Duke you wouldnt argue that germany made the correct long term decision to invest?

They were 16 or 17 max. Talking about how sick they were of getting tax taken off their pay to pay for scroungers
-------
It's mental and depressing. So many fcking idiots in this country.

comment by Partick Bateman (U14112)
posted 1 minute ago
Thatchers legacy is (in the words of arsemooth) "broken britain" - a country of greed, selfishness and inequality.

===
but we had all that before her

Comment deleted by Site Moderator

Rued there is a difference between discovering oil and extracting it and selling it.

It takes years.

comment by You're Right. - "tramp the dirt down" (U14549)
posted 38 seconds ago
Duke you wouldnt argue that germany made the correct long term decision to invest?

==

no they seem to be doing ok
countless UK governments had the chance and decided to go another route.
To put it at one persons door is not correct.

Certainly beginning to sound like the greatest scapegoat history has ever heard of

but we had all that before her
-----
Not to the same degree. We had one of the most equal societies in Europe. Now the gap between rich and poor is rising faster than ever, and has done since her time.

Can anybody tell me how Japans economy is doing these days?

1989 Economic Bubble
Further information: Japanese asset price bubble

In the decades following World War II, Japan implemented stringent tariffs and policies to encourage the people to save their income. With more money in banks, loans and credit became easier to obtain, and with Japan running large trade surpluses, the yen appreciated against foreign currencies. This allowed local companies to invest in capital resources much more easily than their competitors overseas, which reduced the price of Japanese-made goods and widened the trade surplus further. And, with the yen appreciating, financial assets became very lucrative.

With so much money readily available for investment, speculation was inevitable, particularly in the Tokyo Stock Exchange and the real estate market. The Nikkei stock index hit its all-time high on December 29, 1989 when it reached an intra-day high of 38,957.44 before closing at 38,915.87. The rates for housing, stocks, and bonds rose so much that at one point the government issued 100-year bonds. Additionally, banks granted increasingly risky loans.

At the height of the bubble, real estate values were extremely over-valued. Prices were highest in Tokyo's Ginza district in 1989, with choice properties fetching over US$1.5 million per square meter ($139,000 per square foot). Prices were only slightly less in other areas of Tokyo. By 2004, prime "A" property in Tokyo's financial districts had slumped and Tokyo's residential homes were a fraction of their peak, but still managed to be listed as the most expensive real estate in the world. Trillions were wiped out with the combined collapse of the Tokyo stock and real estate markets.

With Japan's economy driven by its high rates of reinvestment, this crash hit particularly hard. Investments were increasingly directed out of the country, and Japanese manufacturing firms lost some degree of their technological edge. As Japanese products became less competitive overseas, some people argue that the low consumption rate began to bear on the economy, causing a deflationary spiral.

The easily obtainable credit that had helped create and engorge the real estate bubble continued to be a problem for several years to come, and as late as 1997, banks were still making loans that had a low guarantee of being repaid. Loan Officers and Investment staff had a hard time finding anything to invest in that would return a profit. Meanwhile, the extremely low interest rate offered for deposits, such as 0.1%, meant that ordinary Japanese savers were just as inclined to put their money under their beds as they were to put it in savings accounts. Correcting the credit problem became even more difficult as the government began to subsidize failing banks and businesses, creating many so-called "zombie businesses". Eventually a carry trade developed in which money was borrowed from Japan, invested for returns elsewhere and then the Japanese were paid back, with a nice profit for the trader.

The time after the bubble's collapse (崩壊 hōkai?), which occurred gradually rather than catastrophically, is known as the "lost decade or end of the 20th century" (失われた10年 ushinawareta jūnen?) in Japan. The Nikkei 225 stock index eventually bottomed out at 7603.76 in April 2003, moved upward to a new peak of 18,138 in June 2007, before resuming a downward trend. The downward movement in the Nikkei is likely due to global as well as national economic problem

Apparently Thatcher is to blame for their decline!

@Martin1Williams: #Radio1 controller Ben Cooper says the station's chart show will only play "four or five seconds" of #DingDongTheWitchIsDead. #censorship

Its all about timing duke. Sadly we missed the boat andwe are left with the country the way it is.

First Oil production was around 74.

Oh yeah that's right the Unions held the country to ransom

And how many times do I have to remind you that there were loads of people on strike from all areas.

Britain wasn't working under Labour. Why do you think Thatcher got in ffs

Celtic Dave - I am in agreement in part of what you say.

If you have paid in then the state should pay out!

However if you havent paid in then you should get £0!

As for the 16/17 year olds fair play to them if they are paying tax!

comment by Partick Bateman (U14112)
posted 2 minutes ago
but we had all that before her
-----
Not to the same degree. We had one of the most equal societies in Europe. Now the gap between rich and poor is rising faster than ever, and has done since her time.

===

oh come on

we had kids up chimneys FFS

There's nothing wrong with striking. It's what gave us the rights we have.

It's what gave us a 5 day week and reasonable hours.

In the next few years and it's started already. There will be more and more jobs on poor wages, poor conditions, rubbish hours and holidays and if you think this wont go one way without union power then you are deluded.

Companies only care for profits full stop.

But nah you carry on sticking up for the businesses and not the average worker.

We had one of the most equal societies - aye every cant was on strike

comment by You're Right. - "tramp the dirt down" (U14549)
posted 2 minutes ago
Its all about timing duke. Sadly we missed the boat andwe are left with the country the way it is.

===

PROBABLY

But given the mess created by Mr Callaghan or at least added to by.

The tidy up took much longer

We had kids up chimneys until the labour movement and strikes.

My Mum was talking about it last night. My Grandad use to work for Rolls Royce. One day a guy fell a sleep and missed his 5 minute break. Because he never got it, they went on strike for 14 weeks! Thats mental!

I'm talking recent history Duke

Comment deleted by Site Moderator

Castle Grayskull's Rangers FC 55 and Counting (U3573)
posted 3 seconds ago
There's nothing wrong with striking. It's what gave us the rights we have.

It's what gave us a 5 day week and reasonable hours.

In the next few years and it's started already. There will be more and more jobs on poor wages, poor conditions, rubbish hours and holidays and if you think this wont go one way without union power then you are deluded.

Companies only care for profits full stop.

But nah you carry on sticking up for the businesses and not the average worker.

I never said there was anything wrong with striking and I am not standing up for businesses you clown. Don't dare to tell me what my political affiliations are.

I have already stated that I disagreed with most of Thatcher's policies. Why dont you actually try reading what I say

Did you neglect to read also where i was out of work for a couple of months whilst married with two kids and a mortgage and was entitled to £62 a week?

Don't patronise me with your "oh look at this bloke he's all for companies and big wealth and sod everyone else".

Have you ever been unemployed and not been able to cope? It's a pretty debilitating situation and causes untold grief both financailly and domestically being as I am one of the workers.

One day a guy fell a sleep and missed his 5 minute break

Id have guessed it was a paid sleep and he was "entitled" to his break

PROBABLYBut given the mess created by Mr Callaghan or at least added to by.The tidy up took much longer
--------

Agreed.

However she was in power she made the wrong choices at the wrong time and she was responsible for destroying families and communities.

That is why she deserves most of the blame. imo

Agreed.

However she was in power she made the wrong choices at the wrong time and she was responsible for destroying families and communities.

That is why she deserves most of the blame. imo

I agree but you have to remember why she got in. What went previously was disastrous as well.