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House Price Crash Forum


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About Prescience

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    HPC Veteran

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    Accountant, businessman and company director.<br /><br />Writer and analyst on global economics and business.<br />
  1. Nonsense! ONS stats showed in the past three months, EU member states exported £23.8 billion pounds more to the UK than the UK exported to EU states. Many top major UK companies are owned by EU and US investors. You are therefore suggesting the sclerotic EU economy, already mired in unemployment, disastrous growth and forward prospects, will not just shoot itself in the foot, but blow both feet off and its legs as well, as a spiteful reaction? Even blobby fools such as Hollande aint that stupid! In any case, such hostile actions would immediately trip hostile reactions. Since absolutely
  2. Oh very amusing........... Not. Clearly you utterly lack the ability and focus to comprehend analytical synthesis.
  3. Not quite sure where you are going or what you are suggesting? In essence it would seem you are proving my core posit: the market is rigged against free supply and demand and against the interests of a majority.
  4. UK Mortgage Debt: 1,278,702,000,000 gross outstanding. (Source: B of E) 20% value loss = £ 255,740,400,000 30% value loss = £ 383,610,600,000 “The scale of the support currently provided to UK banks has fallen from a peak of £955bn to £512bn, but the amount of cash currently borrowed by the government to support banks has risen by £7bn [to a total of £124bn] since December 2009. The scale of the support currently provided to UK banks has fallen from a peak of £955bn to £512bn, but the amount of cash currently borrowed by the government to support banks has risen by £7bn [to a total of £124
  5. Did you know, Soviet Russia reached a cabal-type agreement with De Beers/CSO and set-up its own marketing operation in Zurich? They sold exclusively to De beers. Later on, Russia developed artificial stones and mixed these in with the recovered stocks. De Beers knew this and continued buying. Well, it's taken a long time for "Fundamentals" to kick in! De Beers have been contriving the global diamond market since the 1800s, since Cecil John Rhodes managed to assemble his monopoly in Kimberly! Fundamental should tell us the USA is broke! Considering its total debt. Yet it still plods along
  6. That is not what I am suggesting. I am however suggesting the Government, B of E and banks would move heaven and earth to prevent any serious depreciation of house prices, since such would seriously affect bank's asset position; remebering, despite Basel 2 and "Stress Tests" and because of out-of control Fractional Reserve Lending and banks creating credit money like fun, a major hit to their assets could perhaps would trip a meltdown of the essential financial and monetary systems which keep the whole UK charade afloat. Therefore, Government, B of E and banks would do almost anything (at ev
  7. OK I'll guess. World Trade Forum? Westminster Tossers Folkclub? wtf, language code for the Watiwa language, a Trans–New Guinean language world taekwondo federation ????????? Some substantative debate would be rather more welcome, perhaps.
  8. Care to dignify your unconnected gibberish with some empirical evidence? Facts and figures? Doesn't the sheer reality of UK's residential housing stock representing 63% of TOTAL capital value, enjoy any significance to you?
  9. Many members of HPC seem hellbent on believing a price crash is just around the corner... Some proponents of such believe the UK residential property market has been restricted by excessive planning policies and preservation of the much vaunted Green Belt. They suggest that if the suppply of housing approached demand, then prices would fall, basing this argument on the core economics law of Supply & Demand. There is a core flaw to such hypothesis, sadly. Consider the ONS annual analysis of Britain's capital wealth, just published. http://www.ons.gov.uk/ons/rel/cap-stock/the-national-ba
  10. Oh, real distribution of wealth occurred indeed: via taxing the middle earners to pay for the social state et al, whilst the uber rich sheltered their wealth. Which is precisely how and why, for example, Gerald, Duke of Westminster sits on leashold and freehold assets of in excess of $12.i billion........ If IHT in all its incarnations had actually worked, then this wealth pot would have been utterly impossible to achieve. However, more to the point, you posited the social state was introduced to prevent a sort of 20th siecle Peasant's Revolt. Which clearly didn't happen................ on
  11. Perhaps one must separate "Debt" of real specie, from "Debt" related to Credit Money Creation: i.e. illusory "money"? In the case of "Money" created by sleight of hand, rather than from honest toil and real measurable growth, (e.g. money borrowed from friends, parents etc), then Mickey Mouse money aint money! And this is surely the core problem? The Western financial fiat monetary system has been created by a mix of venality and chicanery and urgently needs to collapse, that social order might be returned. Otherwise, we face revolution, anarchy and a complete collapse of ordered society.
  12. In order to properly understand "Communism", one must first, study the works of Dr Karl Marx. Most commentators on the topic do not. Marx concluded, early on, if he was to realise his dream then he had to harness the joint power of what we might call today, SME owners as well as workers. Most nation states which call their system "Communism", are lying; their imposed system is simply a combination of collective inefficiencies added to a sort of quasi-Fascism. Soviet Russia proves the best exemplar. "For each, according to his needs: to each according to his abilities!" Dr Karl Marx
  13. I wrote and published this in 2005. For quite some time, I have been considering the matter of politics, political propaganda, the unconscious ignorance of the majority of the mass British voter and how one would address the problem of starting a new political party and actually securing a huge landslide victory. I offer the following, as a sort of blueprint to success. Rule One: Find a multi-billionaire, who will provide almost endless funds, on the publicly stated grounds of "Assisting to promote a true democratic restoration": and ensure that their real reasons for payback are totally
  14. Not quite. It is an increase in the supply of money and equilibrium in GDP: or a contraction. Classically, Too Much Money Chasing Too Few Goods. Now if you read what I wrote again: "The key to real monetary inflation is wage and salary rises." and consider, then you will see that by "Key" I mean increases in wages are a resultant. If real true inflation is raging then the cost of living increases, across the board: it cannot be predicated or indicated by the increase in raw materials for fizzy drinks! Question: between 1997 and 2008 (Nominally) you would agree, I'm sure that house price i
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