Ben from Dover
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Posts posted by Ben from Dover
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More at the link.
Our bankers will stop at nothing to make money.
Laws simply don't apply to you and when you do get caught it's just a slap on the wrist.
Especially wierd when you remember that Lloyds is essentially government owned
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If rates go up, the effects will be even stronger now, as in the past couple of years, millions have switched from fixed to variable rates mortgages. Look at this:
All the talk from the BOE is of new QE though and further loosening of monetary policy. and with the sovereign debt crisis seen as having come and been debt with base rates won't go up for a good few years.
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It means your full of Sh*t. Look it up if you don't believe me. What paper do you read bye the way. I guess you didn't get the humour in "are you related to Phil McCavity" Let me explain....Ben Dover and Phil McCavity. Sounds like a firm of Estate agents, does it not? I await your abusive reply.
Why are you expecting my reply to be abusive?
(By the way the name has a bit of HPC history to it and I keep it for that reason, not just to be rude. It wasn't made up by me but by the BBC radio4 dj who introduced me as such on a housing discussion as few years ago)
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Because of the way money enters and leaves the economy.
It's designed to keep a %age on the sidelines permanently. The individuals concered might change but it has to be someone.
All thisa "on your nbike stuff" is mostly blaming the victim. All this "you can do it to in three easy steps" is just mistaking individual solutions for structural ones.
I don't see how our money system creates unemployment. perpetual unrepayable personal debt for the majority yes, but not unemployment.
In a sense totally full employment is structurally impossible because it would mean that businesses are not able to make the new hires that they need to and therefore cause both inflation and business failures which will result in unemployment, but it could easily cope with 95% full employment (of healthy working age people).
And on a personal level any structural problem does not mean that I will ever accept being unemployed and is not a reason for any one person to not find a job
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Well that is the problem then isn't it, the indigenous population have been had , the unemployed person is a single soul who has little or no power on his own.
As you say " who are you " we are all no one on our own. the poll tax rioters were no different from us , The miners went on strike for months because they were led up the garden path by an idiot who could not see how much coal was stockpilled , there are other ways to skin a cat and the miners union leaders and other union leaders could not or would not see it.
Maybe the young generation of today will riot like the poll tax people , give it time. Things are only just starting to kick off , the slump is yet to come,
I think you may find that the top people are not as clever as you think , yes they do not give a dame about us , but to keep us in our place they need to keep feeding us our crumbs, and they haved f=ked the system so much that the crumbs are not going to be there , then you might see some riots to match and beat the poll tax people.
On the plus side the influx of ex commies has definately increased an ugly british mans chancing of pulling a hottie
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Structurally there can't be 100% employment.
why?
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You seem to be scatalogically challenged. Are you related to Phil McCavity bye the way?
sorry that word has too many sillybulls for me - what does it mean???
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Oh come on Ben ,
Was it not you on here a few months ago saying how low the wages were down your way and therefour you could not buy a house.
There is a limited number of jobs , outsourcing , advances in tecnology and more house holds needing two wages have all compounded the problems.
We had full employment in the 60's , have 8 million people just said no im not going to work any more , not all of them can become sales people.
Its is easy to earn eought money to eat , I could just go and beg on a street corner an hour a day to earn food money , but people do not just need to eat , they need to pay housing cos't , heating cost's , energy bills, council tax, travel expenses to work, and all the other things associated in a normal life.
wages where I was living in the uk are very low, I think I was bringing it up to show how the national average salary figure shouldn't be used to value property in areas of high unemployment.
I've never moaned about it personally. I've commuted to london (2 hours each way), moved to Dubai, started a business (which admitedly I had to sell at a loss) and now signapore so I don't get stuck in a workless town.
We are not talking about mega buck jobs but jobs that pay more than basic benefits.
Look at how the increase in the sales effort has effected our economy over the last 40 years. How many people were employed in Marketing, PR, advertising, magazines and internet who get their revenue from advertising, sales peope, estate agents (terrible example sorry), recruitment consultants, people selling personal debt and then the people who sell you legal advice when you can't pay. Increased sales effort has created most of the jobs in our 'service' economy.
On a personal basis if there is an unemployed person reading this who doesn't want to be unemployed, I'll give you some advice that will get you a job. Read this book
http://www.amazon.co.uk/Selling-Win-Richard-Denny/dp/0749433280 then buy a smart suite, print a couple of CV's on some really posh paper and walk round all the advertising agencies (or for that matter any sales based business listed above). You will get a job before the end of the day.
Edit to add: the reason why this will work is because the only real skill you need to get an entry level sales job is the guts to turn up at a company unnanounced and tell them how much you want a job there. By doing that you show them that you will have the personality needed to turn up at their potential clients unnanounced and tell them how much you want their business
Sales isn't the nice job with a trade union behind you ensuring that you don't go over the working time directive or that you get your full lunch hour but there are an infinate number of sales jobs for people willing to do them
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Nah. When the shit hits the fan you'll lose everything and get sent "back home."
Been around the world and I I I can't find my baby.
You missed an I
Oh and the sh!t is never actually going to hit the fan by the way. There is loads of poo and a massive fan but should the two ever actually make contact people all over the world are too guttless / stupid / hoping for a hand out and lazy to actually ever do anything about it. they will just live slighty sh!ttier lives, so to speak
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in a way this will bring prices in Edinburgh down as these units are currently empty will now be lived in by somebody, taking them out of the housing market. ha ha VI's always seem to forget that the market wins in the end
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There is a 3rd solution - our "workforce" sods off overseas.
exactly what i did - get yourselves out to singapore and see what a real first world country is like
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In a high cost economy the welfare state was always doomed.
However where are the jobs going to come from?
The answer to that question is so simple I've never bothered to post an answer to the million times before when you have used the phrase.
1) small amount created from economic growth / technology development / more complex society
2) Increase in the sales effort will create 90% of them as has been the case for the last 50 years. There is no company in the UK who wouldn't hire a eger, willing and capable sales person tomorrow if they met one. simple as that
It is pretty dumb economic thinking to assume that there is a limited number of jobs out there and a natural rate of unemployment. Not the case at all. If you were hungry you would find a way to earn some money.
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Because the BofE aren't going to end the SLS, they'll either extend it or replace it with something equivalent but with a different name.
Problem is they have to find a way to do this while convincing people buying gilts that it should not be included in our debt figures as it would blow them out the water and we woulf be borrowing on the same terms as argentina and north korea
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If they manage to water it down, they can keep extending and pretending a little longer, but in the end the ponzi scheme will crash down all the same, because the system is on the brink either way.
That is exactly it. Liar loans have inflated house prices but they in themselves guarantee a crash. The whole idea of judging affordability of a mortgage is that if you lie to get more money you will not be able to afford to pay your mortgage. Fine in a market where you can sell the house nect week having made a years salary but in a falling or even static market liar loans just make the people taking them go broke.
That is why we have zirp and all these government schemes to help people facing reposession. All of a sudden monthly repayments for people who exagerated their incomes are affordable again. However zirp is a one time trick, you can't reduce any more than that.
one of two things will happen
1) IR's go up with massive defaults all over the place
2 ) house prices get bid up again to a point where mortgages even at zirp are unaffordable. At that point there is nothing the government can do to save the day
Only thing that can bail all these fools out is high inflation and low interest rates. interestingly that is exactly what we have got
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The best jobs are filled before they're ever advertised. As you've suggested, hopeless blaggers can land these jobs, however you have to know the right people, be cronies with people from the right uni or have the same common purpose.
Press down with your thumb on the third knuckle down on the other person's hand when shaking hands and then look at them knowingly. gets you far in life and you don't need to do any strange initiation stuff
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http://www.thisismoney.co.uk/news/article.html?in_article_id=420154&in_page_id=2
1982 2007
Average salary £7,117 £23,307
Average house £23,644 £194,362
Explains why all middle aged people in uk seem so ritch despite mostly having crap jobs.
I'm so glad i left. If your in your 20's in the uk no matter how hard you work or successful you are you will never be able to afford the same lifestyle as a a bin man who happened to buy a house 20 years ago
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Seriously, WTF are you on? At least you got the ironic bit, or did you?
Got the irony, I just assumed your point was still blame the bankers and that all these poor little people are just being made scapegoat by them.
If you meant that ironically than I take it all back.
However it is not the banker's fault and blaming these misterious 'bankers' just means that you don't have to feel bad about the society you have helped to create.
My clients at work are mostly bankers and from the people I meet I just see very inteligent people working extremely hard to try and make something of their lives but who get clobberred by high taxes and crazy government policies which make it impossible for people not already on the housing ladder (read snake) to make any real success in their lives.
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Aye, that'll be shining bright.
When this guy eventually finishes his pipe and runs out of money he will be walking up and down the train line picking up plastic bottles to sell them for scrap so he can eat or seeling chi on the train or stiching t-shirts ect.
His English equivalent would be on benefits for life, probably get a council house because his addiction makes him vulnerable and get disability benefit due to the associated mental health problems. during his partying I'm sure he will have had a couple of kids so he would get 25K odd in child tax credits.
Think about it, which system will win in the end, their's or ours?
If you don't have money there you work or die. It is the harshest form of capitalism but also leads to the most competive salary. The hours people work in offices in mumbai is bizare
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Oooops!
i thought that the federal reserve was not actually state owned as per all those conspiracy you-tube videos.
Two questions about this:
Why do us brits own so much when we are in such debt ourselves?
Why is Hong Kong listed separately to china?
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How about national minimum wage set at a 1/3 rd of the average house price and tracking the haliwide index's?
That would mix things up a little for UK PLC
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In your dreams.
Green or more correctly Dream Energy cannot propel growth. To make Dream Energy viable the cost of energy would have to increase 10 fold. This increase in energy prices will kill of any growth and propel us back 100 years. For a vision of where we would be google Amish .
i don't know I recon I could cope quite comfortably with a 10 fold increase in energy prices. My household is completely energy unthinking. I leave two computers on all day even when I'm out at work. i realised last week end that my heating has been coming on in the middle of the day for a couple of hours, always use tumble drier and leave the TV on all day to amuse the dog ect. If energy prices went up that much I recon my lifestyle wouldn't change much I'd just be a lot more careful about things like that.
couldn't cope with 10x increase in pentrol prices though - that would kill me off
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The population needs reducing, the only way to achieve this quickly is war, starvation or epidemics.
India's population is still expanding, they are stupidly creating a massive timebomb at some point something will happen to reduce it.
Thing is india is a dynamic capitalist economy with no social protection and very little appitite for revolutionary change or violence against the government. I lived there for a while.
Everybody works and works hard. You either compete - or quite literally die on the streets. It is in every way a fantastically / horrifically competitive place.
In my view that will solve its problems in the long run. They will either become the most competitive economy in the world and probably the ritchest large country in the long run, or there will be mass starvation.
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A serious question.
When the last remaining public sector workers have been set alight on their crosses;
After the all the boomers, elderly and sick have been culled;
Once all the poor, disenfranchised youth and unemployed have been ground down and turned into cattle feed........
Who do the bankstas and elites deflect the blame against next?
The Self Employed?
Mormons?
Dinner Ladies?
Men with beards?
Simon Cowell?
Will YOU be the subject of their propaganda for the ignorant?!? We were once told to “follow the money”, however the only things people tend to follow these days are false headlines and witch hunts.
The funny thing about witch hunters, was that often they didn’t actually do any of the burning. They just pointed at their chosen victims, and just let the mob deal with the grisly rest. How pertinent.
One day the people will wake up and work out the root cause of all our predicaments, and the root cause will be jettisoned from our society.
I hate posts like these, its just so ironic.
You are complaining that the bankers are using the little people as a scape goat while you are basically laying the blame on 'them' whoever that is for the fact that you live in a broken society where popping out kids and faking a disability or happening to be old and therefore having bought a house at a reasonable cost is the best and only way to riches.
A society where it is basically impossible to work hard and succeed because half your money is taken in tax to pay for the first lots lazyness and the other half given to your boomer landlord to pay for his.
Fvck off
Its not the bankers fault at all. OK maybe a little bit but all they do is take advantage of the crappy broken system. What this country needs is a little free market reality and a stop to all levels of government over-interference.
If the bankers truely ruled the world it would be a much fairer place where people are rewarded for the work they do and the risks they take . Personally i'd vote for a banker before a socialist boomer any day
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I was hoping for a Kentish Wilsons story too! It's too long since we heard good news about them!
Yer me too.
Anyone know the latest with them?
Watching those guys topple is what i am most looking forward to about hpc
I'm £85K In Debt But Don't Care... I'll Just Go Bankrupt Like Kerry..
in House prices and the economy
Posted · Edited by Ben from Dover
While I was out in Dubai I knew a guy who had a little scrape with the police which gave him a real hatred for the country and culture. to get 'them' back he just started taking loads of loans from government owned banks. He walked away with a six figure amount and then moved to thailand where he used the cash to start a scooter hire business - will probably never have to work a proper day in his life again