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House Price Crash Forum

Killer Bunny

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Everything posted by Killer Bunny

  1. He knew it was exactly the opposite of what was going to happen.
  2. We got close in the 80’s. And before 1922 in the US.
  3. They will bring in financial education and it will tell people “Debt is wealth”.
  4. Financial Services is HUGELY regulated. But that’s not the point. The regulations are designed to minimise competition for the big guys. And the big guys know they will be bailed out every f’g time they f it all up. Hence, the only real regulation is of SMEs. Also the banks will lend however much they want and for them all will be ok,
  5. In the late 90s (20+ years ago) 2 things happened which cemented our increasing move away from the beautiful capitalism of the 80’s: The FED bailed out an important hedge fund, LTCM, and Clinton ended Glass Steagall. The people of the world had a chance - with Thatcher and Reagan - and the 0.1% took it away. Inexorably we’ve been going downhill, economically, socially and anti democratically since. The people were bought off with vastly higher house prices. Forgive them Lord for they know not what they do. F em, I say.
  6. The idea that we have Capitalism and that we have had it for the last 25+ years is beyond stupid. The idea that Socialism is Labour/LibDem (and not Tories ?) and it would stop there and not go to full on Fascism/Communism is beyond stupid and naive. What do you think is going on right now and where we’re now headed? UBI. Digital currency. Phone and chip tracking. Rise of State. Top 0.1%. Top 1%. Top 10%. Everyone else. Get prepared or suffer the consequences.
  7. Cannot imagine why you’d think that.
  8. It's a quadrillion miles better than anything else. Proven.
  9. It was an embedded paste. But thank you for wasting your time.
  10. Yes regarded by socialists as socialist. Socialists don't do facts. Amongst freest markets in the world, the Scandi countries. Stop. Just stop.
  11. https://twitter.com/nlw/status/1281595291444170754?s=20https:/ /twitter.com/nlw/status/1281595291444170754?s=20
  12. “Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.” ― Milton Friedman
  13. They rise to the top and screw the majority. Corporatism/Feudalism/Socialism/Fascism/Communism/Nazism What do you think a King is?
  14. And what then happens in the tribe? Mr Knuckles or Mr Devious wants more. Self Interest is the greatest thing ever. How else would we have the wheel? Or modern agriculture? Or the smartphone? Or democracy? Or the decimation of poverty for billions?
  15. There is no such thing as pure socialism. It is entirely against human nature. Capitalism works when given a chance. See the 19th C US for example, up to 1921.
  16. Socialism/corporatism/cronyism ... which lead to nazism/communism/fascism/feudalism. Again. Yet again.
  17. 'It's working'? You believe we have capitalism??? ???
  18. It's already there. Parity with € and $, which means it will likely go below parity.
  19. We got closer than for decades in the 80s.
  20. Yes. The natural course is deflation - technology, efficiency etc.
  21. Fair points. B was a socialist. But NHS was not a socialist invention. Socialism is dire and it's been obvious for ever.
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