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Everything posted by frankvw

  1. Just to emphasize the other bit of the post. Worse, much worse, would be better in my opinion as it will kill off the zombie economy. But if he collapses the economy, or Blair performs a coup and throws the country into chaos, causing economic chaos, then we get a reset. We don't have a functioning 'economy' at the moment. The current neo-liberal conservatives-nulabor regimes need purging. Not just the lunatic social policies of neo-liberal orthodoxy but more importantly, the diseased, crony capital, debt laiden money printing economic model. Pretty sure Corbyn will fix or halt that in one way or another. Either deliberately or inadvertently.
  2. Under the Tories, your life WILL get worse for anyone under 50 or who doesn't already own property (there are growing numbers of folk near or in the boomer range who are without a home and they are even more fooked than under 50's). You have to do something. You simply cannot abstain or vote for a party who are making you their bitch. Need some Gandi or Mandela fight in you. So, either you become an anarchist and start rioting, smashing things up, etc., (which isn't a good idea for the average person who just wants to lead a normal life). I personally believe we are heading for social unrest as social movements and changes happen in fairly regular cycles throughout history. Proably something to do with quantum mechanics and the attraction of water molecules under gravity to the moon. There's something deeper in natures cycles than we understand currently. If you have never read 'The Fourth Turning: An American Prophecy' by Carmen Reinhart and Kenneth Rogoff and their other book 'This Time Is Different: Eight Centuries of Financial Folly', it's definitely worth a read and underpins alot of other (better) works on the longer term influences of Elliot Wave theory in markets. We are due a fourth turning, from their research (an era of mass social unrest, breakdown and anti-establishment movements). Like forest fires are natures way to blow away disease and decay and start afresh, when needed. You have to vote Corbyn. At least that is a change. Unless he back peddles on a lifetime of beliefs, once in office. But if he collapses the economy, or Blair performs a coup and throws the country into chaos, causing economic chaos, then we get a reset. We don't have a functioning 'economy' at the moment. The current neo-liberal conservatives-nulabor regimes need purging. Not just the lunatic social policies of neo-liberal orthodoxy but more importantly, the diseased, crony capital, debt laiden money printing economic model. Pretty sure Corbyn will fix or halt that in one way or another. Either deliberately or inadvertently.
  3. George Soros will be there, no doubt. Blair will be his leg man. Brexit reversal, more debt, unlimited immigration and money printing the chief policies. It's a sickening situation at the moment. I am naturally anti-Corbyn but I will be voting for him next election. In the hope he destroys the economy. If he doesn't, then that could be equally horrific (a guy who visited the Calais camps in the recent past). I'll give him the benefit of the doubt. He is the only one who appears capable of breaking the neo-liberal stranglehold. Assuming he doesn't just reverse a lifetime of behaviour once in office. We have seen that plenty of times (I'm looking at you Clegg and Cable). I just cannot vote Tory. And they are the only party I have ever voted for. Equally, there is no way I am not voting and giving those B****** a clear path. I was a lifelong Conservative voter but the current neoliberal incarnation sicken me to the pit of my stomach now, second only to a NuLabor ressurection. They are not Conservatives in the traditional sense.
  4. It is far, far worse. I employ a lot of contractors when I have installation jobs and the electrical and decorating trades seem quite hit by all this, whenever I start talking to folk about their situations and where to post invoice receipts, etc. Homelessness means no permanent address. I would estimate that to be about x1000 greater than rough sleepers in doorways. It is the invisible homlessness. And bear in mind, according to shelter and others, the visible rough sleepers you see in door ways are themselves just the tip of the iceberg. The serious rough sleepers are also invisible as they tuck themselves away at night in places you wouldn't see. The UK is approaching 3rd world levels of homelessness. No Permanent Address This is the bit the media never mention. Couch surfing, staying with family, BnB's, hostels, AirBnB's, etc., has serious consequences to individual lives. Strictly speaking,without a permanent address, you can't obtain a driving license, obtain credit, pass credit checks or DBS, claim welfare, and you will also have difficulty obtaining doctors appointments or registering for voting without a permanent address. People seem to think you can just phone up a local council and they will fix you up. They won't. Unless you are a single mother, disabled or elderly. Anyone else will be on the streets. And once there, they can find it very challenging to crawl out of that hole back into mainstream society. We pay more tax than ever before in history and all it seems to be used for is bank bailouts, quantative easing, BTL tax breaks and obscene bonuses paid to the largest national home building firms, off the back of HTB tax subsidies. I just don't understand why a lot of the younger folk, whom are really hit by the homeless problem in the UK, are not really angry.
  5. Ah.. stoke newington... acid attack capital of the Uk. Living the dream, baby!
  6. Whenever I see this guy, I always skim read his articles as 'RuPaul'. Calling Doctor Freud....
  7. Love Daily Mash. Used to love the Rockall Times in its heyday too. One of my favourite films of all time, idiocracy, was an enjoyable but ridiculous satire set in the future, when I saw it a decade ago. Yet all the things it discussed are in mainstream society now such as electric, driverless cars, cashless society, big brother, auto-trading markets. Including a reality star as a president and a CEO of Carl's Junior in his cabinet. Isn't that why Mad magazine closed down? Seem to remember that the editor said that the things they printed as satire and ridiculousness in the 70's and 80's had become so mainstream that magazine has just become another news source nowadays.
  8. Hi, I'll PM you, I'm in. Pretty busy at the moment and for the next month at least but when you are back online, we can discuss a bit more. If you want to GUI it and cross compile it for linux/mac/win/iOS/Android/Browsers, and get it onto datacenters for enterprise data mining, I can help you out with that. Is it open source? Or have you though about kickstarting, if you want to make some cash for it? Sure alot of folk on here would fund a kickstarter for this kind of thing. It would be beautiful to take on the bull***** indices with a serious opensource tool.
  9. You can read online the various freedom of information acts refused over the years about BoE and BoE Nominees. The specific question that has never been answered relates to : The Bank of England Act 1946 does not mention the words Own or Ownership. According to the act, Bank of England's Stock is to be Held by for the treasury by a third party and the Bank of England must pay 25% of it's profits to the treasury. To hold an item is not the same as owning and item. When the BoE blurb says 'wholly owned', this is questioned as to where, in any of the legal statutes, does it use the words owned or ownership. 'Wholly Owned is crouched in a bunch of legalise and provisos in their literature but they have never expilicitly shown how this relates to the wording of the statutes and its articles, which clearly never mention state ownership. There is another act relating to the Bank of England which protects the privacy of the owners of the Bank of England and so to make the list of owners of the Bank of England public would be a violation of that act.
  10. Delaware is a popular PO Box address for Corporations to register, due to tax and privacy reasons specific to that state. Some of the world's largest corporations have headquartered in Delaware, while their 'Real' head office maybe somewhere else like Manhattan, London, Tokyo, etc., The Royal family are believed to be 'junior' directors in the company but as to the others, you can search that out easily enough from the history of the BoE, amongst other sources. It can be thought to be culturally sensitive, so it's best to research yourself as forums like zerohedge rapidly divert into other topics when the BoE and Fed are discussed in this respect. Which personally I dislike. The only issue is that indebted citizens, sky high land values and wage surppression are very much in the interests of the Bank of England as it makes their owners pretty much some of the wealthiest folk on the planet. Under state ownership, the BoE issued debt to build infrastructure after the devastation of WW2, to rebuild the country, including a massive house building programme. Once the citizenry built the place back up again, issuing bond debt for national infrastructure was no longer a priority. Hence the large privatization of public assets and bank of england 'independence'.
  11. Bank of England issues the debt for the interest to flow to their owners. Of course, several freedom of information acts have been refused over the years, on grounds of National Security, as to who exactly are the bond holders of the holding company, Bank of England Nominees, registered in Delaware State, US. However, the small number of families who are the majority owners are informally known, if you believe the conspiracy theories. Suffice as to say, they also have controlling interests in several of the largest Banks and Exchanges, so issuing debt is very much in their personal interests. Heavily indebted citizens and sky high land values are very much in their interests. Coincidence that several central banks around the world were given 'independence' around the same time, 20 years ago? I think not. In the case of the UK central Bank, it did seem to fall into public ownership just after the War right up just until 1997 independence.... just as the last major WW2 debt repayments were made. Now there's a surprise.
  12. Is that right? Do you mean N.I.? Not the Republic? I have a family member in Dublin and their neighbours house sold recently for a level above 2008 peak, around 600K euros, way above the average salary, same sort of situation in here really. Though I have seen some absolute bargain prices if you want to live elsewhere in the Republic in the more remote areas West or South.
  13. LBC this morning was an absolute onslaught on the Nick Ferrari morning show (he is a huge cheerleader for house price inflation so no critical analysis of 'guests'). It was just one after the other, some bloke from Savills, then another estate agent group, then bloke from council of mortgage lenders, CEO of Galliard house builder, some other think tank fella. Absolute onslaught, one after the other asking for more government props into the property market (like there isn't enough tax-payer funds subverted into property lobbying already!). It's been across the media for a good week now, definitely some big lobbying plan afoot by the mortgage banks and corporate house builders. Guess we'll find out in a month or two when Phil Hammond announces the latest new subsidy or other. Deomocracy my a**. Shower of sh**.
  14. Apparently, this week, the Tories will be forwarding discussions of 'Capitalism' to educate younger voters about the dangers of socialism. Quite a feat when infact the Tories implement 'Crony Capitalism' and not 'Capitalism'. It's quite some bare-faced cheek for the current Tory party to even enter into the debate. We have entered a parallel 1970's universe where it is no longer the unions controlling the economy via their grip over government. Now we have the Bank of England, Cartel house builders and bailout-banks controlling housing supply and credit and it's in their interest for the housing crisis and rents/house prices to get even worse. As well as the Buy-to-let MPs. It will be interesting to watch the ever more farcical deviation of tax payer revenues into the housing market over the coming years. The 70's didn't end well either in this respect. It's just staggering now. The 'in-your-face' corruption of it all.
  15. Check out this guy's blog and youtube channel. http://vandogtraveller.com/
  16. Incredible our UK 'democracy'. Consider Gideon Osborne. He introduced HTB, a state subsidy to try and not only bridge but indeed push higher the gap between the fantasy subprime valuations of the 2008 crisis, sitting on Bank balance sheets, and the levels the market would determine in a functioning economy. He then goes off to work for the evening standard. Ever read the evening standard lately? It's pretty much half a paper of news and sport, the other half adverts for £500K studio flats in London sold on the Help-to-Buy scheme. Osborne had never had any previous experience of newspaper journalism or as one of the most demanding jobs in media, the chief editor. Jobs usually occupied by grizzled 30-40 year veterans of the industry. Of course, as several independent reports have shown so far, help-to-buy has pretty much had a 1:1 affect on property prices and house building corporation profit increases since introduction. State subsidy completely swallowed by a small number of connected house building corporations. https://www.theguardian.com/money/blog/2017/oct/21/help-to-buy-property-new-build-price-rise Then you have Cameron who has been regularly photographed at social events with some of the largest land owners in the UK and bosses of the large house building corporations, including a home bar-b-q event with ex-Persimmon boss Jeff Fairburn (the £100M bonus guy). Not forgetting he is married into one of the largest hereditary land owners in the UK, the Astors. Samantha Cameron's brother, William Waldorf Astor IV runs the fund management company, Long Harbour, that was caught up in the recent leasehold scandal and owns the freeholds of more than 160,000 london properties implicated in unfair practices. And you get to pay for it for the next twenty years. Not just the help-to-buy state subsidies but the whole festering, putrid scam from Banking bailouts, to quantative easing and ZIRP to term funding and buy-to-let landlord housing benefit receipts and tax evasion. What's the saying? Prisoner's building the bars for their own prison?
  17. Don't worry. Teresa announced some targets and reviews or something the other week so everything is probably fixed now. Phew. Panic over. The Bank of England is printing money like a Zimbabwean president, the tax payer is funding the house builders, help to buy, housing benefit for Buy-to-let landlords, banking bailouts. Everything seems fixed and sustainable going forward. The future of affordable housing is assured as we progress towards a futuristic utopia of flying cars and sky cities where people spend leisurely days making art and discussing philosophy, freed by technological progress and scientific wonder.
  18. I will be voting Corbyn precisely for this. Idiologically, I could normally never vote for a 'Corbyn'. However, voting Tory will just make the current situation really bleak for the future. The Banking and House Builder Cartels can keep their tentacles around the likes of the Tories, LibDem, NuLabor types for quite a while yet. It could easily play out like a true ponzi scheme, with ever increasing Help-to-buy, BoE money printing and ZIRP, Term Funding, etc., etc., until it becomes apparent to the general bloke on the street that all the gains at the top of the pyramid have been harvested long, long ago and they are infact facing a long, grinding trudge to a victorian era dystopia. Until that time, there are enough boomers still alive and folk thinking HPI++ to infinity for the plates to spin quite a while yet. There will be a 'Third Turning' at some point but in the absence of a Black Swan, and the ability to continue printing money and importing immigration in huge numbers, that could even be 10-15 years away. I don't think Corbyn could get away with full chimp 'venezuela' in a global economy with Blair Nulaborites chucking dung in the background. If you read his policies, it sounds more like the Scandanavian Social Democratic model. Which is sort of socialist but not quite. I used to deal with businesses in Sweden and Finland a while back, spent some time out there. The social side is very 'socialist' but businesses can get away with some pretty full-on capitalist practices. Not the state subsidising, cartels and crony capitalist crap the Tories and NuLabor have inflicted on us. If you work for yourself or own your own business, have a few foreign bank accounts and crypto wallets, you can pretty much decide how much tax you want to pay anyway, irrespective of any particular government. So whatever Corbyn would do probably has little major affect on my life personally. Corbyn is the only realistic possibility of resetting the system. If he pulls of a nordic social and economy policy, I have little problem with that. If the economy collapses or he gets ousted by a Blair coup a year or two into premiership, the chaos that would cause could reset the economy anyway in a more brutal way. No pain, no gain. Again, I can export my services and disappear off the system as I need, so I would quite welcome that tbh. People spend a lot on crap anyway, if you look at bare, basic needs, you can live on surprisingly little when you need. The big increase has been rents and house prices over the past two decades. That will only get worse under Tories, NuLabor or LibDem.
  19. Someone needs to start a Westminster e-petition to ask Teresa May what she is going to do, after having halved her governments house building pledge already, after a weeks, how she is going to even meet that if the market house-builder cartels are refusing to co-operate. Not in their interests. Corbyn will have something to say about that, at least, if it gets a debate. Also, if a market solution is sort, release central government control over local authorities so that they can stimulate 'the market' themselves. Of course, petition will probably get zero traction. The housing market has become a casino populated by gambling addicts. Housing speculation and money printing has never gone wrong in the past, has it? We live in a soundbites era. Teresa said she was going to build houses, so everyone just assumes everything is under way, nothing to see here. Panic over. It's all gone down the memory hole now, all forgot, all sorted. Even though none of the press followed up on her revision of their targets. Even though the Cartel house builders are working in tandem and increase profits for Directors and shareholders by making the crisis worse. Until a few years down the line when folk discover maybe 50K houses were built instead, immigration boosted and billions more printed by the BoE to pump house prices even further. "How can we fix the crisis?", the Guardian/BBC will bleat. While winking.
  20. I like it! Can try this also: http://www.itv.com/news/london/2018-03-14/shepherds-bush-mcdonalds-plays-classical-music-to-cut-down-on-anti-social-behaviour/ Personally, I would just buy those water cannons that Boris was trying to sell when major. 'Smart' methods do fascinate me though. You can buy phone and wifi signal distrupters also. Kids soon start going into withdrawal if their phone isn't working for more than a few minutes. Also had a friend who was an engineer and had noisy neighbours. He rigged up a stereo disrupter. Put it alongside adjoining walls and it would completely trash the sound coming out of Televisions and stereos. After a while of Pablov dog training, they worked out that playing their music at low levels was the only way it wouldn't distort. OMG.... I've turned into my father.....
  21. And I have to say, it's a fundamental misunderstanding of economics this 'competitive bidding' argument. Of course there is competitive bidding but however you describe it, quantative easing is money printing in modern, digital economy parlance. Plain and simple. There was also lots of 'competitive bidding' in 1920's Weimar Germany republic. Lots and lots of it. Look it up. There was lots of people who wanted bread and groceries, competitively bidding against each other at the stores. It was evidently demand then that was driving up the prices of bread and groceries. Obviously. There's causes and symptoms.
  22. I nicked it from a Telegraph article but another poster used it way before me, it's somewhere in the 'Favourite Charts' section. There is a bit of to-and-fro in this thread about supply and demand and of course, there has to be a supply element to demand and competitve bidding but it is the smaller element. It is more a symptom than a cause. Central Banks and Quantative easing, money printing, with neo-liberal repeal of nearly all the 1930's 'Great Depession' finanacial acts, together with the sell out by media persoinality polticians like Blair, Cameron, the Clintons, etc., was the step change. I said above, I bought my first property in my mid twentees in a now upmarket London area for 2x my salary. It was easy to do if you worked regularly and had a savings account. I earned a good wage then but I wasn't a big hitter by any means. A couple of things I notice between then and now. Nobody back then owned multiple properties. Or a least it was rare. Often an inheritance or the professional landlords only. Often elderly guys in a camel skin coat driving a volvo estate and moaning about the local authority. I was speaking with a guy I went to college the other week, haven't seem him in a while. He has never been a big earner or had any inheritance. Maybe a few years back in the tech bubble where he had a couple of years £100k+ apart but during the last decade, he has been a freelancer in and out of work. He owns two one bed flats in Croydon, 3 bed house in Redhill and 2-up-2down in Epsom. Basically, everytime he owned a property and moved, instead of selling, he converted it to a BTL and the Bank was happy with that. Even when he was in trouble a couple of times, the banks extended terms, allowed holiday payments, etc,. Again, something that banks would never do before. So there's no way he could have accumulated that before 1997. I also overheard a couple of workers in some form of governemnt office, in a cafe near work the other week, comparing portfolios. One had 3 local properties, the other 5. Working in a government office job. That's a huge step change. Banks before would never do that. Too risky. UK banks I bet are sitting on a vast pyramid of leveraged protfolios, I bet. Goverment acking of a high-house price economy is probably necessary as many UK banks are probably still bankrupt even now without high valuations on their balance sheets. But the government is making the housing market and Banks a state subsidised industry now and using the tax payer to back it up, with the BoE providing the machinery. You will never match supply and demand because you have introduced moral hazard by Bank bailouts, corporate scale House-Building Cartels and an impicict guarantee that the government will make housing a one-way-bet through every election manifesto and policy and every tool at the BoE's disposal. You could concrete the whole of the UK from Birmingham to Truro and as long as the political parties are saying 'no house price falls and negative equity', it's a one way bet and more supply will probably do nothing to prices in this context. Back in the crisis in 2008, when credit froze (because of property speculation) and house prices started to fall, all the parties were desperate to avoid 'negative equity and falling prices' headlines, as the Tories were crucified during the previous property bust. However, by subverting the market, nobody considered the flip side. By trying to prop-up an artificial market price with state intervention (prices arrived at by fraud, LIBOR manipulation, Subprime bond mis-selling, application liar-loans etc.), you are asking the future tax payers to make other people's lives cosy at your expense. Not in an altruistic, christian way but in the worse example of fraud and greed in financial history. I don't think that will work out as the boomer generation die off in increasing numbers. It's not a young vs old either. That demographic stretches to nearly 50 years old. And a fair few 'young' boomers upto late fiftees that may also have been caught in the maelstrom themselves and facing an even bleaker future than younger generations. Multiple home ownership, foreign ownership/speculation and EU immigration are the oil in the Money printing ZIRP machinery of the Bank of England and globally, in the central banks of other nations. But they are just that - the oil - the central banks and polticial parties are the machine. There's no free market capitalism here. Adam Smith is spinning in his grave. It's absolutely unprecented in history the levels of debt, money printing and interest rates. And for a good reason. We've seen this crap since biblical times and there's plenty of religious books, fallen empires and historical accounts that warn what happens in the end. At the very least, I don't think this level of state subvsersion of a human necessity is compatible with freedom and western democracy.
  23. I can tell you myself. I bought my first flat in Putney, S.E. London, 2 bedder for £75K in 1994. It wasn't very difficult, I had a choice of a couple more, could have got a bit more bang for my buck if I had gone further south to Wimbledon. That was about 2 times my salary at the time, I put down a £4k deposit on a 15 year mortgage.
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