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European Elections 2017
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Old 24-04-2017, 17:55   #46
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Re: European Elections 2017

Quote:
Originally Posted by pip08456 View Post
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.
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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Old 24-04-2017, 18:07   #47
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Re: European Elections 2017

Quote:
Originally Posted by 1andrew1 View Post
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.
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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Old 24-04-2017, 18:27   #48
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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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Old 24-04-2017, 18:31   #49
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Re: European Elections 2017

Quote:
Originally Posted by pip08456 View Post
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.
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 View Post
Maybe we should tell the EU that the £60bn they reckon we owe them doesn't exist...
I've heard that May is happy to settle for £30bn.
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Old 24-04-2017, 18:38   #50
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Re: European Elections 2017

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Originally Posted by 1andrew1 View Post
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.
It's still second hand (classed as used).

This is getting way off topic now so I'll end there.
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Old 24-04-2017, 18:45   #51
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Re: European Elections 2017

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Originally Posted by pip08456 View Post
It's still second hand (classed as used).

This is getting way off topic now so I'll end there.
Agreed. My point remains that money can disappear.
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Old 24-04-2017, 19:42   #52
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Re: European Elections 2017

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Originally Posted by 1andrew1 View Post
Agreed. My point remains that money can disappear.
And appear by magic.. https://en.wikipedia.org/wiki/Fiat_money
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Old 24-04-2017, 20:35   #53
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Re: European Elections 2017

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Originally Posted by Taf View Post
abrakerching
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Old 24-04-2017, 21:05   #54
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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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Old 24-04-2017, 21:27   #55
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Re: European Elections 2017

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Originally Posted by Damien View Post
Le Pen has stepped down as leader of the National Front to run as an independent.
Wow, interesting move!
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Old 24-04-2017, 21:40   #56
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Re: European Elections 2017

"temporarily...."


(until after the vote)
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Old 24-04-2017, 21:43   #57
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Re: European Elections 2017

Very weird.
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Old 24-04-2017, 22:07   #58
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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
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Old 24-04-2017, 22:16   #59
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Re: European Elections 2017

Not sure people will buy this only two weeks from the election
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Old 24-04-2017, 22:32   #60
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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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