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Wishful Thinking

Are We Being 'prepared' For A Crash?

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It seems the VI's and good old BBC are re-programming us for economic hardships ahead in the new 'post-boom' economic society...

Just take a look at the below programmes regarding personal debt problems;

'Bank of Mum and Dad'

'Beat the Bailiff' new series to appear on BBC1 see link below:

http://www.debtadvicebureau.org.uk/media-latest.shtml

" With UK personal debt now hitting the £1 trillion mark, increasing by a shocking £1 million every four minutes, and with newspaper headlines daily highlighting the plight that debt can cause – BEAT THE BAILIFF – the new BBC1 television series sets out to take a fresh look at the subject, not only by showing how it can easily happen to anyone but also how to deal with the problem if it spirals out of control."

Whilst in the property/credit boom we were programmed to invest in property or MEW at all cost etc we are being manipulated into sorting out our increasing levels of debt (which might not be a bad thing).

Anyone care to comment, or add to the list of new 'debt' programmes appearing lately in the media - could this be on 'higher' (government) orders???!! :blink:

Or is it more cynical; it simply makes good viewing... in a sort of morbidly fascinating way.

Have a good weekend all!

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Probably!

If a bunch of forum posters have got the economic outlook sussed, do you really think the power elites are clueless? No, they'll pump out PR in public while deciding what bargains to hoover up up in the downturn.

Whether this extends to a conspiracy theory where chaps in smoke-filled rooms are deciding what slop to feed the proles on TV to reprogram them after property porn, probably not. More a case that only Joe Dimwit now believes the 'everything is rosy' line and TVs execs are looking for the next tedious lifestyle genre.

You hardly need to be a prophet to see what's coming next.

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The goverment did some research a year ago with the Boe. The bank when questioned denied it but I think its probably true. One of the things they wanted to know was how the economy would survive mass defaults on credit etc. Apparently they decided it was an unlikely situation, but I disagree. There are precedents, it happened to a major credit provider in South Korea. The state bailed them out of an absolute abiss but it was supposed to pay it back when things got better. Things have got better and the credit provider still can't get the dosh back, 100's of 1000's of Koreans just ignore them. The goverment just did not take the herd instinct into account!.

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Whilst in the property/credit boom we were programmed to invest in property or MEW at all cost etc we are being manipulated into sorting out our increasing levels of debt (which might not be a bad thing).

Anyone care to comment, or add to the list of new 'debt' programmes appearing lately in the media - could this be on 'higher' (government) orders???!!  :blink:

Or is it more cynical;  it simply makes good viewing... in a sort of morbidly fascinating way.

Have a good weekend all!

More cynicnal. Media in the end responds to ideas which will get more viewers (or higher advertising revenue). Lots more people are suddenly aware of their debt level.

I do find it worrying how many fellow bears assume that the media deliberately feed the mania rather than merely seeking to get higher ratings.

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wouldn't be surprised if we were getting prepared for it.

however,any media coverage is determined by what situations growing numbers of people find themselves in...debt for sure this time because people can easily relate to it.....so my money is on alvin hall+co popping up allover the place in the next couple of years.

a couple of years ago it was property prices rising(so the spawn of prop programmes happened)

popular,sensationalised material ALWAYS sells!....that is what the media do!!....but they are rarely pro-active,more RE-ACTIVE....it takes something special to devise and innovate something new,a quality which seems sadly lacking in today's reality brain-wash TV schedules!

...but I do have a sneaky feeling that more of these programmes on telly may subconciously INCREASE the fear-level of the viewers,helping to exacerbate the coming crash!!!!...kinda the equal and opposite of property greed shows!

Edited by oracle

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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