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<blockquote data-quote="PepeLePew" data-source="post: 831582" data-attributes="member: 4895"><p>hear hear, although I think it is probably less than 0.1%</p><p></p><p>before I start, I also concur with the people in private sectors opinions and I'm in the public sector. I feel sorry for private sector because you can never show balls to what's imposed; or else you're out of the door. Whereas being in a super huge body of state employees I'm glad we have more of a chance to negotiate a settlement. I didn't agree with the strike though. </p><p>There is definitely need for reform of the pensions; just it has been so poorly communicated that public sector cynically think it is the easy way of punishing us for the failure of the few; and whilst there may be an element of truth in that; it is far from the majority reason.</p><p></p><p>On to another soap box</p><p>It is far easier for a government to make the majority have pain than tackle the root cause; and if that is by means of divide and conquer; then it helps take the heat off them tackling the goliaths.</p><p></p><p>But I would also include super intelligent traders with the 0.1% who are able to make any market flutter using their advanced maths based option buying/selling strategies (which I admire in a maths vs the world kinda way). But when the normal greed is coupled with pressure from the super wealthy for traders to deliver results; means any moral kind of responsibility (or acknowledgement of the consequences) generally gets left outside of the trading room floor. And to my mind makes them far more powerful and destructive to the world than any national/religious/terrorist threat.</p><p></p><p>When the EU suggested a financial transactions tax, to help save the Euro. George Osborne rightly defended the city of London as it would hit us harder than anyone other nation; and given we're not in the Eurozone it would be a double bumming. But what he categorically should have done was embrace the idea and try to get complete global support sign up to the tax in each country; and have no havens in whatever little island nations... but that would seemingly take too much effort. Even a financial transactions tax is only going to be a sticking plaster to most nations problems. </p><p></p><p>For many years I believed a global currency would get rid of one set of toxic trading problems. But I've never been convinced it would be simple or truly the right way forwards.</p><p></p><p>I do think that the murky complex world of hedging techniques needs to be tackled on a global scale; and until then the world is unlikely to fully emerge from borderline recession.</p><p></p><p>Part of me does think we in the West are bloated old empires in death throes; and our fate like most old empires is sealed to disintegrate. But rather than dying at the hands of invading armies; we will be done in by the super nerds <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll eyes :rolleyes:" loading="lazy" data-shortname=":rolleyes:" /></p></blockquote><p></p>
[QUOTE="PepeLePew, post: 831582, member: 4895"] hear hear, although I think it is probably less than 0.1% before I start, I also concur with the people in private sectors opinions and I'm in the public sector. I feel sorry for private sector because you can never show balls to what's imposed; or else you're out of the door. Whereas being in a super huge body of state employees I'm glad we have more of a chance to negotiate a settlement. I didn't agree with the strike though. There is definitely need for reform of the pensions; just it has been so poorly communicated that public sector cynically think it is the easy way of punishing us for the failure of the few; and whilst there may be an element of truth in that; it is far from the majority reason. On to another soap box It is far easier for a government to make the majority have pain than tackle the root cause; and if that is by means of divide and conquer; then it helps take the heat off them tackling the goliaths. But I would also include super intelligent traders with the 0.1% who are able to make any market flutter using their advanced maths based option buying/selling strategies (which I admire in a maths vs the world kinda way). But when the normal greed is coupled with pressure from the super wealthy for traders to deliver results; means any moral kind of responsibility (or acknowledgement of the consequences) generally gets left outside of the trading room floor. And to my mind makes them far more powerful and destructive to the world than any national/religious/terrorist threat. When the EU suggested a financial transactions tax, to help save the Euro. George Osborne rightly defended the city of London as it would hit us harder than anyone other nation; and given we're not in the Eurozone it would be a double bumming. But what he categorically should have done was embrace the idea and try to get complete global support sign up to the tax in each country; and have no havens in whatever little island nations... but that would seemingly take too much effort. Even a financial transactions tax is only going to be a sticking plaster to most nations problems. For many years I believed a global currency would get rid of one set of toxic trading problems. But I've never been convinced it would be simple or truly the right way forwards. I do think that the murky complex world of hedging techniques needs to be tackled on a global scale; and until then the world is unlikely to fully emerge from borderline recession. Part of me does think we in the West are bloated old empires in death throes; and our fate like most old empires is sealed to disintegrate. But rather than dying at the hands of invading armies; we will be done in by the super nerds :rolleyes: [/QUOTE]
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