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Mortgage Lending - The Ultimate Pyramid Selling Scheme

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Guest mattsta1964

For those of you wishing you could get a foot on the housing ladder, consider the following......

The collapse of the US dollar is a mathematical certainty. It is not a question of if....but when and how hard the landing will be.

America is $8 trillion in debt and is lending ever more ludicrous sums of money to prop up its own currency. It then compounds this madness by fighting wars in Iraq and Afghanistan.

UK debt is now greater than all the other EU countries put together. The average UK household is now approaching £10,000 in debt EXCLUDING mortgages, 47K including mortgages. In the US, this figure is much much worse.

The consequences of a collapsing dollar will have very far reaching and severe implications for the housing market and the rest of the economy here in the UK. It will be catastrophic!

The whole theory of fractional reserve banking and how the global money supply is managed is being seriously questioned. Our global debt based economy is being propped up by unsustainable levels of lending. Global debt is increasing exponentially.

Paradoxically, the success of the Far East and Chinese economies is about the only thing keeping the global economy going because without the economic growth they provide, the US and UK would struggle to service their debts. In order to balance the books, our governments are hitting us with ever more crippling taxes.

The average UK citizen is now paying 50% of their income in taxes, income tax, VAT, council tax, duty on fuel, fags, booze, TV licence, road tax, capital gains tax, inheritance tax, speed camera fines, women getting fined £75 quid for throwing their cheezy wotsits out of their car windows........God knows how much more they will rob from us in an impossible effort to fund all those civil service pensions!

Contrast this with the Channel Island economies where a much greater percentage of the money supply is controlled by a democratically elected government, NOT by privately owned banks and financial institutions. Money is created debt free by the government, not lent into the economy at interest by banks. The ecomony in Guernsey operates a surplus and interest earned on this surplus is pumped back into the economy. This is all achieved without the rampant inflation that politician here tell us would be the result if we ran our economy in the same, sane mannner. Put that in yer pipe and smoke it!

Consider this amazing statistic. Only 3% of ALL the money in circulation in the UK economy is debt free money created by the Bank of England under instruction fron the Treasury. 97% of all the money in our economy is debt money which must be paid back + interest to the banks. How democratic is that?

In the Channel Islands, Income tax is a flat 20%. There is no council tax, no inheritance tax, no capital gains tax, no speed cameras, no women getting fined £75 for throwing cheezy wotzits out of their car windows, lower taxes on fags and booze and petrol is 55p per litre.

How we are enslaved by the banks!!!!!!! The mind boggles

The US Federal Reserve banking system has completely lost control of the money supply. There is no longer any relation between the vast sums being lent and what is held in actual, REAL reserves of money or commodities. It is a pyramid selling scheme of a magnitude never before witnessed in human history. It is criminal negligence on a massive scale, the biggest fraud EVER! Would you lend money to someone knowing full well your own bank account is empty????

Commodity prices are rising sharply. Gold reached $700oz today, its highest value for 25 years and nobody can have escaped the huge hike in oil prices over the last couple years despite the plentiful supply of oil. Rising commodity prices are a sure sign of uneasiness in the markets, a warning of hard times ahead.

So my advice to anyone who can't get a foot on the housing ladder is...........

Count your blessing cos the s**t is gonna hit the fan big time. All the people who have patted themselves on the back and sipped their chardonnay thinking they have done very well in the last 10-15 years pay heed. Life might get very uncomfortable for you in the next 10 years.

My other advice is, if you're paying into a pension...... stop right away cos it wont be worth doodly in 20 years time.

If you have any savings, protect your investment carefully. Don't invest in the property market.

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For those of you wishing you could get a foot on the housing ladder, consider the following......

The collapse of the US dollar is a mathematical certainty. It is not a question of if....but when and how hard the landing will be.

America is $8 trillion in debt and is lending ever more ludicrous sums of money to prop up its own currency. It then compounds this madness by fighting wars in Iraq and Afghanistan.

UK debt is now greater than all the other EU countries put together. The average UK household is now approaching £10,000 in debt EXCLUDING mortgages, 47K including mortgages. In the US, this figure is much much worse.

The consequences of a collapsing dollar will have very far reaching and severe implications for the housing market and the rest of the economy here in the UK. It will be catastrophic!

The whole theory of fractional reserve banking and how the global money supply is managed is being seriously questioned. Our global debt based economy is being propped up by unsustainable levels of lending. Global debt is increasing exponentially.

Paradoxically, the success of the Far East and Chinese economies is about the only thing keeping the global economy going because without the economic growth they provide, the US and UK would struggle to service their debts. In order to balance the books, our governments are hitting us with ever more crippling taxes.

The average UK citizen is now paying 50% of their income in taxes, income tax, VAT, council tax, duty on fuel, fags, booze, TV licence, road tax, capital gains tax, inheritance tax, speed camera fines, women getting fined £75 quid for throwing their cheezy wotsits out of their car windows........God knows how much more they will rob from us in an impossible effort to fund all those civil service pensions!

Contrast this with the Channel Island economies where a much greater percentage of the money supply is controlled by a democratically elected government, NOT by privately owned banks and financial institutions. Money is created debt free by the government, not lent into the economy at interest by banks. The ecomony in Guernsey operates a surplus and interest earned on this surplus is pumped back into the economy. This is all achieved without the rampant inflation that politician here tell us would be the result if we ran our economy in the same, sane mannner. Put that in yer pipe and smoke it!

Consider this amazing statistic. Only 3% of ALL the money in circulation in the UK economy is debt free money created by the Bank of England under instruction fron the Treasury. 97% of all the money in our economy is debt money which must be paid back + interest to the banks. How democratic is that?

In the Channel Islands, Income tax is a flat 20%. There is no council tax, no inheritance tax, no capital gains tax, no speed cameras, no women getting fined £75 for throwing cheezy wotzits out of their car windows, lower taxes on fags and booze and petrol is 55p per litre.

How we are enslaved by the banks!!!!!!! The mind boggles

The US Federal Reserve banking system has completely lost control of the money supply. There is no longer any relation between the vast sums being lent and what is held in actual, REAL reserves of money or commodities. It is a pyramid selling scheme of a magnitude never before witnessed in human history. It is criminal negligence on a massive scale, the biggest fraud EVER! Would you lend money to someone knowing full well your own bank account is empty????

Commodity prices are rising sharply. Gold reached $700oz today, its highest value for 25 years and nobody can have escaped the huge hike in oil prices over the last couple years despite the plentiful supply of oil. Rising commodity prices are a sure sign of uneasiness in the markets, a warning of hard times ahead.

So my advice to anyone who can't get a foot on the housing ladder is...........

Count your blessing cos the s**t is gonna hit the fan big time. All the people who have patted themselves on the back and sipped their chardonnay thinking they have done very well in the last 10-15 years pay heed. Life might get very uncomfortable for you in the next 10 years.

My other advice is, if you're paying into a pension...... stop right away cos it wont be worth doodly in 20 years time.

If you have any savings, protect your investment carefully. Don't invest in the property market.

Not too sure on the facts & figures but sounds reasonable, although rather gloomy outlook.

Compounding all this is the fact that banks are enjoying huge profits at present, even they must realise that this is only because so many working folk are borrowing to pay their debts & it will all come crashing down with a huge wave of bankruptcies all too soon. The banks may not lose too much as most of the poor folk will have property to be sold at auction but the vast profits are going to be hit hard, but I reckon we will soon see more & more top bankers resigning so they can smugly watch the fall in profits & claim it is due to the lack of their individual expertise.

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I believed & invested in property, an asset that benefits from inflation.

An asset that benefits from _wage_ inflation. Which we don't have. And suffers from price inflation. Which we have everywhere you look other than the official government figures.

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An asset that benefits from _wage_ inflation. Which we don't have. And suffers from price inflation. Which we have everywhere you look other than the official government figures.

Wrong Mark. Goods & services inflation affect the value of property. Any time it costs more to build new property, existing property is marked up.

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Respected investor Ken Fisher (Known as one of the 10 great investors :blink: ) is a guy who's views I listen to takes a different view on the $...

But the dollar bears should return to their caves...

Ken Fisher is dismissive of those predicting Armageddon brought on by a collapse in the dollar. He points out that there was an incentive to borrow in dollars and buy European currencies a few years ago, when US interest rates were around 1 per cent and were several percentage points higher over here. But now that US rates have caught up, there is much less incentive to undertake this so-called "carry trade". "People who say the dollar is going to implode are going to be surprised at the end of the year", he forecasts.

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Goods & services inflation affect the value of property.

Yes, as I said they did. They reduce it.

Any time it costs more to build new property, existing property is marked up.

Yes, because people whose real income is dropping due to high price inflation of essential items can afford to waste money paying more for houses.

Funny world you live in.

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For those of you wishing you could get a foot on the housing ladder, consider the following......

The collapse of the US dollar is a mathematical certainty. It is not a question of if....but when and how hard the landing will be.

America is $8 trillion in debt and is lending ever more ludicrous sums of money to prop up its own currency. It then compounds this madness by fighting wars in Iraq and Afghanistan.

UK debt is now greater than all the other EU countries put together. The average UK household is now approaching £10,000 in debt EXCLUDING mortgages, 47K including mortgages. In the US, this figure is much much worse.

The consequences of a collapsing dollar will have very far reaching and severe implications for the housing market and the rest of the economy here in the UK. It will be catastrophic!

The whole theory of fractional reserve banking and how the global money supply is managed is being seriously questioned. Our global debt based economy is being propped up by unsustainable levels of lending. Global debt is increasing exponentially.

Paradoxically, the success of the Far East and Chinese economies is about the only thing keeping the global economy going because without the economic growth they provide, the US and UK would struggle to service their debts. In order to balance the books, our governments are hitting us with ever more crippling taxes.

The average UK citizen is now paying 50% of their income in taxes, income tax, VAT, council tax, duty on fuel, fags, booze, TV licence, road tax, capital gains tax, inheritance tax, speed camera fines, women getting fined £75 quid for throwing their cheezy wotsits out of their car windows........God knows how much more they will rob from us in an impossible effort to fund all those civil service pensions!

Contrast this with the Channel Island economies where a much greater percentage of the money supply is controlled by a democratically elected government, NOT by privately owned banks and financial institutions. Money is created debt free by the government, not lent into the economy at interest by banks. The ecomony in Guernsey operates a surplus and interest earned on this surplus is pumped back into the economy. This is all achieved without the rampant inflation that politician here tell us would be the result if we ran our economy in the same, sane mannner. Put that in yer pipe and smoke it!

Consider this amazing statistic. Only 3% of ALL the money in circulation in the UK economy is debt free money created by the Bank of England under instruction fron the Treasury. 97% of all the money in our economy is debt money which must be paid back + interest to the banks. How democratic is that?

In the Channel Islands, Income tax is a flat 20%. There is no council tax, no inheritance tax, no capital gains tax, no speed cameras, no women getting fined £75 for throwing cheezy wotzits out of their car windows, lower taxes on fags and booze and petrol is 55p per litre.

How we are enslaved by the banks!!!!!!! The mind boggles

The US Federal Reserve banking system has completely lost control of the money supply. There is no longer any relation between the vast sums being lent and what is held in actual, REAL reserves of money or commodities. It is a pyramid selling scheme of a magnitude never before witnessed in human history. It is criminal negligence on a massive scale, the biggest fraud EVER! Would you lend money to someone knowing full well your own bank account is empty????

Commodity prices are rising sharply. Gold reached $700oz today, its highest value for 25 years and nobody can have escaped the huge hike in oil prices over the last couple years despite the plentiful supply of oil. Rising commodity prices are a sure sign of uneasiness in the markets, a warning of hard times ahead.

So my advice to anyone who can't get a foot on the housing ladder is...........

Count your blessing cos the s**t is gonna hit the fan big time. All the people who have patted themselves on the back and sipped their chardonnay thinking they have done very well in the last 10-15 years pay heed. Life might get very uncomfortable for you in the next 10 years.

In a nutshell you are telling us that inflation is on the horizon...

Then why will this be a problem (in the next 10yrs) to someone who bought 10-15years ago? They will have sod all debt left by then. When you factor in INFLATION then the debt will be less than sod all. Unlike the monthly rent charges in 2016 which will be huge in terms of £££.

My other advice is, if you're paying into a pension...... stop right away cos it wont be worth doodly in 20 years time.

I think you will find that people agree with you on pensions. Hence the popularity of BTL.

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a couple of points.

firstly, dont bet on america being a bear economy, it is not. it has all the ingredients of the most powerful economy which is why it is. it has capital ,people and raw materials. it also, unlike europe has an increasing population, which underpins natural growth. not forgetting its desire to win.

secondly, unlike during the late sixties and seventies, inflation is not a problem to people holding cash, as unlike then one can simply buy another currency that is not inflating. remember one could not do this back then because of exchange controals. and one thing is for certain germany will not allow inflation to get out of contraol. so buy the euro when rates start going up, if you are not happy with sterling. or the doollar when it gets close to 2 for 1.

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Yes, as I said they did. They reduce it.

Yes, because people whose real income is dropping due to high price inflation of essential items can afford to waste money paying more for houses.

Funny world you live in.

A funny world that I live in? :lol::lol:

You're the one producing theories going against reality!

What you need is a 'reality check'.

Off you go & get it.

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it has capital ,people and raw materials.

This is America, right? The one over on the other side of the Atlantic?

The America that has vast debts, even vaster liabilities and no savings? The America which has to import over $2,000,000,000 a day from foreign investors merely to support its trade deficit, where manufacturing jobs are being shipped abroad as fast as they can go and where tech companies say they're having to export jobs or import workers because so few Americans are able to do the jobs?

America became the richest country on the planet by being, at least economically, the freest country on the planet. That's no longer the case, and things are only going to get worse as the boomers retire and demand more and more 'free' stuff paid for by other people.

Or do you really think all those Mexican illegal immigrants will be paying high taxes to fund the boomers' retirement?

You're the one producing theories going against reality!

So explain to us how people whose real incomes are dropping will by paying more money for houses? The only way it can happen is if interest rates drop dramatically and they don't care about the fact that they'll never be able to pay off the amount they borrow.

What you need is a 'reality check'.

Yours will be here pretty soon if the BoE raise rates. And if they don't raise rates then your houses may go up in nominal value but they'll still drop in real value as the pound crashes: so it's heads you lose and tails you lose a bit less.

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A funny world that I live in? :lol::lol:

You're the one producing theories going against reality!

What you need is a 'reality check'.

Off you go & get it.

Quite a twattish response TTRTR...even for you. Steady now.

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  • 301 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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