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Posts posted by adarmo

  1. On 13/10/2021 at 22:54, steve99 said:



    '' the money in our society is created mainly by private organisations. The result of this is that private organisations with the capacity to create money determine how wealth is allocated across society. There is strong evidence to indicate that when allocating money these institutions favour investments that are non-productive, and invest in existing assets that do not add to GDP. The recent unprecedented inflation in the housing market and the astronomical growth of trading on the foreign exchange market and in fixed assets and securities amongst banks are testament to this.''


    They really mean how debt is allocated across society. Even then that suggests they can push on a string to get people to borrow more. People teams to decide that by themselves. Only of the people approaching the bank can the bank decide who gets that debt. 

    Wealth is equity, not debt. 

  2. 9 hours ago, onlooker said:

    Those (younger) British pensioners retired in Spain are a net gain to the Spanish economy and a net loss to ours. When they get old and need subsidized care, they return to the UK and continue to be a net drain on the UK economy.

    Thanks for the strawman. We're talking uk here. You seem to acknowledge though that they are a net drain on the UK wherever they live? If they've FO'd to Spain then they're not taking up a house nor are they taking a hospital bed. You also bifurcated the entire population of retirees into those young and costing very little and those older and choosing a good deal more.

  3. 10 hours ago, kzb said:

    Hang on there, that country claims back the health service costs from the NHS !

    As well as that, those pensioners are an economic benefit.  They're not taking jobs, they're not having children, but they are spending their UK pensions in the local economy.

    Cripes, you'll get yourself a Nobel Prize out you suggest making everyone retired. Imagine three economic benefits. 


  4. On 03/09/2021 at 14:10, GregBowman said:

    Its  a good point in other countries you get relief against private education and private healthcare 

    I get private healthcare as part of my contract and i actually have to pay the tax on that benefit. So i take demand away and am taxed more for the privilege. 

    Next year it's cancelled and the tax money saved is being added to the increase in my pension contributions. Net result is less tax paid by me, better provision for my old age and more demand for health care. 

  5. 2 minutes ago, Staffsknot said:

    No those are illegal and action is taken. But you are building crap arguements and being all agitated by 'coming over here changing our ways / not respecting our values' which is dull and been rolled out god knows how many times.

    I served with a Muslim officer from Bradford who didn't drink and he lost an arm. Were his values British enough?

    I served but that isn't colouring my decision I am seeing the same shite trolled out time and again - what values do you have that have been forced to change?

    All the other things listed are illegal and groups punished when trying to carry out. Elements within the community are taking a stand against those practices and reporting them. Which is probably why you know it even exists.

    Anytime there's a mention of immigration we get the same bull spouted - ooh it leads to x / y / z as they don't like our values.

    Presumably as it is your number one concern we should invite anyone fearing FGM into Britain. Then add in anyone fearing child or arranged marriage.

    Somehow think you'll be less keen when its an access reason than an artificial barrier

     There was a Dr on TV earlier a year younger than me. A refugee from Afghanistan, he came here aged 13 with nothing. Worked hard, went to Cambridge to study medicine and now works for the NHS.

    I like to think I've done well but this guy made me feel like a lazy and underachieving muppet. Full respect to anyone that can do that starting from nothing.

  6. I was invited up to London for a lavish celebratory lunch next week but i will decline. I've never enjoyed travelling into London and certainly not when having to wear a mask on a train full of others. 

    I think the reduction in footfall in London versus other cities tells me I'm not alone. What i am seeing is local market towns that were formerly commuting town are thriving as the people there are no longer travelling for work and spending their money locally. 

    I'm not sure that will last forever but i think the pandemic accelerated what was always going to be an inevitable decline in high street shopping and office based working. 

  7. 8 hours ago, Dreamcasting said:

    Nothing specific to this thread, but I litererally saw 2 guys fighting over an old transit van that was up for sale at the weekend. They probably wanted it to sleep in. I reckon the van was overpriced by at least 100%, and the guy at the yard who sold it told me the price of vans is currently exploding because people have realised they now need somewhere to live. It seems money is going to be pretty much worthless in the near future and people are buying anything at any price in an attempt to survive that little bit longer.

    People have only just realised they need somewhere to live? Or, is it part of the general price increase in second hand vehicles and a van boom negate people are converting them into campers? FWIW I'm seeing camper vans getting discounted now and i expect will see more of that as people realise this is a typical British summer and you'll be able to travel easily enough in the coming months (If you're validated at least).

    Around here houses are selling at the speed of light for prices i can't believe, new restaurants are opening up and doing a roaring trade.... I'd say things are looking up if a little inflationary. 

  8. 21 hours ago, zugzwang said:

    Yes, it is. The Tory bois have been promising to balance the budget since 2015. Hammond claimed to have done so in 2017/18 but all he did was outsource the subsidy operation to the Bank of England.

    What is yes it is? Borrowing is a cost?


    You are stating that all borrowing relates to gov support for house prices. 

  9. 1 minute ago, zugzwang said:

    It's the approx. cost of supporting the UK's hugely dysfunctional economy for 12 years.


     No it isn't. At all. 

    Borrowing isn't a cost is the first thing to say. Borrowing is borrowing. 

    What is the actual expense to the nation of supporting mad house prices?

  10. 33 minutes ago, TheCountOfNowhere said:

    Next Month can all the trolls not derail this thread please.


     Is there any signal that the numbers are turning at all? Looks like tight supply and keen credit. 

    I did see though that the South West lagging the South East which seems to be a change in trend. Maybe those buying up second homes or just moving out to the country are realising it's pretty boring after a couple of weeks and they miss the infrastructure.

  11. 11 hours ago, Twenty Something said:

    You’re certainly very angry about house prices given you are someone who has 700 grand of cash in the bank and a hugely successful business. Some might say suspiciously angry. 

    I’m going to pay my house off with a mortgage just like many others in this country. <semi sarcasm>

     My main regret is not focusing on what i wanted to do education and career wise sooner. If i had is have graduated 2003 and probably been able to buy a house then. Instead it was 14 years later. I'd have half paid a mortgage in that time and not had general prices race away. 

    All that said i don't see how 10% yoy can continue. 

  12. 10 hours ago, sta100 said:

    Italy's price to income ratio is 9.52, so no not Italy, same as the UK.

    Try the US at 3.99.

    And I don't see irrefutable statistics just a meaningless chart. "High house prices" is a blanket meaningless statement when taken out of context with what it actually entails in a country. Try doing some research.

     That US number of 3.99 includes West Virginia and the mid west. That's like comparing the average price/earning ratio of Europe. 

    If you want a nice place then it's worse than that. Boston, Pennsylvania etc.... it is still cheaper.... but what's their healthcare as a % of their earnings? 2 weeks holiday a year! Longer hours. Sounds a riot.

    Colleague of mine over there has done very well. CFO of several tech firms that got acquired. He recently 'retired' but is basically taking another job for about 5 years because healthcare in your 50s is by far your biggest expense and state healthcare doesn't kick in until you're 63.

  13. 20 hours ago, zugzwang said:

    What's the current shit show got to do with the Left? We haven't elected a genuinely left-wing govt in this country for nearly half a century!

    It costs the current Tory govt £100bn/yr every year to maintain the bubble of phantom equity in the housing market.

    The national debt - already at a postwar high - is doubling every decade because of it.

    How much longer do you believe Bozo and co. can keep that up?

    What is that 100bn cost made up of?

  14. 11 hours ago, MonsieurCopperCrutch said:

    Whatever floats your boat. Used to take MM with friends in my yoof.

    What's MM?

    11 hours ago, MonsieurCopperCrutch said:

    I share your sentiment. Got a payrise, bonus, and subsequent promotion. 

    The point there was that I'm not drinking because I'm having a bad time, really the opposite in fact. Just drinking out of boredom. 

    When we all got grounded first time around the booze aisle was gutted at several large supermarkets. Looked like scenes from the collapse of the USSR.

  15. 10 hours ago, longgone said:

    After a while booze does nothing its like drinking water so there is no point drinking it anymore.

    Ask gazza 4 bottles of whisky a day and 16 lines of charlie.

    Yep. I had four beers last night and barely felt a buzz. You just drink more and consume more calories for the same benefit. 

    Gardening on the other hand i can't get enough of. I tend to get obsessed with things though being on the spectrum. Been exercise mad before, rowing, cycling, running and now gardening so might as well be obsessed with something healthy..... If only i could choose what obsesses me 😀

  16. 1 hour ago, Fishfinger said:

    I've think I've drunk a total of half a bottle of wine in 15 months.

    In that time however I've grown  nd taken magic mushrooms, tried LSD, extracted my own DMT and now a convert to Ectasy which is a god send to us introverts who have to attend any overly long social events😀

    DMT is some good stuff. 

    Always wondered about micro dosing mandy before a social. 

    Mate of mine gets half drunk and then takes little bumps of ket and charlie. Disnt see the point until the next morning I'm hanging and he's right as rain. 

  17. 1 hour ago, VancouverGuy said:

    Meanwhile, in other news, those of us with professionally-managed, balanced & diversified portfolios of tax-efficient, low-cost stocks, bonds & REITs, have seen growth of over 30% in the past year.

    Also, in other news, bond yield curves are implying between 8 and 11 rate hikes over the next 3-4 years.

    Yes but if you'd bought a house last year with even 25% down you'd have seen over 40% return on that equity and it's tax free.

    I am willing to bet the base rate won't be 2 to 2.75% higher in the next 3 years.

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