marvellous news well done Gordon.
Discussion
http://news.bbc.co.uk/1/hi/business/4238045.stm
Whilst I applaud the concept (a bit), no wonder the country is going down the pan.
Not only do we allow any Tom, Dick or Harry into the country to enjoy the benefits (!) of British generosity, the feckwits in charge of the country want to lead the way in a massive charity give away.
I give up. Why is it always Britain that wants to lead the way. I don't see France, Germany or Switzerland rushing forward to write off debts.
Perhaps we could ask Brown to have a word with my credit card and mortgage companies while he's on a roll.
That'll be a NO then Gordon?
To$$er.
>>> Edited by andygo on Saturday 5th February 16:08
Whilst I applaud the concept (a bit), no wonder the country is going down the pan.
Not only do we allow any Tom, Dick or Harry into the country to enjoy the benefits (!) of British generosity, the feckwits in charge of the country want to lead the way in a massive charity give away.
I give up. Why is it always Britain that wants to lead the way. I don't see France, Germany or Switzerland rushing forward to write off debts.
Perhaps we could ask Brown to have a word with my credit card and mortgage companies while he's on a roll.
That'll be a NO then Gordon?
To$$er.
>>> Edited by andygo on Saturday 5th February 16:08
Yes and given we have to pay tax on the interest gained on our savings why can't we offset against the same tax interest paid on loans?
Yes I know you can get an offset mortgage that does this but why isn't it a general principle?
I don't see Brown writing off my mortgage...
But still. We've got to help 3rd world economies so we can outsource millions of our jobs to them later.
Oh yes. And make ourselves utterly dependent on them just like we are on the Middle East. Very
good idea...
Like you I don't have a problem with charitable donations. Its just I'd prefer to decide myself where my charitable donation goes...
Yes I know you can get an offset mortgage that does this but why isn't it a general principle?
I don't see Brown writing off my mortgage...
But still. We've got to help 3rd world economies so we can outsource millions of our jobs to them later.
Oh yes. And make ourselves utterly dependent on them just like we are on the Middle East. Very
good idea... Like you I don't have a problem with charitable donations. Its just I'd prefer to decide myself where my charitable donation goes...
Do you ever wonder just how much money there must be in the Governments coffers?
If they can write off such huuuuge sums of money, why the feck can't they spend it sorting out this countries problems.
Oh, sorry, just realised, they are spending huge sums of money in this country. Just not getting anywhere doing it
>> Edited by carsarecool on Saturday 5th February 16:21
If they can write off such huuuuge sums of money, why the feck can't they spend it sorting out this countries problems.
Oh, sorry, just realised, they are spending huge sums of money in this country. Just not getting anywhere doing it
>> Edited by carsarecool on Saturday 5th February 16:21
Thsi so called plan seems much more like Brown using our money to promote his own ego.
Frankly the report was a very confusing read and at the detail level sounds like it sounded a couple of weeks ago - a load of large numbers being puffed into something meaningful.
On the other hand the Marshall Plan helped ensure that the lender - USA - prospered greatly after WW2 at short term cost to the other economies. Germany did quite well out of the fall out. Or maybe my economic history, such as it is, is inaccurate. But if he really has a 'Marshall Plan' concept the reality may not match the headlines.
As for saying the 5 million EU jobs could be outsourced (evenly spread or mostly UK based jobs?) one does begin to wonder what the economy would need to achieve in order to be sure to be in a position to fund all the internal BS they are promoting AND the now unemployed 5 million and any of their dependants yet still have enough spare dosh washing around to fund the third world and its money and asset grabbing 'elite'.
Maybe he has a way of turning water into wine and feeding the world on a few loaves and fishes.
I suspect the whole thing would work better if we just created a money pot for Nigerian 911 scammers to dip into.
Still, any organisation that can allegedly spend 900 million on failing to get a few kids to attend school regularly will surely have the skill and knowledge to get this scheme up and running. Won't they?
Frankly the report was a very confusing read and at the detail level sounds like it sounded a couple of weeks ago - a load of large numbers being puffed into something meaningful.
On the other hand the Marshall Plan helped ensure that the lender - USA - prospered greatly after WW2 at short term cost to the other economies. Germany did quite well out of the fall out. Or maybe my economic history, such as it is, is inaccurate. But if he really has a 'Marshall Plan' concept the reality may not match the headlines.
As for saying the 5 million EU jobs could be outsourced (evenly spread or mostly UK based jobs?) one does begin to wonder what the economy would need to achieve in order to be sure to be in a position to fund all the internal BS they are promoting AND the now unemployed 5 million and any of their dependants yet still have enough spare dosh washing around to fund the third world and its money and asset grabbing 'elite'.
Maybe he has a way of turning water into wine and feeding the world on a few loaves and fishes.
I suspect the whole thing would work better if we just created a money pot for Nigerian 911 scammers to dip into.
Still, any organisation that can allegedly spend 900 million on failing to get a few kids to attend school regularly will surely have the skill and knowledge to get this scheme up and running. Won't they?
james_j said:
WTF did they do with the loans in the first place? Where's the money gone?
They bought arms from us and the states I believe.
Similar to how we are still paying off a loan from the US which funded the 2nd world war/rebuilding after it. I havent seen a campaign to drop that debt though
Pete
Gordon the moron strikes again. The corrupt and incompetent ruling classes in Africa must be rubbing their hands at this. We should give them nothing but education. Corruption is too ingrained for money to ever achieve anything in Africa. Same goes for the tsunami money in Asia. A few pence in the pound at best will go where it should.
parrot of doom said:
Some astonishing ignorance displayed in this thread.
Of what and how so?
Clearly highly indebted countries are not ever going to be able to pay their loans back. Writing it off is merely acknowledging the truth.
There again. Why loan them money when it could simply be given. If its simply given - then to whom should it be given and under what circumstances?
Who should get to make the choices? The wealth generators or the "wealth distributors"?
Its a question of philosphy. Not ignorance.
parrot of doom said:
Some astonishing ignorance displayed in this thread.
Eh?
Developed World lends 3rd World country money for aid to help the people.
Third World Government pockets 1/2 the money and spends the rest on arms to fend off their opposition elements.
Third World countries Government stays in power.
Developed World never sees a repayment of the loan.
carsarecool said:
Some astonishing ignorance displayed in this thread.
Eh?
Developed World lends 3rd World country money for aid to help the people.
Third World Government pockets 1/2 the money and spends the rest on arms to fend off their opposition elements.
Third World countries Government stays in power.
Developed World never sees a repayment of the loan.
How about:
Gordon offers debt relief
IMF insists countries open their markets to foreign competition
Countries cannot compete
Economies fail
Why is it you think that lots of these countries suffer from corruption and civil wars? Wealth? Pull the other one.
You also show a lack of knowledge about the structure of these loans. Gordon Brown can pontificate as much as he likes about cancelling the debts, but as government loans form only a minority of the accumulated debt, it isn't going to happen.
"Why is it you think that lots of these countries suffer from corruption and civil wars? Wealth? Pull the other one. "
What? African countries don't suffer currently from civil wars? Sudan, Zimbabwe etc etc. If not recognised internationally as civil wars, that's what they are, or will be very soon. And the ruling party isn't corrupt?
Come on, you may have more knowledge in this matter than me, admitted, but you can't deny that there's corruption in almost every level of government in African politics.
What? African countries don't suffer currently from civil wars? Sudan, Zimbabwe etc etc. If not recognised internationally as civil wars, that's what they are, or will be very soon. And the ruling party isn't corrupt?
Come on, you may have more knowledge in this matter than me, admitted, but you can't deny that there's corruption in almost every level of government in African politics.
carsarecool said:
"Why is it you think that lots of these countries suffer from corruption and civil wars? Wealth? Pull the other one. "
What? African countries don't suffer currently from civil wars? Sudan, Zimbabwe etc etc. If not recognised internationally as civil wars, that's what they are, or will be very soon. And the ruling party isn't corrupt?
Come on, you may have more knowledge in this matter than me, admitted, but you can't deny that there's corruption in almost every level of government in African politics.
Actually ALL politics.
Every politician has had the 'truth' module surgically removed from their miniscule brain.
The whole point of their existence is to sell nice ideas to the majority of voters. Naturally, each voter has a slightly different requirement, so the politician mereley adapts his speil to suit each voter.
Yep. Totally agree.
Most of the politicians in this country are now 'career politicians.' In it for themselves & no one else. (£120k expenses all round)
Seen Tony Benn interviewed recently? Over 80 years old and still talks sense to me and I don't even support his Labour ideals.
BUT,
he believes passionately in what he is speaking up for and that's what is missing from our (ever becoming more like America) political assailants in good old GB.
Most of the politicians in this country are now 'career politicians.' In it for themselves & no one else. (£120k expenses all round)
Seen Tony Benn interviewed recently? Over 80 years old and still talks sense to me and I don't even support his Labour ideals.
BUT,
he believes passionately in what he is speaking up for and that's what is missing from our (ever becoming more like America) political assailants in good old GB.
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