Jump to content

Recommended Posts

There's nothing really to address. He's taken some rather obvious points like natural diasters having an economic impact and blown them out of all proportion.


He's a little bit late to be talking about economic disaster anyway - we've just had one of those.


Sure productivity will be affected, but then conversely rebuidling efforts will help drive comnercial growth in the medium term.


25% of UK firms have recruited since the beginning of the year, the US has generated 500,000 jobs in the same period. Despite Mr. Ruppert's convctions, these (and the rest of the wordl) are not all reliant on Japanese components.


He's mainly obsessed with automotive because it's a US cultural meme.

He's been predicting 'the collapse of industrial civilisation' for ages now. I mean, when you run a site called CollabseNet then declaring that everything is hunky-dory might just be a little bad for business.


Apparently now a few component shortages in two industries is going to cause the end of the world as we know it. At least he's put a date on it and we can look forward to him being able to STFU in August.

And have a look at this from about a year ago:


http://www.youtube.com/watch?v=wCvl_kzjaj0&feature=related


FF to 4.22 where he confidently predicts that the gulf oil leak will destroy the entire region due to the whole reserve being allowed to leak. So his crystal ball is a little... erm... faulty.


I love how anyone who doesn't agree with his little doomsday prophecy is a 'zombie'. I think we are safely into nutter territory here.

  • 2 weeks later...
  • 3 months later...

Why? Shares down, a little panic selling. Not like that's never happened before. The bargain hunters will be along soon.


Are you actually saying we should start building lifeboats, like he said. I'm not sure your soothsayer knows the difference between an economic collapse and a dam collapse.


Your little smiley suggests you seem to be actively hoping for a global economic collapse, just so you can be seen as correct. Slightly sick, really.

he got the timing of a 'collapse' (if you call a small correction relative to a doubling in the value of an index a 'collapse' bang on) - well done him


but the reason for the 'collapse' spectacularly wrong - so he's just a random who said the markets will fall in the summer... no sh1t


corporate earnings are the only thing positive about what's going on right now (except banks)

  • 10 months later...

Maybe this summer. Personally as someone who was really pessimistic back in late 2007, I'm feeling as bad now.


A very possible scenario I think MOST western European countries are going to have some sort of debt crisis or default. I include the UK us in this - yeatesrday's news that PSBR had gone up despite the cuts just showed how over stretched governemnt spending is and the tories have completley lost their nerve on meningful reductions or tax rises as far as I can see (how many u-turns?). People don't want cuts BECAUSE THEY ARE 'ORRIBLE and are so myopic about the dire situation that western economies and governements are in that they just think that the money tree means we don't have to worry about any of this..just vote it away. Meanwhile global banks exposure to sovreighn debt means that the 2nd credit crunch is already grinding away and has a very big chance of happening anytime soon.


As far as I can see, Inflation is the only way out and that'll bring another set of huge problems.


Buy gold, head for the hills.

I got the answer:


Get a fifty pound note put it in your scanner and make as many copies of said note as you can, then deposit the copies in to your bank account.


The above information is a joke, but the above is what the bank of England is doing and will be doing until the house of cards does what all Ponzi scheme do ?collapse?


The Bank of England is a private central bank.

New Nexus Wrote:

-------------------------------------------------------


> The Bank of England is a private central bank.


Was private, but not since 1946. Your information is only 66 years out of date, so at least you are improving.


http://www.bankofengland.co.uk/about/Documents/legislation/1946act.pdf

And of course delightfully overlooks that controlled inflation (or quantitative easing) is the most exquisite and satisfying way of depriving the top 1% of the population who have acquired so much of our wealth of the right to enjoy it.


The biggest opponents of quantitative easing are those sitting on stuffed bank accounts.


If you're anti-QE and you're not in that gang then you're a mug.

Actually, the better half (her being a contract lawyer) thinks that nothing changed in regard to the ownership after reading the 1946 Act.


Provision 1 thus -:


(1) On the appointed day ?

(a) the whole of the existing capital stock of the Bank (hereinafter referred to as ?Bank

stock?) shall, by virtue of this section, be transferred, free of all trusts, liabilities and

incumbrances, to such person as the Treasury may by order nominate,(3) to be held by

that person on behalf of the Treasury;


...


However, further reading down reveals Provison 8 -:



8. The Government stock issued in substitution for any Bank stock shall be held in the

same rights and on the same trusts and subject to the same powers, privileges, provisions,

charges, restraints and liabilities as those in, on or subject to which the Bank stock was held

immediately before the appointed day, and so as to give effect to and not revoke any deed,

will, order, mandate, notice or other instrument or testamentary or other disposition

disposing of or affecting the Bank stock, and every such instrument or disposition shall take

effect with reference to the whole or a proportionate part, as the case may be, of the

substituted Government stock.


So, her take is this...if the owners of the private bank stock were then nominated by the Treasury after the 1946 Act then nothing changed, and it still remains a private bank. Especially if the original bank stock was held in trusts or wills etc.


I think purely on the 1946 Act the ownership of the BoE still remains a little murky, not that I want to give New Nexus any more ammunition.

Carter Wrote:

-------------------------------------------------------


>

> So, her take is this...if the owners of the private bank stock were then nominated by the

> Treasury after the 1946 Act then nothing changed, and it still remains a private bank. Especially if

> the original bank stock was held in trusts or wills etc.


But deep in the BoE's charter, you'll find "By the Bank of England (Transfer of Stock) Order, 1946 (S.R. & O. 1946 No. 238) the person nominated was the Solicitor for the Affairs of H.M. Treasury (the Treasury Solicitor)."


So, either he retired a very rich man or the Bank of England was successfully nationalised.

Huguenot Wrote:

-------------------------------------------------------

> And of course delightfully overlooks that

> controlled inflation (or quantitative easing) is

> the most exquisite and satisfying way of depriving

> the top 1% of the population who have acquired so

> much of our wealth of the right to enjoy it.

>

> The biggest opponents of quantitative easing are

> those sitting on stuffed bank accounts.

>

> If you're anti-QE and you're not in that gang then

> you're a mug.



Er, millions of pensioners on fixed annuities. Utter rot huge.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • OK, I have been extremely stupid. This is a long and sorry saga, so unless you are into schadenfreude,  or know about laptops and might actually be able to help, you probably need to stop reading here. I got a new laptop last May, with a 2 year guarantee from John Lewis (that was my first mistake, but the laptop met all my requirements at a very good price). I hate OneDrive, and I  had been using Carbonite for backing up files.  When I got the new laptop, the files from my old laptop which had been backed up on Carbonite were downloaded onto it. For tedious reasons originally related to problems with my old laptop, files and folders were duplicated all over the place. Sorting this out wasn't top of my priorities. In an attempt to at least keep new files,  and files edited since I bought the laptop, in one place and completely separate from all the old duplicated  files, I saved them all into folders  on the SSD. However, I didn't restart the Carbonite backup, because my intention was to sort out all the duplicate files first. About a fortnight ago, I bought an external hard drive. My intention was to copy everything on the new laptop onto it before I started deleting any of the duplicate files. I hadn't done that yet because I had to finish doing my accounts and then do my online tax return. So the copying was next on my To Do list. The inevitable happened. Out of the blue, my laptop went into complete meltdown. I was editing a spreadsheet and went into settings to turn the brightness up. I checked the brightness was ok on the spreadsheet, came out of settings, and suddenly everything went black. I did all the obvious things, then googled other possible fixes, including specific to my laptop model, but nothing worked. On starting the laptop, the Lenovo logo came up, the little white circle turned round, the red light for face recognition flashed, then zilch.  But clearly it wasn't a problem with the physical screen, as it displayed the logo. It wouldn't start in safe mode either. I thought I might either have accidentally changed some setting, or else it might be connected with a recent update  I couldn't try some of the tests suggested, eg removing RAM, because anything involving physically unscrewing my laptop would invalidate the guarantee  I am a member of Which Tech, so I contacted them. Obviously their hands were rather tied as they couldn't connect remotely to the laptop as there was no display. They said I couldn't have clicked on some other setting by mistake, as the display section only related to the display. They said they thought it was probably an issue with either the operating system or the mother board, or a component of them. They said it should be possible to identify the fault without losing my data. Given the involvement of John Lewis, I said I thought this was unlikely, as they had once told me to do an unnecessary factory reset on my old laptop and told me this wouldn't lose my data, which I had queried at the time,  and had to pay me compensation. So at this point I phoned John Lewis, to be told a repair would take "up to 28 working days" and no they wouldn't supply a replacement laptop during that time. I decided to take the laptop to John Lewis rather than have it collected, so their tech people could look at it first. So then the JL tech person said I must have clicked on  Bitlocker by mistake and locked myself out out of the laptop. I thought this was highly unlikely. Anyway, pursuing this line of thought did not help, and she was still unable to get into it by putting in the Bitlocker code. So then we had the data saving conversation. She said the company the laptop would go to was approved by Lenovo. She said they would do a factory reset first regardless. I said could they not try to identify the fault first. She said no. I said could I not request that they did. She said no. She said I could pay £150 for data retrieval, which could be done first. She said it would require removing the hard drive. She said if anybody else did this it would invalidate the guarantee. So. I have brought the laptop home to think things over. But I'm not willing to pay £150,  because the important files I can reconstruct by other means, and I have hard copies of most of them, it's just a time consuming pain. I have contacted Carbonite to see if they have any way of backing up the non backed up data even though I can't get into the laptop. If you have managed to reach the end of this post, congratulations 🤣 and do you have any bright ideas? I have typed all this on my mobile. It has taken a very very long time 🤣
    • I thought I saw some TW workmen there when it first happened last weekend but maybe it's too big for them to fix and they can't switch the mains off there without shutting all the businesses down.
    • You copy the address in the URL and then paste here  
    • Off the top of my head, there are notice boards in Sainsbury's and the library where small businesses can advertise, not to overlook the internet and forums such as this which these days is where very many go to first for small business information. I find it strange that you are mounting this crusade to allow small businesses the right to advertise in the Community noticeboards when there are so many alternatives these days. As I said before, the Community noticeboards are too small to accommodate commercial notices and would probably overwhelm and obscure the NFP notices. For info, during the week there is just as broad a mix passing by the NXR boards as the one by the station
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...