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House Price Crash Forum

Lucky Larry

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Everything posted by Lucky Larry

  1. Boom and bust is policy ,it happens by design not by accident . This bust is long overdue, all that's missing has been a convenient scapegoat and Covid is perfect for this purpose. Between Covid and those nasty people in the EU not playing ball any more a lot of the blame that should of headed towards bankers and politicians will be re-directed in that direction. During a boom (almost) everyone makes a little , during a bust a few vultures at the top strip the carcass bare . Won't be long til they issue ration cards and we're all hanging out the washing on the Siegfried line.
  2. You believe the Press and Media don't fabricate and exaggerate ?
  3. Well if you want to believe the propaganda ..............
  4. Without going down the plandemic conspiracy road there are some things that have me scratching my head. The Queen (elderly and vulnerable) Charles, Camilla , William and a host of World leaders and dignitaries are happy to meet up without masks and not observing any social distancing . We are told that even if you are vaccinated you can still catch it and spread it to others . Ascot is full of top hatters , maskless and wealthy Hooray Henry's . The Prime Ministers own father didn't take lockdown seriously . Johnson himself caught a mild version , wasn't on a ventilator but was isolated in IT but regained his health quickly. Charles was another mildly affected statistic. None of them seem unduly concerned for their own well being . We even had Govt proposing that high wealth individuals shouldn't have to self isolate. The old saying of don't listen to what they say , watch what they do is quite prescient . What I do know with 100% certainty is that Covid 19 will be the scapegoat for all the problems that will now beset us. If we do have global financial collapse , hyperinflation and the necessity to privatise the NHS then it wasn't the greed of banks and politicians that are the cause of it. They acted in the public interest at all times .
  5. They have value as long as those people have faith and trust in the institutions that are issuing them , however it's very rare that these pieces of paper ever increase in value or purchasing power . Pointing out some flaws in crypto doesn't equal supporting fiat .
  6. As of today there are 10507 different crypto currencies listed on coinmarketcap plus others listed elsewhere. It's all a bit dot.com and I would be surprised if the vast majority don't end up in the digi trash can sooner rather than later. I do have a small punt on one (not btc) so am not 100% anti crypto but I am extremely sceptical of their value. Bitcoin for example was created by a man nobody has ever met , where coins come into existence by solving a sum nobody needs the answer to and these "coins" exist only in cyberspace as a piece of computer code. I don't see where the value is only that if enough people believe it has value then it does. It reminds me of the story of the Emperors new clothes where only clever people could see the material. The other red flag for me is a digital currency is a bankers wet dream and BTC and the others are paving the way for public acceptance. Buyer beware.
  7. I bought an old Fiat Ducato about 15 years ago when I lived in Germany , went away most weekends with my wife and 2 kids and was definitely one of the best buys ever. Worth fitting a few solar panels to the roof and get more off grid independence.
  8. Generally better checking the local estate agents on the island rather than RM . Has been one of my preferred destinations for a while but a bit pricey atm. My Son was working there until last year and my friend is shortly moving to work as a GP. so any updates on the market are welcome, thanks.
  9. Many thanks to admin for sorting out my log in problems
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