Setantii
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Posts posted by Setantii
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If there is a massive bubble in the Bitcoin market and it implodes could it affect the real economy?
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Either the principle of parliamentary supremacy exists or it doesn't. The theory behind the ruling was that "triggering Article 50 would fundamentally change UK people's rights - and that the government cannot change or do away with rights under UK law unless Parliament gives it authority to do so." (quote taken from BBC). So by the same token when the E.U passes a law that changes peoples rights said law should have to be passed by Westminster surely?
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Blue Labour and Red Tories banding together to form a new 'Centrist' party?!
Perhaps they should name it The Neo-Liberal Party, or maybe the 'Establishment' Party?
http://www.theguardian.com/politics/...-tory-mps-talk -
The global financial system is just a giant ponzi scheme that should have collapsed in 2008 but the global elites persuaded governments around the world to bail out the failing banking system, with austerity imposed on the masses to pay for it.
They preach capitalism yet when the banksters run into trouble they are bailed out by Government, showing total hypocrisy and avoiding the rules they impose on others.
However all the bailouts did was delay the inevitable. The (mainly western) world is drowning in unpayable debts as Greece know to their cost. The system will eventually fall like a house of cards. I thought Greece would be the trigger but now it could well be Brexit (although the Italian banking system is on the verge of collapse and Deutsche Bank has been rated the biggest threat to the financial system by the IMF.)
With this in mind will the millions of working class Brexit voters become the fall guys, blamed for any collapse and castigated for the crimes of the financial elites who flooded the world with toxic debts? -
The more the Establishment pour hate on the man the more appealing he becomes, to me at least.
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I've often thought that when a bank makes a loan all the interest money needed to repay the loan in full should be created by the Government and spent into the economy.
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My biggest worry is that anybody who voted for Brexit will be blamed for the global ponzi scheme bursting and the banksters will get off scot free, having found a convenient scapegoat.
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Thought this might be kind of relevant in understanding Landlords reluctance to accept the game is over for most of them.
People unlikely to change their mind, even when facts contradict their views - studyhttps://www.rt.com/news/322698-people-change-decisions-study/
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OMG another classic post - Apparently renting out a house to a granny who is so disabled she has a stair lift fitted in the property. However it broke and she couldn't afford to repair it (wouldn't that be a landlords responsibility?), so she has spent months literally crawling up and down the stairs. Then one day she fell down stairs and died from her injuries. The poor landlord is now concerned they won't get the rent that was owed?!
http://www.property118.com/my-tenant-has-died-and-any-advice-would-be-greatly-appreciated/81732/
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Another classic post on 118
Laura Delow - "Although many believe Jeremy Corbyn doesn’t stand a chance of winning at the next election (assuming he’s still party leader), what is worrying is the number of young voters (many of whom never bothered to vote in previous elections) who will vote next time around and as a result, this dangerous animal may have a chance of winning. Just because we believe he’s a communist nutter, doesn’t mean to say that the rest of the electorate feels the same, especially if they feel the Tory’s are only looking after the well healed, irrespective of whether this is true or not. Many a voter is envious of those who have worked & saved hard & sacrificed much to build a property portfolio or a large pension fund or other form of savings. JC is saying to the less well off what they want to hear just like Stalin did in the early 1900’s. Even if JC’s reign is short, there are a number of party members who agree with him & it’s only a matter of time before Labour gain control of UKPlc again & crucify the private rental property sector by whatever means possible eg a tenants right to buy at a discount from a private landlord or no tax break on mortgage interest at all or an onerous Investment Income Surcharge tax reintroduced (previously 15% in the 70’s under Labour) which would also effect all investment income whatever its source, or to abolish tax relief on repairs etc etc the list goes on. Even the Tory’s have started to chip away (in a big way) at the private landlord sector having introduced in the last Budget to abolish the 10% Wear & Tear Allowance & restrict Buy to Let Mortgage interest relief to the equivalent of 20% (being weaned in from 2017). It is dangerous to ignore the warning signs. Many landlords are proving they’re apathetic having still not signed the e-petition regarding the restriction on mortgage interest (this doesn’t affect me personally as my portfolio is fortunately unencumbered but it indicates the way the wind is blowing if the Tory’s can stoop so low to introduce this). In a nutshell I think there’s a bigger problem looming as all the indicators point to private landlords being a major target (no matter which party is in power). If we collectively don’t get more aggressive in a pro-active way, we are in serious danger of being on a back foot & being annihilated & becoming extinct or at worst, making us so angry that some more desperate or less scrupulous landlords will resort to Peter Rachman & Nicholas van Hoogstraten methods (don’t forget the old adage of desperate people do desperate things). I personally will be looking at ways to extricate myself from what I can only foresee as a very miserable future. This is not because I am scare mongering as I abhor this negative trait in others. It is purely & simply a fact of life I think we face in that UKPlc needs to get more revenue in (and this will only worsen over the next few years) & landlords will be an easy target as they are perceived as a rich seam to exploit (property being a key factor in UKPlc) no matter how much us Landlords sacrificed financially, emotionally & time wise to claw our way there. To ignore what “might” lay ahead and to blindly believe none of the above can possibly happen, is foolish. Who foresaw the recent budget announcements – from a Tory Government? I doubt none of us. Does anyone have an idea how we Landlords can collectively get ahead of the curve on this & control (not just influence like the National Landlords Assoc & other similar bodies do) our futures no matter what party is in power, rather than wait for further things to happen to us & our only (re)action is that we end up signing yet another e-petition after another?"
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Nice to see the blank looks across the rest of the panel when he mentioned fractional reserve banking.
Yeah, Dimbleby said something like 'eh? can you explain what you mean by fractional reserve banking?' Audience had no idea what he was talking about.
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UKIP's Douglas Carswell actually mentioned that banks create credit (money) out of nothing when they lend it out - I nearly fell off my chair!
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Anyway let's check the real war crimes of the Putin's Fascists:
http://www.theguardian.com/world/2015/apr/10/russian-fighter-ukraine-motorola
I killed 15 prisoners of war in Ukraine, claims Russian fighterHead of separatist Sparta Battalion says he shot prisoners following the battle for Donetsk airport, prompting war crimes investigation by Ukrainian government.
And what proof is that exactly? Some newspaper says some guy recorded on tape boasts he killed 15 people. These sick Nazi bro's of yours are happily filming themselves nailing somebody to a cross!
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Couldn't make this crap up, 300 U.S troops are currently in Ukraine training Neo-Nazi's to fight the pro-Russian rebels . .
http://america.aljazeera.com/…/no-end-in-sight-to-ukraine-c…
And this is an example of what this Nazi scum does to prisoners, nail them to a cross and burn them alive!
http://ukraine-human-rights.org/ukra...fascist-alive/
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@northshore
We drive money creation. We create it.
I stand in a bank and say... 'With my labour and hard work I will create £250,000 to buy this house. By my own sweat and tears, by god I will do it!" and so it is created.
And why not? I can't think of a better way of creating money, can you?
What's wrong with that?
If the banks create money (credit) from nothing, yet nobody ever creates the interest needed to repay these loans in full, then how, as a society, can we ever get out of the increasing cycle of debt?
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Silly nonsense. Cancelling everyones mortgage is great if you were one of the idiots who took one on that you couldn't afford, I expect they'd vote for that. What about those who pay their way? Who don't take on debt obligations they have no intention of meeting? Give the money/power to idiots and you have idiocracy
How about instead of writing off mortgages everybody in the country is given say £25,000 which must be used to write off existing debts or if you are fortunate not to have that much debt you get to keep the extra, so anybody with no debt gets £25,000 for free?
TBH if it was up to me I'd nationalise the banking system and only loan out new credit for things that actually produce something like new houses or new machinery. I'd also create the interest money needed to pay back the debts and spend it into the economy.
I'd also throw in a law that bans anybody from owning more than two houses. Obviously this would crash the price of houses and send a lot of people into negative equity. If that is the case I'd allow them to hand back the property if they want with no debts attached or freeze interest payments on the mortgage if they want to continue living in it.
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MIND-BLOWN!Russell Brand talks to David Graeber who wrote one of the best books I've ever read. They discuss the ponzi-scheme that is the current global economic system and explain how the debt based money system is controlled by the banks. They also talk about the inevitable debt cancellation that will have to come and giving everybody an individual basic income. Wish I could have been involved in this conversation.
So Brand and Graeber - in your opinion are they just spouting nonsense or offering real alternatives like I believe?
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Name and bank maybe being kept secret if there are further trials to come.
But I thought putting the name of the accused employee and bank out there might lead to more victims or whistle blowers coming forward?
That's the excuse used when they name people accused of sex crimes at least.
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Thinking about it I can fully understand why an awful lot of Scottish folk want out of the U.K. We are a nation being crapped upon from a great height by the politicians, banksters and spivs who run our country. The City of London is a cesspit of global financial fraud and a casino where these financial warlords gamble other people’s pensions and savings, awarding themselves huge bonuses when they win but when they lose passing on the losses to the taxpayer. Then their political cronies use these bailouts as an excuse to force austerity upon the masses and slash the Government spending on the poor and needy. The press as defenders of their corporate masters are always there to defend this bull***, finding convenient scapegoats for us to vent our anger upon. The financial complexities of a flawed, utterly corrupt and fraudulent global financial system are hard to understand but we can see its consequences all around, pay freezes, job insecurity, inflation (or ‘stealth-flation’ where the price doesn’t increase but the product is stealthily reduced in size and weight). Then as icing on the cake we find out that The Establishment are not only greedy self serving individuals but also include many paedophiles whose crimes have been covered up to protect the status quo. If you were actually given an opportunity to break away from this kind of bull**** and the chance to try and build something better wouldn't you jump at the chance?
That said the S.N.P have let their supporters down. They demand independence yet still want to retain use of the British £. How can any country be independent when they rely on a foreign central bank for their money supply? Not only that but given the chance they'd jump straight into bed with Brussels and lose any new found independence to the bureaucrats of the E.U! It's completely barmy.
If there is a YES vote Cameron will be ousted as P.M mark my words. That's why he's currently running around like a headless chicken, throwing all kinds of sweeteners to the Scots to try and make them stay, otherwise he'll go down in history as the Prime Minister who destroyed the United Kingdom. When he first called the Nationalists bluff he was so confident it would be a NO vote he refused point blank to have a third option on the voting slip of more devolution for Scotland, which would have offered exactly the same things he's now promising them to convince them to stay.
Our political class do not understand how much they are despised by the average person on the street and never for one moment thought that this vote might actually go against them! Also the turn out is expected to be over 90%. Just shows that when voters know their vote might actually change something they will come out in droves -
Can't believe nobody has started a 'Black Friday' thread yet.
I think the markets will go into a panic if there is a YES vote so just putting it out there to see if one of these predictions will will turn out to be correct for once.
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I'll probably end up voting Green because they seem like the only party who will take on the banksters.
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How on earth is it physically possible to lose 1600 troops while only killing 48 opponents. That's bizarre.
BTW, as far as I recall, the pro Russia support in this region was only 20 to 40 % before the conflict broke out. I guess opinions have hardened a bit and that may have increased, but there should still actually be a majorit of pro Ukrainians. What has happened to them? The region seems to be treated as if it's 100% pro Russia now.
I wonder how many civilians have turned their support towards the separatists because of the bombing the Ukrainian Army has been carrying out?
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*GRAPHIC CONTENT WARNING*
Can't verify if these are legit video's but they look pretty convincing to me.
Sick Right Sector ******s execute a prisoner.
http://ukraine-human-rights.org/right-sector-hangs-ukrainian-citizen/
And another execution, man has throat slit while his wife is in the room.
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Also bear in mind that there is a substantial neo-nazi movement within Russia and these pro-Russian sepratists appear to fall within that group.
I agree, there are Far-Right activists on both sides, being used as pawns by the corporate oligarch's and banksters of both Russia and the West. Problem is how do you reign in these Ultra Nationalists now they are armed and up for a fight? (hypothetical question not necessarily directed at you
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The Bubbly Bitcoin Thread -- Merged Threads
in House prices and the economy
Posted
Well my son and his friends (all just leaving their teens) are now talking about bitcoin (they have never shown any interest in economics previously) wondering how they can get hold of any - for me that's a 'shoeshine' moment.