Global Meltdown

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 10:21

Asia Market Shock As Shares Dive

By Sky News

If dealers and investors across Asia hoped it could not get any worse, they woke up in shock today. The nightmare continued with Japan ending the morning session with shares tumbling by 10.64% amid fears that global financial authorities are simply unable to control the growing crisis.This was Tokyo's biggest one-day drop since the stock market collapse of 1987. In Australia, shares once again took a hit, falling 6.5% in the morning session.

"It really is total market capitulation today," said CMC Markets senior dealer Matthew Lewis.

"The damage is broad based across all of the major sectors," he said.

Other major markets followed suit. Hong Kong was down 8%. Singapore slipped by more than 7% and in Jakarta trading was suspended on the Indonesian Stock Exchange. All this on the back of Thursday's rout in the US market. Wall Street was gripped by panic in a rush of last minute selling amid deep concerns over the efforts to stabilise th

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/10/2008 10:33

Hi No1Doyen,



It certainly is G&T with the bacon sandwich time. Not a thing the individual can do, but sit back and watch our hard earned savings drift away.



Our Supreme leader does appear really to have upset the Icelandic Authorities. Can't think that is going to help recover the £1,000,000,000 they are holding of our local authority funds.



FT just opened 10% down. Seems like the start of a global meltdown to me. Heard nothing about the Turkish banks though. How much longer are they going to be paying 18% interest rates on deposit accounts. Seems strange to me!



wyn

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 10:51

Hi Wyn



Yes you are right about the Turkish banks. It's difficult to know where to put your money at the momemt. Who knows what bank will be in trouble next. Very worrying times - whether you have money or not!

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
10/10/2008 11:06

morning guys



apparently the safe business is booming at the moment. They have never had it so good

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/10/2008 11:10

ILC,



I would be very interested to hear your take on the Turkish Banks.



I cannot understand why they appear so stable, when there is meltdown in global banking



circles, and still they pay interest at 18% plus on YTL deposit accounts.



Seems strange to me!



wyn

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
10/10/2008 11:28

Hi Wyn



I don't know mate. Finance isn't my bag. Other posters will know a heck of alot more than me in this area. Erkan (UKturk) is probably your man.



I don't know how but it would seem that Turkey isn't plugged in to the main neural net. Perhaps they have an innate ability to stay calm whilst the rest of the world shivers in fear. Not sure how they have achieved such immunisation and not caught the global cold. I suspect Turkey will start to cough soon.



Whats the Middle East market doing? Has Turkey invested heavily with other Arab States?

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
10/10/2008 11:59

i think the turkish banks are full of bull. they are telling everyone that the ytl is okay.

how can it be?

they must be affected by the euro, sterling and the dollar. also every other global market is taking a good kicking, so i don't believe them.

if iceland can go down, what hope does the trnc have?

no bank is safe right now, especially in the trnc.

at least if you move your funds to the uk at the moment they do have a comp scheme,then move them back when things pick up.

i know the interest is not good in the uk but would you rather loose some interest or all of your money?

Biker



Joined: 11/01/2008
Posts: 396

Message Posted:
10/10/2008 15:11

Everyones hand in every one else's pocket.



The great "EU dream and globalisation".



A Turkish saying comes to mind. "Simdi ayikla pirincin tasini. "

meaning: "Try and sort this mess out now."



Maybe it is better to stay out of EU.



Biker

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 15:15

Turkish assets slump on global falls as panic sells spread in the world



Turkish assets plunged on Friday, following tha American and Asian stocks sharply lower on rising panic that global efforts so far failed to unlock credit markets.(UPDATED)







The lira currency eased 3.5 percent against the dollar from the previous day's closing level of 1.3790, and traded at 1.4240 levels.









The lira is now 22 percent weaker since the start of the year. The Turkish currency hit Friday the lowest level against dollar in 19 months.







Turkey's main stock exchange index fell 6.4 percent in early trade on Friday to 28,922.37 points, after slumping to fresh lows throughout the week.







The stock exchange closed down 5.99 percent at the 29,028.90 points in the morning session.







Turkish stocks, hurt by investors moving out of emerging markets and into investments considered safer, have now lost some 48 percent of their value since the start of this year.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 15:19

Turkish CB re-launches fx depot market for banks, lira rises vs dollar





Turkey's central bank said on Thursday it re-launched its foreign exchange depot market for banks to borrow from each other through the central bank. The lira rose around 3 percent against the dollar after the announcement. (UPDATED)





The bank said the minimum volume of transaction will be $1 million or 1 million euros with due dates between one week and one month. The foreign exchange depot market would be effective as of Thursday.

The forex depot market, in which the Turkish Central Bank was the financial intermediary and regulator, was closed in December 2002.

In order to maintain confidence in the system and sustain foreign currency liquidity in the market the bank decided on reactivating the market, the statement said.



The central bank said the ongoing global financial crisis created concerns over the reliability of the global financial system and created a liquidity crunch in major econom

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 15:20

This environment of uncertainty can cause tighter foreign exchange liquidity flows and the central bank decided to re-activate its intermediary activities in the forex depot market starting from today to continue until uncertainties in international markets disappear," the central bank said in a statement.



Some bankers had called for the central bank to reactivate the depot market, pointing at the global crisis and potential foreign exchange liquidity problems for the banks.



According to the statement, all member banks will participate to the system, but all of them have their own limits defined by the central bank.



Analysts say this is an important step to regulate and maintain flow in the foreign exchange market, but it should be highlighted that the reactivation of this market does not mean that the bank will provide foreign exchange liquidity to the market.



The lira, supported with the central bank's statement, gained almost 3 percent against the dollar and trad

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 15:21

The lira, supported with the central bank's statement, gained almost 3 percent against the dollar and traded at 1.38 levels. The U.S. dollar opened over 1.40 YTL levels in the early morning trade. The lira had lost more than 10 percent against the dollar as the global credit crunch continued to hit markets.

viper


Joined: 14/07/2008
Posts: 119

Message Posted:
10/10/2008 17:42

Doyen



Very informative posting and as for msg.3 I'm putting my money in my kids piggy bank..

That's the safest place at the moment.....

Unless you get burgled!!!



Viper

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 17:53

As a painless way to save money, a young couple arranged that every time they have sex, the husband put his pocket change into a china piggy bank on the bedside table. One night, while being unusually athletic, he accidentally knocked the piggy bank to the floor where it smashed. To his surprise, among the masses of coins, there were handfuls of five and ten pound notes. He asks his wife what's up. "Well," she replied, "not everyone is as cheap as you are."

rosie123


Joined: 26/05/2008
Posts: 70

Message Posted:
10/10/2008 19:03

Viper,the news said today how shop lifting and house crime has gone up,this is just the start of it.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
10/10/2008 19:15

No1Doyen



Have a bit of sympathy for the spivs,city bonuses will be cut to only £3.5 billion this year and £2.7 billion in 2009. Going to be tough!

Turbo


Joined: 24/12/2006
Posts: 833

Message Posted:
10/10/2008 20:22

USA headlines today:



"BLACK FRIDAY.

Stock prices careened lower Friday in Asia and Europe and gyrated wildly in the United States."





Hope it changes soon before many more people are kicked out on to the street. Yes, mortgage lenders are evicting people left right and center. Putting their stuff out on the street.

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
10/10/2008 21:12

Turno, don't suppose you noticed if there was a 42" Plasma laying around?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
10/10/2008 21:23

Just come back from Middlesbrough. (not many escape)



Notice in the back of a car window "Jesus Saves"



Written underneath in the grime " Not in my bloody account, he doesn't"



I just love the humour of these guys, they may not have much in material wealth, but their



humour is so rich!



wyn

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
10/10/2008 23:35

One of the key problems in my view are things like this thread and the many others around.



This is IMO winding people up and causing them to worry when the hear things from people who actually have no real scientific knowledge of Economics.



I have no certain ideas of what is going to happen but taking panic measures of closing bank accounts etc is not the answer all this does is cause even more uncertainty in the markets.



When all of this is over I hope that financial institutions go back to lending on proper collateral and with proper checks on clients. Maybe the greedy people who took out loans they could not afford will also learn some lessons, or maybe the will not because they hope that Uncle Alistair and Uncle Gordon will bail them out and probably will.

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
11/10/2008 00:43

cyprusishome, it wasn't only the greedy people who borrowed the money it was the even greedier bankers that lent it to them.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
11/10/2008 00:45

http://uk.youtube.com/watch?v=3y1DDYmhF88

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
11/10/2008 08:53

no1doyan

great info regarding turkey, but what about the trnc central bank? how is it going to safeguard peoples money?



cyprus is home,

how can it be winding people up. why bank anywhere where there is no comp scheme or guarrenty?

we recently banked in jersey and the jersey goverment is only looking to look after the jersey residents. jersey is also not covered under the uk's or e.u's comp scheme.

one phone call and our money is now in the isle of man, still tax free, no loss of interest but covered under a comp scheme.

how is it winding people up? its common sence!

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
11/10/2008 11:26

fire starter, that's a good question. I would guess that the government will do what the I'm government has done and give it financial support from it's reserves or by borrowing.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
13/10/2008 12:32

You could'nt make it up.



Brown's plan to save rainforests

A new global deal to protect the world's rainforests has been proposed in a report drawn up for Gordon Brown.



Does'nt he realise - money does'nt grow on trees.

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
13/10/2008 13:20

Stock market up nearly 6% and rising something must be going right for MR BROWN aka OUR SUPREME LEADER as Wyn calls him!!!!

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
14/10/2008 08:54

the trnc goverment is always complaining it is skint, so i think they will be looking to turkey, yet again.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
14/10/2008 09:26

fire starter, yes but for how much longer?

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
14/10/2008 10:42

all my turkish friends/family think not to long.

they are sick of funding the trnc. they gave them loads of cash to improve the infastructer/roads and the trnc gov wasted it.

turkey then sent workmen and machines over to do the job.

i haven't met a turkish person / turkish tax payer that is happy with funding the trnc.

most don't have a good word for cyprus or cypriots.

i think its all up to what the turkish goverment think at the end of the day.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/10/2008 00:44

the 2nd Zeitgeist movie is out - 'Zeitgeist addendum'. Presents a theory on how the money system works.



http://video.google.com/videoplay?docid=7065205277695921912

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/10/2008 15:27

The credit crunch has helped me get back on my feet.

The car's been repossessed.



What's the capital of Iceland?

About £2.20



Why have estate agents stopped looking out of the window in the mornings?

Because they would have nothing left to do in the afternoons.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
16/10/2008 15:29

No1,



Back on form "Meltdown humour!"



wyn

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/10/2008 16:52

Wyn,



I've been watching the video in Marks message, 30. I've only watched 30 minutes so far, but I have to say it's quite disturbing. I'll try and watch the rest of it tommorow. At this moment I feel the financial future is not looking good.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/10/2008 18:10

Don't worry Bill. The message gets a lot better, the vision they eventually paint is truly inspiring, although I think they are probably putting too much faith in technology and human nature.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/10/2008 18:20

Hi Mark



Thanks for making me feel better, I was beginning to worry! I can't wait to finish the video.

Thanks for posting it.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/10/2008 19:29

You are welcome Bill. At the end of the day, the film only espouses one possible way at looking at the world. It's a conspiracy theory film.



Mind you after watching this you could see how the US could bail out Cyprus. It would provide Cyprus with a loan to cover the reunification costs. This would tie the Cypriots to debt and at the same time the US would get a military base. The US would then have total control over Cyprus.



Zeitgeist the movie is also very interesting. This films focus is mostly on religion. You can google it.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
16/10/2008 19:44

No1 Doyen and Ilovecyprus,



I tried to watch the video. I am afraid that I find such productions, manipulative, and as such I tend to steer away from them. I will try again!



I have very strong views on the Global meltdown. I do not think a public forum is perhaps the best place, to voice my concerns.



I am not deeply religious, though my Mother was. I find the book of Revelations from the bible fascinating. I see a roadmap that we seem to be following, and that was written 2000 years ago. I have also read extensively on The Mayan Prophesies, and the writings on The Lord Pacals tomb frighteningly similar. I have also studied the writeings Of Zacharia Sitchen

and I find his interpretation disarmingly similar. Everything tends to point to 2012.



Now then, it is for each individual to have their own beliefs, and I do not seek to impose mine on anyone. Many people follow the writings of Nostrodamus and yet again he points to a similar roadmap and timeframe.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
16/10/2008 19:56

Part2



I personally was very impressed by his description of a despot called "Hister" I was even impressed when he spoke of the destruction of the hollow mountains (skyscrapers) but I do find his writings (quatrains) difficult to follow..



So on the subject of Global meltdown, you pay your money, and takes your choice. I have given a number of reference points for anyone wishing to take their research further. I personally liked No1 reference to the fact that in his opinion "we are going to Hell in a handcart"



My personal solution to all these potentially catastrophic situations, is a Large Efes or three, good conversation, and a silent prayer, that one day I will see my villa at Esentepe, with Electricity, mains water, and that I will be clutching a Kocan in my hand, that is internationally recognised. Now Nostrodamus never mentioned that.



wyn

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/10/2008 19:57

No problem Wyn I have looked at most of your references. Who know's the future? All we can do is enjoy what we have right now, and we have plenty.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
16/10/2008 20:09

ps Wyn



The best source I have found (for me personally that is) about understanding what the world would look like is based on a New York University professor. The guy is called Dr Clare Graves. His thoery is not unique, there are others who share similar ones. His theory plots human thought which will give us some clues about how we may act over the coming years. Human thought shifts based on the life conditions we face.



http://www.clarewgraves.com/theory.html

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
16/10/2008 21:54

Wyn, on the subject of conspiracy theorys, have you seen Fahrenheit 911?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
16/10/2008 22:15

No1Doyen

.

No. I am not much of a film buff!



I do not think this is a conspiracy theory. What I see is the fact we appear to be following a very clear predicted path, all of which has been forecast from a number of different sources.



I like many people cannot, nor do I try to understand prediction, but I do believe that there is an understanding if we accept the writings of Zacharia Sitchen, which is encompassed in 12 volumes called The Earth Chronicles.



For the uninitiated Sitchens writings are based on some 5000 clay tablets found in the

Palace of King Ashburnipal in Ur (home of Abraham). Sitchen is a world renowned scholar

of ancient languages .(Clay tablets now in western museums) Discovered by Wooley (Brit)



Very interesting writings, which if you accept the conclusions, is of world shattering outcome.



Regards,



wyn

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 16:10

David Cameron has broken his truce with Gordon Brown over the financial crisis and launched a stinging attack on the PM's handling of the economy.

He said Mr Brown's strategy had "fundamentally failed" and accused him of hiding from past policy failures.

The Tory leader said he still supported the PM's bank rescue plan but said Mr Brown's mistakes had led to a downturn.

Mr Brown brushed off the comments saying his undivided attention was on taking Britain through difficult times.

He said the current crisis had "been created as a result of a global problem that started in America".

And he added: "I think the whole country wants everybody who can to work together through these difficult challenges. "

But the gloves came off earlier, in a speech in the City of London, with the Tory leader attacking Mr Brown's "irresponsible" economic policies which he said had created an unsustainable boom.

"We need change to mend our broken economy. This lot cannot do it - not least because

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 16:11

they cannot own up to any mistakes," said the Tory leader.

Mr Cameron said decisions made by Mr Brown when he was chancellor had led to a period of "irresponsible capitalism" and only the Conservatives had a plan to bring it back under control.

He said he would "never pull my punches in explaining how this government has brought Britain down" and accused Mr Brown of a "complete and utter failure" in economic policy.

He argued that New Labour had embraced free market economics "without question" without "properly understanding how it worked".

And he said Mr Brown had "spent and borrowed without restraint" and ignored warnings about the consequences.

The failure to control public and private spending over the past decade, leading to unsustainable debt levels, was an act of "intentional" negligence on the part of the government.

The Tory leader accused the prime minister of basing his economic policy on "false assumptions".

Among them were the ideas that a successful economy

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 16:12

could be built on a "narrow base of housing, public spending and financial services" and "that you could abolish boom and bust and that the good times would last forever".

"Over the past decade, we have seen a total breakdown of economic responsibility," he added.

In contrast, Mr Cameron said he would entrench fiscal responsibility in government by setting up a new independent body - the Office of Budget Responsibility - to hold ministerial spending to account.

The BBC's political editor Nick Robinson said it was Mr Cameron's objective to persuade people that Gordon Brown was the architect of the economic problems not failures in the global financial system.

'Economic failure'

Mr Cameron called for a range of new measures which he said would create a more "balanced and resilient economy", saying Britain had become too dependent on property and financial services to generate its wealth.

He wants to see much tougher regulation of the banking sector and changes to the insolvenc

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 16:13

insolvency laws to protect sound but struggling businesses.

"Some people think that this decision - to support recapitalisation - means that we somehow now subscribe to the government's entire economic policy and doctrine," said the Tory leader.

"Let me make it crystal clear - we do not.

"And the complete and utter failure of their economic record has never been more clear to see."

Ahead of Mr Cameron's speech, Shadow Chancellor George Osborne rejected claims the Conservatives had effectively agreed with Labour's economic agenda for most of the past decade and only recently raised concerns.

"We fought general elections on the fact that government had overextended itself and borrowing needed to be brought under control," he told the BBC.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 16:19

I see now that the head of the City’s chief regulator, the FSA, has publicly apologised for its failure to prevent the banking crisis. Hector Sants admitted yesterday that the agency could have done more to prevent the collapse of Northern Rock and to avoid other financial disasters. Furthermore in a reference to more recent near-collapses, including Bradford & Bingley and HBOS, he said that the regulator regretted its failures.



Bit too late now isn't it?

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/10/2008 16:31

You know that saying sorry sorts everything out. Crisis over and done with.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 17:06

No1Doyen,



I heard Mr Camerons speech .Are you convinced that Mr Cameron and Mr Osborne, are up to putting right what needs to be put right.?



wyn

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 17:32

Someones got to do it Wyn - it might as well be them!

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 17:57

Wyn/No1Doyen...I suppose they will do there Tommy Cooper way"Just like thathaha"...At least Tommy Cooper was funny when his "magic" didnt work and I dont see those two magicians doing anything spectacular if theyshould get elected...

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 18:11

You're right about one thing Coachie. The mess that this country is in after 11 years of New Labour, it will take a bloody magician to get us out of all this debt.



Browns had he's say for 11 years.........Blair got out in time....Just! I suppose No!Doyen is right Mr Cameron and Mr Osborn have to be given a chance! MERLIN would get my vote.



wyn

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 19:09

wyn ..One thing I will agreewith you is I never liked Tony Blair. I always classed him as a "failed" Tory,same as Wedgewood Benn,and as you pointed out tome "they stole some tory ideas and introduced them under the name New LAbour. To me you are Labour,conservative, or lib dem or other.As for getting out, well that was the biggest con I have ever seen any politician pull off.He didnt do Brown any favours,but I have to put some blame on Brown,he could only see himself as Prime Minister and nothing else seemed to matter until he woke up one day and realised he and he alone was now left to carry the can cos his "mate" Tony had jumped ship.I think he has to prove to all of us that maybe he has got what it takes,if not then,MrOsbourneand Cameron will get there chance.We shall have to wait and see....

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 19:28

Coachie,



I do not believe the good people of The TRNC should be a party to our personal views of the state of UK politics though one must ask the question of why they escaped to the TRNC to avoid the politics of their homeland? What is the motivation that makes people desert the land of their birth. I suspect the answer is reality!



I have no interest in politics, but I need to understand truth. That sad to say is often lacking when politicians, express their views.



Reality is , the economy of the UK, is in a deploreable state. We were virtually bankrupt.



Now Gordon (our supreme leader) has pledged some 19% of our GDP to solve the problem

and any right minded person, would know that that would not even scratch the surface.

I like a man with ambition.Gordon needed a crisis, and he created it to enhance his own persona. He is sadly yesterdays man. Never had a mandate to be PM, never will, but I suspect he needed some form of adoration, to bolster his Scottish ego.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 19:48

Now we are in an almighty mess. You joke about needing a majician but for once you are



quite near to the truth. Who can sort this mess out. I see no one in the present political



field, with the knowledge and the carisma to step up to the plate Vince Cable of the Liberal



Democrats is the only one with any credibility. He in his present position is not a credible



option..So where do we go?



I believe that we are a bust flush, as our friends The Mighty USA,.



I can see civil unrest, and a right wing back lash. I see the failure of the US Dollar and Sterling.



Now that Coachie is outside of politics, and really isn't a matter to laugh about.



No I am not depressed, I am an optomist, but I do think these loosers that we call



poloticians, have gambled a chip too far, and have pointed us towards the abyss.



There is an old saying..."Cometh the moment, cometh the man" Mandelson? God help the



people of the UK.





Just my view, that is all,



wyn

It was

arrry



Joined: 19/08/2008
Posts: 1235

Message Posted:
17/10/2008 20:39

Hi Wyn



Guess where i am ... it begins with Esen and ends in Hotel. Every time i finish one glass they give me another !!!! What can i do ? I obviously don't want to refuse, but where will it end !!or when will it end !!!



I will do my best for ENGLAND !!!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 20:44

arry,



You swine! Its like stealing a mans wife. Sooner that you ran off with the wife.



Just get me one , in an "ice cold glass'') Soon,..........very soon!



Sod England!



Cheers mate,



wyn

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 21:47

Wynn..I am looking forward to my visit next year to TRNC if only to try this Effes beer.It must be damn good stuff the way you and one two others go on about it,and being from the same part of the world as yourself Ishall definitely partake in a few,be even nicer if were to bump into one another. As for our previous discussions enough is enough eh!!!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 21:54

Then Coachie the drinks are on me!



Where are you from? (some leftie stronghold)



I will look forward to it!



wyn

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 22:02

wynn..I originate from Chester-le-street but I left there when I was 15 When my dads pit closed and we moved to Staffordshire where they were desperate for miners and guess what they closed all the mines here as well !!!!

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 22:10

Coachie,



I come from The Black Country in the Midlands.



We now live in Wynyard about 20 miles from Chester Le Street.



I lived in Dinnington a mining community 17 miles from Sheffield, when Maggie closed the pits!



I look forward to that pint, when we can meet!



Take care,



wyn

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 22:15

wyn.. I will be out there next june6th for 2 weeks.Hope your villa is finished soon and you dont have any problems.Been watching on here about some of the problems people have been having,and I am afraid had it been me in there place I would have flipped by now!!!!

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
17/10/2008 22:29

Coachie, you can't flip. If you do you stand no chance.

AJ

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
17/10/2008 22:33

Alsncakjack,



Thats bloody true. Don't let the barstools grind you under!



wyn

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
17/10/2008 22:35

ACJ...Best I dont consider buying then because I am a bu---r of people keeping to agreements, be they TCs or otherwise!!!!

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
17/10/2008 22:48

msge 33



Hi Bill



Did you finish the film Bill? What do you reckon?

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
17/10/2008 23:17

Hi Mark, No I haven't finished the video yet- I'll finish it tomorrow and let you know.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
18/10/2008 14:43

Hi Mark

Well I finally got round to watching the rest of the video.

Stuff like the World Bank being owned by America and the veto powers it holds over all the decisions I knew about. Some interesting facts that companies like General Motors, Wal-Mart, Exxon and Ford are more economically powerful than countries like Poland, Norway, South Africa, Saudi Arabia, Finland to name but a few, I was also aware of.

I must admit I did not see the bit about the Venus Project coming. I had heard about the Venus Project but never early had it explained to me as much as it did in the video. However the proposal for a society that will eliminate jobs surely can’t work – yet. The theory of implementing a Resource based Economy sounds great. Yes do have alternative energy solutions, Solar, Wind, Tidal/Wave power for example, but can they work on a huge scale? If enormous amounts of money were pumped into encompassing this energy then I’m sure it would work. Geothermal power is also a good idea is t

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
18/10/2008 14:44

Geothermal power is also a good idea is the move forward to electric transportation. This would alleviate the need for fuel which is great. I also could see the possibility of magnet power. All these alternatives are great – but the huge corporations that currently provide all this energy to us will lose revenue and therefore it’s not going to happen. I particularly felt that the section relating to work was a bit ambitious. How can you have a society where people don’t work – because the machines are doing all the work? Children will have no need to go to school to obtain grades that enable them to obtain secure employment – because there will be no employment. There would be no incentive to go to school. Surely mental development is of the utmost. A Resource Based Global Economy may work in 50-100 years time – certainly not in my lifetime.

I didn’t see the bit about religion coming though. A society that is free is a society we would all aspire to – but again not in my lifetime – ho

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
18/10/2008 14:45

but again not in my lifetime – hopefully my grand-children’s lifetime.

To summarise, Social Transformation will probably work. The concept of changing the monetary system is great – but we as individuals can’t change it because we don’t have the money. Slavery through debt is here to stay. At the end of the day we are all slaves to the £. I can’t see how we can refuse to participate in the monetary system. The forecast of total world bankruptcy is more real than we can imagine.

Enjoy your week-end.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:19

Hi Bill



My weekend is great. How is yours?



Like you, I knew about the world bank and Federal reserve. In the film 'Freedom to fascism' (also on the net for free) they talk about the Amrican constitution, amendment 5, where it is stated that the US citizens by law do not have to pay tax. Tax is collected illiegally and the money is used to pay the Federal reserve on the interest that is owed from it's lending. Supposedly, the Federal reserve is a private corporation with no ties to the US government. If so, a group of powerful people are making a heck of alot of money. I think people should pay tax, but it should go to providing public services not in to the hands of a couple of wealthy people.



I thought it was also interesting to see that J P Morgan and the Bank of america are involved in the scam. Interestingly, up until now these two companies have been immune to the banking crises. In fact J P Morgan has done very nicely as it picked up another bank on the cheap.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:34

part 2 linked with msge 71



With regards to the Economic hitmen. I totally believe that this happened. I watched a mexican film called 'Innocent voices'. It tells the story of an 12 year old boy being bought up in El Savador. On the 12th birthday the boys are taken from the school and recruited in to the government army, who were fighting against the local peasants. Who was training the 12 year old boys - the American army. Quite scandalous. Try and watch the movie, it is one of the most moving I have ever seen.



Do the economic hitmen still exist? I suspect so. I have been dipping in to the book of Noam Chomsky - 'Hegemony or survival' who asks the question 'is the US seeking dominance or is it trying to just survive. Americans insist they are tring to survive (doing gods work as well). Americans (including Dick Cheyney) do not see their country as warmongers. Although bright and brilliant Obama will probably continue the American story.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:43

part 3 linked with message 72



I still think the US has some of the most benign, peaceful and absolute greatest thinkers on the planet. The problem is that these people can't get in to the political system which is currently dominated by the negative system which is so staunchly in place.



I didn't really know about the Venus project. Wouldn't it be great if we could travel by train from the UK to Cyprus in 15 minutes. Bring it on.

I think though, that if this indeed possible (which i doubt) it is some way away. Probably beyond our lifetime.



I didn't know about Geothermal. What an incredibel source of power. As usual it's all very well knowing about this natural power, but do we, will we ever posses the technical brilliance or political will to make this happen.



Like you, I am not sure about the world becoming technology driven, It's a beuatiful vision. Their is growing evidence to suggest that our or current lifestyle (where we don't do manual work) is making us

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:45

part 4 linked with message 73



very unhappy. There are 3 parts of the brain which have evolved to make us happy. These kick in when we do manual work and don't work when we don't.



The religion piece Bill is on another Zeitgeist film which you can download fro free. It is called 'Zeitgeist the movie'

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
19/10/2008 13:50

If Barak Obama is allowed to win a fair election i'll eat my hat... (my hat is made of chocolate by the way)...



I have a horrible feeling of deja vu and it's not going away....



The only chink of light through this very dark window is the mad-woman Sarah Palin. Which McCain aide suggested she'd make a stable running mate? Whoever it was, is seriously out of the left field.... she's more crazy-ape bonkers than the good value for money - Boris, King of London...



God you've got to love him... he's like a stupid teddy bear (I've met some clever ones).

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:53

Groucho



I love Boris. He is just so much fun. I just burst out laughing every time I see him. I keep seeing him playing in a charity football match. He came on as sub and within two minutes he had rugby tackled someone to the floor. It was horrific. Someone forgot to tell him it was football

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
19/10/2008 13:55

Having a good week-end thanks Mark- with the Grand-children in the pool (UK). I'll try and watch the movie you suggested I'm the near future.

Take care.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
19/10/2008 13:56

That sounds great being in the pool. I see it is 28 degrees in Cyprus today. Enjoy yourself Bill

Coachie



Joined: 29/07/2008
Posts: 2135

Message Posted:
19/10/2008 14:40

Groucho..Perhaps the pitbull with lipstick was ashrewd choice by McCain.One or two Democrats getting a little worried.She could well swing the female vote for McCain..Would be interesting to see what would happen if they were elected..

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
22/10/2008 11:01

The International Monetary Fund (IMF) has warned that additional banks in Europe may fail as a result of the recent unprecedented banking sector turmoil.

In its latest regional economic outlook for Europe, published today (21 October), the IMF said that the disruptions in the U.S. financial system in September have heightened the risk of a systemic financial crisis in Europe further.

"Additional banks may fail, as implied by their very high risk spreads and market doubts about the viability of their business models," the report stated.

Despite this, the IMF believes a full-blown crisis is "improbable" due to the recent rescue packages put together by various authorities.

It also says that with economies set to slow, commodity prices stabilising, and risks tilted to the downside from the financial turmoil, scope for monetary easing has emerged.

However, activity in advanced economies is expected to be "very weak" during the second half of 2008 and the first half of 2009, as the adv

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
22/10/2008 11:01

as the adverse consequences of the financial turmoil dampen growth.

Euro area growth will average 1.3 percent in 2008 and 0.2 percent in 2009, before returning to 1.4 percent in 2010. The UK will average 1 per cent in 2008 and -0.1 in 2009.

"Countries experiencing declining house prices after previous booms (Denmark, Ireland, Spain, and the United Kingdom) are expected to see the sharper downturns," the IMF said.

The IMF also believes that risks for Baltic States will be quite high in the coming months.

It is warning that its authorities should ensure banks maintain adequate capital and liquidity, that high prudential standards are maintained, and that financial safety nets be upgraded where necessary.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
22/10/2008 11:13

Under Banking rules in the US only 10% of deposits need be held... the rest can be loaned out... and that's the problem... they don't have a enough in reserve to pay back those who've deposited it... if they should all want to "cash in their chips" .



UK's HSBC is safe... although it had a major exposure to sub-prime bad debt its size (worlds largest) and profits are so enormous it easily is able to meet its liabilities.

Ossie


Joined: 19/01/2008
Posts: 311

Message Posted:
24/10/2008 20:47

Fire Starter. Your concern re guarantees etc. Go to http://www.kktcmb.trnc.net

Should cover your concerns

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/10/2008 20:53

Groucho,



I know all about their profits. I have banked with them for years. Greedy!



wyn

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/10/2008 21:17

Hi Guys,



I guess now its time to face the music. Even Gordon (God bless him, someone has to) and



Mervyn have utterred the word. Recession!!! Arrhhh!



My two pennyworth. FTSE below 3000. Unemployment (admitted) 3,000,000 plus



Repossessions 100,000 pa for the next 3 years. Base rate 1%. There is a really good



chance of serious civil unrest, and almost definatley a world war.



Now is new Labour to blame? Partially! A blind man on a galloping horse could have seen



this coming. A prudent Chancellor, would have seen this coming and would have put money



away for a rainy day. Instead our Supreme Leader has spent like a man with many arms,



and taxed to the limits. Now there is no where for him to run. Prudent? my arse!



It is a world problem! Hes just a lying little socialist failure...again.



God only help us!! We are going to need it! Shameful!



wyn

no1doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
24/10/2008 21:19

Wyn, and don't forget he sold off all our gold reserves for practically peanuts.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/10/2008 22:01

No1Doyen,



No I do not forget that. Nor do I forget the £5Billion a year hit he imposed on hardworking mens pension funds. Nor do I forget that he taxed us more than any other European Country, and higher than UK taxpayers had ever been taxed before. Nor will I forget the PFI debt off balance sheet financing(call it higher purchase) that we will be trying to pay off for the next 30 years, Nor will I forget the 5% Stamp Duty when we buy a house(especially when the last one has been reposessed)



Many would call the man a bastard. I will just call him our Prime Minister(despite the fact that he has no democratic mandate to hold the office.



Others believed the spin(call it lies) and still believe in the man, and New Labour



I believe in fact!



wyn

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
24/10/2008 22:11

Wyn



No Prime Minister is voted in as such... whoever the winning party chooses to to lead or take over from an incumbent has always been the PM of the day... it's the same no matter which party... so to try an make out that this some Labour dirty trick is misleading... plenty of Conservative leaders have been ousted by their own party members as a political expedient.. it's hardly a new thing.



"Many would call the man a bastard"



I think it ill-becomes you to side-step the name calling by blaming others... you should act like the gentleman you profess to be. There is a reprehensible current trend on this board for bad-mouthing people both in high office and other board members... don't be one of them... please

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/10/2008 22:23

Groucho,



Primary observation is that you reside in The TRNC..........



Secondly I said..."many would call the man a bastard" I will just call him our Prime Minister.



I think you should be grateful that you are not subject to his and New Labours tyranical rule.



Just my view, thats all!



wyn

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
24/10/2008 22:35

Attributing the sentiment to others is my objection... either have the courage of your convictions or don't have the courage... it's your choice... I just think it bad posting style... it's like saying "I didn't say this but I hear so and so is a crook" you say it without taking responsibilty for your actions ... it's the slippery slope...

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/10/2008 22:46

Groucho.



I rely on fact, and the written word. Perhaps I would have a kinder opinion if I were not subject to The Governments overbearing taxation regime ( with more to come)



I did not realise that my postings on this board, would be subject to your approval!



wyn

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
25/10/2008 14:16

Wyn





If you are of good faith... show some, don't excuse yourself... you don't have to answer to me.. only God.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/10/2008 20:08

Quite Groucho,



Then please stop acting as God, and give others the chance to express their views.



My authority to comment on the UK Government, is as a taxpayer. Whats yours?



wyn



(Is this posting clear enough for you?)



Personal insults have no place on this board. If you cannot respond to the posting, DO NOT



RESULT TO PERSONAL INSULTS! ( You only demean yourself)

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
25/10/2008 22:08

Why do you assume I'm not a UK taxpayer? Why, even if I were not, do you think it right that I should not be allowed an opinion as to your postings.



I find all this righteous indignation a bit difficult to swallow, you attack people (mostly Pike) and don't expect to get some back...



It won't wash...



And please don't shout... if any thing is demeaning it's your lack of self control.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/10/2008 22:30

I assume nothing. I ask again, please desist. You only demean yourself with personal attacks.



(against the board rules, by the way)



Let Pike stand by his postings, as I do! I have seen board members views.



I have no intention of responding to these futile postings further. Infantile!



wyn