Right... My understanding of things on these fronts: Recession: Oil prices, credit crunch, rising prices in food Depression: Same as above Oil: Consumption outstripping production War: Drop bomb, win oil fields. Happy happy. That's as far as it goes.. I don't read up on things. Mainly as i have no debt what so ever.. Prices at the pumps are affecting me somewhat due to my 60-70 mile round trip for work, but nothing i can't handle and still have plenty of play around money.. Same with food.. Plus i don't like to read about these things, you have opinions on every side, all conflicting.. So it's difficult to understand what is true. However with the media grasping onto it much more now, especially the recession side of things. I'd like some people(s) to explain what is due to happen to us all over the coming 1-3 years. Regarding oil, recession (possible) etc.. Obviously nobody has a glass ball, but somebody more intelligent than i saying what they think is due to come would be quite nice. Rather than me shifting through tones of media and end of the world sites every day to form an opinion.. Ta
Well I think in the UK Labour will be voted out, everyone will be "yay"... then they'll realise the Tories are no better
this is as far as i understand it: during the late 80s, banks had loads of money not really doing much, they then started offering credit, low interest loans etc People took these loans and all the money got circulating around the market, the result was that people had a lot more money than they needed and things were good As a result of all this free money in the market, and cheap goods coming in from countries like china, people started to spend A LOT. This caused prices of things that couldn't be imported (like houses) to rise, since people people had the money to spend on them. 1. Eventually credit limits were reached and banks started to realise that they couldn't keep going like they were, people were failing to pay back the loans they took out and so banks made it harder to get credit. 2. Poor countries started to get rich from exports and their economies started to strengthen, this made goods from those countries more expensive. 3. Energy prices are rising, its getting more expensive to get oil from the ground since all the easy deposits have been used up and economies of countries the oil is coming from are strengthening so the people there need higher wages. 4. Food prices are rising, this is due to increasing world population creating increasing demand on food resources. Coupled with massive failed rice crops in the east and farmers starting to grow cash crops for producing bio fuels This can be viewed as a recession, since the credit boom was never going to last and so we are going back to the way we were. It can also be viewed as a depression since things that were once cheap are going up in price and we will start to struggle to pay for things
The problem is all current political parties dont care about the 'little man' i.e us, they have there personal interests at heart only, and all we get is spin. There needs to be a political party for the people, but most importantly of the people, i dont want some oxford or cambrigde educated money hungry and power hungry **** running the country. We still have class divide, with elitism at the top, the problem comes when everyone in politics is an elitist. They dont understand what normal people go though. they had a problem with young people on the streets, so they pass a law to extend drinking hours in pubs and clubs. thats just passing the problem on. And before anyone dares shows there face and says there a dam Torie, let me remind you that the Tories opposed the NHS system! There greeded selfish B*****DS. i dont like 'NEW Labour' either, i now fall in the now big percentage of people who dont wish to vote as there is no one worth voting for! England is currently in charge by Mr. Brown a scot, who decides to give scotland free university fees, by increasing the UK tut fee! come on, how did he get away with that one! i also disliked the way he got into power. England at the moment is boardline dead, we are importing more than we are exporting, we have lost the very thing that made england the power it was, that being are industry. Another thing that pisses me off, its just be decided if i was to break into a house and steal something i will no longer be sent to prison, yes are justic system is a world joke! i kid you not i there were some kids in the street throw bricks at cars, we rung the police to be told 'well thats not right, but there only kids arent they'. to only then be told if i swear at the operator again i will be break some law in which doubt il end up getting arrested! how that make sense? I am going to stop my rant here, as i could go on for days and days, and my blood pressure is thought the roof right now.
At the moment what we have is a period of readjustment: prices rises (especially in the housing market) were unsustainable at the rate they were rising, so it was inevitable that there would come a period where prices flattened out and eventually started decreasing. In addition to this, many international banks have been severely damaged by the US sub-prime debacle (lending money to people with low credit ratings? That's got to go down as one of the stupidest decisions ever), meaning that they have less money to offer for loans and mortgages. Banks here don't want to get caught in the same problem (but here it was handing out mortgages based on five- or six-times salary), so have started to be more "realistic" with their mortgage offerings. The government has also been asking consumers to cut down on their spending, and interest rates have been raised by the Bank of England to help this - but it has backfired somewhat as people have cut their spending more than the government wanted. Continued talk of recession has also led to a slowdown in consumer spending, which has a knock-on effect to all the associated industries. Add in oil and food increases, and salary increases not keeping up with inflation, and people will cut down on "non-essential" shopping to make sure that they have enough to eat. We are overdue for a recession - we've had over 15 years of uninterrupted growth, that level of growth is unsustainable in the long term - but current forecasts suggest that it should only last for a couple of years as long as we don't see a crash in the housing market. Certainly nothing of the scale of the recession we saw in the early-mid 80s. Oh, and Burnout, I believe the decision on university tuition fees was made by the Scottish parliament, not the English one. Gordon Brown is, I believe, an MP not an SMP.
ok i may have slipped up on the topic of tut fee's, but its still criminal to charge for them, how was it back so many years ago tut fees were free? Universitys made money by carrying out research for major companies, and they still do research, i believe my uni still earns 3rd of its money via research alone. Another big question that must be asked, why are we fighting in afghanistan, and playing around in Iraq. And now America is making a go at Iran! You cant tell me its to do with terrorism, its been about OIL since 9/11 occured. What ever the cause of 9/11 its still a shame that so many civilian lives were lost. Still something dosen't add up on this whole matter, but i dont want to spark a conspiracy theory crap, because it just ends up in hearsay. What i hate is people who find it neccessary to calm for doll money, only to then spend it on cigerettes and booze, and then to moan that they got nothing but still refuse to work. Bring back national service to the UK, stop importing things we bloody well use to make, and sort out the rail network so its cheap and realible, it use to be that way!
A hell of a lot more people are going to University now, means the research and the like can't fund it completely any more.
when they raised the tuition fees (1 year before i went to uni the muppets!) i seem to remember them saying unis could charge £1500-£3000 for tuition, it would have been nice if some unis actually charged something other than £3000. Another thing that annoys me is i go to a welsh uni and students who are welsh get to pay reduced fees of £1200...well isnt that nice
back in the day 'cough', you use to get a job at a local company and then they would send you off to get a degree, and you would do and say what they wanted, they gave you accomindation and a car, pretty good i say! Then a certain political party decided that england didn't did its steel works and coal miners, so companies linked with these industrys started to go belly up. Nottingham trent uni use to be linked with Land rover, the whole engineer department was funded by them, engine tests and designs were done there. they supplied some serious kit aswell, proper stuff! but now all of that has gone, most the equipment was reclaimed by land rover and sold off. Crying shame really.
he had bugger all to do with it. we got our own semi-govenrment and that got voted in by our lot. sounds like racism to me.
