The country is still a tinderbox now.
https://www.citystgeorges.ac.uk/news...agedy-uk-riots
By all means present it if you can find it.
There's another thread for that topic though. Post it there, stick on topic, don't direct multiple personal insults to people over the course of several hours and days and you won't get people wanting you banned. It's not hard, nearly everyone else can manage it
No that's not what you said
I don't care what you want put where or what you want to deny
You play the nuance card yet that's far from what you are
Here on trump love in post number 3000 for example
I am not interested in sharing polite political discourse , coffee shop style with your sort
I am certain you get a thrill out of thinking you are always right which is to use your style of analysis ....creepy
It's a sort of sado masochism
I can only come to the conclusion that people defending the seriel liar , thug , crook , sexual predator and all round tosser Trump are doing it to be " different "
Bunch of odd balls
[QUOTE=SLUDGE FACTORY;5583014]So you'll say something that is absolutely incorrect and then not back up your point when asked to do so?Quote:
Originally Posted by JamesWales
Then you'll claim that me writing a series of entirely neutral scenarios is "trump love". In fairness, that was more polite than your side kick in online abuse Mr AZ came up with tonight.
And then you think me objecting to you for writing 16 personally abusive posts in half a day is "sado masochism".
Face it Sludge, you are on fairly thin ice here. I would mind less but the kind of stuff you come out with makes the internet a pretty toxic place and I think I've reached the point of actually being totally sick of it.
[QUOTE=JamesWales;5583017]I really don't care that you deny all your right wing nonsense but it's always going to be pointed outQuote:
Originally Posted by SLUDGE FACTORY
You have a long long history of taking the other side , as it were and you do clearly do it for pleasure