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Everything posted by Martlet

  1. It is important for compliance with international law, and for the single market to operate that it polices its border. If it doesn't, why bother on the Eastern borders, freight from abroad? So the EU will have to insist Ireland imposes border checks and they really dont want to be seen to do that.
  2. Which is daft when they have released mintages for other coins. I wonder if the issue is there is many more sold than anticipated. Though, wasnt the trick to ask for the sales rather than mintages? A FoI request i saw made that distinction and its cited in the earlier information in this thread. Maybe too late, for next time.
  3. The definition i gave is missing something about control of use. TV is not a public good, you can control access (satellite) and is economical/profitable to operate. Policing is a public good because you couldn't realistically control access to only those paying, crime in the neighbourhood affects all, police presence affects all. Deodorant is not an economic benefit. State pensions probably aren't technically a public good, though not because its "fluffy" but i used it incorrectly. However society has decided to support them (through dozens of elections) and contribute to them.
  4. First, if i may ask you, do you believe in the rule of law, courts and police to enforce them? Though to answer, of course i would not condone killing individual who resisted state enforcement of law, and its an oddly extreme question, as is throwing "statist" around so loosely.
  5. Public good is an economics term for something provided to the benefit of all, that cannot be profitably provided. Adam Smith recognised and was in favour, good enough for me. You can chose to accept there was widespread call for pensions or not, the point is now we have it, it would be unfair to stop pension for those that already paid in, and only very few are going to ask for no provision themselves in the future. Perhaps you'll give your's to charity?
  6. This supposes that under state ownership there would be profit. In the UK the evidence of this is sparse (other countries do seem to do better there). We shouldn't get hung up on who catches the few % profit if they ponied up the investment, we can catch it if we wish and make much from overseas ourselves. The only question is why we look overseas for investment while overseas look here for investment. We could legislate on ownership but that would have negative affect on investment, state interference with markets.
  7. Because we decided a couple of generations ago that we didnt want to see old people destitute in the streets and socialise a small pension, as a public good. People have been paying into this for decade and so entitled their pension.
  8. Martlet

    2012 Gold sovereign X4

    1179 as I type https://www.thegoldbullion.co.uk/buy-flash-sale/2012-gold-sovereign-4-piece-bundle/ Should be in gold deals sub.
  9. Possibly. You can have the corporation sweat the assets though thats a short term advantage. What tends to happen is the corporation gets taken over by those with a long term view and they see the benefit of investment and long term return. I dont much care if that means foreign pensions, our local pensions get involved too (and abroad, its all a big cycle). Many hundreds of billions have been invested in UK infrastructure over the past couple of decades, so it seems to work. Yes we have to pay, but if we dont pay at point of use we'd pay through tax for similar investment. There is a viable alternatives, partnership or not-for profit structures, we seem to skip over such ideas in the ideological tug of war. End of day the state should concern itself with general policy, setting (light) rules and regulations to facilitate business, not get into the running of industry.
  10. Except that leads to public purse having to fund infrastructure and no motivation to improve, leading to lack of investment and poor efficiency . See public infrastructure upto the 1980s.
  11. So you advocate no state pension at all? Leave the population to fund their own private pensions for old age, for 20, 30, 40 years? It would be a brave policy.
  12. I assume that all those against this proposal are in favour of increasing taxes, thats the how we pay for state pension. This is kite flying anyway, the increase will not be as much, as soon. But is pension age will rise or else pensions become too small, or the alternative is higher tax.
  13. Good choice, both to go to dedicate domain and the name. It's up and running here, the old already showing some generic "nothing here" message. Might be an idea to put a redirect link there for a while?
  14. Anyone using FIAT for fiat currency is SHOUTING and should be treated with caution.
  15. That's accurate. The original concept was clever, if suspect, that a meter could be used to monitor and balance appliances, smooth load, reduce total consumption. Put the kettle on, turn the freezer off for a few minutes. On another level it could be potentially used to ration power. These functions need lots of smart appliances, legal and technical support to enforce. There was/is some EU law to commit to roll out, however that's been quietly shelved. We end up with a device that simply reports use to the billing company and on nearby device - nothing smart about that. They've kept with this expecting to reduce consumption, though they found after initial economising, people return to pre-meter use. we need to have the lights on, the fridge on, the TV on etc, the bill is the best method to economise for most people.
  16. Have to say this is thoroughly amusing, though probably undoing the PR effort from the half sov offer.
  17. What about 1/4oz Queens Beast? *runsaway* Seriously though, the sovereign is popular for the low premium and history, though imo the colour on modern ones isn't as appealing. For same premium the Britannia would be more popular than it is.
  18. Well i appreciate her effort to avoid the image problem flying to talk about saving the planet, but also amused by the idea the boat is zero impact. When i first read about this it was highlighted that the environmental cost of creating a new boat just for the trip is far greater than using existing transportation. This is the sort of thing that isnt accounted for in environmental debate, they look at the headline stuff. Hardline green aims will only be achieved if we roll back to pre-industrial age (and population), something they dont mention, or most of the time havent even realised.
  19. As i read it, there was a power outage somewhere out west, then a power spike that screwed up stuff on rail and London. Sounds like a bit of a cockup in the response to original problem.
  20. If you do add other coins (and you should), make them separate pages to keep that minimal, clean page.
  21. Florins from 1920 to 1946 are 50% silver. If you watch ebay carefully you might get around spot for a few, but people seem to collect them and push the prices up a fair bit. Though owing to the stronger alloy they dont wear so much and good ones are not too much. Pre-1920 they are .925 silver and lucky to get for +20% over spot unless heavily worn. I rather like the Edward VII design but so do many others and they get expensive quickly.
  22. As noted, the £ makes gold risky in the short term. A positive outcome of Brexit, from point of view of the market, could see pre-Brexit level in range 1.40-1.55. With a modest pull-back on gold, could be looking at £900. But then the short term upside is strong too, if bad brexit and gold continues to rise.
  23. Excellent, have been thinking of something similar for some time but little time. What was used for capturing the data? Also echo comments on minimal approach.
  24. XRP is one of the higher risk cryptos. Very large capitalisation built on expectation of high use and the company behind it is successful in operations. However their main operations and products do not use the XRP token, and if/when they do they can bring tokens out of reserve, or create new tokens ad-hoc. It is the anti-thesis of trustless, decentralised transactions, and one day the market may just see this and dump it like a stone. On other hand in the irrational world of crypto it may go on to maintain the illusion, it has done well so far and its better than a lot of other tokens. Its rather like shares (stock) in many tech companies, where there's little relation between future earning potential and the valuation.
  25. Direct Debit is instruction to allow a third party to take an amount from your account. This requires the third party to make the transaction, has fees and generally a business account operation. A standing order is an instruction to make payment to a third party, they dont need to take any action as it is initiated from the payers side. So seems quite realistic to do this with standing order, cancelling the order shortly after. It would not be possible with a direct debit. This is criminals exploiting a loophole intended to protect people.