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Harry Sacks

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Everything posted by Harry Sacks

  1. What!? You think the government won't take it anyway? Yes the cost of housing is high but that is largely due to speculation and bank credit creation against property. It may seem like the cost of living is high but maybe that's because our standard of living in this country is relatively high. eh........?
  2. err.....no. someone above reckons TC suppress wages. What kind of fantasy world is that in? Employers will do anything to reduce cost to maximize profits, anyone who runs a business knows that. Why is virtually all manufacturing done in places like China and India? Because life is cheap in those countries, the lower end of the workforce are treated like farm animals.These places are highly productive but you can hardly argue that employers are tripping over each other with fistfuls of cash for their workers. The percentage of my taxes that go on TC I can happily live with as I'm certain half of the payments my customers make are coming from TC.
  3. Ok, but it's not unfair to not pay a living wage? Do you see any scarcity out there?
  4. you seem to think that the economies of nations function in a similar way to your household finances.
  5. the effects of implementing these cuts will be felt not just by those with children. What some people don't seem to understand about benefits is that claimants spend the money they receive directly into the real economy. You know, the thing with shops and stuff where people work and get paid wages? Duh!
  6. Yes, he became very wealthy producing absolutely nothing of real, tangible value. Now he's in the Paper, representing the average man in the street.
  7. Low risk renters are people with kids and tax credits. No shortage there.
  8. I can't see IR rising anytime soon. Where's the consumption demand? The debt burden of the bubble rests on the public. The credit it created is now in the markets, chasing low risk rather than yield from what I can tell. What's to stop large institutions moving into BTL?
  9. So it works because trades are made based on TA in significant quantity?
  10. The exit polls suggest that the far-right neo-Nazi party Golden Dawn could come in third place despite nine of its 16 MPs being held in jail on charges of extortion and weapons possession.
  11. Yeah, and when an economist identifies the bleeding obvious it's newsworthy. http://www.salon.com/2015/01/02/joseph_stiglitz_thomas_piketty_gets_income_inequality_wrong_partner/
  12. It's not rocket science. If excess credit is created against assets in a particular market, the nominal value of those assets will increase.
  13. Central Banks are some of the most secretive and misunderstood institutions in the world. What powers do they wield? Whose interests do they serve? How do their actions affect our everyday lives? In 2003, Richard Werner released a book by the title of “Princes of the Yen”, which cut through the complex jargon of central bankers and for the first time made this obscure world accessible to the public. The book became a number one bestseller in Japan. Yet, over ten years after it was first released, the English version, is still on its first edition! Told within the context of the history of 20th Century Japan, Richard Werner meticulously solves the puzzle of central banks, and explains the social, political and economic impacts their actions have. The documentary provides the viewer with a new understanding of economics and shows how events that may appear disjointed in popular discourse are in reality intimately intertwined. “Princes of the Yen” is an independent, self-funded documentary. It was made as a sequel to 97% Owned, a film about how money is created and the impact its creation has. We realized after making that film that we did not understand how central banks fitted into the picture. “Princes of the Yen” fills that gap, shining a light on a world hidden behind closed doors and obscured by complex jargon, a world which would much rather stay out of sight. And when all the layers are peeled away, what remains, is the understanding of the role central banks play, in inducing and directing change. Change, for which they have no mandate. Princes of the Yen: Central Banks and the Transformation of the Economy. “Because only power that is hidden, is power that endures.” http://princesoftheyen.com/#watchthefilm
  14. Rename this thread "what the banks have reduced people to" as that is the actual truth of it.
  15. The key to doing this, IMO, is being part of the local community. If the people around you know what you're doing, why you're doing it, and support it, you're halfway there. When I applied for a CFD, most of the evidence for continuous habitation was in the form of affidavits from neighbors, which is common. Expect to be approached for council tax long before you hear from the planning dept.
  16. http://www.legislation.gov.uk/uksi/2014/564/pdfs/uksi_20140564_en.pdf http://www.bletsoes.co.uk/wp-content/uploads/2014/03/RECENT-CHANGES-TO-GENERAL-PERMITTED-DEVELOPMENT-ORDERS1.pdf In the rural community where I've lived for over twenty years it's making some impact. I've built without planning on agri land, in 1996, and lived there for seventeen years with the local council fully aware. I'm doing the same again at a new site. It is NOT the easy option. In hindsight it would have been less hassle, by some magnitude, to have conformed with the debt slave model.
  17. Absolutely. Credit must continually expand to allow the interest payments on existing loans and prevent monetary contraction.
  18. The law changed last year. Redundant agricultural buildings can be converted to residential on notification, within a maximum footprint.
  19. Deflation is bad news for those in debt and those who create debt. We have deflation to thank for our rising livings standards over the centuries.
  20. What about "trickle up". These 1%ers like to ignore that one.
  21. Chicken or egg? We don't need banks to do any of those things. Banks have created a cartel ensuring we do.
  22. You're making a distinction between base money (M0) and commercial bank credit (M4). M0 is not availabe to anyone except the 46 banking entities who hold accounts with the BoE. Therefore, commerical bank credit is what we all use as "money" when not paying in cash. It represents more than 97% of the entire UK money in circulation.
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