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Tuesday, September 30, 2008

Deposits Guarenteed - not the issue!

So the Irish Government has now guaranteed all deposits - of course they have because this is the one commodity that they need cash . . . this is what the whole crisis is about ????? So next the UK government Brown and Co., - namely yon guy with the white hair but black eyebrows (what's that about . . . lol) will do the same - wow! am I supposed to be impressed here.

In my mind the real question here are investments - not cash in the bank - I should have this problem - having £35 000 in every bank . . . What is being done about people who have invested money in the myth of making money for their pension - TOUGH! seems to be the answer because no one is even looking at that side of things . . . even if they vote in America to give the $700 Billion dollars . . . exactly what is it to be used for - what are the tangible benefits going to be to the man in the street . . . access to money for a loan / extended credit / a mortgage . . . wait a minute are these not all the things that caused the problem in the first place . . .

Is the actual problem not that Brown / Bush et al - lived and surfed on the credit wave - every Tom, Dick & Harry were able to access almost limitless amounts of debt and when they were up to their eyeballs in it - guess what the banks threw more in their direction . . . Brown being the expert in the area - could not see this coming . . . Oh yes - he could but - like the rest of us he did not want to admit it NO . . . so now he (and everyone else . . .) will have us believe that NO one could have foreseen this . . . . what nonsense - if you (and I am sure a lot of you have look after your own pennies) had run your household finances the way he has run this country - guess what - no one would have sympathy for you . . . . your in a high flying job and what do you do you spend everything you earn - but that is not the worst of it . . . you then go beyond that - because that is not even enough for you - you take out massive loans to fund additional spending . . . you getting an inkling of how ridiculous his handling of the economy was / is ????? And the only thing that helped him and allowed him to perpetuate this whole lie was an over-heated house market . . . Let me tell you what I think - what went un-said over the last 10 years was that he / they the Labour party would have done anything to make sure that set of conditions carried on . . . Did that protect the citizens of this country - UK house prices rose by more than any other European country . . . did the standard of living go hand in hand with this though???? No I don't think so . . . and what about the level of the UK's indebtedness i.e. how much they have borrowed to implement their policies - I don't have the figures - but it is atrocious that the UK and its economy should be at the same level as countries like Egypt . . . world leaders . . . yes on the negative side - another sign of the so-called Brown legacy.

Where to from here . . . you just don't know . . . what will happen the US will get their monopoly money amount sometime on Thursday . . . lets see what Cameron has to say in his speech although he seems to have taken a conciliatory approach now i.e. united we stand . . . managed to get a few mentions on the news otherwise I think the Tory conference may have been all but swallowed by events as they unfold . . .

Is it any wonder the elections are so close in the US - they are now both supporting the bail-out bill . . . .

I think I'd like to see a head to head debate on TV like the US - Cameron / Brown / Clegg . . .

OK that's my rant for the evening . . . - let me see what my two banks are up to Northern Rock & Bradford and Bingley . . . may have some more added to my (tax-payers) portfolio before the week is out . . . not that anyone asked my opinion - what a joy to live in a true democracy!!!!! What a joke!

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