eric pebble Posted October 5, 2015 Share Posted October 5, 2015 (edited) "The economists Jordá, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit and its impact on house prices". This is what I have said for YEARS. ~And let's re-phrase it: "The economists Jordá, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit LIAR LOANS and its their impact on house prices". Whole article here: http://www.theguardian.com/commentisfree/2015/oct/04/printing-money-jeremy-corbyn-quantitative-easing-peoples-qe Edited October 5, 2015 by eric pebble Quote Link to comment Share on other sites More sharing options...
Blod Posted October 5, 2015 Share Posted October 5, 2015 Interest is the tax the financial industry extract from us as our lords. LAIR LOANS show their desire to maximise their theft, Busts happen when they've loaded too greater amounts of debt into the world and the mortals can't service the interest. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 5, 2015 Share Posted October 5, 2015 Liar loans neatly hide up from a blind eyed regulator who is charged with understanding bankers their actions and motives in the most highly regulated industry the world has ever seen. The lie moves from borrower to broker, to banker to valuer to banking management to Boards to investors and back out, while everybody knows about it except anyone at all. Quote Link to comment Share on other sites More sharing options...
janch Posted October 5, 2015 Share Posted October 5, 2015 We have all been brainwashed . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either. Quote Link to comment Share on other sites More sharing options...
spacedin Posted October 5, 2015 Share Posted October 5, 2015 We have all been brainwashed . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either. Depends how you define rich I guess, you're at much higher risk of contracting communicable diseases and if you ever do get sick, the chances of you dying is pretty high in comparison. Quote Link to comment Share on other sites More sharing options...
Debbiebegood Posted October 5, 2015 Share Posted October 5, 2015 We have all been brainwashed . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either.You are absolutely right. C**p in the palace is still a c**p. Not to mention that life in western world is very far from life in a palace. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted October 8, 2015 Author Share Posted October 8, 2015 We have all been brainwashed . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either. Very good point... Judging by what Cameron was saying yesterday --- the Tories have - EXTREMELY belatedly - woken up to what's been going on for YEARS........ They are SO late ---- Far too late actually. A whole generation + have had their lives deeply affected for the worse by the whole hpi FRAUD. Quote Link to comment Share on other sites More sharing options...
FreeFall Posted October 8, 2015 Share Posted October 8, 2015 We have all been brainwashed . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either. I can't tell if yo're being serious or not! Take that same "poor" native and put him in a house with central heating, furniture & comfy bed, electricity & gas, food in the fridge, running water, access to healthcare & transport, protection of the police and legal system etc etc and ask him how rich he felt living in a cold mud hut, having to hunt for food or go hungry, and probably dying from basic & treatable diseases. Simple truth is that if you want to go live off the land in a mud hut then there's probably very little to stop you doing it in many countries across the globe. I'd give the vast majority of people less than 6 months before they either (1) returned, (2) went insane, or (3) died. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted October 8, 2015 Share Posted October 8, 2015 Liar loans neatly hide up from a blind eyed regulator who is charged with understanding bankers their actions and motives in the most highly regulated industry the world has ever seen. The lie moves from borrower to broker, to banker to valuer to banking management to Boards to investors and back out, while everybody knows about it except anyone at all. Don't you mean a regulation system created by a one eyed chancellor? Quote Link to comment Share on other sites More sharing options...
pipllman Posted October 18, 2015 Share Posted October 18, 2015 Four jailed over £300m mortgage fraud which left hundreds bankrupt or homeless http://www.thenorthernecho.co.uk/news/13875595.Four_jailed_over___300m_mortgage_fraud_which_left_hundreds_bankrupt_or_homeless/?ref=mr&lp=7 Quote Link to comment Share on other sites More sharing options...
long time lurking Posted October 18, 2015 Share Posted October 18, 2015 Four jailed over £300m mortgage fraud which left hundreds bankrupt or homeless http://www.thenorthernecho.co.uk/news/13875595.Four_jailed_over___300m_mortgage_fraud_which_left_hundreds_bankrupt_or_homeless/?ref=mr&lp=7 Not the first and it won`t be the last Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted October 19, 2015 Share Posted October 19, 2015 I can't tell if yo're being serious or not! Take that same "poor" native and put him in a house with central heating, furniture & comfy bed, electricity & gas, food in the fridge, running water, access to healthcare & transport, protection of the police and legal system etc etc and ask him how rich he felt living in a cold mud hut, having to hunt for food or go hungry, and probably dying from basic & treatable diseases. Simple truth is that if you want to go live off the land in a mud hut then there's probably very little to stop you doing it in many countries across the globe. I'd give the vast majority of people less than 6 months before they either (1) returned, (2) went insane, or (3) died. I have a very recent experience of such a situation. Native's house in jungle. Concrete/tile build. Mains electricity but low power I suspect as only ised for lighting. Large hearth, not dissimilar to french style ones with portable gas based cooking rings and optional wood fire, they like those becuase they are traditional and there's lots of wood! Fair bit of land growing all sorts. Well in garden with electric pump and header tank. Transport 1 motorcyle. 1 tuk tuk. Single income family with wife staying at home looking after child. House paid off, 10 year mortgage. There were little shops everywhere, no sign of any hunting ;-) Quote Link to comment Share on other sites More sharing options...
Assume The Opposite Posted October 19, 2015 Share Posted October 19, 2015 Brilliant topic and is worth mentioning regularly to remind us all. Cheers Eric. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 19, 2015 Share Posted October 19, 2015 Brilliant topic and is worth mentioning regularly to remind us all. Cheers Eric. +1 Liar loans aggregated into mortgage-backed securities and disposed of through the shadow banking system to keep the balance sheets clean. Quote Link to comment Share on other sites More sharing options...
rollover Posted November 21, 2015 Share Posted November 21, 2015 (edited) Return of the LIAR LOANS UK firms setting up in Eastern Europe offer high-risk mortgages that do not require borrowers to prove what they earn Lenders are exploiting a legal loophole by offering high-risk mortgages that allow homebuyers to get a loan without having to prove what they earn. Money Mail can reveal how British businesses are setting up in Eastern European nations such as Estonia as a way of skirting around tough UK laws on lending money. From January, Selfcert.co.uk, which has been founded by a British businessman in an unnamed Eastern European country, will offer self-certification mortgages to UK borrowers. Edited November 21, 2015 by rollover Quote Link to comment Share on other sites More sharing options...
eric pebble Posted November 21, 2015 Author Share Posted November 21, 2015 (edited) +1 Liar loans aggregated into mortgage-backed securities and disposed of through the shadow banking system to keep the balance sheets clean. SPOT ON. ABSOLUTELY THE KEY TO THE WHOLE HPI SCAM AND THE ENTIRE WORLD FINANCIAL CATASTROPHE - WHICH IS TEETERING ON THE VERY EDGE OF AN ABYSS --- MOSTY THANKS TO THE WHOLE F***ING HOUSE PRICE PONZI-PYRAMID SCAM. IT IS GOING TO DESTROY US ALL. Edited November 21, 2015 by eric pebble Quote Link to comment Share on other sites More sharing options...
anonguest Posted November 21, 2015 Share Posted November 21, 2015 I have a very recent experience of such a situation. Native's house in jungle. Concrete/tile build. Mains electricity but low power I suspect as only ised for lighting. Large hearth, not dissimilar to french style ones with portable gas based cooking rings and optional wood fire, they like those becuase they are traditional and there's lots of wood! Fair bit of land growing all sorts. Well in garden with electric pump and header tank. Transport 1 motorcyle. 1 tuk tuk. Single income family with wife staying at home looking after child. House paid off, 10 year mortgage. There were little shops everywhere, no sign of any hunting ;-) The name of the country? What was it that the husband did for a living? What is is his estimated salary? 10 year mortgage? Implies relatively cheap housing, but still expensive enough for people to need to borrow long term to pay for it. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted November 23, 2015 Author Share Posted November 23, 2015 The name of the country? What was it that the husband did for a living? What is is his estimated salary? 10 year mortgage? Implies relatively cheap housing, but still expensive enough for people to need to borrow long term to pay for it. The property mafia will be on the scene soon.... Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted November 24, 2015 Share Posted November 24, 2015 Return of the LIAR LOANS UK firms setting up in Eastern Europe offer high-risk mortgages that do not require borrowers to prove what they earn Lenders are exploiting a legal loophole by offering high-risk mortgages that allow homebuyers to get a loan without having to prove what they earn. Money Mail can reveal how British businesses are setting up in Eastern European nations such as Estonia as a way of skirting around tough UK laws on lending money. From January, Selfcert.co.uk, which has been founded by a British businessman in an unnamed Eastern European country, will offer self-certification mortgages to UK borrowers. We've already had LATVIA LOANS ! http://www.housepricecrash.co.uk/forum/index.php?/topic/127304-latvia-threatens-foreign-banks-with-huge-losses/ Quote Link to comment Share on other sites More sharing options...
eric pebble Posted December 14, 2016 Author Share Posted December 14, 2016 On 11/24/2015 at 9:35 AM, Saving For a Space Ship said: We've already had LATVIA LOANS ! http://www.housepricecrash.co.uk/forum/index.php?/topic/127304-latvia-threatens-foreign-banks-with-huge-losses/ I think this thread deserves a little prod...... Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted December 14, 2016 Share Posted December 14, 2016 24 minutes ago, eric pebble said: I think this thread deserves a little prod...... Always nice to see you bumping along .. There were 2 things we were beginning to think would not happen , london house prices dropping and ... Kirstie Allsopp weight loss: TV star credits the James Corden diet for two stone drop http://www.express.co.uk/life-style/diets/743087/kirstie-allsopp-weight-loss Wrong on both counts Quote Link to comment Share on other sites More sharing options...
eric pebble Posted January 3, 2017 Author Share Posted January 3, 2017 On 12/14/2016 at 11:33 PM, Saving For a Space Ship said: Always nice to see you bumping along .. There were 2 things we were beginning to think would not happen , london house prices dropping and ... Kirstie Allsopp weight loss: TV star credits the James Corden diet for two stone drop http://www.express.co.uk/life-style/diets/743087/kirstie-allsopp-weight-loss Wrong on both counts What can I say?! Brains?? Nope..... Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 3, 2017 Share Posted January 3, 2017 5 hours ago, eric pebble said: What can I say?! Brains?? Nope..... Eric, I just posted this thread with latest Max & Stacey show mentioning " predatory promises " similar to ..you know what https://www.rt.com/shows/keiser-report/372530-episode-max-keiser-1014/ Quote In this episode of the Keiser Report, Max and Stacy discuss the run up in bitcoin prices and the runs on pension funds in Dallas, Texas. The two are related by predatory promises made by politicians and officials to various groups of voters throughout the years – usually tied to an election cycle. They also discuss how the biggest pension in the world, Calpers, is cutting benefits to some retirees by up to 60 percent. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 3, 2017 Share Posted January 3, 2017 (edited) 50 minutes ago, Grumpysod said: And why not eric, probably the biggest case of SYSTEMATIC fraud in the UK Edited January 3, 2017 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
eric pebble Posted January 19, 2017 Author Share Posted January 19, 2017 On 1/3/2017 at 2:44 PM, Grumpysod said: And why not eric, probably the biggest case of mass fraud in the UK ever which was probably also one of the easiest to solve crimes as well. A cross reference with tax returns and mortgage applications would have uncovered what a corrupt property system we had. Even now tax could be collected or liars prosecuted, but why open a can of worms, especially when those in power profited from it.. YUP ---- PREDATORY LIAR LOANS FRAUD THE GREATEST EVER ELEPHANT MAMMOTH IN THE ROOM... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.