General Election 2019 (UK)

Betfair trading & Punting on politics. Be aware there is a lot of off topic discussion in this group centred on Political views.
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Archery1969
Posts: 3217
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Location: Newport

Didn’t Gordon sell the family gold ?
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Archery1969 wrote:
Fri Dec 06, 2019 6:46 pm
Didn’t Gordon sell the family gold ?
And invested the proceeds into currencies like the Yen, Dollar etc so our reserves were more diversified and not subject to the voltatility of gold. You'll find many countries were doing similar and they didn't have crystal balls to predict any gold price rises either.
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ShaunWhite
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Archery1969 wrote:
Fri Dec 06, 2019 6:46 pm
Didn’t Gordon sell the family gold ?

To allow a fair comparison, how much potential profit was lost vs the assets it was converted into, and how much profit have the privatised industries made since the 80s which should have gone to the exchequer?
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Euler
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Location: Bet Angel HQ

Economist

Nightmare before Christmas

https://www.economist.com/leaders/2019/ ... -christmas
dragontrades
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Joined: Wed Oct 19, 2016 11:22 pm

Expect a big market move from this. Our lord has spoken.
https://twitter.com/LordBuckethead/stat ... 0709616640
Archery1969
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Location: Newport

ShaunWhite wrote:
Fri Dec 06, 2019 8:04 pm
Archery1969 wrote:
Fri Dec 06, 2019 6:46 pm
Didn’t Gordon sell the family gold ?

To allow a fair comparison, how much potential profit was lost vs the assets it was converted into, and how much profit have the privatised industries made since the 80s which should have gone to the exchequer?
Between 1999 and 2002 he sold 395 tones of gold at an all time 20 year low costing the UK taxpayer £7 billion at the time. I have no idea how much that equates to in today's money. But i guess its allot.
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ShaunWhite
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Archery1969 wrote:
Fri Dec 06, 2019 9:03 pm
ShaunWhite wrote:
Fri Dec 06, 2019 8:04 pm
Archery1969 wrote:
Fri Dec 06, 2019 6:46 pm
Didn’t Gordon sell the family gold ?

To allow a fair comparison, how much potential profit was lost vs the assets it was converted into, and how much profit have the privatised industries made since the 80s which should have gone to the exchequer?
Between 1999 and 2002 he sold 395 tones of gold at an all time 20 year low costing the UK taxpayer £7 billion at the time. I have no idea how much that equates to in today's money. But i guess its allot.

So by your figures a one-off loss of £115 per capita. OK. And how much profit on your gas/electic/phone etc etc bills for the last 33 yrs has been lost? And incidentally the utilities were also sold at bargain prices too if you remember. Neither may have been right, but the magnitude of the 'wrongness' is incomparable.
Wolf1877
Posts: 367
Joined: Fri Sep 08, 2017 10:59 am

spreadbetting wrote:
Fri Dec 06, 2019 2:53 pm
I guess they're in the other 36% then, wonder what the odds of something like that occuring. I guess they're alright , Jack.
They work bloody hard for what they get averaging 50 hour weeks and one even has the same occupation as your missus though undoubtedly lower down the pay scale. Young adults do have it much tougher IMO than their parents but mine are smart enough to realise that Marxism/Stalinism is never the answer.
greenmark
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Joined: Mon Jan 29, 2018 2:15 pm

Wolf1877 wrote:
Fri Dec 06, 2019 10:18 pm
spreadbetting wrote:
Fri Dec 06, 2019 2:53 pm
I guess they're in the other 36% then, wonder what the odds of something like that occuring. I guess they're alright , Jack.
They work bloody hard for what they get averaging 50 hour weeks and one even has the same occupation as your missus though undoubtedly lower down the pay scale. Young adults do have it much tougher IMO than their parents but mine are smart enough to realise that Marxism/Stalinism is never the answer.
Do they get paid for all those 50 hours?
Wolf1877
Posts: 367
Joined: Fri Sep 08, 2017 10:59 am

greenmark wrote:
Fri Dec 06, 2019 10:25 pm
Do they get paid for all those 50 hours?
2 are salaried so no but their job requirements are such that the hours are unavoidable with basically no real choice. The other provides 3rd line tech infrastructure support in unsociable hours and takes all available overtime to get a mortgage to buy a fairly modest house. Like I say kids have it tough these days. I had a fairly average salary early in my IT career and I got mortgage to buy a house when I was just 22. Freedom of movement has been an absolute disaster for the younger generation IMO in terms of both depressing relative salaries while simultaneously inflating rents and house prices. I can see very clearly how much tougher it is for my kids than it was for me at their age.
sa7med
Posts: 800
Joined: Thu May 18, 2017 8:01 am

Wolf1877 wrote:
Fri Dec 06, 2019 10:18 pm
spreadbetting wrote:
Fri Dec 06, 2019 2:53 pm
I guess they're in the other 36% then, wonder what the odds of something like that occuring. I guess they're alright , Jack.
They work bloody hard for what they get averaging 50 hour weeks and one even has the same occupation as your missus though undoubtedly lower down the pay scale. Young adults do have it much tougher IMO than their parents but mine are smart enough to realise that Marxism/Stalinism is never the answer.
I think Marx/Marxism/Marxian though gets a bad rap and is often misunderstood. To equate Stalinism/Leninism or even communism with Karl Marx or Marxian thought to me is to profoundly misunderstand Marx. Marx never actually advocated any policies but rather was primarily concerned with analyzing and critiquing capitalism from a class struggle view point. He is a titan of economic philosophy and you'll be hard pressed to find an academic who can adequately poke holes into his arguments. One thing that is often criticized about him is that he never offered any alternatives to capitalism! Marx was not a proponent of communism or even socialism, but rather aims to show the ways in which the working class are exploited by capital; who at the time of his writings definitely were! You'll say: but what about the communist manifesto?! Well, read it, it's like 20 pages and it's a shallow impression of Marxian thought - there's nothing in there that even resembles your concept of communism. His name and ideas have been abused for political use, by both left and right, for decades to come. If you really want to know what Marx was about, read Das Kapital.

I think to suggest that anyone is advocating Stalinism in the UK is building a straw man argument. Not that I agree with him on his policies, but comparing an ultra authoritarian/totalitarian/genocidal/homicidal/mass murdering state to corbyn is not accurate and does not amount to an argument in my opinion. I don't think it adds anything to use boogie man terms like that. I think It's more useful and interesting to point out actual flaws with ones policies/arguments rather than slap a relic of cold war propaganda on them.
greenmark
Posts: 5006
Joined: Mon Jan 29, 2018 2:15 pm

Wolf1877 wrote:
Fri Dec 06, 2019 11:04 pm
greenmark wrote:
Fri Dec 06, 2019 10:25 pm
Do they get paid for all those 50 hours?
2 are salaried so no but their job requirements are such that the hours are unavoidable with basically no real choice. The other provides 3rd line tech infrastructure support in unsociable hours and takes all available overtime to get a mortgage to buy a fairly modest house. Like I say kids have it tough these days. I had a fairly average salary early in my IT career and I got mortgage to buy a house when I was just 22. Freedom of movement has been an absolute disaster for the younger generation IMO in terms of both depressing relative salaries while simultaneously inflating rents and house prices. I can see very clearly how much tougher it is for my kids than it was for me at their age.
With you there. I spent 2/3rds of my career doing 45-50 hrs on 37.5 hrs wage. Working till 2am or Bank holidays or weekends yielded "days in lieu".
Wolf1877
Posts: 367
Joined: Fri Sep 08, 2017 10:59 am

sa7med wrote:
Fri Dec 06, 2019 11:11 pm
I think to suggest that anyone is advocating Stalinism in the UK is building a straw man argument. Not that I agree with him on his policies, but comparing an ultra authoritarian/totalitarian/genocidal/homicidal/mass murdering state to corbyn is not accurate and does not amount to an argument in my opinion. I don't think it adds anything to use boogie man terms like that. I think It's more useful and interesting to point out actual flaws with ones policies/arguments rather than slap a relic of cold war propaganda on them.
Corbyn himself is probably more of a Trotsky figure than a Stalin but there are undoubtedly those in the current hard left who would not hesitate to wield the ice pick and push Corbyn to one side. Lets face it it was McDonnell who suggested that Esther McVey should be strung up. Effigies of hung Tories up in Manchester in the conference season. There are some extremely shady figures within the hard left that have hijacked and taken over the Labour Party and there is exteme intolerance always just below the surface. Pidock couldnt be friends with a Tory and there are plenty more of her ild. Anti-semitism is absolutely rife and the jewish community are right to be concerned. The direction of travel and intolerance under Labour is very much in the Stalinist direction IMHO.
greenmark
Posts: 5006
Joined: Mon Jan 29, 2018 2:15 pm

I think I should not contribute having got back from the pub.
What was the question? Hic!
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