Genetral EU discussion.

[[KMA]Avenger]

I didn't know they were planning on bringing in a law to force people to pay into a private pension. i know that govt has been forced to raid the public ones and some of the private ones and hand the money over to the banks...but to bring out a law forcing the public to pay whether they want to or not...wow the balls on these animals.

Enough is enough, the BoE HAS to go as soon as we get out of this EU crap.

[MEZZANINE]

I didn't know they were planning on bringing in a law to force people to pay into a private pension. i know that govt has been forced to raid the public ones and some of the private ones and hand the money over to the banks...but to bring out a law forcing the public to pay whether they want to or not...wow the balls on these animals.

Enough is enough, the BoE HAS to go as soon as we get out of this EU crap.

Thats not even the worst part, in the UK all working people already pay whats called 'National Insurance Contributions' direct from our salaries, have done since 1948 and it was intended to cover unemployment benefits, national heath service and public pensions. The Government has decided that people my age and younger will no longer be eligible for public pensions, people 2 years older than me will still receive them, BUT I and hundreds of thousands, maybe millions like me who have been paying into NIC for 15+ years already, many of us have paid in more than those a few years older than us who will still get the pension but we wont, and we wont get a refund either, and we still have to continue paying NIC even though we wont get the benefit of one of it's primary functions.



The other issue with forcing people to take out private pensions is that over the last decade many people have bought 2nd & 3rd properties instead of taking out pensions with the intention of living on the rental income instead of a pension income when they retire. These people are already committed to 25-30 year mortgages on their retirement income properties, how will they pay a forced private pension as well ? They cant, they will have to sell up.

[[KMA]Avenger]

Just goes from bad to worse mate. i've also been paying NIC ever since i left school in 83.

The only way out is to take back control of OUR money and put the politicians and the bankers all on trial for crimes against humanity.

[Kit-Fox]

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[[KMA]Avenger]

The obvious is that either we die and can't claim any of it (if there is anything left after devaluation occurs-and sooner or later, devaluation will have to occur- that is), or if we survive to claimable age they will have raised the age limit again and then we die before we get to the new age limit. whatever happens, we wont see a single penny of it and they may as well go ahead and take it...unless we take matters into our own hands once and for all...non-violently OFC.


What do you guys think about this article: http://www.infowars.com/is-germany-secr ... -the-euro/

[Kit-Fox]

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[[KMA]Avenger]

The age I'll be able to claim my state pension at is most probably going to be 72 or 75

A lot of people are still alive at that age KMA & live for some years after reaching that age too. After all the state pension was only designed to be for your last years of life where you are unable to do anything workwise. It wasnt supposed to give you a nice state funded lifestyle for two / three or more decades

I understand all that, but the point is still valid. people die all the time for all sorts of reasons before they even get near the age they can claim. if they feel there are to many people claiming and cannot cover the cost, they will raise the limit again...and again...and again if they have to. as i have no doubt you fully understand all this already....which puts us both on the same page



Any thoughts on the article?

[MEZZANINE]

@ Kit, if current proposals become law you will NOT get a state pension, nor will you get any transferable credit or refund from your years of NIC, you will be forced to start from scratch on a private pension by law and your disposable income will drop significantly.

Remember the last Government took billions out of the state pension pot and it has never been replaced.

Also unless you are quite wealthy, when you reach an age where you need care you will be forced to sell your assets ( Home, shares etc ) to pay for that care, homeowners work all their lives to buy there homes will then have to sell them making home ownership pointless.

Basically over the next few generations we will return to a point where the richest few own everything and everyone elses will rent off the 'Lords of the Manor' while working until they die on subsistence level wages.

[Kit-Fox]

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[[KMA]Avenger]

Erm...taxation every penny of taxation (from income tax to Vat, from the TV license to road tax, customs tax, the lot...even inflation and devaluation is used), goes towards paying the national debt. contrary to popular belief and what people think they know about taxation in all it's forms, every single penny of it goes towards paying the national debt. any and ALL govt expenditure comes from borrowed money and has absolutely nothing to do with taxation.

People who say to me, "but how would we run the NHS, keep the roads and pay the teachers without taxation" have no idea what they are saying, and have even less of an idea how money is created and spent into the economy and what our taxes go towards.


The Modern taxation system is the agreement made between govt and (in this case) the BoE whereby the debt will be paid by the people in exchange for all of govts spending, which as you should know (this part at least) we pay for the right to use BoE currency via interest. because of this, we have a debt based system, if we switched to a credit system all our financial troubles would go up in smoke....

[MEZZANINE]

lol I dont mean pot in a literal sense, there is no separate account the money is placed in away from all other income/expenditure, BUT like all businesses the government does 'on paper' set aside what are called 'provisions' and 'Commitments' entered in accounts as expenditure accruals in order to budget future expenditure accurately, these are what have been reduced meaning future budgets set aside less money for this purpose to make the books look healthier in the short term. The last Labour government reduced these significantly to fiddle the books and the current government has not restored them.


@ Kit, you think you will get a State pension, we will see next year. Like I said it's not law yet but it has been proposed and will probably get introduced. We are already being prepared for this via the constant media messages about us all needing to save more for old age & work longer etc, by the time it gets made law it will be promoted as 'There being no other way' and the blame put on past governments not the one introducing it as with most things.

[[KMA]Avenger]

Getting back to the EU...


In other news, the EU along with the UK in their infinite wisdom have placed a refined oil embargo on Iran. Iran's response has been to stop selling crude to UK and EU company's. Iran doesn't have the infrastructure to refine enough oil for it's needs and so exports most of it's crude in exchange for refined oil.
Thanks to Govts ineptitude in handling affairs with Iran we can now expect prices at the pump to start going up again....

Thank god for the Govt subsidising our transportation and distribution industries otherwise we might really find ourselves in a pickle if we can't get any of the crap we buy in our local stores due to a transportation blockade! but never fret, the good ol trusted UK motorist will be more than chuffed to pick up the bill via increased fuel prices


/sarcasm

[Kit-Fox]

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[MEZZANINE]

You of course realise that for the last couple of years the UK at least and probably France too have constantly been bringing down the amount of oil we buy from Iran, either directly or through intermediaries.

So the actual effect of this 'ban' should in fact be minimal to the UK anyways. Not that fuel companies wont use this as an excuse of course.

And the ban is a perfectly valid response to Irans stupidity in purusing nuclear weapons & we can be pretty sure they are trying to develop weapons given what we know about their 'program'

Yeah we've been downsizing what we buy off them just in case we decide to bomb them lol

Dont want a repeat of what happened to prices when Sadam set the wells on fire

[[KMA]Avenger]

You of course realise that for the last couple of years the UK at least and probably France too have constantly been bringing down the amount of oil we buy from Iran, either directly or through intermediaries.

So the actual effect of this 'ban' should in fact be minimal to the UK anyways. Not that fuel companies wont use this as an excuse of course.

And the ban is a perfectly valid response to Irans stupidity in purusing nuclear weapons & we can be pretty sure they are trying to develop weapons given what we know about their 'program'

You also do realise that Iran is not after weapons grade plutonium, that weapons inspectors have stated in no uncertain terms that Iran doesn't have the capability to refine nuclear materials to 90% in order to get "the bomb", and further that Iran has even offered the west a deal whereby the west will be in charge of refining the materials for Iran's nuclear power industry to assure the west and alleviate any concerns we may have of them getting "the bomb", an offer the west has refused to take up because "they" are hell bent on having their war with Iran.


To summarise, the embargo is not a "valid response", and makes war that much more likely....


BTW, having your aircraft carriers drive through the strait or Hormuz while the Iranians are carrying out exercises in order to provoke the Iranians to attack first is all the proof we need that they intend to have their war 1 way or another.