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Posts posted by lowrentyieldmakessense(honest!)

  1. I don't think so. I would have thought that if that was the case then that expanded credit would show up in REAL earnings - the red line (until the house comes down).

    But clearly it hasn't.

    So the credit didn't show up in real stock market earnings.


    but it showed up in inflated stock prices

    in the same way that credit expansion artificially holds up bond prices

    at some point it fails and we could be getting close as these policies only work in the short term - although short term can last a few decades

  2. ah yes, page 9 of the presentation, page 11 of the actual file! My mistake.

    yes that is the data I need but need 30 years plus of it....

    however having said that the graph is a single data point that does support my hypothesis. The turnover of UK gilts in 2004 of all maturities was nearly one billion pounds, which if memory serves was around twice the actual level of the UK public debt at the time.

    anyone know what the UK national debt was in 2004, in pounds (not percent of GDP)?

    	£ billion			       Public  General    Public        sector  government sector       net     gross      net       debt	debt1	   worth2	1974-75	52.1	59.4		1975-76	64.7	71.1		1976-77	73.6	84.1		1977-78	79.5	95.8		1978-79	88.6	104.4		1979-80	98.2	113.9		1980-81	113.8	128.0		1981-82	125.2	136.3		1982-83	132.5	146.4		1983-84	143.8	156.9		1984-85	157.2	168.5		1985-86	162.7	183.3		1986-87	167.8	192.7		1987-88	167.4	201.2	335.7	1988-89	153.9	195.4	396.5	1989-90	152.2	186.4	389.7	1990-91	151.3	189.7	350.3	1991-92	166.1	208.6	323.5	1992-93	201.9	257.1	254.8	1993-94	249.8	304.4	200.1	1994-95	290.0	343.8	206.1	1995-96	322.1	381.5	163.2	1996-97	347.2	404.4	142.3	1997-98	352.0	404.4	130.4	1998-99	350.7	403.2	129.9	1999-00	344.4	395.8	166.5	2000-01	311.1	384.5	229.8	2001-02	314.3	382.1	309.6	2002-03	346.0	401.3	312.2	2003-04	381.5	450.1	334.7	2004-05	422.1	487.6	351.2	2005-06	461.7	535.3	368.9	2006-07	497.8	577.9	394.1	2007-08	527.2	620.1	414.0	2008-09	616.9	800.1	317.4	2009-10	771.5	1003		
  3. "Government is the great fiction through which everybody endeavors to live at the expense of everybody else.

    When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.

    Legal plunder can be committed in an infinite number of ways; hence, there are an infinite number of plans for organizing it: tariffs, protection, bonuses, subsidies, incentives, the progressive income tax, free education, the right to employment, the right to profit, the right to wages, the right to relief, the right to the tools of production, interest free credit, etc., etc. And it the aggregate of all these plans, in respect to what they have in common, legal plunder, that goes under the name of socialism
  4. Krugman is a complete spanner. his 9/11 quote is a disgrace.

    Peter Schiff was on fast money once with another spanner talking about Katrina being good for the economy.

    Some people have no idea about economics.

    i think a lot of them know the truth - but want to keep the system as is just for the power

  5. A Mum at school has openly bragged that to pay off £20k of credit card her other half doesn't know about she has told HMRC that they have separated so she has gone from receiving zero tax credits due to his salary level to getting £5k+ in tax credits. Bad enough except she is using this money to buy stuff for her already thoroughly spoilt and obnoxious children such as trampolines, designer clothing and ipods and worse still botox for herself - and hasn't paid of a single penny of the credit card debt. Her other half who used to work for the same company as my husband appears to know nothing of this at all judging by a recent conversation my husband had when he bumped in to him which tallies with what she says of intercepting all the mail and shredding anything she doesn't want him to see!!

    Oh how I hope they catch up with her - wish I was brave enough to snitch on the chavvy b*tch!!

    has she had her boobs done

  6. Most of the public are in debt, 50% of savers have less than £500, so they don't really care. However I think Lehman, NR, B&B, IceSave, etc drove the point home with people who have enough money to care about such things.

    the awareness is still low

    in my own experience 100% are not aware of this fact, out of about 50 business owners i have asked


    74% think they own their money, when of course they do not, the bank does.
  7. Proper gold bugs go physical and totally opt out of the house of cards. That said this is no different from your cash deposit made on Monday being lent out to someone else to pay their gas bill on Tuesday. The bank claims legal ownership of any cash you deposit with them, you get an IOU in return, on the basis you trust them to make good on it when needed.

    yep i know

    shame most of the population dont yet know it

  8. :lol::lol:


    Financial Times Says European Banks Lent Their Customer's Gold to the BIS

    Although it does not appear until almost the end of this article in the Financial Times, BIS Gold Swaps Mystery Unravelled, the source of the gold provided in the dollar swaps with BIS is coming from customers of about 10 European banks who are holding their gold at the banks in 'unallocated accounts.'

    "The gold used in the swaps came mainly from investors’ deposit accounts at the European commercial banks. Some investors prefer to deposit their gold in so-called “allocated accounts”, which restrict the custodian banks’ ability to use the gold in their market operations by assigning them specific bullion bars. But other investors prefer cheaper “unallocated accounts”, which give banks access to their bullion for their day-to-day operations.

    The European Banks, including HSBC, Société Générale and BNP Paribas, were desperately in need of dollars because of a repeat of the eurodollar short squeeze which we had previously identified. Their customers were withdrawing dollars previously on deposit at the banks, which were unable to meet the demand because of the deterioration of the dollar assets they held, and because of the fractional reserve nature of their operations.

  9. In turn it reveals that the supposed "profits" earned by those in the financial system for packaging and "intermediating" all of this faux wealth was nothing other than a sophisticated asset-stripping scheme, founded on that very same fraud, and which came into being at the explicit behest and creation of those very same policymakers!

    I wish Bullard luck in his endeavor to cover up the policy acts of the Federal Reserve and Government. He's going to need it, because every indication I have in the metrics I follow say that there is no possible way he can come up with a credible policy move that meets his claimed desires.

    The only credible choices that remain before us are to accept the unwind of Ponzi-enhanced "values", or destroy our currency and political system through further puerile and intentionally-fraudulent attempts to conceal the truth.

    do they feel lucky

    next few years should be fun

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