You Cannot Be Serious!

[Baldric]

Watching ITV+1 News, just had a Party Political Broadcast on behalf of the Labour Party, how uninformed are they, just not realistic at all. How can anyone take them seriously?

[pixie374]

I doubt anyone does.

[fiction-factory]

I agree. Gulliver probably thought it was excellent though

[naomi24]

Drat! I missed that. I'm guessing Utopia awaits?

[retrocop]

I'm guessing bankruptcy awaits?

[naomi24]

That is Labour's Utopia, isn't it, Retrocop? ;o)

[Baldric]

Naomi, you didn't miss anything worthwhile, I promise.

[fiction-factory]

[Smowball]

My FIL is a very well off man, who worked in the City all his life, and is an avid die hard Labour supporter......

[retrocop]

//That is Labour's Utopia, isn't it, Retrocop? ;o)//

That's right Naomi. As long as someone else pays for it. 'What's yours is mine and what's mine is my own. :-(

[naomi24]

Tut! See how easy it all is? What are you waiting for?

I sincerely hope that bloke who shuffled her off at the end normally wears a white coat!

[chrissa1]

I came in halfway through and thought for a second, “gosh yes, that sounds wonderful.” Then I thought, where is the money coming from?

Ie...... “sorry there’s no money left.”

Idiots.

How can Corbyn wax lyrical about the countries like, Venezuela where people are fleeing in their thousands because there is no money left in the state, to feed them.

Leftist/Communist dogma.

[david small]

That’s a good advert though. If only it were that simple.
I suspect there’s something they are not telling us, Mmmmmmm.

[retrocop]

Good grief. People actually get suckered into that guff.Thanks for the link FF. Reminds me of a similar joke regarding investment by Labour involving a hooker.

[retrocop]

"It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit.

On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.

The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.

The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money and leaves town.

No one produced anything. No one earned anything. However the whole village is now out of debt and looking to the future with optimism.

And that, Ladies and Gentlemen, is how a bailout package should works! "

The above ONLY works if all the parties absolve the others of paying any interest for their credit.

Could it work in practice?

I don't know, but the injection of a massive interest free loan to pay off all debts and then repaid in full and all at zero interest (or accepting the debt paid in full and 'forgiving' the creditors previously agreed inteest - who knows?