Dreamcasting

Strange, because all I see is people with lower competency today than 20 years ago. Go into any workplace today and all you will see is utter chaos and headless chickens. Certainly nobody there with any real skills.

In the grand scheme of things, house prices are a minor inconvenience for any political party. The Tories and Labour party are the best of friends who have it pre-arranged who gets the baton next. It's just the common idiot (i.e. 99.9% of the population) who actually think their vote is influencing anything, whilst all their vote is serving is more of the same. Even a dog knows this.

Surely people have been aware for many years by now that the BBC is just 100% pure propaganda? They don't need to justify anything to anyone. How many complaints have been made about the BBC and how many have been upheld? In any case, the adjudicators are made up of the same types of people who control the BBC, think the same way, do the same thing, and have a common purpose.

Interest rates are going up once you've lost everything (TM)

People will just spend even more with rising wages, just like they have through ZIRP. The only way out now is big interest rate rises and the sheep thrown to the dogs.

Carney is following instructions to the letter. The BOE is not independent from the government. It's just been made out to appear that it is to shift the attention away from cheating MPs. The next guy after Carney in 2020 will be just as bad, if not worse, depending on the orders given.

What happens if the money you make on your house sale gets massively devalued? No house and no money.

No, because I have no credit history (never borrowed anything), nobody would want to lend money to me. I'm too far gone to start this scheme at my juncture in life and my house is fully bought. I bought into the market when everything was sane and fairly priced, and I have managed to live a reasonable lifestyle under such fairer times of the past. BUT, if I was 25 years younger with no house, assets and a dim future, then oh hell yeah, i'd be all over my suggestion.

Which is why holding cash is dangerous. You're actually safer getting up to your eyeballs in debt than holding large amounts of cash. It's the way the system is designed and administered. Might as well go on a debt binge for 10 years and have a really good lifestyle than save and hold cash. The debtor will have had a great lifestyle followed by two fingers. The saver will have had an average lifestyle at best with a big fat zero at the end through inflation.

Sorry, meant 10 years,

Things going well here. Almost everyone I know is in employment, albeit not full time for around 25%. Everyone's been paying off debts to the past 10 days thanks to ZIRP. I'm seeing plenty of happy smiling people walking around the town centre and local retail parks with carrier bags in hands whilst the partner is loading the new TV into the back of the car

The 'living for the moment' thing is over-rated when it comes to new cars. After a few weeks, it just becomes an ordinary car, nothing special. Brand new cars are a complete waste of money.

Everyone is an expert. (on the Internet)

Yes, which will in turn increase house prices by £10,000

Really is a non story. People have been moving around the world to live since day dot. The vast majority of young British people stay put however and certainly do not go off to live in another country because of the cost of housing here. Besides, doesn't matter where you go, there's problems of some sort that you can't escape.

It's a system. The governments decide what anything is worth, intrinsically or not. Go against the grain, and you soon find your way to the poor house.

Tory == Labour Labour == Tory Surprised some people on this board don't already know this.

And you think it will go in your favour? Let me tell you, if debt gets written off, so will your savings.

We're talking about a man-made, manipulated debt-based system here, not the weather. If you've been watching weather forecasts for decades, you will once again know that it isn't always right. Nobody has control over mother nature.

Tony, you really need to stop. The system was never designed to help good honest hard working people. None of what's going on is new, it's been happening for decades. How old are you? Credit can and will continue to be created. Those who designed and own the system can do whatever they want, which can also mean wiping out anyone with anything in the bank. They despise people with savings because you're not playing by their rules.

Damn, are people here only just NOW realising that the entire system is all debt based? There won't be any market crash. Like I have said before, if you have savings, you WILL continually lose them year on year, probably a lot faster than people expect, plus have no house or anything else. Meanwhile, overleveraged Chad down the street continues to live in his £5M house with 3 holidays to Oz each year and 2 Porsche on the drive.

There's a lot of tricks up the sleeves of TPTB yet to come out. This monster can, and will likely play out over many more years yet. Yes, the majority of people will be poor at that point, but that is the end goal. You haven't seen anything yet.

And then steal savers money to pay for it all. Again.

Oh dear. No wonder the government and banksters get away with what they do.

Who said anything on TV is the truth? I certainly didn't.