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European Elections 2017
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Old 24-04-2017, 14:30   #31
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Re: European Elections 2017

Quote:
Originally Posted by Mick View Post
She is not racist. She just wants controlled borders and out of the corrupt EU. No worries, appears she has got help from outside of France and no, that does not mean Putin.
She has done a lot to get away from the toxic brand of her father. But many still label her racist/xenophobe/nazi as soon as she opens her mouth. Liberal progressives mostly, trying to stifle debate because it's not what they want, or want to hear, or what they think is best for us.

Ditto in the UK where any mention of UKIP is tantamount to declaring support for the BNP/EDL cretins in the liberals' eyes.
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Old 24-04-2017, 14:34   #32
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Re: European Elections 2017

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Originally Posted by Taf View Post
She has done a lot to get away from the toxic brand of her father. But many still label her racist/xenophobe/nazi as soon as she opens her mouth. Liberal progressives mostly, trying to stifle debate because it's not what they want, or want to hear, or what they think is best for us.

Ditto in the UK where any mention of UKIP is tantamount to declaring support for the BNP/EDL cretins in the liberals' eyes.
Unfortunately the Liberal luvvies have the biggest gobs and hate it if things don't go their way.
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Old 24-04-2017, 14:37   #33
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Re: European Elections 2017

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Originally Posted by Mick View Post
She is not racist. She just wants controlled borders and out of the corrupt EU. No worries, appears she has got help from outside of France and no, that does not mean Putin.
Weren't they Russian banks?

Quote:
Originally Posted by pip08456 View Post
So, a banker forms his own pro EU party and the banks won't back any opposition.

Which image is negative?
I am not sure about Macron's funding but the banks did also lend to other candidates. Just not Le Pen because they're the National Front. Also bankers are a pretty broad group, they don't all have a secret club they all join.

Quote:
Originally Posted by Taf View Post
She has done a lot to get away from the toxic brand of her father. But many still label her racist/xenophobe/nazi as soon as she opens her mouth. Liberal progressives mostly, trying to stifle debate because it's not what they want, or want to hear, or what they think is best for us.

Ditto in the UK where any mention of UKIP is tantamount to declaring support for the BNP/EDL cretins in the liberals' eyes.
Well also because it's the same party. Don't quite buy it's radically changed because the leader changed from the father to the daughter. She has moderated her tone but many will remain wary. I don't think if the BNP did the same people would trust them.

Also UKIP is not analogous to the NF. UKIP are more moderate.
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Old 24-04-2017, 14:45   #34
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Re: European Elections 2017

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Originally Posted by Damien View Post
Also UKIP is not analogous to the NF. UKIP are more moderate.
They were tarred with the same brush initially though.
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Old 24-04-2017, 14:55   #35
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Re: European Elections 2017

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Originally Posted by Damien View Post
Weren't they Russian banks?
Indeed, from Russia with love as they say.
https://www.thesun.co.uk/news/322933...r-own-account/
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Old 24-04-2017, 15:08   #36
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Re: European Elections 2017

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Originally Posted by 1andrew1 View Post
Indeed, from Russia with love as they say.
https://www.thesun.co.uk/news/322933...r-own-account/
Consider this, there's a political party which aims to upset the establishment elite.

They apply for funds from the banks (establishment elite) and find they can't get them.

Where do you expect them to go?

Wake up Andrew. Russian money is being invested throughout the world.
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Old 24-04-2017, 15:14   #37
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Re: European Elections 2017

Yeah but Russia isn't helping the NF because it will make France a better country, it's no coincidence she is anti-NATO.
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Old 24-04-2017, 15:18   #38
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Re: European Elections 2017

How much Russian money funds projects in the UK?
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Old 24-04-2017, 15:29   #39
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Re: European Elections 2017

Quote:
Originally Posted by pip08456 View Post
Consider this, there's a political party which aims to upset the establishment elite.

They apply for funds from the banks (establishment elite) and find they can't get them.

Where do you expect them to go?

Wake up Andrew. Russian money is being invested throughout the world.
Why do I need to wake up? I just posted a link that supported Damien's statement concerning Russian funding.
Commercial banks are concerned with two things when they lend money:
1) Financial risk - will they get it back? (If they don't it reduces their profits.)
2) Reputational risk - will the bank's reputation be damaged (which could result in a loss of business from other customers and therefore a reduction in profits.)
Similarly, a political party that borrows from a bank based in a country like Russia needs to think about the reputational damage caused to the party by such a loan.
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Old 24-04-2017, 15:44   #40
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Re: European Elections 2017

Quote:
Originally Posted by 1andrew1 View Post
Why do I need to wake up? I just posted a link that supported Damien's statement concerning Russian funding.
Commercial banks are concerned with two things when they lend money:
1) Financial risk - will they get it back? (If they don't it reduces their profits.)
2) Reputational risk - will the bank's reputation be damaged (which could result in a loss of business from other customers and therefore a reduction in profits.)
Similarly, a political party that borrows from a bank based in a country like Russia needs to think about the reputational damage caused to the party by such a loan.
1) More than likely as NT recieved £5m from elsewhere (not Russia).

2) Reputational risk was lost a few years ago leading to Countries throught the western world having to suffer from austerity programs from their respective Governments. Think for a minute, where did the money go? It didn't disappear, it ended up in someone's pocket.

Russia perhaps?

Last edited by pip08456; 24-04-2017 at 15:47. Reason: End comment
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Old 24-04-2017, 15:59   #41
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Re: European Elections 2017

Quote:
Originally Posted by pip08456 View Post
1) More than likely as NT recieved £5m from elsewhere (not Russia).

2) Reputational risk was lost a few years ago leading to Countries throught the western world having to suffer from austerity programs from their respective Governments. Think for a minute, where did the money go? It didn't disappear, it ended up in someone's pocket.

Russia perhaps?
What money went where? Governments were faced with less tax revenue as a result of the global financial crisis so reduced expenditure accordingly. In the case of the UK, the Government sought to reduce borrowings by reducing spending as well.
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Old 24-04-2017, 16:31   #42
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Re: European Elections 2017

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Originally Posted by 1andrew1 View Post
What money went where? Governments were faced with less tax revenue as a result of the global financial crisis so reduced expenditure accordingly. In the case of the UK, the Government sought to reduce borrowings by reducing spending as well.
Are you for real???

Why did the Government need to spend Billions bailing out banks?

The banks had the money, invested it in dodgy deals and lost it. The money existed to begin with so where's it gone?

Because of the bailouts the Government then had to reduce spending as it no longer had the money as they'd spent it.

Whichever way you look at it someone ended up with the money.
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Old 24-04-2017, 16:45   #43
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Re: European Elections 2017

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Originally Posted by pip08456 View Post
Are you for real???

Why did the Government need to spend Billions bailing out banks?

The banks had the money, invested it in dodgy deals and lost it. The money existed to begin with so where's it gone?

Because of the bailouts the Government then had to reduce spending as it no longer had the money as they'd spent it.

Whichever way you look at it someone ended up with the money.
The money didn't exist in the first place. A lot of it were mortgages that weren't worth that they were labeled as being worth. Money can disappear if the value of something declines, it's not all backed by hard currency.
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Old 24-04-2017, 17:38   #44
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Re: European Elections 2017

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Originally Posted by pip08456 View Post
Are you for real???

Why did the Government need to spend Billions bailing out banks?

The banks had the money, invested it in dodgy deals and lost it. The money existed to begin with so where's it gone?

Because of the bailouts the Government then had to reduce spending as it no longer had the money as they'd spent it.

Whichever way you look at it someone ended up with the money.
Charming!
Banks lend more money than they have deposits for. They depend on people not asking for it back at the same time, otherwise the bank collapses. They lend a multiple of their deposits.
Where did the money go? Partly the US housing crash. People in the US were persuaded to buy houses they couldn't afford to buy. They couldn't keep up the repayments and those houses were repossessed and sold for a fraction of what they bought them for or left to decay.
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Old 24-04-2017, 17:42   #45
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Re: European Elections 2017

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Originally Posted by Damien View Post
The money didn't exist in the first place. A lot of it were mortgages that weren't worth that they were labeled as being worth. Money can disappear if the value of something declines, it's not all backed by hard currency.
So the money never existed but the Government propped up the banks because they'd lost the money that never existed anyway.

You on cookooland Damien?

Consider this. I have a property you want to buy so you get a mortgage for it, contracts are exchanged and I am paid by whoever you organised the mortgage with.

Just because you don't see the money doesn't mean it doesn't exist.

Money cannot "disappear" it may become less valuable but it still exists somewhere.

Like it or not, someone somewhere made billions out of the sub prime market and stitched up the banks. We have had to pay for it though as usual.
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