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Jako

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Posts posted by Jako

  1. [quote user="Jazzer"]Spain is virtually bankrupt [/quote]

    The UK is in a much worse state than Spain. Spain has healthy banks and can issue gilts at a low interest rate.

    The UK is bankrupt ( not virtually), it can no longer raise enough money on the market and is printing money to finance its debts.

  2. [quote user="allanb"]

    Competitive devaluation wasn't the disaster in the thirties; I would say it was under-employment.

     

    [/quote]

    'Competitive devaluation' is exactly the same as 'protectionism' and that was definitely one of the main drivers for the big depression: The 'beg thy neighbour' policy. Under-employment is never the cause, it is the result of a downturn. ( never leading, always lagging)

    In the long run it has always been the economy with the strongest currency that recovered best from the downturn.

  3. When you run an economy with a huge debt, what is the last thing you want?- Deflation, because this increases the real value of your debt.

    What do you want very much?- Inflation, this not only decreases the real value of your debt, it  acts as 'taxation for all' and gives you the chance of 'cheating' with the inflation figures thus creating the opportunity of not compensating salaries, pensions etc.

    How to create inflation?- Ask Zimbabwe,  at 231 million per cent inflation- you simply print money.

    What solution would Gordon promote?....

  4. Like many in the UK, you don't even have your facts right.

    Denmark (like the UK) is NOT part of the Eurozone. Why would Wales,N- Ireland , Scotland and The City stay within the UK when the one-size-fits-all approach does not work? The UK should gradually adjust its economy towards the continent, but instead  the UK is waiting for the continent to ajust their economies towards the UK...

    Printing huge amounts of money will not help the pound. Use the current idiot high levels for sterling to save your money before it follows and supercedes the 'mighty' Dollar on its way down...

  5. [quote user="5-element"]

    But, let's put it that way: if the Tempo option was not such a good source of savings to the consumer, EDF would not have scrapped the option.

    [/quote]

    The EDF has a lot of problems with customers who think it is a good source of savings but in the end have used up so much electrical power on red days that it takes them years to pay off their debt to the EDF.

    That is why they do not promote the use of "Tempo" , it still exists.

  6. French restaurants are not allowed to serve ragondins from "the wild".

    This is not to protect the ragondin population, but the customers.

    Ragondins love common rat poison, but they are very tolerant and do not die. Humans do however...

  7. This problem is quite common, but that does not mean that it is ok.

    Just complain (online) until is is solved. As almost all other modem/routers perform better than the livebox you may try the Siemens, but it is their problem to solve especially when you pay 3 euro per month for the non-functioning livebox. Maybe you'll get the new livebox mini that is supposed to perform better.

     

     

  8. [quote user="bigears"]the uk doesn't need europe or the euro, bring back the empire, rule britannia[/quote]

    Well, if that were possible, yes the empire would be a big enough internal market.

    In all other cases ( the real world [8-|] ) the UK economy is simply too small.

    The UK has two options:

    1- join the dollarzone

    2- join the eurozone.

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