ChatterBank6 mins ago
Gordon Brown
8 Answers
Why is everyone blaming Gordon Brown for the recession. It was the Yanks who started it, Wasn't it? He is doing his best so let's give him a chance to sort it out. I think he's the best man for the job, not the "squeaky clean "upstart trying to oust him..Don't you agree?
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We live in a capitalist economy , that requires the banks to function.
Banks make large profits , that get divided up into taxes and bonus.
They lend money to business at risk ...and so the world we live in goes around :-)
Now starts the sh*t storm ...lol
Banks took too many risks and got away with the gambles. The western goverments liked it , because they enjoyed the fruits of the large profits and king of pickers was good old Gordon the clown and the idiot Darling ...
They blew the extra taxes ...like the party would never stop ...and borrowed on the back of it also ..they were popular ...lots of extra goverment workers (1 in 5 work for the goverment) .....
But the the music stopped ...the party was over ...the drink had run out !
So where do we stand now ....to sum it up ...you aint seen nowt yet ...
It's like i have just blown £100K on a credit card and I earn £15K per year ...it don't hurt yet ..the bill has not come in yet ...and If I don't pay the gas bill I can pay the 1st months interest on the card ....
lol ....
I find the whole thing exciting ...bit like watching a real disaster movie ...
Anyway the good news , is the bit of finance I work in has done well from the downturn.
If shares crash we make money ...lots ...and if the mrket rockets we do well ....
The more volatile the better ....
We live in a capitalist economy , that requires the banks to function.
Banks make large profits , that get divided up into taxes and bonus.
They lend money to business at risk ...and so the world we live in goes around :-)
Now starts the sh*t storm ...lol
Banks took too many risks and got away with the gambles. The western goverments liked it , because they enjoyed the fruits of the large profits and king of pickers was good old Gordon the clown and the idiot Darling ...
They blew the extra taxes ...like the party would never stop ...and borrowed on the back of it also ..they were popular ...lots of extra goverment workers (1 in 5 work for the goverment) .....
But the the music stopped ...the party was over ...the drink had run out !
So where do we stand now ....to sum it up ...you aint seen nowt yet ...
It's like i have just blown £100K on a credit card and I earn £15K per year ...it don't hurt yet ..the bill has not come in yet ...and If I don't pay the gas bill I can pay the 1st months interest on the card ....
lol ....
I find the whole thing exciting ...bit like watching a real disaster movie ...
Anyway the good news , is the bit of finance I work in has done well from the downturn.
If shares crash we make money ...lots ...and if the mrket rockets we do well ....
The more volatile the better ....