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Tiger131

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About Tiger131

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  1. The jig will be up when Quantum computers can crack the Blockchain. All technology is eventually rendered obsolete, Bitcoin is no exception. For the moment, the public-private key encryption techniques on which bitcoin and other cryptocurrencies are based cannot be broken by a quantum computer. But Google’s researchers, in their paper, predict that quantum computing power will continue to advance at a “double exponential rate,” so those bitcoins may not be safe for all that much longer. https://fortune-com.cdn.ampproject.org/v/s/fortune.com/2019/09/20/what-is-quantum-supremacy/amp/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From %1%24s&ampshare=https%3A%2F%2Ffortune.com%2F2019%2F09%2F20%2Fwhat-is-quantum-supremacy%2F
  2. Can't save a deposit but will be able to pay the council tax, bills and maintenance, Insrance, heating, electric, decorations, carpets, furniture, appliances, perhaps new kitchen etc. etc. etc. the list is infinite. Good luck with that. Getting the roof done on even a small house can cost upwards of 10k nowadays and most older houses need new roofs.
  3. We just need to get rates lower and do more QE init. I'd wager the UK is 0.25% by Christmas next year.
  4. We just need to get rates lower and do more QE init. I'd wager the UK is 0.25% by Christmas next year.
  5. Unless something is done to curtail immigration, particularly of people coming in with zero wealth we are looking at a Soylent Green future with people living on the stairs and landings of tower blocks. A possible mitigation could be for councils to relax the planning laws and allow a lot more American style trailer parks. That could work for peole who have dropped out of the labour market for whatever reason and no longer need to live in urban areas for work or schools etc.
  6. With immigration alone increasing the population by 3 million every 10 years there is a vast amount lot of housing that needs to be built just to maintain the status quo. Millennials are in the unfortunate position that they will not only have to pay for their own housing but will also be taxed heavily to pay for somebody else's provided social housing as well.
  7. Pathetic isn't it? I happen to know people who aren't even on the electoral register let alone bother to vote. It's a illegal finable offence, the only reason being that they can never "be bothered" to fill in the form or even easier go online to register.
  8. I just read an article about Quantum Radar and computing, apparently quantum radar is able to "see" stealth aircraft potentially making the latest generation of stealthy aircraft obsolete. The same of course goes for hypersonic missiles which render aircraft carriers obsolete as they have no defense against then. Quantum computing and AI together will open up a brave new world renndering many of todays technologies completely obsolete.
  9. Why should it "free up funds"? Unless I'm mistaken it is unfunded deficit spending, but in this day and age not adding another 100 billon to the national debt is seen as "saving" money to spend somewhere else. I would hope that HS2 is actually cost neutral (sic) to the taxpayer as the idea is that it will be privately run so should pay for itself over eons from operating profits (stop laughing).
  10. The mass of the population dependent on government handouts is about as capitalist as Karl Marx.
  11. I'd like to know why getting the money to pay the state pension is such a problem but paying the benefits bill for an ever increasing population of negative taxpayers is affordable? Given current social trends that many households end up as single parent families and are dependent on housing benefit and tax credits. It's difficult to see how adding massively to the population won't just create more of a burden on the tax payers who are paying a positive nett tax contribution.
  12. There is so much "public sector" work now done by the private sector that the UK would virtually be a communist state of it was all privatised. Also anything done by the public sector has an associated unfunded defined benefit pension which they seem very happy to boast about when advertised. So we end up paying the wages of public employees twice, for 30 years when they work and another 30 years when they retire.
  13. Chancellor's could easily get rid of stamp duty, it's just a very lazy way of raising money that was supposed to be a transaction tax on expensive properties. How about the raidcal measure of saving some money for a change, remember the famous long forgotten about and presumably abandoned "Bonfire of the Quangos"?
  14. I said the best people can hope for is a crappy house or flat, with the emphasis on crappy and hope, the worst doens't bear thinking about. As I said my grandparents generation were living in run down terraces with a "sitting tennant" protected tenancy rent of £15 a week, but at least they had their own space easily covered by their DHSS rent allowance. But if the population of the country continues to rapidly expand (the government has given up on immigration control so nothing will change) obviously millions of people, including retired living in their private LL owned, HB paid for house will eventually be completly unaffordable for the state. Then old people will have to live in communal housing, perhaps crappy state or private HMOs or even god forbid hostels. It all really goes to show how uncontrolled immigration has wrecked standards of living as public money has to be spread more thinly. Not the future that people imagined for themselves at all.
  15. I think it's just a lack of supply in "good areas", the estate agents are getting so desperate for stock they are sending us letters telling us they have guaranteed buyers waiting for our houses, which is probably true as most seem to sell within a week and some don't even apper on Rightmove, you just see a sold sign go up. It's difficult for free markets to operate with a lack of supply.
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