24-04-2017, 16:55
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#46
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cf.mega poster
Join Date: Dec 2013
Posts: 14,327
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Re: European Elections 2017
Quote:
Originally Posted by pip08456
So the money never existed but the Government propped up the banks because they'd lost the money that never existed anyway.
You on cookooland Damien?
Consider this. I have a property you want to buy so you get a mortgage for it, contracts are exchanged and I am paid by whoever you organised the mortgage with.
Just because you don't see the money doesn't mean it doesn't exist.
Money cannot "disappear" it may become less valuable but it still exists somewhere.
Like it or not, someone somewhere made billions out of the sub prime market and stitched up the banks. We have had to pay for it though as usual.
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You buy a car. Sell it a year later and it will have lost thousands. Money disappears.
Yes, those house builders, realtors, mortgage-lenders in the US rust belt and elsewhere did rather well. How well they will do in the long-term is another matter.
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24-04-2017, 17:07
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#47
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Sad Doig Fan!
Join Date: Aug 2007
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Age: 68
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Re: European Elections 2017
Quote:
Originally Posted by 1andrew1
You buy a car. Sell it a year later and it will have lost thousands. Money disappears.
Yes, those house builders, realtors, mortgage-lenders in the US rust belt and elsewhere did rather well. How well they will do in the long-term is another matter.
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Wrong analogy.
I buy a car, having used it the value of it is less and rightly so, it's not worth the same as a new one. The point is it was paid for so the money changed hands in the beginning so someone had it.
Unless they bought another car they still have it.
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24-04-2017, 17:27
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#48
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Inactive
Join Date: Oct 2006
Location: Right here!
Posts: 22,316
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Re: European Elections 2017
Maybe we should tell the EU that the £60bn they reckon we owe them doesn't exist...
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24-04-2017, 17:31
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#49
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cf.mega poster
Join Date: Dec 2013
Posts: 14,327
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Re: European Elections 2017
Quote:
Originally Posted by pip08456
Wrong analogy.
I buy a car, having used it the value of it is less and rightly so, it's not worth the same as a new one. The point is it was paid for so the money changed hands in the beginning so someone had it.
Unless they bought another car they still have it.
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It was not an analogy. Here's a different situation.
You buy a car for £10k and don't use it for a year. You sell it for £8k. It will still have lost £2k.
---------- Post added at 17:31 ---------- Previous post was at 17:29 ----------
Quote:
Originally Posted by Osem
Maybe we should tell the EU that the £60bn they reckon we owe them doesn't exist...
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I've heard that May is happy to settle for £30bn.
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24-04-2017, 17:38
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#50
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Sad Doig Fan!
Join Date: Aug 2007
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Re: European Elections 2017
Quote:
Originally Posted by 1andrew1
It was not an analogy. Here's a different situation.
You buy a car for £10k and don't use it for a year. You sell it for £8k. It will still have lost £2k.
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It's still second hand (classed as used).
This is getting way off topic now so I'll end there.
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24-04-2017, 17:45
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#51
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cf.mega poster
Join Date: Dec 2013
Posts: 14,327
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Re: European Elections 2017
Quote:
Originally Posted by pip08456
It's still second hand (classed as used).
This is getting way off topic now so I'll end there.
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Agreed. My point remains that money can disappear.
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24-04-2017, 18:42
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#52
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cf.mega poster
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Re: European Elections 2017
Quote:
Originally Posted by 1andrew1
Agreed. My point remains that money can disappear.
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And appear by magic.. https://en.wikipedia.org/wiki/Fiat_money
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24-04-2017, 19:35
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#53
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
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Posts: 13,739
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Re: European Elections 2017
Quote:
Originally Posted by Taf
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abrakerching
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24-04-2017, 20:05
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#54
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,276
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Re: European Elections 2017
Le Pen has stepped down as leader of the National Front to run as an independent.
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24-04-2017, 20:27
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#55
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cf.mega poster
Join Date: Dec 2013
Posts: 14,327
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Re: European Elections 2017
Quote:
Originally Posted by Damien
Le Pen has stepped down as leader of the National Front to run as an independent.
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Wow, interesting move!
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24-04-2017, 20:40
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#56
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laeva recumbens anguis
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Posts: 42,248
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Re: European Elections 2017
"temporarily...."
(until after the vote)
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24-04-2017, 20:43
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#57
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,276
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Re: European Elections 2017
Very weird.
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24-04-2017, 21:07
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#58
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
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Posts: 13,739
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Re: European Elections 2017
now people can vote for her with a clear consience
this sounds familiar [ project fear ]
Francois Hollande warns France against voting for Marine Le Pen
The French President says prices will soar, jobs will be lost and the country will be divided if Marine Le Pen is chosen to lead.
http://news.sky.com/story/francois-h...e-pen-10849651
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
Last edited by papa smurf; 24-04-2017 at 21:16.
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24-04-2017, 21:16
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#59
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Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,276
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Re: European Elections 2017
Not sure people will buy this only two weeks from the election
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24-04-2017, 21:32
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#60
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,082
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Re: European Elections 2017
Marine le Pen has quit as party leader. A bit late to try this kind of thing. But hey............
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