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House Price Crash Forum

dammfoolman

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Everything posted by dammfoolman

  1. Another must watch Edit: Updated Link
  2. Yep I heard him say that too. Out of both sides of his mouth as well
  3. I really hope they get in. Its only then people will wake up to the fact that Labour should NEVER be trusted with the nations finances and that the blue lot want to keep the status quo. Its growth from the ashes of UK PLC once Liebour bust the country that this country can be great again.
  4. Note the change in redundancy terms from 4 weeks per year reduced to 2 week year ..
  5. The elephant in the room has grown so big.. it is the room http://www.telegraph.co.uk/news/politics/conservative/9962079/Iain-Duncan-Smith-weve-given-up-trying-to-cut-benefits.html
  6. Yep. When they said they would do whatever it takes, this is what they ment! Using the tax payers balance sheet to keep housing prices high jeeez
  7. Bought a Endowment policy from a spiv financial adviser in 1984. Apparently he said he could magic my £50 month to Standard Life into a minimum of £40,000 with a high expectation it payout more than that. My situation is summed up by one of the comments Fast forward to today, payout due in May projected £26,072.15 :angry: Glad I pulled that black and yellow handle between my legs and Sold to Rent in 2007
  8. Nick Clegg has been proven to be totally irrelevant politically . He and his party will be wiped off the face of the land at the next election. Nothing to see here .. move along ..
  9. The discredited institution list had another notable entry yesterday Police Banks Newspapers Politicians Education -> NHS (Stafford hospitable report) Have I missed any? It started with the financial crisis but little by little the fabric of institutions once considered the bastions of our society are falling apart
  10. venezuela repatriating their gold now the Bundesbank asking uncle sam to check its holdings. What makes me fink that we is close to the booyakasha moment .. init
  11. WOW. the Bank of England were in pole position from 2008.. We is fooked I tell ye
  12. Just posted this in the charts section of the site. You would think a country with minimal space to build houses would force prices up eh? I ain't taking about blighty, think again ..... look what happened in Japan after their boom and bust http://www.zerohedge.com/news/housing-recovery-lessons-japan-one-chart BTW: Population of Tokyo - 8,731,000 (2008) Population of London - 8,174,100 (2011)
  13. Housing Recovery Lessons From Japan (In One Chart) http://www.zerohedge.com/news/housing-recovery-lessons-japan-one-chart
  14. Ask yourself the following question. Why would the government throw the kitchen sink i.e. tax payer subsidies at housing when the country is on the brink of financial collapse? The answer I would suggest indicates that new buyers of over priced dwellings are needed to keep the WHOLE system afloat. [Edit] Spelling
  15. Agreed! Once people realise that neither party has the answer the the brown stuff will hit the fan!
  16. Ok, I'm not an economist but Keynesian stimulus ain't the solution. I spent 6 years in Japan and saw those bridges to nowhere and walked the expensive marbled tiling to Shinjuku station in Tokyo Tell the people the truth that the last 15 years have been an illusion based on debt and if we keep borrowing the can will be thrown back at us! Tell the people that to prosper that we need to make things that people want to buy which means a little less service jobs and more manufacturing Tell the banksters to f-off and let all those that took risks to get their fingers burnt. Stop propping them up and use the money to protect depositors. Maybe then they will make prudent future investments with moral hazard on the cards if they aren't to coin a phrase from Brown *ahem* prudent! Flat tax rate, reduce corporation tax al la Ireland, encourage business to invest in Britain! Raise interest rates! Stuff it, if people who have eye watering debts get burnt then so be it. I'm fed up of propping up the system with my savings. Capitalism needs capital from savings and ZIRP ain't doing shit! I need to put a lot more thought to right the wrongs of recent years but in summary lets do the same as Iceland, take the pain now, the system needs a massive reset and then we can rebuild the economy from the ashes :angry:
  17. http://www.bbc.co.uk/news/uk-politics-17087726 The comments are good
  18. Shipping Rates Go... Negative http://www.zerohedge.com/news/shipping-rates-go-negative
  19. If someone thinks that sticking the word "APPRENTICE" in front of any job description is going to get us out of the brown stuff... keep looking ..
  20. The ratings agency Fitch has delivered more grim news for Britain's banks after downgrading the taxpayer-backed lenders Lloyds Banking Group and Royal Bank of Scotland. http://news.sky.com/home/business/article/16088454
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