Newbie Posted November 4, 2022 Share Posted November 4, 2022 8 minutes ago, Hoops said: And we'll doff our caps and our money will be used to bail them out next time. And again etc. 9m American's lost their homes, and Obama bailed out the banks. It's a great business model. The Central Banks print loads of money which gets passed to their mates in the banking system. They make loads of money loaning it out. If it turns out the bankers are reckless, no problem the tax payers will bail them out. When the inevitable inflation occurs, no problem, their mates in government will make sure the poorest in society foot the bill for controlling that whilst they can continue to award themselves above inflation pay rises. 5 Quote Link to comment Share on other sites More sharing options...
Hoops Posted November 4, 2022 Share Posted November 4, 2022 3 minutes ago, Newbie said: It's a great business model. The Central Banks print loads of money which gets passed to their mates in the banking system. They make loads of money loaning it out. If it turns out the bankers are reckless, no problem the tax payers will bail them out. When the inevitable inflation occurs, no problem, their mates in government will make sure the poorest in society foot the bill for controlling that whilst they can continue to award themselves above inflation pay rises. Mortgages, loans, the banks themselves are the biggest creators of new money. Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted November 4, 2022 Share Posted November 4, 2022 33 minutes ago, Newbie said: The comment was made in relation to the causes of inflation. No it wasn’t. You linked to a Guardian report about alleged big City bonuses. They don’t have any relevance in the IOM. 2 Quote Link to comment Share on other sites More sharing options...
Newbie Posted November 5, 2022 Share Posted November 5, 2022 8 hours ago, offshoremanxman said: No it wasn’t. You linked to a Guardian report about alleged big City bonuses. They don’t have any relevance in the IOM. Yes it was. If you look again at the original post that you were questioning it literally says that. 13 hours ago, Newbie said: And yet giving workers in the Finance, Insurance and IT sectors double digit pay rises doesn't do that somehow? Is it only public sector pay rises that affect inflation? The narrative that pay restraint is necessary in order to combat inflation starts to fall apart when you see how the Finance sector treat themselves. If you genuinely believe that what happens in the UK has no relevance to the IoM, what do you think is driving inflation here? Quote Link to comment Share on other sites More sharing options...
Meoir Shee Posted November 5, 2022 Share Posted November 5, 2022 (edited) 11 hours ago, Nellie said: Ask anyone who works in Banking who the most financially inept and feckless group of customers are, and they’ll tell you, “Teachers”. Just flicking through history to check on who caused the 2007+ ‘Credit Crunch’ and there it is in black and white: “Teachers”. 🤡 EDIT: I’ve just checked with the House of Commons Library: Bank rescues of 2007-09: outcomes and cost “The Office for Budget Responsibility (OBR) estimates that, as at the end of January 2018, the interventions cost the public £23 billion overall.” Net cost of bailing out Teachers, no mention Net cost of bailing out Bankers, £23bn. Yet Bankers regard Teachers as “financially inept and feckless”. Edited November 5, 2022 by Meoir Shee 5 Quote Link to comment Share on other sites More sharing options...
Banker Posted November 5, 2022 Author Share Posted November 5, 2022 22 minutes ago, Meoir Shee said: Just flicking through history to check on who caused the 2007+ ‘Credit Crunch’ and there it is in black and white: “Teachers”. 🤡 EDIT: I’ve just checked with the House of Commons Library: Bank rescues of 2007-09: outcomes and cost “The Office for Budget Responsibility (OBR) estimates that, as at the end of January 2018, the interventions cost the public £23 billion overall.” Net cost of bailing out Teachers, no mention Net cost of bailing out Bankers, £23bn. Yet Bankers regard Teachers as “financially inept and feckless”. Bankers are the masters of the universe so deserve special treatment, bit like IOMG public sector 😂 Quote Link to comment Share on other sites More sharing options...
Meoir Shee Posted November 5, 2022 Share Posted November 5, 2022 1 minute ago, Banker said: Bankers are the masters of the universe so deserve special treatment, bit like IOMG public sector 😂 Are you 8? 1 2 Quote Link to comment Share on other sites More sharing options...
Asthehills Posted November 5, 2022 Share Posted November 5, 2022 35 minutes ago, Meoir Shee said: Are you 8? I don’t think Banker is 8. You need to be at least 16 to have a license to do his job. Quote Link to comment Share on other sites More sharing options...
Harry Lamb Posted November 5, 2022 Share Posted November 5, 2022 7 minutes ago, Asthehills said: I don’t think Banker is 8. You need to be at least 16 to have a license to do his job. You need a licence to wash a vehicle? 3 Quote Link to comment Share on other sites More sharing options...
Meoir Shee Posted November 5, 2022 Share Posted November 5, 2022 On 9/21/2022 at 2:22 PM, Asthehills said: If everyone just gets big raises it further fuels inflation On 10/19/2022 at 10:18 AM, Asthehills said: Giving everyone more money just fuels inflation though, so isn’t really a solution. 15 hours ago, Asthehills said: risking raising inflation further and saddling is with unsustainable future salary bills. 15 hours ago, Asthehills said: Here’s hoping you aren’t an economics teacher 🙄😂 Giving everyone more money to compensate for high inflation drives it up further. Hi @Asthehills, you’ve been peddling this higher wages only fuels inflation argument for some time now. Could you, finally, explain how this works and we can all move on. 1 1 Quote Link to comment Share on other sites More sharing options...
Holte End Posted November 5, 2022 Share Posted November 5, 2022 (edited) Could the teachers please only strike on days that it is raining as it is a bloody nightmare going to work. Never seen so many one parent , one kid cars on the road. If Greta Caine Thombosis really wants to change the Islands carbon admissions, starting with this wouldn't hurt. Edited November 5, 2022 by Holte End 1 2 Quote Link to comment Share on other sites More sharing options...
Banker Posted November 5, 2022 Author Share Posted November 5, 2022 30% demand from teachers, no wonder exam results are so bad they’re all crazy https://www.manxradio.com/news/isle-of-man-news/30-pay-increase-for-teachers-not-realistic/ 1 Quote Link to comment Share on other sites More sharing options...
manxman1980 Posted November 5, 2022 Share Posted November 5, 2022 3 hours ago, Banker said: 30% demand from teachers, no wonder exam results are so bad they’re all crazy https://www.manxradio.com/news/isle-of-man-news/30-pay-increase-for-teachers-not-realistic/ Have you never negotiated a price for something? The seller always starts high and the buyer low. The 30% will be an opening gambit. They won't realistically expect to achieve that. Quote Link to comment Share on other sites More sharing options...
Asthehills Posted November 5, 2022 Share Posted November 5, 2022 4 minutes ago, manxman1980 said: Have you never negotiated a price for something? The seller always starts high and the buyer low. The 30% will be an opening gambit. They won't realistically expect to achieve that. They have been negotiating for years, and have a really good offer on the table that, as said previously, only a small percentage of actual teachers have actually rejected. Its a couple of bolshy Union reps whipping up a small number of teachers and causing a load of hassle, and deflected the departments time from actually being able to focus on fixing the things they say they want fixing. Idiots 2 Quote Link to comment Share on other sites More sharing options...
DrunkenMonkey Posted November 5, 2022 Share Posted November 5, 2022 4 hours ago, Banker said: 30% demand from teachers, no wonder exam results are so bad they’re all crazy https://www.manxradio.com/news/isle-of-man-news/30-pay-increase-for-teachers-not-realistic/ Allow me to correct Ms. Edge: 30% over a 3 year period to make up the pay erosion of 30% in real terms over the past 10 years. 1 Quote Link to comment Share on other sites More sharing options...
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