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House Price Crash Forum

thefinalbear

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Everything posted by thefinalbear

  1. Indeed.......forsee any problems with using these systems?
  2. Untimately what we do is cut down a tree. Cut it into a million pieces.......and then call it 1 billon pounds.
  3. and they have a You Tube channel....... http://www.youtube.com/user/misesmedia
  4. or the whole Mises site: http://mises.org/ I'm a big fan of the Austrian school.
  5. Real gold has no counterparty risk - wherein lies the attraction. Fiat currency cannot ever have this quality.
  6. http://www.guardian.co.uk/money/blog/2008/...sjudgementdayor http://www.independent.co.uk/news/business...ths-826288.html http://ftalphaville.ft.com/blog/2008/06/24...er-double-bill/
  7. I quite liked this article in the Asia Times today (Richard Daughty always writes like this - its just his style). Central Bankers Go To Austrian School? By: Richard Daughty, The Mogambo Guru - The Daily Reckoning Probably like you, I have spent a lot of time in bars educating the common people found there that central bankers and most economists of the world are a corrupt, moronic and treacherous clot of intellectual traitors who don't know squat about economics, and instead believe strange, new equation-based theories that have names like "General Dynamic Integrated Analytical Equilibrium
  8. My point is that the value of all currencies revert to zero in the end. So I wouldn't call them wealth. Thats all. No I'm not. House prices are basically a function of what the banks are willing to lend. As to banks..........do we still have £1 notes?? Are you Scottish?
  9. Try this for an experiment. Take a box. Stuff it with all the currencies of the world and an equal value in todays money in lead. Wait 100 years and open the box. The lead will still be worth its weight in lead. The 'paper wealth' you put in will be toilet paper.
  10. I won't argue with that. Now lets define wealth: from Wiki: I would not describe any fiat currencies as having these qualities. The problem is that the amount of claims in banks or on paper keep increasing at a seemingly expodential rate. Making the paper worthless.
  11. I think you might be confusing fiat paper money with wealth aliveandkicking
  12. I know its hard to understand aliveandkicking. Take solace that even J K Galbraith had trouble understanding it too:
  13. Its sweet........I've been following these stories for a while. Some of the comments form the article are priceless...
  14. Exactly..........now ponder..... What happens if they lose the form?
  15. These are some good You Tube Vids which will give you a taste of how it works: http://www.youtube.com/watch?v=vVkFb26u9g8...feature=related http://www.youtube.com/watch?v=LgkYjFYr2QI...feature=related
  16. The scary thing is that this time it will be in the blink of a eye. Before you know it the chance to act will be gone.
  17. Not quite..........you'll get a rare chance to question the foundations of society. And essentially you'll get a choice. More of the same or a new way forward....... By a wide margin......you will be strongly encouraged to vote for more of the same.
  18. Of course they'll find a decent medium of exchance.....it'll be gold, silver or food. And we may well be under a hedage for a while. ......and the bankers won't take real jobs quitely.......... what worries me most is the transitionary period...it'll be harsh.......there will come a time when a choice will have to be made.......not just by Britain but by the rest of the world as well.........and it will either be a choice to embrace sound economics (and by that I do not mean eternal unsustanable defecits).........or a return to more of the same (and that will mean currency consolidation and
  19. hold on there fella.......without any debt there is no money supply............the only thing holding up Sterlng (or any fiat currency) is the cupon payment.........
  20. Lets push it and see what happens...........EVERYONE BUY GOLD BULLION IN PHYSICAL FORM - NOT ETF - there.....that should be enough to get the thread thrown away..........
  21. A lack of mortgage availability: yes But its now also a distinct lack of mortgage demand (unless you want to refinance). E.g Why should I borrow so much to buy that house that is only going to fall further in value? Demand and availability boosted prices on the way up. Lack of loans and lack of demand will hammer prices on the way down.
  22. Barbarians at the Gate: How the old order fell and all that glistened was gold.
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