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House Price Crash Forum


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Everything posted by thefinalbear

  1. WASHINGTON—The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct. What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world's largest economy. "Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…" said Ber
  2. Ahh the Economist.......as always its answer to everything is..........another tax.
  3. Ha ha, He'd be right. The amount of people who are starting conversations every day along similar lines if definately increasing. I would say that a lot of people are starting to question things now in a way they wouldn't have even a year ago.
  4. The Broadcasting Commission of Ireland said today broadcasters will no longer be required to give equal airtime to the opposing sides in the forthcoming Lisbon Treaty campaign. Following the first Lisbon Treaty some broadcasters had complained they were “strait-jacketed†by the BCI rules. Today’s BCI statement says there is "no requirement to allocate an absolute equality of airtime to opposing sides of the referendum debate during editorial coverageâ€. However, it notes that the proportion of airtime allocated to opposing sides “must be fair to all interests and undertaken in a tra
  5. This is so funny it makes me weep. HMRC can hardly fuction properly at the moment. Year after year they have brought in consultants (Accenture I looking at you) who have got rid of experienced workers and practices (which worked), then hired kids and put in place production line processes. If they moev everything to India then I reckon the whole thing will just grind to a halt.
  6. Sorry if this story has already been posted..........its just terrifying. As an ex-Brit, I’m well aware of the authorities’ love of surveillance and snooping, but even I, a pessimistic cynic, am amazed by the governments latest plan: to install Orwell’s telescreens in 20,000 homes. £400 million ($668 million) will be spend on installing and monitoring CCTV cameras in the homes of private citizens. Why? To make sure the kids are doing their homework, going to bed early and eating their vegetables. The scheme has, astonishingly, already been running in 2,000 family homes. The governmentâ
  7. You know how you keep reading taht inflation is 'going down' or 'stable' but you can't shake the feeling that you are getting less for your money each month? This transscript of an earnings call last June give you some insight into what goes on.........(if quite funny as well) from: Wall Street analysts. Some applauded the move, upgrading the stock from "Earnest" to "Sneaky", while other Wall Street analysts found the whole thing confusing. Minyanville obtained a transcript from a portion of that previous analyst call. Analyst: So let me see if I understand this. The price of your
  8. anything of limited supply, easy to store, universally acceptable....... thats undervalued..............
  9. There is more here: http://www.dollarcollapse.com/iNP/view.asp?ID=102
  10. and skipping forward to stage 12........12. Global New Currencies introduced http://www.plata.com.mx/mplata/articulos/a...fiidarticulo=96 and this firm had an add on the front page of the FT today..(bottom right, full colour) Sterling Off
  11. If I was a bank what I would do is massively increase bank charges and then wait until the bank account holder eventaully defaults to the tune of thousands of pounds on their overdraft and then sell the bad debt bank account to the Bank Of England...............oh wait.....this is what they have been doing.
  12. Dissipated Youth: I bought your avatar as a poster the other day.
  13. Plan 'C' http://www.mybudget360.com/the-doctrine-of...will-be-paying/ The Doctrine of Preemptive Bailouts and the Biggest Bailout you haven�€™t Heard About: The U.S. Treasury Plan C and the $3.5 Trillion You will be Paying. Posted by mybudget360 in bailout, banks, debt, economy, government, us treasury 0 Comments ..Last week a story which gained very little traction hit the financial newswires. The U.S. Treasury is working on an internal project informally called �€�"Plan C�€� which seeks to deal with further problems in the economy before they occur. The anonymous repor
  14. Companies are alwys getting into legal battles with each other over the terms of contracts. No one raises an eyebrow over this behaviour (indeed it is applauded as 'good business'). I don't see the difference in an individual doing it.
  15. I'm afraid I have to disagree. If the banks drew up contracts that turn out to be leaglly uninforceable then they deserve whats coming to them. Its not as if they don't have the resourses to obtain decent legal advice. The real reason the banks are fighting this is that they will be forced to write off the debt and remove it from their books. Currently they are better off holding it (even if people are not paying) and pretending that people will start paying them again. Either way - the net effect is the same. No one is going to be paying these debts back. The banks would prefer to play make
  16. I used to post here quite a lot. Recently I've seen quite a lot of posts here and in the press with all this 'green shoots' nonesense. Here are10 short reasons why house prices going down, down, down. 1. Bank lending. The wolesale market is finished compared to its previous form and is unlikely to come back in the same way. 2. Interest Rates: Currently below their long term trend. This will change. 3. Council Tax. Above inflation increse year after year puts another squeeze on affordability. We gotta pay those council pensions somehow. 4. Utility Bills. Seriously - How high can they go? Do
  17. Read these quotes. Then decide if you want to buy. http://www.investmentrarities.com/famousquotes.html
  18. This post is enough. Plenty of stuff appears here just days before it hist the papers.
  19. Have just been speaking to a friend. Apparently all Royal Bank of Scatlnd staff in the Manchester office who don't currently work on the phones (back office etc) are having their jobs moved to India withinthe next 2 months. Lots of tears etc....quite a few have RBS mortgages as well! They also have to help train the new Indian company. All of them have bene told not to speak to the press, and are apparently being berated for 'not having a positive attitude' Kind of sucks when the taxpayer is proping RBS up and they get to move jobs abroad.
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