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Debbiebegood

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  1. I reported this to the media (Sky news, BBC, newspapers,..) but it was never reported in the news. Evidently, MP's or the Government paid no attention to it. Quantitative EasingWritten evidence submitted by Mr. Alan W Kay FCA 1 1. Executive Summary 2 WHERE DID THE BENEFIT OF THE QE MONEY GO? 3 NOBODY KNOWS EXCEPT IT COULD BE ANYWHERE IN THE WORLD! 4 This paper sets out the evidence that Parliament, the Bank of England, its MPC and the Treasury have no idea where the benefit of the Quantitative Easing money actually went. This is because they have no record of the identity or nationality of the actual owners. The Bank bought through agents – Gilt Edged Market Makers (GEMMs). 5 Furthermore, Bank officials appear to have misleadingly asserted to the Treasury Committee that the Bank "injected a vast amount of liquidity into the economy" when they had no idea where the benefit of the liquidity actually went. 6 Despite this lack of knowledge as to who owned the gilts and where the money went, a further £175 billion of QE was allocated by the Coalition for gilt purchases between October 2011 and July 2012. This also happened despite clear evidence from a detailed study of the MPC Minutes that its members had no clear idea either! Indeed, the Treasury, the Bank and the MPC seem never to have asked! Why not? 7 The following specific concerns are addressed in this paper: http://www.publications.parliament.uk/pa/cm201314/cmselect/cmtreasy/writev/qe/m18.htm
  2. Why not scrap the wages altogether, so " businesses" will not have any labour costs? Instead of the wages, the goverment will give us " benefits" that will totally replace our wages. That will surely enable GDP "growth". And why not go further - Government finances 100% of all operating business costs free of charge whilst the profits are skimmed off by the CEO's and their cronies. It has been already operating with banks, funds, numerous other parasitic " businesses" including those related to housing.
  3. Anyhow, here is the email I received from Positive money: View this email in your browser Dear Debbiebegood, We’ve made another significant breakthrough: This morning we were told that Parliament will debate the issue of ‘Money Creation and Society’ on Thursday 20th of November. Email your MP now to inform them this debate is taking place. This will be the first time in 170 years that Parliament has debated money creation. But we only have two weeks to ensure that Members of Parliament attend the debate - and also understand the basic facts about money! We need your help: 1) Invite your MP to the historic debate on money creation You can help make politicians aware of the issue of money creation by banks and all its negative impacts on the society. You can do this in just 2 minutes using the link below: Email your MP - Use our email template to get assurance they will be there. Phone your MP - This is the quickest way to let them know the debate has been announced and find out if they are planning to go. Tweet your MP - Include the hashtag #sovereignmoney in your message so we can follow your conversation 2) Tell your friends, family and colleagues We only have two weeks and we need as much support as possible. Share our campaign on your networks. Forward this email, or share this 3) Watch the debate LIVE on Live Parliament TV On Thursday 20th November you can watch the debate live online here. Thank you to the 2,000 of you who emailed your MP and got them interested in money creation! It’s thanks to your efforts that we have sufficient number of MPs interested in this debate. Best wishes, Dora and the rest of the Positive Money team www.positivemoney.org Share Tweet +1 Share Forward to Friend Facebook Twitter Google Plus YouTube Website Dora Meade Network Coordinator Unsubscribe | Update your profile | Forward to a friend Copyright © 2013 Positive Money All rights reserved. Positive Money · 205 Davina House · 137-149 Goswell Road · London, - EC1V 7ET · United Kingdom
  4. Oops! I just posted this new thread without realising that you beat me to it. Moderators,please remove my thread.
  5. Dear HPC forum, I hope that we can influence Parliamentary debate on money creation (which is one of our hot topics. I received today the following email from Positive money: View this email in your browser Dear Debbiebegood, We’ve made another significant breakthrough: This morning we were told that Parliament will debate the issue of ‘Money Creation and Society’ on Thursday 20th of November. Email your MP now to inform them this debate is taking place. This will be the first time in 170 years that Parliament has debated money creation. But we only have two weeks to ensure that Members of Parliament attend the debate - and also understand the basic facts about money! We need your help: 1) Invite your MP to the historic debate on money creation You can help make politicians aware of the issue of money creation by banks and all its negative impacts on the society. You can do this in just 2 minutes using the link below: Email your MP - Use our email template to get assurance they will be there. Phone your MP - This is the quickest way to let them know the debate has been announced and find out if they are planning to go. Tweet your MP - Include the hashtag #sovereignmoney in your message so we can follow your conversation 2) Tell your friends, family and colleagues We only have two weeks and we need as much support as possible. Share our campaign on your networks. Forward this email, or share this 3) Watch the debate LIVE on Live Parliament TV On Thursday 20th November you can watch the debate live online here. Thank you to the 2,000 of you who emailed your MP and got them interested in money creation! It’s thanks to your efforts that we have sufficient number of MPs interested in this debate. Best wishes, Dora and the rest of the Positive Money team www.positivemoney.org Share Tweet +1 Share Forward to Friend Facebook Twitter Google Plus YouTube Website Dora Meade Network Coordinator Unsubscribe | Update your profile | Forward to a friend Copyright © 2013 Positive Money All rights reserved. Positive Money · 205 Davina House · 137-149 Goswell Road · London, - EC1V 7ET · United Kingdom
  6. +1When I said the similar to the above the other day, my bank manager looked at me as if I was imbecil.In his opinion high house prices are great and we all will be richer this time next year. Yes, Del Boy. Unfortunately, 9 out of 10 people are sheeple like him.
  7. Yes.Exactly.This corruption and theft is not capitalism.
  8. +1These are the stories for gulible public: endless "cash rich foreign investors", "cash rich pensioners", "cash rich savvy investors",... who buy UK property in a never ending frenzy without ever asking for the price reduction. According to the media,they just buy and buy ( and even outbid each other) just to get their hands on a shoebox in dilapidated state in dangerous and rundown area. Of course, these cash rich ( between 5% and 100% "cash rich"?) "investors" even buy that 1bed flat with 1 year lease for more than half mil.£ as reported today. Something does not add up considering the above especially also considering that FLS funds should be much more than officially reported in order to DOUBLE the London property prices in less than 2 years. Wait, I remember that all London properties were "valued" at least a couple of £trillion 2 years ago, hence could it be that now FOUR £trillion chases that London property? Also,it is mainly the banks and other VI's manipulating the market by purchasing their own stock (with the money they create on their computer) through their proxies who buy in bulk.
  9. +1Great post.Not to mention that the original article is about unused Council homes that are ALREADY available, bur will be sold cheaply by the corrupt Council to the "developer" who will only develop his huge profit and saddle the taxpayer with the loss of Council homes + eventual banking loss from HTB etc. schemes that will "help" home buyers.
  10. Yes.If VI's buy all the bitcoins ( with Central and other banks virtual money), and since bitcoins cannot be created beyond the certain amount, then they killed the whole bitcoin market.After that, fiat currencies and their virtual creation will continue endlessly because there will be no competirion from bitcoin.
  11. As always, you hit the nail on the head.This is symptomatic of any nation.This destruction of everything in society will go to infinity because incompetent evil imbeciles will continue to govern incompetent evil imbeciles. The end result is the destruction of anything good that came out of western world including capitalism,socialism,democracy,... The self contradicting news pumped out by the VI's and their Governments and media are just another symptom of the fast approaching end. Age of pharaohs is upon us. In the 21st century humanity decided to revert back several thousand years and they love it.
  12. Italy and Spain 10year yields are very near UK's for quite some time.Obviously, despite all the official rhetoric, UK's economy is not that "succesful" compared to Spain and Italy, not to mention that they also do not have City of London's financial "talent" whose "financial service" should be cheaper for the UK than for other countries.
  13. UK 10 year yield has been falling from 3% last uear and now fell to 2.42% Why is this considering that they allegedly stopped QE,etc.? As usual,self contradicting statements from the Gov. , BOE,... Of course, some back door buying bonds buying with virtual funds backed by the taxpayer
  14. +1Keynes-fix the roof while the sun is shining. FED,BOE,Central Banks- Talk about the roof but do not try to fix it, while it rains. Repeat and rinse that to infinity
  15. Yes. BTLers are indeed classed as SME's and that is confirmed by the Bank of England. There are also many other leeches officially and unofficially been fed by the FLS,QE,..
  16. Could it be also that someone is buying the properties in bulk, hence gets the discount?
  17. Could it be also that someone is buying the properties in bulk, hence gets the discount?
  18. George Osborne refuses to answer 7x8=? Maths is not his favourite subject. He claims that he was "tested" on Maths. Was he more successful in folding towels at Selfridges than at Maths, and that is how his "hard work" landed him a finance minister position?
  19. Quote In London, prices climbed almost 26 percent during the second quarter from a year earlier, fueled by cash-rich buyers and foreign investors. End Quote They are blaming (yet again) the usual suspects - "cash-rich buyers and foreign investors". It looks like that these alleged cash rich buyers and foreign investors always somehow flood the market each time the Government introduces HTB or FLS, or QE or Special liquidity scheme, or ANY other backdoor scheme (on the Bank of England's website) to help the banks (and of course "help" the property buyers.) Anyway, how "cash rich" are those "savvy" foreign buyers? Are they 100% cash rich or 50% or ... 1% cash "rich"? If those "cash rich buyers" indeed exist in such huge numbers over the past 6 (or more) years, I bet that they took out huge loans on very high LTV from the UK banks, so we (the taxpayer) are all on hook if their loans are not being repaid. Not to mention that "rich" foreign buyer is surely not that much interested in the UK property which is usually small, in the poor condition and with a totally non existent yield. Over here in Lewisham (London's 3rd zone) the 2 bed Council flat (of 600 sq ft) in urinated building with drug and social problem tenants is listed for - £400k (?!) Two years ago this flat was listed (at the peak 2007 price) for - £160k. Many examples like that. Private tenants are moving out (anecdotal) because they cannot afford the £1000 per month rent. Go figure the net yield after maintenance and service charges costs. Surely foreign oligarchs or any "savvy" investor will not bid for that flat in order to rent it out or to live in (unless they were lobotomised). If anyone buys it on mortgage, then both them and the bank staff should be imprisoned and their assets confiscated, because that was a liar loan. After all this talk (for years) of those "cash rich" are those "savvy" foreign buyers, I still have not seen rich or rich foreign people in my area (where that flat is) despite the prices going up 2.5 times (!) on the 2007 prices. Instead, it is poor UK individuals (on liar loans) moving in or out of these properties. I hope that people will eventually realise that there are no cash rich buyers and foreign investors that media,VI's, Government, EA are trumpeting. Instead it is liar loans from mainly UK individuals + various City "funds" buying in bulk (same as in USA) Council and other properties with the help of the free Government's money.
  20. Of course.And that is what I have been saying for all this time.I never subscribed to the myth of "cash rich buyers" of any kind. It has always been Government's interventions with FLS,QE,... + City funds that buy in bulk thanks to FLS,QE,... and god knows what Government schemes.
  21. Spot on Count! Then again,if the house prices continue to rise they will blame it on (as they always did) "cash rich foreign buyers" or "cash rich pensioners",...
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