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Flatdog

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Posts posted by Flatdog

  1. http://www.telegraph.co.uk/finance/financialcrisis/9441120/Eurozone-break-up-would-trigger-1-trillion-of-QE-see-banks-nationalised-and-deep-recession-warns-Fathom.html

    At last we are having someone talking about real micky mouse money now £1trillion of QE to prop up bankers and govt spending. We are moving the billions already spunked down the blackhole and finally someone is talking about really big numbers and it's time to get the trillions out.

    Won't solve anything but at least we are finally discussing the really big numbers.

    Injin..your comments por favor.

  2. Well I may have no brain, be over 45, optimistic, with a degree and economics pedigree, I say house prices will fall a great deal in this country at some point and it it will happen quite ferociously and maybe unexpectedly when everyone is still saying 'they haven't and they won't now'. To allow that fall of 50% or more is something they have right in the USA despite th pain. They will reap the rewards in future if they handle it correctly.

    THE NEXT BIG THING - this autumn the US national debt will reach its new armageddon maximum allowed by law. There is an election afoot. There may be stale mate at the Congress and Senate at a time shortly before an election in November.

    Spain and Italy are going to fall this autumn. The damm cannot be held back. Our growth figures could remain negative, although our massaged unemployment stats suggest otherwise. The level of employment is actually falling since most jobs being lost are full time and most created are part time and low paid.

    The fact is a great big crash is actually what is needed to stop all this phoney money, print it, bail out mirage which can lead nowhere except curecny debasement and probable high inflation. Sure, it will bring pain and misery. But a bigger ballonn with a bigger bang will bring a greater misery. You can only blow a ballon up so far and then it will pop. The gravity defying property market here is a balloon being gently blown by govt policy and about to land in failure.

    Osbourne is proving to be an idiot. Shapps is an idiot. Cameron is a bystanding mouthpiece who does not see what economic history teaches. The reform of benefits and some of the education output is right, but little else is good about current govt policy. Base Interest rates of about 4--5% here would be much healthier, bring down rediculous property prices, reward savers and the elderly who will spend their income. Rents would fall along with housing benefit bills. Eventually there would be growth and renewal. The young would breathe again. At present they cannot afford to live in Britain and most want to get out. How is that healthy?

    If I had taken the time to put together a post such as this I would have said similar.

    Well done P E.. :)

  3. Sadly -- I think know this can't be so.....

    LIAR LOANS are endemic...... It's just that they're not being seen to be what they REALLY are..... LIAR LOANS....

    Let's face it: PRACTICALLY ANYONE who "buys" a flat/house these days - particularly in London or Southern England - HAS TO LIE....

    HOW ELSE CAN THEY "AFFORD" PROPERTY??? HOW MANY PEOPLE "EARN" AROUND £110K PA - WHICH IS JUST ENOUGH TO GET A MORTGAGE FOR ABOUT £350-380K...... THIS BUYS YOU A ONE-BED HOVEL ABOVE A CHIP SHOP PRETTY MUCH ANYWHERE IN THE SE...... AND LITTLE BETTER ELSEWHERE IN THIS GOD-FORSAKEN SH1THOLE OF A COUNTRY.....

    UNLESS THEY ARE A BANKSTER/V SUCCESSFUL ENTREPRENEUR/LOTTERY WINNER --- IT IS IMPOSSIBLE FOR THEM TO "BUY" PROPERTY UNLESS THEY TAKE OUT A LIAR LOAN....

    BECAUSE -- IF THEIR MORTGAGE IS ESTIMATED AT ANYTHING OVER 3.5 X SALARY [NON-LIAR SALARY]

    THEN IT IS A LIAR LOAN!!

    You are, as usual, entirely correct Mr Pebbles.

    However, what you do not address is the artificial social mediahypednonsense 'need' for people to actually be on the housing ladder...all else is deemed as failure in this godawful country.

  4. that comment sums up precisely why the old do not have perspective.

    they do not understand one bit that the monopolising/outpricing of basic necessities IS AN ATTACK....deliberate and premeditated depopuplation of the indigenous folks.

    this really is an act of war.(covert chemical/biological and socialogical....all given to you with a happy smiley face)

    some guys over in the US(namely the john birch society),saw this coming 40 odd years ago.that's why we need to side with them rather than the smiling assassins.

    Eh?

    Whatever, I kinda get your drift but think that you are directing it at possibly the wrong age group :huh:

  5. What are your views on the House of Lords?

    I say just abolish it altogether, I mean why bother?

    It seems to me it is just a politician benevolent fund for more attendance allowance and expense claiming.

    All they seem to do is delay things or table amendments to bills (on production of brown envelope with cash in?) ....

    If we are going to get it up the ass, once is enough!

    I guess that the House of Lords was established to filter and smooth out any rash decisions made by whippersnappers elected into the House of Commons.

    Not a bad idea really.

  6. This is what you get for your votes.

    Cameron family fortune made in tax havens

    http://www.guardian.co.uk/politics/2012/apr/20/cameron-family-tax-havens?CMP=twt_gu

    Osborne - LibDems said he engaged in a morally repugnant aggressive tax avoidance

    http://www.libdems.org.uk/news_detail.aspx?title=Oakeshott:_George_Osborne_dodged_%C2%A355,000_tax_bill_by_'flipping'&pPK=8f8308f3-ef19-46e4-9731-4ac2316f0b3b

    Grant Shapps

    Shadow housing minister admits taking donations from estate agent and four other firms connected with property industry

    http://www.propertyweek.com/news/anti-hips-tory-funded-by-property-firms/3113864.article

    Andrew Lansley bankrolled by private healthcare provider

    http://www.telegraph.co.uk/news/newstopics/mps-expenses/6989408/Andrew-Lansley-bankrolled-by-private-healthcare-provider.html

    Ex-PM Blair earning £2.5m a year as a consultant to a bank and tax position questioned

    http://www.independent.co.uk/news/uk/politics/blairs-company-paid-just-315000-tax-on-income-of-more-than-12m-6287001.html

    Ed Milliband angered about publicity surrounding £100k donation

    http://www.dailymail.co.uk/debate/article-2116481/Ed-Miliband-anger-100-000-donation-Egyptian.html

    Shadow chancellor Balls flipped home 3 times in 2 years

    http://www.telegraph.co.uk/news/newstopics/mps-expenses/5325590/Ed-Balls-and-Yvette-Cooper-flipped-homes-three-times-MPs-expenses.html

    Chancellor Darling

    http://www.guardian.co.uk/politics/2009/may/31/liberal-democrats-chancellor-parliamentary-expenses

    Home secretary Jacqui Smith claiming £100k saying her sister's spare bedroom was her main home

    http://www.metro.co.uk/news/648485-jacqui-smith-facing-the-sack

    So, not only do we have LIAR LOANS (courtesy of Eric)

    We have a LIAR GOVERNMENT with a majority of LIAR POLITICIANS who seem to favour

    the LIAR BANKERS..

    What a lovely country we live in.

  7. Anyone else notice how quickly that the vote for a Parliamentary Inquiry into the libor 'scandal' was followed by an announcement that the SFO was to undertake more vigorous inquiries with the potential for criminal investigations?

    The latter rather makes the former pointless...as no doubt intended by our lords and masters..eksay.

  8. I know rather a lot about the finances of Barclays Bank, generally enough to spot the errors in journalistic writings about it. And enough to stand behind my previous comments about it being solvent. It may have taken a capital injection in 2008 from the Arab investors, but it was still far from insolvency.

    Ah So?

    Barclays just played a different game, they were equally as insolvent as the others at the time.

    (My apologies for the dupilcate post earlier)

  9. Personally, I think Barclays absolutely had to lie about its Libor rate in Q4 2008. Nick Tucker at the Bank may put on a pretence of being shocked, but had the firm not done this, we could well have had to pick up the tab for bailing out a perfectly solvent bank. MPs, journalists and forum posters, who had never heard of LIBOR previously, can get very upset about this, but from the situation of Q4 2008, it was the only realistic option.

    Barclays..a perfectly solvent bank?

    Don't believe all that you read

  10. Personally, I think Barclays absolutely had to lie about its Libor rate in Q4 2008. Nick Tucker at the Bank may put on a pretence of being shocked, but had the firm not done this, we could well have had to pick up the tab for bailing out a perfectly solvent bank. MPs, journalists and forum posters, who had never heard of LIBOR previously, can get very upset about this, but from the situation of Q4 2008, it was the only realistic option.

    Barclays..a perfectly solvent bank?

    Don't believe all that you read

  11. He's going to be the scapegoat for the oncoming HPC isn't he (it'll be blamed on his stamp duty changes).?

    In the long run this will be great news for the people of this country. But the VIs especially in the media will really castigate him for this.

    Still, I'm sure he'll cope. B)

    It amazes me that the true culprit for all of this mess..'Teflon' Tony Blair ..(Gordon Brown was IMHO a mere hopeless muppet), continues to rake in the money, act as advisor to J.P. Morgan, and even retains a role in politicking...scandalous.

    Freakin' unbelievable, but there you go.

  12. The vast majority of cars on French roads are French. A Toyota is more expensive to buy than a French car and way more expensive to repair. Renaults are less reliable, but when they go wrong they are cheap to repair. Every village has a Renault garage whereas the nearest Toyota garage is over 30 miles away. There is one such garage in an area the size of the home counties. The local garages are not equipped to deal with Toyotas. Owning one brings the same sort of problems you would have if you owned a 1950's American import. Where to get parts, where to get it fixed. France is not the UK.

    Perhaps the French peeps have got it right, like, look after your own etc.

    We were in France recently with our Honda car which has always been totally reliable..until it freaked out in Lille..It was like we were from a different planet. ''Je ne suis pas intéressé.''

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