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TheCountOfNowhere

Monetary Ammunition

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

Edited by TheCountOfNowhere

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

Why can't Mortgage rates be positive and HTB greater than 100%?

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

Miras.

Tax relief on any debt interest for private individuals

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Few more a bit further down the line:

Cash Savings over £xk legally redefined as 'terrorism' and/or 'treason'

Compulsory Issue of lifetime mortgage integrated to all birth certificates

Gold hoarding legally redefined as 'child abuse'

Facebook accounts a legal requirement

:ph34r::ph34r::ph34r:

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I think the NR tried that :lol:

If we slightly tweak your list to this I think we could add something to the National Lottery show on a Saturday night:

1) 0% Mortgage rates with cashback

2) Negative IRs

3) 125% HTB schemes

4) Theft of savers money

5) Debt forgiveness

Three computers, one flashing mortgage account numbers, one saving account numbers and the last one a cashback amount.

When they all stop flashing, the cashback amount is taken from the saver's account and paid to the mortgage account (to pay for a 125% HTB that might later need debt forgiveness)

Do I have a future in game show ideas?

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

Since HTB was launched I always thought 3 and 4 would go hand in hand. I still fail to understand how people would afford to pay back the equity loan?

I am not much informed about economy and debts but can't help wondering why debt is so important to our economy? Is there nothing else that can keep the economy going?

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Debt forgiveness has already being going on for a long time, I dated a girl around 10 years ago who had debts of £38k in loans and credit cards.... after a few sob story's to her creditors she managed to get over £25k of it written off

I'm convinced now with these HTB schemes that when the time comes to start repaying them the feckless morons will get them reduced or written off

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The vast bubble of phantom equity in the UK housing market is still the elephant in the room, standing on the throat of the economy as it has for nearly twenty years. Eliminating that bubble and restoring the historic link between house prices and incomes is the only hope we have of establishing the foundations of a sustainable recovery.

People's QE together with a material hike in interest rates would encourage and enable the repayment of debt, reward savers and stimulate consumption in everything except property. It's the UK's last hope of avoiding the same fate as Argentina and Venezuela.

Edited by zugzwang

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The vast bubble of phantom equity in the UK housing market is still the elephant in the room, standing on the throat of the economy as it has for nearly twenty years. Eliminating that bubble and restoring the historic link between house prices and incomes is the only hope we have of establishing the foundations of a sustainable recovery.

People's QE together with a material hike in interest rates would encourage and enable the repayment of debt, reward savers and stimulate consumption in everything except property. It's the UK's last hope of avoiding the same fate as Argentina and Venezuela.

Do you think the rich people car about saving any of us ?

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a mortgage that pays back your gains in the house.

eg, 95K mortgage on 100K house.

House price up1.5%, you get cash back of of £1425, that added to your mortgage, while you only pay about £240 on your interest only.

Your entire financing dynamically linked to what others borrow to buy.

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

I think they might try the time expiring cash giveway to the plebs along the way (ie print a load of cash equivalent credit notes which must be spent in 12 months or they expire to zero)

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Few more a bit further down the line:

Cash Savings over £xk legally redefined as 'terrorism' and/or 'treason'

Compulsory Issue of lifetime mortgage integrated to all birth certificates

Gold hoarding legally redefined as 'child abuse'

Facebook accounts a legal requirement

:ph34r::ph34r::ph34r:

Compulsory viewing of LLL, HutH, Grand Designs, A Place in the Sun....

giphy.gif

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Here's a list of the Politicians/BoEs unused ammunition

1) 0% Mortgage rates

2) Negative IRs

3) 100% HTB schemes

4) Debt forgiveness

5) Theft of savers money

6) Even higher taxation.

Start crossing them off, cause they are coming...

If you believed that you would buy a house.

youve not even mentioned:

* Raising inflation target

* Targetting nominal output

* More QE

* Monetising/cancelling existing QE

and so on and that is before pulling any fiscal levers

Edited by R K

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