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RickyM

New Zealand - The KIWI Bubble facing Collapse

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New Zealand has just elected a 37 year old prime minister, Jacinda Ardern, with her main policies being to reduce immigration and foreign ownership. Being 37, she will likely have many friends struggling under the weight of the bubble. Hopefully she can deliver on her promises.

"She will head a centre-left government that is likely to refocus economic policy around delivering public services, toughening immigration and foreign ownership rules.""

https://www.ft.com/content/fc948de0-b4a3-11e7-a398-73d59db9e399

 

 

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On 04/10/2017 at 8:04 AM, Slimline said:

It's like the entire worlds BANKERS strives for higher prices. It's an unstoppable force....

Think of it a bit like the California gold rush.

The first people there made a fortune from rich pickings.

Then the masses flowed in, some lucky people in the right place at the right time made some good cash.

The person who made all the money though was the block selling spades.

Sound familiar ?

Everyone's (willing to take on the bankers debt) been awarded their plot and they all think they will get rich, bit in reality money is limited and when they try and collect they'll get nothing.

The man with the spades tho....

 

 

https://en.wikipedia.org/wiki/California_Gold_Rush

 

However, rumors soon started to spread and were confirmed in March 1848 by San Francisco newspaper publisher and merchant Samuel Brannan. The most famous quote of the California Gold Rush was by Brannan; after he had hurriedly set up a store to sell gold prospecting supplies,[6] Brannan strode through the streets of San Francisco, holding aloft a vial of gold, shouting "Gold! Gold! Gold from the American River!"[7]

 

https://en.wikipedia.org/wiki/Samuel_Brannan

 

He paid 20 cents each for the pans, then sold them for $15 apiece. In nine weeks, he made $36,000."[5]

 

Brannan had opened more stores to sell goods to the miners (his Sutter Fort store sold US$150,000 a month in 1849),

 

https://econhist.econproph.net/2013/12/samuel-brannan-the-first-millionaire-of-the-west/

 

"Samuel Brannan was considered the first millionaire west of the Mississippi. He became a millionaire during the California gold rush in 1849 by capitalizing on the needs of miners."

 

http://mi2.org/think-differently/mining-the-periphery-gold-rush-sam-brannan

 

"Gold Rush’s 1st Millionaire Found No Gold"

 

There's a reason the banks dont own all the houses in the UK...it's more profitable to own the people buying them

 

Edited by TheCountOfNowhere

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  • 292 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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