While we're fixing this, and returning the British Billion to it's rightful place, I'm a bit concerned that the BBC is still giving us air pressure in Millibars. Following the 8th Congress of the World Meteorological Organization, from 1 January 1986 the term hectopascal (hPa) is preferred to the numerically identical millibar (mbar) for meteorological purposes.
Clearly it's a matter of urgency to get this change in place.
FoFP
why do you suppose such 'profitable jobs' exist? why do you care about 'profit' so....if you're eating fine....?
governments will always find excuses for that.... that says nothing about keynes
keynes taught otherwise... listening to him essentially stopped the depression.....
why do you believe that
attempting to cling to gold is blamed as a major reason for depressions... i would prefer a free market in currencies....including gold currencies, if people wish to run them.... what i object to is a government cartel in money....
how will incompetent people eat if no-one gives them money and no-one wishes to employ them? there is an ever growing class of such people in society...
a vast majority of the population was employed scrabbling for food a hundred or 2 years ago....now it is mostly well under 5% in all western societies.... why should farmers bother to grow food for government pretend workers...let alone 'the unemployed'?
repeat....under such conditions...how do you propose the ever growing numbers who cannot manage in an advanced society are to eat?
play monopoly.....gradually all the money gets concentrated in few hands.. why do you suppose it would be greatly different in an advanced society without redistribution to keep the casino going? how many servant do you wish to employ? how much would you pay them? what about the smelly ones? what about some of the seriously dopey posters to this group?
unemployment dole is a way of keeping idiots from out underfoot....
i don't think you understand (fiat) money or greenspan... you have constant deflation in manufacturing....you have for more than a century....it is part of how you get rich..... problem is idiots want to be paid more than they can produce....and very large numbers are so paid....they are really on part charity.... if you didn't do that you'd have them starving and sleeping in doorways...some people don't want that..... most of society is innumerate....with inflation you can keep paying them 'more'....at least they believe that.... there were a million housing units empty in the uk last i checked.... yet there is constant cry to build more....
people with 20 square metres seem to want 40.....the other 20 then sits empty and is heated.....
much of what you call work is quite unnecessary.... much serious work most people are incapable of doing....
you have inherited a puritan work effort.... much of the time many people would be better watching tv.....or eating themselves into a lard lump....
in the factory or office they'd just get in the way or look ugly!
then those who work resent having to pay for those that don't.....
what do you want to do about it in the real world,,,
if you predict it every year you are bound to guess right eventually....
try defining 'a crash'? so what some people lose some monopoly money of the stock exchange or the housing market.... they mostly only got the stuff by a bit of luck... so....let them lose it again by luck....
they'll still eat as things are....
regards...
But will they listen?!!...my blood boils. Would love to help but i'm much too preoccupied with the local chapter of the Society for the Abolition of the Greengrocers' Apostrophe. We can't make a serious move until we've established where the apostrophe should lie in Greengrocers.
If anybody feels like helping it's only a matter of kicking over the odd box or two of soft fruit's.
I know what you mean. We have a local pub here called "Shakespeares'". One of these days when I'm drunk, I'm going to lose it completely, stride up to the bar, bang my fist on it and demand of the barman "HOW MANY Shakespeares?"
FoFP
Well I expect he took his parents in now and then?
Jim.
In message , M Holmes writes
Obviously the barman shakes speares.
It may well do, but in the grander scheme of things, it is mortgages that rule the debt mountain, I think they comprise over 80% of debt?
Roland.
very likely....but i don't like to assume.... i have read much of hayek....most of mises leaves me cold..... but what i understand by 'the austrians' goes much further.... adolf is even shown in the same school photo as wittgenstein (in a different year though)...(adolf also applied keynsian theory) freud is austria as approximately is einstein... godel is austria and the positivists whom i somewhat disdain..... despite having spent many years burrowing through carnap..... one of the most read books i have....i even bought a second copy as the first got somewhat disassembled!
in some ways 'austria' means a world view to me which has made great contributions and also imv generated great confusions
so i remain unsure what the poster means by 'the austrians'
regards...
capital letters are redundant......
at what pressure?
I prefer atmospheric for this condition.
...with a frisson at 1013 hectopascal's..
I don't remember the figures but you are quite right - infact I am pretty sure that secured debt is even higher than 80%.
Admittedly, though the debt servicing ratio looks normal, the debt to GDP ratio is probably at an all time high (bar wars?). I don't know the numbers for the UK but they can't be far off the USA which is running around 250% debt/GDP which is as high as the depression years.
Roland.
It's about 1:1 (roughly a trillion quid). 82% is mortgages.
I don't think that includes government debt which is probably in the hundreds of billions.
Roland.
"John Redman" wrote in message news:d8cnnj$77n$ snipped-for-privacy@news6.svr.pol.co.uk...
Correct, it's personal debt. Unfunded public sector pension liabilities are another 700 billion and then you have PPP....
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