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"we Didn't Cause This Crisis"

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Why do so many people think whole crisis was caused solely by a few thousand people in the city?

Fred and Maureen at no 38 that "unlocked the value of their home" each year to visit an all inclusive cruise are also to blame.

IMO no single group can abdicate responsibility. It comes down to the simple but sad aspects of the human psyche: greed and lack of self discipline.

Of course not everyone took part, but those that did not participate in the binge will have payed most for it then and appear to be paying most financially for it now.

Edited by LiveinHope

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IMO no single group can abdicate responsibility. It comes down to the simple but sad aspects of the human psyche: greed and lack of self discipline.

Of course not everyone took part, but those that did not participate in the binge will have payed most for it then and appear to be paying most financially for it now.

no

Those who own the means of production also pull the strings of government.

For the rest of us urbanised, landless, resourceless fiat wage-slaves, we are inevitably forced to dance to whatever economioc tune is composed for us.

Edited by tallguy

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IMO no single group can abdicate responsibility. It comes down to the simple but sad aspects of the human psyche: greed and lack of self discipline.

Of course not everyone took part, but those that did not participate in the binge will have payed most for it then and appear to be paying most financially for it now.

I can, I have no debt, zilch and had nothing to borrow against anyway, just went to work came back home took a year out. I did not participate in the mess and yet people are pointing guns at me demanding I pay.

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Why do so many people think whole crisis was caused solely by a few thousand people in the city?

Fred and Maureen at no 38 that "unlocked the value of their home" each year to visit an all inclusive cruise are also to blame.

Fred and Maureen were lied to.

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Why do so many people think whole crisis was caused solely by a few thousand people in the city?

Fred and Maureen at no 38 that "unlocked the value of their home" each year to visit an all inclusive cruise are also to blame.

You should work for the old bill. They need people like you who get 'results' by nicking the addict with 20 quids worth of smack in his pocket. Who needs to get Mr Big when you can nick the small guy. Of course it doesn't solve the problem but it sure makes the numbers look good. FKWT.

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Guest UK Debt Slave

Fred and Maureen were lied to.

True

It's still a piss poor excuse though. It'll be an even worse excuse when the young start rebelling against their own parents' boomer generation.

I don't think "We didn't know" is going to be a very credible defense against hordes of axe wielding 20 somethings who have suddenly woken up and realized the honey pot is empty

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Why do so many people think whole crisis was caused solely by a few thousand people in the city?

Mr City starts handing out cocaine for free to everyone. The government thinks that's a good idea as it makes people feel better.

As a result many people develop a serious addiction (but most don't).

After 10 years, Mr City goes bankrupt because he overspent on cocaine. The government bails him out and throws some more cash as a compensation for his troubles.

Now, the government asks EVERYONE to pay the debt back.

Whom are you going to blame for the situation?:

1) Mr City

2) the government

3) the addicts

Edited by Pole

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Blame everyone who thought it their right to make money doing nothing because they own real estate and were prepared to vote to make/keep it so

That's quite a few people

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no

"snip"

For the rest of us urbanised, landless, resourceless fiat wage-slaves, we are inevitably forced to dance to whatever economioc tune is composed for us.

No ;)

I don't believe that. That is the other fault of the human psyche, the ability to blame someone else. You can make a difference to your circumstances.

but you have to keep on your toes

Edited by LiveinHope

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The bail out of the banks hasn't cost that much in global economic terms. The very fact that this has been such a large financial crisis shows how much the banks normal operation props up business.

We're very quick to blame 'banksters' and other such non-sense. They don't have tyrannical control, they offer services we want and we flock to them for them.

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The bail out of the banks hasn't cost that much in global economic terms. The very fact that this has been such a large financial crisis shows how much the banks normal operation props up business.

We're very quick to blame 'banksters' and other such non-sense. They don't have tyrannical control, they offer services we want and we flock to them for them.

ermm late 90s destroy ,pensions, destroy, destory the social housing ,destory housing regulations sell gold at low rate and think all that happened out of an error?

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No ;)

I don't believe that. That is the other fault of the human psyche, the ability to blame someone else. You can make a difference to your circumstances.

but you have to keep on your toes

Of course you can make a difference. Just not in the way you think.

Your problem is that you think you can make a difference by catching more crumbs thrown from your master's table than the next guy. Inevitably, the way the system is rigged, you are going to have to ape your master's methods and screw the next guy to do this.

Very sad

And completely deluded.

Edited by tallguy

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The bail out of the banks hasn't cost that much in global economic terms. The very fact that this has been such a large financial crisis shows how much the banks normal operation props up business.

We're very quick to blame 'banksters' and other such non-sense. They don't have tyrannical control, they offer services we want and we flock to them for them.

No, they've got a backed by taxation monopoly that everyone on earth has to serve or get shot..

Nobody wants banks bar banksters.

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Why do so many people think whole crisis was caused solely by a few thousand people in the city?

Fred and Maureen at no 38 that "unlocked the value of their home" each year to visit an all inclusive cruise are also to blame.

The bankers abdicated all responsibility for their lending practices in pursuit of short term profit- Fred and Maureen were victims of a cynical and greed driven banking system that inflated the 'value' of their home and led them to believe this inflated value was real.

All conmen say the same thing, which is that their victims were to blame because they were greedy fools.

But a con is a con- and sooner or later the true extent of the bankers crimes will come out- and then hopefully some of them will go to prison, which is were they belong.

If you were in any way connected to this mess I suggest you start running now, because this will turn nasty in the future I think.

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Of course you can make a difference. Just not in the way you think.

Your problem is that you think you can make a difference by catching more crumbs thrown from your master's table than the next guy. Inevitably, the way the system is rigged, you are going to have to ape your master's methods and screw the next guy to do this.

Very sad

And completely deluded.

too negative for me I am afraid

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The bankers abdicated all responsibility for their lending practices in pursuit of short term profit- Fred and Maureen were victims of a cynical and greed driven banking system that inflated the 'value' of their home and led them to believe this inflated value was real.

All conmen say the same thing, which is that their victims were to blame because they were greedy fools.

But a con is a con- and sooner or later the true extent of the bankers crimes will come out- and then hopefully some of them will go to prison, which is were they belong.

If you were in any way connected to this mess I suggest you start running now, because this will turn nasty in the future I think.

Calling the banks conmen is unjustified. They offered a legal product that wasn't disguised as anything but what it was. No-one at a bank promised that house prices only go up (or free money) and that you could always afford to pay it off. No-one forced people to release equity. They followed the sheeple next door who bought new houses, kitchens, bathrooms and cars. They went to the bank for a remortgage to do it, but no bank misled them and no one forced them. If they had, then they would have a reason to go to court to seek compensation, and notice that they haven't.

Absolutely blame the masses for sheer stupidity. So many have no financial discipline and for some reason expect everything now, rathern than saving up for it.

But neither would I bail out the banks for the same reasons. They sold a product to idiots and so they should have to pick up the pieces of high defaults and write offs.

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Calling the banks conmen is unjustified. They offered a legal product that wasn't disguised as anything but what it was. No-one at a bank promised that house prices only go up (or free money) and that you could always afford to pay it off. No-one forced people to release equity. They followed the sheeple next door who bought new houses, kitchens, bathrooms and cars. They went to the bank for a remortgage to do it, but no bank misled them and no one forced them. If they had, then they would have a reason to go to court to seek compensation, and notice that they haven't.

Absolutely blame the masses for sheer stupidity. So many have no financial discipline and for some reason expect everything now, rathern than saving up for it.

But neither would I bail out the banks for the same reasons. They sold a product to idiots and so they should have to pick up the pieces of high defaults and write offs.

Bankers don't lend money.

They pretend to.

All banking is fraud.

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The bail out of the banks hasn't cost that much in global economic terms. The very fact that this has been such a large financial crisis shows how much the banks normal operation props up business.

We're very quick to blame 'banksters' and other such non-sense. They don't have tyrannical control, they offer services we want and we flock to them for them.

The 'bankers did it' is a popular sop / slogan, which unfortunately sometimes diverts people from examining other more accepted parts of the status quo more critically (especially parts of the status quo they feel they may personally benefit from)

The bankers are hardly innocent imo, but some of us are abandoning reason to find them the exclusively guilty. People who substantially disagree and use contradicting reason are comforting each other with the logically vacant common ground they imagine they share regarding bankers

The thing is only the truth here is useful

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Mr City starts handing out cocaine for free to everyone. The government thinks that's a good idea as it makes people feel better.

As a result many people develop a serious addiction (but most don't).

After 10 years, Mr City goes bankrupt because he overspent on cocaine. The government bails him out and throws some more cash as a compensation for his troubles.

Now, the government asks EVERYONE to pay the debt back.

Whom are you going to blame for the situation?:

1) Mr City

2) the government

3) the addicts

Did My City package up future sales of cocaine then sell it on to Another City?

Did Another City sell those future cocaine sales on again and charge a huge fee.

Did Local Authority take a look at those future sales and say to Another City and

Another City and Another City that they looked like a great idea, then pocket more fees.

Did this happen over and over again?

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The political blame game is futile.

Just prosecute people who committed fraud, lenders and borrowers. It's quite simple and has been practised for centuries.

They can't.

It's all fraud and has been for decades. It would mean the entire political/bankster class going off to work at McDonalds.

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No, they've got a backed by taxation monopoly that everyone on earth has to serve or get shot..

Nobody wants banks bar banksters.

You need to get back on your medication. I'm normally not a fan of people who play the person and not the ball, but you haven't got an argument to go up against. If there is some cunning worldwide conspiracy do you really think posting, what look like mad ramblings, on the hpc forum is the best use of your time?

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  • 150 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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