Red Baron
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3.7% inflation is emphatically not low; over ten years, a relatively short investment horizon, it would wipe nearly 30% off the value of savings. Inflation is a thoroughly nasty animal which destroys savings and transfers wealth from the prudent to the reckless losers who have taken on unaffordable debt. Why should I pay for the mistakes of idiots who have paid too much for over-priced housing with mortgages they can't afford?
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What Are The Chances Of Santander Going Bust?
Red Baron replied to volvos60's topic in House prices and the economy
I got out of Santander (or Sanitarytowel as some call it) a few weeks ago and persuaded my mother to close her account too. It's an awful bank with appalling customer service and a bank insider intimated that it faces solvency issues and other major problems. -
My bell weather for inflation is Rymans and Halfords, both of which I used often. A black cartridge for my Epson printer which two years ago was £7.99 is now £12.99 - that's an increase of a massive 63%. In Halfords everything is 10-20% more expensive over the same period. As their turnover drops due to the recession they idiotically hike prices. That's Rip-off Britain for you - needless to say I no longer shop in either place, but buy online instead.
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Looks Like The Army Is Knackered Too.
Red Baron replied to bogbrush's topic in House prices and the economy
Dr. Peter Hammond has this to say about Islam. Islam is not a religion, nor is it a cult. In its fullest form, it is a complete, total, 100% system of life. Islam has religious, legal, political, economic, social, and military components. The religious component is a beard for all of the other components. Islamisation begins when there are sufficient Muslims in a country to agitate for their religious privileges. When politically correct, tolerant, and culturally diverse societies agree to Muslim demands for their religious privileges, some of the other components tend to creep in as well. Here's how it works: As long as the Muslim population remains around or under 2% in any given country, they will be for the most part be regarded as a peace-loving minority, and not as a threat to other citizens. This is the case in: United States -- Muslim 0.6% Australia -- Muslim 1.5% Canada -- Muslim 1.9% China -- Muslim 1.8% Italy -- Muslim 1..5% Norway -- Muslim 1.8% At 2% to 5%, they begin to proselytise from other ethnic minorities and disaffected groups, often with major recruiting from the jails and among street gangs. This is happening in: Denmark -- Muslim 2% Germany -- Muslim 3.7% United Kingdom -- Muslim 2.7% Spain -- Muslim 4% Thailand -- Muslim 4.6% From 5% on, they exercise an inordinate influence in proportion to their percentage of the population. For example, they will push for the introduction of halal (clean by Islamic standards) food, thereby securing food preparation jobs for Muslims. They will increase pressure on supermarket chains to feature halal on their shelves -- along with threats for failure to comply. This is occurring in: France -- Muslim 8% Philippines -- 5% Sweden -- Muslim 5% Switzerland -- Muslim 4.3% The Netherlands -- Muslim 5.5% Trinidad & Tobago -- Muslim 5.8% At this point, they will work to get the ruling government to allow them to rule themselves (within their ghettos) under Sharia, the Islamic Law. The ultimate goal of Islamists is to establish Sharia law over the entire world. When Muslims approach 10% of the population, they tend to increase lawlessness as a means of complaint about their conditions. In Paris , we are already seeing car-burnings. Any non-Muslim action offends Islam, and results in uprisings and threats, such as in Amsterdam, with opposition to Mohammed cartoons and films about Islam. Such tensions are seen daily, particularly in Muslim sections, in: Guyana -- Muslim 10% India -- Muslim 13.4% Israel -- Muslim 16% Kenya -- Muslim 10% Russia -- Muslim 15% After reaching 20%, nations can expect hair-trigger rioting, jihad militia formations, sporadic killings, and the burnings of Christian churches and Jewish synagogues, such as in: Ethiopia -- Muslim 32.8% At 40%, nations experience widespread massacres, chronic terror attacks, and ongoing militia warfare, such as in: Bosnia -- Muslim 40% Chad -- Muslim 53.1% Lebanon -- Muslim 59.7% From 60%, nations experience unfettered persecution of non-believers of all other religions (including non-conforming Muslims), sporadic ethnic cleansing (genocide), use of Sharia Law as a weapon, and Jizya, the tax placed on infidels, such as in: Albania -- Muslim 70% Malaysia -- Muslim 60.4% Qatar -- Muslim 77.5% Sudan -- Muslim 70% After 80%, expect daily intimidation and violent jihad, some State-run ethnic cleansing, and even some genocide, as these nations drive out the infidels, and move toward 100% Muslim, such as has been experienced and in some ways is on-going in: Bangladesh -- Muslim 83% Egypt -- Muslim 90% Gaza -- Muslim 98.7% Indonesia -- Muslim 86.1% Iran -- Muslim 98% Iraq -- Muslim 97% Jordan -- Muslim 92% Morocco -- Muslim 98.7% Pakistan -- Muslim 97% Palestine -- Muslim 99% Syria -- Muslim 90% Tajikistan -- Muslim 90% Turkey -- Muslim 99.8% United Arab Emirates -- Muslim 96% 100% will usher in the peace of 'Dar-es-Salaam' -- the Islamic House of Peace. Here there's supposed to be peace, because everybody is a Muslim, the Madrasses are the only schools, and the Koran is the only word, such as in: Afghanistan -- Muslim 100% Saudi Arabia -- Muslim 100% Somalia -- Muslim 100% Yemen -- Muslim 100% Unfortunately, peace is never achieved, as in these 100% states the most radical Muslims intimidate and spew hatred, and satisfy their blood lust by killing less radical Muslims, for a variety of reasons. 'Before I was nine I had learned the basic canon of Arab life. It was me against my brother; me and my brother against our father; my family against my cousins and the clan; the clan against the tribe; the tribe against the world, and all of us against the infidel. -- Leon Uris, 'Adapted from Dr. Peter Hammond's book: Slavery, Terrorism and Islam Haj' It is important to understand that in some countries, with well under 100% Muslim populations, such as France, the minority Muslim populations live in ghettos, within which they are 100% Muslim, and within which they live by Sharia Law. The national police do not even enter these ghettos. There are no national courts, nor schools, nor non-Muslim religious facilities. In such situations, Muslims do not integrate into the community at large. The children attend madrasses. They learn only the Koran.. To even associate with an infidel is a crime punishable with death. Therefore, in some areas of certain nations, Muslim Imams and extremists exercise more power than the national average would indicate. Today's 1.5 billion Muslims make up 22% of the world's population. But their birth rates dwarf the birth rates of Christians, Hindus, Buddhists, Jews, and all other believers. Muslims will exceed 50% of the world's population by the end of this century. Adapted from Dr. Peter Hammond's book: Slavery, Terrorism and Islam:The Historical Roots and Contemporary Threat -
Boe: Approvals Up 5% To 60,518
Red Baron replied to cupidstunt's topic in House prices and the economy
Sorry, the fools who have bought houses in the last two years will rue the price they paid for another decade. They are sliding down a bannister of falling house prices in order to sever their scrotum on the inevitable newel post at the bottom of the stairs. What is wrong with these idiots? -
Precisely. She must imagine that we can continue to grow a 'faux economy' based on shopping and selling each other our inflated housing in an illusionary world in which halfwits like her live. The future for the UK is a very bleak one indeed. Over the last 100 years there have always been new technologies on the horizon in which the UK excelled and which would collectively pull the country out of recurring recessions: radio, plastics, radar, aviation, electronics, computers, North Sea oil to name just a few. We have nothing like those new and genuinely wealth creating adventures before us in 2010, just the miserable prospect of propping up a fragile economy with printed money, socially useless 'financial services' and M&S shopping. Meanwhile we are forced to contemplate the means to finance a decade-long drunken party which was funded by so much debt that it has left the nation bankrupt.
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Truly Awesome Destrution Of Wealth
Red Baron replied to M21er's topic in House prices and the economy
Really, what sort of a prat would pay that money for a miserable flat in Wales of all places. -
False Picture Of Property Recovery Emerging
Red Baron replied to SarahBell's topic in House prices and the economy
What part of the country is the estate agency you work for based? -
Fergus Wilson's Words Of Wisdom
Red Baron replied to ScaredEitherWay's topic in House prices and the economy
The Wilson's are worthless because they don't understand property cycles. Fergus is as thick as shit and seems incapable of acknowledging that wealth actually equals 'equity minus debt'. He shares this distinction along with thousands of other BTL oafs who laughably claim to be multi-millionaires yet are actually hopelessly under water. Why is it that these BTL people are always fat yobs or unintelligent and inconsequential upstarts? -
Liberate yourself and rent for the forseeable future. Only a big fool would buy property at the moment - it will be a lot cheaper in 2-3 years so keep your powder dry!
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It's about following disasterous policies designed to keep Brown going to the next election; it's about solving today's problems with those of tomorrow and damn doing the right thing. And Brown has his very own bum-boy to do his bidding - that weak sap Mervyn King.
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The Wilsons thread ---merged
Red Baron replied to Uriah Heap's topic in House prices and the economy
And it will be up on eBay soon. Face it, they're bust. -
The Wilsons thread ---merged
Red Baron replied to Uriah Heap's topic in House prices and the economy
Difficult to predict with any precision because the story from the Wilsons is constantly changing. Based on debt/equity figures they issued last year (which simply didn't make any sense) some observers reckoned their balance sheet was already up to £10 million under water. Suddenly deciding to sell the whole portfolio suggests that their lenders could be making margin calls. I reckon they are bust.