Credit Crunch! ... who's laughing?

[kasuku]

With every trade someone loses out and someone gains. It's not like wealth just disappears, it has to be transferred to someone else.

All I'm seeing now is the person who lost.

No mention about who's laughing.
Who are the gainers? Are they in hiding?

[melloned]

I think in this case Mate , the wealth you talk of , has dissapeared , into the coffers of the big bankers and city Wheeler Dealers , who have pocketed billions at the expense of the man in the street .
They now have the gaul to plead for help , out of the disaster their own greed has created .
Personally , i think they should be hung instead of helped !
Cheers.

[opsmonkey]

im not hit..! Im a public sector worker so my wages only rise each year (twice).. my pension is secured too.. recession what recession

[alec]

Probably being transfer to China, India and the Arab oil states.
Brown inherited a 43% of GDP of debt and with all the borrowing will probably be around 60% of GDP in a few years. In effect we are living now off future generations.

[pothead]

im not hit..! Im a public sector worker so my wages only rise each year (twice).. my pension is secured too.. recession what recession

that sounds like the attitude you would expect from a public sector worker,but hopefully there will be less use for you ppl as the recession bites & usaully ppl that work in the public sector cant cut it in the real world,so i wouldnt gloat too much chap.all services will be affected ,like in the 80`s everything will suffer whether you think your better than others or not & 2 pay rises will have to be paid from somewhere.i remember the miners & the motor industry thinking along the same lines & look what happened to those useless money grabbers

[opsmonkey]

yep im dead useless.. was dead useless when i was on foot patrol in Helmand Province too..
was also dead useless in Bosnia and Sierra Leone..

typical response from a 'pothead' leftie.. go protest about something you know little about

[bugaloo41]

Ops I pray that we never cut back on guys like you mate that really would be madness. And well done mate immense admiration for you guys.

[tony_i]

Isn't it the case that all this 'wealth' was a chimera anyway?

As soon as one block in the pyramid (US sub-prime motgages) collapsed the whole capitalist edifice was shown to be built on thin air.

[Fnordcorps]

The guys who own the banks are laughing all the way to the err banks

[gingerninja]

yes we have been living in a false economy for years.
governments try and keep the wealth within. taxes etc.
if your country produces things it can sell this is a bonus or necessity.
people with money normally invest in property or stocks shares in safe markets.

alot of people lost money in the markets. the rich will hardly be affected. The property market will always recover eventually.
whom banks the government coffers so they can bail out the other banks. whom do they owe money to. whom owes money to them.

[unrealegg]

Heard no signs of global warming since this has been out. Not complaining like

[melloned]

Try telling all the snorkel wearing polar bears that mate ! , and to add to thier woes , the bears tell me they still haven't got a fix for thier starview 1's !

[TomJobby]

Hi
Credit Crunch and Global warming are linked. All the measures to combat CO2 are costly and would slow down recovery.
Have a look at this
The Strata-Sphere ? Scientists Opposing The UN/IPCC On Global Warming 12 Times The Number Of IPCC Scientists

Its the banks cashing in. Brown should switch to the martian gronk and stuff the banks.

[blueice14]

did someone say credit crunch !! all week ive spent ages in queues in town - seems like people are still out there spending loads more and more !! everythings out of stock that i want !!
mind you i guess it will probably start to hit people when the credit card bill comes through next year

[melloned]

At the end of the day , life goes on , for anyone old enough , we've been there , seen it , got the T shirt ! , one in the 80's , another in the 90's , alomost lost our home in the first one ! , (15.5% interest rate + redundancy).
But i'm still here !