Britain's Trillion Pound Horror Story...

britboy4321 · 11 Nov 2010 at 23:25

LabR@t said:
we as a world are screwed factor in these debts and the looming peak oil/energy and the future is bleak.

Ach 20 years ago when I was in school I got taught as fact 'oil will run out in 30 years'. We're not doomed. The tories are using this as an excuse to push through an ideologically driven agenda ..

And also -- they are clever folk these tories - they've used spin to suggest no matter HOW MUCH they mess everything up, it'll be labours fault. Doesn't matter how well or badly the economy recovers .. what they choose to cut .. how much pain we go through .. problem = labours fault, successes = they managed to do it DESPITE labour. Most people on this board think it is physically impossible for the tories to go wrong, and ANYTHING that happens badly because of ANY cuts was Labour. It's just bizarre!

I tell you, the PR machine has been working overtime. It's basically impossible for the tories to get it wrong, whatever they do! If they killed every third child people would be saying 'DAMN LABOUR for making that decision inevitable'!!! :/

LabR@t · 11 Nov 2010 at 23:27

britboy4321 said:
Ach 20 years ago when I was in school I got taught as fact 'oil will run out in 30 years'.

peak oil is not about oil running out m8 !

Its the fact that demand outstrips supply, not enough oil sends the price up which in turn causes recessions ..... recovery ---> demand ---> recession

without growing GDP we cannot even service debts let alone pay them off.

britboy4321 · 11 Nov 2010 at 23:30

LabR@t said:
peak oil is not about oil running out m8 !

Its the fact that demand outstrips supply, not enough oil sends the price up which in turn causes recessions ..... recovery ---> demand ---> recession

without growing GDP we cannot even service debts let alone pay them off.

And the tories risk the GDP by making a load of people redundant and taking money OUT of the economy as fast as they can? Are they mentalists? :/ Another recession will cost us more money then the entirity the cuts are saving, with a LOT more misery. It doesn;t have to be done this quickly. The cuts, at this speed, are ideologically driven.

I've never understood that petrol price problem either TBH ... oil is CHEAPER THAN COCA COLA!! I can get 90 miles to me mum's house for about 7 quid! honestly whats the fuss? Actually I know the answer .. it's all relative. In Iran the revolution was partially caused because petrol DOUBLED in price, to 4p a litre. In America they go mental about 'gas' prices yet pay about a fifth what we do. .. its all relative. If it had been stuck at £1.20 for the last 25 years .. you'd never hear any complaints ....

WingZero30 · 11 Nov 2010 at 23:31

Yosiah said:
Two wars in ten years, too. What do you expect Benefits and Student Loans are only a fraction of the problems now causing all out cuts.

Exactly. Think how much money has been poured in the 2 so called 'wars' for almost 10 years now. Afghanistan and Iraq are hardly any threat to UK. The huge logistics planning and implementation must have consumed billions and billions of pounds. I always say that UK should pull out of these pointless wars and concentrate more on domestic issues especially improving the state of economy which Labour has left in mess.
Leave the americans to their own games and let them reap whatever comes to them for interfering in other regions.
I mean it is very sad state especially for UK that while it's economy is in 'not so good' shape, at the same time a lot of resources are being pulled from this country in those pointless wars which could have been better spent at home

.

Biohazard · 11 Nov 2010 at 23:32

I've started to watch it.

Exactly why do we pay some of these MP's?

Should we not stipulate that they have at least a basic economic understanding, and actually listen to fiscal proposals and discussions that come to the house instead of rolling about getting pished out their tree in the bar, filling out expenses forms and making idiots of themselves on camera?

Hatter The Mad · 11 Nov 2010 at 23:32

britboy4321 said:
Ach 20 years ago when I was in school I got taught as fact 'oil will run out in 30 years'. We're not doomed. The tories are using this as an excuse to push through an ideologically driven agenda ..

Oil is running out because it is finite resource being used (how soon it will run out is another question). Regardless of whether we're 30 years away or 100 years away, starting to invest heavily in moving away from oil dependence can only be a good thing (environmentally, economically, and for the future).

Biohazard · 11 Nov 2010 at 23:32

britboy4321 said:
That was funny .. GB was just laughing at him. I thought he was going to have a heart attack! Popularist daily mail pleasing sensationalism. but fun to watch.

Everything farage said there was true.

PikeyPriest · 11 Nov 2010 at 23:35

britboy4321 said:
Ach 20 years ago when I was in school I got taught as fact 'oil will run out in 30 years'. We're not doomed. The tories are using this as an excuse to push through an ideologically driven agenda ..

And also -- they are clever folk these tories - they've used spin to suggest no matter HOW MUCH they mess everything up, it'll be labours fault. Doesn't matter how well or badly the economy recovers .. what they choose to cut .. how much pain we go through .. problem = labours fault, successes = they managed to do it DESPITE labour. Most people on this board think it is physically impossible for the tories to go wrong, and ANYTHING that happens badly because of ANY cuts was Labour. It's just bizarre!

I tell you, the PR machine has been working overtime. It's basically impossible for the tories to get it wrong, whatever they do! If they killed every third child people would be saying 'DAMN LABOUR for making that decision inevitable'!!! :/

So the solution is to keep borrowing and spending and hope the problem goes away?

Captain_Slick · 11 Nov 2010 at 23:36

It's just easier to believe that the now Tory government of the UK is being controlled by a worldwide organisation that also controls every other developed countries government and that nothing we do will change it... *tinfoil*

britboy4321 · 11 Nov 2010 at 23:36

Hatter The Mad said:
Oil is running out because it is finite resource being used (how soon it will run out is another question). Regardless of whether we're 30 years away or 100 years away, starting to invest heavily in moving away from oil dependence can only be a good thing (environmentally, economically, and for the future).

Maybe, but there's an obvious curve there somewhere. As in, we don't need to completely stop using oil within 5 years .. so why invest trillions into sortnig the problem today with 2010 technology, when we could wait for 15 years and sort it out for a lot cheaper with 2025 tech (and the chance someone clever has thought of a fine alternative)?

Let the market have it's way I say .. the 'jackpot' of discovering an alternative will get higher and higher until someone will manage it. BP isn't going to keel over and die rather than find an alternative .. let the market do it's thing ..

Captain_Slick · 11 Nov 2010 at 23:36

britboy4321 said:
Maybe, but there's an obvious curve there somewhere. As in, we don't need to completely stop using oil within 5 years .. so why invest trillions into sortnig the problem today with 2010 technology, when we could wait for 15 years and sort it out for a lot cheaper with 2025 tech (and the chance someone clever has thought of a fine alternative)?

Let the market have it's way I say .. the 'jackpot' of discovering an alternative will get higher and higher until someone will manage it. BP isn't going to keel over and die rather than find an alternative .. let the market do it's thing ..

Maybe because without investing trillions today, the tech in 2025 won't be a lot cheaper?

LabR@t · 11 Nov 2010 at 23:36

Biohazard said:
Everything farage said there was true.

should watch other vids , I voted UKIP I would love to see him PM.

britboy4321 · 11 Nov 2010 at 23:37

PikeyPriest said:
So the solution is to keep borrowing and spending and hope the problem goes away?

Stop the spending a bit at a time over maybe 10 years whilst keeping a careful look at the market to ensure we don't go back into another recession.

Never forget, another recession would be WORSE than keeping the debt. Another recession is the worst risk here ..

Captain_Slick · 11 Nov 2010 at 23:38

britboy4321 said:
Stop the spending a bit at a time over maybe 10 years whilst keeping a careful look at the market to ensure we don't go back into another recession.

Never forget, another recession would be WORSE than keeping the debt. Another recession is the worst risk here ..

And what about the debt repayments over those ten years?

LabR@t · 11 Nov 2010 at 23:39

britboy4321 said:
Maybe, but there's an obvious curve there somewhere. As in, we don't need to completely stop using oil within 5 years .. so why invest trillions into sortnig the problem today with 2010 technology, when we could wait for 15 years and sort it out for a lot cheaper with 2025 tech (and the chance someone clever has thought of a fine alternative)?

Let the market have it's way I say .. the 'jackpot' of discovering an alternative will get higher and higher until someone will manage it. BP isn't going to keel over and die rather than find an alternative .. let the market do it's thing ..

Have you not noticed that there is no money left, leaving to the markets is a big mistake, planning for a sustainable society is the way forward.

stop globalization, local communities are the only way forward.

britboy4321 · 11 Nov 2010 at 23:39

Captain_Slick said:
Maybe because without investing trillions today, the tech in 2025 won't be a lot cheaper?

I dunno .. look at 1995 tech. It's pants compared to now. Would you use 1995 tech to try and release a decent smart-phone? It'd be rubbish compared to 2010. Would you use 2010 tech to try for an alternative to oil? It'd be rubbish compared to 2025 ..

Captain_Slick · 11 Nov 2010 at 23:40

britboy4321 said:
I dunno .. look at 1985 tech. It's pants. Would you use 1995 tech to try and release a decent smart-phone? It'd be rubbish compared to 2010. Would you use 2010 tech to try for an alternative to oil? It'd be rubbish compared to 2025 ..

Yes, but without those technologies, the tech we have today probably wouldn't exist. Without the mobile tech of the late 80s and 90s, we wouldn't have iPhones and Blackberrys today.

It doesn't just appear out of nowhere. Tech invented today creates the tech of 2025.

britboy4321 · 11 Nov 2010 at 23:41

Captain_Slick said:
And what about the debt repayments over those ten years?

Pay it out of the super-duper tax receipts you're getting from the private sector doing so well ..

I'm not talking about NOT reducing the debt -- I'm talking about doing it slowly and cautiously whilst watching the market .. rather then the slash and dash and it's Labours fault if it goes wrong system we're going for ..

Captain_Slick · 11 Nov 2010 at 23:43

britboy4321 said:
Pay it out of the super-duper tax receipts you're getting from the private sector doing so well ..

I'm not talking about NOT reducing the debt -- I'm talking about doing it slowly and cautiously whilst watching the market .. rather then the slash and dash and it's Labours fault if it goes wrong system we're going for ..

But the private sector isn't doing well and wasn't doing well before the cuts. Developed countries markets have reached saturation. There's only so much growth to be had.

Glaucus · 11 Nov 2010 at 23:43

i belive we arent even paying interest