What is wrong with us thicks?

[Rat Catcher]

  If you have the money to buy a house but the banks are fiddiling the market to drive up house prices which increase their book of assets increase their share price  Now they can borrow more money on the markets against their assetts and then they can afford to lend you more to buy your more expensive home .

... and the State (aka us) gets a better / less worser return when it liquidates it's equity.

[Rat Catcher]

"Can this be set off on an aggregate basis",,,asked the big farmer of Tom Parlon.

Losses can be carried forward against income from the same trade or offset against income from other sources in the year the loss is incurred hence the provisions are reasonably flexible.

[john m]

Think about it Bank loan you 100k @ 3.5 % .they are getting 3500 on it but if they can keep that 100K in circulation and we are all using card payments going into overdraft every now and then and paying bank fees they could be turning over 100%+PA on it .So higher return for less risk and they can use their own cash without borrowing on international markets .Banks going back to what they originally did charge you to use your own money in the belief that it is their money .You get your money paid by Mytaxi into your account then you pay off your bills with your money withdraw your money from the banks machines becasuse they have no over the counter service then at the end of the quarter they inform you of how much of your money you owe them for using your own money ..What fucked up the World Banking system was not enough people turning over cash instead buying one off big purchases .

  Look at what happens the world over .If there was an Earthquake in London the World Bank UN everybody would help because Brits have buying Power but if it happens in the Mountains of Nepal who gives a fuck .Catholics use to believe we were put here on earth to reproduce that is wrone People only exist to consume goods the only thingh that exists is commerce the power to buy and sell if you have nothing to sell or no money to buy then fuck you .

[The Liffey Lip]

Fuck economics and laws of commerce. An illiterate man once told me...never invest money in anything that eats or needs repainting. I was too busy reading "Economics for Dummies" to listen.

[Rat Catcher]

Less folk having nothing equates to more consumers, a necessity for consumerism to thrive... if only it were that simple!

[Shallowhal]

Economics for dummies?

If you can't afford it....don't buy it.

[The Liffey Lip]

Economics for dummies?

If you can't afford it....don't buy it.

No that's not economics...that's common sense..anyway...the banks didn't care you couldn't afford it...they told you you could. Compound interest is magic they say.

[Rat Catcher]

Maybe grown ups should know what they can and can't afford. The friendly building society manager told me I could borrow twice as much as I wanted.... on foot of nothing more than a chit signed by a taxi union boss. It's a crazy rock and roll wordeld so it is.

[john m]

  If you have the money to buy a house but the banks are fiddiling the market to drive up house prices which increase their book of assets increase their share price  Now they can borrow more money on the markets against their assetts and then they can afford to lend you more to buy your more expensive home .

... and the State (aka us) gets a better / less worser return when it liquidates it's equity.

A Win /Win for everybody looked at through the prysim allocated to us for looking as such things .Tommo down the Pub working for minimum coin left the gaff when the Ma and Pa dropped telling anybody that will listen how much his gaff has gone up since the funeral a few years ago without realizing that the Property Tax is value linked .I think the SOCIALISTS imposed a maximum payment of 4K per annum payable in House Hold Charge .Inflation and our kids will be paying that on a 3 bed semi detached in Ballyer and the Foxrock set will be pissing themselves laughing AGAIN

 

[Shallowhal]

So PTSB have joined the fray with not paying tax for 21yrs

Apparantly the accounting priciple is something they are obliged to comply with....of course it is cos it works in their favour!!

[Rat Catcher]

Could be the children of the Foxrock set buying the gaffs in Ballyer... Look, if O'Leary manipulated share prices for his and/or his shareholders' benefit Hippo would be telling us what a clever fellow he is... Govt do it and he's getting his knickers in a twist.

[Rat Catcher]

So PTSB have joined the fray with not paying tax for 21yrs

Apparantly the accounting priciple is something they are obliged to comply with....of course it is cos it works in their favour!!

One does have to claim loss relief... but it'd be silly not to... as it's auditors would no doubt report.

[john m]

Economics for dummies?

If you can't afford it....don't buy it.

  Not quite right .Economics is the application of theory any theory that fits the criteria required to allow you take a chance with the possibility of success possibly or possibly not depending on the result you seek .

EG .Dreadlock Spudhead TD wants to legalize drugs because its a good vibe and canaboids relieve pain .FG minister for more Misery and Medicine objectsas the Drugs Dont Work .Dreadlockspud Head TD organises a march through Neilstown gets covered by RTE .Economist from the Department of Money prepares a document that finds that costly pain killing medicines are under perscribed in areas with high drug use and draws the conclusion that the use of canabis saves money on prescribed drugs .Now the Economics of Cannabis comes into play .Do the government legalise it for medical use ?NO .Why if its for medical use it will be manufactured ny big Pharma and cost a fortune so The Economic logic is have lots of Discussions on TV with both sides putting forward their case .In reality what they aredoing is advertising the availability of canabis which you can buy on the streets out of your own money cheaply instead of hounding the doctor for an expensive prescription for pain killers .

 

[Shallowhal]

I was being facetious...but carry on with the lecture!!

We were down in Tipperary with the outlaws back in August,the missus had told her brother that i (Hal) don't borrow for anything..i'll save till we can afford it...he couldn't get over this.

[john m]

Hal look at all the homeless who didnt borrow enough .The big developers who borrowed billions are still in business .