Jump to content
House Price Crash Forum

frankvw

Members
  • Posts

    159
  • Joined

  • Last visited

Everything posted by frankvw

  1. I used to go surfing at the winter/spring tidal changes in Cornwall, when I was a nipper. End of February, beginning of March each year. In the North Atlantic in a semi-winter wet suit. Sometimes snow or frost on the ground. It didn't kill me. I've also camped in US National Parks in Winter in -10C to -20C, just a winter tent, sleeping bag and a bear skin rug. I'm still here. Humans have lived in the arctic circle for at least 20,000 years. And I'm a soft southerner! But I haven't seen a 'real' winter since I was very young..... It's not about a bit of cold weather. It's about politicians bending climate science into a religious doctrine to preach and control you, with ever increasing ridiculous taxes that will never go towards serious measures. It all goes on 'expenses', foie gras, fine wine and hookers. Maybe if Wozniak or Musk were managing the money, you might get results. I laugh in the face of the 'beast of the east' and tweak it's nose. I'm still waiting for bad weather.
  2. Kinda strange that events like the soviet collapse, Zimbabwe, Venezuela and even the UK in the 70's gets so much bad press but here we are a decade later into money printing, with savings and the function of money and government bonds all but destroyed, state mega corporations like RBS propped up by the the tax payer and the housing market propped up with a colossal wall of tax subsidies of varying nature. This is crony-capitalism meets socialism. It's the same nonsense, this time sold by the neo-liberal salesmen to the populations. It didn't work in soviet russia, zimbabwe or 1920's Mafia run Chicargo, it won't work this time either. It could drag out a long time yet though while it strangles the economy. It WILL cause social unrest at some stage if a black swan doesn't pop the bubbles first.
  3. You've probably hit the zeitgeist there. Even if you are naturally uncomfortable with labour and think he is an incompetent, virtue-signalling buffoon, and are convinced he will cause economic chaos, that alone will hit the reset button on the current mess we have. The Tories are in a huge bind now. I include NuLabor as part of that since they operated the same neo-liberal policy formula. The Tories rely on home ownership and wealth accumulation yet all their policies are eroding their natural voter base. It's not just the young screwed. There are significant, and growing, numbers of folk entering and leaving middle age without home ownership, pensions, significant assets, traditionally the demographic that swings to Tory ranks in increasing numbers to form their core voter base. Take away a large chunk of that demographic and the Tories can no longer secure a victory. Any real policy measures to address that will affect their remaining core. Who are dying off in rapid numbers due to the same demographic bubble that made house price inflation a vote wining formula. There's no way out for them. When Osborne smirked that 'everyone loves a property boom' as he introduced HTB and REITS policies, he was right in the short term but at the expense of destroying the parties long term electability. At this stage, they would probably need to swing towards tradtional Conservate policy of savings, investment and home ownership. House prices at current levels preclude that, as does zero interest rate policies of the BoE (capitalism, savings and the function of government bonds all but destroyed), the gig economy and insecure emlpoyment, mistrust of private pension companies and corporations rading pension salary schemes with regularity. It's a perfect storm against traditonal Conservative philosophy, so that won't work. The alternative is full on libertarian laissez-faire but, from this starting debt position, they would never get through one term with the system 'cleansing' that would require. Unintentional 'Corbyn' cleansing would be the alternative to that. But maybe Corbyn can pull of his own policies, who knows? That's the current win-win scenario for labour at the moment amongst floaters and increasing numbers of disenfranchised Tory voters. Either way, Tories are toast here on. They could have hit reset after 2012 and blamed everything (rightly so ) on Brown. Instead, they chose to go on an even bigger debt splurge and double down on house price inflation policy. They've snookered themselves
  4. If you have never seen it before, a good feature length documentary on the monetary system around the time of the big crash. It's a bit of a roll call of zerohedger's but well made all the same.
  5. I think I was his long lost twin, separated at birth.
  6. Like I say, I find the backbeat to all these extreme media and political machinations about weather reporting to be fully behind the climate change policy (not the science, the political hijacking of climate science). Yet.... apart from energy efficiency reports, they haven't come after the homeowner yet in quite the same way as the business or motorist. Yet.
  7. The other one to notice is how radio and news bulletins will give a figure like this as a blanket statement, whereas usually the proviso is -7 in exposed highland mountainsides, around +10 in Truro and the Scily Isles. I hear this all the time, stick my head outside and think "it's quite mild. It's not -7." I would actually like it to be -7 tonight here so I can finally say "ah, maybe I'm just imagining this media thing".
  8. Own two diesel vehicles. It's not just him, it's all of them and tbf, Boris was way worse than Khan so far.
  9. hmmm.... I'll wait to see this one. I'm all for cleaning up the air and sea and the development of realistic, renewal energy but the problem is the science has been hijacked by the worst type of politicians and financial fraudsters. One thing I do notice, in the recent past, is how impending 'weather catastrophizes' are increasingly given front page headlines and leading news stories for a few days and then nothing materialises. So everyone forgets about it for a few weeks until the next religious style prophecies of earthquakes and tsunami are resurrected a few weeks down the line. There's a lot of money in the political side of climate change and a heaven sent tax bomb to the politicians. Not the science itself (although we know lots of folk dependent on funding in academia have been caught manipulating data), but the political, tax and revenue side of it. Sadiq Kahn will shoe horn any half baked policy into climate change. I expect a few days of -2 to 3 degrees with no retrospective analysis in the media as to why the sky didn't fall down or why the weather predictions are always overblown to biblical proportions. Pretty normal winter weather in a country as far north as the UK. Same as in the summer, when we get a few days of 30+ degrees, there will be predictions of impending droughts, folk dying of heat stroke during the night, etc., etc., Always seeding people's minds with the meme 'climate change disaster NOW unless the polticians act NOW'. Even though none of the disasters unfold. Pecking away to justify their tax and spending policies without any success. Sadiq Khan is not going to perfect nuclear fusion, hydrogen cell technology or any gravity power, he and his buddies will just p**** a bunch of money up against the wall.
  10. It's going to be fascinating to watch tomorrow morning, given where it's perched at the moment (or even before, given the Asian market activity over the weekend). If it breaks out again tomorrow, and stays out out past the coming week, then we've got a good chance of another yield spike and so an earlier FED (and by extension BoE) rate rise before the spring. Other things being equal. Otherwise, it'll get shrugged off for several more months. Getting some popcorn for this one.
  11. Agree in one sense but when voting becomes compulsory, as in some nations and most infamously, Soviet Russia and North Korea, then that becomes another issue. For one, compulsory voting had a suspicious motive - it forces people to be registered with the state at a fixed address. The state may want your absolute data for other reasons other than democracy. Secondly, by voting for a system you don't agree with, you legitamise it, allowing legislation to be made in your name. Say in our country, you have informal groupings that everyone really knows is in power and how much real democracy is there? Whether that is the ancient plantagenet control and their sycophant functionaries like Boris, Cameron, Gideon, Bullingtons or the nulabor crowd who openly boasted about open immigration flood gates, in opposition to mainstream view, simply as a business stratergy to increase their party voting base by altering British culture and social structures in their favor. I am not quoting Katie Hopkins or Henry Bolton's girlfriend there - Mandelson openly said that later on in biographies and interviews, right in front of people's faces. Even though they were never put that into any of their election manifestos. So the arguments goes, by voting, you provide legitimacy to a structure of undemocratic systems and tribes, soft slavery if you like, and so' not voting' becomes your only protest. When voting numbers fall low enough, it starts to become difficult for regimes to justify their policies and structures because then people can always say they operate on a minority vote and people do have stopped voting because people refute the system. Autocratic governments traditionally try to avoid that situation and that is why compulsory voting has always been most zealously pursued in autocratic states. Also, many blokes down at McDonalds or the Pub don't give two hoots about this kind of stuff and will vote according to the daily mail or whatever freebees they are promised (i.e., policies like money printing and market subsidies to inflate house prices - for as long as they feel they benefit from it. There's your democracy, in reality, two wolves and a sheep voting over the lunch menu).
  12. Deliberately setting up a phoenix company is. When phoenix forms go under, they usually take away a lot of innocent business with them. as part of the scam. Unpaid invoices for contractors, cleaners, caterers, service providers, et., etc., Not sure what your experience in business is or if you have ever had exposure to phoenix firms. Trust me, it isn't cool. BTW, I don't want want of your pedant point listing confrontations either, I am just pointing out real world scenarios for people running businesses/trying to earn a living.
  13. If you are a registered company, you will be liable for Capital Gains Tax (28 pc at moment). Otherwise, you have to declare it as a main residence, then you are liable for inheritance. However, you would then need to prove that no part of the building was ever used for business purposes or you will again be CGT liable ontop of inheritance. Of course, BVI and Guernsey Law-Accounting firms will generally try to setup a phoenix company scenario when the owners want out and harvest their property investments in a convoluted insolvency action that wipes away the CGT liabilities with an impossible paper chain for the HMRC to ever follow. Which is why they are based in Guernsey and BVI in the first place. Guernsey in particular is a spiv's and crook's paradise. It makes Monaco look like an Amish community.
  14. Interesting. I would say not, even if you are using your paypal as your primary fund source. Probably not the account transfer, as that is viewed as a transaction, paypal wallet balances themselves are not registered as bank balances so I guess would not be FCA covered. Paypal is also not covered for creditcard insurance schemes. If you purchase online using a credit card as the primary fund source or, if you don't have a paypal account and use the one-time credit card transaction method to pay, your credit card company does not cover any transaction disputes under the consumer credit act. Even though you paid with a credit card because your transaction was with Paypal, not the vendor. Whether that is fraud, non-delivery, inaccurate product description, etc. Will be more interesting still in the future since crypto currencies and paypal, google pay, apple pay, all the vying for the online transaction and digital wallet methods that are sure to morph and merge into some future 'super' digital currency.
  15. Thing is with subprime, I remember quite a few documentaries coming out after the bust, over in the US, where they went over the figures post-mortem and showed it wasn't the subprime market that dominated the majority of bad debts. It was actually the main metropolitan areas, particularly San Fransico, Los Angeles, New York and Seattle, where high income families defaulted on $500K+ family homes and beachside condos. The stereotype of a community bank lending on a swamp-shack to an unemployed african-american wearing a string vest in Arkansas was just a pack of lies. Infact, the hispanic and african-american community banks were in far less trouble than the large name banks lending in metro areas. It was just propaganda to get people to back the banking bailouts. It was high earners speculating with borrowed bank money (with the banks themselves lying on their balance sheets and reserves).
  16. Interbank and CDS are things I regularly check. Can't say I see an imminent 2008 moment, at least right now, but there's definitely potential all right. One thing I have noticed over the past six months is all these FCA Protection Scheme notices outside the branches. First noticed it on my own branch few months back, it is bigger and more prominent than before. So started looking at the other banks, yup, they all seem to have the new, larger, upgraded FCA, signs posted outside. Probably means nothing though.
  17. Pretty sure this is being viewed as a feasibility test within the boardrooms of Persimmom, Galliard, Redrow, Taylor-Wimpey, as we speak. Help-to-buy, 25% shared-equity scheme, stamp-duty incentives, £250K. Job done. We already have the smallest, most expensive 'homes' in Europe but this is tragic. Obviously though the guy probably needs other kind of help, without knowing more - Shelter will help folk with tent and sleeping bag purchases, he'd be a lot more comfortable. Even though in a first world nation, this just shouldn't be happening. I say tent because the few night shelters and church halls that can accommodate are currently overrun. Maybe Britain should start getting good at business and industry, you know, productivity, progress and stuff, instead of printing money and flogging overpriced, dilapidated home to each other other at exponential rates.
  18. You can just imagine that corner setting and shopfront glass will be a magnet for the estate vandals and yoofs, it will probably become the main street corner hangout for them, especially if there's a bus stop or kebab shop along the shop parade. Still, you can always draw the blind and buy some noise cancelling head phones.
  19. hmmm... can just imagine the EA writing the blurb...
  20. Interesting for next week with UK and US inflation figures coming out. Could calm down or inflame the current market, a lot of bets on worse than expected US figures, bringing on another rate hike sooner than expected. If so, I think we'll get a clearer idea after next week whether this is just a blip or a serious route (and credit markets tightened again today).
  21. OK. Seems like you are getting it. So you are going to join us at the Taxpayer's alliance then?
  22. Yup, this is the spirit I was thinking. Charities and churches are overwhelmed at the moment. There should be a bare minimal, survival net. There nearly isn't at the moment even though people "think" there is. My question is still where does all the tax go then? You either let people keep it and acknowledge no safety net and keep their taxes or you don't. I'm still as mas has hell about the bank bailouts a decade ago. They should have been allowed to go bust. Also, I lived in the US for a decade. Many parts of it aren't laissez-faire but it's a lot closer. I really don't think most British folk could stomach what a laissez-faire system means. The equation is more honest though. You get to vote on local taxation changes and keep more of your own money. Not the basket case system we have here now. Still, check out this video. On the drive up to Disneyland, Anaheim. Skidrow, Downtown L.A. Home to around 12K+ rough sleepers, ten minutes from bel-air and beverly hills.
  23. Well, after money printing, hyper-inflation and currency collapse, Mugabe then went all in for capital and exchange controls. I have been assuming so far that Carney has been a student of Mugabenomics.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.