Marek
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Posts posted by Marek
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When will people learn, its not the banks its the Government.
The Government have been fanning the flames of House Price Inflation and financial ruin by throwing cheap money to the banks prompting to lend it, because that is their business.
If you owned a hairdressers and the Government sent 5,000 people to your shop each day would you turn them away ?
The banks are in the lending business, and the Government have been throwing taxpayers money to them to lend to the taxpayer.
If this Government had not created the money in such massive quantities we would not be in this position today.
They are both at fall! Wake up!
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Has anybody read the Times yesterday about selling your house? Their advise was to put your property on the market at 10% less than the valuation from an EA.
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raise interest rates and maintain a strong currency.
I am in all favour of that. Why is this not happening already? What was the interest rate in 1985?
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What can we do to escape depression?
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Nice one.
Edit to add. You should put one of those winky things on there to make people know you aren't serious. Some posters on here will be quick to flame otherwise.
I am sure we are heading into recession but not into depression.
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Just watched the BBC Breakfast news and cought the tail end of some gold ramping on the BBC!
Old news, Radio4 has done a story on this last week
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I now fully realise that Brown is a complete amateur...... He's ignorant and useless - an overgrown schoolboy who wanted to play at being prime minister - and because the UK has evolved into a nanny state for a bunch of ninnies - he got there.......... It really is frightening.
First blame the greedy banks for their irresponsible lending, then blame the greed eas, then blame greed speculators with energy, food etc. on the stock market, then blame this government.
I dislike NU_Labour for wasting our money, for starting a pointless war, for killing innocent people but they are 4th or 3rd on my list of who to blame for the current economic crisis.
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Very similar to the thirties.
I think this is global hysteria talking. Economies around the world have advanced by miles since 1930!
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Are we heading into Depression rather than Recession?
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Snow, Sleet And Wind Forecast For Easter
Seeing as we, the British, like to buy in the sun what happens if there isn't any in the spring especially looking at the current economic climate. Looks like the "other" climate is fighting against continued HPi too.
I am waiting for Daily Express and other high class newspaper to start blaming us Czechs and other people from behind the iron curtain for this:)
just kidding
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During the time of the Emperor Tiberius, 33AD - from Tacitus' Annals
In their dismay the senators, not one of whom was free from similar
guilt, threw themselves on the emperor's indulgence. He yielded, and a
year and six months were granted, within which every one was to settle
his private accounts conformably to the requirements of the law.
Hence followed a scarcity of money, a great shock being given to all
credit, the current coin too, in consequence of the conviction of so
many persons and the sale of their property, being locked up in the
imperial treasury or the public exchequer. To meet this, the Senate
had directed that every creditor should have two-thirds his capital
secured on estates in Italy. Creditors however were suing for
payment in full, and it was not respectable for persons when sued to
break faith. So, at first, there were clamorous meetings and
importunate entreaties; then noisy applications to the praetor's
court. And the very device intended as a remedy, the sale and purchase
of estates, proved the contrary, as the usurers had hoarded up all
their money for buying land. The facilities for selling were
followed by a fall of prices, and the deeper a man was in debt, the
more reluctantly did he part with his property, and many were
utterly ruined. The destruction of private wealth precipitated the
fall of rank and reputation, till at last the emperor interposed his
aid by distributing throughout the banks a hundred million
sesterces, and allowing freedom to borrow without interest for three
years, provided the borrower gave security to the State in land to
double the amount. Credit was thus restored, and gradually private
lenders were found. The purchase too of estates was not carried out
according to the letter of the Senate's decree, rigour at the
outset, as usual with such matters, becoming negligence in the end.
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From what I have been reading I gather this was caused by the end of a long building boom under Augustus, the Banks loaning had been investing their gains in land and property, but the huge building program work had dried up under Tiberius reducing the velocity and supply of money. Then and there was a sudden event, the enforcement of an existing law that required "cash backing for real estate loans" - I think the senate enforced the banks to hold more cash on deposit for their outstanding loans, it is not entirely clear. Anyway how ever it happened there was a sudden credit crisis and many banks and private investors were forced to liquidate assets in order to comply with the requirements at first and then to pay off loans to other institutions as they were called in - the property market crashed. Tiberius was forced to provide liquidity to the credit markets - 100 million sestercies is about £1.5 billion if such comparisons are possible.
It must have been a major event. Tactius and Suetonius both record it over 50 years after it took place, and Cassius Dio nearly 200 years. It all seems rather familiar.
And there was I trying to write an essay on the Roman Economy for my History BA.
are we finally trully ******ed? let's run for the hills
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that, plus the romanians
somebody please explain to me how romania ended up in eu? and why is britain not doing something about the problems they cause here?
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errr I think more people watch BBC1 than listen to Radio 4
that still doesn't mean you can label the whole bbc the same way.
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I'm shocked actually
That's the best speech I've heard Cameron give in the Commons, not that I have much faith in the Tories to reverse the NuFascist debacle of the last 11 years
I wonder if Tories were in charge at the start of the war in Iraq would they follow GW like an obediant puppy? Tony did follow him. He also "went in" because his Christian belief led him to think he was morally right.
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The mask is slipping.
That the BBC have ignored this surprises me not one iota. I'm sure the Chinese national news agency is more biased, but not by much.
err I don't which BBC you watch or listen to but this morning on Radio 4 a great deal of the morning show was given to the budget
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What would cause that to happen?
A massive increase in the population
or
Many houses destroyed
or
Many people moving into shared accommodation and leaving their former homes empty
I really can't see why this would occur.
A massive increase in the population
Already happening
Many houses destroyed
Not destroyed but not enough houses are being built
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There are too many period dramas on TV. They are infiltrating public consciousness, and people are beginning to blur real-life and TV.
Could you imagine if someone stood up and asked the same question in PMQ's.
I don't have a TV
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Lada. Can you still but them ?
Lada? It's a gas guzzler!
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As the title suggests.....
Are we heading back to Dickensian era? 3 families will share 1 house ie only 1 room per family etc.
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Ok, I'm in full dubsie mode today. The global financial system seems to be teetering on the edge of the abyss. If it fails we could lose our jobs, houses, friends, family and way of life.
The gubmint can’t/won’t help us. Oil costs over $100 a barrel and rising, inflation is on the up and the UK has nothing in the cupboard to get us through any kind of recessionary downturn.
What the f*ck are we going to do? Put up solar panels?
I’m sick of feeling powerless and pushed around by financial vested interests that render my existence futile. I’m going to Fight the Future, fight the f*ckers. I will no longer willingly take part in a corrupt financial system that is so f*cking retarded that it couldn’t foresee or prevent the oncoming mess. Consequently, I hereby declare:
1. I will not buy a house – f*ck the whole lazy, cheating parasitic enterprise.
2. I will not have a credit card – ditto.
3. I will not take out a loan or any other form of credit – ditto ditto.
4. I will not spend a penny of any money that I work so f*cking hard to earn on the pointless, irrelevant drivel that our consumer economy dictates I buy - I am not trendy, sophisticated or "in fashion" and definitely don’t know the best places to "eat out".
5. I will support the creation, funding and operation of genuine entrepreneurial activity based on a high-tech precision engineering industry that makes products of use to mankind where (if) I find it.
6. The rest of those useless financial banking types can all get to f*ck as far as I’m concerned, I want nothing to do with them.
The revolution will not be televised because it’s getting sold.
Right, I’m off to put up a solar panel.
I fully agree with you.
I also think we shouldn't pay any income tax. This goverment wastes tax payers money!
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I can see a significant reduction in demand for crude in the next couple of years. By 2010 the US economy will have stopped circling the pan and will be well and truly up the U bend. By this time our own economy will have started to splutter out as we will be in the grip of a nasty recession. These two factors will also have a negative effect on the global economy, including Chindia. Couple that with the fact that 30-40% of the crude price is mostly froth and speculation, it's not unreasonable to predict a 50% drop in crude over the next few years as western economies start to melt.
I fully agree with you. I am sure the "chain reaction" is going to happen sooner or later.
BTW wages in India for IT workers have doubled in the past year. How long before they catch up with Eastern Europe?
Can India and China sustain their own economies? Probably not.
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what if you could go there, work for two years then go on the dole
whcih would provide you with a house twice as big as your current one and enough money to get by ok. AND you could work and not tell the tax man
would you return?
no
I am sure you have done your research, you know lots of eastern europeans who are doing it already?
I know shit loads of Spanish people who claimed and are still claiming benefits including housing etc. the moment they stepped off the plane. One Spanish guy slept rough for 2 months, claimed he's mentally unfit until his GP gave up on him and sent him to be examined etc. Now he has a nice council flat which he rents out to Australians and Kiwis while living with his girlfriend. How is that for imigration?
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Why is that racist, they are people moving around to get money, the deal is better for them here. So they'll probably stay now they are here. Thats not racist. It's an opinion.
Racism has many definitions, the most common and widely accepted being that members of one race consider themselves intrinsically superior to members of other races.
Making this kind of assumption "I agree, why go back to a country when you can stay here and milk the benefits system systematically." is racist in my opinion.
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I agree, why go back to a country when you can stay here and milk the benefits system systematically. This talk of "We'll go back in a year or 2 time" by immigrants....load of tosh, they'll still be here and will have popped out 2 or 3 more kids each to milk the benefits system even more.
i am sure polish people prefer to stay in britain and live in cramped conditions being paid peanuts. sterling is heading south on the exchange market hence why they are leaving. the other reason are racist bigots like yourself.
oh i forgot you are all too happy to accept that they pack your vegetables in shitty conditions, wipe your asses in local hospitals and serve you food. let's see how you like it when they do leave, how many honest english chavs are going to do those jobs. without eastern europeans this country would hit the rock bottom long time ago. wake up and smell your own ********.
Building Societies Withdraw Mortgage Offers As Credit Crunch Bites
in House prices and the economy
Posted
Yes Yes it's here!
Stop being hysterical and stop using capital font. It's insulting. We are not stupid and can read.