Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:00 am
Oooft. Kwasi might actually not last as long as Zahawi!
NPR
A place where escape goats go to play
https://www.notplanetrugby.com/
Stop voting for fucking Tories
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Oooft. Kwasi might actually not last as long as Zahawi!
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:08 am
What a bunch of fucking amateurs.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:42 am
So the BoE is going to prove there isn't any cyanide in the dog food, by eating loads of it ?
But at the same time, there still going to go ahead with the plan to sell £80B worth of this same debt, in the hope nobody does the sums ??
But at the same time, there still going to go ahead with the plan to sell £80B worth of this same debt, in the hope nobody does the sums ??
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:46 am
So qualified how could he be so uselesscharltom wrote: Tue Sep 20, 2022 8:26 amFTFY.
It's amazing how bias can cause people to invent things. Have a quick read of this. He hasn't won all those prizes and scholarships, nor gained Firsts and a doctorate, for nothing:
Kwarteng was born in the London Borough of Waltham Forest, the only child[3] of Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from Ghana as students in the 1960s.[4][5] His mother is a barrister[6] and his father an economist in the Commonwealth Secretariat.[5][7]
After starting school at a state primary school, Kwarteng attended Colet Court, an independent preparatory school in London, where he won the Harrow History Prize in 1988.[8] Kwarteng then went to Eton College, where he was a King's Scholar and was awarded the prestigious Newcastle Scholarship prize. He read classics and history at Trinity College, Cambridge, achieving a first in both subjects and twice winning the Browne Medal. He was a member of the team which won University Challenge in 1995 (in the first series after the programme was revived by the BBC in 1994).[5][10] Whilst at Cambridge, he was a member of the University Pitt Club, and has since returned to visit.[11] He attended Harvard University on a Kennedy Scholarship, and then earned a PhD in economic history from the University of Cambridge in 2000.[12]
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:52 am
I think you have to question how "seriously bright" anyone who crashes an economy in 3 days really actually is.petej wrote: Wed Sep 28, 2022 11:46 amSo qualified how could he be so uselesscharltom wrote: Tue Sep 20, 2022 8:26 amFTFY.SaintK wrote: Tue Sep 20, 2022 7:33 am
Yet another extremely well qualified Old Etonian, promoted because he's known by the PM to be seriously bright.
It's amazing how bias can cause people to invent things. Have a quick read of this. He hasn't won all those prizes and scholarships, nor gained Firsts and a doctorate, for nothing:
Kwarteng was born in the London Borough of Waltham Forest, the only child[3] of Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from Ghana as students in the 1960s.[4][5] His mother is a barrister[6] and his father an economist in the Commonwealth Secretariat.[5][7]
After starting school at a state primary school, Kwarteng attended Colet Court, an independent preparatory school in London, where he won the Harrow History Prize in 1988.[8] Kwarteng then went to Eton College, where he was a King's Scholar and was awarded the prestigious Newcastle Scholarship prize. He read classics and history at Trinity College, Cambridge, achieving a first in both subjects and twice winning the Browne Medal. He was a member of the team which won University Challenge in 1995 (in the first series after the programme was revived by the BBC in 1994).[5][10] Whilst at Cambridge, he was a member of the University Pitt Club, and has since returned to visit.[11] He attended Harvard University on a Kennedy Scholarship, and then earned a PhD in economic history from the University of Cambridge in 2000.[12]
Crying b b b b but he won Eton's prestigious Newcastle prize as your house is repossessed.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:57 am
The pound is in free fall again despite the BOE intervention.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 11:58 am
I have come across many 'intellectual idiots' in my work career, experts in a chosen narrow field, could pass University exams but couldn't tie their own shoe laces without their Mum's help and needed Dad to change a plug. Lets not get fooled by the CV and look at their job performance.I like neeps wrote: Wed Sep 28, 2022 11:52 amI think you have to question how "seriously bright" anyone who crashes an economy in 3 days really actually is.petej wrote: Wed Sep 28, 2022 11:46 amSo qualified how could he be so uselesscharltom wrote: Tue Sep 20, 2022 8:26 am
FTFY.
It's amazing how bias can cause people to invent things. Have a quick read of this. He hasn't won all those prizes and scholarships, nor gained Firsts and a doctorate, for nothing:
Kwarteng was born in the London Borough of Waltham Forest, the only child[3] of Alfred K. Kwarteng and Charlotte Boaitey-Kwarteng, who had emigrated from Ghana as students in the 1960s.[4][5] His mother is a barrister[6] and his father an economist in the Commonwealth Secretariat.[5][7]
After starting school at a state primary school, Kwarteng attended Colet Court, an independent preparatory school in London, where he won the Harrow History Prize in 1988.[8] Kwarteng then went to Eton College, where he was a King's Scholar and was awarded the prestigious Newcastle Scholarship prize. He read classics and history at Trinity College, Cambridge, achieving a first in both subjects and twice winning the Browne Medal. He was a member of the team which won University Challenge in 1995 (in the first series after the programme was revived by the BBC in 1994).[5][10] Whilst at Cambridge, he was a member of the University Pitt Club, and has since returned to visit.[11] He attended Harvard University on a Kennedy Scholarship, and then earned a PhD in economic history from the University of Cambridge in 2000.[12]
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:02 pm
Classics and history, then post grad in economic history, Is seriously fucking underpowered for a G20 finance minister, especially one who immediately sacked his top civil servant advisor, then tried something extremely ambitious.
It's hard to be harsh on people who are impressed by all the big name universities and impressive sounding courses though, people like KamiKhazi do all that stuff for the social capital. Anyone who has actually been through a unit of economic history, knows this guy is way out of his fucking depth.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:11 pm
A friend used to work at British Telecom's Martlesham labs. He once said 'we have people here so bright that they have to be helped to the door' :)dpedin wrote: Wed Sep 28, 2022 11:58 amI have come across many 'intellectual idiots' in my work career, experts in a chosen narrow field, could pass University exams but couldn't tie their own shoe laces without their Mum's help and needed Dad to change a plug. Lets not get fooled by the CV and look at their job performance.I like neeps wrote: Wed Sep 28, 2022 11:52 amI think you have to question how "seriously bright" anyone who crashes an economy in 3 days really actually is.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:13 pm
Sh*t has really hit the fan now.
We have the IMF taking action not seen since Callahan in 1976 and now the BofE has pressed the panic button:
"emergency action to prop up the UK government bond market, reversing plans to sell gilts and, instead, buying long-dated debt. Were this market to continue or worsen, there would be a material risk to UK financial stability”.
We have the IMF taking action not seen since Callahan in 1976 and now the BofE has pressed the panic button:
"emergency action to prop up the UK government bond market, reversing plans to sell gilts and, instead, buying long-dated debt. Were this market to continue or worsen, there would be a material risk to UK financial stability”.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:18 pm
This the moment when you need someone of impartiality, wise experience and expertise in money matters. Anyone heard Bimbo’s views yet?
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:21 pm
Hey. When Truss goes, Coffey is PMPCPhil wrote: Wed Sep 28, 2022 12:18 pm This the moment when you need someone of impartiality, wise experience and expertise in money matters. Anyone heard Bimbo’s views yet?
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:28 pm
"Not proper Conservatives."PCPhil wrote: Wed Sep 28, 2022 12:18 pm This the moment when you need someone of impartiality, wise experience and expertise in money matters. Anyone heard Bimbo’s views yet?
I also like how we're finished blaming the last Labour Government for everything and have moved to blaming one that hasn't even won the next election.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:30 pm
This is the doing of Remainers in the City who hate that poor Jacob Ree-Mogg, apparently.
This is the position taken by a guy who shorted the pound and made a million and a half for himself and a good few bob for his hedge fund - he can't possibly be blamed for this as he was grouse shooting in Scotland on Friday.
This is the position taken by a guy who shorted the pound and made a million and a half for himself and a good few bob for his hedge fund - he can't possibly be blamed for this as he was grouse shooting in Scotland on Friday.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:41 pm
Tweet author is Political Correspondent with Sky News
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 12:43 pm
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 1:06 pm
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 1:08 pm
The same man who has made literally hundreds of millions shorting the pound is saying unpatriotic remainers are shorting the pound.Tichtheid wrote: Wed Sep 28, 2022 12:30 pm This is the doing of Remainers in the City who hate that poor Jacob Ree-Mogg, apparently.
This is the position taken by a guy who shorted the pound and made a million and a half for himself and a good few bob for his hedge fund - he can't possibly be blamed for this as he was grouse shooting in Scotland on Friday.
Occam's razor suggests Odey is a remainer in brexiteer clothing.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 1:16 pm
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 1:26 pm
This is actually a genius move by the treasury !
1) They are buying all that old money with QE II's head on it, which is now a worth much, much more than face value, because they won't make any more of it.
&
2) When they start issuing the new, KC III notes, they can issue it in more useful denominations.
You'll be able to go into your fancy Coffee shop, & peel off a few, billion pound notes to pay for your Latte, & know you've really arrived !
1) They are buying all that old money with QE II's head on it, which is now a worth much, much more than face value, because they won't make any more of it.
&
2) When they start issuing the new, KC III notes, they can issue it in more useful denominations.
You'll be able to go into your fancy Coffee shop, & peel off a few, billion pound notes to pay for your Latte, & know you've really arrived !
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 1:44 pm
We are too busy sobbing into our QE2 teacloths and tugging our forelocksEnergiseR2 wrote: Wed Sep 28, 2022 1:41 pm The shorting by Odey and then blaming remainers is actually disgusting stuff. Like so many times since Brexit I just can't believe the brazeness of it all. How in fucks name there hasn't been riots in the streets is probably worse
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:14 pm
It's unpatriotic and you're leftie commie Britain hating cuck if you don't support a man who does believe in Britain getting very rich from making bets against Britain at every opportunity.EnergiseR2 wrote: Wed Sep 28, 2022 1:46 pmYou HATE your country if you don't support Odey getting richer HATE ITyermum wrote: Wed Sep 28, 2022 1:44 pmWe are too busy sobbing into our QE2 teacloths and tugging our forelocksEnergiseR2 wrote: Wed Sep 28, 2022 1:41 pm The shorting by Odey and then blaming remainers is actually disgusting stuff. Like so many times since Brexit I just can't believe the brazeness of it all. How in fucks name there hasn't been riots in the streets is probably worse
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:31 pm
fishfoodie wrote: Wed Sep 28, 2022 1:26 pm This is actually a genius move by the treasury !
1) They are buying all that old money with QE II's head on it, which is now a worth much, much more than face value, because they won't make any more of it.
&
2) When they start issuing the new, KC III notes, they can issue it in more useful denominations.
You'll be able to go into your fancy Coffee shop, & peel off a few, billion pound notes to pay for your Latte, & know you've really arrived !
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:36 pm
After creating policies that screw the young the Tories thought they'd do their bit for intergenerational fairness and screw the oldies too. Fair play Liz, fair play.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:36 pm
.............and still the PM and Chancellor are in hiding. I wonder why?
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:49 pm
All FS schemes are underpinned by Gilts. They are all running with huge deficits already. Plummeting Gilt values would already have seen them all breaching their solvency requirements.I like neeps wrote: Wed Sep 28, 2022 2:36 pm
After creating policies that screw the young the Tories thought they'd do their bit for intergenerational fairness and screw the oldies too. Fair play Liz, fair play.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:50 pm
Looks like it was stemmed using reserves to buy 30 year UK bonds, but the UK reserve isn't large (£200bn?). So my question is, if there's no u-turn and the two morons continue hiding. Then how long can the BoE continue using their reserves to buy 30 year UK bonds (I have no clue how big the market is they're trying to hold up), they plan to keep going into October, but if the two morons are still hammering away can they keep going until deep into 2024 when there's an election? They could just get printing maybe, but more QE will boost inflation.I like neeps wrote: Wed Sep 28, 2022 2:36 pm
After creating policies that screw the young the Tories thought they'd do their bit for intergenerational fairness and screw the oldies too. Fair play Liz, fair play.
Seems a bit like putting a finger in the dyke and hoping something comes along (Kamikhazi 's removal and a climb down)?
So that's the £, housing market, SME loans, and pensions ... all gambled on tax cuts slanted towards the ultra wealthy who already weren't heavily taxed at all, will produce growth to close the deficit they've blown open and will then reduce borrowing.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 2:59 pm
(continues..."kind of savage devaluation was always going to wreak havoc."
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 3:34 pm
The old "call Zelensky, ask for a nice tweet and insha'Allah" crisis response.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 3:37 pm
Yeah, lets talk to Ukraine buit skulk and hide from the UK electorate and press.I like neeps wrote: Wed Sep 28, 2022 3:34 pm
The old "call Zelensky, ask for a nice tweet and insha'Allah" crisis response.
Fucking cowards.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 3:41 pm
Spot on. A point I've just made in a circular. Printing money to swallow up the Tories debt mountain was an easy-ish ride whilst inflation/interest rates were low. And even then the BofE had started unwinding its position a few months back because 14 years of Banana Republic economics had to come to an end._Os_ wrote: Wed Sep 28, 2022 2:50 pmLooks like it was stemmed using reserves to buy 30 year UK bonds, but the UK reserve isn't large (£200bn?). So my question is, if there's no u-turn and the two morons continue hiding. Then how long can the BoE continue using their reserves to buy 30 year UK bonds (I have no clue how big the market is they're trying to hold up), they plan to keep going into October, but if the two morons are still hammering away can they keep going until deep into 2024 when there's an election? They could just get printing maybe, but more QE will boost inflation.I like neeps wrote: Wed Sep 28, 2022 2:36 pm
After creating policies that screw the young the Tories thought they'd do their bit for intergenerational fairness and screw the oldies too. Fair play Liz, fair play.
Seems a bit like putting a finger in the dyke and hoping something comes along (Kamikhazi 's removal and a climb down)?
So that's the £, housing market, SME loans, and pensions ... all gambled on tax cuts slanted towards the ultra wealthy who already weren't heavily taxed at all, will produce growth to close the deficit they've blown open and will then reduce borrowing.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 3:47 pm
From the FT
https://www.ft.com/content/a46e53bb-e23 ... f71d2e57ef
One former cabinet minister told the Financial Times: “I think (Kwarteng)’s dead but in the Tory party death can take many forms. It can take a long time. There’s a political vacuum.”
Another Tory MP, a member of the government, said: “Liz has a pretty quick choice to make: either she bullets her chancellor and changes course or she could lose her premiership within a month.
“She will struggle to get any legislation through parliament unless she changes course because we won’t vote for it. We won’t ever get to vote on this package because the markets will destroy it first.”
Truss has something in common with Johnson, when it hits the fan, she is nowhere to be seen
https://www.ft.com/content/a46e53bb-e23 ... f71d2e57ef
One former cabinet minister told the Financial Times: “I think (Kwarteng)’s dead but in the Tory party death can take many forms. It can take a long time. There’s a political vacuum.”
Another Tory MP, a member of the government, said: “Liz has a pretty quick choice to make: either she bullets her chancellor and changes course or she could lose her premiership within a month.
“She will struggle to get any legislation through parliament unless she changes course because we won’t vote for it. We won’t ever get to vote on this package because the markets will destroy it first.”
Truss has something in common with Johnson, when it hits the fan, she is nowhere to be seen
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 4:16 pm
Holy shit! It's not our fault it's Putin's
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 4:38 pm
Tory MPs are partly responsible. If they make clear in significant number they aren't voting for these tax cuts publicly then Truss and Kwarteng cannot continue with them and will refine the policies.Tichtheid wrote: Wed Sep 28, 2022 3:47 pm From the FT
https://www.ft.com/content/a46e53bb-e23 ... f71d2e57ef
One former cabinet minister told the Financial Times: “I think (Kwarteng)’s dead but in the Tory party death can take many forms. It can take a long time. There’s a political vacuum.”
Another Tory MP, a member of the government, said: “Liz has a pretty quick choice to make: either she bullets her chancellor and changes course or she could lose her premiership within a month.
“She will struggle to get any legislation through parliament unless she changes course because we won’t vote for it. We won’t ever get to vote on this package because the markets will destroy it first.”
Truss has something in common with Johnson, when it hits the fan, she is nowhere to be seen
Interesting if anyone listens to eggchasers Phil's brother is the only Tory MP who has said that they are following the wrong policy.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 4:41 pm
Labour literally could not write a better campaign slogan than the Tories are cutting public services to pay for tax rises for the 1%. Keir Starmer must be a puddle.of excitement right now.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 4:57 pm
Well if they want to make cuts in Whitehall, Dizzy Lizzie could lead the way by reducing the number of MPs in the Government, but she promised ~150 of them places, to guarantee their support in the Leadership !!
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 5:25 pm
Well if ever there was a time to sell everything, leave your job and get a camper van and a drone..and create a van life YouTube channel..nows the time folks.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 5:29 pm
I think we can safely say 'project fear' was understated by some margin.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 5:41 pm
To be fair; if you'd suggest half of what's happened in the last week, you'd probably have been sectioned.Insane_Homer wrote: Wed Sep 28, 2022 5:29 pm I think we can safely say 'project fear' was understated by some margin.
Re: Stop voting for fucking Tories
Posted: Wed Sep 28, 2022 6:43 pm
Aside from maybe the pensions margin call....the Tory MPs favoured leadership candidate Rishi Sunak did suggest this would happen...fishfoodie wrote: Wed Sep 28, 2022 5:41 pmTo be fair; if you'd suggest half of what's happened in the last week, you'd probably have been sectioned.Insane_Homer wrote: Wed Sep 28, 2022 5:29 pm I think we can safely say 'project fear' was understated by some margin.