Harry Sacks
-
Posts
5,445 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by Harry Sacks
-
-
Ttip is designed to increase efficiency for those few who farm humanity.
-
I was talking to a farm machinery dealer yesterday. He was saying business quiet because of depressed grain prices and uncertainty of EU outcome. Seems to me most farms only survive on SFP. The business barely breaks even and all equipment is on tick.
-
If you discover the casino is rigged just pick up your chips and leave. The casino needs you more than you need them.
It is about fear too, in order to keep people in the casino the entire system is based on selling fear. Once you recognize the fear for what it is and you are no longer afraid you are free to live your life in new interesting ways.
Exactly! And home ownership is actually really ******ing dull! All the time spent bitching about how rigged the system is (which it is) could be spent creating an alternative, which, if enough people followed suit, could see the system fail.
-
There is no reward for hard work just more and more slavery to drag those along who arent contributing. By those i dont necessarily mean people on benefits either I mean people in the financial system and other bureaucracies bleeding me at every turn to sustain themselves.
Yep, this is really what it's about. It amazes me how people chatter about their property deals totally oblivious to the fact they are part of a huge ponzi scheme which is siphoning our wealth to the elites. Banks creating new money against property to set the price. How high the price goes depends on our collective ignorance and naivety.
-
This is how it works.
Banks create new money and direct it at housing.
House prices rise.
Inflation creeps into the wider economy
Rates rise.
Debtors default
Banking crisis
Tax payer bailout and emergency interest rates maintains HP and credit flows.
More tax payer props implemented to facilitate credit approval for house purchase.
House prices rise again.
More tax payer props implemented to facilitate credit approval for house purchase.
HPI slows
More tax payer props implemented to facilitate credit approval for house purchase.
Debt saturation.
Epic crash.
-
Home owners and renters are the sitting ducks of revenue. Why aren't more people living in trucks?
-
Cash is the debt free component of fiat currency, <3% of the total in circulation. It's hardly significant. IMO the reason for banning cash is the preparation of something more sinister.
-
FTSE not far off 12 month low
-
So he wants growth but he doesn't want us to spend more than we earn?
Good luck with that. It's the economic holy grail, a myth. A budget surplus is rare and in the few times achieved was followed by a recession. His policies will ensure the economy sinks.
-
Yes. And the past eight years of inflation were caused by QE. If this Stops we will have deflation.What deflation are you talking about?
CPI is a useless indicator.
Even the ONS has accepted that CPI understates inflation for low/middle incomes. And this does not even included cost of housing!
And it is known that essentials inflation is much much higher..
http://ftalphaville.ft.com/2013/02/20/1393672/the-real-rate-of-british-inflation/
So if you think we are in deflation, try to see how much the train costs/nursery costs and housing costs have jumped the last 8 years (since QE/ZIRP).
Dont listen to the crap propaganda by economists in white towers.
-
We had the hyperinflation on the run up to 2008. Seeing as all the new money was created as debt, at some point debt saturation occurs and the system crashes. QE only puts more pressure on the consumer by steering money into markets and causing artificial inflation, while real demand falls. And this is what we've witnessed. We will have deflation until such time as a new, all inclusive, debt binge happens. Like a new house price boom following a 50% crash.
-
Dow off to a good start.
-
-
Asset prices will continue to go up against fiat money, with setbacks on the way (e.g. 2008). We haven't seen the end of fiat yet.
Indeed. And the willingness of the people to accept these levels of debt and wage suppression, maintains the demand for fiat currency.
-
You think they'd only ban cash over here? Good luck with that.The move would quickly be followed with either rfid implants or identity Cards. Go against the grain and your chip get deactivated. I've heard this scenario mentioned as the ultimate goal of the nwo and dismissed it as paranoid conspiracy. However, it appears the msm are priming us.$
-
Ok, say they did ban cash. What would take its place as the new black currency, precious metals? Crypto?
-
Probably something to do with 60% of GDP, selling the same scraps of land to each other at ever increasing values.
-
To tell the truth I have thought about living in a "Trailer" considering I have the money to buy one outright which would allow me to start building up some serious savings. The trouble is we live in a very snobby society when it comes to housing and I'm not sure how people would take it. One scenario that keeps running in my mind is trying to pull a bird. I mean how would they react if i took them back to what is basically a caravan? I imagine people may start to label me a "Gypo" and such too. You may think that people may not be as shunning and mocking as I may think, but you'd be surprised how people react when you fall outside of the norm. One example that was a lesson to me is back in my early 20's I decided to get a wild hairstyle, just a spur of the moment "f*ck it" type of thing. I got Liberty Spikes and died them bright red. I lost half of my friends over night and would get abuse from random strangers out in public, everything from sly comments to people actually squaring up wanting a fight. It was a real eye opener as to how people really are.
You're not on your own there. It's social policing that keeps us all doing what we're told and getting fleeced.
Twenty years ago I dragged a rotten 70s mobile home into a field and lived in it illegally for fifteen years. I added rooms, insulated it, stuck a proper roof on, even fitted underfloor heating. I let my wife have it in the divorce on an acre of land. Because it's been there so long it is exempt from enforcement. It was valued at 125k for the divorce!
-
Is gold about to break its four year losing streak? Exciting!
-
It's so cute. People who think they understand something.
You talking about yourself again?
-
Gold for £250 an ounce? Demand will just go insane (more so than it is at the moment). Effectively a 4 for the price of one sale which millions of people will be very, very keen to take advantage of to rid themselves of paper money.
I would expect gold to be all but unavailable at those prices.
Problem is, everything is bought and sold in "paper money".
-
Global deflation isn't very bullish for gold is it lads?....
-
What is money?
What is religion?
Two questions with identical answers.
-
Man borrows a years worth of apples, builds tool while eating apples, improves production, pays back the loan easily!
or
Man borrow a years worth of apples, buys a TV 'n' Xbox, sits around all day and starves.
or
Man borrow a years worth of apples, buys a TV 'n' Xbox, sits around all day, prints the apples to pay back the loan, and starves.
What 'tools' are we making with our time/money are they apple picking tools or X-boxes 'n' Tv's?
Credit directed towards production is deflationary?
Willem Buiter - Only Helicopter Money Can Save The World
in House prices and the economy
Posted
Yet another prop. It will do nothing to change the fact that the debt burden has grown so much in such a short period. And the reality is that the wages of us monetary cattle cannot be leveraged against the new mountain of debt required to pay the interest and maintain the monetary base. The only way to fix this is asset deflation or massive wage inflation. Asset inflation, as a substitute for wage inflation, clearly doesn't work.