Anyone bought a new Myford

[David Standing 1Participant @davidstanding1]

Posted by blowlamp on 03/12/2018 15:18:57:

Just shows how we've been conditioned into thinking that paying the bank is the same as paying the person that did the work.

Martin.

You've lost me, could you explain?

[blowlampParticipant @blowlamp]

Posted by David Standing 1 on 03/12/2018 17:27:03:

Posted by blowlamp on 03/12/2018 15:18:57:

Just shows how we've been conditioned into thinking that paying the bank is the same as paying the person that did the work.

Martin.

You've lost me, could you explain?

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

[Mick B1Participant @mickb1]

Posted by blowlamp on 03/12/2018 17:45:25:

…

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

I've not had any trouble with my bank hindering access to my money in over 50 years. Keeping it in cash at home would make very many transactions a lot more complicated and labour-intensive, as well as making considerable investment in security advisable. I'd say your last sentence represents an outlying view.

[David Standing 1Participant @davidstanding1]

Posted by blowlamp on 03/12/2018 17:45:25:

Posted by David Standing 1 on 03/12/2018 17:27:03:

Posted by blowlamp on 03/12/2018 15:18:57:

Just shows how we've been conditioned into thinking that paying the bank is the same as paying the person that did the work.

Martin.

You've lost me, could you explain?

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

Ah, right.

After 41 years working in financial services, I do not know of anyone, ever, that was not given access to their money under the right circumstances (i.e., excluding overdrafts, proceeds of crime etc).

If you have concerns, you may be better off keeping your money in a McVities tin under your mattress

[blowlampParticipant @blowlamp]

Posted by Mick B1 on 03/12/2018 18:55:15:

Posted by blowlamp on 03/12/2018 17:45:25:

…

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

I've not had any trouble with my bank hindering access to my money in over 50 years. Keeping it in cash at home would make very many transactions a lot more complicated and labour-intensive, as well as making considerable investment in security advisable. I'd say your last sentence represents an outlying view.

Sorry, but it's a fact. Many, many people have their accounts put on 'hold', or suspended for various reasons.

[blowlampParticipant @blowlamp]

Posted by David Standing 1 on 03/12/2018 18:59:35:

Posted by blowlamp on 03/12/2018 17:45:25

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

Ah, right.

After 41 years working in financial services, I do not know of anyone, ever, that was not given access to their money under the right circumstances (i.e., excluding overdrafts, proceeds of crime etc).

If you have concerns, you may be better off keeping your money in a McVities tin under your mattress

You make my point most eloquently, thank you.

No need to keep your hard-earned under the mattress.

[alan-lloydParticipant @alan-lloyd]

Only one factory making wage bags in England now as far as I know!!

[David Standing 1Participant @davidstanding1]

Posted by blowlamp on 03/12/2018 19:14:23:

Posted by Mick B1 on 03/12/2018 18:55:15:

Posted by blowlamp on 03/12/2018 17:45:25:

…

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

 

Martin.

I've not had any trouble with my bank hindering access to my money in over 50 years. Keeping it in cash at home would make very many transactions a lot more complicated and labour-intensive, as well as making considerable investment in security advisable. I'd say your last sentence represents an outlying view.

 

 

Sorry, but it's a fact. Many, many people have their accounts put on 'hold', or suspended for various reasons.

 

 

 

None of which are 'we are going to stop you having access to your money for no good reason, just because we say so'.

But, I only worked with billions of corporate money for 41 years, what do I know?

If you don't mind me saying so, you sound a bit paranoid on the subject.

 

Edited By David Standing 1 on 03/12/2018 22:27:47

[David Standing 1Participant @davidstanding1]

Posted by blowlamp on 03/12/2018 19:21:48:

Posted by David Standing 1 on 03/12/2018 18:59:35:

Posted by blowlamp on 03/12/2018 17:45:25

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

Martin.

Ah, right.

After 41 years working in financial services, I do not know of anyone, ever, that was not given access to their money under the right circumstances (i.e., excluding overdrafts, proceeds of crime etc).

If you have concerns, you may be better off keeping your money in a McVities tin under your mattress

You make my point most eloquently, thank you.

No need to keep your hard-earned under the mattress.

Please do not twist my words. Nowhere do I agree with you

[Jeff DaymanParticipant @jeffdayman43397]

ENOUGH

This has nothing to do with thread topic and is quickly degenerating into a bun fight. Moderators, please.

[blowlampParticipant @blowlamp]

Posted by David Standing 1 on 03/12/2018 22:25:31:

Posted by blowlamp on 03/12/2018 19:14:23:

Posted by Mick B1 on 03/12/2018 18:55:15:

Posted by blowlamp on 03/12/2018 17:45:25:

…

Money deposited in a bank is viewed as a loan to the bank and becomes subject to its T&Cs. In effect, the bank becomes the gatekeeper to the money you earned.

 

Martin.

I've not had any trouble with my bank hindering access to my money in over 50 years. Keeping it in cash at home would make very many transactions a lot more complicated and labour-intensive, as well as making considerable investment in security advisable. I'd say your last sentence represents an outlying view.

 

 

Sorry, but it's a fact. Many, many people have their accounts put on 'hold', or suspended for various reasons.

 

 

 

None of which are 'we are going to stop you having access to your money for no good reason, just because we say so'.

But, I only worked with billions of corporate money for 41 years, what do I know?

If you don't mind me saying so, you sound a bit paranoid on the subject.

Edited By David Standing 1 on 03/12/2018 22:27:47

 

I know, you've mentioned it before.

Being in the thick of it has obviously served you well, so I wouldn't expect you take what I say lying down.

Professor Werner seems to know his stuff – from about a minute in.

 

 

 

Edited By blowlamp on 03/12/2018 23:44:28

[Paul KempParticipant @paulkemp46892]

Posted by Jeff Dayman on 03/12/2018 23:04:27:

ENOUGH

This has nothing to do with thread topic and is quickly degenerating into a bun fight. Moderators, please.

True – but normal, in five pages there has only been one or two posts that properly address the original question the rest are opinion and speculation. I conclude that no one on here has recently bought a new myford which was the question posed by th OP. Perhaps that's because no one can afford one or justify the cost over a cheaper product? On the sub topic, interesting I think that when paid direct to the bank most probably it will go to a non interest earning account. The bank are then busy lending that money to others at high rates or busy playing the markets with it until you want it back!

But you are right, quite enough and time to desist.

Paul.

[HopperParticipant @hopper]

I've bought new Myford parts and they seem to be of a quality as good as they ever were. Presumably a lathe built from the same quality parts would be of the same quality.

[JasonBModerator @jasonb]

As said enough armchair banking. Let’s keep it about My fire and lathes.

[John HaineParticipant @johnhaine32865]

Regarding Myford quality. I bought an old but unused vertical slide from my favourite market tool stall some years back. When I finally wanted to use it for a project I discovered that the top bearing surface of the base wasn't parallel to the bottom but a degree or so off. And my VMB, though a great workhorse (and not made by Myford but badged and motored in the U.K. by them)' when I came to tram the column one of the holding down bolts went through a blowhole in the base casting and was held in by the paint. Some QC.

Nevertheless I have bought 2 new Myford machines and remain relatively happy with them, but wouldn't buy again if I could.

[Roger Williams 2Participant @rogerwilliams2]

Hello all, a young relation of a friend of ours recently coughed up well over a £1000 for one of the new I phone X's , so the Myford would be good value . Another friend coughed up £12000 for a gastric band for one of her daughters, who was HUGE , and now fat again. Our friend paid thousands for her other daughter to get married in Barbados, now seperated ( they knew the husband to be was an kn** head). So the lathe would be a no brainer.

One thing that hasnt been mentioned about the Myfords, is the sheer joy of having the carriage handwheel on the right, where it should be.

Good health to all.

[Mick B1Participant @mickb1]

Posted by Roger Williams 2 on 04/12/2018 09:10:08:

…

One thing that hasnt been mentioned about the Myfords, is the sheer joy of having the carriage handwheel on the right, where it should be.

Good health to all.

Now, that's just an opinion. I Iike it on the left on my Warco, so I can easily touch-on a face and read the handwheel dial – which in Myford's case you have not got – just by looking down on it.

My Speed 10 had a handwheel dial on the far end of the leadscrew, but that wasn't as convenient.

But you're right about some folks' cockeyed spending priorities…

[not done it yetParticipant @notdoneityet]

Posted by JasonB on 04/12/2018 07:07:42:
As said enough armchair banking. Let's keep it about My fire and lathes.

So, what exactly what is it about your fire that you want to discuss on this thread?

[HopperParticipant @hopper]

Posted by not done it yet on 04/12/2018 09:43:16:

Posted by JasonB on 04/12/2018 07:07:42:
As said enough armchair banking. Let's keep it about My fire and lathes.

So, what exactly what is it about your fire that you want to discuss on this thread?

His burning passion for Empire-made machine tools.

[JasonBModerator @jasonb]

That’s what comes from using the phone as I’m on site today so be good

[John HaineParticipant @johnhaine32865]

…the sheer joy of having a handwheel on the right of a metric lathe calibrated in mm on a 1/8" pitch leadscrew?

[Chris TriceParticipant @christrice43267]

Oh no! Metric calibrations on a 1/8th pitch leadscrew! Civilisation as we know it may collapse! Fortunately never bothered me as I mastered basic maths and converting imperial to metric (I work in both) plus the topslide can be set parallel with the bed and its calibrated metric for important measurements so I see no issue. Mine's a metric long bed version with an induction hardened bedway although I confess to having fitted a DRO last year and can count on one hand the number of times I've used the hand wheel since. Like I said before, I've added all the accessories I want (DRO, Graham Meek thread cutting clutch) to aid production and as a result I love using mine even more than before. It always amazes me the number of people who want to knock Myfords when the truth is Myford owners don't care what lathes the knockers own or use.

[Neil WyattModerator @neilwyatt]

Thanks Jason.

Suffice to say I've just visited my inbox to find multiple complaints about the irrelevant discussion.

Neil

[Brian AbbottParticipant @brianabbott67793]

Wish i never asked now..

[Mick B1Participant @mickb1]

Posted by Brian Abbott on 04/12/2018 13:30:56:

Wish i never asked now..

Aw, c'mon – you must've known it'd provoke some discussion and comparisons.

[Author]

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