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macca13

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Everything posted by macca13

  1. Repeat after me.. the economy is fine.. the economy is fine.. the economy is fine.. ? A list of American retail chains that are going bankrupt, shutting down, or just closing hundreds of stores. The current list includes very prominent chains such as: Gap, Toys R Us, Vitamin World, Perfumania, Sears/KMart, Macys, JC Penney, Gymboree, Ann Taylor, Michael Kors, Payless Shoes, Bebe, CVS, Rue 21, Radio Shack, Abercrombie & Fitch, Guess, Crocs, The Limited, HH Gregg, Staples, and Game Stop.
  2. I’m the last of my mates.. everyone else’s has left! Only staying for the mother in law and a few old folks.. once they are gone I’m off.. God knows what London will become.
  3. You might be right.. In April Bloomberg News, drawing on a report by the US federal mortgage corporation Freddie Mac, investigated the possibility that climate breakdown could cause a collapse in real estate prices in Florida. It looked only at the impact of sea-level rise – hurricanes were not considered. It warned that a bursting of the coastal property bubble “could spread through banks, insurers and other industries. And, unlike the recession, there’s no hope of a bounce back in property values.” The sigh of relief from insurers and financiers when Hurricane Irma, whose intensity is likely to have been enhanced by global heating, changed course at the last minute could be heard around the world. This year, for the first time, three of the five global risks with the greatest potential impact listed by the World Economic Forum were environmental; a fourth (water crises) has a strong environmental component. If an economic crisis is caused by the environmental crisis, it will be the second crash in which Ridley will have played a part. https://www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2017/sep/13/hurricane-irma-capitalism-growth-economics-environment-financial-crisis
  4. I think it's more likely with beds in sheds and a lack of UK law more than half don't pay any tax anyway for the squalor they provide.. https://www.google.co.uk/amp/s/amp.theguardian.com/business/2017/aug/13/half-of-landlords-in-one-london-borough-fail-to-declare-rental-income
  5. Greedy land owners annoy me, everyone forgets that if you historically own land through inheritance at some point your family were slavers, they persicuted the poor and took from settlers to line their pockets.. we should have a South Africa style land repatriation, just go round punching rich toffs and stealing their farms.. that's how they got them in the first place.. id pay money to see Rupert and cuthbert downgraded to 15th story council flat.. ? The poor are starving, let them eat cake.. i joke of course..
  6. We are now told another crash would create bail ins, depositors would take hair cuts over 85k protected savings, share holders would also get screwed. The bankers would get another bonus.. blame it on the greedy poor, more cuts to services.. all back to one of their 10 houses for tea and cake, job done..
  7. My reason to believe in a house price crash is this: What happens when generation rent retire? Who pays the rents? Who pays the retirement home cost when they have no money/assets to sell? I think there has to be some point of collapse simply because the government can't pay for everyone.. so it's mass poverty or collapse or both.. I don't see cupcakes and rainbows with these rent prices..
  8. I've sold to rent, mainly as the jump from flat to house is about 250k + have 3 kids so my flat was too small, would have required a 300k + mortgage for something I would actually want to live in.. unless we moved tup north or stay in a 2 bed flat we did not have much choice.. i am still saving after paying rent.. but would need house prices to recede or collapse to make up my deposit.. 300k mortgage at top of the market was too scary!
  9. http://brucewilds.blogspot.co.uk/2017/09/former-bis-chief-system-dangerously.html?m=1
  10. It's total corruption from our government.. there are loads of articles about all the no good thieving MP's are doing.. housing is the single biggest problem in this country, not wages, raise wages and landlords just put their prices up and take away your raise.. lower house prices/rent and everyone in the long run will be better off.. more disposable income means the government could raise taxes, pay down the deficit, improve schools hospitals and infrastructure. high house prices stifle U.K. Growth by stopping entrapenuers, business startups and stopping people taking chances with self improvement.. i think they could be the most destructive thing within our economy..
  11. The countries going down, nothing to do with Brexit.. Europe is going down, everything to do with the EU. Migrant crisis, forced quotas , Euro wrecking economies.. before we bailed the banks it was $2 to £1 or 56p to €1.. the elites have destroyed the £ not Brexit.. if the elites want to stop Brexit then that proves it's a good thing.. anything they want from mass immigration to wars, to arms sales to the third world.. everything is motivated by greed.. so if they want it stopped it must be a good thing..
  12. Catalonia indipendance referendum https://www.google.co.uk/amp/s/www.express.co.uk/news/world/854715/Catalan-independence-referendum-Catalonia-Spain-Antonio-Tajani-European-Union/amp Austria far right and centre right coalition most likely outcome http://blogs.lse.ac.uk/europpblog/2017/09/05/the-right-is-set-to-be-the-big-winner-in-austrias-upcoming-general-election/ Germany merkle looks set for a win but a possible coalition on the cards. https://www.google.co.uk/amp/mobile.reuters.com/article/amp/idUSKCN1BQ14X Italy far right want to bring back currency.. http://www.express.co.uk/news/world/853143/Italy-eurozone-warning-opposition-parties-parallel-currency-euro all this whilst North Korea want to nuke us all.. and people worry about Brexit.. ?
  13. It's all the MP's second jobs, that's how money is pumped from the private sector into their pockets.. £650k mr Osbourn for 1 days work a week.. bullsocks https://www.google.co.uk/amp/www.mirror.co.uk/news/uk-news/shameless-mps-who-take-gravy-7788969.amp wonder how the crackdown is coming along.. they should all be in prison by now..
  14. How do you raise rents when everyone is skint and benafits are going down? we already have problems with key workers affording rent in London, I have spoken to a postman and a nurse who both told me they work to exist not to live.. not a wide survey I did but hey I bet they are not the only 2 out there..
  15. Same in all areas of business, seems to be consultants and sub contractors reaping the rewards, NHS is being raped by agencies.. 2 billion of our 12 billion foreign aid goes to consultants not those in need.. wonder what qualification you need to be a consultant, best friends, mate of a mate, family member?
  16. Also worth noting a massive teacher shortage just as £3 billion budget cuts are coming in.. not to mention schools round my way knocked down to build houses whilst numbers rise.. 35'000 teachers left the profession not including those that retired.. This country is "run" by idiots with no brains.. they don't deserve to be paid at all.. maybe they will privatise schools along with the NHS for their mates to get rich.. http://www.telegraph.co.uk/education/2017/09/12/half-teaching-posts-filled-unqualified-teachers-national-audit/
  17. So your theory is strikes equal the start of civil unrest and recession.. I think they signal that people may not be as well off as the government keep saying they are.. yes the rich are richer.. so conservatives have bought prosperity, to the top 5%.. i will keep saying it, it's not that wages are too low, it's that houses and rents are too high.. if we were spending less servicing our rent/mortgage we could drink in the failing pubs, spend money in the high streets on goods, pay more tax and fix the roads, hospitals, schools and add another 10 police to the force.. that would make 20 whole police men/women to protect us.. double current numbers.. it would take mass walk outs for extended period of time to crash everything.. however the government and businesses must increase wages to keep asset bubbles from popping.. or lifetime mortgages.. some dirty trick to make us all poorer..
  18. I can't afford to, 3 bed bungalow round my way £550k and £415k + for a semi detached.. cheapest at the mow is 360k for a proper rough looking place with homeless people living in the garden, rats in the kitchen and pigeons in the loft..
  19. The difference is most UK citizens go abroad with cash, otherwise Spain would not have an economy, can't run a country on oranges and lemons.. people coming to the uk barring Russian millionaires, Chinese property investors and Oil rich arabs come with little to nothing.. that's why we have so many HMO's and slum landlords now..
  20. Persecuted.. did you see the reaction after the storm hit in America and the islands south.. tourists having machete's waved at them to hand over their worldly goods, mass looting of big TV's and trainers.. always a favourite of looters.. houses without doors or roofs looted.. i sometimes think we are one disaster away from a civil war.. there are allot of nasty people in this country now, after the London riots you can see with police numbers a disaster like Florida and we would see massive problems as all 4 of our police take on 100's of rioters.. even a large property portfolio could not protect you.. ?
  21. Credit card debt higher than 2007 private debt higher than 2007 government debt higher than 2007 student debt... etc its all higher.. growth and low unemployment all propped up by QE and benefits.. China have to invest $8 to make $1 of return.. there economy is a basket case.. i don't know what will happen but this debt experiment can't end well..
  22. Ubar drivers on radio phone in saying the last 6 months has seen a massive fall in takings, having to work 70 hours a week to survive.. they were blaming too many Ubar cars..
  23. talking about the environment being linked to the economy, in this case the destruction in America. From reading there will be the insured and the un-insured, there will be the New Orleans and the brand new.. The have nots will be forgotten and swept aside like a dying man with no health insurance.. The have's will get new cars, new houses, new everything.. so the + for the economy is increase in sales and construction. Overtime for workers.. the negatives is an increase in homelessness and financially less people who are economically able to support themselves.. also big losses for insurance. Although I would imagine insuring all your new goods from the storm will get a lot more expensive and a lot harder.. cost to infrastructure replacement. something more substantial like a radiation leak in New York,, that would cause a crash I bet.. it's not fixable or profitable in any way and bet insurance companies don't cover it..
  24. Bank share warning signs.. http://www.iii.co.uk/articles/442896/chart-week%3A-bank-share-flashing-warning-signs
  25. I don't believe so.. can we sustain, all the food, petrol, electricity, water and materials of our current population, whilst maintaining, clean rivers, waste management, environmental health No way.. we reach sustainabilty day in August, oxford street has produced an entire years polution by end of January.. we are killing our country, planet and ourselves for money.. does not matter if you believe in climate change or not, the sea is rising, see chart below.. low land areas will flood and homes will go under water.. nothing to see here
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