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http://www.heraldscotland.com/news/...al_crisis_levels_until__well_past_the_2060s_/

Well after yesterdays Budget has begun to fade from the Media Outlets we appear to be left with the above Reality .
Its my contention that the above is well beyond the capabilities of any Politician to solve , in fact its hard to see where
we go now as a Country . Is this Generation Cursed and if so are they prepared to accept the above ?
 

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http://www.heraldscotland.com/news/...al_crisis_levels_until__well_past_the_2060s_/

Well after yesterdays Budget has begun to fade from the Media Outlets we appear to be left with the above Reality .
Its my contention that the above is well beyond the capabilities of any Politician to solve , in fact its hard to see where
we go now as a Country . Is this Generation Cursed and if so are they prepared to accept the above ?
....amazing, isn't it! The Banks have done for us and the poor have had to pay. Now it's the working man's lack of productivity causing the problem!!

Why do we stand for this pish?
 

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Thankfully my generation including many of us here have lived through some amazing times and achieved things the next will not.

So overall we were young enough to enjoy life much more than our parents could, and they matured in a nice, friendly, and safe era with us and our children, their grandchildren.

Whereas we were looking forward to this time of our lives, many didn't make it, and many of us are not entirely pleased with what is going on around us, but again thankfully we are still strong enough to deal with it.

The next generation are just getting on with their lives and are mostly so busy working they are oblivious to it or let it go or accept it.

The biggest change is that many of us won't see grandchildren, or will be too old or too far away to enjoy spoiling them.

Technology is a curse to grandparents, their grandchildren have no interest in spending "quality" time bonding with them, preferring phone chats.
 

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Discussion Starter · #4 ·
Thats a very interesting observation that you make Jim about people being too busy working and becoming oblivious to it .
We have had a couple of replies thus far on an Interesting Topic which affects many of us .
I am reminded of my reply to Rowley on his thread about MPs Expenses , its this grim acceptance of the situation aided in
my opinion by a 24/7 News Agenda where the Topics change in the blink of an eye and people are nudged onto the next
Topic . Things are really bleak in my opinion and I wonder how long People are prepared to accept this situation as being
" their lot "
 

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Discussion Starter · #5 ·
....amazing, isn't it! The Banks have done for us and the poor have had to pay. Now it's the working man's lack of productivity causing the problem!!

Why do we stand for this pish?
Is it that simple Chris ? the Banks aren't responsible for an ageing Population nor the lack of Productivity , they aren't responsible for BREXIT
either . None of this of course excuses what they ARE responsible for .
 

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Isn't this a continuous subject.
My dad used to talk about his life and the ups and downs.
I remember as a kid waiting for the Vulcan to overfly, we used to go up the mountain for a closer view. Then there's Concorde, the moon landings, England world cup, colour television, mobile phones, wonderful innovations.
But there were also the strikes, power shortages, my father working away from home and coming home on a weekend after being made redundant. Trying to get an apprenticeship on leaving school when everywhere was laying off.
My eldest is now 25, has got himself through university. He is married and both of them work, they embrace technology and want to have a family in the future.
They are very aware of society and it's limitations but this is their time and I'm sure they'll wonder what their kids have to look forward to.
No doubt though that at some time they'll also look at my life and theirs and make comparisons, more than likely making similar comments about goverment and life that we are now.
 

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Discussion Starter · #7 ·
I don't think its strictly speaking a matter of making comparisons Rhyl , indeed most of us probably share both your
experiences and indeed your outlook , in my opinion its more a case of the reality being so bleak fiscally for the future .
Perhaps your right and man will always be destined to overcome in any case .
 

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....amazing, isn't it! The Banks have done for us and the poor have had to pay. Now it's the working man's lack of productivity causing the problem!!

Why do we stand for this pish?
That is simply a wrong statement Chris.

What "did for us" were the policies of Greenspan, Brown and Slick Willy.

In wanting to be "socially responsible" they encouraged the banks to lend money to people for house purchase (at low interest rates) who could not afford to pay it back. They then relied on rising house prices to let people borrow more money against their equity and fuel consumer spending. America even underwrote these mortgages through companies like Fannie Mae and Freddie Mac, (can you believe those names?)

The greatest joke here is that Brown was made chairman of the IMF fund's policy committee. He main role was to oversee the liquidity of banks world wide and ensure that no disaster could befall them. A bit like putting a blind man behind the wheel of a bus.

Of course, unlike Browns economic policies foretold, house prices cannot always outstrip the ability to pay back the mortgage and soon American banks realised this and so began the bundling of AAA rated stocks with the toxic ones. At this point, the credit agencies were leaned on by our brilliant gurus to keep these ratings high.

And we all know what followed.

Banks to blame? Partially due to non due diligence. Credit agencies to blame? Yes due to not refusing to bow to pressure. Greenspan, Brown and Clinton to blame? 100% for not having an ounce of financial savvy between them despite their positions and reputations. Greenspan has belatedly admitted his role in the disaster.

So Chris, it's not all the banks fault although they could have done better. For the UK there is only one culprit and that is the Clunking Chancellor Brown who along with Blair should be in jail for a very long time.

Tony
 
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