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Suntan Sid
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PostPosted: 17:11 - 02 Feb 2018    Post subject: Reply with quote

mpd72 wrote:
I wonder how many actually did this and even if so, how it actually bit anyone in the arse?


No one knows. although many shouty types claimed they would be doing so, or was that just the usual, bullshit, bluster?
A cursory glance at any political debate on the web, indicates that the same people who made the claims are now somewhat worried about the possibility that Corbyn could become PM, arses well and truly bitten!

mpd72 wrote:
Corbyn hasn't been elected, he lost the general election, although you wouldn't know listening to some of the Corbynista socialists prattling on.


Yet you're talking about him!

mpd72 wrote:
Many still seem to think he's too extreme left to get enough votes to win in a real election, not a biased "survey".


Time will tell I guess, however it is up to the other political parties to up their game and counter his policies, simply moaning about them and deriding him will change nothing.
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Polarbear
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PostPosted: 17:25 - 02 Feb 2018    Post subject: Reply with quote

I think he has a good chance of getting in just because he says what most of the poorer people want to hear.

Big pay rises for public employees, more for the NHS and schools, free houses for everyone, ok, council houses for everyone Wink . Migrants welcome. Tax everyone through the nose who earns more than he thinks is acceptable.

There are a lot of people with nothing and he is offering is the pot at the end of the rainbow. What's not to like.
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ThoughtContro...
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PostPosted: 17:26 - 02 Feb 2018    Post subject: Reply with quote

chris-red wrote:
I can't think of any Left Wingers that have killed for a cause in the UK.

The only one in europe that springs to mind is the RAF in germany.


Red Brigade in Italy. See the kidnapping and killing of former PM Aldo Moro. Tarpley and Ganzer have claimed that the Red Brigade was infiltrated at a high level by agents or assets of NATO intelligence agencies, and that the kidnapping of Moro was suggested by Henry Kissinger as a part of the Operation Gladio Strategy of Tension. The Bologna bombing is alleged to be a part of the same operation.

The Angry Brigade sent Home Secretary Robert Carr a bomb which failed to go off. They also comically attempted to spray the Spanish Embassy with fire from a sub-machine gun in a drive by, in a show of solidarity with the Spanish First of May group. These are all the 1970s.

Various groups under the banner of the ALF fire bombed various premises linked with fur and meat production. According to the prosecution, when they arrested Keith Mann the police claimed he had a "death list" of various vivisectors and other related targets in the animal exploitation industry. This was about the time the hardcore inside the ARM had decided that non-violent direct action, such as fire bombing property was too soft, and that people of sufficient notoriety where also viable targets. This was all in the 1980s.
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Diggs
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PostPosted: 17:38 - 02 Feb 2018    Post subject: Reply with quote

...and don't forget those lovable Left Wing Krauts, the Baader-Meinhoff gang. Not to be confused with the Douglas Baader-Meinhoff gang, who were more the keyboard-warrior due to mobility issues.




I made that last bit up.
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The Shaggy D.A.
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PostPosted: 18:27 - 02 Feb 2018    Post subject: Reply with quote

Diggs wrote:
I made that last bit up.


It's on the interwebs now, so must be true.
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Suntan Sid
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PostPosted: 18:38 - 02 Feb 2018    Post subject: Reply with quote

mpd72 wrote:
It's a 2 horse race with the choice of two useless turds.


Well at least we can agree about something!
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M.C
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PostPosted: 20:49 - 02 Feb 2018    Post subject: Reply with quote

Diggs wrote:
bnp72 I fail to see your argument.

Last I checked he was still saying taffy van man mowed down those people by accident...

Polarbear wrote:
I think he has a good chance of getting in just because he says what most of the poorer people want to hear.

Big pay rises for public employees, more for the NHS and schools, free houses for everyone, ok, council houses for everyone Wink . Migrants welcome. Tax everyone through the nose who earns more than he thinks is acceptable.

There are a lot of people with nothing and he is offering is the pot at the end of the rainbow. What's not to like.

I'm not old enough to remember old Labour, was it really that bad, or are people just scared of him having had decades of Tories or New Labour?

I don't know if he's serious or not. Remember Clegg promising to scrap tuition fees as well? Assuming he is serious on delivering his policies, I would be worried, but having only lived under a Tory government (Thatcher/Major), New Labour and Tories again, both times being even poorer under the Tories I fear them more.

That's not to say I liked Blair (at all), I think he was a thoroughly corrupt individual.
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Polarbear
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PostPosted: 10:02 - 03 Feb 2018    Post subject: Reply with quote

^^^ The huge problem in those days was the shift from one government to another, from very left wing to very right wing. No stability at all.

Also Labour were soft touches for the (then) very powerful unions. We had strikes every other day (nearly), low production, 3 day weeks and it still didn't seem any better for the poor.

It's because of Labour that unions lost all their power. People were so fed up they backed Maggie when she went after the unions and because of that we now have all the bad things with employer power.

Someone somewhere has got to pay for everything except the Labour government it seems. They seem to have a money tree in their headquarters.

Edited to add...

Inflation was ludicrous. Interest rates were up to 15% at one time. Wage rises were in double figures and still didn't keep up with the cost of living.
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Diggs
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PostPosted: 10:31 - 03 Feb 2018    Post subject: Reply with quote

I remember when inflation hit 15%. I was in a meeting at the time with a woman who had savings in the building society and we had the radio on. She nearly wet her knickers with excitement, and I nearly cried as I had a big mortgage... It was a spike that lasted just the afternoon if I recall.

Imagine if that happened now - people would be bankrupt instantly and the economy would crash. Youngsters don't know they are born these days (I lived in a shoe-box on the M62 etc etc...).....
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Polarbear
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PostPosted: 10:40 - 03 Feb 2018    Post subject: Reply with quote

Diggs wrote:
I remember when inflation hit 15%. I was in a meeting at the time with a woman who had savings in the building society and we had the radio on. She nearly wet her knickers with excitement, and I nearly cried as I had a big mortgage... It was a spike that lasted just the afternoon if I recall.

Imagine if that happened now - people would be bankrupt instantly and the economy would crash. Youngsters don't know they are born these days (I lived in a shoe-box on the M62 etc etc...).....


It was all to do with with the European exchange rate mechanism we were part of. Interest rates hit 15% to try and keep the value of the pound within the guidelines. In the end we bailed, dropped the interest rates and devalued the £.
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Polarbear
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PostPosted: 11:43 - 03 Feb 2018    Post subject: Reply with quote

mpd72 wrote:
Diggs wrote:
I remember when inflation hit 15%. I was in a meeting at the time with a woman who had savings in the building society and we had the radio on. She nearly wet her knickers with excitement, and I nearly cried as I had a big mortgage... It was a spike that lasted just the afternoon if I recall.

Imagine if that happened now - people would be bankrupt instantly and the economy would crash. Youngsters don't know they are born these days (I lived in a shoe-box on the M62 etc etc...).....


How long was this period of crippling interest rates? I've herd of it, but must have been too young to know it was going on.

I'd not able able to cope with my mortgage at those sort of rates for more than a couple of months. It must have been scary stuff for those with mortgages.


The 15% only lasted a matter of hours, it just wasn't sustainable. However double figure interest rates were quite usual. Dredging my memory I would think that the average must have been 7 or 8%.
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Suntan Sid
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PostPosted: 15:44 - 03 Feb 2018    Post subject: Reply with quote

mpd72 wrote:
How long was this period of crippling interest rates? I've herd of it, but must have been too young to know it was going on.

I'd not able able to cope with my mortgage at those sort of rates for more than a couple of months. It must have been scary stuff for those with mortgages.


I took out my first mortgage in 1988.
Although the figure of 15% is oft quoted, that was merely the base rate and as we know lenders always added a bit on top. I can remember the actual repayments hitting 18% interest.
Having said that, this was in the days of real building societies, not the thinly disguised banks we have now, the savings rate was 10% which was a nice bonus on any money you had saved.
You also need to remember that, that was peak interest, the rate dropped every year, as did inflation, to a lesser degree, so if you were sensible and didn't buy into Maggie's credit bubble you had more disposable income year on year.
Obviously the downside was less interest on savings, a trend which has carried on until today, giving us the laughable rate we're stuck with now!
Another thing you need to take into account, there was far less property speculation, at the time you bought a house/flat to live in not to turn a quick profit!
So to answer your question, no it wasn't that scary, (assuming you'd known nothing else).
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M.C
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PostPosted: 16:10 - 03 Feb 2018    Post subject: Reply with quote

Polarbear wrote:
^^^ The huge problem in those days was the shift from one government to another, from very left wing to very right wing. No stability at all.

Also Labour were soft touches for the (then) very powerful unions. We had strikes every other day (nearly), low production, 3 day weeks and it still didn't seem any better for the poor.

It's because of Labour that unions lost all their power. People were so fed up they backed Maggie when she went after the unions and because of that we now have all the bad things with employer power.

Someone somewhere has got to pay for everything except the Labour government it seems. They seem to have a money tree in their headquarters.

Edited to add...

Inflation was ludicrous. Interest rates were up to 15% at one time. Wage rises were in double figures and still didn't keep up with the cost of living.

That's the impression I got, that Labour would spend on welfare etc., the Tories would then come in and undo that. Wasn't Ed Miliband becoming leader (partly) down to union support? That seemed to be the point they went in the wrong direction (in terms of electoral success), and then the almost joke nomination of Corbyn as leader.

Weren't interest rates also quite high under the Tories?

https://newsimg.bbc.co.uk/media/images/45356000/gif/_45356807_bank_rates_1951_09.gif

Personally (as a saver) I would have loved that Smile Before the financial crash you used to get interest rates of 6%, it was the lowering of interest rates then that stopped a lot of people from defaulting, and as they've left them on their arse (deliberately to fuel the housing market IMO) if we do have another recession [because Brexit] what's going to happen?
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Suntan Sid
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PostPosted: 18:18 - 03 Feb 2018    Post subject: Reply with quote

M.C wrote:
Weren't interest rates also quite high under the Tories?


According to tory monetarist policy, interest rates were controlled to keep inflation down!
I've no idea how that works, I'm not an economist, but that was how Maggie sold it to the public.
Back then the government set interest rates, that is now done, "independently" by the BOE, although how independent it is could be questioned.

At the moment interest rates can only go one way, which doesn't bode well for individuals or businesses who are in debt!
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Polarbear
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PostPosted: 19:19 - 03 Feb 2018    Post subject: Reply with quote

Yes, interest rates were high under the Tories as well.

The difference being, from what I remember and alluded to by Sid was that the interest rates seemed to be controlled by the Tories compared to the tail wagging the dog in Labours case.

Whether that was true or just good propaganda I have no idea. I'm sure they were all as bad as each other in reality.

In the end, as far as the man in the street is concerned, how he feels is what matters. I remember getting 10%+ pay rises each year which kept me happy but pensioners from what I remember suffered badly.

If interest rates rise to those levels now, ouch! It will make the last crash seem tame.
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Suntan Sid
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PostPosted: 20:06 - 03 Feb 2018    Post subject: Reply with quote

During the Thatcher years, the Tories used Monetarist policies in an attempt to control the economy!

Monetarism

Quote:

What is a 'Monetarist
A monetarist is an economist who holds the strong belief that the economy's performance is determined almost entirely by changes in the money supply. Monetarists postulate that the economic health of an economy can be best controlled by changes in the monetary supply, or money, by a governing body.

The key driver behind this belief is the impact of inflation on an economy's growth or health and the idea that by controlling the money supply one can control the inflation rate.

At its core, monetarism is an economic formula. It states that money supply multiplied by its velocity (the rate at which money changes hands in an economy) is equal to nominal expenditures in the economy (goods and services multiplied by price). While this makes sense, monetarists say velocity is generally stable, which is up for debate.

The most well-known monetarist is Milton Friedman, who wrote about his beliefs in the book "A Monetary History of The United States, 1867 - 1960." In the book he, along with Anna Schwartz, argued in favor of monetarism as a combat to the economic impacts of inflation. They argued that a lack of money supply was a cause of the Great Depression.

Monetarists v Gold Standard
Most monetarists opposed the gold standard in that the limited supply of gold would stall the amount of money in the system, which would lead to inflation, something monetarists believe should be controlled by the money supply, which is not possible under the gold standard unless gold is continually mined.

Monetarists view got further credibility when the gold standard collapsed in 1972. As unemployment and inflation soared, Keynesian economics, which was often contrasted to monetarism, was unable to explain the way out of the economic puzzle. On one hand Keynesian economics said high unemployment called for reflation - an increase in the money supply, and on the other hand, rising inflation called for a Keynesian disinflation strategy.

Other monetarists include former Federal Reserve Chairman, Alan Greenspan, and former U.K. Prime Minister, Margaret Thatcher.

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M.C
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PostPosted: 22:13 - 03 Feb 2018    Post subject: Reply with quote

Polarbear wrote:
In the end, as far as the man in the street is concerned, how he feels is what matters.

I guess that's what I don't really understand. I don't recall anyone bemoaning the 70s, actually the opposite. The 80s seems to depend on whether you were wealthy or poor, and Thatcher's credited with widening the gap between rich and poor.

So people of the 70s were you better or worse off in the 80s? Smile The 2000s seemed to be better than the 90s or now. Yeah house prices were high (before the crash) but rents weren't, and interest rates meant there was still a point in saving. Car insurance premiums hadn't exploded either. God I'm sounding like Itchy Razz
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doggone
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PostPosted: 23:26 - 03 Feb 2018    Post subject: Reply with quote

The 70s seemed dominated by power cuts and various extended strikes.
You hardly get that now apart from the last refuges of union power like railways and teachers.
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M.C
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PostPosted: 00:07 - 04 Feb 2018    Post subject: Reply with quote

doggone wrote:
The 70s seemed dominated by power cuts and various extended strikes.

I thought it was the winter of discontent that did Labour in. Come on old-timers we actually want to hear your stories Smile
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Polarbear
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PostPosted: 01:45 - 04 Feb 2018    Post subject: Reply with quote

What do i remember about then.....

Things that stick in my mind from 70's & 80's. Some might not even be correct but it is what I remember.

Well, I remember thinking Harold Wilson must be shagging Barbara Castle for such an incompetent woman to be in the cabinet. Shades of Corbyn and Abbott Laughing

I remember my mother telling me she bought our 14 room Victorian house in Weston-Super-Mare for about £3500 in the early seventies.

The boys at my school used to get the slipper until they were 11 then you got the cane. The girls only got the slipper. Oh for equality Laughing

As a kid, the only time I was allowed to use matches was to light candles when the electricity went off, which it did quite regularly.

I started work as an engineer Officer Cadet in 1973 on £36 a month and could buy a pint of beer for 11p (it was cheap bitter) a packet of fags was about 30p and I think fuel was I think about 40p a gallon. Oh yes, and I got a fuel ration book for my Yamaha YDS7 Laughing

Political bit.....

I remember Thatcher for the obvious reasons but I wasn't very politically minded. As long as I had enough money to enjoy myself I was happy. Things that stand out though.
The miners strike where she destroyed the union. I was totally anti Scargill at the time but everything he accused Thatcher of doing came true. She turned communities against communities. Destroyed the coal industry and turned the police into her own political army with a pretty free reign to break heads.
The Falklands war. She was the one with the guts to do anything about the invasion. When the task force was getting ready, Labour were all about compromise and not going to war. They complained when the sub sank the Belgrano because it 'wasn't doing anything provocative'. We all know what happened but if she hadn't gone to war and won it, she wouldn't have been re elected as her first term was pretty crap and we would have had completely a different 80's.
I remember the outcry when she used the royal 'We' as in 'We are not amused' Laughing
Then there was the poll tax that destroyed her. She became megalomaniacal in the end. An obvious example of power corrupts. I regret to say at start I was pro Thatcher but in hindsight she was a horrible person with vicious policies that ruined the life of thousands. I still cringe that she was given a state funeral. Hey ho, the witch is dead. Thumbs Up

It didn't help the the opposition at the time was Michael Foot who makes Corbyn seem quite sane and middle of the road. There was a huge outcry when he turned up at the Cenotaph on Remembrance Sunday in a scruffy dufflecoat.

I remember Enoch Powell and his 'Rivers of Blood' speech. Things would have been very different if he had become leader of the Tories.

And I voted to join the EU, To become part of a trading group of 12 nations. Funny how things change. Embarassed
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M.C
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PostPosted: 03:09 - 04 Feb 2018    Post subject: Reply with quote

Polarbear wrote:
I still cringe that she was given a state funeral. Hey ho, the witch is dead. Thumbs Up

I saw it as one final f**k you to the peasant folk. The fact that song (which the BBC wouldn't play Rolling Eyes) charted, and someone decapitated a statue of her showed public feeling.

Polarbear wrote:
I remember Enoch Powell and his 'Rivers of Blood' speech. Things would have been very different if he had become leader of the Tories.

Hmm I never realised it was that recent, I assumed it was around the time of Oswald Mosley, sorry old black and white footage looks like old black and white footage Embarassed

Polarbear wrote:
And I voted to join the EU, To become part of a trading group of 12 nations. Funny how things change. Embarassed

Well at least you realised your mistake Razz It's better than people who were anti-eu then (because it was fashionable) and are now pro-eu (again because it's fashionable).
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Kawasaki Jimbo
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PostPosted: 15:17 - 04 Feb 2018    Post subject: Reply with quote

Polarbear wrote:
And I voted to join the EU, Embarassed

I hadn't realised until this topic inspired me to read some more around the subject, but the 1975 referendum was about whether to stay in (the EEC). We had joined without a vote in 1973 when I was 11.

Quote:
1973
Britain Denmark and Ireland join the European Community
The three countries and Norway had failed to join 10 years earlier because of General de Gaulle's veto on British membership. This time all sign an accession treaty in 1972 but Norwegians reject it in a referendum later in the year. Denmark and Ireland hold successful referendums. The UK does not hold a referendum until 1975 after renegotiating its entry terms the result is two-to-one in favour.

https://news.bbc.co.uk/1/hi/world/europe/3583801.stm
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