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Impact of FTSE falling 30%

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    Impact of FTSE falling 30%

    The impact of FTSE falling 30% for normal people will be...? Surely pension funds will be in huge difficulty unless there's a big recovery before Christmas. After the dotcom bubble burst do you remember how many pension schemes were messed up and people got rid of final salary pension schemes? How they had to get people to contribute more to their occupational pensions? How many people's personal pension funds were absolutely hammered?

    All markets falling 30% means 30% less money in personal pension funds also. If you were approaching retirement and not mostly in cash then this could mean a few more years of work.

    The media of course are not talking about the impact of this. Nor are they even describing any of this as a "CRASH" which it clearly is.

    #2
    ... and what about the impact of Gordon Brown taking over 100 Billion out of those funds since 1997 !! Stock markets have always risen and fallen. They will recover in due course as liquidity improves, especially if interest rates are cut dramatically to boost the economy..... today's cut was not enough.

    Comment


      #3
      that's £100bn theft, yet how willingly do they find money to help out the banks

      Comment


        #4
        Originally posted by contractor79 View Post
        that's £100bn theft, yet how willingly do they find money to help out the banks
        Dude have you not watched George Carlin (or Bill Hicks) on youtube? The rich are always stealing from the poor, to get more riches. Its what Bush's precidency was all about - have a look at which companies benefited from lucrative Iraqi oil contracts and who owns those companies.

        Its the same in the UK. You think you live in a democracy and have freedom and choice and rights? Its an illusion. You have non of those things, you just think you do because you are keeping the machinery and system going that makes the rich richer, so they let you continue in the illusion that you can do anything you want. Yet we all continue to go to work, pay our taxes, and complain about being ripped off. Try actually doing something about it and see how much freedom you really have.

        The world is a big place. If you don't like it, surely you can just leave and go somewhere else?

        Comment


          #5
          Originally posted by Stan.goodvibes View Post
          Dude have you not watched George Carlin (or Bill Hicks) on youtube? The rich are always stealing from the poor, to get more riches. Its what Bush's precidency was all about - have a look at which companies benefited from lucrative Iraqi oil contracts and who owns those companies.

          Its the same in the UK. You think you live in a democracy and have freedom and choice and rights? Its an illusion. You have non of those things, you just think you do because you are keeping the machinery and system going that makes the rich richer, so they let you continue in the illusion that you can do anything you want. Yet we all continue to go to work, pay our taxes, and complain about being ripped off. Try actually doing something about it and see how much freedom you really have.

          The world is a big place. If you don't like it, surely you can just leave and go somewhere else?
          lefties have no answers, they'd just give all the power and money to politiicans i.e. them

          Comment


            #6
            Originally posted by contractor79 View Post
            lefties have no answers, they'd just give all the power and money to politiicans i.e. them
            Quite the political philsospher today, aren't we?

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              #7
              tis funny how they blame all this on Bush and the Republicans, yet don't blame Brown, Blair and the union-backed NewLabour

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                #8
                Originally posted by Stan.goodvibes View Post
                .. The world is a big place. If you don't like it, surely you can just leave and go somewhere else?
                I wouldn't mind, but think how much a trip to Mars would cost!
                Work in the public sector? Read the IR35 FAQ here

                Comment


                  #9
                  Originally posted by Stan.goodvibes View Post
                  Dude have you not watched George Carlin (or Bill Hicks) on youtube? The rich are always stealing from the poor, to get more riches. Its what Bush's precidency was all about - have a look at which companies benefited from lucrative Iraqi oil contracts and who owns those companies.

                  Its the same in the UK. You think you live in a democracy and have freedom and choice and rights? Its an illusion. You have non of those things, you just think you do because you are keeping the machinery and system going that makes the rich richer, so they let you continue in the illusion that you can do anything you want. Yet we all continue to go to work, pay our taxes, and complain about being ripped off. Try actually doing something about it and see how much freedom you really have.

                  The world is a big place. If you don't like it, surely you can just leave and go somewhere else?
                  Bill Hicks must be spinning in his grave.

                  Comment


                    #10
                    Originally posted by contractor79 View Post
                    tis funny how they blame all this on Bush and the Republicans, yet don't blame Brown, Blair and the union-backed NewLabour
                    New Labour are the heirs of Thatcher and Reagan (as was Clinton). They've not challenged the hegemony of the bankers, and have led us to the ultimate conclusion of the reforms of the 1980s. They just spent more money on the public sector to keep the unions at bay. We've ended up like the US - a country with two right wings.

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