[Brillopad]

Originally Posted by Kizzy

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics...-labour-brexit

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same.

[DemolitionRed]

Originally Posted by Kizzy

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics...-labour-brexit

Nice one!

[DemolitionRed]

Originally Posted by Brillopad

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same.

Source?

But buying a council house (and I can't find anything that says he did) is not quite the same as the corruption and conspiracy that helped bring about the world crash or maybe in your world its as bad!

[Kizzy]

Originally Posted by Brillopad

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same.

The country is ruined... we have nothing we make nothing and our only hope for our kids to have any kind of a future where they have any hope of a decent standard of living unless born into privilege is Corbyn.

No that would be me, but your trolling of me is expected now.
Corbyn agrees with the right to buy and would extend it.

https://www.theguardian.com/society/...d-by-thinktank

[Brillopad]

Originally Posted by Kizzy

The country is ruined... we have nothing we make nothing and our only hope for our kids to have any kind of a future where they have any hope of a decent standard of living unless born into privilege is Corbyn.

No that would be me, but your trolling of me is expected now.
Corbyn agrees with the right to buy and would extend it.

https://www.theguardian.com/society/...d-by-thinktank

You like accusing others of baiting or trolling you - becoming quite a habit. Maybe just a lot paranoid. There are not exactly many posts to respond to and your views are hardly popular with many. Expect criticism, you are damn quick to give it.

[joeysteele]

Originally Posted by Kizzy

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics...-labour-brexit

A strong factual and great post from you again Kizzy.
Good one.

[DemolitionRed]

Morgan Stanley are clearly very worried about Corbyn and so they should be. This house of cards could so easily come crashing down.

[Kizzy]

Originally Posted by Brillopad

You like accusing others of baiting or trolling you - becoming quite a habit. Maybe just a lot paranoid. There are not exactly many posts to respond to and your views are hardly popular with many. Expect criticism, you are damn quick to give it.

I don't care how popular my views are I will not be railroaded form the discussion with your sniping.

[Kizzy]

Originally Posted by joeysteele

A strong factual and great post from you again Kizzy.
Good one.

Thank you Joey

[Kizzy]

Originally Posted by DemolitionRed

Morgan Stanley are clearly very worried about Corbyn and so they should be. This house of cards could so easily come crashing down.

When it does I won't say 'I told you so'... I'll shout it from the mother frigging rooftops!

[Kizzy]

Youtube video

[Oliver_W]

lol his "for the many, not the few" is his "strong and stable". Bless him.

Though banking does sound more lucrative than my current career choice!

[DemolitionRed]

There’s a reason why Keynesian economics worked and continue to work so well around the globe. The UK however, appears to of lost its way and is now entrenched in greedy mob style corporations of speculators and gamblers like Morgan Stanley. Wealth inequality is what presently drives this economy and this present government appears to of lost a grasp on all economic commonsense.

Whilst we don’t have a military dictatorship, we are behaving in a similar fashion to Nigeria because just like them, we are secreting vast amounts of our countries wealth off-shore and allowing finance capital (wealth extractors) to sit on that wealth. Such companies capitalize on how a country is run and our fearful leaders are ignoring the noise. https://openaccess.leidenuniv.nl/handle/1887/20579

Surely everyone has to ask our government why we are no longer investing in innovative new technology that will provide jobs and balance our economy. Surely even the most hardened neolibis and Tory voters who know jack-siht about our economy can see that gone are Thatchers house buying days and back are the rentier class.

As for Brillo and Adams comments, how about you join the debate about economic development? You are either interested and believe we need solutions or you're not and you don’t. Just coming in and making unsubstantiated snide comments about Corbyn don’t add to the discussion and do come across as trolling. You either believe this government has control over its economy or you don’t but try saying something of substance... or am I asking too much?

[DemolitionRed]

Originally Posted by Oliver_W

lol his "for the many, not the few" is his "strong and stable". Bless him.

Though banking does sound more lucrative than my current career choice!

What kind of evil do you need to support the wealth extractors? I don't think your evil btw, I just think you lack understanding and don't take any of this seriously.

[DemolitionRed]

Originally Posted by Kizzy

When it does I won't say 'I told you so'... I'll shout it from the mother frigging rooftops!

I get that

[bitontheslide]

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

[The Slim Reaper]

Originally Posted by bitontheslide

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

Can you explain how this economic model works out?

Nurses and all other public sector workers are paid for by tax revenue, which is what every person earning income in the country is responsible for. Banks and corporations involve themselves in (often nefarious) tax avoidance schemes by hiding their money away from the tax man.

Banker bonuses don't encourage anyone to work harder for the good of society, and these people will also campaign, moan, and complain about the taxes they do have to pay. Is it just a coincidence that these same people make generous donations to political parties to encourage legislation that benefits them?

After the 2008 global financial collapse, which was caused by banks, all of the banking ceo's received their bonuses that year and ever since.

The premise of your post is not only incorrect, it's willfully ignorant.

[bitontheslide]

Originally Posted by The Slim Reaper

Can you explain how this economic model works out?

Nurses and all other public sector workers are paid for by tax revenue, which is what every person earning income in the country is responsible for. Banks and corporations involve themselves in (often nefarious) tax avoidance schemes by hiding their money away from the tax man.

Banker bonuses don't encourage anyone to work harder for the good of society, and these people will also campaign, moan, and complain about the taxes they do have to pay. Is it just a coincidence that these same people make generous donations to political parties to encourage legislation that benefits them?

After the 2008 global financial collapse, which was caused by banks, all of the banking ceo's received their bonuses that year and ever since.

The premise of your post is not only incorrect, it's willfully ignorant.

No need for that .... its neither ignorant or incorrect.

[DemolitionRed]

Originally Posted by bitontheslide

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

The Bank of England generates/prints money but remember, TBE is government owned and can therefore print as much money as it wants. Printing too much money though, would create QE and QE would create inflation, so it has to be heavily regulated. Other banks can create money when they lend but only under strict government regulations and the banks who print money to lend, are wholly responsible for collecting that personal debt.

The bank do not pick up the bill for money spent into the economy (including nurses salaries!) but the government (who own the TBE) have to re-claim currency by tax. Remember, money has no real intrinsic value until it becomes currency. The government bank circulates Money into the economy to turn that money into currency.

Spending comes before tax and tax doesn’t have to be re-paid in full because all money comes with a promise to pay. Therefore, all government debt represents is government spending not yet cancelled out by tax.

There would be no fiat money without taxes.

[The Slim Reaper]

Originally Posted by bitontheslide

No need for that .... its neither ignorant or incorrect.

You made the post, I just commented on it, and then I asked you to explain it.

Ignorant isn't a word to be offended by, it just means lacking knowledge. Maybe you can explain how it's neither ignorant or incorrect, rather than just stating it? That might help us both out?

[DemolitionRed]

@The Slim Reaper;

You've made some good points.

When money isn't spent into the economy and doesn't become currency on our own shores, that's going to eventually have catastrophic results for two reasons. 1. There is no tax return or inadequate tax return and 2. The currency isn't circulating within our economy.

They aren't paid on tax revenue though, they are paid on a promise of a return of tax revenue.

I believe the last financial crash was a small blip in comparison to what's coming. Banks like Morgan Stanley learnt nothing from the last crash. They were bailed out massively and then it was back to business as usual. They've been doing the exact same thing for the past 9 years but they have been doing it in tenfold.

[Kizzy]

Originally Posted by bitontheslide

No need for that .... its neither ignorant or incorrect.

It is ignorant we bailed out the banks! How then are they paying anyones salary?

[Kizzy]

Youtube video

[DemolitionRed]

Originally Posted by Kizzy

Youtube video

He's a very passionate man and I enjoy his short clips. I always wonder if he's a taxi driver?

Longest decline in living standards for 60 years