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House Price Crash Forum


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Everything posted by cnick

  1. What about some forward guidance..... would that help?
  2. We need more economic growth....... we'll never get to this 1.5% co2 'limit' at this rate.
  3. Yes. If there was an envirnmental problem, they would stop the quest for never ending growth.......aka fraud thin air credit money printing. ......also there'd be no need for energy hungry crypto if the mad money printing ended.(?)
  4. When you say 'debt is not capital'..... do you mean debt for money earned honestly (is capital)....or debt for 'money' created from thin air (is not capital).
  5. Thankfully, we're a democracy, so we can vote to prevent this. ...oh hang on....
  6. Great.... thanks for the clarity. Your last sentence is (or should be?) an absolute capitalist principle.......or, at least profit for production of goods and services at the market rate.......ie where the state 'pays' rather than 'sets' the market rate. ?
  7. So what should have been done to avert GFC?.....would it have involved a quest for never ending growth? (not rhetorical)
  8. https://www.sciencemag.org/news/2020/03/ancient-warming-threw-crucial-atlantic-current-chaos-it-could-happen-again
  9. Yes but what is the root cause for manipulating interest rates.....seldom discussed here these days? Is it not the unique ability for a few politico bankers to create money from thin air to (first) pay themselves and a few of their cantillon mates. https://mattstoller.substack.com/p/the-cantillon-effect-why-wall-street ".....this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”....."
  10. Should the public be educated that thin air 'money' is not the same as money borrowed from poeple?..... that there are two types of money, as it were. One where there's an injured party in the event of a default and one where there's none. and that's why the young have been priced out of housing. ?
  11. Same goes for USA poeple..... ask them if they want massive army, they all agree....yes? Then ask them if they would mind paying $1000 directly to cover the cost.......what would be their answer ...... if they could chose freely they might just chose health over arms?...maybe?
  12. And therein lies the the problem....... you know, I could be socialist (would be a danm sight easier) if I thought there would be some kind of order and limit to the massive amount of money creation, that seems(!) to benefit the 1% and massively distort asset (housing) prices. But as you say good luck with finding any political party not willing to buy votes with thin air credit.
  13. Well under the current system, we force the young to pay. Not nice, especially as they are least able to afford homes and pensions of their own.
  14. *based on coercion Imagine if tax payers were not forced to underwrite the thin air credit national 'debt'. What of a government that asked 'tax payers' if they would kindly cough up a cheque now to pay for their (todays) services Look, I realise this could never changed overnight......but the 'how we got here' must be discussed........else f' all will ever change. ?
  15. But how can you legislate for greed?....... might not be appealing...... but doubt you could identify an injured party from the crime of greed?......whereas dishonesty is identifiable. ?
  16. What's worse ........ greed or dishonesty? When a banking person creates purchasing power from nothing and gets paid for that 'service' (Cantillon effect?) ....... is that greed or dishonest. ?
  17. yes, the absolute here is physical violence.... or the threat of it. 'Capitalism' that 'requires' coercion is NOT capitalism. We here have never known capitalism.
  18. They already are forcing poeple. They have run up debts that you are forced to underwrite.... under a threat of physical violence, should you fail to comply......they will initiate force on you, even though you have not threatened them...... of course, some would say you are free to leave, free to not work..... but the fact remains, they will initiate lethal force on you, even though you have caused no harm nor loss to them.
  19. Yes, but they are just extending labour policies.....print, tax, spend. ?
  20. Yes, you could ask how much would they be happy to pay freely to support the army?
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