Credit deflation and the reflation cycle to come (part 3)

[M S E Refugee]

This is the worst one so far

Notgoingbacktofuture · Today 10:39

EthicalNonMahogany · Today 09:08

Occam's razor disproves the idea of a giant great reset that's been planned in secret and is designed to harm individuals.

The WEF is not a shadowy sinister organisation. It's describing the problems with current capitalism- which we can all see, right? - inequity, oil dependency, and the paticular way our overconsumption of resources and economic growth is now bumping against the boundaries of the ecosystems of the planet. They are taking responsibility as a membership organisation of the people who DO have power in the world to transparently discuss how we could run things differently. What's the problem with that? Why does anyone think it's being done secretly? What, in fact, should they do, if not that? There's no future for conventional economics.

Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy. I would invite conspiracy theorists to engage with the problems of the world and proffer solutions rather than hide from the problems by whining that the grown ups are corrupt.

Really well put! @EthicalNonMahogany

Add

[Chewing Grass]

7 minutes ago, M S E Refugee said:

This is the worst one so far

Notgoingbacktofuture · Today 10:39

EthicalNonMahogany · Today 09:08

Occam's razor disproves the idea of a giant great reset that's been planned in secret and is designed to harm individuals.

The WEF is not a shadowy sinister organisation. It's describing the problems with current capitalism- which we can all see, right? - inequity, oil dependency, and the paticular way our overconsumption of resources and economic growth is now bumping against the boundaries of the ecosystems of the planet. They are taking responsibility as a membership organisation of the people who DO have power in the world to transparently discuss how we could run things differently. What's the problem with that? Why does anyone think it's being done secretly? What, in fact, should they do, if not that? There's no future for conventional economics.

Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy. I would invite conspiracy theorists to engage with the problems of the world and proffer solutions rather than hide from the problems by whining that the grown ups are corrupt.

Really well put! @EthicalNonMahogany

Add

Misses out that all the wealth is being siphoned off to the top of the pyramid in a rather undemocratic and globalist totalitarian fashion.

[leonardratso]

just a bunch of annoying cunts as far as i can see, ill bet that guy/gal wouldnt be very happy owning nothing, hypocrites of the highest delusional champagne socialist 'immigrants welcome' virtue signalling arsehole order. I hope they feel it really hard.

probably a teacher or NHS worker.

 

[Loki]

9 minutes ago, M S E Refugee said:

This is the worst one so far

Notgoingbacktofuture · Today 10:39

EthicalNonMahogany · Today 09:08

Occam's razor disproves the idea of a giant great reset that's been planned in secret and is designed to harm individuals.

The WEF is not a shadowy sinister organisation. It's describing the problems with current capitalism- which we can all see, right? - inequity, oil dependency, and the paticular way our overconsumption of resources and economic growth is now bumping against the boundaries of the ecosystems of the planet. They are taking responsibility as a membership organisation of the people who DO have power in the world to transparently discuss how we could run things differently. What's the problem with that? Why does anyone think it's being done secretly? What, in fact, should they do, if not that? There's no future for conventional economics.

Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy. I would invite conspiracy theorists to engage with the problems of the world and proffer solutions rather than hide from the problems by whining that the grown ups are corrupt.

Really well put! @EthicalNonMahogany

Add

Now That's What I Call Midwit 

[Starsend]

15 minutes ago, ThoughtCriminal said:

I'd happily kick stupid bitches like this around a room until I couldn't feel my legs.

 

Me with a mumsnutter when she starts slagging her husband off for being a prepper. (Don't watch if you're of a nervous disposition).

 

 

Haha shit, that'll certainly learn 'em

[M S E Refugee]

2 minutes ago, Loki said:

Now That's What I Call Midwit 

Very strange logic that she thinks the Husband is controlling and making all of the decisions and yet this fool is quite happy to outsource her mind,body and wealth to Klaus.

[Starsend]

14 minutes ago, M S E Refugee said:

This is the worst one so far

Notgoingbacktofuture · Today 10:39

EthicalNonMahogany · Today 09:08

Occam's razor disproves the idea of a giant great reset that's been planned in secret and is designed to harm individuals.

The WEF is not a shadowy sinister organisation. It's describing the problems with current capitalism- which we can all see, right? - inequity, oil dependency, and the paticular way our overconsumption of resources and economic growth is now bumping against the boundaries of the ecosystems of the planet. They are taking responsibility as a membership organisation of the people who DO have power in the world to transparently discuss how we could run things differently. What's the problem with that? Why does anyone think it's being done secretly? What, in fact, should they do, if not that? There's no future for conventional economics.

Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy. I would invite conspiracy theorists to engage with the problems of the world and proffer solutions rather than hide from the problems by whining that the grown ups are corrupt.

Really well put! @EthicalNonMahogany

Add

"Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy."

That bit made me laugh. I'm sure you all thought the same as I did, how about I own something and am happy. Christ, reminds me of an ex of mine, that kind of gibberish, you just can't reason with them.

[Rare Bear]

9 hours ago, Virgil Caine said:

I am sure that graph will be a great comfort when the power goes off. 

The problem in the 1970s was that Britain was overdependent on coal for electrical power generation. Now it is overdependent on gas. The major failure is that the U.K. has not opened any nuclear power stations since 1995. Our power generation mix is simply wrong and we have essentially learnt nothing from the 1970s.
 

Bit like a comment a thinking priest said of the population falling away from the church. Careful you don't replace one tyranny with another.

[ThoughtCriminal]

23 minutes ago, M S E Refugee said:

This is the worst one so far

Notgoingbacktofuture · Today 10:39

EthicalNonMahogany · Today 09:08

Occam's razor disproves the idea of a giant great reset that's been planned in secret and is designed to harm individuals.

The WEF is not a shadowy sinister organisation. It's describing the problems with current capitalism- which we can all see, right? - inequity, oil dependency, and the paticular way our overconsumption of resources and economic growth is now bumping against the boundaries of the ecosystems of the planet. They are taking responsibility as a membership organisation of the people who DO have power in the world to transparently discuss how we could run things differently. What's the problem with that? Why does anyone think it's being done secretly? What, in fact, should they do, if not that? There's no future for conventional economics.

Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy. I would invite conspiracy theorists to engage with the problems of the world and proffer solutions rather than hide from the problems by whining that the grown ups are corrupt.

Really well put! @EthicalNonMahogany

Add

This has to be one of you fuckers on there winding me up! 😂

[ILikeCake]

39 minutes ago, DurhamBorn said:

Its ironic,but the mental cases are the ones who dont see the problems.Imagine that they simply think the world will stay exactly the same.Makes you wonder if these are bennie mothers etc,or loaded because they arent normal.Energy has trebled and more,the guy tried to simply prepare.Lots of these people are in for a huge shock.Wonder if the above has a few BTL and/or a big mortgage.

Big mortgage and Audi or Range Rover on hire guaranteed.

[M S E Refugee]

1 minute ago, ILikeCake said:

Big mortgage and Audi or Range Rover on hire guaranteed.

I suppose they already own nothing and be happy.

[Starsend]

21 minutes ago, M S E Refugee said:

I suppose they already own nothing and be happy.

I've had way too many pints of Hobgoblin, I no longer own them cos I drank them, but I am way happy.

[Loki]

3 minutes ago, Starsend said:

I've had way too many pints of Hobgoblin, I no longer own them cos I drank them, but I am way happy.

Of course you own it, except now it's Fosters

[Pip321]

1 hour ago, M S E Refugee said:

I think that Mumsnutter thread could be one to keep an eye on.

DPMismyfavouritecolour · Today 19:27

He's in deep, I'd get out as soon as possible, you cannot save him, he doesn't believe he needs it, he thinks he's saving everyone else. It is a cult and he's lost to it, I'm sorry. You see the ones on here agreeing with his delusions? They are lost too, so take no notice of the gaslighting tripe they come out with. I had a friend like this, cut her out when she went full on with the 'covid is a hoax' and viruses don't exist at the beginning of the pandemic. I feel for her unvaccinated kids, especially the boy because unless he gets immunised against mumps before puberty, he could be made infertile by catching it after puberty. So her 'right' to be delusional trumps their rights to not be made vulnerable to all the easily vaccinated diseases and not be made infertile in his case. Fuck em, I cannot stand conspiracy theorists, they actively choose this bullshit and it's a big problem. I'm so sorry you have to deal with this, best of luck.

Thx. Good thread…if a little frustrating.

Some reflection on our views, would be whilst it might be great to have an academic argument with a friend/neighbour or family member for self gratification….it’s more important to be cleverer than that. 

It’s about winning real battles, not debates and not burning bridges. And i don’t mean it’s all about being liked or not wanting to offend but all bridges are useful even if they lead to a fuckwit….you may need them as a stepping stone if waters get deep. That’s how the rich get richer and more powerful, by stepping on others. 

So whilst it’s good to have a few like minded associates it’s not worth trying to debate how the US goaded Putin into invading Ukraine, or debating macros when down the pub to the man at the bar. Deaf ears. (Others on here may have different experiences of course) 

A spouse obviously is a different and trickier matter. I guess the DH in the original mumsnet post needed to ‘manage’ that relationship differently….she will never be on board, no point banging your head on a brick wall. It’s then a question of being more understated (ie still buy that gold but not ‘preach’ about it) if you want to keep the relationship going more than you want to prepare….or move on if the relationship isn’t as important as preparing.

We have 3 months supply of beans and my wife just assumes I stocked up because they were cheap and prices are rising. She’s happy with that….better I chase beans than chasing women.😉

[Joncrete Cungle]

1 hour ago, Starsend said:

"Why shouldn't we own nothing and be happy? Better than owning a load of shite and being unhappy."

That bit made me laugh. I'm sure you all thought the same as I did, how about I own something and am happy. Christ, reminds me of an ex of mine, that kind of gibberish, you just can't reason with them.

I would like to own our home, then I can stop working 60 or 72 hour weeks. Put my feet up a bit and enjoy life, save and invest a bit more and semi retire at 58, assuming I can still access my SIPP then. Beats working to pay rent / huge mortgage into my late 60's or 70's

I don't want to be paying rent / compound interest all my adult life.

[Lightly Toasted]

1 hour ago, M S E Refugee said:

I suppose they already own nothing and be happy.

Well yes, I suppose of you own a negative amount (liabilities > assets) then owning nothing might well make you happy!

[Axeman123]

I don't know if this was previously posted, so apologies if it has:

Hugh Hendry and Prof David Blancheflower, former BoE MPC member(!)

Halfway through and already well worth watching, although sadly the Alchemist continues to be a twat.

Lots of stuff about MPC dysfunction. Also beleives many economic relationships from before 2008 have permanently broken but central banks haven't realised yet.

Will finish watching it tomorow.

(Bonus: The 'personal life' section of Blancheflowers' wikipedia page is...interesting)

[Joncrete Cungle]

Blanchflower was part of the problem when the was on the MPC.

From Wiki

Six other members of the MPC have served during Blanchflower's time on the MPC. Blanchflower continually voted for rate cuts.^[19] At the September 2008 MPC meeting, Blanchflower distanced himself further from consensus by voting for a 0.5% 'cut' against the other eight members' 'hold'.^[20]

In the Autumn of 2008, the worldwide economic situation began to deteriorate dramatically, most clearly evidenced by dramatic falls in the values of shares worldwide. On 8 October 2008, the BOE took part in a set of simultaneously announced cuts in the policy rate of a number of major Central Banks. The MPC eventually came around to Blanchflower's view and subsequently lowered rates to levels never before seen in the Bank of England's existence and moved to do unprecedented levels of quantitative easing.

 

[Phil]

52 minutes ago, Joncrete Cungle said:

I would like to own our home, then I can stop working 60 or 72 hour weeks. Put my feet up a bit and enjoy life, save and invest a bit more and semi retire at 58, assuming I can still access my SIPP then. Beats working to pay rent / huge mortgage into my late 60's or 70's

I don't want to be paying rent / compound interest all my adult life.

What the fuck is your problem? Ffs. Supply, supply, supply. Don’t be late for work tomorrow. GDP depends on you.

My Mrs gave 25p to charity on Saturday. I nearly blew my fuckin brains out. I kept calm for the sake of humanity, and obviously, not wanting to fall out with the Mrs as she would go into “ your just a tight cunt” mode, which she did slightly.

Rant over. I have had a tot.
 

[JMD]

5 hours ago, Democorruptcy said:

I find that post quite offensive. You seriously want my taxes to be used to bail out what could be multiple asset owners? People who have overstretched themselves now get my taxes to pay their energy bills, so they have enough left over to be able to pay bankers their mortgage payments. W... T.... F.... I have no problem with help being given to the really in need. Let them huddle together to keep warm in a debtor's prison.

The only bailout I'm interested in is in terms of stabilising energy costs for industry/business. It would help limit job losses over next 24 months, plus also encourage further inward investment by companies that will hopefully choose the UK over the chaotic energy polices of Europe. Imo this should be the current priority. And in any case BTL owners are already begining to sell up, although I do accept HMO owners would probably benefit from this - but only a temporary reprieve I expect.

This is actually part of my thinking in what Truss should be looking to offer the country. If politically clever she should do some of those business tax cuts she's earmarked to doing, however she should also offer other benefits such as free training budgets to further attract companies to expand/relocate to the UK. The clever part is that voters will like the idea of training+job. Truss has been coy over what her big-borrowing will be spent on. Policies offering hope will help secure the next election.... Will wait and see if anything like this is announced in coming weeks.

Decl: I don't vote conservative, but nor do I want to see Sir 'Barney Rubble' Starmer get in!

[Lightscribe]

3 hours ago, Loki said:

Could just be 77th

Exactly that, some people here won’t know what you mean by that, but the obvious info agents that were out in force during the covid narrative have moved on.

Mumsnet is the perfect target, groupthink, wide audience, moderation of alternative opinions etc.

[Phil]

12 minutes ago, JMD said:

The only bailout I'm interested in is in terms of stabilising energy costs for industry/business. It would help limit job losses over next 24 months, plus also encourage further inward investment by companies that will hopefully choose the UK over the chaotic energy polices of Europe. Imo this should be the current priority. And in any case BTL owners are already begining to sell up, although I do accept HMO owners would probably benefit from this - but only a temporary reprieve I expect.

This is actually part of my thinking in what Truss should be looking to offer the country. If politically clever she should do some of those business tax cuts she's earmarked to doing, however she should also offer other benefits such as free training budgets to further attract companies to expand/relocate to the UK. The clever part is that voters will like the idea of training+job. Truss has been coy over what her big-borrowing will be spent on. Policies offering hope will help secure the next election.... Will wait and see if anything like this is announced in coming weeks.

Decl: I don't vote conservative, but nor do I want to see Sir 'Barney Rubble' Starmer get in!

I like your post. But. The Cuntry only wants free stuff. I hate to say, but , unfortunately, it will be labour and more idiotic BS 2024 ( maybe, had to put that in to seem an optimist) Not dissimilar to the present imo. Shame. It could have been all so different. Me personally, imo, think the UK is fubared. All mentioned here on this thread.
A return to Boys from the black stuff is what I see, hopefully wrong. But I doubt it. Bring on Yozzer  Hugh’s . Gizza job. 
 

[wherebee]

It's a sea of red across the markets here in Oz this morning, as well as the off market trading in oilies is down.  Did Sleepy Joe die last night or something?

[Lightscribe]

6 hours ago, M S E Refugee said:

Very strange logic that she thinks the Husband is controlling and making all of the decisions and yet this fool is quite happy to outsource her mind,body and wealth to Klaus.

Lots of these spend their lives on mumsnet in the beginning because they’re bored and frustrated with life at home in stagnant relationship.

They go there to moan and get confirmation bias how they are in the right in regards to all their relationship issues. Lots of men stopped being men a long time ago. 

In nature females naturally herd themselves and their offspring to the dominant authority for safety. 

Being dominated by Klaus probably offers some type of weird fetish.

[wherebee]

13 minutes ago, Lightscribe said:

Lots of these spend their lives on mumsnet in the beginning because they’re bored and frustrated with life at home in stagnant relationship.

They go there to moan and get confirmation bias how they are in the right in regards to all their relationship issues. Lots of men stopped being men a long time ago. 

In nature females naturally herd themselves and their offspring to the dominant authority for safety. 

Being dominated by Klaus probably offers some type of weird fetish.

I think we should get @King Penda a mumsnet account and set him loose.  He'd die of exhaustion in a week.