And from that base, the genuine ‘reset’ which we are beginning to hear discussed could be brought about.Although I hear some say, ‘Aren’t such measures incompatible with free market economics?’, I’d argue that this Tory Government’s policies – at least when it concerns this crisis – already have a distinctly Jeremy Corbyn and Socialist feel.In any case, for years, the world of business has had a very civilised mechanism to deal with debt write-offs.
But another scenario haunts, for markets follow a golden rule: to exact maximum pain.In this way, Covid-19 could disappear with perfect timing, having caused optimum misery but leaving the financial system with a heartbeat, thereby allowing governments to continue deferring the problem for future generations to deal with; more debt for us and our children.In such an eventuality and if the politicians remain unwilling to write off debt, there is still, happily, a solution:What would the banks do then?
Darius Guppy, the old Etonian friend of Earl Spencer, the Princess of Wales's brother, was yesterday found guilty of a pounds 1.8m Lloyd's insurance swindle.
If it can house every homeless person within a few days, why didn't it do so long ago? That helps us fund This Is Money, and keep it free to use.
Darius Guppy, you will remember, is the Old Etonian grandson of Grand Ayatollah Seyyed Mohammed Kazem Assar, jailed in 1993 for a fake jewel robbery insurance fraud. 'If people can escape the grip of banks, perhaps some good can come of Covid-19', says GuppyWelcome to the real world - because the only measures being put forward in any case have a distinctly nationalist and socialist feel about them, to an extent that would have embarrassed Jeremy Corbyn a few months ago.So much for efficient self-regulating free markets.And if our government can build super-hospitals overnight, why didn't it help the NHS before the crisis? Search the Land Registry and consider not the title deeds but the mortgage deeds if you require convincing.You have not exercised your free will in saddling yourself with this debt. Your missed repayments on your home will simply be added to your final bill.
When authorities arrested Graham Ivan Clark, who they said was the “mastermind” of the recent Twitter hack that ensnared Kanye West, Bill Gates and... If people can escape the grip of banks, perhaps some good can come of Covid-19.Some links in this article may be affiliate links.
Cancel ALL debt, or we will be slaves to banks, DARIUS GUPPY tells his old Oxford pal, Boris Johnson By Darius Guppy For Financial Mail On Sunday 22:31 06 Jun 2020, updated 00:40 07 Jun 2020
It is perfectly possible to be a Tory and to reject neo-liberalism which has nothing conservative about it and is, in fact, an extreme form of economic liberalism. I mean which bit of Ricardo is going to be wrong?
Glamorous girlfriend of Irish man charged over a horror stabbing in Sydney's eastern suburbs allegedly messaged his mates for backup moments before his victim... They can occur again. Such a policy would be in tune with genuine conservatism, whose values are community, family, tradition, industry, agriculture, the nation – not pampering bankers.Brexit and the autonomy it is supposed to bring will mean nothing if we remain the slaves of the banks. That's Facebook, Amazon, Apple, Netflix and Alphabet (Google as was) by the wayDarius Guppy was a friend of Boris Johnson at Eton and Oxford - and best man at the wedding of Princess Diana's brother, Earl Spencer. As it happens most to near all economic growth in the rich countries today is from that increase in productivity. That decision was forced upon you because the only way to have got onto the property ladder was to borrow. But not your obligation to the bank – that’s the point.Debt enjoys immunity from Acts of God as nothing else, such immunity being possible only with the blessing of the State.Now our politicians will respond that out of the goodness of their hearts they have encouraged banks to grant you repayment holidays on various forms of borrowings for a few months while the virus rages.Don’t be fooled. Ex-PM says lockdowns and travel bans should be SCRAPPED while launching a scathing attack on 'dictator' Dan Andrews - as experts reveal why Victoria's...
They are the followers of Adam Smith, David Ricardo, Friedrich Hayek and Milton Friedman when they should be guided by Thomas Malthus; worshippers of Margaret Thatcher; best friends of the bankers.They were happy to see the selling off of our industries and the elimination of our capacity to fend for ourselves. Pinterest. Then Darius Guppy fell into obscurity for 13 years following an insurance scam and a spell in prison – until now.
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