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Everything posted by Bloo Loo
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The Bubbly Bitcoin Thread -- Merged Threads
Bloo Loo replied to NatterJackToad's topic in House prices and the economy
trying to be technical about nothing is the sure sign of a true Ponzi. -
Mirror : House prices on the brink of collapse
Bloo Loo replied to Rentier's topic in House prices and the economy
lending. It is the cause and the cornerstone. -
The Bubbly Bitcoin Thread -- Merged Threads
Bloo Loo replied to NatterJackToad's topic in House prices and the economy
So did Mr Ponzi. And many many others who thought they were rich and lost it all on a scam exchange. Not only that, having just one Bitcoin IF the world accepts the currency as THE World currency, would make the holder one of the richest 0.01percent...and that aint going to happen. -
The Bubbly Bitcoin Thread -- Merged Threads
Bloo Loo replied to NatterJackToad's topic in House prices and the economy
What I see time and again in the safe bitcoin space is fraud, loss and dissappointment after the hype. -
Tories admit that the housing market is broken
Bloo Loo replied to Dave Beans's topic in House prices and the economy
we need bigger loans..the banks just arent lending anymore...so there. -
Tories admit that the housing market is broken
Bloo Loo replied to Dave Beans's topic in House prices and the economy
or falls would be better...indeed, the AST accomodates the pricing issue already. its just that Landlords in the main arent interested. -
Negative equity does not equal cant pay.
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The Bubbly Bitcoin Thread -- Merged Threads
Bloo Loo replied to NatterJackToad's topic in House prices and the economy
keep them till it becomes currency and your holding will make you one of the richest people on the planet. 21 million BTC between 9 billion folks..... -
The Bubbly Bitcoin Thread -- Merged Threads
Bloo Loo replied to NatterJackToad's topic in House prices and the economy
They do it for the age old reason. £1.99 is cheaper than £2.00....the brain feels £1 v £2...reality shows virtually no difference, but it is people we are dealing with, not machines. -
that is how the law works. Stated cases will remain on the books, common law too. Much Euro law is just codification of political direction, rather than necessary to the daily lives of people. Much of it is not even enforced. Laws are repealed all the time. Authorities simply look to the existing and ancient laws/rulings to handle the gaps. We had no trouble dealing with terrorists in the past...Euro laws simply got in the way what with dealing with feelings and race tying up real police work with paperwork and stats.
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"The Maths Behind My London Property Investment"
Bloo Loo replied to Pieman Pieface's topic in House prices and the economy
actually, the "other peoples'" profit most. Bankers sell mortgages, -
Mortgage Backed Securitisation
Bloo Loo replied to uncle_monty's topic in House prices and the economy
I think what was missed at the time of this discussion was the massive shadow banking system with MBS at its root, the SIV at it heart. -
End of the property boom?
Bloo Loo replied to London Falling's topic in House prices and the economy
remember that "IO mortgage timebomb" Moneybox (R4 BBC) today were going on about it. Two cases where people were misled by the wording INTEREST ONLY MORTGAGE complaining banks want their money back at term. Ombudsman had 450 odd complaints, upheld only 70 or so... Of course, the poor woman didnt understand because she was old when she took out the mortgage in 1991, retired now. -
ONS salaries - income multiples - makes no sense
Bloo Loo replied to Optobear's topic in House prices and the economy
forget abroad...the banking ponzi is Global.- 34 replies
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Its not a tradition. It was a legal way to acknowledge you couldnt pay. Bankruptcy is the risk a lender takes lending and justifies the interest charge to reflect that risk. Never used to end after 1 year. That was a recent refinement as lending economy requires as many people get back in the game ASAP.
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He was disruptive at school too.
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Poll - Should Carney be sacked?
Bloo Loo replied to Bruce Banner's topic in House prices and the economy
You cant sack Carney for being incompetent. He has only one job in life. that is to rescue in secret his charges who make their living by selling loans to everyone and who, in times of stress, borrow to cover their overlending. He therefore only does lending and borrowing. And when he has infinite resources, he buys so the borrowers can get the cash they cant borrow anymore.