naijababe:


This is why I don't undesrtand why anyone could forgive dear old dead Margaret for the bolded but then turn around and and e-lynch Gordon for selling off UK gold reserves. That social housing policy is the reason why London prices is at an atronomical and would continue to remain so.

Margaret Thatcher...............I have no words! Just don't come up North and say something nice about her any where.

naijababe:


Do you have a link? I'd like to read it

coogar:


borrow more money.
her penny-pinching did much worse than good. BP - the state creation of winston churchill himself was sold off like pure water to her friends. the shareholders benefitted from it, hardly the british public.

don't even get me started with the introduction of poll tax to replace the local government property taxes to driving poorer natural labour voters off the electoral rolls. the same tight fisted schemes triggered the Falklands war when she withdrew funds off the BAS.

her sins were too many.

Katsumoto:


The woman implemented a policy that ensured that millions could own their homes. Before that policy, weren't British folk just living in council housing all their lives, dying in their council housing, and not having any worthwhile property. Was it only in London where social housing was implemented? Why isn't it a problem in most other cities? Well migration from other parts of the UK, from Europe and other parts of the world is the reason why prices are high in the UK. Throw in Russian money and bobs your uncle. Today, many Brits owe owning their homes to that policy. If you work hard, you can buy your property at a discount and have something to leave your kids when you die. The reason there was a shortage of social housing in the noughties is because the number of lazy scroungers increased under Blair and Brown's 'sit yo ass at home and we will pay you to do so' government.

Brown sold off half of the UK Gold reserves at the bottom of the market (approximately £275 per ounce). Who in their right mind sells at a historic low?

SirShymexx:


She won the same way David Cameron won, without Lib Dem stealing parts of the votes. You and I know no one voted for her up there.

Republicans aren't that bad - they're the hawkish and vacuous version of the Tories. The Americanised Southern Anglo-Saxons. And since you're a fan of Lady Thatcher - you should be able to embrace her BF, Ronald Reagan, and his party.

OAM4J:


lol. The report is under Jonathan's desk and might be used to wrap Patience jewelries while packing out of Aso Rock.

Jokes aside, it has not been made public. I only go to know about it from Tunde Bakare and Yinka Odumakin discuss on it. From what they said, the report if implemented promotes regionalism; region economic integration that is very much in line with DAWN policies, state police among other things.

naijababe:


It is a problem everywhere o! House prices are crazy UK wide, only it is 10x worse in London.

Hindsight is 20-20 my friend, all of us can pick the market low when looking from the left side of the chart

Katsumoto:

You haven't answered my question - what would you have done? I admit she didn't get everything right but by George she saved the UK from ruin.

Katsumoto:


This is not a case of hindsight - in economic terms, you don't sell at the bottom of a historic low. It was incompetence of the highest order.

Katsumoto:


The woman implemented a policy that ensured that millions could own their homes. Before that policy, weren't British folk just living in council housing all their lives, dying in their council housing, and not having any worthwhile property. Was it only in London where social housing was implemented? Why isn't it a problem in most other cities? Well migration from other parts of the UK, from Europe and other parts of the world is the reason why prices are high in the UK. Throw in Russian money and bobs your uncle. Today, many Brits owe owning their homes to that policy. If you work hard, you can buy your property at a discount and have something to leave your kids when you die. The reason there was a shortage of social housing in the noughties is because the number of lazy scroungers increased under Blair and Brown's 'sit yo ass at home and we will pay you to do so' government.

Brown sold off half of the UK Gold reserves at the bottom of the market (approximately £275 per ounce). Who in their right mind sells at a historic low?

Katsumoto:


She won a majority each time. She didn't need a coalition.

There isn't much I admire about Reagan.

coogar:


i answered you - i said i would just borrow more. i dunno why people generally see debt as a curse. as long as the repayments are met, what's the big deal? 99% of the houses here are mortgages(debt) - who cares?

however, to cripple the opposition party by hiding like you are doing the public a favour is an act of treason. she never actually won the majority of any popular vote.

her 11-year reign was because of the damage she had done to the labour party. some of them ran to form social democrat & then tried to join the liberals. it was that bloc of popular votes that denied labour from winning.

a clear majority voted against thatcher & her evil conservative party in each of those elections under her reign.

Katsumoto:


Borrowing from the financial markets, yes but borrowing from the IMF, Hell no. Why do you think there is much brouhaha over Greece's debt? When you are so broke that you resort to the IMF, then you are in trouble. And the reason you turn to the IMF is because you can't get money from the financial markets. Once the markets starts pricing your bonds at over 5% for a ten year note, you are in trouble. So in terms of borrowing, no one would have borrowed you more money. IMF borrowing is usually for paying off debts and meeting essential services. No one will borrow you more money so that you can pay Giro or so you can keep running loss making coal mines.

Again, I ask the question, what would you have done?

SirShymexx:


I know. I was alluding to the fact that there was no Lib Dem back then to slash her votes. It was between the Tories and Labour, and the Tories have a far bigger base than Labour.

Lol. But Reagan had a special friendship with Thatcher.

SirShymexx:


Err, I would have done my own "Iran Contra" like Reagan, to save the country.

SirShymexx:


However, her housing policy only favoured those in the South, who had jobs. The folks up North who had their jobs taken away from them never had that luxury.

I believe both Edward George and Mervyn King favoured what Gordon Brown did. So, how come folks keep blaming only him for selling the gold reserves? He did what he had to do, and it helped in stabilising the financial market. If nothing had been done - London would've lost out on the long short cos there was shortage of gold reserves on global market. UK paid the price to save London.

omonnakoda:

That is the report :
https://www.premiumtimesng.com/national-conference/wp-content/uploads/National-Conference-2014-Report-August-2014-Table-of-Contents-Chapters-1-7.pdf

Katsumoto:

Borrowing from the financial markets, yes but borrowing from the IMF, Hell no. Why do you think there is much brouhaha over Greece's debt? When you are so broke that you resort to the IMF, then you are in trouble. And the reason you turn to the IMF is because you can't get money from the financial markets. Once the markets starts pricing your bonds at over 5% for a ten year note, you are in trouble. So in terms of borrowing, no one would have borrowed you more money. IMF borrowing is usually for paying off debts and meeting essential services. No one will borrow you more money so that you can pay Giro or so you can keep running loss making coal mines.

Again, I ask the question, what would you have done?

Katsumoto:


There was no Lib dem back then? Do you know who Paddy Ashdown is? You do know that the lib dems were a stronger party than Labour until after the first world war, well they were known as the liberals back then.?

coogar:


come on, britain ain't greece!
there's no way they would have collapsed like greece in the late 70s. besides, you have the option of the financial market like you suggested.

thatcher's policy made people poorer. she contrived the collapse of britain as an industrial power....she wasted the opportunity of the windfall find of the north sea oil & completely eroded the ideology of common welfare.

nothing can convince me thatcher's policies were the best option as at then. her primary motive was to destroy the foundation of the labour party cos they were her biggest adversary. every other issue were purely an academic point.

Katsumoto:




Glad to know that after 25 years, Thatcher's critics can't still come up with better options to save the UK.

Katsumoto:


I don't understand what you mean by George & King favoring what Brown did. Brown sold the Gold reserves in 1999/2000 using an announced auction which drove the price of Gold lower. And he did it not in response to some economic problem but so he could buy the Euros and other Financial instruments. He called it divesting the reserves.

Katsumoto:

But the UK was in a worse situation than Greece is in right. And no, the option of financial markets wasn't there. Hence why the Labour government went to the IMF.

As for your comment about destroying the Labour party, Callaghan's Labour government was brought down by the Unions. Isn't that Ironic?

SirShymexx:


Erm, after doing extensive reading - I shall come back with facts. I need to consult the old Brit heads on CIF for pointers.

At the end of the day, she'll always be remembered for tearing the country apart, and favouring the South, while impoverishing the North, Scotland, Northern Ireland, and Wales.

SirShymexx:

But George and King were in control of the Bank of England when he sold the gold reserves during the tenures I believe. He was caught between a rock and a hard place. And he did what he had to do. Financial institutions were short of gold - and London depends on the financial market for its survival.

coogar:

there's nothing really wrong in borrowing from IMF. i understand britain was in dire straits then but thatcher's policies were extremely harsh and she didn't care one jot about scotland - she even used them as a guinea pig for a year to test the poll tax scheme.

i understand her enthusiasm to cut the rise in inflation but she overdid it. she increased interest rates & VAT from 8% to 15% at some point. home owners couldn't cope with the repayments, many of them lost their homes as a result.



as a result, 2 million manufacturing jobs were lost due to thatcher's aggressive policies. enough steel companies & shipyards just folded up. didn't she abolish the provision of free milk to school children too? how can you even hold a brief for this woman?

had thatcher come as an african male, she would have been robert mugabe.

Katsumoto:

You need economic policies; ask them for that. [/quote

It had nothing to do with the Bank of England. And that's not quite how it happened.

SirShymexx:

Lol. Don't disrespect the ancient Mugabe.

She was the last Queen of Scotland and she ruled the Scots with an iron fist. So, I think she would have been Idi Amin.

SirShymexx:

The policies were too one-sided.
How did it happen? And doesn't the Bank of Gold coordinate the economic/financial decisions with the Chancellor? And who keeps the gold reserves?

SirShymexx:


The policies were too one-sided.

How did it happen? And doesn't the Bank of Gold coordinate the economic/financial decisions with the Chancellor? And who keeps the gold reserves?

SirShymexx:

Lol. Don't disrespect the ancient Mugabe.
She was the last Queen of Scotland and she ruled the Scots with an iron fist. So, I think she would have been Idi Amin.

Katsumoto:

You and Coogar are both mad.

coogar:


you are right!
mugabe wouldn't have denied schol kids free milk. mugabe is actually nicer than thatcher. i think idi amin is more apt or mobutu sese seko.

evil policies that had unemployment at 3 million at a point. her policies triggered the brixton riot. heaven knows the number of our negroid brothers that lost their lives to that riot.