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Sour Mash

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About Sour Mash

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  1. Sour Mash

    Yellow Vest Protests

    Don't forget that social media is great when citizens in Syria, Iran or Russia are using it to organise against the authorities - but dangerous when Western citizens do likewise.
  2. Sour Mash

    Yellow Vest Protests

    How many members of the public are thick enough to still fall for the "It's all the evil Russians' doing" line that media trot out whenever one of their globalist/corporatist stooges faces mass opposition? My guess is that the general public are starting to catch on - certainly the French protestors hold their mainstream media in contempt. Still, I'm sure the Guardian will have an exclusive reveal of how Putin is behind all of this.
  3. Is that not already the case with existing benefits - 6k before they start to get cut, 16k before you get nothing. Of course, you can live in a huge house worth a fortune and that doesn't count as part of your wealth - indeed, you'll get the no doubt sky high rates paid for you. The system focuses on the low hanging fruit of the average person's wealth - bank savings, premium bonds, equities. Seems to me if you are smart you'll figure ways to hold wealth NOT in one of the above asset classes.
  4. True - there is plenty of social media narcissism displayed by older generations too - it's just that millenials have come of age when all this became a 'thing' and it's considered a normal part of their life and just 'how things are'. It's really corrosive - at least older generations can remember what life was like before social media and thus potentially appreciate how dodgy it all is and the many pitfalls of losing your privacy. I do feel sorry for the up and coming generation - they have grown up with easily the best standard of living of any generation yet are starting their adult lives just as Western economies have started to 'turn' after years of generally expanding. That is going to create an awful lot of resentment.
  5. Sour Mash

    Yellow Vest Protests

    This shows pretty well what's happening on the ground, unlike most of the mainstream media: Interesting that the reporter notes so many of the people are aware and angry at the part that mainstream media plays in lying to them ... at least the French are getting clued in.
  6. 'Millennials' aren't any less materialistic than preceding generations - it's just that they generally don't have any spending power. Plus virtue signalling on social media delivers instant validation through 'likes' from like-minded vapid individuals.
  7. Sour Mash

    Its Going to Be Biblical

    They will once it really bites - prices in the UK came off peak by about 20% before all the measures designed to prop them up reversed the strong downward trend. ISTR Mervyn King pledging 'no bailouts - moral hazard' just before he launched a massive programme of bailouts for the banking system when also helped support house prices.
  8. Sour Mash

    Its Going to Be Biblical

    If it follows the pattern of the UK, the Aussie Government/ Central Bank will see them right so long as they didn't buy at the peak and aren't forced to sell in a very narrow time window when prices are at their lowest. We went through this on a thread here before - based on average UK prices if you bought practically any time in the last couple of decades you wouldn't have lost out ... only those who bought in 2007 and we forced to sell in 2008/9 (or thereabouts) would have made losses. Obviously, that's based on the average price. I'm sure that there are specific areas where that doesn't apply. By and large the Western 'economic model' depends in large part on consumer credit creation through mortgage lending. The governments will do ANYTHING to prop this up. Only catastrophic collapse will force prices significantly down for a long period.
  9. Sour Mash

    Yellow Vest Protests

    Good for them - in the UK or US the only hope of getting people motivated enough to go on the streets would be to demand unisex bathrooms or some such social justice rubbish. At least the French care enough about political realities to take concrete action when the establishment screws them over.
  10. 'Social Justice' these days is more like a set of religious tenets for the left. And being the left, they just can't help getting more and more extreme and eating themselves as the left always does. They've already started attacking some lesbians for not wanting to sleep with 'trans women' ie MEN and if you are a heterosexual man who doesn't want to bonk a 'trans woman' you are a bigot and transphobe. Certified loony tunes. One hopes that they'll implode under the weight of their own craziness but politicians, the mainstream media and corporate culture are more than happy to facilitate their delusion by paying lip service to them. Keeps them from getting upset about the people who are really screwing them (and everyone else) over - the establishment/elites.
  11. Sour Mash

    Want your own home, have wealthy parents

    You can say the same about higher level eduction too ... used to be that anyone who could pass the right A levels could get a Uni education with fees paid and a grant to cover their living costs. Now, no fees paid or grant and much higher fees. Loans available but non-cancellable, stupidly high interest rates and nothing like the same chances of getting a good job/career at the end of it that there used to be. Education increasingly only for the children of the well off.
  12. I think the base issue is that the EU is trying to impose its will on the member states. It's not like the states are actually willingly trying to stick to budget rules, they are being told to (or at least, certain ones are - the Germans and French seem to get a free pass). So you have a situation where essentially unelected bureaucrats in Brussels are dictating policy to elected national governments. The Euro makes this possible - once you give up the right to issue your own sovereign currency you are at the behest of whoever controls the money supply. If you don't do what the EU tells you, you find that the ECB no longer wants to backstop your bonds. Not that I am advocating central banks buying government bonds but it's an option that states need to have. Also of course, the EU are trying to impose a more lax policy towards inward immigration than many states want and are also trying to force member states to share out the existing massive base of economic migrants (after Merkel practically opened the floodgates to massive migration) amongst themselves.
  13. UK mainstream media seems to think that the EU is a bastion of financial success and good governance and leaving it will be suicide for the UK. Very few members of the public would be aware of the growing crisis in Italy, the unrest in France or the Eastern states rebelling against the crazy immigration policies of the EU.
  14. Yep - it's been obvious for a long time now that we're only going to see meaningful reductions in property prices along with a rather nasty recession. As long as the economy is appearing to go well and interest rates are low, there isn't going to be any sort of a useful drop in prices. Plus of course, much of the economy depends on credit creation through bank lending for property. One crash triggers the other.
  15. Sour Mash

    Dublin’s housing crisis

    Dublin has been pretty appalling for accommodation for the last decade and a half. Prices are sky high and there's a lot of really poorly maintained properties where the landlord doesn't bother spending any money. Public transport is nothing like as good as London either so areas close to major employers are in heavy demand. Road traffic is just ludicrous.
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