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Hopeful Bear

Empire Of Debt

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Has anybody read this book? It is not included on the list of books. I haven't read it but found this extract which could have been written by any number of people on this website:

"As the Anglo-Saxon economies lost their competitive edge in manufacturing, they tried to make up for it by encouraging consumption. This is the biggest fraud of all. At first, higher consumption feels good. It is like burning the furniture to keep warm; it feels good for a moment. But the sense of well-being is extremely short-lived. When people borrow and spend, they feel as though they are getting richer--especially when their houses are rising in price. The increased consumption even shows up, indirectly, in the GDP figures as growth. But you don't really become wealthier by consuming. You become wealthier by making things you can sell to others--at a profit. The point is obvious but, at this stage of imperial finance, it was inconvenient." - Empire of Debt, page 224. "

The book is reviewed in Empire of Debt.

I would be interested in what people have to say about this book or the other book mentioned in the attached link: "Our Brave New World"

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I hurt myself today

To see if I still feel

I focus on the pain

The only thing that's real

The needle tears a hole

The old familiar sting

Try to kill it all away

But I remember everything

What have I become?

My sweetest friend

Everyone I know

Goes away in the end

You could have it all

My empire of dirt

I will let you down

I will make you hurt

I wear this crown of thorns

Upon my liar's chair

Full of broken thoughts

I cannot repair

Beneath the stain of time

The feeling disappears

You are someone else

I am still right here

What have I become?

My sweetest friend

Everyone I know

Goes away in the end

You could have it all

My empire of dirt

I will let you down

I will make you hurt

If I could start again

A million miles away

I would keep myself

I would find a way

johnny cash

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  • 302 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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