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House Price Crash Forum


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Everything posted by bogbrush

  1. Ever worked for an American firm? I did once upon a time; best company I ever worked for, brilliant, great money and very good conditions.
  2. A CD is just theft to counter, inaccurately, some other theft. Two wrongs don't make a right, or in this case two errors don't make a success. All you'll do is set off another sequence of unintended consequences and arbitrary set points of your social control levers. In the short term it can even wobble along but eventually you just end up back where you started, maybe with violent resets every now and then. The only answer is to allow people to retain 100% of the fruits of their labour while denying nobody access to any of the levers of creating wealth, so no patents , land ownership, licensing/regulation, etc. Incredibly difficult, indeed arguably impossible, to implement in the short term but it has the advantage of being logical and impossible to frig.
  3. I do find it quite funny how the competition to be in the cynical club here produces such predictable responses, as I indicated in the original article. It will be quite difficult implementing this restructuring without wrecking the institutions (and the taxpayer stake), or without trashing the availability of credit from these things. Regrettably, it's where the money supply emanates from.
  4. I think you're getting it a bit out of proportion. Nobody is berating anyone. Your avatar; now there was a guy who had a way with the peasant class.
  5. The real issue is the opportunity cost of the time. For most people it is zero.
  6. Quite right. You don't bark yourself, you go off and do something more useful.
  7. Fair enough, though if implemented as it appears, it would at least insulate those deposits from the leveraged stuff, and therefore avoid the question arising of who covers them. I agree it's not the answer to the whole thing but it's what it is.
  8. Didn't see this anywhere on the forum. http://www.bbc.co.uk/news/business-16235636 Let the debunking begin....
  9. Yep * EU withdrawal (but let's be friendly traders) * Bit more serious public sector cuts Structural deficit all done.
  10. Well if it was all being pinched from up the road it would be evident wouldn't it. And actually I'm less concerned about this; people tend to behave as they are expected to behave; look at sports fans, where men get pissed up all day and sing songs at cricket grounds where there's no trouble, and are enforced sober and segregated at football matches and behave like animals. The key is social exclusion. Nobody would talk to or support the idiot at the cricket ground. At their core, people are alright. This is why it;s so unhelpful to condone bad behaviour, whatever the defence (commercial success, deprivation, etc.)
  11. These are the most dangerous of people; they would happily abolish democratic institution after institution and truly, honestly believe they are doing it for the greater good.
  12. You don't understand my objection if you think I believe defective people cause faults in a free market. Quite the reverse, the market is completely closed right now with everything from land, IP and currency monopolies pretty much stopping almost anyone from doing almost anything. There's a problem, but it isn't technology. In the end game you envision there's still no difficulty, so long as nobody restricts access to using this stuff.
  13. You keep trying to hide really badly weak ideas behind a load of blather. If people can't sell assembly skills then they'll need to sell stuff that isn't assembled.
  14. Just provide stuff machines can't do;* teach kids * entertain * be a fishing guide * coach sports * etc. etc. and leave the machines to do all the drudgery. Then you'll have the money to buy the incredibly cheap stuff.
  15. Pity the other option is overlooked - that they divert their effort to making some other useful stuff and swap it for this cheap automated gear.
  16. You're not listening; automation just increases productivity. The issue is what people do with that productivity - can they deploy it to create even more wealth and have everyone rolling in it, or are they unable? When they can't use it they slump, but when they can they can swap their stuff for even more of the other stuff and be miles better off. Things stand in the way of that process, but it isn't technology. By the way, having read about 75 of these type of threads from you, would you mind telling us when the Goldilocks period of technology occurred for you? It obviously isn't in the future because you don't like what we have even now. Was it in the mid 20th century, or perhaps the Industrial Revolution? Or was it back in the 16th century, or do we go back to the Bronze Age? Or is hunter/gathering about the right place? I just wonder when you think we got it about right.
  17. No, demand is infinte. Look at what people define as poverty now - in some ways it is unimaginable wealth 100 years ago. The problem is that hardly any people are equipped to make use of the greater productivity by supplying stuff to others. And don't forget the collapse in price that automation brings; you can fly halfwayf around the world for a brief period of labour now.
  18. Why? We're not the ones watching it all fall apart before our eyes. Well, we are, but not as immediately as them. And they are so angry that we won't go along with theor pathetic efforts to drag everyone else down with them.
  19. The question is meaningless. There is demand and labour. Technology enables greater productivity from labour, meeting demand more effectively. The problem the OP alludes to has nothing to do with technology and everything to do with restricted access to markets.
  20. A guy owning a house and offering it for rent isn't the problem. The guy forbidding anyone to build another house elsewhere is. I've stopped being surprised at the superficiality of some folks analysis.
  21. It's a good poll, but the question is probably moot as Europe is going to explode soon. This treaty will never fly, never mind the so-called 26 agreement.
  22. Leaving economics alone for a moment, I take great pleasure in the fury of the Europeans that Britain appears to have lost its fear of not being in their gang and is prepared to cut the rope. All it takes for stuff to lose its power is to be called out. We're not friends any more, and it isn't going to matter. At all. They are livid about it. It's hilarious.
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