the nodding donkey:
Winseer:
Wouldn’t it be funny if the “resisted” Tesla car plant supposedly about to be built outside Berlin, but now blocked by a climate protest injunction - got moved to the UK instead.Yep, the UK, that well known bastion of Electric vehicle buyers. I can see a large, and growing demand, for right hand drive Teslas…
The last economic crash involved housing, and personal (unsecured) debt. The next one, will include all that, and all those cars that have been bought on lease/hire/personal credit whatever, which will be repossessed, and added to the already flooded market of ex-lease/hire/personal credit whatever cars, that are stocking "car warehouses/ex-airfield sites… the new car industry is going to go ■■■■ up in the next 5 years, leaving just a few producers trying to flog new cars. The system of buying new cars on credit is going to fall apart as soon as the economy hits the buffers. Any artificial propping up of the economy (which has been the case for many years now) will eventually crash. History always repeats itself.
Large scale sales of (all) electric cars are not going to happen anytime soon, for two reasons. The cost of a new car, and the lack of re-charging infrastructure.
I’m amazed that Labour are not advocating to people to default all their unsecured debts - as a way out of poverty…
Earning £2000 per month, with credit card interest along of over £500 per month? That’s more than most people’s mortgage payments!
If people used their credit cards to ONLY buy “here today, gone tomorrow” goods though, such as food and paying utililty bills - then what happens if you then default that debt?
Are the credit card company going to repossess your last electric bill or make you puke up yesterday’s food you purchased, and have already eaten?
When people are stupid about unsecured debt - they borrow to purchase an asset that can then be taken away. The whole POINT of “unsecured” debt though is that you consent to a higher interest payment in exchange for being able to walk away from it in the event of falling upon hard times…
…And yet the banking system totally takes the ■■■■ by pushing this MYTH that “Unsecured debts are as enforceable as secured ones”.
No they are NOT - and it is about time LABOUR exposed this means by which Banks control the masses - for what it is.
Alas no. Labour are even more owned by the Banks than the Tories are. So much for the “bought-and-paid-for” mainstream!
Hopefully Boris Johnson will prove to be the “Britain Trump” he needs to be - to break free of this deep state grip upon the entire western world’s citizens, where even everyday atheist people on the street - are convinced that it is somehow “immoral” to not pay one’s debts!! Pffft!!
Just think of a future Budget that passes a law making “interest above 10% illegal” rather than “lowering taxes” hmm?