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No One

HPC Memes [Fresh OC]

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I got the idea of making some HPC meme's after a friendly verbal engagement with @Locke

Maybe this will bring the forum more inline with the current year

 

 

npc_hpi.jpg

Edited by No One

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Just my tuppence worth, but I think this meme is a banker's dream.

It sites the problem in herd thinking by punters (who are re-imagined as moronic NPCs) and completely sets aside the role of the the financial sector in providing a limitless spigot credit money ex nihilo de novo.

The herd thinking holds that house prices always rise because they do always rise (for decades on end, and they always rise faster than earnings). House prices behave in this way because of a chronic systemic crisis in our system of money.

A meme which suggests that the root cause of the problem is stupid punters is essentially the opposite of what this forum has given me - which is a trail of breadcrumbs into the puzzle and a conversational space to engage with the actual problem. YMMV

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On 19/10/2018 at 23:22, Bland Unsight said:

House prices behave in this way because of a chronic systemic crisis in our system of money.

Ok, I agree with you on this, but that statement by itself is not sufficient to explain the problem.

The systemic crisis is a direct result of the State's violent control of the currency, which itself derives from the willingness of the population to hand that control to the State.

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On 20/10/2018 at 12:04, Democorruptcy said:

Is there a word limit?

 

ukbr3.jpg

Similarly, don't forget the finance sector - the UK seems to suffer from the "Resource Curse" in that area.

The UK economy depends on money from finance to such an extent that it becomes able to dictate terms.

Hence loosening of financial regulation (and subsequent boom/busts), no prosecutions after the crash, bank buy outs, etc etc.

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  • 140 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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