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Pipers

Recommended reading for everyone on this forum

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1 hour ago, ApisMellifera said:

I had to get the real book in my hands and found a nice old 2nd hand hardcover. I really like the name of the publisher, Common Sense Press :)

 

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I am glad you got some value out it, it is still one of the most accessible books I have found for explaining some of the basic economic ideas. I am sure there are some Keynesian versions of those ideas but they don't sit too well with me, I much prefer the more logical Austrian school ideas which this book demonstrates very well.  Well done on finding a physical copy. :)

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I hope he's wrong about the welfare states, can you imagine the reaction, IMO it will cause riots.  People pay Taxes and in the UK NI for a reason if the Government has wasted the money (we on here know they have) and there is not enough to pay for Pensions etc. Why then pay NI or TAX the contract has been broken. It would be like a person putting away 12% of earnings in a room (Gold) taking some out for health (6%) then at the end of  50 years going to the room and finding there was nothing there. How would you feel, now think if it happened to everyone at the same time!

  

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@Pipers, you are being naive. The national insurance system in the UK is nothing more than a ponzi scheme. All of the money collected is spent to pay current pension and other liabilities. There is nothing in the 'room' at all and never was - it is all spent. The same applies to public sector pension schemes: some of them have a little funding, but not much. It is a huge additional off-balance sheet liability, amounting to approximately 1 trillion pounds, on top of the 1.5 trillion national debt. You cannot count on the government to pay you a pension. You will need to provide yourself with savings and investments for that purpose, and then the government will try to confiscate those savings to bail itself out of its debt. There is no win in this situation. Sorry to sound so downbeat, but there is no way this ends well.

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15 minutes ago, Cointreau said:

Sweden wants to go cashless. Why else would they shut down this PM dealer?

http://www.silverdoctors.com/gold/gold-news/sweden-gold-and-silver-dealer-shut-down-banking-system/

The bank said it was a general business decision.  I know that it the UK some customers got letters like this.  Once the bank makes up its mind there is no negotiation.  There is no address to contact, the telephone number they give goes straight to an answerphone.  All I would say here is that the banksters get to play the role of a villain, but they don't like it (whether guilty or not) when customers act in a way they deem suspicious. 

Poor show in this case, like the Boris decision, unlikely we will find out the real reason for some of these freaky incidents.

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