Credit deflation and the reflation cycle to come (part 2)

[HousePriceMania]

2 hours ago, Noallegiance said:

Sorry, is this a roundabout way of saying we could see rationing over winter?

I've done the right thing and filled up all our cars.

Went and did some panic buying also.

Sugar is like Politician's morals.

[Castlevania]

3 hours ago, Yadda yadda yadda said:

Edit to add that dentistry has already been ruined to the extent where people of modest means (me) have gone private.

Dentistry is a strange one as the dentists themselves were never nationalised. They could get an NHS licence and then take on NHS customers, but they were always a private endeavour who were/are paid piece rate for working on the NHS. This throws up many ethical conundrums. Drill and fill to you heart’s content or go down the route of taking on a ridiculous number of customers and spend a couple minutes having a quick poke around 70+ patients a day. Spend the money on materials that will last years or use cheap ones knowing that the NHS patient will be back in a few years for you to patch it up. In addition most of the developments in dentistry over the past 30+ years is purely cosmetic and the NHS won’t pay for it.

[dnb24]

Is systemic collapse the plan all along?

CBDCs discussed this week with “programming” part of their qualities

From the telegraph 

https://archive.ph/740Rb

[Loki]

15 minutes ago, dnb24 said:

Is systemic collapse the plan all along?

CBDCs discussed this week with “programming” part of their qualities

From the telegraph 

https://archive.ph/740Rb

Quote

He said: “You could introduce programmability - what happens if one of the participants in a transaction puts a restriction on [future use of the money]?

“There could be some socially beneficial outcomes from that, preventing activity which is seen to be socially harmful in some way. But at the same time it could be a restriction on people’s freedoms.”

 

Let me guess: CO2.

[MrXxxx]

12 hours ago, Castlevania said:

My cousin is a GP and he thinks that initial appointments via video call as a sort of triage is fantastic. You weed out the serial hypochondriacs who are constantly wasting your time. So there is a way to make GP’s more efficient, however knowing the government they’ll bin it and go back to the old system.

Another way to weed out the hypochondriacs and timewasters would be to make a token charge, say £5-10...everybody has some sort of credit/debit card these days, and the whole system can be automated so why not?

[Yadda yadda yadda]

2 hours ago, RWJ said:

My employer has gone all in on 'Mental Wellbeing', and 'Managing Work Intensity' and I think most folks, including me, see that as opportunity to care less.  Not difficult when you're wfh the majority of the time.

I don't know if this is more widespread but I've had some terrible customer service recently from a couple of firms that are normally very good and it feels like the same reason.    

I try to keep myself motivated. Workload also varies a lot and I'm confident I'll kick into top gear when it gets busy next month. I've got pride.

That said I think WFH was initially novel and there was a spirit of doing your bit in an emergency to start with. Now people have been WFH for 18 months it isn't new, communication may have declined and bad habits can creep in. You've got to weigh that against the vast savings on rent.

[Loki]

Perhaps the whole country has just had enough.

[Yadda yadda yadda]

49 minutes ago, Castlevania said:

Dentistry is a strange one as the dentists themselves were never nationalised. They could get an NHS licence and then take on NHS customers, but they were always a private endeavour who were/are paid piece rate for working on the NHS. This throws up many ethical conundrums. Drill and fill to you heart’s content or go down the route of taking on a ridiculous number of customers and spend a couple minutes having a quick poke around 70+ patients a day. Spend the money on materials that will last years or use cheap ones knowing that the NHS patient will be back in a few years for you to patch it up. In addition most of the developments in dentistry over the past 30+ years is purely cosmetic and the NHS won’t pay for it.

Private dentistry is worth the extra. Much more thorough.

[TNS]

17 minutes ago, Yadda yadda yadda said:

I try to keep myself motivated. Workload also varies a lot and I'm confident I'll kick into top gear when it gets busy next month. I've got pride.

That said I think WFH was initially novel and there was a spirit of doing your bit in an emergency to start with. Now people have been WFH for 18 months it isn't new, communication may have declined and bad habits can creep in. You've got to weigh that against the vast savings on rent.

Yeah, cracking open wine at midday probably isn’t the best idea 

[leonardratso]

you guys need diy denistry, my fine set of oak teeth will last years as long as i varnish them regularly, in fact they should grow a little every year and ive already planted an oak tree in the back garden ready for when i need a new set.

looking fine marty mcfly;

 

LANDG have written to me again with new terms and conditions, after they told me i had too much of my pension in a cash fund - which caused me to put even more into the cash fund - they now say that they will swap out funds on my instructions on unit prices in 2 days, rather than today using live or maybe set time (midday?) prices. Makes me want to put even more in the cash fund.
They werent great anyway, their available funds have taken forever to grow and then only a small amount to say what some other funds have done over the last few years.

[RWJ]

12 minutes ago, Yadda yadda yadda said:

I try to keep myself motivated. Workload also varies a lot and I'm confident I'll kick into top gear when it gets busy next month. I've got pride.

That said I think WFH was initially novel and there was a spirit of doing your bit in an emergency to start with. Now people have been WFH for 18 months it isn't new, communication may have declined and bad habits can creep in. You've got to weigh that against the vast savings on rent.

The other thing is wfh full time has opened our eyes to the fact most people can do their jobs in much less than 35/40 hours per week, if we cut out all the unnecessary bullshit like pointless meetings and harebrained admin tasks.  Everyone gets more time for themselves and the key stuff still gets done.  

[Loki]

3 hours ago, Cattle Prod said:

Edit: to add a text box to annoy the people out there who nick stuff off this forum.

 

If it's MSM I'd just like to reiterate that I told you all to buy CNA  who's laughing now, fuck off and read the COVID forum ya spineless lying quims. 

 

[Loki]

Blimey the 10Y note has gone up by 1% today.  That's quite a move for 12 hours isn't it?

[leonardratso]

29 minutes ago, Loki said:

Blimey the 10Y note has gone up by 1% today.  That's quite a move for 12 hours isn't it?

for bitcoin its a non event.

If it hasnt moved 20% in 6 hrs its not considered an event.

But for a bond/treasury note id say thats a whopper for 12hrs.

[macca]

4 hours ago, reformed nice guy said:

Cherry is about 61p per litre just, so Iv heard last year I topped up at 45p!

 

 

ive got 16tlrs of paraffin and a heater and a couple of lanterns if the lights go out, just rigging up a solar system with a couple of hundred AH batteries i got for free.. they are 4 years old but it think it will work.. if not down the scrappies for a large wedge of cash.

[macca]

4 hours ago, Noallegiance said:

Yes. Yes it is.

Now PETROL is rationed as BP to restrict deliveries and close stations (msn.com)

IR35 lorry driver shortage.. along with Brexit and people realising there is more to life than being a layby rapist.. only joking about the Brexit

https://www.contractorweekly.com/tax-a-ir35-news/ir35-reform-sees-lorry-driver-shortage-reach-crisis-point/

[JMD]

8 hours ago, Hancock said:

I had crippling pain in my abdomen recently and called 111, they told me to call an ambulance and go to A&E.

I got a lift down instead, and the woman at reception said there is a queue of 10 or so ambulances, and 120 people waiting. This was on a weekday night at 10pm, I've never seen A&E so busy.

111 has to be at fault for sending so many people needlessly to the hospital, to cover themselves.

But no out of hours doctor doesn't help.

You've reminded me, performing 'out of hours cover' was the other responsibility that was removed from the GP contract in that 2008 review. The arrogance of the medical profession is astounding. I think their response to covid has been appaling. And i think they will be shocked at the public critisism coming their way. But for now, Neil Oliver sums things up for me, he said recently: 'I used to trust all doctors. Now I don't trust all doctors.'... Revolutions begin with such sentiment.

[JMD]

8 hours ago, Errol said:

This isn't how that would work. If there was an open blockade we would be in Defcon 2 in hours and Defcon 1 unless the US withdrew. China (and Russia) always have subs in position on both East and West coast. Nuclear launches could happen within minutes giving the US no time to respond or defend themselves.

In any event, China has a massive navy with more than enough assets (including submarines) to track and destroy enemy targets. They are building more constantly. 

Also, Russia can supply most of what China requires. If it comes to the West trying to strangle China, I would expect Russia to step in immediately to supply as much as possible - by land, but also using the Northern sea route. No blockade can be effective with Russia, the country with the most stuff (to put it bluntly) overtly supplying China with all the essentials.

Present day and tactically, what you say is probably correct. However, I think by the time those Aussie subs are getting chippy with China, the West and Russia will have another detente well underway. And Russia and India, like minded and close partners today, will be actively ganging up on China. Russia hates being China's junior partner, Russia can live (kinda) with merely despising us in the West, but long term it wants China to dissolve into its 15 or so separate provinces, just like itself humiliatingly suffered when its own 15 republics of the former USSR disintegrated... This I think will be the intended gameplay, but the brinkmanship and whether all goes to plan is of course another matter. 

[Talking Monkey]

9 minutes ago, JMD said:

Present day and tactically, what you say is probably correct. However, I think by the time those Aussie subs are getting chippy with China, the West and Russia will have another detente well underway. And Russia and India, like minded and close partners today, will be actively ganging up on China. Russia hates being China's junior partner, Russia can live (kinda) with merely despising us in the West, but long term it wants China to dissolve into its 15 or so separate provinces, just like itself humiliatingly suffered when its own 15 republics of the former USSR disintegrated... This I think will be the intended gameplay, but the brinkmanship and whether all goes to plan is of course another matter. 

Fuck me I hope I live to see that, would be ace to see China disintegrate just for the sheer excitement factor. 

[JMD]

8 hours ago, JMD said:

I've just posted on this. I believe those votes happened back in 2008. But I may have muddled the GMC with the GMC! My bad, however my main criticisms of these professional bodies still stand.

Oops, 'muddled GMC with the BMA' is of course what I had meant to say.

[wherebee]

12 minutes ago, Talking Monkey said:

Fuck me I hope I live to see that, would be ace to see China disintegrate just for the sheer excitement factor. 

be about 100 million dead, so maybe not so cheery, eh?

[The Grey Man]

9 minutes ago, JMD said:

Present day and tactically, what you say is probably correct. However, I think by the time those Aussie subs are getting chippy with China, the West and Russia will have another detente well underway. And Russia and India, like minded and close partners today, will be actively ganging up on China. Russia hates being China's junior partner, Russia can live (kinda) with merely despising us in the West, but long term it wants China to dissolve into its 15 or so separate provinces, just like itself humiliatingly suffered when its own 15 republics of the former USSR disintegrated... This I think will be the intended gameplay, but the brinkmanship and whether all goes to plan is of course another matter. 

Very good points.

India is part of the Quad for sure. At present.

Its military tech is spread amongst the big players regarding its buying and joint committments. Friends to everyone.

India is a key stone to any Indian Ocean/Pacific plan.

Very similar to the post banks crisis. But India was fucked off.

India needs some sharp politicos at the moment.

They could make good. Perhaps stop the great slave reset here.

Post banks collapse India should have been the next China for offshoring.  China was too expensive then.According to the plan makers then.

Never happened. I like chaos. Rules are ignored. Risky for sure.

Modi needs to stop being PO'ed about the dams in Afghanistan and start playing the game properly

They are best placed to upset the hegemony. I asked on some post, after the Biden speech this week, what it takes to be a partner in team Biden. No answers. India is the military quad. Not a partner. Not a business partner.

For me, that is good. 

They need to pull their weight or be used and abused.

I want them to. I can hear the Indian call worker uk scams quotes. Fine.

If they dont pull rank here then just read the BBC for your news and futures.

[Talking Monkey]

32 minutes ago, wherebee said:

be about 100 million dead, so maybe not so cheery, eh?

Maybe so, a 100 million chinese dead, possibly, maybe, to avoid global enslavement by a rapacious and predatory China.

Its still a cheery proposition to me as my kids and grandkids won't be enslaved in some Chinese controlled dystopian prison planet. 

[JMD]

6 hours ago, Talking Monkey said:

On GPs specifically could you elaborate on what is the writing on the wall they see. Is that they know in the next 5 to 10 years tech is going to take their jobs or is it something else. 

More generally a real malaise has fallen over the white collar professional types. All the drive has evaporated. 

Yes, tech is a large driving part, leading to job insecurity and reduction in prestige, not helped any by the GPs themselves using Google search during patient consultations, ive experienced this happen myself. But GPs have a unique, semi-detached relationship with the NHS, they are not employees, instead they contract their private services to the NHS. They are renumerated by the number of patients on their list, and by whether they reach state targets for immunisations or for certain health screenings for diabetes or cervical sneers, etc, which commoditises both the patient and the work of the GP. GPs used to favour their special relationship with the NHS but today it is seen as isolating and a barrier for career progression. 

[MrXxxx]

6 hours ago, Talking Monkey said:

Maybe so, a 100 million chinese dead, possibly, maybe, to avoid global enslavement by a rapacious and predatory China.

Its still a cheery proposition to me as my kids and grandkids won't be enslaved in some Chinese controlled dystopian prison planet. 

No, they will be enslaved in a `democratic` UK one! :-)